Diamonds

  1. Test Recycled Diamonds, Offer As Design Option & Extension Of The Estate Case

    Test Recycled Diamonds, Offer As Design Option & Extension Of The Estate Case

     

    Over the past couple of years fashion-minded shoppers have placed an even bigger emphasis on sustainability, with fine jewelry topping their wish lists. In particular, recycled diamonds are becoming increasingly important for jewelers, as the global diamond-mining yield continues to diminish, reports Women’s Wear Daily (WWD) in August 2021.

    The popularity of recycled diamonds has increased dramatically since the pandemic, with many engagement ring shoppers asking for recycled stones. Jay Moncada, owner of Perpetuum Jewels, told WWD that before the pandemic four out of 10 engagement ring shoppers inquired about recycled diamonds, and now that number is closer to seven.

    Jeweler Jean Prounis of Prounis Jewelry told WWD that 100% of her custom engagement ring clients have requested recycled stones. “These diamonds are being reset over and over. It’s nice to work with what already exists — it also goes to show why diamonds are so special. If a material like a diamond can retain its value for hundreds of years, that is true luxury.”

    Even the Natural Diamond Council (NDC), an entity formed by the world’s largest diamond mining companies to promote the value of natural diamonds, endorses the recycled diamond trend. For NDC, it reinforces the value of buying a naturally sourced diamond over lab-grown stones or other stone options.

    “People are looking for things that are sustainable and not disposable,” NDC CEO David Kellie told WWD. “Supporting recycled diamonds plays to the long-term viability of the diamond proposition.”

     

    Offer the Option

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  2. Good As New, Overcoming Recycled Diamonds’ Inferiority Complex

    Good As New, Overcoming Recycled Diamonds’ Inferiority Complex

     

    Diamond is the hardest mineral on the planet, so it’s no wonder it’s regarded as the ideal product for recycling. Because of its strength and durability, diamond can be used more than once without trace-of-wear.

    Recycled diamonds actually offer the perfect story of sustainability — averting the need to mine or grow in a lab a new diamond product. Recycled diamonds also deliver on natural diamond’s “forever” promise, by maintaining their value as a precious, finite gemstone, and as an enduring symbol of love.

    Yet, the perception exists that if a product is recycled/reclaimed/repurposed it may not be of superior quality. 

    Recycled diamonds, while not a new concept, is a category that many jewelers, designers and small manufacturers may never have considered before, because they perceive that what is available on the market is of inferior cut and quality to newly manufactured stones.

    What they may not know is that the bulk of reclaimed diamonds (about 75%) are re-manufactured to modern cut specifications. Literally, the goods are good as new. That has been the experience of White Pine Wholesale, a leading supplier of recycled diamonds that buys exclusively from the diamond and jewelry trade. 

    When reclaiming diamonds, White Pine receives large parcels of mixed goods that include old makes, bad makes, chipped and broken stones, and an assortment of different sizes, shapes and qualities. 

    The stones are first cleaned by boiling them in acid to remove dirt and to “frost” any CZs in the pa

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  3. What’s Driving Rising Prices for Small Diamonds in 2022?

    What’s Driving Rising Prices for Small Diamonds in 2022?

    High demand for diamonds throughout 2021, coupled with less natural diamonds being produced and manufactured, is causing the rise in diamond prices that is impacting retail in 2022.

    The increase in prices is driven by strong demand for jewelry in the United States and China, set against limited supply, as diamond mining and cutting remain low, finds recent research by the market intelligence platform, IndexBox.

    Natural diamond prices are increasing dramatically because of the high demand and limited supply that is due to the fixed number of diamond manufacturers and the cost of manufacturing. Some areas of diamond supply are becoming increasingly more difficult to source, mostly smaller sizes in commercial quality, particularly melee (less than 0.20 in carat weight).

    But perhaps recycled natural diamonds are best positioned to be a reliable and profitable source for savvy jewelers and designers to incorporate in their business strategy moving forward.

     

    How We Got Here

    Consumer demand for diamonds skyrocketed as the COVID-19 pandemic unfolded, fueled by a dramatic decline in travel, fine jewelry’s biggest competitor for consumer dollars, as well as government subsidies that provided U.S. consumers with more discretionary dollars to spend.

    In its 2021 Diamond Insight Report, the De Beers Group tracked performance across the diamond industry for 2020 and the first half of 2021 and found that consumer demand for natural diamonds grew 40% year-on-year in the first half of 2021, or about 15% to 20% on an annualized basis compared with 2019.

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  4. Recycled Diamonds Vs Lab-Grown - Which Are More Sustainable?

    Recycled Diamonds Vs Lab-Grown - Which Are More Sustainable? 

    The lab-grown diamond category has exploded on the consumer market in the last decade, particularly the past few years, positioning itself as an eco-friendly, sustainable alternative to natural diamonds.

    But are lab-grown diamonds a more sustainable diamond option than using recycled natural diamonds?

    Lab-grown diamond producers market their products as “less of a threat” to the environment than natural diamond mining. They point to the fact that their processes use less water, emit fewer greenhouse gasses, and do not disrupt the earth to bring a diamond to market, as compared to mining diamonds. 

    Yet they speak little of the enormous energy needed to grow diamonds. Diamonds are grown in factories using High Pressure High Temperature (HPHT) or Chemical Vapor Deposition (CVD) processes. HPHT produces more diamonds per cycle, CVD allows the grower to better control quality, which is especially important for diamonds used in jewelry. 

    Both processes require uninterrupted power sources for their production cycles that could take anywhere from 30 minutes to several weeks, John Hassard, owner of Edgecombe Abrasives, told Jewellery Business magazine in February 2019. The company supplies industrial equipment using lab-grown diamonds. 

    A March 29, 2019 article in JCK online, “Just How Eco-Friendly Are Lab-Created Diamonds,” reports that the “most efficient” diamond growers use 250 kWh per carat, which is equivalent to the amount of electricity the average U.S. household uses in eight days or the electricity to fully charge a Tesla two-and-a-half times. But most producers use 750 kWh per carat.

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  5. Defining Recycled Diamonds & Their Value

    Defining Recycled Diamonds & Their Value

     

    Recycled diamonds are perhaps the fine jewelry industry’s best kept trade secret, presenting a compelling opportunity for jewelry designers and retailers to incorporate a sustainable, value-retaining option to newly mined natural diamonds and lab-grown diamonds.

    The broadest definition of recycled diamond is a natural diamond that was previously owned or manufactured and has re-entered the diamond supply chain to be repurposed for another piece of jewelry. 

    Recycled diamonds are acquired in many ways, including from the jewelry boxes of consumers, estate sales and bankruptcies, and part of inventory liquidations and closeouts of collections that may never have made it to market. 

    White Pine, for example, buys exclusively from the trade, including pawn shops, retailers, diamond dealers, and diamond manufacturers. Consistency and quality of the goods it brings to market are top priorities for this leading supplier of calibrated recycled diamond melee, and breakout and single stones, both certified and non-certified, in all shapes, sizes and qualities.

    “We categorize our diamonds as Very Good to Excellent makes,” shares White Pine CEO Benjamin Burne, who founded the company in New York in 2010 aiming to revolutionize the industry’s use of recycled diamonds. “The way we maintain this standard is by re-cutting as many of the diamonds we purchase as possible at our factory before putting it into our stock. This process allows our customers to receive top quality recycled natural diamonds every time.” Moreover, White Pine is selective in the diamonds used in its melee program, standard G/H color, with the ability to satisfy requests above or below that grade.

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  6. 5 Tips To Help Your Business Succeed Using Recycled Diamonds

    5 Things You Need To Know About The Recycled Diamond Business

     

    1.Never Turn Anyone Away

    Increase your profitability and offer your customers a complete range of products and services. If a consumer wants to sell you a diamond or diamond jewelry item but you're unsure of the value, White Pine's experts can assist you in providing a fair offer. If a customer is interested in sustainable options, know that White Pine is in stock and ready to ship recycled, remanufactured stones. Never turn away business because you're unsure about the recycled diamond space. 

     

    2. Demand For Sustainable Products Is Strong

    Consumer demand for socially responsible and sustainable products is greater than ever and growing. Offering recycled diamonds not only allows your business to advertise as sustainable, but helps improve your margins so you stop paying larger premiums on new manufactured goods. 

     

    3.Designer Names Aren't Everything

    Buy gold and diamonds at commodity value. When buying with intent to recycle and re-purpose, look at the true value of the materials and diamonds rather than the name stamped on the piece. 

     

    4. Grade Conservatively

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  7. Using the Melee Market to your Advantage

    GETTING TO KNOW THE MELEE MARKET

    Diamonds have been ‘traded’ for hundreds of years. In the early days, transactions were informal and not influenced by anything other than the buyer’s desire for the stone. However, industry stakeholders quickly realized that there was money to be made as the buying and selling of diamonds became more formalized and frequent. This realization resulted in the formation of the global diamond market, as it’s known today. On a broad scale, the global diamond market accounts for the trade of all diamonds, everything from top top quality to industrial quality diamond material used to produce tools and equipment. This article will examine a specific sector of the diamond trade, known as the melee market. The term “melee” refers to diamonds less than 0.20ct in weight, typically seen in jewelry pieces such as engagement rings, wedding bands, tennis bracelets, and fashion jewelry. Any stones used in jewelry aside from the ‘center stone’ are known as ‘melee’. Below is an example of melee set in jewelry:

     

    Wedding bands & fashion necklace.        

     

    THE IMPORTANCE OF DEMAND

    As you already know, demand drives supply and supply determines demand. To understand the melee market one should monitor and track demand. Melee values can be volatile and are can be directly impacted by the following: supply, or lack there of, changing jewelry and consumer trends, manufacturing shifts, swings in the prices of larger single stones, and economic factors such as currency, economical and political changes.

    HOW TO RECOGNIZE/PREDICT A MELEE MARKET UPSWING

    Be aware of political and economical movements. These changes can often symbolize the rise or fall of wealth and interest in high-end luxury

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  8. Melee on Demand | The Alt-Bridal Trend

    With the rise of millennials came the rise of alternative and quirky bridal trends, jewelry included. Alternative bridal designs offer a certain uniqueness that is appealing to young consumers. These brides no longer want a 2 carat engagement ring. In fact, some don’t want a diamond at all! Wearing unique settings, diamond bands, or gemstone rings has become an option for those brides that either want to stand out from their peers or those that would rather spend that money elsewhere, like on a honeymoon or a home.

    In a time where being socially conscious and politically aware has become trendy, today’s brides have also begun to take a company’s sustainability and social responsibility practices into consideration when choosing a ring. We now see brands like Brilliant Earth, Do Amore, Bario-Neal, Stone & Strand, and so many more creating sustainable jewelry, and thanks to social media it has never been easier for these brands to target millenials.

    When it comes to jewelry there are several ways to get that “alt-bridal” look without moving out of the diamond category altogether. A lot of designers are using different cuts like rose cut, old miners, and transitional cuts. Some designers even use rough stones in their production. These more affordable diamond cuts paired with unique castings can make for some pretty fun styles!

    Rose Cut Diamonds

    Having emerged in Europe in the 1500’s, the rose cut is one of the oldest styles of diamond cutting. While these were popular in the Georgian and Victorian Eras, they all but disappeared when the round brilliant cut arrive in the mid 1700’s. Today this cut is making a resurgence because of its vintage-like appearance. With every bride wanting to be unique, it is the perfect way for them to still have a diamond ring, but one that looks different from more traditional styles. Another factor that is often enticing a

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