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Why This Gemstone Is Suddenly Everywhere

It’s popular, but it’s by no means cheap.

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Rubies have surged in popularity, and their prices have risen as well, Bloomberg Businessweek reports.

That’s largely because the Chinese have taken a liking to them. Red is the “color of choice” in China, representing good luck.

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“That has had a major impact on pricing and design around the world,” said Greg Kwiat of Fred Leighton.

On a per-carat basis, the price of rubies has increased by a factor of four over the past four years. The best ones can now bring $1 million per carat.

Another factor driving the increases has been the discovery of a new seam  in Mozambique in 2009 yielding ultrapremium rubies. Bloomberg Businessweek notes that “in the efficient gemstone market, prices surge when supplies become abundant and reliable.”

The popularity extends beyond rubies to other gemstones such as red diamonds, spinel and even rubellite, according to Bloomberg Businessweek.

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Read more at Bloomberg Businessweek

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Video: 3 Millennial Couples Reveal Their True Thoughts On Lab-Grown Diamonds

MVI Marketing has released a new video.

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MVI Marketing has released a new video in which three millennial couples reveal what they think about lab-grown diamonds.

The couples interviewed by MV Eye are all actively shopping for engagement rings.

In the video, which is under three minutes long, they’re asked about topics such as their budget, their shopping preferences and their views on lab-grown diamonds.

Watch the video:


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GIA Identifies Mixed Natural-Synthetic Diamond

It ‘could be a new type of product entering the market.’

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The Gemological Institute of America had identified a stone that is a composite of synthetically grown and natural diamond.

It was described as a 0.64-carat fancy grayish greenish blue cushion modified brilliant. It turned out to have a “CVD synthetic diamond overgrowth,” according to GIA, which described the finding in the Spring 2019 issue of Gems & Gemology, its quarterly scientific journal.

The grayish greenish blue was caused by the gray and blue components from the CVD layer and the yellow from the substrate.

“The resulting color was likely the main motivation for growing the CVD layer on top of the natural diamond, though the extra weight gained could also be a factor,” according to the article.

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GIA added: “With the second of these composites seen at GIA, this could be a new type of product entering the market.

“Earth-grown diamonds with synthetic diamond grown on the surface require extra scrutiny due to the presence of natural-looking features, both spectroscopic and gemological. Careful inspection still reveals the presence of synthetic indicators, which expose the true nature of the diamond.”

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Jeweler Faces 33 Felony Counts for Alleged Fraud, Theft

She’s accused of passing off less expensive stones as real diamonds.

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A jeweler in Indianapolis has been arrested on 33 felony counts for allegedly selling imitation diamonds as the real thing.

Charges against 41-year-old Lora Richards, owner of Iconic Brilliance, include  theft and fraud, as well as corrupt business influence, the Indianapolis Star reports.

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Sixteen people told authorities they’d been cheated by Richards, according to the newspaper. In many instances, the stones they took home were actually moissanite.

At times she swapped out diamonds for cheaper stones when she was was supposed to be resetting the stones or putting them into a custom piece, authorities say.

The complaints against Richards date back to late 2015. In addition to diamonds, some of them involve other gems, such as emeralds.

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Richards told WTTV-TV that a broker was at fault for many of the problems.

“I bought from a broker and I was just negligent on knowing what I was buying,” she was quoted saying.

Read more at the Indianapolis Star

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