It will quit assigning the stones specific color and clarity grades in favor of applying “new descriptive terminology.”
10 Jewelry News Stories You Might Have Missed
Lord & Taylor’s bankruptcy filing, Oscar Heyman’s holiday catalog, a record-setting Rolex auction, and more.

The jewelry industry also said goodbye to Roger Gesswein Jr., the third generation of his family to lead tools and equipment supplier Paul H. Gesswein Co.
He was remembered by loved ones for his dedication to the industry and his generous nature.
Read on for more of the top jewelry news from last week.
1) This Rolex Set a Record for a Watch Sold at an Online Auction
The 18-karat gold Daytona JPS Ref. 6264 garnered $1.5 million in a Sotheby’s single-lot sale.
2) 5 Retail Trends on Our Radar
From offering immersive micro-experiences to fostering safe and comfortable spaces, retailers across industries must keep getting creative to remain relevant to consumers.
3) GIA Will Start Using Artificial Intelligence for Diamond Clarity Grading
The system is currently being tested in New York and Carlsbad, with an industry-wide rollout expected next year.
4) Jewelers of America Board Elects New Director
Robert Marks is president of Rogers Jewelry Co. in Modesto, California.
5) Roger Gesswein Jr., a True Gentleman, Dies at 77
He was the third generation to lead tools and equipment supplier Paul H. Gesswein Co.
6) Amanda’s Style File: Peridot and Spinel
August is heating up, courtesy of some fantastic birthstone jewelry designs.
7) Oscar Heyman’s Holiday 2020 Catalog Is Its Biggest Yet
Though the photoshoot was delayed due to the coronavirus, the catalog will still arrive to jewelry stores in early October.
8) See Jewelry from the Brilliant Earth, Alrosa Collaboration
Ten percent of sales from the jewelry collection will go to Feeding America’s COVID-19 Response Fund.
9) On Data: Sales Show Continued Improvement in July
Following a “dismal” April and a “bleak” May, Sherry Smith notes that independent jewelers’ sales have warmed up recently, particularly in this one category.
10) Lord & Taylor Files for Bankruptcy, Seeks New Owner
The department store chain and owner Le Tote join the nearly 40 retailers that have filed for bankruptcy this year.
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On an earnings call, CEO J.K. Symancyk discussed what’s working for the company and how it’s preparing for the potential impact of tariffs.

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The index partially rebounded after months of decline, due in part to the U.S.-China deal to temporarily reduce import tariffs.

The actress stars in the latest campaign set in Venice, Italy, and is set to participate in other creative initiatives for the jeweler.

The company has joined other labs, including GIA and Lotus Gemology, in adopting the Chinese term for "jadeite jade."

The large stone will be offered at its June sale along with a selection of secondary-type rubies from a new area of the Montepuez mine.

Located in Bangkok, the laboratory is Gemological Science International’s 14th location worldwide.

Those born in June have a myriad of options for their birthstone jewelry.

The diamond industry veteran has been named its senior sales executive.

The company plans to raise the prices of select watches to offset the impact of tariffs.

Between tariffs and the sky-high cost of gold, designers enter this year’s Las Vegas shows with a lot of questions and few answers.

Designed by founder Renato and his daughter Serena Cipullo, it showcases a flame motif representing unity and the power of gathering.

However, the tariffs remain in effect in the short term, as an appeals court has stayed the U.S. Court of International Trade’s decision.

The pop icon is one step closer to launching her “B Tiny” jewelry collection, a collection she first began posting about last fall.

Sponsored by Stuller

It was featured in the miner’s latest sale, which brought in $24.8 million.

GemText AI uses artificial intelligence to generate tailored product titles, descriptions, and tags with jewelry-specific language.

Aging and with myriad health issues, none will serve time for their roles in robbing the billionaire celebrity at gunpoint in 2016.

The WNBA team received rings imbued with meaning, from leaf motifs and its Liberty torch to the number of diamonds used.

A longtime executive at RDI Diamonds, Rickard has served on the JBT board for the past five years.

The two organizations have signed an affiliation agreement that’s expected to be finalized in the coming weeks.