A favorite retailer closes
Posted by Whitney Sielaff on July 31, 2009Exhausted enough from JA New York show week to feel a bit like crying on bad news. One of my favorite independent retailers has closed its doors for good.
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Exhausted enough from JA New York show week to feel a bit like crying on bad news. One of my favorite independent retailers has closed its doors for good.
At the JA New York Summer Show, jewelry designers continued to experiment with silver and also offered new takes on old favorites, especially diminutive versions of bestsellers. Stacking and layering pieces remain staples. And, as for stones, quartz is taking its turn in the limelight.
In miniature:
So I found out yesterday that we’ve lost two more industry publications.
Cygnus Business Media announced Monday it was "suspending" publication of four titles and that, unfortunately, happened to include Modern Jeweler and its high-end sister publication Lustre.
My heart goes out to everybody at Modern and all other industry journalists that have found themselves out of work lately.
In any case, I just wanted to blog a little bit about two interesting bits of industry news that haven't gotten as much press as one might have thought, perhaps because there's less and less of us to report the news.
Last week De Beers announced — in a move even the company acknowledged as “exceptional” — it was adding a Botswana sightholder in the middle of the contract period, Shrenuj Botswana (Pty) Ltd.
The Indian company will be taking over a struggling cutting and polishing factory in the capital city of Gaborone, saving 150 jobs and helping to keep this wonderful country's diamond industry humming.
I'm not exactly clear how swapping one company for another is going to save a diamond factory from extinction in this economy.
I can only speculate that Shrenuj must have a stronger downstream marketing campaign than its predecessor, perhaps targeting a segment of the economy or a part of the world where diamonds actually are selling right now.
This is Shrenuj Botswana's first go-round as a Diamond Trading Co. (DTC) sightholder though its parent company, Shrenuj India Group, has had a sight with the DTC since 1982.
This is an interesting move, for sure.
Earlier this year, as demand reached a near standstill and sights shrunk to microscopic levels, De Beers introduced the idea of siphoning off its extra rough on non-sightholders, causing many to wonder if De Beers would go back to some of the companies it cut in the last realignment.
But they eventually announced that they had abandoned that idea.
A De Beers rep in Botswana said De Beers doesn't anticipate adding any more sightholders, but I guess only time will tell on that one.
In other industry news, there is yet another jewelry industry organization out there, the International Diamond Board, which is essentially the diamond industry's answer to making De Beers’ iconic “A Diamond is Forever,” or something similar, forever.
This organization is supposedly going to bring everybody - the Russians, Australians, Israelis, Indians, Americans, Africans, etc. - together to figure out an advertising campaign that, quite simply, will make consumers want to buy more than just an engagement ring.
I think it's a cool concept and one that the industry definitely needs.
From a 30-year-old woman's perspective I can tell you that my friends and I don’t spend our money buying real diamond jewelry.
We’ll drop hundreds, even thousands, on designer handbags that are out of style/worn out/we are sick of in two years or cell phones that can do everything but cook dinner.
It truly is a better investment to buy fine jewelry, particularly diamonds, but that's something that needs to be pointed out to people, young women like myself in particular.
So good luck to the International Diamond Board, which I'll call "IDB."
I don't think those initials are taken yet.
I'm off to New Hope, Pa., to attend the wedding of a dear friend, one of my housemates from my mostly memorable days at Ohio University.
This wedding is just one of the many I have been involved with this year.
In each case, helping my friends with their jewelry dilemmas left me with a nice feeling, knowing I could use what I learned at this job to guide people through what can be a confusing and intimidating process.
In the case of my friend, who is marrying another OU Bobcat, I swam through one of the downpours that defined New York in June to Tejani's showroom, where I pointed out the set of bangles (costume, unlike like the fine pieces pictured here from the Diamond Information Center’s recent display) that she ultimately ended up getting.
She was looking at a cuff but, in the end, we decided the bangles would get more after-wedding use, as they can be broken down and worn individually or in smaller sets.
Around this same time, I was working my magic back in the office for more friends, a couple from my rec-league soccer team who decided it was time to take the plunge.
After many phone calls and e-mails back and forth, I helped hook them up with an exquisite 1-carat, E-color, cushion-cut stone, and they found the perfect setting for that stone at New York’s Greenwich Jewelers, which was also my recommendation.
This couple kindly took my boyfriend and I out for a completely unnecessary but totally appreciated thank-you dinner.
While, as previously blogged, I am not a big engagement ring person, I do have to say the stone looked gorgeous and was a perfect fit for her more antique-style setting.
No word yet on what this friend wants to wear accessories-wise on her wedding day, which is tentatively scheduled for Oct. 3.
As a side note, I am hoping this super-fun affair doesn’t conflict with another important set of fall nuptials, the wedding of my brother Jason, set for this fall in Boston.
The affair is so small—just immediate family—that no date has been set, but I’ll be going all Diane Keaton at the affair as the best woman.
(The bride's sister will be the maid of honor, while their brother is going to act as the officiant. This wedding is about as efficient and low-key as it gets.)
So far, Jason hasn't asked me to go jewelry shopping with him but, knowing my brother, my guess is he isn’t too pressed about what he’s going to wear.
Last Thursday, I trekked my happy, east-side self over to Manhattan’s west side for the Diamond Information Center’s annual diamond jewelry showcase extravaganza.
There were many pieces I wanted to take home (but won’t, as their price tag well outstrips my meager budget) and I thought the theme of this year’s event was extremely clever.
Titled “A Life in Diamonds,” the display took visitors through the milestone moments that may mark a woman’s life, from Sweet Sixteen to marriage to baby and so on.
Obviously, every woman’s life doesn’t follow this exact path, as some woman may (understandably so) never opt to get married, have children, etc., but the display does make a good point: There are many times in a woman’s life she can celebrate milestones, or simply herself, with a beautiful piece of diamond jewelry.
While it’s hard for me to pinpoint one favorite piece, I would have to say that I loved seeing black-diamond rings from one of my favorite designers, New York-based Catherine Angiel, who is both a fantastic artist and a cool person.
You can check out her designs here.
Personally, I am up in the air when it comes to engagement rings.
I understand the ring symbolizing the never-ending love and commitment between two people and I definitely would want to wear some kind of ring indicating that I was in such a relationship.
But I’m not fully convinced the woman needs an engagement ring and that she couldn’t just have a wedding band instead, saving her fiancé a lot of money that could be spent on other things, like a house or a trip.
I do know though if I did get one — a decision that isn’t just up to me, though I would have to say my current boyfriend makes marriage seem much more appealing than any of my exes — I wouldn’t go the traditional white diamond route and would opt for one of Angiel’s black diamond rings instead.
It’s just more me.
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