Cofounder of Phillips Jewelers passes away

After a long illness, co-founder Caroline Colaprete passed away at 95 years old. Caroline founded the store along with her husband Phillip in 1948. Her son, Art, is the current president of the company. Along with her son, she is also held up by a daughter, 5 grand children and 11 great-grand children. She had to come out of retirement at 85 and work until 90 years of age. According to an online obituary, memorials can be made to Elk Haven Nursing Home, 785 Johnsonburg Rd., St. Marys, Penn. 15857.

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Jaeger-LeCoultre Comes to TimeCrafters Boasting it’s amazing new collection

Jaeger-LeCoultre will be showing off its new Hybrid Artistica collection at TimeCrafters, a show boasting luxury watches, May 15-18. The collection was first introduced in Geneva at the SIHH show, now it is at  TimeCrafters for there New York premier, next the Shanghai Int’l Film festival, then London for the Masterpiece Fair, and finally Hong Kong for the Watches and Wonders show. This unique new collection boasts 12 exquisite, exceptional timepieces featuring exclusive watch craftsmanship combined with outstanding artistic ideas.  The company stated, “Each of the 12 models in the Hybris Artistica collection represents an unprecedented blend of design, technical construction, watchmaking art, and exquisite craftsmanship to achieve the point of equilibrium that dramatically expresses [Jaeger-LeCoultre’s] mastery and style.”

Pictured: The Master Gyrotourbillon I, one of the fine timepieces in this extravagant collections          

 

 

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What is in deed a perfect Diamond??

In order to find the perfect diamond for you, you must consider the 4 c’s: clarity, cut, color, and carat weight. The more you educate yourself about these, the more satisfied with your final product you will be. The perfect diamond would be an IF(Internally flawless) diamond and would have absolutely no color(D-grade colorless). These stones have no visible imperfections and are completely see-through. They are the most perfect, cleanest diamonds. Obviously stones of this nature demand a hefty premium, up to 40% for the same size stone a grade below. This brings up the next question, how far below from perfect are you thinking about going? The Diamond grading scale invented by the Gemological Institute of America, groups[D,E,F] together as colorless, [G,H,I,J] are near-colorless. With the obvious difference in color between D-J, a J grade stone will have a whitish tint to it. The color is graded face-down from one of the sides where the color is more visible and quite frankly it is immensely difficult to tell color flaws between stones with a difference of 1-2 grades. When it comes to clarity, IF(Internally Flawless), VVS(Very Very slightly included), VS(Very slightly included), SI(slightly included). These stones have imperfections that cannot be noticed by the human eye, therefore in some cases, a VS1 diamond could seem as clear as an IF diamond, but not always. The best thing to do is be practical, because of the small differences between grades, it is best to buy a diamond that fits your budget and with overall beauty that appeals you. Just make sure that you receive a GIA certificate and that your diamond is graded correctly and the value not exaggerated.

 

 

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Beautiful Kashmir Sapphire sets an auction world record at a whopping 28-ct

A marvelous 28.18 ct. Kashmir sapphire sporting beautiful emerald cuts sold for a hefty $5.1 million. 32 tapered baguette diamonds surround the sapphire on a extravagant ring. The head of Sotheby’s jewelry department in  New York, Gary Schuler, was also in awe, as he stated, “With its exceptional quality and deep color, I knew as soon as I saw it that the stone had the potential to reach historic heights.” The beautiful stone achieved a world record of $180,731 per ct., which is more than every before for a sapphire. The funds used for the sale of this exquisite piece will be given to charity. The auction also contained 15.23 ct pinkish/orangish diamond for $6.1 million, a 36.53 Colombian emerald, aka “el Dorado,” took in over $2.1 million and jewelry from the famous entertainer Eydie Gorm’s estate sold for $2.2 million.

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Arkansas houses a little hole in the ground with big treasurers… which you can keep.

The “Crater of Diamonds” park in Arkansas is a 37.5 acre stretch of land that attracts masses of tourists every year looking to take home a piece of the parks diamond treasurers. This park is the only diamond area in the USA which is open to the public and is the 8th largest diamond deposit in the world. David Anderson, who moved near the park because he saw a documentary about it on the Discovery channel, decided that this was the proper move for him so that he could heavily increase his chances of finding a diamond. He was correct, he has dug up more than 400 diamonds in the park along with his latest and greatest find, “The limitless diamond.” A 6.19 ct white diamond that Anderson uncovered after coming to the park right after heavy rainfall. This is the 15th largest diamond that has been uncovered at the park since 1972. Since a farmer named John Huddleston discovered this park in 1906, this has been a premier location for people looking for treasurers. Besides white diamonds, brown an yellow diamonds, quartz, amethyst, jasper, garnet, and hematite have all turned up at the park. If your feeling like a treasure hunter!! This is the place for you!

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Thinking about buying gold? This tip will save you money and get you on the right track!!

The main factor to consider while buying gold is how many karats(stamped on the piece as ‘k’ or’kt’) the gold jewelry you are buying is. Gold usually comes in 10,14,18 and 24 karat gold. 24 kt being the purest, most expensive and shiny but simultaneously the most malleable. My recommendation would be to buy 18 kt gold. 18 kt gold is the perfect mix between pure gold and other alloys to help keep it strong and prevent malleability. The lower the karat, the less gold and more metal is mixed in(ex. 12 kt gold is  50% gold and 50% other metals). 18 kt is perfect for jewelry such as wedding rings and earrings due to its high gold content which will prevent allergies for almost all, and the bolts and hooks will not come loose because the alloys in place will help them stay. 18kt gold will be easier on your pocket and on your rings and timepieces. When you see the ’18k’ or ’750′ stamp on a piece of jewelry you know you are on the right path!! Shopping for gold and diamond jewelry can get exhausting, but with the above information, success in your purchase will be yours!!

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The World Diamond Council Board felt it was time to elect new leaders to guide it in the right direction.

A new President, Vice president, and treasurer have all been added to continue to lead the World Diamond council on the right path. The head of the Royal Asscher diamond company of Netherlands, Edward Asschar, will be the new President. The vice president position will be given to Andrew Bone, head of government and industry relations for the De beers group. Finally, a U.S. Coalition representative and Diamond Manufacturers and Importers Association of America president, Ronnie Vanderlinden, will be appointed treasurer. Asscher stated in an interview that he is grateful to continue the work of those before him and to continue to prevent fraud diamonds from coming into circulation. He needs everyone to continue to have faith in the companies work and that they are staying focused on the mission to continue to show the up and coming young adults in the jewelry business how it’s done.

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Sotheby’s sells a rare brilliant, beautiful stone for $16 million

Sotheby’s broke there own record this year compared to there 2011 Geneva show by selling there brilliant 100.9 carat daffodil-yellow diamond ring for $16 million dollars. This beautiful piece, called “Graff vivid yellow” brought in more money more than the 110 ct. “Sun drop” yellow diamond which brought in $12.3 million dollars at there 2011 show. David Bennett, chairman of Sotheby’s Switzerland and the jewelry department for Europe and the middle east, claims that its immense size and outstanding color gave the Graff vivid yellow it’s hefty price tag. This yellow stone also set the record bringing in $141 million for the auction, a record for any jewelry auction as of today. Other magnificent stones sold at the show include a internally flawless d 25.32 ct. diamond priced at $5.5 million and a marvelous 12.07  ct. pink diamond ring let go for $6.04 million.

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After selling sham jewelry for 16 years, culprit finally comes clean

According to National Jeweler Magazine, a 47 year old New York Jeweler, Paul Blarr, admitted to selling counterfeit jewels at his two businesses: RSNP Diamond exchange and Amherst Diamond exchange. Blarr pleaded guilty as charged with 1 count of “scheme to defraud” and 10 counts of “grand larsony.” $630,000 and 89 victims later, he now faces up to 50 years in prison. There will be further investigation into the case along with  jewelry which was trusted to Barr to sell or repair being returned to the proper owners. His attorney spoke out and said that the judge recognizes his bravery for speaking out and realizing that he is not running away from the situation. The attorney also mentioned that the $630,000 could have been inflated due to using appraised values.

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40.5 ct Golconda Diamond headlining Auction in Hong Kong

A rare diamond necklace called “The eye of Golconda” is headlining the Hong Kong show.  This necklace features the largest Golconda diamond to ever be auctioned off  in Asia, 40.5 kt, along with a smaller Golconda diamond, 6.76 ct, as well as emeralds. This necklace can be yours for 8.5 million- 10 million dollars, the estimated sale price. Along with these extravagant pieces, other stones that are being auctioned off include a 9.38 ct pear cut pink diamond for 5.8-8.3 million, 2 flawless brilliant-cut diamonds estimated at 4-6.5 million. One 26.2 and the other 26.08 ct. Not to mention a 3.8-6.5 million dollar jadeite bangle along with many other diamonds in a variety of colors.

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