Gems, Jewellery Exports Picking Up In Major Markets

Gems and jewellery exports reached the pre-COVID levels in November and December as the demand picked up in all major markets, including the US where the spending on Thanksgiving Day rose by nearly 22 per cent, the Gem and Jewellery Export Promotion Council (GJEPC) said on Friday.

“The New Year has brought in good news on many fronts. On the business front, demand for gems and jewellery picking up in all major export markets. Jewellery was the highest selling luxury product in China in 2020 and on the Thanksgiving Day spending in the US rose by nearly 22 per cent year-over-year to USD 5.1 billion, hitting a new record,” GJEPC Chairman Colin Shah said at the inaugural of the second edition of India International Jewellery Show (IIJS) Virtual.

Shah said India’s exports of gem and jewellery were back to the pre-COVID levels in November and December.

“I am sure that in a couple of months down the line, we will see more stable economic activities across the world which will further boost the gem and jewellery sector’s growth,” he added.

The first edition of IIJS Virtual, organised in October 2020, saw over 10,000 visitors and a business turnover of around Rs 1,000 crore, Shah said adding that “this surely has set a benchmark for us and our expectations from the second edition are high and we expect it to surpass the business generated in the first edition.” The IIJS Virtual 2.0 have 250 exhibitors and over 8,000 registered buyers including international buyers from the US, the UK, UAE, Singapore, Bangladesh, Nepal, Hong Kong, Belgium, Sri Lanka, Thailand among others with more than 15,000 meetings to be held over the five days of the show.

Historic 1939 World’s Fair Necklace with Newly Acquired 80-Carat Diamond

If diamonds are a girl’s best friend, then this is one heck of a companion.

The fine jewelry empire has acquired an 80-carat diamond, described as “an extraordinary oval diamond,” that it will use to reimagine a beautiful piece it created for the 1939’s World Fair in Queens, New York. The sparkly stunner is the largest diamond that the company has ever offered, surpassed only by The Tiffany Diamond, the famed diamond discovered in South Africa in 1877 that was acquired the next year by founder Charles Lewis Tiffany for $18,000 and is famously not for sale. According to Town & Country, this new diamond is expected to fetch more than $10 million.

Tiffany plans to unveil the reimagined 1939 necklace with this yet-to-be-named diamond when its flagship location on 57th Street and Fifth Avenue in Manhattan reopens in 2022. “What better way to mark the opening of our transformed Tiffany flagship store in 2022 than to reimagine this incredible necklace from the 1939 World’s Fair, one of our most celebrated pieces when we opened our doors on 57th Street and Fifth Avenue for the first time,” said Victoria Reynolds, Tiffany & Co. Chief Gemologist, in the company press release. “The new necklace perfectly reflects our brand heritage as a New York luxury jeweler, whose founder was known as the ‘King of Diamonds.'”

When the original necklace which showcased a prominent aquamarine gem surrounded by diamonds in lieu of a central diamond — was presented at the 1939 World’s Fair, millions were said to flock to the dazzling piece and marvel at its beauty. The spectacle took place on the eve of Tiffany’s opening its signature outpost on Manhattan’s tony Fifth Avenue in 1940. Now, a similar moment plays out as jewelry fans eagerly anticipate the reopening of Tiffany’s iconic New York City flagship location next year and the new necklace.

A 2022 trip to the Big Apple to browse some diamonds and check out the reenvisioned World’s Fair necklace? We sure hope the pandemic is well behind us by then, and we can make like Audrey Hepburn on a whirlwind adventure of our own.

Do You Know Enough About Moissanite Engagement Rings?

An engagement ring is one of the most precious things that symbolizes the most memorable moment in our lives. You don’t need nor give a thought about them until a certain point in life. But when that moment arrives, you can’t resist but dream about buying the best engagement ring that you can. An engagement ring is of such significance as it bonds two people emotionally. It is the beginning of an exciting new chapter filled with commitment, shared dreams, and future. What’s more exciting than this?

There is a huge variety of engagement rings available in the market with exclusive designs. Many are studded with rare gemstones on gold, silver, platinum design. It’s entirely upon you what kind of engagement ring you choose which matches the preference of your “soon to be” life partner. You might think of going for the diamond-studded ring but other great alternatives are equally exclusive as a diamond ring. And also very affordable from the price point of view.

Moissanite – What It Is?

You can discover moissanite by accident, and it still never fails to impress you right away. It is much popular now than it was before. This incredible gem has caught the attention of a wide variety of people from the entertainment industry to the general public. You can find your favorite celebrity wearing a moissanite ring which you can mistake as a diamond ring because it is a diamond simulant made of silicon carbide.

Moissanite, known as the most durable crystal structure, has been quite attractive to the scientific eye ever since its discovery. Unlike other synthesized gems, moissanite does not exactly simulate diamond but still surpasses it in many ways. Due to its fierce sparkling, luster, twinkling, and brilliance, scientists said it was “born from the stars.” These features make moissanite a gem that is comparable to no other gemstone on earth. It has the potential to withhold its optical properties even for the coming 100 years from the moment you buy it. So for those who say “a diamond is forever,” you have other options like moissanite which is going to last for a very long time.

Moissanite – Comparable To None

A higher refractive index amounts to higher brilliance emitted by the jewel. Moissanite’s refractive index is 2.65, which is considerably higher than sapphire, CZ, diamond, and other stones, thereby making it the most delicate gemstone on earth. Moissanites fire is more than twice that of a diamond and hence make moissanite engagement rings even more impressive. Moissanite has high clarity and low inclusions irrespective of the shape and size, whereas only 10% of diamonds have this feature while all others fall behind. The magnitude of the light reflected by the observer gets termed as luster. Moissanites have 50% and 18% higher brilliance than CZ and diamond, respectively. Moissanite engagement rings shine and sparkles in such a way that it leaves behind none without attracting their attention. So you have a gem that is not less than all other sparkling, twinkling gems.

Why Choose Moissanite?

There are many reasons why one should go with moissanite rings as their best option while selecting an engagement ring. Compared to its alternatives in the market, the moissanite ring is cost-effective and offers much better endurance and beauty. So instead of shelling out a hefty amount on buying a diamond ring buying a Moissanite ring have high durability as they last, literally, forever without losing their brilliance and fire. What can be a better option to symbolize your love? Moissanite engagement is forever, hence it is a perfect engagement ring for couples made for each other.