Customer Service
Call for expert help (888) 724-8222

Jeweler News

  • It’s Official: Lab Grown Diamonds ARE Diamonds!

    In exciting news for our industry, the FTC (Federal Trade Commission) has officially expanded its definition of “diamond” to include those grown in a laboratory:

    “When the commission first used the definition [of diamond] in 1956, there was only one type of diamond product on the market — natural stones mined from the earth. Since then, technological advances have made it possible to create diamonds in a laboratory. These stones have essentially the same optical, physical and chemical properties as mined diamonds. Thus, they are diamonds.”

    What does this mean for you, the consumer? This means you can be fully confident in this scientifically proven and legally sound fact:

    Laboratory-Grown Diamonds are Diamonds!

     

    According to Scottsdale-based jewelry store owner Joseph Schubach:

    Lab grown diamonds are identical to mined diamonds in every sense, chemically and optically. Currently, only the large labs such as the GIA and IGI have the equipment to determine whether a diamond is lab grown or mined, so even your local jeweler or gemologist won’t be able to distinguish between the two, except for a microscopic laser engraving identifying the diamond as lab grown.

    When it comes to the lab grown versus diamond battle, test yourself and you will see it is nearly impossible to tell the difference. To the naked eye it appears just as, if not even more, brilliant than it’s expensive natural counterpart.

    Dare to care by making your next custom design jewelry the perfect home for a lab grown diamond, knowing you’re contributing to a healthier ecology and a truly beautiful (and affordable) piece of jewelry.

  • Super Bowl rings – how much are they really worth?

    Tom Brady throws the ball during Super Bowl XXXIX. Brady connected with game Most Valuable Player Deion Branch 11 times to tie a Super Bowl record. II Marine Expeditionary Force Marines were able to attend using tickets from the Cleveland Browns’ Hats Off to Heroes program.

    First let’s get the congratulations out of the way:

    FLY EAGLES FLY!!!!

     

    Okay, now back to jewelry business. Any of the players of the winning Super Bowl team are awarded rings that showcase their climb to the top of the NFL.

    Where does the tradition of the Super Bowl ring come from?

     

    Commemorative rings can be traced back as far back as the 1920’s, though they weren’t always rings (the New York Yankees famously gifted their team watches in 1928 in lieu of rings).

    Vince Lombardi actually personalized (hello custom design!) the first Super Bowl ring by adding an inscription (“Harmony, Courage, Valor) and a logo.

     

    How much does the Super Bowl ring cost?

     

    While the final cost is uncapped, the NFL pays up to around $7,000 (£5,000) per ring (with big spenders like the 2015 New England Patriots who reportedly paid $35,000 for each of their Super Bowl rings).

    All Super Bowl rings must be made of 10-karat plumb gold and usually features a large number of diamonds win. Super Bowl rings are not often sold but players have been known to auction them off.

    To get an idea of their valuation: New York Giants linebacker Lawrence Taylor’s son auctioned one of his father’s two Super Bowl rings for $230,000. Not bad! 

  • Total Auction Sales for Jewelry, 2017

    The-Pink-Star-1200x1695

    2017 was quite a successful year for the big auction houses. Both Sotheby’s and Christie’s focused aggressively on fine jewelry sales…and the year-end numbers highlight how the dedicated work paid off.

    According to Forbes:

    The two auction houses combined for more than $1.1 billion in sales, with Christie’s achieving $556.7 million and Sotheby’s $551.3 million.

    Both auction houses expanded its jewelry offerings with an increased eCommerce presence and with special sales held throughout the year.

    And while Sotheby’s fell behind Christie’s in total jewelry auction sales, it did spearhead the sale of the world auction record for any gem or jewel: the CTF Pink Star. 

    The CTF Pink Star is a 59.60-carat internally flawless fancy vivid pink diamond which sold for more than $71.1 million ($1.19 million per carat) at Sotheby’s Hong Kong on April 4, 2017.

    Let’s see what surprises lie ahead for 2018!

  • Millions worth of jewelry worn at Golden Globes…and more fashion factoids

    Golden Globes red carpet

    With this week’s Golden Globes behind us, we decided to take a minute to look at the financial big picture of the award ceremonies.

    Red carpet functions like the Golden Globes are multi-million dollar enterprises. And because of the black fashion theme this year (representing solidarity behind the #metoo and #timesup movement), high-end jewelry stood out in a major way.

    More than 20 million dollars worth of watches and jewelry was worn by some of Hollywood’s finest. In particular, diamond jewelry was the scene stealer for most of the women.

    Harry Winston was one of the most-worn brands. This included Kate Hudson and Salma Hayek who wore more than $5 million in Winston diamonds. Other Winston wearers included Emilia Clarke, Claire Foy, Viola Davis, Helen Mirren and Lily James.

    Chopard, Piaget and Tiffany’s were runners-ups.

    So while we missed colorful Golden Globes of years passed, we couldn’t help but note how black really accentuated accessory choices.

  • People give jewelry to the Salvation Army, in lieu of cash

    120417-brooch-1280x720

    The red kettle of the Salvation Army has practically become synonymous with the holidays and a reminder that others are in need during this time of year. Though a recent trend shows that people aren’t just giving spare change. Some are donating expensive jewelry instead.

    According to WHDH:

    “A donor reached out,” said Salvation Army Director of Communications Drew Forster, “saying she wanted to donate a piece of jewelry. She was a little nervous that it was actually going to fit in the slot of our red kettle.”

    The Salvation Army of Boston says that anonymous donor wanted to give a golden fish pin.

    The fish features 18-karat gold and 32 diamonds.

    When it was purchased nearly 20 years ago, it was valued at just under $5,000.

    It stands to reason that people would donate jewelry. Many of us have expensive pieces of jewelry occupying space in a dusty jewelry box when it could go to better use.

    So happy holidays and kudos to all you jewelry lovin’ charitable folks out there!

     

     

  • Bronze Age Grave Reveals Love of Jewelry

    Late Bronze Age European Spiral Torque and Ornaments group of jewelry.

    Late Bronze Age European Spiral Torque and Ornaments group of jewelry.

    Who doesn’t love jewelry? Throughout the history of humankind, bling in various forms have been adored, revered, passed on and taken to the graves.

    Most recently, archaeologists in southern Greece discovered an undisturbed tomb (approximately the size of a small house) which belonged to a Bronze Age nobleman with a penchant for jewelry.

    According to 1310 News:

    Greece’s Culture Ministry says the 3,350-year-old chamber near Orchomenos, an important centre of the Mycenaean era, belonged to a man who was 40 to 50 years old when he died.

    The nobleman’s tomb contained pottery vessels sheathed in tin, bronze horse bits, jewelry, bow fittings and arrowheads.

    The ministry says jewelry is more typically associated with the burials of Mycenaean women.

    So apparently, the man’s love of jewelry rivaled any Mycenaean women!

     

  • Costco’s Costly Tiffany’s “Mistake”

    Where you won’t find a Tiffany’s ring (!)

    In yet another story where a company purposefully misleads it customers, Costco’s was on the losing end of a gavel in a recent lawsuit and ordered to pay a cool $19.4 million for misleading consumers into thinking they could buy legit Tiffany bling.

    The mega-company’s defense, according to the New York Post?

    “Costco intended that the word Tiffany in its signs convey only that the rings had this style of setting — not that the rings were Tiffany & Co. brand rings,” the company said in a statement, adding “that was consistent with decades of dictionary definitions.

    Hmmm…”dictionary definitions”? Sounds fishy, for sure.

    The takeaway (as always) for jewelry purchasers everywhere: buyer beware. If a price sounds too good to be true, it probably is. Tiffany’s (in can be comfortably assumed) doesn’t sell their jewelry at “warehouse prices.” So as always, use a little common sense when investigating your next purchase.

    That doesn’t mean you can’t purchase a jewelry that has similarities to a certain style you love. Custom design jewelry can do just that: combine elements of jewelry that has caught your eye and create a new piece, original in its origin and particular in its design. (We highly suggest that route!)

     

     

     

  • Plus-sized Jewelry Making a Splash

    When checking the jewelry trends on Twitter this am, our staff became intrigued by the latest news on plus-sized jewelry. According to Mic: 

    Plus-size clothing brand Universal Standard is launching a jewelry collection on Tuesday, July 11, Mic reports. The silver necklace, choker, bracelet, earrings, and rings are designed to fit around and lay elegantly on larger bodies.

    “The most basic problem [with mainstream jewelry] is just that it doesn’t fit,” Universal Standard co-founder and creative director Alexandra Waldman. “Regular jewelry isn’t made to scale. This is a line of jewelry that is meant to look native on a bigger body. The longer necklace falls exactly as it should on a longer body. The rings fit. The jointed choker always lays flat on the chest, and can be worn on a larger neck really beautifully.”

    And yes, we get this firsthand (though we certainly feel we have scaleable jewelry that works on all types of body). We strongly advocate a holistic  approach when it comes to wearing jewelry. That means taking into consideration (prior to purchase) body type, lifestyle, budget (of course) and personal taste (of course).

    Jewelry must feel like a natural extension of you, whatever your size!

  • Rockefeller Emerald to be Auctioned at Christie’s

    Screenshot-2017-05-31-12.54.54-600x543

    (Image: Christies)

    No matter what anyone says or does, my task is to be emerald, my color undiminished. – Marcus Aurelius

    What is it about the amazing gemstone emerald that makes us wonder how such a color is possible? Well, it must be something powerful because one emerald certainly has many locked in its hypnotic grip.

    According to JCK:

    The Rockefeller Emerald, an 18.04 ct. “exceptional” Colombian gem, will highlight Christie’s June 20 Magnificent Jewels sale in New York City.

    The step-cut stone, mounted with diamonds in a piece by designer Raymond C. Yard, is considered one of the finest emeralds ever to be auctioned. It carries a $4,000,000 to $6,000,000 estimate.

    American Gemological Laboratories describes the stone as “exceptional” with “an unusual combination of size, provenance, absence of treatment, and quality factors.”

     

     

  • US Diamond Jewelry Demand Hits High

    The diamond market is an interesting barometer of purchasing trends and our economy as a whole. This latest report indicates that millenials are making their mark as well as single and/or married women who are “self-purchasing” diamond jewelry more frequently than ever (good for you, ladies!).

    (IDEX Online) – Total diamond jewelry demand from US consumers increased 4.4 percent in 2016 to exceed $40 billion for the first time, according to industry insight data published today by De Beers Group.

    While slower US GDP growth in the first quarter of 2017 is likely to have impacted diamond jewelry demand in the short term, the US has recorded five years of consecutive demand growth. US consumers now account for roughly half of all diamond jewelry purchases globally – a level not seen since before the financial crisis.

    Although bridal diamond jewelry continues to be the foundation of demand in the US, more frequent acquisitions and a higher value of spend from single women helped drive demand. Meanwhile, self-purchase trends increased among both single and married women.

    Fifty-seven percent of self-purchased diamond jewelry is acquired by married women, while a third is from Millennials. Retailers also reported high levels of consumer interest for multi-diamond pieces.

    To be noted, consumers are paying more for their jewelry, opting for quality over quantity:

    The data showed that consumers are spending more per piece on diamond jewelry, with retailers reporting an increase in the $1,000 to $4,999 category, De Beers claimed.

    This confirms our tried and true philosophy: when it comes to jewelry, you get what you pay for. If you’re interested in a custom design piece that defines you, reach out to us and let’s talk dreams. 

100 Years in Jewells Business

Today, Joseph Schubach builds upon his family's experience and continues the tradition with Joseph Schubach Jewelers, offering both intimate jewelry brokering in his Scottsdale, Arizona showroom and full-service online sales to clients from around the world, where he has maintained that personal customer connection in the virtual world.

Contact Us

Call Joe, Margie or Jen for expert help at (888) 724-8222