Last updateWed, 15 May 2019 3pm

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Gold nugget worth £10,000 uncovered in Scotland is the biggest discovery in decades – but the man who found it almost THREW it away

gold nuggettA gold nugget worth a staggering £10,000 was almost discarded by the lucky man who pulled it from a river in Scotland.

The hunk of precious metal - thought to be the largest found in Scotland in seven decades - was discovered by a Canadian gold panning enthusiast in a river near Wanlockhead, in Dumfries and Galloway on Thursday morning.

It is believed the 20-carat nugget, which weighs around 18 grams, will spark a gold rush in the area.

Reporting cash transactions; file electronically for security and speed

By Suzan Flamm, Senior Counsel Jewelers Vigilance Committee

(NEW YORK) - Our industry has long been familiar with the obligation to report to the U.S. Treasury Department when sellers receive over $10,000 in cash. Some companies submit many 8300 Forms every year documenting these transactions, and others rarely receive large quantities of cash and thus only infrequently file. No matter the frequency of filing, however, the forms can be submitted electronically.  Not only is this the method preferred by the government, it has several advantages over paper filings sent by mail. 

Jewelers of America adds new GEM Award for Watch Design category

Submission period opens for 2016 Award nominees

(NEW YORK) - Jewelers of America (JA), the national association for businesses serving the fine jewelry marketplace, has announced the addition of a GEM Award for Watch Design to the 14th Annual GEM Awards gala taking place on January 8, 2016, at Cipriani 42nd Street in New York. The GEM Award for Watch Design will honor either a well-established or emerging brand which has an extraordinary design aesthetic and/or has made significant technological advancements in the field of watches. GEM Awards – considered the Academy Awards of the jewelry industry – honors the achievements of individuals and companies whose work raises the visibility of fine jewelry and watches.