SourcingMay 24, 2022
State of the Diamond Industry: Where Does Supply Go From Here?GradingAug 24, 2022
IGI Becomes Valuation Partner for Luxus
Launched in May, Luxus is an investment platform that specializes in rare gems and high jewelry.
Grading lab IGI is now the valuation and content partner for Luxus, a new platform for investing in high jewelry and rare watches and gemstones, like the pink diamond pictured here. (Photo courtesy of IGI/Luxus)
New York—Luxus, a new platform that allows people to invest in “best in class” gemstones, high jewelry and rare watches, now has a partnership with the International Gemological Institute.
The two organizations announced jointly last week that IGI, an Antwerp-based grading lab with 20 labs worldwide, will serve as the platform’s independent valuation partner, determining fair market value for pieces listed on the platform.
IGI joins the Gemological Institute of America in working with Luxus.
GIA provides grading and authenticity services to the platform, while Luxus also includes Rarity reports from The Fancy Color Research Foundation for fancy colored diamonds.
In addition to valuation services, IGI will become Luxus’ first content partner, the organizations said.
The lab will provide Luxus with access to its library of online education resources and allow the platform to incorporate the content into its web-based applications.
Luxus also will be able to use IGI’s library to educate investors on how precious gems can be used as inflation-hedging securities and to diversify their portfolio.
Related stories will be right here …
The two organizations announced jointly last week that IGI, an Antwerp-based grading lab with 20 labs worldwide, will serve as the platform’s independent valuation partner, determining fair market value for pieces listed on the platform.
IGI joins the Gemological Institute of America in working with Luxus.
GIA provides grading and authenticity services to the platform, while Luxus also includes Rarity reports from The Fancy Color Research Foundation for fancy colored diamonds.
In addition to valuation services, IGI will become Luxus’ first content partner, the organizations said.
The lab will provide Luxus with access to its library of online education resources and allow the platform to incorporate the content into its web-based applications.
Luxus also will be able to use IGI’s library to educate investors on how precious gems can be used as inflation-hedging securities and to diversify their portfolio.
“This partnership with Luxus allows us to leverage our diversified audiences and grow their understanding of the value of diamonds and gemstones,” IGI North America President Avi Levy said. “We are excited about what our partnership means for the future of the industry as new investors and jewelry enthusiasts are introduced to this new asset class.”
Luxus launched in May 2022 with one asset, a pink diamond from the now closed Argyle mine in Western Australia secured in partnership with Kwiat and Fred Leighton. It has since expanded its offerings.
For more information on the platform, visit the Luxus website.
More on Grading
The Latest
ColumnistsJan 31, 2023
Squirrel Spotting: How About a Word for the New Year?It begins with a “t” and ends with a “c” and is imbued with warmth and positivity, Peter Smith writes.
Policies & IssuesJan 31, 2023
Rio Tinto Issues Apology After Radioactive Capsule Goes Missing The tiny capsule, which is believed to have fallen out of a truck, was lost somewhere along an 870-mile stretch of desert road.
MajorsJan 31, 2023
Indian Jewelry Brand Tanishq Opens First U.S. Store, More on the WayThe jeweler’s expansion plans include 20 to 30 more stores in North America and the Middle East over the next two to three years.
Brought to you by
Bringing Over 130 Years of Diamond Expertise to Modern GradingDe Beers Institute of Diamonds provides the very best in diamond verification, education and diamond services.
Events & AwardsJan 31, 2023
Gucci Is Getting a Gem AwardThe Italian luxury brand will receive the first Gem Award for High Jewelry Excellence.
Weekly QuizJan 26, 2023
This Week’s QuizTest your jewelry news knowledge with this short test.
MajorsJan 31, 2023
Martin Flyer Names New VP of Business DevelopmentIndustry veteran Kevin Lane has stepped into the role.
MajorsJan 30, 2023
Researchers Uncover Bejeweled ‘Golden Boy’ MummyThe ancient Egyptian teenager was buried 2,300 years ago with 49 amulets to guide him through the afterlife.
Brought to you by
De Beers Institute of Diamonds Expands to Offer Education De Beers is sharing over 130 years of experience and expertise through the De Beers Institute of Diamonds with a selection of courses.
SurveysJan 30, 2023
Consumers Embracing Non-Traditional Ways to Mark Valentine’s Day The NRF’s annual survey shows that consumer attitudes about how, or even whether, to celebrate Feb. 14 continue to evolve.
Events & AwardsJan 30, 2023
JA Is Searching for the Next Retail ’20 Under 40’ Nominations are open now through March 24.
MajorsJan 30, 2023
10 Jewelry News Stories You Might Have MissedA column detailing how independent jewelers did last year and the top watch brands of 2022 were among the most-read stories last week.
FinancialsJan 27, 2023
Tiffany & Co. Shines for LVMH in 2022Acquired in 2021, the brand’s high jewelry sales have doubled and its new “Lock” collection was an instant hit.
MajorsJan 27, 2023
Diamond Council of America Appoints Treasurer, Board MemberExecutives from Fred Meyer Jewelers and Riddles Jewelers have filled the roles.
CollectionsJan 27, 2023
Piece of the Week: Heavenly Vices’ Lock NecklaceThe Victorian-inspired design is a functional lock and key.
Supplier BulletinJan 26, 2023
JA New York Spring Brings the Industry TogetherFor over 100 years, JA New York has played an integral role in facilitating the evolution of our industry, while also honoring past traditions.
TrendsJan 26, 2023
At Vicenzaoro, Paola De Luca Gazes Into Jewelry’s FutureThe trend forecaster and her guests explored unconventional jewelry designs, NFTs, AI art, and more during her Trendvision presentation.
CollectionsJan 26, 2023
NDC and Lorraine Schwartz Announce New ‘EDDI’ ClassThe Emerging Designers Diamond Initiative provides diamond credit and mentorship to young brands helmed by BIPOC designers.
IndependentsJan 26, 2023
Lee Michaels Fine Jewelry Set to Open 10th StoreIt will be located in San Antonio’s Alamo Quarry Market and will be Lee Michaels’ third location in the city.
Policies & IssuesJan 26, 2023
Diamonds Do Good Names 10 to Board of DirectorsStephanie Gottlieb, Jewelers Mutual’s Mike Alexander, and Craig Rottenberg of Long’s Jewelers are among the new board members.
WatchesJan 25, 2023
These Were 2022’s Top-Selling Watch Brands, Chrono24 SaysRolex remained No. 1 while a brand known for its pilot watches slipped into the No. 5 spot.
MajorsJan 25, 2023
John Hardy Names New CEOLuxury retail executive Frédéric Levy has taken on the role.
Events & AwardsJan 25, 2023
Couture DAC Accepting Applications for Mentorship ProgramJewelry designers have until early February to apply to take part in Couture's Diversity Action Council program.
CollectionsJan 25, 2023
Stephanie Gottlieb Announces First President, CCO HireMorgan P. Richardson joins from La Perla.
Policies & IssuesJan 25, 2023
PGI’s New Portal Wants to Teach You About PlatinumThe new portal will share information on responsible platinum sourcing and how it’s used beyond jewelry.
SourcingJan 24, 2023
Tiffany Buys 35 of the Last Diamonds Recovered From Argyle Purchased directly from Rio Tinto, the collection consists of pinks, purples and one red, none larger than 1.52 carats.
ColumnistsJan 24, 2023
On Data: Here’s How Independent Jewelers Did in 2022 Sherry Smith breaks down retailers’ performance last year, including how natural diamonds fared vs. lab-grown.
MajorsJan 24, 2023
WJA Announces New International Board MembersThe seven newcomers include executives from David Yurman, De Beers, and GIA.
