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New lab-created diamond detector set to hit market Posted January 20, 2021 | By Arabella Roden ⢠Editor Yehuda Diamond Company has launched the latest model of its Sherlock Holmes device, which can detect both chemical vapour deposition (CVD) and high-pressure high-temperature (HPHT) lab-created diamonds. The release comes amid increasing acceptance of lab-created diamonds in both the broader jewellery industry and among consumers. Members of India’s Bharat Diamond Bourse recently voted to reverse a long-term ban on trading the stones within its premises, while a report conducted by research firm The MVEye found approximately 38 per cent of US independent jewellery retailers now stock lab-created diamonds, with 80 per cent of consumers aware of the stones – compared with less than 10 per cent in 2012. ....
Auckland jeweller targeted in $180,000 armed raid Posted January 19, 2021 | By Arabella Roden ⢠Editor Two men armed with a shotgun and an axe have stolen diamonds, a watch, and jewellery valued at $NZ150,000–$180,000 during a daylight robbery of an Auckland store. The suspects entered TJ Handcrafted in Auckland’s Botany Town Centre on Sunday 10 January at about 2pm, and held the store’s owner, identified as T Jordan, at gunpoint. “I’m still trying to digest what happened. It’s not what I want to see in New Zealand, we are one of the safest countries in the world T Jordan, jewellery store owner ....
The National Opal Collection store in Melbourne s CBD was forced to close due to the COVID-19 pandemic alongside its sister store in Sydney s The Rocks, while border restrictions to international tourists have seen sales plummet by more than $3 million. Australian opal dealer challenges COVID-19 insurance rejection Posted January 19, 2021 | By Arabella Roden ⢠Editor Damien Cody, director of opal retail and wholesale business Cody Opal Australia, has publicly challenged insurance companies for refusing to pay out business interruption policies held by small businesses. The National Opal Collection (NOC) – the retail arm of Cody Opal Australia, with premises in the Sydney and Melbourne CBDs – had taken out a business interruption policy, underwritten by AXA and Lloyds, prior to the COVID-19 pandemic. ....
B argain Hunt has been censured by the BBC’s complaints watchdog after a dealer said false on-air claims tarnished his name. Peter, 60, said the programme had damaged his reputation in the industry by suggesting a ring he sold was made in the 1950s, and not Victorian as he claimed. The ring was subsequently disqualified after the auctioneer, Raj Bisram, one of the show’s regular experts, said it actually dated from the mid-20th century. During the episode, which was filmed in Dorking, Surrey, the verdict was presented as indisputable, with the presenter Eric Knowles telling viewers: “It’s Victorian in style, yes, but the date mark is definitely for 1951.” ....
Michael Hill records âoutstandingâ results in second half of 2020 Posted January 18, 2021 | By Arabella Roden ⢠Editor In the six months to 27 December 2020, Michael Hill International (MHI)’s same-store sales increased across all three of its key markets, with expected revenue – excluding COVID-19 government subsidies – increasing to $41–45 million, compared with $31.6 million for the same period in 2019. The positive results came despite temporary closures of 37 stores in Australia and 46 in Canada due to the ongoing pandemic. The company currently operates 289 stores across Australia, Canada, and New Zealand. “The disciplined in-store execution by our dedicated retail teams delivered impressive results during the critical last few weeks of December ....