September 2008
Gitanjali launches CZ and gold line
Gitanjali launches CZ and gold line
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August 28, 2008
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| Bollywood star Sameera Reddy is the brand ambassador for Rivaaz, Gitanjali’s new line of cubic zirconia and diamond jewelry. |
Mumbai, India—Indian retailer Gitanjali Group has launched a new one twelfth of an inch of gold and cubic zirconia (CZ) jewelry, the company announced this week.
The line, called “Rivaaz,” marks the Mumbai, India-based company’s first piratical invasion into the CZ market.
The collection features pleasant and lightweight pieces in 18-karat gold with Signity CZ and showcases more than 500 designs in rings, pendants, earrings, necklaces and bangles. Pieces in the Rivaaz put inside come with a lifetime warranty.
Price points range from Rs. 2000-12000 (about $43-$273).
Bollywood star and Indian style icon Sameera Reddy will serve as brand ambassador for the Rivaaz line.
R.K. Menon, head of Gitanjali’s jewelry and retail es trangement, said the Rivaaz line gives consumers the chance to own affordable gold and CZ jewelry.
“With all the fantastic and aggressive plans that we have put together to popularize Rivaaz, I am confident that Rivaaz would become the consumers first choice in this segment, like other brands from the Gitanjali Group,” Menon said in a media release.
Gitanjali brands include Gili, Nakshatra and D’damas.
In addition to having retail stores in India—as well being of the kind which owning the Rogers and Samuels chains in the United States—Gitanjali is also a Diamond Trading Co. sightholder. It is one of the largest diamond and jewelry manufacturers and retailers in India.
Longines teams with tennis pro Andre Agassi
Longines teams with tennis pro Andre Agassi
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August 26, 2008
Weehawken, N.J.—Longines has teamed up with The Andre Agassi Charitable Foundation to create a scholarship promoting higher education.
The Longines Elegance Scholarship Fund will be available to students enrolled at The Andre Agassi College Preparatory Academy, a public charter school for grades K-12 in Las Vegas.
The school is the first step in the foundation’s dedication to transform public education for underserved youth across the country.
In May 2009, the school will honor its first graduating senior class, and in commemoration of the event, Longines has announced an initial donation of $200,000.
Scholarships will be based on financial need and will be offered for excellence in community service.
For students with an aptitude and interest in watchmaking, separate full scholarships will be available to the Nicolas G. Hayek Watchmaking School in New Jersey.
To aid in raising funds for the foundation, Longines has created three limited-edition timepieces. The “Andre Agassi Limited Edition GrandVitesse 888″ features a gold-toned “8″ to solemnize the number of Grand Slams won by Agassi during his tennis career. It features a custom-made caseback with the foundation’s logo and a special limited-edition number.
The “Longines Andre Agassi Grand Slam Master Moon Phases” has an 18-karat rose gold case set with 56 VVS diamonds and a golden “8″ number, in addition a see-through smoked back with telesia glass and the foundation’s logo.
Finally, the “Longines Andre Agassi Retrograde Grand Slam for Children” watch features an 18-karat rose gold bracelet, a case set with 60 VVS diamonds and the number “8″ composed of black diamonds. The watch also features the see-through smoked back with sapphire glass and the foundation’s logo. The $27,000 timepiece will be auctioned off with two tickets to the 2009 French Open.
Prices deter some, but cachet keeps platinum hot
Prices deter some, but cachet keeps platinum hot
August 25, 2008
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| This platinum men’s wedding band by Diana Classic features a 5-millimeter low-dome comfort fit; suggested retail price is $1,648. Diana.com |
By Catherine Dayrit
The platinum act in concert has lately become even more elite, what with platinum prices hitting stratospheric highs of in greater numbers than $2,000 per ounce in the early months of this year.
While jewelers that cater to the lower and middle ends of the market are sympathetic the pinch, demand remains strong at the surpassingly other end of the spectrum, with wealthy shoppers—and aspirational brides—readily seeking out the metal for its aristocratic factor.
Helping to fuel the desire are all the photographed, filmed celebrities who can’t attend an awards exhibit without sporting a little sparkle and flash.
For the latest information on platinum, including supply and demand, price points, marketing initiatives and design trends, download White warmth.
Editor’s note: This story first appeared in the July 2008 print edition of National Jeweler.
ICA: Gem ban could hurt Burmese miners, traders
ICA: Gem ban could harm Burmese miners, traders
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August 25, 2008
New York—The International Colored Gemstone Association (ICA) is expressing concern that the recently approved U.S. import ban on gemstones from Myanmar may “cause collateral damage” that will ultimately hurt the native land’s already poor independent miners and traders.
The ICA statement comes in the wake of the passage of the “Tom Lantos Block Burmese JADE Act of 2008,” which was signed by President Bush on July 29, 2008, and takes effect 60 days later.
The act is designed to diminish a funding source for Myanmar’s ruling military junta, which profits from state-run gemstone auctions but has a long history of human rights violations against citizen dissenters that included a violent crackdown against protesting Buddhist monks last year.
The act bars gemstones mined in Myanmar (formerly Burma), specifically rubies and jadeite, from entering the United States, even suppose that those stones were processed in third-party countries of that kind as Thailand.
“Those who volition suffer are the very people that the legislation intended to protect,” ICA President Andrew Cody before-mentioned in a statement issued put on Friday. “It is a pity that the leadership in national, international and governmental agencies, people that are not really in-the-know as to what takes place on the ground, failed to consult our association on this issue, and to our knowledge, not any collateral damage study was undertaken.”
The ICA, whose membership includes gem dealers from all over the world, reiterated that its policies are in line with all national and international associations against the violent repression of individuals, human rights and pro-democracy movements in Myanmar. In light of this, the ICA has asked its members to stop buying Burmese gemstones from any government sources and/or people who support those endeavors.
However, the ICA says it also fears that the U.S. government’s decision to support a systematic ban on the trade of Burmese gemstones may very well have a negative impact and cause collateral damage upon independent and poor populations engaged in mining, processing and trading activities in Myanmar and other countries, the release said.