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10 Interesting Facts About Gold

Comparison gold v pyriteTo keep things light since it is vacation season, we decided to write something a little different for this week's blog.
Some interesting facts about our favorite precious metal.

Facts about GOLD :

1. Production: China is currently ranked #1 for gold output worldwide, Russia is #2.

2. Absolutely pure gold is so soft that it can be molded with your hands.

3. Gold is very rare when compared with diamonds

CLICK HERE to read the full article.

 


Stuller launches new features on Stuller.com

StullerDigital solutions engineer makes doing business even easier

(LAFAYETTE, La.) - In response to customer requests, Stuller has added a number of new features to its website, Stuller.com.

 “Advancements in technology are helping shape the current state of the industry,” says Kevin Metz, chief marketing officer. “We serve over 40,000 jewelry professionals worldwide, so it’s important that we continue to make doing business with Stuller as easy as possible and that includes our website experience.”

While the manufacturer continuously makes updates to product imagery and details, several major new features have recently been implemented including:

Jewelers of America Seeks Participation in Cost of Doing Business Survey

Participating jewelers will receive a free customized benchmarking analysis report

JA(NEW YORK) - Jewelers of America (JA), the national trade association for businesses serving the fine jewelry marketplace, has opened its annual Cost of Doing Business survey, at ww.profitplanninggroup.com/jewel and is asking retailers to take the survey by August 15. Retailers’ participation in the survey is essential as it informs the Jewelers of AmericaCost of Doing Business Report, an important industry report and benchmarking tool – the only one of its kind. Retailers who complete the survey receive a customized Performance Analysis Report and will be entered into a weekly drawing to win $500 in cash.

New online auction technologies benefit jewelers

New technologies have provided many new benefits to US jewelers, but have also created new challenges. In today’s marketplace, jewelers are working in a very competitive low-margin environment, where selection is vast and cash flow is critical. Online jewelry and diamond auctions provide a new and exciting way for jewelers to buy and sell diamonds at the best possible prices using a no risk process.

While auctions have been a known and successful outlet for quite a while, whether its local auction houses or web based like eBay, using new technologies allows for industry dedicated platforms to provide jewelers with much greater benefits.

Man Finds Lost Wedding Ring 15 Years Later While Planting 'Lucky' Bamboo

lostringForget having a green thumb while working in the yard — this man’s ecstatic to have a golden finger.

While planting bamboo in his backyard, Maan Moughawech, of Bloomfield, New Jersey, stumbled upon something he thought was lost forever — his 22-karat gold wedding ring from 15 years ago.

“Yesterday, I decided I wanted to plant bamboo in the corner of the backyard. While digging a hole to plant it, I saw something yellow and shiny in the dirt,” Moughawech told ABC News of his unexpected discovery. “I kneeled down to inspect it, and I instantly knew that it was my lost ring!”

CLICK HERE to read the full story.

 

Rapaport reports diamond prices decline in June

RAPI for 1ct. laboratory-graded diamonds -1.6% in 2Q

(NEW YORK) - Diamond prices continued to soften in June with many categories trading at deep discounts to the Rapaport Price List. Markets were relatively quiet as U.S. demand after the JCK Las Vegas show was weaker than in previous years, and Far East demand remains cautious. Diamond manufacturers are under pressure and continue to lose money on their rough supply. The RapNet Diamond Index (RAPI™) for 1-carat laboratory-graded diamonds fell 0.9 percent during June. RAPI for 0.30-carat diamonds declined 2.5 percent and RAPI for 0.50-carat diamonds dropped 2.6 percent. RAPI for 3-carat diamonds decreased 1.7 percent.
RAPI for 1-carat diamonds fell 1.6 percent during the second quarter of 2015 and on July 1, 2015 was down 15.3 percent from a year earlier.

 Rap

Saxon's Diamond Centers Announces Let It Rain Promotion Winners

Saxons(BEL AIR, Md.) - They say rain on your wedding day is a sign of good luck. Greg Hunter and Megan Gernand can attest to that.

Greg and Megan recently won the Let It Rain promotion sponsored by Saxon’s Diamond Centers in Bel Air and Aberdeen, Maryland. According to promotion guidelines, participating couples who purchase an engagement ring from Saxon’s can get a refund of up to $3,000 if there is an inch or more of rainfall in Baltimore on their wedding day. On June 20, 2015, Greg and Megan’s Wedding Day, The National Weather Service in Baltimore recorded 1.92 inches of rain.

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