Posts Tagged ‘ gold ’

Industry Update: Diamonds May Surpass Gold for Investing

A scattering of "brilliant" cut diam...

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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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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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What Does the High Price of Gold Mean?

Over the past few days, the price of gold has skyrocketed, reaching record highs and even briefly surpassing platinum prices. As the uncertain future of the US economy and European markets make traders nervous, gold continues to seem like a sure bet – making it even more valuable. But what does the higher price of gold actually mean?

Criminals have noticed that Gold is more expensive too.

gold, gold price, jewelery, raymond lee jewelers

Noah Seelam/AFP/Getty Images

A wave of gold-related robberies and thefts have been reported across the globe. Matthew Phillips of Freakonomics blog reports on L.A.’s rash of street-robberies and smash-n-grabs, as well as robberies and street muggings in Iraq and Guyana. Retailers and the general public should be extra vigilant while gold prices soar.

Gold will continue to be a desirable addition to investor portfolios.

Raymond lee Jewelers, Kitco gold prices

Gold Prices for 8/23/11

According to the Wall Street Journal, “…a selloff in gold is unlikely in the current economic environment as investors will be hard put to find an alternative asset that can protect their wealth as well as gold,” said George Gero, a vice president with RBC Capital Markets Global Futures.

Traders will be affected by the price of gold in the markets.

Raymond Lee Jewelers in action at an auction.

For the second time this year, The Shanghai Gold Exchange raised the margin requirements on gold futures contracts by 1%, making investors pay more up front to buy gold.

Big Prices mean Big Business for Jewelers who buy gold.

Raymond Lee Jewelers - We Buy Gold

As the line for gold prices ticks up on market graphs, the lines out the doors of jewelers grow longer. Americans looking to cash in on their unwanted or unworn gold are flocking to jewelers who buy gold. Once scrap gold is purchased, it can be purified and turned into gold bars or re-cast for different pieces of jewelry.

Readers, have you sold gold before? Are you more likely to now that you can earn a substantial amount for the gold you own? And jewelers – have you noticed an uptick in business (we have at Raymond Lee Jewelers!)? Have you beefed up security measures in light of gold’s higher prices?

Discuss below,

Liz for Raymond Lee Jewelers, South Florida’s most trusted gold and jewelry buyers.

Gold Briefly Surpasses Platinum In Price on Tuesday

Gold Key, weighing one kilogram is used to acc...

Will Gold Surpass Platinum?

For a little while on Tuesday of this week, gold was more valuable than platinum! That’s right!

Typically you might find that platinum is roughly twice the price of gold. That’s why platinum members of any group or credit card get more perks, and that’s why recording artist always strive to have their recordings go platinum, not gold.

We can thank the economy and its pending threat to dip again for this, as investors have been hesitant to invest in many things, they have turned to gold and gold has responded like a champ. I didn’t think I’d ever write this sentence, “Gold is 1,782.50 an ounce”. But I did, and I may not be done writing new things yet!

Several industry experts have chimed in on the phenomenon. Lee Josephson, VP of Raymond Lee Jewelers in Boca Raton isn’t one that believes this will affect the retail sales of jewelry,  however. “There is still a certain allure to buying platinum,” Mr. Josephson said. “So, it’s not the price that affects consumers as much. There is still the perception that platinum is more prestigious.” And we agree.

Byron King, senior analyst of Agora Financial in Baltimore says, “When you travel to the Middle East, every town and mall of any significance has a ‘gold souk,’ where the merchants gather to buy and sell gold items. I’ve never seen a ‘platinum souk,'”

Some precious metals dealers, such as James DiGeorgia, believe that since platinum mainly serves as an industrial metal, it could eventually take a second seat to gold in light of the economic situations on a global scale.

Jewelry Education: HOW TO SELL OR BUY JEWELRY

“WHAT DO I NEED TO KNOW

ABOUT JEWELRY 

when I go to sell or buy it?”

Good question! 

Florida Jewelry Store

POINTERS TO HELP YOU SELL OR BUY JEWELRY

Here’s a quick checklist of knowledge you should have before you go shopping for expensive jewelry.

  1. What is a Karat? It’s a good idea to know that gold karat number varies with weight, design, finishing and country of origin. Finishing can be done by hand or by machine, and this makes a difference. 24 karat gold, or pure gold, is too soft for molding into wearable jewelry, thus it needs to be mixed with other metals to strengthen it. The metal used to mix into the gold can change its color. WHAT TO KNOW if it’s less than 10kt (roughly 42% gold), than it can’t be sold as gold legally. You’ll hear these terms: “fill”, “electroplated” or “overlay” and that means it just has a thin gold coat on the piece of jewelry.
  2. What are the four C’s? Don’t expect to read this and have a working knowledge of the four C’s, but I can at least acquaint you with the language. WHAT TO KNOW – the four C’s are Cut, Color, Clarity and Carat. If a jeweler can’t discuss these in great detail, they don’t know enough to be selling you jewelry, keep shopping.
  3. Be aware of chain stores who employ retail sales clerks AND have no actual jewelers on staff. WHAT TO KNOW  – Local jewelers will almost always have a more educated and knowledgeable staff.
  4. If you are going to purchase a really expensive piece of jewelry, USE A MAJOR CREDIT CARD AND HAVE IT APPRAISED immediately.

Now, you officially know more than most people about jewelry shopping! Enjoy ~

By Raymond Lee Jewelers. For information and news regarding fine jewelry and/or luxury watches!

Cartier Panther Collier with Emerald Eyes and a Black Onyx Nose: Feature Friday, Here We Go!

Cartier Panther Collier:

A Golden Feature Friday

Cartier Panther Collier

I once was wondering through a metallic forest, plagued with exhaustion and without a compass, when rapidly to my rescue ran…

A majestic golden panther that lit up the land.

Through a bewildered haze, I did hear him say, “Hello, my dear. I am Cartier”.  He said to rest, said that everything would be just fine. I awoke in my home, with no forest in sight. All I remember of the panther who saved me are his black onyx nose and the way it seemed to glow, with enchanting emerald eyes glowing as he delivered me to safety.

“I am Cartier”

Cartier Panther Collier

A premonition this dream must have been because…

Cartier has come back again!

This time, in the form of an incredible Panther Cartier Collier necklace, still watching the world through those bright emerald eyes and wearing a boldly vibrant black onyx nose. In 18k Yellow Gold, a 16″ Panther Cartier Collier Necklace exquisitely holds the regal Panther. With emerald eyes and black onyx facial accents, this Cartier piece weighs in total 65.7 dwt.

This Authentic Cartier 18K Yellow Gold Panther Collier Necklace comes BRAND NEW w/ Papers! 

Collier: noun
A wide necklace encircling the neck from throat to chin

Panther Cartier Collier Necklace: Brand New w/ Papers

Three Totally Tubular Timepieces

Today’s Picture Perfect Peak at Three Totally Tubular Timepieces…

#1. Ladies Patek Philippe Gondolo Gemma 18kt WG Diamond Watch

Ladies Patek Philippe

Patek Philippe

This Authentic Ladies Patek Philippe Gondolo Gemma 18kt White Gold Watch is available on the Raymond Lee Jewelers eBay Store.

Brand Patek Philippe
Model Gondolo Gemma
Model # 4981G
Material 18kt White Gold
Case Measurement 37 mm
Movement Quartz
Band White Leather
Bezel Diamond
Length 7.5”
Gender Ladies

#2. Men’s Rose Gold Presidential DayDate II

DayDateII

#3. Rolex Men’s GMT Master Diamond 18kt Yellow Gold Watch “Z” Serial

Factory Sapphire Diamond Bezel 116758

Rolex GMT - Factory Sapphire Diamond Bezel 116758

Rolex GMT

This gorgeous piece of machinery in timekeeping is available on the Raymond Lee Jewelers eBay Store.

Rolex GMT Master Diamond 18kt Yellow Gold Mens Watch

Item Details
You are Viewing this Authentic Rolex GMT Master Diamond 18kt Yellow Gold Mens Watch

Company Rolex
Model GMT Master
Model # 116758
Case Material 18kt Yellow Gold
Case Measurement 42 mm
Dial Black
Crystal Scratch Resistant Sapphire
Band 18kt Yellow Gold Oyster Band
Movement Automatic
Serial “Z” (2007)
Gender Men’s
Size Will fit approx. a 7.0” wrist
Additional Comments Factory bezel, lugs, and crown guard. Asscher cut Diamonds, inner bezel engraving.
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