Christmas is just around the corner and almost all of our anticipated pre-Christmas deliveries are in production and on their way to completion ahead of the festive season. What do you all have planned for the silly season this year? The studio will be open until the last day of trade on the 23rd December, reopening on Monday 5th January.
Jason's son Konrad turned 21 this month.
Jason's Thought Corner. International Diamond & Jewellery Business
Being involved at every level of the diamond business has given me much education, experience, personal contacts and joy.
Yes, joy! The art of perfection at every level is the most important factor when designing jewellery, whilst also keeping it on budget. Personally checking each diamond and design is like understanding the minute personality of each piece thus giving the receiver the most possible joy.
Business to consumer is a lot of fun and drives new designs, quality, expansive thought and tailoring the needs and wants of people's personalities, lifestyles and budgets.
Customised Mira design
Business to business drives production techniques, quality and cost.
New jewellery box design.
Business to investor drives perfection of diamond rarity, beauty and quality. With time these very special and rare stones are always increasing in value, and it has taken me my whole life to learn these sweet positions in the market and I love being involved with these unique, million year old+ gems.
Rare pink investment level diamond.
See you next time,
In focus: Conflict diamonds and the Kimberley Process
"Conflict Diamonds" means rough diamonds used by rebel movements or their allies to finance conflict aimed at undermining legitimate governments. - Kimberley Process Certification Scheme (KPCS).
Each year around US$12 billion of rough diamonds, mined from around the globe, are cut, polished and sold in a retail market worth nearly US$70 billion. The flow of transactions taking the diamonds from mine to market is known as 'the diamond industry pipeline'.
Australia is one of the world's largest producers of rough diamonds and is responsible for a large number of the diamonds sold into the pipeline each year. In 2006-07, Australia's exports of rough diamonds were $565 million.
During the 1990s, it became apparent that the industry pipeline was contaminated by diamonds - known as 'conflict diamonds' or 'blood diamonds' - that had been sold to finance African rebel movements. In response, the United Nations-backed Kimberley Process Certification Scheme was established to act as a worldwide certification scheme for rough diamonds.
The diamond trade affects the livelihoods of millions throughout the world. Unfortunately, a number of rebel movements in Africa exploited the nature of the diamond trade to finance their wars against legitimate governments and great hardship and misfortune was brought upon some of Africa's diamond-rich, but undeveloped, countries. The term 'conflict diamond' was popularised to describe the rough diamonds used to finance rebel groups. Angola, Sierra Leone, Liberia, Cote d'Ivoire (Ivory Coast) and the Democratic Republic of the Congo were all hurt by conflict diamonds.
The United Nations responded by placing embargoes on diamond exports from Angola, Sierra Leone and Liberia. Sanctions were introduced to stop countries accepting rough diamond imports from these countries that were not accompanied by a certificate confirming that the diamonds were mined legitimately and the proceeds from the sale were not being used to finance rebel activities. However, this export certification scheme was unsuccessful, as diamonds were being smuggled to neighbouring countries before being shipped to their destination.
While it was clear a certification scheme that applied to only a few countries could not work, it was thought that a scheme covering all diamond importing, exporting and producing countries could prove effective. This proposal, first aired in Kimberley, South Africa, gave rise to the Kimberley Process Certification Scheme - a joint initiative of governments, civil society and the diamond industry. The KPCS asked rough diamond exporters to attach a Kimberley Process certificate to their export shipments which would be verified by the importing countries' authorities when received.
The KPCS was endorsed by the UN General Assembly (UNGA), which in 2000 declared its support for 'the implementation of the certification scheme as soon as possible, recognising the urgency of the situation from a humanitarian and security standpoint.' The KPCS was also supported by the UN Security Council (UNSC) through UNSC Resolution 1459 (2003).
The KPCS was officially launched by ministers in Interlaken, Switzerland in November 2002 and KPCS participants implemented the Scheme from the beginning of 2003. Australia is an original member of the KPCS.
Australia implements its KPCS obligations through customs legislation and regulations. Essentially, rough diamonds cannot be imported to, or exported from, Australia unless they are shipped in a tamper-resistant container accompanied by a Kimberley Process Certificate. The diamonds must be coming from, or on their way to, another KPCS participant country.
The KPCS requires participants to nominate importing and exporting authorities. In Australia, the Department of Industry, Tourism and Resources (DITR) has been designated as the export authority and the Australian Customs Service has been designated the import authority. Responsibility for the overall implementation of the KPCS in Australia lies with the Department of Foreign Affairs and Trade.
The Australian Government considers that the KPCS, in conjunction with other international efforts, has contributed to building peace in areas of long-standing conflict in Africa. The KPCS has enabled Australia to contribute to the development of a legitimate and sustainable worldwide trading regime in rough diamonds that includes Africa's many diamond-producing nations. The KPCS has resulted in more 'official' diamond exports and, consequently, higher government revenue for countries previously blighted by conflict diamonds. This helps construct sustainable peace.
"Up in the Attic" Introduce their Vivaldi D'Arte wedding album
"Our Vivaldi D’Arte album series represents the highest quality in print album production.
Using museum-grade archival fine art papers and a vast selection of cover and presentation art box design options, the Vivaldi D’Arte album is the definitive way to showcase your wedding day - a seemless, lay-flat, hand-crafted piece to be displayed and treasured.
The Vivaldi D’Arte Production includes all images on disk and a HD slideshow, as well as a complementary 12x18 inch fine art print of your favourite image from your wedding day.
Please visit us at www.up-in-the-attic.com for more information, or call Andrew on 0407 967 602 and Amy on 0425 533 901."
Rare red diamond "Argyle Cardinal" from Rio Tinto mine in Western Australia sells for record price in international tender
An extremely rare 'fancy red' diamond from the Argyle mine in Western Australia's far north-east Kimberley regions has been sold for a record price to Glenn Bakker Jewels in Victoria.
Rio Tinto’s 30th anniversary collection of 54 rare pink and red diamonds from its Argyle diamond mine has delivered exceptional results, achieving the highest average price per carat since the Tender began in 1984.
With a record number of more than 600 bids, the collection was internationally popular with successful bids for the rare diamonds submitted from ten countries.
Rio Tinto Diamonds managing director Jean-Marc Lieberherr said "We are delighted with this result which reflects the global appeal and enduring value for these increasingly rare and iconic gems."
The Argyle Pink Diamonds Tender has been a landmark event on the global diamonds calendar since its inception in Antwerp 1984. Whilst bids and total values remain confidential, it can be revealed that overall prices for Argyle’s signature pink diamonds have more than tripled since the year 2000.
The most valuable diamond in the 2014 collection is the Argyle Cardinal™, a spectacular 1.21 carat radiant cut Fancy Red diamond which was sold to one of Argyle’s exclusive retailers or Select Atelier™, Glenn Bakker Jewels for an undisclosed value.
Buyer Glenn Bakker said "This red diamond is of exceptional rarity and as its custodian I am humbled to be a part of its incredible journey that spans more than 1.6 billion years. It gives me the rarest of opportunities to develop a creation that will dignify its place in Australian history."
In its 30 year history the Argyle Pink Diamonds Tender has offered only 13 Fancy Red diamonds, with just three of these gems larger than one carat.
Argyle Pink Diamonds manager Josephine Johnson said "Each of these rare diamonds is a miniature masterpiece and appreciation of their value and beauty continues to rise".
Full story at: http://www.riotinto.com/
* * *
See our Triple Excellent diamonds section on our website to view rare and stunning diamond opportunities to purchase for yourself!
Debbie's pick of the month
I loved designing this ring for Theresa and Andy. The unique black diamond centre is such a striking choice and perfectly complements the rose gold band. As you all know, I am particularly partial to the antique style/millgrain finish, so this design was not only a pleasure to be part of, but also absolutely one that appealed to my own personal aesthetic.
1 x 18ct rose gold diamond set engagement ring (with white gold setting). Set with 1 x 1.40ct GIA certified Natural Fancy Black Round Brilliant Cut Diamond and 40 round brilliant cut halo and shoulder diamonds (E/F VS) weighing 0.34ct in total.
Emily's pick of the month
This oval yellow sapphire was an incredible colour and so sparkly, which is always hard to convey in my amateur jewellery photography. The colour in reality was quite a bright and intense yellow. One of the better sapphires I've ever seen, it is held securely in 4 double yellow gold claws and complimented by halo and shoulder diamonds. A big, big look on the hand of this lucky lady.
1 x ladies ring in 18k white gold with 18ct yellow gold double claw setting. Set with centre yellow sapphire measuring: 10 x 8 mm. The side diamonds total 1.17 carats and are E/F colour, VS clarity.
This month we are launching our newsletter to an even wider audience, so, if you are receiving this for the first time and want to stay abreast of all the happenings here, we encourage you to follow the link and subscribe to continue to receive our newsletter direct to your inbox - also, "like" our Facebook page to keep informed of all our goings on.
Rare pink diamonds are 'safe haven' investment for super-rich
Rare pink diamonds from the Argyle mine in Australia are being bought up by high net worths across the world.
The Graff pink diamond was sold be Sotheby's Geneva for $60 million in 2010
High net worth individuals across the globe are ploughing their millions into rare coloured diamonds as a stable, "safe haven" asset class.
"People are loving them as an alternative investment," said Neil Duttson, founder of Duttson Rocks, a high end diamond dealer that supplies stones to celebrities, Premiership footballers and investment bankers.
"It’s a tangible, moveable asset, so you can carry your wealth in your pocket or on your finger."
Pink diamonds in particular have increased in value over the past decade.
In 2002, the average cost per carat of a pink diamond stood at $13,000, according to Duttson. This year it topped $78,000. The value of fancy light pink diamonds has increased by an average of 20pc year-on-year for the past five years.
The Graff Pink, a rare 24.78 carats fancy intense pink diamond, was sold by Sotheby's Geneva for £30m in November 2010, setting a world auction record for any diamond or any jewel.
Pink diamonds from the Argyle mine in Australia are in high demand. The mine’s owner Rio Tinto, has announced plans to close the site in 2019, driving up the price of the gems.
"My business has gone mad with pink diamonds," said Duttson. "They are being hoovered up, especially by the Chinese. I’m meeting with some City boys on Monday and instead of buying a new house in Provence, they’re putting their wealth into coloured diamonds."
One client has even put his children’s entire inheritance into the coloured gems. "He spent $4.5m in one go," said Duttson. "It’s where he plans to store his wealth."
According to Barclays Wealth's latest report on investment trends, 26% of the bank’s wealthy clients in the UK are holding more “treasure” assets today than five years ago. Precious jewellery is by far the most popular treasure asset type for wealthy individuals across all countries, with 70% of global respondents investing in this asset, followed by fine art and antiques.
There is only one coloured diamond for every ten-thousand colourless, diamond specialist De Biers has found.
Full story at: http://www.telegraph.co.uk/
Blue Diamond Sells for record price
A magnificent blue diamond has fetched $US32.6 million ($A35.27 million) in New York, breaking the world auction record for any diamond of its colour, auction house Sotheby's says.
The stunning 9.75 carat, pear-shaped diamond was bought by a Hong Kong private collector after 20 minutes of competitive bidding on Thursday evening, Sotheby's said on Friday.
The price also set a new world auction record for price-per-carat for any diamond, the auctioneers said.
The jewel had been owned by Rachel Lambert otherwise known as Bunny Mellon, the art collector wife of the late philanthropist and racehorse breeder Paul Mellon. She died in March aged 103.
"Mrs Mellon's diamond absolutely deserves the place in the record books that it achieved," said Gary Schuler, head of Sotheby's jewellery department in New York.
It was the highlight of a collection of Mellon's jewels and other prized objects that Sotheby's sold for more than $US42 million in New York on Thursday, well above the pre-sale estimate of $US19.2 million.
December Newsletter Special
For 48 hours only, this stunning ring is only $18,000!
Beautifully vivid 1.93ct Oval Cut Natural Fancy Deep Brownish Yellow Diamond, certified by GIA. This exquisite stone flashes alternating shades of greens, yellows and browns in different light. Set in a contemporary, eye-catching design featuring alternating diamond set white and yellow gold detailing.
We have this at our Brisbane studio if you would like to try it on. Why not share this with your friends who may be looking for that something special to surprise their loved one with?
Please enquire at the studio +61 (7) 3839-4088 if you are interested in purchasing this gorgeous piece.
It can be sized perfectly to fit at no extra charge.
Until next time!
The Team at Jason Withers