burdened diamond dealers welcome supply cut

The head of a diamond trading group said a downturn in the United States, the world's top consumer, may compound his members debt burden, and as such he welcomed a move by De Beers to trim supply in the coming months. Avi Paz, president of the World Federation of Diamond Bourses, told Reuters in an interview on Tuesday he was concerned about the debt burden in the diamond industry.
"The banks are nervous, the banks are looking at every diamond dealer, and looking at the debt and how they are covered," he said by telephone from Israel.
"I call on my colleagues to be careful, to have liquidity."
A rough estimate of total debt in the diamond industry was $12 billion to $15 billion, but so far there had been only isolated problems, he added.
The Belgium-based federation is an umbrella organisation representing 26 member bourses that trade in rough and polished diamonds and precious stones.
Paz issued a statement last week asking diamond producers to reduce supply during the current economic turmoil to stabilise the sector.
He welcomed a move by diamond giant De Beers, which controls around 40 percent of the market, to reduce the amount of unpolished gems at its next two sales due to reduced demand.
"This is a very important statement, it will assure the diamond industry worldwide."
"BE CAREFUL"
He said De Beers "sightholders" -- tightly screened clients -- had an obligation to buy the unpolished diamonds on offer at periodic sales.
In the current economic climate, however, they might find it difficult to sell all the processed material to jewellery makers and end up with increased debt burdens.
Diamond prices, which have surged in recent years on tight supply and buoyant demand, have recently been hit by the global credit crisis.
Until now mass-market jewellery using small diamonds have been hardest hit by the downturn in the United States, the biggest consumer of diamond jewellery, accounting for half of the total market.
But recently, even prices of large, high-quality stones that appeal to the very wealthy have declined.
A lot of diamonds were still being sold in the United States and the product should appeal to people wanting a safe haven investment, Paz said.
But he urged those in the industry to be cautious about developments in the future. "I'm worried, I think people should be careful about next year... they should take steps to be liquid and not over-buy in polished and in rough (diamonds)."
De Beers, 45 percent owned by mining group Anglo American Plc, said in August it had boosted rough diamond prices by around 16 percent so far in 2008 due to strong demand.
But it said in July it was cautious about developments in the second half due to a downturn in the United States.

Warm Up for Fall With Hot New Jewelry From World Jewels

The weather may be turning cool, but fashionistas can still stay warm with hot new jewelry from World Jewels, the leading online jewelry store. World Jewels adds the hottest new jewelry designs to their site each week, including diamond rings, diamond engagement rings, diamond stud earrings and more.
As temperatures start to drop, many may find they have to cover up, but jewelry lovers can still shine with diamond jewelry. The biggest trends in jewelry this fall are just that -- big! Statement jewelry is all the rage. Rings with thicker bands and big gems and stones are in, and the same goes for necklaces with large pendants and chunky bracelets.

"World Jewels has all of the current trends in jewelry as well as classic diamond rings, engagement rings and more," said Allen Rashtian, owner of World Jewels. "We want you to be completely happy with our jewelry, so we offer a 30 day return policy and free ground shipping on all jewelry orders with insurance at no additional cost."

The newest jewelry designs added to WorldJewels.com can be viewed on their Hot Items and Specials pages.

To speak with a trained professional waiting to answer any questions or help find that perfect jewelry gift call 888-967-5353 or visit www.worldjewels.com.

About World Jewels:

Located in beautiful Los Angeles, California, World Jewels purchases and imports the highest quality diamonds, gold and silver from around the world. World Jewels specializes in semi-mounts for engagement rings, solitaire rings, wedding bands and sets, bracelets, earrings, necklaces and pendants. They also carry a wide selection of precious gem stones in different sizes and shapes, loose or set in 14k/18k gold or platinum mountings. World Jewels is one of the only online jewelry stores that manufacture their own jewelry in 14k gold, 18k gold and platinum. You can find new jewelry designs added to the "Hot Items" and "Specials" sections each week on WorldJewels.com.

White Gold & Black Pearl Pendant

White gold orbit pendant set with diamonds and a black pearl.

Most of Ofiesh's work incorporates moving elements. With the flick of a hinge, a ring becomes a pendant. Or among the artist's patented Orbit Collection, a band of brilliant diamonds set in platinum spins around a simple gold bead or an elegant ring.

All of the artist's work is designed, forged, and formed by hand. Since Ofiesh is a self-taught goldsmith, he uses tools in non-traditional ways, and his methods are often unconventional by jewelry standards. He is as creative in his approach to design as he is open-minded about how to make things work.

Ofiesh took workshops along the way with noted metal workers Heikki Seppa and Ronald Pearson. He also studied gem-setting at the Revere Academy in the mid 1980s. But mostly he continued to work on his own moving from silver to gold, refining techniques, and developing his interest in jewelry that moves.

Ofiesh travels around the country exhibiting at prestigious craft shows such as the American Craft Enterprises fairs in Baltimore, San Francisco and St. Paul. Over the years he has received numerous awards at these shows.

Unable to land a prep school teaching job, Ofiesh, an English literature graduate from the University of Virginia, traveled to the small town of Chatham, Virginia, in 1973 to try to sell some of the silver jewelry he made as a hobby. He made $400 in one weekend, and that small commercial success sparked the beginnings of a 30-year career as a jewelry designer.

Indian Brides Replace Traditional Gold Jewelry as Prices Rise

Ashima Lahiri will say her wedding vows in December wearing fake earrings, necklaces and bangles that cost a tenth of the price of gold, breaking a millennia-old Indian tradition that brides wear the precious metal.

``Gold is too hot now,'' says the 25-year-old fashion designer from Kolkata, eastern India, who'll spend 15,000 rupees ($305) on her bridal set instead of 160,000 rupees for a real one. ``You can't touch it.''

Lahiri's not alone. Indian families, the world's biggest buyers of gold, are canceling purchases before the peak wedding season because prices have touched a record high in India, putting traditional bridal sets out of reach. That's spurred sales of gold-plated, silver and brass gem-encrusted jewelry, designed to match the bride's wedding saris.

``People are not willing to be victims of high gold prices and are instead going for glittering imitations,'' said Roli Malhotra, head of marketing at Sia Lifestyles Pvt Ltd., a 24-outlet chain of fashion jewelry stores based in Mumbai. ``Sales of imitation bridal sets are on the rise.''

Bullion, considered an investment haven, has weathered a global rout in commodities that has sent the Reuters/Jefferies CRB Index down 18 percent this month, the biggest fall in at least 52 years. In India, gold has gained 14 percent this year, reversing a 6 percent decline in the global spot rate, because a 20 percent slump in the Indian rupee against the dollar to a record low has driven up the cost of importing the metal.

`Double Whammy'

``It's a double whammy for Indian buyers and retail demand has been a casualty,'' said Bharath K. Rekapalli, director of Global Financial Markets, a trading and research firm, in the southern Indian city of Hyderabad.

Demand traditionally spikes in the second-half of the year, spurred by Diwali, the Festival of Light, which is considered an auspicious time to buy the precious metal by India's majority Hindu religion. Brides also buy more gold and relatives offer bridal sets as gifts for the trousseau as Indians prefer to get married in winter to avoid the monsoon rains and summer heat.

``Gold prices have put a cap on the number of sets I can buy for my daughter,'' said Rekha Makhija, 52, who will buy two instead of three collections for her daughter's wedding in January. ``While I plan to give her a few of my jewelry sets, it will be nice to buy something fashionable and trendy.''

The yellow metal is considered the best gift by relatives because it insures the bride leaves her family with her own property, said Ravi Jalan, director of New Delhi-based Jalan Commodities.

Family Vaults

Households in India have 15,000 tons locked away in family vaults, almost double the reserves held by the U.S. Federal Reserve, according to consultant McKinsey & Co. That's worth about $376 billion at current prices after gold has gained for seven straight years.

The increase is crippling Bipin Zaveri, 52, and his family's D.P. Zaveri showroom in Mumbai's 141-year-old gold bazaar.

``Many of us will be out of business if prices continue to prevail at current rates,'' he said. ``We don't expect customers to rush back just because it's wedding season.''

Indian families buy gold when prices decline and not necessarily when their daughters are getting married, said Zaveri, surrounded by glittering chains and rings in a showroom devoid of customers.

Changing trends have also reduced jewelry sales, Ramesh, who only uses one name, of R. Kothari & Co. Jewellers in Mumbai said. His revenue has dropped by almost 50 percent in the past two years, he said in an interview.

Chunky Jewelry

``No one wants chunky jewelry anymore and even if they do buy something heavy it's usually a gold set studded with precious gems or diamond,'' said Ramesh, pointing to a wall-mounted display-case with necklaces. ``Everything seems to be going against us.''

India's bullion demand was 769.2 tons of in 2007, less than the 1,000 tons estimated by the World Gold Council, as more families chose to rework their mother's or grandparent's bridal collections instead of paying for new gold.

``Every home in India has enough gold so if there is a wedding all they have to do is melt old jewelry and make new sets,'' said Daman Prakash Rathod, director at MNC Bullion Ltd., the biggest bullion dealer in southern India.

For bride Lahiri, she'd rather wear imitation jewelry on her big day than melt and destroy her great grandmother's necklace.

``Gold is considered a family heirloom and passed through generations, so why would I ever sell my family treasure?'' said Lahiri, who was in Mumbai to plan her wedding with her fiancée and friends. A gold bridal set her mother has given her doesn't match her wedding outfit, so she'll wear imitations.

``Everybody will notice how coordinated my clothes and jewelry are, and not really bother whether those earrings are fake or real,'' she said.

Inspired by the classical

MODERN creations with an old world aura - that's how best to describe Temple St Clair jewellery. Inspired by European Renaissance aesthetics, they may be old world but they're certainly the hot rocks of this age - recognised as timeless modern classics.

Temple St Clair jewellery made its debut in Barneys New York in the late 1980s, setting the tone for the iconic department store's fine jewellery section. From there, a hobby and a means to support an interest in travel and research became a business for American designer Temple St Clair Carr who has crafted it further ever since.

Ms Carr's eponymous jewellery is now distributed through over 100 retailers in the US, and leading stores in a few countries, such as Harrods in London as well as Isetan in Japan. There are plans to roll out more points of sale in Asia by late next year, but the American designer was in town a couple of weeks ago to present her jewellery in an exclusive jewellery showcase, Zenith Affair, held at the Raffles Hotel.

Making jewellery is something she 'fell into', she explains, when studying Italian Renaissance art and history in Florence. 'I was very deep into 14th and 15th century Italy and looking at all the art and architectural details and then reading the great literature of the centuries, and I wanted a piece of jewellery (that reflected that). Italy is famous for its jewellery but nothing appealed to me. It was all quite commercial.'

So she decided to design her own, seeking out Florentine goldsmiths. 'The goldsmith guild in Florence has been and largely remains a man's world, so it was quite something for them to be approached by a woman,' records Ms Carr, in a new coffeetable book on her jewellery, published by Harper Collins.

One piece she sketched that was made by the goldsmith led to another, and yet another, and Ms Carr ended up staying in Florence for close to 12 years, designing jewellery that she would sell in small, private shows in America whenever she returned. The jewellery was spotted by a Barneys' scout in Italy and the rest is history.

'My early collection of jewellery designs were very historically-based inspirations then,' she says, as she studied goldwork of ancient Etruscans and early Greeks, and had incorporated a lot of tiny gold beading and granulation work into her 22-karat gold designs, featuring coloured cabuchon gemstones.

These days, her jewellery is much more contemporary, made with 18-karat gold, for example. Besides designs which still hint at ancient and classical worlds, egg-shaped rock crystals are another signature Temple St Clair design. Her latest Fall/Winter collection features serpents and dragonflies; while butterflies featured in the Spring collection.

For Spring 2009, the mermaid will be the central theme - what mermaids might wear, such as a crystal amulet with a 'netting' of royal blue moonstones and blue sapphires and diamond-studded starfish. She's already designing the Spring 2010 collection, disclosing that it'll be Matisse-inspired.

Asked to describe the Temple St Clair brand, Ms Carr says it's a young heritage brand, much like Bulgari and Cartier when they first started out, with individual designers at the helm. And yes, she already has fans who buy her jewellery as collectibles.

'People are looking for unique, special things, not only stylish, but made in fine way' - that, she reckons, is the appeal of her jewellery.

For the accidental designer, jewellery gives her the luxury of being both an artist and an academic, says Ms Carr, because she is constantly researching themes and ideas. Many factors have coincided to bring her interests and passions together in a career in jewellery, she notes in her book's foreword; but then again, it's a rare artist who is able to make art - in her case jewellery - that is collected as timeless pieces.

Italian Jewellery Awards to take place in Amalfi

The Italian Jewellery Awards, taking place 15 November 2008 in Amalfi, Italy announces the following five finalists to its selected judges:

• Sarah Ho; the devoted founder of SHO Fine Jewellery, aged 29 and qualified as Goldsmith & Gemmologist from the HRD Institute of Gemmology in Antwerp, Belgium. Sarah has integrated fashion into her jewellery by carrying seasonal trends, ensuring SHO designs stays fresh and exciting.

• Marisa Hodern, is one of the three jewellery designers behind Missoma; a mother and daughter team, all sharing a passion for modern and contemporary jewellery design. Specialising in 18ct gold vermeil jewellery with precious and semi-precious stones, Missoma has become known for its unique designs and instantly recognisable vibrant colours! Loved by style icons such as Jennifer Lopez, Jessica Biel and Scarlett Johanssen, Missoma has attracted a loyal and ever-growing fan-base in the UK and abroad, and is stocked in over 15 countries worldwide including department stores such as Harrods, Harvey Nichols and Liberty.

• Anthony Roussel, graduated as jewellery designer from London Metropolitan University in 2007. Although he is trained in metalwork, his real love for materials is found in wood. By combining an ancient organic material with new digital design tools, he has caught the attention of key international galleries and collectors.

• Ornella Iannuzzi, Ornella established her business after graduating from the Royal College of Art in June 2007. Ornella pays homage to nature through the jewellery using only materials from sustainable sources, exploring vulnerability and the impact of that man has had on the environment.

Today she is working with different online galleries such as “Things we love” or “Object Fetish”- based in the USA. Her latest collections were featured in the press both nationally and internationally such as in the Retail Jeweller, Jewellery Focus, Jewellery In Britain, J-Dex, Goldsmith or Dreams magazine. Furthermore, she was shortlisted last July for the UK Jewellery Award, in both categories “Young Designer of the Year” & “Jewellery Designer of the Year”.

• Zinzi Coetzee 27 & Ursula Horton 26; founders and designers of Francesca Sibylla Augusta. Zinzi and Ursula graduated together at Central St Martin in 2005 and from London College of Fashion in 2007. Working with fine and precious materials, mixing traditional hand craftsmanship with modern technology, Francesca Sibylla Augusta offers pieces that are perfect and unique.

To uphold the multidimensional standards, The Italian Jewellery Awards has chosen Italian and British judges, all with significant field expertise, to evaluate the jewellery and design presented.

Platinum jewellery rules the show

There was a time when women discussed gold sovereigns, and their karats, like it was a matter of national importance. Though still considered a prized possession, gold jewellery is slowly being elbowed out by the trendy sleek accessories made of platinum. Combining the simplicity of silver and the glamour of gold, platinum is winning hearts and trousseaus of the new-age women. But let's warn you in advance, platinum jewellery does come with a price. Here's a low-down of Chennai's jewellery stores that you can visit for platinum jewellery. If you are tying the knot this season, you'd do well to have a dekko at any of the outlets of Prince Jewellery for an off-beat wedding ring. Owned and run by Princeson Jose, Prince Jewellery also stocks earrings, sexy nose studs and delicate neck pieces in platinum that successfully notch up your glam factor.

Captivating Swarovski crystal jewellery

Swarovski once again welcomes the festive season with its wonderful collection of crystals! Butterflies, flowers and birds in dazzling colours accented with special effects and patterns, in a price range of Rs 5700 to 46,500 are on display. Crystalline tea lights, candleholders, treasure boxes, crystal bowls and picture Frames come in the range of Rs 13,400- 25,000 Tinkerbell from the Disney collection for sale only in 2008 is available for Rs 17,600. The Bridal Collection of jewellery and bridal gifts deserves special mention for its elegance and uniqueness. Swarovski crystal jewellery is of international classy designs with either gold or rhodium finish, set with clear or coloured crystals or in a combination of both, in exclusive patterns. You can take your pick from a large collection of pendants, earrings, necklaces, finger rings, hair pins, broaches, bracelets and cuff links in affordable prices. Each and every piece comes with a universal warranty of 2 years and impeccable after - sales service.

Instant Ratings

Oakley Creates Special Edition Sunglasses to Support ALS Research

ALS destroys the nerve cells controlling muscles, ultimately causing complete paralysis while leaving mental function intact. Survival is typically two to five years after diagnosis, and no cure exists. With every sale of these special edition Augie's Quest HIJINX sunglasses, Oakley will contribute US$20 to Augie's Quest, creating a vision of hope in the fight against ALS.

"Augie has been a long time supporter of Oakley and we're proud to team with him and Augie's Quest," said Scott Olivet, CEO, Oakley. "We honor Augie's contributions to the fitness industry, his inspiration as an individual and entrepreneur, and the innovation he has brought to medical research and fundraising. For more than 30 years Oakley has made history, and with your help we will make history in the war against ALS."

"I'm extremely grateful to Oakley for creating these special edition sunglasses," said Augie Nieto, Founder and Chief Inspiration Officer, Augie's Quest. "Not only do they combine great looks with the best sunglass technology, but they are also a fitting way to draw attention to the cause. Augie's Quest is motivated by a bold vision of the day when the cure for ALS is found."

The Augie's Quest HIJINX sunglass from Oakley is available in two styles. The Polarized Augie's Quest HIJINX eliminates 99% of glare with Oakley's polarization technology. It also features a laser etched signature by Augie Nieto on the corner of the lens and on the inside stem, in addition to "Augie's Quest" in script on the outside frame. The Non-Polarized Augie's Quest HIJINX sunglass features a custom rendition of the Augie's Quest logo laser etched on the corner of the lens, in addition to the outside frame and inside stem.

Each special edition sunglass includes the clarity of Oakley's High Definition Optics(R) with patented innovations including XYZ Optics(R) for razor sharp vision at every angle of view. The lenses are enhanced with Black IRIDIUM(R) lens coating for balanced light transmission in bright sun. The comfortably lightweight polished black O Matter(R) frames are engineered for all-day comfort, shock absorption and durability. A specially designed pin and Augie's Quest MICROCLEAR(TM) bag are included for lens cleaning and eyewear storage.

The suggested retail price of the Polarized Augie's Quest HIJINX sunglass from Oakley is US$190 and US$135 for the Non-Polarized Augie's Quest HIJINX sunglass. Both are available at http://www.oakley.com/aq and select Oakley stores nationwide. Augie's Quest apparel and accessories from Oakley are coming soon.

About Oakley, Inc.

Oakley is a worldwide leader in performance optics including premium sunglasses, goggles and prescription eyewear. Headquartered in Southern California, the company's optics brand portfolio includes Fox Racing, Mosley Tribes, Oliver Peoples and Paul Smith Spectacles. In addition to its worldwide wholesale business, Oakley operates retail locations including Oakley Stores and The Optical Shop of Aspen. The company also offers a wide selection of Oakley-branded technical and active apparel, footwear, watches and accessories. Additional information is available at http://www.oakley.com.

About Augie's Quest

Augustine (Augie) Nieto, a prominent leader in the nation's fitness industry for nearly three decades, received a diagnosis of amyotrophic lateral sclerosis (ALS, or Lou Gehrig's disease) in March 2005. Augie was co-founder and former president of Life Fitness and is now chairman of Octane Fitness. In September 2005, he received the fitness industry's top honor, the Lifetime Achievement Award. Augie and his wife, Lynne, work closely with MDA staff to coordinate fundraising events that will benefit MDA's worldwide ALS research program. Augie's Quest has raised $17.5 million for ALS research since it began in 2005. As co-chairs of the ALS Division, the Nietos help raise awareness through public appearances, speaking engagements, media interviews, and public service announcements.

This old bling? Why the seriously stylish are snubbing new jewellery designs in favour of re-vamping vintage

So, how are fashion lovers achieving this? One word: vintage.

Vintage jewellery is piping hot, be it rare costume pieces from yesteryear, or family heirlooms. It's become the ultimate way to avoid fashion-snap at parties while also hanging on to, or buying into history.

'Women tell me that they're on a quest to find something unique - something customised or personalised - and vintage holds the solution,' says Marigay McKee, fashion director at Harrods.

Indeed, now more than ever, there is something a bit tasteless about flashing something that everyone knows cost a fortune.

Vintage is more subtle. And you won't bump into anyone else wearing the same piece.

'I really love the costume jewellery from the Eighties and Nineties, the really bold stuff by Yves Saint Laurent and Chanel,' says Cameron Silver, owner of the hip LA vintage store Decades.

The shop counts Julia Roberts and Renee Zellweger among its fans, and has opened a concession at London's Dover Street Market.

He adds: 'Vintage pieces are also often cheaper than the new designer costume pieces and it's less disposable - more of an investment.'

Vintage pieces are timeless and created in an era when designs were meant to last beyond one season and coordinate with multiple outfits.

But, for those looking for a more updated look, there are also a host of labels putting a twist on vintage jewels.

Tom Binns, for one, is a favourite among celebrities (not least Michelle Obama, who wore a necklace to meet Vogue editor Anna Wintour) and has pioneered the nouveau- vintage look in costume jewellery, incorporating bits of old diamante with jewels and different clasps.

The pieces are instant hits each season at every upscale stores from Harrods and Harvey Nichols to Net-a-Porter.com. (His stockist list reads like a who's who of fashion retailer power players

Goldsmiths Adds Three New Diamond Lines

Goldsmiths jewelers in the U.K. added new features to its website in addition to offering new diamond jewelry collections. There are three new ranges in the diamond collection: Octavia, Ardesco, and Radiant Star.

The diamond jewelry collections are being introduced into Goldsmiths stores now.

The jeweler described Octavia as comprising of rings, earrings, bangle and pendant necklaces made from 18 karat yellow or white gold. This range is designed in a traditional style and all pieces are set with brilliant-cut diamonds.

The Radiant Star collection features a new cut for the jeweler (with 145 facets,) and the range includes a pendant necklace, rings, and earrings.

The Ardesco features square-cut diamonds in a pendant necklace, rings, and earrings.

New features on the website include a "fashion trends" section analyzing the latest trends and influences from the catwalks and a "find the perfect gift" section featuring ideas for for gifts for any special occasion.

Customers can also use online wishlists, enter competitions, and set up personal accounts to guarantee secure transactions and track existing orders.

http://www.goldsmiths.co.uk

Hot Diamonds makes investments in gold and silver

UK. Hot Diamonds is set to sparkle at the TFWA World Exhibition with its new fashion jewellery collections

In other news, Jonathan Crocker has recently been appointed as the Head of Global Sales, International and Business Development. He joins the company from Bang & Olufsen. Customers will be able to meet Crocker in Cannes, along with the rest of the team, including Managing Director International Julian Mullins.

Hot Diamonds is unveiling the following collections in Cannes:
GAIA COLLECTION: GAIA is described as a precious, sensual and empowering jewellery collection, featuring 18ct yellow gold and brilliant-cut white diamonds. The collection comprises five mini-suites, each featuring a symbol associated with one of the elements protected by the goddess Gaia. They are: Selene (cosmos), a representation of the universe and heavens, translating as the Greek word for ‘moon’; Arden (earth), a literal reference to ‘great forest’ and a beautiful place; Bali (air), a gentle wind and a figurative representation of freedom.

Timeless gems: Walters shows how jewelry themes invented centuries ago have transcended the ages

Oct 19, 2008 (The Baltimore Sun - McClatchy-Tribune Information Services via COMTEX) -- TIF | Quote | Chart | News | PowerRating -- When Bedazzled, the exhibit of jewelry from the Walters Art Museum collection, opens today, it will be more than just an interesting look at gorgeous pieces from 5,000 years ago to the early 20th century. You'll also see the antecedents of contemporary bracelets, rings, earrings and necklaces that might be worn on the red carpet at the Oscars, at the next President's Inaugural Ball or at a neighbor's cocktail party.

Modern jewelry makers still use many of the same techniques, materials and motifs you'll find on display at the Walters to create precious pieces that have a timeless appeal.

Here are three examples:

Museum (25-scarab necklace): Egyptian-Style Necklace with Scarabs (Italian, late 19th or early 20th century)

The Castellani workshop was known for its archaeological jewelry copied from ancient Egyptian pieces and decorated with ancient and modern scarabs (based on the image of a dung beetle).

Modern (5-scarab pendant):Scarab Necklace, $612

Sixteen-inch, 14-karat gold necklace with five scarabs made of gemstones, such as tiger eye, chrysoprase, carnelian, lapis, rhodolite and epidote. Available from Jewel Basket.com.

Museum (larger jeweled iris):Iris Corsage Ornament (Tiffany & Co., ca. 1900)

This Tiffany brooch became famous when it won the grand prize at the 1900 Paris Exposition Universelle. It's made of a gold stem, sapphires and diamonds, with leaves of green demantoid garnets.

Modern (small iris): Windswept Iris Brooch, $75

From the Franz Collection, the porcelain on a rhodium-plated brass setting is available at CarolynsUniquePlace.com.

Museum (left, two snakes): Pair of Roman Snake Bracelets (Roman, 1st century A.D.)

These solid gold bracelets were worn on the wrist or upper arm. Snake bracelets and rings were common because the snakes symbolized fertility and were supposed to ward off evil.

Modern (right): Antonio Palladino Gold Snake Bracelet, $2,635

Gold vermeil snake bracelet is available at Barneys.com

To see more of The Baltimore Sun, or to subscribe to the newspaper, go to http://www.baltimoresun.com. Copyright (c) 2008, The Baltimore Sun Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.

Diva Fine Jewellery announces new Christmas stock of silver, gold and gemstone jewellery

Diva Fine Jewellery, a prominent High Street Jeweller just outside Edinburgh, has brought in its new stock for Christmas. There are fabulous ranges of Silver, Gold and Fashion Jewellery for all ages and all pockets. Both partners have worked extremely hard to keep prices down, but increase quality and maintain their selection of jewellery to help customers in this unstable economy still afford to buy for loved ones at Christmas. “We negotiated hard with our suppliers to maintain previous prices, quality and service that we ensure here at Diva Fine Jewellery”, said Maria Renz, Partner. “Our company stands for Quality and Service. We pride ourselves on bringing in jewellery that is unique from your normal jewellery store chains. We are a small company, but always ensure that Customer Satisfaction is top priority.

Shagun Jewels unveils Bangle Extravaganza

Shagun Jewels, the retail outlet of Asian Star, is showcasing their latest collection of diamond and gold bangles.

A wide range of bangles, bracelets and kadas, in over 300 designs in traditional, fusion and contemporary styles is sure to mesmerize you. Experience the magic in every creation and avail of the special offers during the Bangle Festive from October 11-18, 2008.

“As makers of fine jewellery, we take pride in showcasing our exquisite bangle collection. With more than 300 designs on display, and a varied price range, the Bangle Festival offers a great opportunity to the discerning buyer to pick up some timeless pieces,” said Mr. Priyanshu Shah, Executive Director of Asian Star.

Customers can avail of a special offer with 15% off on gold rate on all 18 K diamond jewellery. Special discounts on gold jewellery will also be there.

‘Shagun Jewels’ believes in the supremacy of innovation and contemporary designs, but at the same time, conforms to local cultural consciousness. High on quality, the gold used is BIS hallmark certified and the diamonds used are of the best cut and clarity.

Safe World Peace Jewelry Collection Debuts in the U.S.

Safe World Peace collection of necklaces and jewelry promotes the peaceful co-existence of people from diverse world religions and cultures. Until recently the collection, created by jewelry designer Fadia Otte, was only available in Europe. A new website and distributor means the line of stirling silver necklaces, gold and white gold necklaces, earrings, and bracelets are now accessible in the U.S. A portion of all sales from The Safe World Peace collection is donated to charities that support children in need around the world, regardless of religion. Salt Lake City, UT (PRWEB) October 19, 2008 -- Safe World Peace, the collection of diamond necklaces and other fine jewelry, has recently launched in the U.S. Each necklace, bracelet, or earrings are meant to promote peace between Christians, Muslims, and Jews.

Damas brings Brazilian jewellery by Vancox

Damas is celebrating the rare charm of Brazilian jewels with the debut of Vancox in the UAE.

Founded over two decades ago in Brazil, the jewellery house won over New York’s fashion set and soon after made waves in other parts of the globe.

To mark the launch, an exclusive reception was held at the Jewellery Court, Saks Fifth Avenue in Burjuman Centre. Models wearing Vancox jewels sashayed to the beat of soothing Brazilian music.

Inspired by feminine mystique and sensuality, the latest collection spreads exquisite rings, necklaces, pendants, earrings, and bracelets featuring aquamarines, tourmalines, amethysts, diamonds, rubies, turquoises, citrines, topazes, pearls and other unique stones set in 18 carat gold.

“Vancox proposes unique jewels to stylish women around the world. When I started the brand over two decades ago, my main objective was to create jewels that reflect nature’s beauty and the wearers’ joie de vivre. It is in the same breath that we offer you our latest collection,” stated Ricardo Bronfen, the creative mind behind the brand.

“We are pleased to add another highly-acclaimed name to our roster of international brands. Vancox emphasises outstanding design and creative application of exotic gems, which are sure to appeal to our sophisticated clientele,” said Tamjid Abdullah, deputy managing director of Damas, the exclusive partner of Vancox in the UAE.

The Vancox workshop is located near the famed mines of Minas Gerais, one of the most important and diversified gemological spots in the world. B

Collection to look out for at the special promotion include the Lotus collection, the Pastilha Collection, the Nautilus collection, the Renascença collection and the Morro Velho.

“Vancox is a jewellery design studio that manufactures jewellery, and not a jewellery manufacturing company with a design department,” Bronfen added.

Men's jewellery trends reveal that bling isn't just for girls anymore

It's not just amongst fashion-conscious youth, however; men's jewellery today can be seen on the basketball court or in the boardroom. Influenced by modern pop culture, the more traditional, formal looks of yesterday have been overtaken by more modern, sleeker designs using alternative metals such as titanium and stainless steel, or colours such as black, mixed with diamonds and other precious stones. Visitors to Areeq Dubai, the exclusive event which brings together the most prestigious watch and jewellery brands as part of Dubai International Jewellery Week will be able to view the latest men's collections from the Middle East and around the world. As you would expect, watches remain the most popular items in any men's jewellery line and will feature heavily at Areeq Dubai. Dunamis Time Pieces epitomises the current market trends by fusing Swiss watch-making with cutting-edge couture fashion, a revolution against traditional watch making ethics. They'll be showing bold designs using black and stainless steel which are hand-crafted using precious diamonds and gemstones. The Lex Diamond Watch, designed by Jordanian Master Jeweller Alexander Nasrawi, combines Swiss engineering with a design which allows wearers to instantly reconfigure their timepiece to suit their mood or environment. Designed on solid stainless steel or 18 carat gold, each watch is painstakingly set with flawless diamonds, but the highlight is interchangeable bezels with single, double or triple rows of white or coloured diamonds. Dubai-based Dhamani Jewels will also be showcasing its range of men's watches studded with sparkling white brilliant cut diamonds. Dhamani's men's range also includes rings, cuff links and accessories which feature diamonds set and styled in masculine designs. High on most men's lists of jewellery must-haves are cuff links and La Reina Collection, based in Los Angeles, will be showing its selection of unique white, yellow and black diamond cuff links which feature extremely rare flat diamonds at their centre. Recognising the increasing popularity of bracelets and other less traditional men's jewellery items, La Reina Collection will also be introducing its new range of diamond and titanium bracelets for the first time. These pieces are part of the new 'Evoluzione' collection which this year won an award for Best Designing from Town & Country. Jacob & Co, brought to the UAE by Bin Hendi Enterprises and exhibiting at Areeq Dubai, counts celebrities like Sean 'P.Diddy' Combs, Justin Timberlake, David Beckham and Enrique Iglesias as some of his biggest fans. With such a following, he typifies a new generation of 'cool' in men's jewellery design. His complete range of lavish and unique designs for men includes rings, cufflinks, bracelets and pendants encrusted with diamonds and coloured gems. For men, the choice of jewellery has never been as wide, as experimental or as lavish as it is toda

Gem industry gets set to shine again

Long considered two counties yet to fulfill their economic potential, eastern Taiwan's Hualien and Taitung are ready to shine at the Eastern Taiwan Gems and Jades Exhibition. Hosted by the National Taitung Living Art Center from Oct. 10 to 20, the event features more than 1,000 pieces of precious stones and jewelry. Three famed gemstones found in eastern Taiwan, hornblende (commonly known as Taiwan jade), blue chalcedony and red coral are the highlights of the fair--a joint effort between the government and industry aimed at kick-starting the island's dormant jewelry industry and generating local employment opportunities. According to Hsieh Jing-lin, chairman of the ROC Gems and Jades Association and co-host of the exhibition, in the 1960s and 1970s, Taiwan hornblende held a 90-percent share of the global jade market. "Back then, Hualien's Fengtian Village was a mining town best known for the precious stone and the county boasted more than 1,000 gemstone factories," he said. But toward the end of 1970, Hualien's jade industry went into steep decline as local deposits of hornblende were exhausted. "Over the years, many people believed that untapped veins of the stone could be found in the county's mountainous regions," Hsieh said. "Exploration was never carried out because at that time, Taiwan did not possess the know-how to prospect for these deposits," he added. A native of Taitung, Hsieh considers Taiwan's blue chalcedony--distributed over ranges in Hualien and his hometown--to be the world's most beautiful "natural" specimen of the quartz. "Unlike blues from abroad, Taiwan's stones do not need heat treatment to improve their color," he said. "They naturally possess a pure luster and clarity, which make them the darlings of Japanese collectors." The gem dealer said the region's old mining towns, if tastefully transformed into tourist attractions, could breathe added life into eastern Taiwan's precious stone enterprises. "People would be interested in trekking along winding paths through mines where gemstones exposed can be seen," Hsieh suggested. But gemstones are not the only source of potential riches for the nation's jewelry industry. Red coral, long treasured as a symbol of dignity and felicity in traditional Chinese culture, is another possibility. Jeng Ming-shiou, research fellow at the Academia Sinica's Research Center for Biodiversity, pointed out that red coral, or Corallium rubrum, which grows along the east coast of Taiwan, could generate huge revenues if properly harvested and designed. The biologist explained that the organism's durable and intensely colored red or pink skeleton makes it a highly sought-after material in jewelry manufacture. "The Japanese discovered the coral in Taiwan's surrounding seas more than 100 years ago," Jeng said. "The animals live at depths from 100 to 2,000 meters and thrive especially on ocean bottoms bordering undersea volcanoes." A seasoned scuba diver, Jeng said although reports of red coral being found near Taitung's Green Island and Orchid Island surface from time to time, so far, he and his fellow researchers have never seen the species for themselves. This is because the organisms live at depths that divers can only reach with great difficulty. Fishing boats usually employ specially designed nets to bring the coral to the surface, he added. Acknowledging the significance of conserving the rare coral species, Jeng said research is yet to be carried out on how to collect it in an environmentally friendly manner. "It is vital that we strike a balance between economic development and ecological protection," he said. "Only three countries in the world produce red coral jewelry," noted Hsiao Hsin-tsai, chairman of the Taiwan Jewelry Industry Association. "They are Taiwan, Italy and Japan. Our country's techniques for designing pieces made out of the material surpass all others." Involved in the trade for more than four decades, Hsiao said he envisioned the creation of a "gemstone village" in Taitung 30 years ago. The businessman, who runs jewelry companies in Beijing and Guangzhou, said he has been contemplating the relocation of his factory to Taitung since joining a trip organized by the center to explore the shimmering opportunities associated with the resurrection of eastern Taiwan's precious stone enterprises. "If possible, I hope the relocation of my factory can take place next year," Hsiao said. "But the big problem is that the counties do not have enough qualified gemstone craftsmen or jewelry designers at present." To address the lack of professionals in the industry, the center collaborated with the Council of Labor Affairs' Bureau of Employment and Vocational Training to launch a gemstone design workshop in Hualien's Fengbin Township eight months ago. The goal was to instruct local residents, mainly aboriginals, in the requisite skills so they could participate in the born-again industry. Wu Yi-sheng, a gemstone artisan who is facilitating the program, said he has taught students in elementary and junior high schools about gem and jade designs for 20 years. "Few people wanted to enter this trade because it is a solitary walk of life," he explained. "Another reason for the profession's lack of appeal is that related manufacturing activities in the field have been dormant for decades." While instructing the Hualien workshop students how to evaluate, grade, cut, chisel and polish precious stones, Wu remarked that it takes at least three years to train a qualified gemstone designer. "A good jewelry craftsman needs patience and a good eye. Without these, he could ruin a choice gem or jade," he said. "Today, with the government sponsoring and subsidizing the project, it is less difficult to recruit trainees."

Pearls of wisdom

Even in tough economic times, last year Dubai saw gold and diamond jewellery sales rise by 15% and an amazing 47% respectively. Dubai was not built on gold, or even oil. In fact, it's position as a trading hub and exporter was earned from the more humble pearl, and this year's Dubai International Jewellery Week celebrates the natural resource that gave Dubai its first taste of prosperity. The pearling industry was the main source of income and employment for the people of the Arabian Gulf Coast in the nineteenth and early twentieth centuries. Many of the semi-nomadic inhabitants of the region would fish for pearls in the summer and then tend their date plantations for the rest of the year. The beginning of the end for the region's pearling industry came with the onset of the First World War, however it was the economic depression of the twenties and thirties, along with the Japanese invention of the cultured pearl, which dealt the trade its most devastating blow. Pearling eventually ceased after the Second World War, when the newly independent Government of India imposed heavy taxation on pearls imported from the Gulf. Fortunately for the people of Dubai and the neighbouring states, oil was on the horizon. Today, pearl jewellery has enjoyed something of a resurgence, shedding its old-fashioned image, and is once again at the forefront of current jewellery trends. Pearl jewellery is no longer simply associated with the traditional white pearl necklace. In fact, its popularity now stems from its versatility, with pearls available in a huge variety of colours, shapes and textures, as well as more imaginative uses of pearls in modern jewellery designs. One of the hottest jewellery trends of the moment is to wear several strands of pearls at once. These can be different lengths and designs but for maximum impact should be the same colour. 'Bold' is key, with oversized white, black or coloured pearls a feature in chunky necklaces, rings, bracelets and earrings. Colour is big news in the jewellery trade this season and pearls are no exception. Some of the coloured pearls on show at Dubai International Jewellery Week include a new range of chocolate-coloured Tahiti pearl jewellery from Europearls, one of the world's largest pearl companies. The range includes bracelets, necklaces and pendants and combines beautiful chocolate Tahiti pearls with diamonds in striking modern designs. Also exhibiting at the show is the Chinese-based Fine Pearl Jewelry Co. Ltd, which has developed a range of jewellery which mixes pearls of all shapes with diamonds, coloured gems and jade. Dubai International Jewellery Week holds a treasure trove of beautiful jewellery, which is sure to delight pearl-lovers and win over skeptics who thought pearls were only worn by their grandmothers.

Fatlip to unveil new jewellery directions next year

Costume jeweller Fatlip is poised to unveil some new collections in spring. Featuring in the latest collections will be chunky amethyst, tiger eye and agate beads, and a resin range. Fatlip will be taking its latest ranges to Spring Fair, Torquay Gift Fair and Scotland’s Trade Fair Spring at the beginning of next year. As well as showcasing its new collections, the supplier will also be exhibiting with its classic lines. Fatlip is also launching a new range of jewellery display products comprising busts and stands made from paper, wood, metal and acrylic. Stands for long and short necklaces, bracelets, rings and earrings will all be available. Making up the more traditional Fatlip lines will be jewellery featuring shell, stone, pearl, acrylic, glass, and resin and metal. Fatlip said that colour will continue to play a major role in its collections, sitting alongside its black and silver Midnight collection.

Sneak thief snatched £6,000 diamond ring

A £6,000 diamond engagement ring belonging to Newcastle United striker Andy Carroll’s fiancée was snatched during a break-in. It was taken from company director Faye Johnstone’s designer handbag. Cash and credit cards were also taken from her £600 Miu Miu bag. A thief pounced while Ms Johnstone, 23, was away from her desk at premises belonging to her Heaton-based firm, Easylet. It is understood she was in the kitchen of the building in Heaton Road, Newcastle, when her bag was rifled through. Her Chihuahua dog, Bella, which has a bed next to Ms Johnstone’s desk, began barking. The noise from the animal forced the intruder to flee. Newcastle detectives arrested a 23-year-old man in connection with the burglary on Wednesday at an address in Byker. The ring, which has a main diamond and four surrounding gems, has not yet been recovered by officers investigating the burglary. Faye said: “I am devastated by the theft of the engagement ring, but my boyfriend is just relieved I wasn’t injured.” It is understood two men were seen loitering in the street shortly before the break-in. John Hall, 23, of Coventry Gardens, in Newcastle’s West End, appeared before Newcastle magistrates on Thursday charged with burglary. He is accused of stealing jewellery, cash and credit cards worth £6,850. He was remanded in custody until October 30. Gateshead-born Andy Carroll, 19, is tipped to be a Magpies’ star of the future. He is also an England under-19 international. The 6ft 3in ace made his debut for the Magpies in February 2007. He missed out on last diamond ring’s UEFA under-19 European championships in the Czech Republic because he suffered a foot injury while on holiday. It is understood that he and Ms Johnstone have been together for more than a year. He was said to be shocked by the theft, but was not available for comment. Ms Johnstone set up the Easylet firm five years ago, aged 18.

Pearl show at Dubai Jewellery Week

Dubai International Jewellery Week 2008 is all set to celebrate the humble pearl that gave the city its first taste of prosperity. Scheduled between November 11 and 15, at the Dubai International Convention and Exhibition Centre, the event will showcase a new range of chocolate-coloured Tahiti pearl ornaments, including bracelets, necklaces and pendants, embedded with diamonds, gems and jade. Europearls – a leading pearl company and the Chinese-based Fine Pearl Jewellery Co. Ltd. will display their products at the exhibition. Last year, Dubai saw gold and diamond jewellery sales rise by 15 and 47 per cent respectively. In fact, with transactions worth 14 per cent of the world’s total jewellery sales, Dubai is often known as the ‘The City of Gold’. But interestingly, the desert city was never built on gold. Pearling was the main source of income for people of the Arabian Gulf in 19th and early 20th centuries. However, the industry received a major blow with the Japanese invention of the cultured pearl. Pearling ceased after the Second World War, when independent India imposed heavy tax on pearls imported from the Gulf. Today however, the pearl has witnessed a resurgence, shedding its old-fashioned image and has become bolder than ever. Pearl jewellery does not merely represent the traditional white pearl necklace. In fact, its popularity stems from its versatility in colours, shapes and textures. The Dubai International Jewellery Week is all set to delight pearl lovers and win over sceptics who think pearls are only worn by grandmothers.

Festival of Gold 2008 being held in New Delhi

New Delhi, Oct.15 (ANI): If you also happen to be one of those who have taken to artificially jewellery and forgotten the joy of wearing ‘Gold’, there is something mesmerizing waiting for you at the ‘Festival of Gold 2008′ in New Delhi. The 22nd edition of India’s largest gold and jewellery show, which is being held here in New Delhi’s Ashoka Hotel from October 13 to 21, has put on display the best jewellery designs by 40 famous jewellers from across the country. The exhibition provides an exclusive opportunity for customers to choose and buy jewellery, medallions, and silverware of a wide variety. It has over 70,000 designed and studded pieces showcased by the top jewelers of the country. Bollywood actress Kajol Devgan inaugurated the ‘Festival of Gold 2008′ show here on Monday. “I think gold is always very special. Whenever you think of gold on any occasion, you feel special. It’s something that has religious meaning as well as special meaning to everybody and it is very expensive. Well, who doesn’t like gold? You love everything that is beautiful and gold is one of those beautiful things,” said Kajol Devgan. The exhibition is a part of MMTC’s efforts to provide quality, hallmarked gold jewellery to customers. Sanjeev Batra, the Chairman and Managing Director of MMTC, described gold as the safest mode of investment in the current global meltdown. “People are more interested in gold because the stock market is very volatile. You can see what has happened on Friday (October 10). So people want to balance their portfolio. Fund managers advise at least 10 per cent of the investment should be in gold so that they have very balanced portfolio. Stock market falls and at such times people run to gold and… gold prices go up, the property prices fall…people go to gold because they consider it has an edge over other investments,” said Sanjeev Batra, Chairman-cum-Managing Director, MMTC. Exquisite and trendy designs in gold, diamond and semi precious stones have left the visitors quite enchanted and dazzled. Prospective buyers are making a beeline to the venue of Gold show here. “Anyway gold is a good investment because the gold prices always go high and during Diwali season especially, as it is considered auspicious to buy gold,” said Anjali, a customer. Besides, a unique feature of exhibition is the exclusive stall named ‘Bridal Collection - the Saubhagya Range’ and ‘The Heritage Collection’ displaying special pieces of jewellery. The different styles and patterns of jewellery worn by brides reflecting traditions of different parts of the country have been put up on sale. MMTC is also selling its ‘Sanchi’ brand of silverware in the exhibition. This brand is known for its exclusive designs, purity, quality and spectacular craftsmanship. The gems and jewellery sector is today a fast growing industry in the country which occupies an important position in the Indian economy and accounts for nearly 13.05 per cent of the country’s total exports. By Damanjit Kohli (ANI)

Filipina’s jewelry designs in ‘Vogue’

PARIS-BASED ROSE ANNE Cu-unjieng de Pampelonne is set to be the next big Philippine fashion star, if she isn’t one already.

Her bejeweled accessories, or “cuddly ornamentation” as she likes to call them, were recently featured in In Style (modeled by pop superstar Rihanna) and Elle. Last September, they get prominent exposure in Vogue (Rachel Weisz on the cover) in the magazine’s jewelry report.

It was also in that magazine that she was featured about two years ago as one of Paris’ “secret addresses,” for her embellished clothing designs, which are made in Nepal. She is in the spotlight again as her accessories make a big dent in the creative and crowded world of international fashion.

Last June, I was in Paris to interview and photograph this design powerhouse for this newspaper and for the cover of the Philippine Tatler, out this October. We did her shoot and interview at one of the homes she designed, a gorgeous toney two-story apartment with a breathtaking view of the Eiffel Tower.

I have known Rose Anne for quite some time and we manage to make time for catching up whenever I go to the City of Light. She is always very accommodating and kind-hearted. She loves to entertain and hobnob with the city’s ultra-chic crowd.

The last time I was there, the wife of Louis Vuitton chair and chief executive Yves Carcelle, Rebecca, was giving Rose Anne a birthday party. Invited were some Filipinas like the very lovely Yvette Lhuillier-Warnod (Monique’s beautiful sister, a carbon copy of her mom Amparito) and Ria Agousti whose furniture and accessories are sold in Barney’s as well as in Paris.

Passion

Rose Anne’s passion for creativity and sense of style has always been innate. She has taken lessons in painting in Florence and design in Paris. A good friend prodded her to open an interior design company upon seeing her work on the apartment she was then living in.

Today she is an accomplished interior designer with a coveted clientele all over the world. Her home has been featured in countless magazines and this column reported the coverage of her own home in Elle Décor (US) last April.

She also had a showroom in Manila called Artemis (now owned by Baby Girl Fricke) and her partners include her sister Libet Virata, Conrad Onglao, Anton Mendoza and Doris Ho.

Her jump to fashion, and now jewelry, has progressed naturally. She says it all started with embroidery that did not work on the clothes she designed. She kept them and made them into necklaces.

When asked how growing up in the Philippines has influenced her work, she answered, “What I appreciate about having been born in the Philippines is the Filipino sense of flexibility and diplomacy (good manners over brutal frankness) as they help cushion the rough bumps along the way.”

Prompted further on why she went into accessories/ jewelry design after being an interior and fashion designer, she said, “I know that it is mad to have added another profession albeit one which does complement the other; but it just happened!”

So how does she put it altogether—being an interior, fashion, jewelry designer, a wife and mother?

Rose Anne has been married for 20 years to the investment banker, Baron Bruno de Pampelonne; they live with their three handsome sons Dominic, Ludovic and Alexis. (Incidentally her oldest son Dominic was photographed her for the Tatler cover).

She says, “I’m so busy that it would be a great luxury to have more time. Problem is, even when I’m tired, I don’t want to stop, because I love what I’m doing... When I feel I’m beginning to be overwhelmed, I go home.”

Rose Anne adds, “I am looking forward to spending more time with my family; they are really my most incredible inner circle. Hopefully more years of creating and, wistfully, finally learning how to delegate in the good old Filipino way.”

Heavenly gems in Hatton Garden

Nestled on an inconspicuous street corner deep in the heart of London’s historic diamond trading district, Star Jewellers is a highly regarded vendor of precious gemstone jewellery with an expertise in diamonds. Established in 1997, Star Jewellers have quietly spent the last decade establishing themselves as one of the leading retailers in Hatton Garden and enjoy a hard earned reputation for quality, value and service. With over 40 years collective experience in the diamond trade, the company’s staff are well versed in advising clients on the purchase of wedding and engagement rings, in addition to the full range of special occasion gift and high end contemporary fashion pieces. Celebrity clientele include Sir Paul McCartney, John Carew, Sarah Cox, James Nesbitt and Katie Dearham. The luxury brand stocks an inspiring and delectable range of rings, earrings, necklaces, pendants, bracelets, engagement and wedding bands for men and women of discerning taste. Supplementing the classic styles is an eye-catching line of more dramatic, stylish jewellery featuring delightfully colourful precious stones such as amythest, topaz, rubies, coral, pearls, citrine and peridot. A covetable array of fancy diamonds, sapphires and tourmaline are also on the menu. “Diamonds are a girl’s best friend,” sang Marilyn Monroe back in the 1953 film Gentlemen Prefer Blondes - and how right she was! The name diamond derives from the ancient Greek ἀäÜìáò (adamas) meaning "invincible" or "untamed". The clear carbon deposits are the world’s hardest naturally occurring minerals, and have been treasured as gemstones through the ages. The earliest records of human history describe use of the gems as religious icons in ancient India and engraving tools in the western world. The mass popularity of diamonds has increased during the 19th century due to increased supply, improved production techniques and general growth in the world economy. The fiery stones have stood the test of time to prevail as the ultimate symbol of love and an iconic hallmark of timeless elegance. In the face of the credit crunch, Star Jewellers have devised a generous and practical offer to incentivise customers in the wedding jewellery market. Individuals spending over a nominated amount at the store will be rewarded with complementary items of diamond jewellery for their bridesmaids; a beautiful selection of earrings and pendants are available. For City Workers grappling with the volatile markets of late, the store is hosting Champagne events after the markets close on Friday afternoons. Traders can celebrate the start of the weekend and unwind in a relaxed atmosphere with a glass of bubbly, while perusing the brand’s key pieces of jewellery with no obligation to buy. Adrian Demondez, Head of Retail at Star Jewellers, commented: “We are very proud to trade in Hatton Garden, a historic area with a long standing tradition of excellence in jewellery production. At Star Jewellers we pride ourselves on unparalleled levels of customer service; our consultants are attentive, knowledgeable and above all, approachable. Our specialism is in diamonds and particularly rings, but we also commission bespoke items for our clients and work with a wide variety of precious gems. We hope that our current offers will appeal to the public and a warm welcome is always available in our store at 70 Hatton Garden.”

Diamond trade feels the heat of worldwide financial crisis

The global diamond trade is bracing for a slowdown due to the on-going worldwide credit crunch, with diamond cutting centres and merchants around the world expecting sharp declines in business even in the normally buoyant Christmas season.

People in the diamond industry say signs of a slowdown are already visible in the global diamond industry. Youri Stevenrlynck, Chief Executive Officer, Dubai Diamond Exchange (DDE), said: "During any financial turmoil investors resort to parking their money in gold as a safe haven. While gold prices have gone up substantially, the same perception does not prevail in the diamond market. Diamond sales are down in the US, the largest diamond market in the world."

According to him, diamond merchants, traders and exchanges all over the world are cautiously watching the financial turmoil.

"All eyes are on the year-end diamond sales. A large chunk of the total annual diamond sales figure is formed by the last quarter sales. The current financial crisis may cause a decline in the annual diamond sales," Stevenrlynck said, adding that even 9/11 failed to dampen diamond sales as much as the present situation is expected to do.

"After 9/11, everybody thought annual diamond sales would come down. However, diamond consumption was not affected. So far diamond sales in Dubai are not affected but if the US sales come down, the cutting centres in India will feel the impact."

It is a tense period for diamond merchants and companies, who have offices and shops in the US, Antwerp and India. During critical times and high inflation, only some big investors may buy big carat diamonds as an alternative investment. Unlike large-scale gold purchases as a safe haven, diamonds are not popular among retail investors for the same purpose. Investing in big diamonds is also limited by the liquidity factor, which is running very low at present.

ABN Amro, a leading financier of the diamond trade, was acquired by a consortium of Fortis, RBS and Santander in October 2007. In the first week of October this year, the Dutch government purchased Fortis' stake in ABN Amro, which included ABN Amro Netherlands, the International Diamond and Jewellery Group and ABN Amro Private Banking Belgium. Fortis and RBS are reportedly victims of the financial crisis. ABN Amro has been closely related to the global diamond and jewellery industry for about a century.

"The financial crisis has not affected the local banks operating in the DDE," Stevenrlynck said.

The exchange, an emerging hub for diamond trade, had recently recorded remarkable growth in the diamond business due to high oil price that created ample liquidity in the region. But diamond traders are keenly watching the oil price movements. Stevenrlynck said the assurance given by the UAE government about the safety of bank deposits will boost investor confidence in the UAE banking system.

Rajesh Rathod, Manager, Arpee Gems DMCC, exporter and importer of loose diamonds, said. "The diamond trade is in turmoil because nobody knows what will happen tomorrow. Consumers who want to buy diamonds are waiting for prices to come down because they see prices of other commodities such as gold and oil coming down. In the case of diamonds, raw material costs cannot come down and therefore there cannot be a fall in prices."

According to Rathod, many diamond firms in the UAE and India have offices in the USA where the Christmas diamond sales generate the maximum business for small polished diamonds. In an atmosphere of economic recession and growing unemployment, spending on luxury products is the first thing to be slashed by consumers.

Sajith Kumar, Vice President, JRG Commodities, said that unlike gold, which investors consider a safe haven during crises, diamonds are not actively traded commodities. "Due to differences in standardisation, diamonds are not actively traded in the UAE or other commodity markets."

In India, a major manufacturing centre of the diamond and jewellery industry, diamond workers in Surat, Ahmedabad and other cutting centres went on strike recently demanding wage hikes to compensate for high inflation, which was agreed upon by their employers. Also, share prices of jewellery and diamond companies listed on the Bombay Stock Exchange fell sharply. Indian diamond exporters who have taken dollar loans now have a tough time because of the rupee's rapid depreciation.

An industry source said: "About 50 per cent of the world's polished diamond sales is in the US market. The volume of jewellery and diamond exports from the export units in Jaipur, Rajasthan, is down by almost 50 per cent because of the global recession. The volume may come down further if the problems continue. Indian diamond cutting units, which expanded capacity in anticipation of a big growth in US market, have started cutting down expenses by retrenching excess staff."

Rs 4.5 lakh jewellery stolen from house

Burglars gained entry into a house at Hyderguda under the Rajendranagar police station limits and decamped with Rs 4.5 lakh worth jewellery on Thu rsday night. Deepak Pathak, an employee of an NGO, lives in an independent house at New Friends Colony phase-II at Hyderguda. At 8.15 pm on Thursday, Pathak, along with his family members, went to his relative’s house. When he returned home at 12.15 am, he found the door lock broken open. About 40 tolas of gold jewellery were stolen. On receipt of news, police rushed to the spot and took up investigation, said Rajendrangar SI (crime) Md Hussain.

Ancient High House in Stafford Holds First Jewellery Fair

(Source: Sentinel, The (Stoke-on-Trent UK))Crown Jewels: An historic house in Stafford is to host a jewellery fair this weekend.

Visitors to the Ancient High House will be able to browse dozens of stalls at the fair today.

This is the first time the Stafford Borough Council run museum has hosted the event. A large range of jewels, gems, gold, silver and handcrafted jewellery will be on display. There will also be jewellery workshops - for those who like to have a go themselves.

Mark Hartwell, heritage sites manager for the borough council, said: "This is a great opportunity for Christmas shoppers to buy that special gift for their friends and loved ones - or, of course, to treat themselves to some of the beautiful items on display."