ICA
International Colored Gemstone Association Newsletter
ICA Newsletter 
May/June 2014
Inside this Issue
INDUSTRY NEWS
* ICA Director Vijay Kedia named President of Jaipur Jewellers Association
* Couture Awards 2014 celebrates design and community
* Sri Lanka river bank mining projects earns $8.4 million, Authority said
ICA EVENT
* ICA Receptions' lucky draw winners announced
RED CARPET JEWELRY
* Sparkling jewelry at CFDA, Cannes Festival, and the Tony Awards
AUCTIONS & EXHIBITIONS
* Colored gemstone and colored diamond jewelry achieve high price in Spring auctions
UPCOMING EVENTS
* The 54th Bangkok Gems & Jewelry Fair: Booth 21A, September 9-13
* September Hong Kong Jewellery & Gem Fair: Booth 8H00, September 15-19
* ICA Reception & ICA Board Meeting
* Warmest Welcome to New ICA Members!
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May Birthstone: Emerald 


-Fine emeralds can be found in Colombia, Zambia, Brazil, Zimbabwe, Madagascar, Pakistan, India, Afghanistan and Russia. Colombian emeralds are renowned for their especially fine, shining green unimpaired by any kind of bluish tint; Brazil produces emeralds in beautiful green tones; Zambian stones are famous for their crystalline appearance.

-One of the world's largest emeralds is the Mogul Emerald. It dates from 1695 and weighs 217.80 carats. One side of it is inscribed with prayer texts and the other engraved with magnificent floral ornaments.
June Birthstone: Moonstone or Alexandrite 
 
   
-The moonstone was very popular around 100 years ago at the time of Art Nouveau. It adorns a noticeably large number of the jewelry creations of the French master goldsmith Ren� Lalique and his contemporaries.

-Sri Lanka is one of the main countries of origin of classical moonstones.

-The most sensational feature about alexandrite is its surprising ability to change its color. Green or bluish-green in daylight, it turns a soft shade of red, purplish-red or raspberry red in incandescent light. Finely faceted alexandrites above one carat are thus among the most expensive gemstones in the world, rarer than fine ruby, sapphire or emerald.

-For more information on colored gemstones, visit "Gem by Gem" on www.gemstone.org 
Industry News
ICA Director Vijay Kedia Named President of the Jewellers Association, Jaipur

The Jewellers Association, Jaipur announced the new working committee for 2014-2016 after its general election on May 24. ICA director Vijay Kedia was appointed as the new President and ICA member Kamal Kothari was named the Treasurer.

The Jewellers Association, Jaipur was established in 1927 for the betterment and growth of the gem and jewelry trade in Jaipur. More than 2,800 members of the association voted on the day, electing 15 out of 30 candidates for the new committee.

The newly-elected committee consists of the below members:
President: Vijay Kedia
Vice President: Ram Sharan Gupta
Hony. Secretary: Anil Bumb
Jt. Secretary: Alok Sonkhiya
Treasurer: Kamal Kumar Kothari
Other members: Arun Kumar Gokhroo, Avinash Khandelwal, Dilip Godika, Dwarka Prasad Khandelwal, Mahendra Kumar Agarwal, Nirmal Bardiya, Rajesh Dhamani, Sanjay Kala, Sunil Suklecha and Vijay Kishan Jaju

The 2014-2016 working committee of the Jewellers Association, Jaipur gets on stage after the general election.

Couture Design Awards 2014 Celebrates Design and Community
From left: Fernando Jorge, Mattioli and Annie Fensterstock are the three finalists in the Colored Gems (retail price below $20, 000) category. Photos: Couture.




Placing second in the Haute Couture category was Shaun Leane. Photo: Couture.
Art-Deco style, eye-popping colored gemstones and one-of-a-kind statement jewelry are some of the key messages for this year's Couture Design Awards.
Hundreds of people from the Couture community were in attendance when the winners of the Couture Design Awards were announced in Las Vegas on May 31. This year's Human Spirit Award goes to Jim Rosenheim of Tiny Jewel Box. Prior to the presentation, there was a brief moment of silence for the late designer Robin Rotenier.
"From the conception of an idea to a finished work of art, your creative process is what distinguishes you as true artists," said Couture Show Director Gannon Brousseau at the Awards ceremony.
All design entries were displayed in the competition hallway at the Couture Show. The panel judges-consisting of fellow designers, cornerstone retailers and jewelry editors voted for the winning pieces on site, while retailers voted for the "People's Choice Awards" at Couture.
Couture is an international jewelry and timepiece community of top designers and high-end retailers from around the world.
Clockwise:People's Choice Award winners Atelier Minyon, Atelier Tom Munsteiner, Magerit and Shane Leane. Photos: Couture.

From left: Nam Cho, Stephen Webster and Miseno are the three finalists in the Colored Gems (Above $20, 000- retail price) category. Photos: Couture.

River Bank Gem Mining Projects Gain Big Profit, Sri Lanka Authority said

Gem mining projects in several river bank areas could earn around $8.5 million (Rs 500 million) in profit, up from last year's $2.5 million ( Rs 147 million), Janaka Udaya Kumara, Director General of the National Gem and Jewellery Authority (NGJA) said in a recent interview with Sri Lanka's national newspaper Daily News Business.

The projects were launched with the aim of increasing revenues and undermining the illegal mining activities that affect the environment, with the participation of low-income people in those areas.

The most recent production is the Seethawaka gem mining project which, combining its two phases, garnered around $8 million (Rs 470 million). 54 percent of the income went to the NGJA. Another successful production is the Haraniyawaka project at the Kaluganga Kiriella division which has uncovered $761,968 (Rs 45 million) worth of gemstones.

An upcoming project located outside the Moragahakanda reservoir will be the biggest project conducted by the NGJA. Kumara also revealed that they have made plans for the Bogawanthalawa and Watawala Mount areas from which they "expect high returns."

In addition to increasing mine production in the country, the NGJA is also actively participating in many leading international jewelry and gem shows to increase exports, Kumara added. 

A feature article titled "Sri Lanka Launches Gemstone Mining Environmental Project" with special mention to other environmental initiatives the Authority has developed was published in the Fall/Winter 2013 edition of InColor. The article was written by ICA director from Sri Lanka Gamini Zoysa.  Read the full story here.
ICA Event
ICA Receptions' Lucky Draw Winners Announced

Congrats to the following members on winning a 3-nights' free stay at the official partner hotel of the 24th Facets Show which will be held from September 4-7 in Colombo, Sri Lanka. ICA would also like to thank all the participants for their supports!
The lucky draw was hosted by the Sri Lanka Gem & Jewellery Association, organizer of the Facets Show. The entries (business cards) for the lucky draw were collected at ICA Receptions Tucson in February and Hong Kong in March.

Winners of the Hong Kong Draw
Mr. Bowie Fu, Sales Manager of H Stark & Co. Ltd, Israel
Mr. Rahul Jain, Aura International Limited, Hong Kong
Mr. Mee Ying Lee, General Manager of AMAZONE International Jewelry Inc., Taiwan
Mr. Caesar Abi - Habib, KAISER GEMS U.S.A., Inc., USA
Winners of the Tucson Draw
Mr. Damien Cody, Director of Cody Opal (Australia) Pty Ltd, Australia
Mr. Manoj Kala, President of DIA STAR TRADING CO., Japan 
Red Carpet Jewelry
It always starts with the shiny things. In the hot summer days, a breath of fresh air easily cheers us up, so are some sparkling colors! From the 2014 Cannes Film Festival to the Tony Awards, celebrities paired their light-colored red carpet gowns with flamboyant jewelry adorned with colored gemstones such as opals, turquoise, emeralds and amethysts, presenting a sense of mesmerizing Old Hollywood style. Equally impressive are the size of the jewelry! Dramatic statement designs are officially in the trend.

Jennifer Lawrence wore a pair of emerald earrings by Irene Neuwirth at the Cannes Film Festival on May 17. Meghan Collison stepped out in a pop of color with a Lightning Ridge blac opals, rose cut diamonds and diamond paves necklace by Irene Neuwirth at the 2014 CFDA Awards in New York on June 2.  Idina Menzel wore a Zac Posen silk faille mermaid gown and a pair of earrings by Jacob &Co at the Tony Awards on June 8, the biggest night in Broadway.
Here we are drawn to some treasure hunt for the most exquisite red carpet jewelry. 
Natasha Poly rocks the red carpet at the Cannes Film Festival with a pair of magnificent amethyst and ruby earrings from de GRISOGONO's Melody of Colours collection. Photo: de GRISOGONO.

Izabel Goulart looks stunning on the red carpet at the Cannes Film Festival with a pair of earrings featuring two white emerald-cut diamonds and 24 navette-cut emeralds, and an intricate white diamond and emerald bracelet, both by de GRISOGONO. Photo: de GRISOGONO.

Sharon Stones looks beautiful wearing a pair of ruby and white diamond earrings by de GRISOGONO at amfAR 2014 on May 22. Photo: de GRISOGONO.

Auctions and Exhibitions
Colored Gemstone and Colored Diamond Jewelry Saw Competitive Biddings in Spring Auctions

A rare enamel and diamond snake wristwatch, by Bulgari, circa 1965. It set a world record price for a Bulgari snake at auctions. Photo: Christie's Images Ltd. 2014.

High bids for colored gemstone and color diamonds jewelry dominated the Spring 2014 auctions, with a few pieces achieving world records. At the Christie's London auction on June 4, an enamel and diamond snake watch by Bulgari was sold for $1,107,038; and an early 20th century cushion-cut 4.6 carat Kashmir sapphire and diamond brooch fetched $304,958.
In Asia, Hong Kong maintains its position as one of the leading world-class auction centers. The Christie's sale of Magnificent Jewels on May 27 set two world records- a pair of pear-shaped diamond ear pendants (weighing 25.49 and 25.31 carats) realized as much as $9.7 million and a 6.13 carat cushion-cut fancy intense green diamond ring sold for $3.6 million, setting a new world record auction price for an intense green diamond.
These two lots set world records at the Christie's Hong Kong Sale. From left: a 6.13 carat cushion-cut fancy intense green diamond ring; a pair of D color flawless type IIa diamond ear pendants. Photo: Christie's Images Ltd.

Two lots at the Christie's Hong Kong 2014 Spring Auctions: Magnificent Jewels. From left: a necklace and earrings suite featuring Burmese pigeon's blood ruby and diamond fetched $4.8 million; a cushion-cut Colombian emeralds for $4.2 million. Photo: Christie's Images Ltd.

The enthusiasm of international collectors sustained strong. Mr. Edmond Chan, head of Jewelry Asia at Luxeford, noted that this spring season "sees a natural flow of interests for fine colored gemstone pieces and diamond alike, with stylishness, refinement and versatility in mind." At a recent Luxeford's Spring Fine Jewels Auction in Hong Kong, a 19.30 carat natural Ceylon (Sri Lanka) sapphire and diamond ring was sold for around $138,461 (HKD 1.08 million), five times higher than the low estimate. The sapphire is of intense cornflower blue color, very clean clarity and has no indication of thermal treatment. 
 
Two lots at the Luxeford's spring Fine Jewels Auction. From left: a sapphire and diamond ring; a jadeite and diamond ring sold for $80,000 (HKD 624,000). Photo: Luxeford Hong Kong Ltd.
Leveraging on the growing auction industry in mainland China, Phoenix Life Jewelry Co. Ltd. held an auction of fine jades, colored gemstones and other valuables in Beijing. 161 out of total 300 lots were sold, generating around $14.1 million (88 million RMB) in revenues. A carved jadeite screen by Chinese sculptor Song Jianguo fetched about $3.6 million (22.5 million RMB).
Xiao Yongfu, known as "the godfather of gems and jewelry" for his expertise and influences in mainland China, noted that auction has become a new way of consuming pattern in mainland China, following the trends in Europe, the US, Southeast Asia, Hong Kong, Macao and Taiwan. He added that at least 20-percent of the sales are done through auction houses in Hong Kong.
A carved jadeite screen by Chinese sculptor Song Jianguo. Photo: Phoenix Life Jewelry Co. Ltd.

Upcoming ICA Events - Save the Date!
Visit us at
The 54th Bangkok Gems & Jewelry Fair: Booth 21A September 9-13
September Hong Kong Jewellery & Gem Fair: Booth 8H00, September 15-19

DATE

EVENT

CITY, COUNTRY

September18

ICA Reception

Hong Kong

September20

Board of Directors meeting

Hong Kong

September9-13

ICA Pavilion at the 54th BGJF

Bangkok, Thailand

September15-19

ICA Pavilion at September Hong Kong Fair

Hong Kong

 
Warmest Welcome to New ICA Members!
We give a big welcome to the six new members and they are:

Company

Country

Contact Person

Business Type

Beijing Noble Jewelry Trading Co Ltd

China

Jing Liu

Wholesaler

Brij Gems

India

Goving Prakesh Agarwal

Cutter, Manufacturer, Wholesaler, Retailer

Alessio Tinozzi

Italy

Alessio Tinozzi

Wholesaler

Global Gems (Pvt) Ltd

Sri Lanka

Mohamed Lahir Mohamed Ishfaq

Wholesaler

Bead Palace Inc

USA

Himanshu Garg

Wholesaler

The Courtney Collection

USA

Erica Courtney

Wholesaler, Jewelry Designer


InColor is now on Apple App Store & Android Google Play
The ICA is delighted to announce the release of Incolor Magazine app which is now available in the Apple iTunes and Google play stores. The new app is free and will feature each quarterly issue of InColor available to download as single issues for $4.99 per issue.
Back issues of our publications are available for purchase. 
Apple iTunes Store Google Play Store

 

Some highlights from this latest issue include:

  • Gemfields Revenue Soars as Emerald Demand Surges
  • True North Gems Awarded 30-year Mining License for the Aappaluttoq Ruby Deposit
  • GIA Display Features Iconic of Gemstone Jewelry
  • AGA Prenets Antonio C. Bonnano Award to John Emmett
  • Gubelin Association Establishes Edward Gubelin Research Scholarship
  • Cartier Exhibition in Paris Tells Story of Jewelry Giant
  • Recent Experiences in Starting up a Gem Carving Operation
  • The Phenomenal World of Australian Opals
  • Ruby and Sapphire Evaluation and Awareness Promotional Tool
  • Designer Julia Ho Gracefully Embellishes Fairy Tales with Colored Gemstones
  • AGTA Spectrum Awards 2014 Present Colors and Creativity
  • A Book Review on Terra Garnet
  • Enhanced Diamonds: Creating Profitability for Retailers in a Tight Market
  • Tucson Gem Fair 2014
  • Asian Buyers Show Strong Preference for High-Quality Gems and Jewelry
  • Colorful Time at Baselworld
  • Inaugural Jewelry and Gem Fair in Freiburg Exceeds Expectations



  • For more update and detailed information, Visit ICA official website
  • Got News? Share with us at [email protected] or call +852-2365 9318 / fax +852 2365 9371 !