Archive for the ‘ Jewelry Industry ’ Category

More Details on Christie’s Elizabeth Taylor Jewelry Auction

And as the best kind of details are visual, enjoy the gorgeous photos of some select items int he collection, courtesy of AP Photo/Richard Drew. To view the entire album at CBS News’ site, click here.

Liz Taylor's jewelry, Christie's, Auction, Raymond Lee Jewelers, Estate Jewelry

Liz Taylor, Elizabeth Taylor, Jewelry, Estate Jewelry, Christie's Auction

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Industry Update: Diamonds May Surpass Gold for Investing

A scattering of "brilliant" cut diam...

Image via Wikipedia

According to David Parkinson of The Globe and Mail , there’s a sly little gemstone sneaking up stealthily behind gold to become the big-ticket investment grab of the year. While gold can’t seem to stay out of the headlines, diamonds have been steadily gaining Wall Street-cred in their own right.

Traditionally, diamonds and gold move in the same direction on the charts, but since the 2008 financial crisis, gold has skyrocketed thanks to its reputation as a solid way to store wealth. Diamonds, meanwhile, experienced “a recession-driven drop-off in jewellery sales” that weighed heavily on their market value. But over the course of the last year, diamonds are again trending upward as investors start to realize that diamonds may just be an even better investment than gold.

“Diamond companies look underpriced versus gold, [platinum group metals] and silver (SI-FT) stocks on a [price-to-net-present-value] basis,” wrote Edward Sterck, diamond-producer equity analyst for BMO Nesbitt Burns in London, in a recent research report.

Whether diamonds are actually a sounder investment than gold is debatable, but according to analysts “the outlook for gems looks strong on a good old fashioned supply-and-demand basis.”

Since 2006, the mining and production of diamonds has dropped off significantly. Diamond producers aren’t actively seeking new mines, or even doing much with those they’ve already established. Rather, they’re depleting the existing supply of diamonds, while a new demand lurks on the Eastern horizon.

China and India are producing a surge of new consumers eager to buy jewelry, which is viewed as a long-lasting investment especially in their cultures. According to the Globe and Mail, “Last year, diamond demand jumped 31 per cent in India and 25 per cent in China.”

Meanwhile, in the U.S., the diamond demand jumped 7% in 2010 – solidifying diamonds as a sound investment for wealth and not just the jewelry box.

To read more, visit The Globe and Mail’s website.

Liz for Raymond Lee Jewelers, your trusted source for jewelry industry updates, news and trends.

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Rado to Collaborate with Malan Breton for Fashion Week

With Mercedes Benz Fashion Week just around the corner, editors, bloggers and fashion fiends alike are gearing up for a whirlwind of fabulous shows. Designers will exhibit their creations solo and collaborate for high profile shows, and one that we’re very excited about is the partnership between Rado and Malan Breton.

Breton, also a columnist for OK! Magazine and contributor to the New York Times, will feature the Swiss watchmaker’s designs with each of the 33 looks he sends down the runway on September 13th.

Breton's Spring 2009 Show

Models from Rado’s classic collections like Sintra, Integral, D-Star and Ceramica will be paired with the designs, along with styles from Rado’s newest line, Rado True Thinline.

Rado thinline Raymond Lee Jewelers

Rado's new Thinline collection

 According to Matthias Breschan, brand president of Rado, “Breton understands the importance of using materials and techniques in new and different ways in order to create something uniquely beautiful. We are very excited about this partnership and to present our watches alongside Malan’s brilliant collections.”

Liz for Raymond Lee Jewelers, your trusted source for pre-owned luxury watches.

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Industry Update: Jessica Simpson to Debut Fine Jewelry Collection

When Jessica Simpson stepped onto the scene in the late 90’s as one of the day’s pop-starlets, not too many people would have guessed that a decade later she’d be at the helm of a fashion empire.

Jessica Simpson, jewelry, raymond lee jewelers

Courtesy of US magazine

The blonde beauty has turned her Jessica Simpson Collection company into a billion-dollar firm, encompassing clothing, shoes, handbags and accessories. Her denim line is sold in more than 650 department stores, and apparently consumers truly cannot get enough of the J. Simps brand.

Zales announced earlier this week that in October 2011 it will debut a collaboration with Jessica Simpson and Firestar Diamonds called “Diamonds are a Girl’s Best Friend.”

“Jessica Simpson is viewed as the girl next door, and our guest is a midmarket guest and we believe she is someone that they can identify with. She has great reach and great power across a number of different categories, so doing a diamond fashion collection made perfect sense,” Zales’ CEO Theo Killion tells Women’s Wear Daily.

The line will feature pendants, rings, bracelets, earrings, and bangles in gold, silver and diamonds, and prices range from $79.99 to $999, making the line easily accessible to Simpson’s enormous fan base.

White gold and diamond heart pendant from Simpson's collection

Jess tells Woman’s Wear Daily: ““I love that a piece of fine jewelry can be passed down from generation to generation. I cherish the pieces that were given to me, so it is really special to be able to design my own.”

RLJ readers, are you excited to see this line of fine jewelry? Are you a fan of Jessica Simpson’s fashion empire?

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Wedding Wednesday: Engagement and Wedding Jewelry Trends for 2011

Key Trends from The Knot & WeddingChannel.com’s Bridal Jewelry Study

engagement statistics, average cost of engagement ring, raymond lee jewelers

Stats via MarketWatch.com

Yesterday, TheKnot.com and WeddingChannel.com released the results of its Engagement & Jewelry Study, which surveyed more than 10,000 U.S. brides and 1,000 U.S. grooms engaged or married in the past year. This study is the most comprehensive survey of wedding jewelry purchases, and shows some clear trends for 2011 – Raymond Lee Jewelers breaks it down.

Most Grooms Aren’t Basing Their Budget on the Economy

With the economy making a measly recovery (on a good day) one would think that engagement ring sales would have taken a big hit, but grooms aren’t skimping on the most important purchase of their lives. Only 14% of men said that they had purchased a less expensive ring due to the shaky economy. The average cost of an engagement ring is around $5200, down only $600 from 3 years ago, while the luxury engagement ring segment spends an average of $13,500.

Round Rings Rule

Rounds remain the most popular choice for engagement rings with 53% of brides opting for a round diamond. The luxury segment prefers rounds even more, with 57% of luxury engagement rings featuring round diamonds. And while princess remains the next most popular cut, cushion cut diamonds are trending for both the typical engagement segment and luxury segment.

Among the Luxury Segment, Tradition is Tops

Perhaps the reason that rounds shine brighter among the luxury segment is their classic shape. Also, luxury engagement rings feature larger center stones and might only require one large, solitaire round to make a statement. Another tradition among those who live luxe? Grooms asking the bride’s father for permission – a whopping 80% of them asked Pops before popping the question. One tradition that spans across both segments? Getting down on bended-knee: 77% of grooms opted for this.

Uniqueness is Prized

Grooms are choosing to add personal elements to pre-existing ring designs or to commission original designs. 41% of grooms, and 59% of grooms within the luxury segment, are adding to or creating new designs. Additionally, while white gold remains the most popular metal, grooms are favoring metals like tungsten and titanium in their rings.

Grooms are Sticking to Brick and Mortar Stores

Only 9% of grooms purchased their rings from online retailers, while 35% of them bought the ring at a national jewelry chain. Local and independent jewelers, like Raymond Lee Jewelers, accounted for 39% of all groom’s engagement ring purchases. And regardless of the name on the receipt, brides are gently nudging their beloveds towards “The One”, with 65% admitting to being “somewhat involved” and 31% “very involved.”

Jewelers, what kinds of trends have you noticed in engagement and wedding jewelry sales? Brides & Grooms, share with us your purchasing process in the comments below.

Liz for Raymond Lee Jewelers, South Florida’s choice for pre-owned luxury engagement rings.

Tubular Tuesdays: In The Shop

A Picture Perfect Peek at Three Tremendous Timepieces of the Raymond Lee Jewelers Inventory… Today.

The Rolex Submariner 16610

The Rolex Submariner 16610 is the classic diving watch.  It’s 904L stainless steel case is able to withstand depths up to 300 meters (1,000 feet).  With a 40mm case it is on the larger size for gents watches.  As a standard, men’s watches are usually 36-40 mm.  The Submariner remains one of Rolex’s most popular watches. Not only is this gorgeous timepiece classic, it’s also on-trend; GQ’s September cover features Jets quarterback Mark Sanchez wearing this bright, modern timepiece.

The Rolex Datejust Masterpiece 81339

This 18K white gold stunner features a Tahitian Mother of Pearl dial that lends an air of sophistication and uniqueness. Add to this the double row of diamonds encircling the face of the watch, the scratch resistant sapphire crystal, and the diamond dial, and this watch becomes a true collectors piece.

The Rolex Daytona 116589

Introduced in 1963, the Daytona collection was designed to fit the needs of racecar drivers. Whether you’re looking to perfectly measure your lap time, or you’re simply a fan of beautiful timepieces, this particular Daytona is in a league of its own. Cased in white gold, the dial is mother of pearl with diamonds, surrounded by a bezel of diamonds, and capped off with a supple black leather band.

Readers, which of these pre-owned luxury watches would you most like to own?

Liz for Raymond Lee Jewelers, South Florida’s choice for pre-owned Rolexes and luxury timepieces.

Christie’s Announces World Tour Schedule for Dame Elizabeth Taylor’s Jewels

In a few short weeks, fans admirers and mourners of the late, fabulous Elizabeth Taylor will be able to view her treasured collection of the items she held dearest – her jewelry.

Elizabeth Taylor was an icon renowned as much for her beauty and acting as she was for her affinity for luxury. Taylor exuded an air of effortless glamour, helped along by the carats upon carats of precious jewelry that she often wore.

Beginning September 15th, Christies will showcase Liz’s famed jewels on a world tour. Exhibits will begin in Moscow’s Red Square before the tour continues to London, L.A., Dubai, Geneva, Paris and Hong Kong before finally stopping in New York. There, from December 3rd through the 12th, Christie’s will present the collection before its 5 part auction of Elizabeth Taylor’s estate.

Marc Porter, Chairman and President of Christie’s America states: Christie’s is honored to have been entrusted with this important role in celebrating the extraordinary life and legacy of Elizabeth Taylor. The global tour and exhibition of her collection at Christie’s will be a window into the world of a true icon, a rare woman who was at once an international film and fashion star, loving mother, successful businesswoman, and generous humanitarian.  This collection of her many cherished possessions will bring us closer to the essence of Elizabeth Taylor’s unique spirit, and promises to inspire admiration, delight, and at times, sheer wonder, in all who come to see it.”

First up is Liz’s collection of Legendary Jewels: “In what promises to be remembered as one of the most remarkable jewelry events in auction history, Christie’s will open the sales series devoted to Ms. Taylor’s collections with a gala Evening Sale of her most magnificent jewels on December 13, followed by two additional sale sessions on December 14.”

What will be included in this auction? One can only speculate at this point – which we did, naturally. Here are the gems that we think will absolutely be up on the auction block.

The Krupp Diamond

The first item of jewelry that Richard Burton gave her, this Asscher-cut diamond became a daily adornment for Taylor, at a more demure 33.19 carats.

La Peregina

Once owned by Anne Boleyn and Queen Mary Tudor, Taylor prized this pear-shaped pearl. Once owned by the Queen of Spain, it was nearly swallowed by one of Talyor’s dogs.

Cartier Ruby and Diamond Necklace

Given to Taylor by husband #3, Mike Todd, the necklace, bracelet, and earrings feature oval and cushion-cut rubies and baguette-cut diamonds set in platinum.

The Taj Mahal Diamond

Originally given to Shah Jahan by his father, the diamond was the presented to his wife Queen Mumtaz – the very same Queen Mumtaz that the Taj Mahal was built for. Burton bought this heart-shaped, yellow stunner for Liz’s 40th birthday. She promptly removed the silk cord it hung from and commissioned a diamond-studded chain.

The Taylor-Burton Diamond

The 69.42-carat Cartier diamond gifted to Talyor by 5th husband Richard Burton. Sadly, this – the most famous of Liz’s baubles – won’t be for sale at the auction, as it was last bought by Robert Mouawad.

Partial proceeds from the auction will benefit the Elizabeth Taylor Aids Foundation, created in 1993 to provide critically needed support services for people with HIV/AIDS.

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