Category Archives: Diamonds

Recycled diamonds

The recycling of second hand diamonds has become a big business! I know in my store, the prices of diamonds from cutters and dealers has become too much for many modern engagement customers. I have been buying and selling second hand modern diamonds as well as old mine cut and old european cut diamonds for years.

A world market in second hand diamonds has emerged and is growing rapidly! There is a large selection (called a tender in the diamond trade) will be auctioned early next month in New York by White Pine Trading.

“We afford buyers a large-scale platform featuring a broad assortment of diamonds, and we consolidate large quantities of goods and allow buyers to bid solely on what they want to purchase,” said White Pine Trading LLC CEO Benjamin Burne.

“[S]ellers will have the opportunity to leverage the depth of our experience, as we offer advice and sorting services designed to help maximize value. Additionally, we will actively work to qualify buyers that will pay sellers competitive industry prices.”

As reported On INEX website, In his 2011 diamond pipeline, industry analyst Chaim Even-Zohar estimated that recycled diamonds sold back to the jewelry sector came to about $1 billion last year, which represents 4.4 percent of all polished diamonds sold at polished wholesale prices.

White Pine buys recycled, polished diamonds of all sizes and grades, either loose or in second-hand diamond jewelry. It re-polishes chipped, damaged or poorly cut diamonds, which it then either uses in jewelry or offers for resale.

It is harder work for retail jewelers to find the most popular shapes, sizes and cuts in second hand diamonds, but when available, these diamonds can represent the only great deals in the industry!

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Why Diamonds Are A VC’s New Best Friend

The following article is re published from article released by “Business Insider”

http://www.businessinsider.com/online-jewelry-industry-booming-2011-7

If in 1999, investors weren’t convinced that shoppers would buy a diamond ring online, the gleam is certainly in their eye today. eCommerce has been one of the most active segments, with 67 merger and acquisition transactions topping $6 billion thus far in 2011 vs. $180 million in the same period in 2010 according to investment bank Petsky & Prunier.

Within eCommerce, one of the segments which is gaining traction and investment favor is jewelry. Since late 2010, Gemvara, Stella & Dot, Baunat and BeachMint have all secured major funding rounds ranging from $4 to $40 million. And jewelry is an active segment in the fast-growing fashion flash sale business which includes such heavily funded websites as the Gilt Groupe, which recently raised $138 million, Beyond the Rack, Hautelook, Ideeli, Modnique, Rue La La, and My Habit.

The VC funding activity in jewelry is supported by research from Forrester, which includes jewelry as one of the fastest growing eCommerce segments through 2014. As a product category which initially started slow online (when compared with books for computer equipment), jewelry is now enjoying strong growth for several reasons:

Increased Shopper Confidence: Twelve years ago, investors were skeptical if shoppers would flock online to buy big ticket items. But the growth of eCommerce since the late 1990s has proven that consumers will buy anything online which they used to buy in-person. Through mechanisms like merchant reviews and based on an overwhelmingly positive shopping experience, shoppers, who first dipped their toes into online commerce with the purchase of a book or a T-shirt are now willing to place their trust in online merchants in the same way they trust a local shopkeeper.

Customization: A big benefit for online jewelry retailers versus local jewelers is the ability to create customized jewelry based on shopper requests. With most local jewelers buying directly from a few wholesalers, they usually don’t have the design and manufacturing contacts to create and manufacture customized jewelry. Furthermore, a one or two store operation usually lacks the scale in order to make such an operation profitable, and the wholesalers who supply their jewelry are focused on selling existing (and not customized) jewelry through their pipeline. For an online jeweler, customization can be a point of differentiation around which the company was developed. And in the same way that local jewelers historically built their business by knowing the tastes of their local clientele, online jewelers have established their businesses based on the ability to source jewelry from a broad range of international suppliers to improve cost efficiencies and create product differentiation.

Product Selection: As with customization, product selection is another area where local jewelers face challenges when competing with online jewelers. All an online jeweler needs to do to add a new product is to upload a picture and description of the product. A local jeweler, on the other hand, must physically obtain the product and then merchandise it in-store. The ease in which new products can be added and removed enable online retailers to add and then tweak entire product lines with ease, facilitating much more fluid merchandising opportunities. This issue is magnified when it comes to loose diamonds. Online stores can hold a virtual list of diamonds, thus enabling them to exhibit tens of thousands of loose diamonds for sale. Needless to say that no brick and mortar store can hold such inventory.

Improved Product Displays: In 1999, most online shoppers accessed the Internet through a dial up modem. Today, with almost all shoppers using broadband Internet,and advancements in 3D imaging and graphic displays, shoppers can really see how the ring or necklace will look.

Better Customer Service: One of the reasons for the improved shopper confidence is undoubtedly the improved customer service. In 1999, most shoppers had to log off an eCommerce website and their dial-up Internet service in order to free up their phone line to make the phone call to call customer service, if the website even published a number to call. Today, most online retailers offer shoppers a range of options, including real-time chat, FAQs and toll free numbers to customer service, all available 24/7, and often in several languages. Along with these pre-shopping services, online shoppers also benefit from free shipping from many online retailers on many items, and very liberal return policies.

Though social and mobile shopping applications are also helping all online retailers, including jewelers, it’s the aforementioned improvements in online retailing which are driving the newfound interest and investment in online jewelry companies. Yes, Ms. Monroe certainly had it right, but watch out girls, diamonds just may be an investor’s new best friend.

Read more: http://www.businessinsider.com/online-jewelry-industry-booming-2011-7#ixzz1SVJVK14f

Major advancement in online jewelry sales

This idea is a major move forward in the world of online jewelry sales. A  step in overcoming the anxiety of not being able to see and feel what you are buying on the internet. If this company can make these “samples” nice enough to really do the selling once received, this company has hit a homerun! If you are a brick and mortar only operation, it is time to take the internet seriously or buy some stock in Eternity Diamonds .

Stuller diamonds? There’s an app for that

The following is reprinted from National Jeweler

By Teresa Novellino

June 15, 2009

Stuller's "Live Diamond Try-On (brought to you by Red Box Diamonds)" iPhone application allows users to pick out a diamond engagement ring, try it out for size using an image of their own hand, share the image with friends and find a jeweler to buy the ring from.

Stuller's "Live Diamond Try-On (brought to you by Red Box Diamonds)" iPhone application allows users to pick out a diamond engagement ring, try it out for size using an image of their own hand, share the image with friends and find a jeweler to buy the ring from.

Las Vegas–Stuller has partnered with Gemvision Corp. on an iPhone application that allows users to pick out a diamond engagement ring, try it out for size using an image of their own hand, share the image with friends and find a jeweler to buy the ring from.

IPhone users can choose from among thousands of downloadable applications that allow them to use their phones while on the go to do everything from play video games to manage their money to get workout tips.

Soon to be added to the list is the diamond ring application unveiled by Stuller during the Las Vegas jewelry shows, which is called “Live Diamond Try-On (brought to you by Red Box Diamonds).” The application will be offered for free to iPhone users beginning in late summer via the iPhone store, said Kerry Hand, Stuller’s executive director of marketing services and public relations.

Hand and Ryan Koning, director of advertising, communications and events for Gemvision, demonstrated how the program will work.

The first step is to use the iPhone’s touch screen to go to the application, which then prompts a user to choose a diamond by carat size and shape, and then a mounting by precious-metal color, either white or yellow. There are a limited number of ring styles currently available through the application, but these include classic styles and additional choices that feature side stones.

After the user has made a diamond and precious-metal color selection, it’s time for the try on. The user then takes a picture of her hand using the iPhone camera. Then, using the iPhone’s touch screen, the user can position the ring onto the picture of the hand, adjusting for a perfect fit. The iPhone can also be held directly on the hand with the image tilted to enjoy the “sparkle” of the diamond image.

The image of the person’s hand, with the chosen ring, can now be e-mailed to friends and family, posted on Facebook, Twitter, etc.

At this point, the iPhone user can also track down where to find the ring through the “find a jeweler” function of the Live Diamond Try-On application, which uses the phone’s GPS function to pull up Google maps and place virtual pins on the nearest Red Box Diamond Jewelers, ranking each one selected based on proximity, Hand says.

“This is the beauty of the application. It drives consumers to dream big and them pushes them to spend big with Red Box Diamond retailers,” Hand says.

The new application is one of a number of new programs Stuller is offering that are designed to let jewelers take advantage of digital technologies to give consumers expanded options. During the JCK Las Vegas show, Stuller also unveiled the Virtual Diamond Selector program, which allows retail jewelers to go online with customers to choose from 10,000 diamonds by size, shape or color, and the Customized Earring Program, which provides retail jewelers with the chance to customize a pair of diamond earrings exactly the way the customer wants them.

Another new option, Stuller’s 3D Ring Engraver, allows retail jewelers to personalize a wedding band while sitting in the store with their customer, who can choose a unique message and a particular font, and then get a dynamic 3D preview of what the ring will look like once it is inscribed.

Jewelers who are interested in being part of the iPhone application must be Red Box Diamond jewelers. For details, contact Stuller via e-mail at info@stuller.com or by calling (800) 877-7777.