The family-owned jeweler will open a new showroom in Bel Air, Maryland, this fall.
On ‘Forever’
Editor-in-Chief Michelle Graff tries to understand why diamonds end up the subject of so many “they’re a rip off”-type articles in an age where nobody has a problem constantly creating waste with cheap, throwaway furniture and fast fashion.
This week, someone called my attention to a story in the print version of the New York Post highlighting a trend many in the jewelry industry are already aware of: non-traditional engagement rings.
“Basic chick” is a euphemism for “basic bitch,” a fairly new slang term created to refer to a woman who likes mainstream products or music because this is, apparently, a huge shortcoming nowadays (though only for women, of course.) Why we as a society feel the need to continually come up with new derogatory terms to refer to girls and women—and why women perpetuate negativity and stereotypes by using them—is unclear to me, but that’s beside the point of this blog.
The Post article describes a few beautiful-sounding custom engagement rings and gets a bit into the colored gemstone trend as well, with the requisite mention of the sapphire ring Kate Middleton wears.
The article, all in all, is not terrible and backs up what I just reaffirmed in interviewing millennials for a story in our next digital magazine: they aren’t afraid to break from tradition and want something different, not necessarily bigger and better.
At the end of the story, however, the Post embedded a somewhat random video called “Why Engagement Rings are a Scam,” which covers the same ground as every other “diamonds are a rip off”-type article: diamonds aren’t rare, they aren’t really worth anything, De Beers is a monopoly (incorrect; they control only 34 percent of the world’s supply at this point) that invented the idea of the diamond engagement ring in the 1930s.
While some people did exchange diamonds to mark their engagements before the ‘30s, it is correct that it was De Beers that really put the marketing muscle behind the concept with “A Diamond is Forever.”
But, De Beers is hardly the first company to try to connect with consumers in an effort to get them to buy their products, and they won’t be the last. Sorry to break the news for the star of this ill-informed video and all the other men out there that rail against the diamond ring but … there’s some type of marketing behind almost everything you buy.
Gentlemen, do you know that giant, 64-inch HD TV in your living room?
You likely bought it because Samsung or Sony or LG convinced you that you needed it, which, unless you have a vision problem or are trying to compensate for shortcomings in other areas, you don’t. You’d be perfectly fine with a much smaller, less expensive TV.
Why diamonds, which really do last forever, specifically end up the subject of so many “they’re a rip off”-type articles in a world where nobody has a problem constantly creating waste with cheap, throwaway furniture and fast fashion, I’ll never understand.
My mother has worn the same engagement ring for 45 years. I have no idea what my father paid for it back in 1969.
It doesn’t matter.
It’s something that she kept close to her for decades and that makes it worth a lot to me today.
The Latest

Amanda Ileana Hernandez is married to Carlos Hernandez, one of two men in prison for the 2024 murder of Michigan jeweler Hussein Murray.

The reimagined jewel, our Piece of the Week, trades the diamonds in the original 1998 design for blue, pink, yellow, and green sapphires.

Retailers are seeking new ways to attract customers, increase traffic, and create revenue – Estate buying events are a popular solution.

Sponsored by American Gem Trade Association


In the United States, second-quarter sales were flat amid soft consumer sentiment and lower in-store traffic.

The 22-karat gold egg, sold at Batemans Auctioneers in the U.K., was part of a 1980s treasure hunt ad campaign for Cadbury Creme Eggs.

Colored gemstones, artisan finishes, mixed metals, and meaningful details are shaping demand in bridal jewelry.

Lucara Diamond Corp., which recovered the “Motswedi” diamond from the Karowe mine, sold the stone for an undisclosed amount.

The expanded collections now feature hand-cut gemstones like topaz, tanzanite, chrysoprase, chalcedony, smoky quartz, and fire opal.

The lab-grown diamond jewelry brand’s newest boutique is in Westfield Valley Fair in Santa Clara, California.

The gemstone supplier and manufacturer acquired the remarkable 104-gram Zambian emerald at Gemfields’ auction in May.

Two suspects offered to trade the woman a “winning” lottery ticket for her jewelry.

Finsch has been in business rescue since May, and owner Petra Diamonds said it sees no viable path forward for the mine.

Michel Patrick DeSalles was sentenced after pleading guilty to the 2017 murder of Omid Gholian, who owned a jewelry store in Manhattan.

Longtime industry executive Beth Miller has taken on the role.

The brooch was owned by Virginia Fortune Ryan Ogilvy, who served as a lady of the bedchamber to Queen Elizabeth II for nearly 50 years.

Jamie Cygielman will take on the role on Aug. 24.

Moore, Polly’s husband, is remembered as a family man with an easygoing spirit and a love for sports and the outdoors.

Duvall O’Steen and Jen Cullen Williams share the best ways to display, present, and explain colored gemstones to younger customers.

The mid-year conference for jewelry and watch appraisers will take place Sept. 5-6 on Zoom.

Honest Hands Ring Co. Founder Benjamin Bosworth shared his thoughts on jewelry technology and why AI can never replace the human element.

QVC Group President and CEO David Rawlinson is temporarily being replaced by a familiar face, former QVC CEO Mike George.

The brand also added two one-of-a-kind brown diamond pieces to the “Sanssouci” series of its “Gardens” collection.

Ostbye took home top vendor honors at the Independent Jewelers Organization’s show, held last month in Kentucky.

Sponsored by Stratus Estate Buyers

Cloud, who will officially join Blue Nile on Monday, spent 26 years at Tiffany & Co. and founded jewelry brand Roseate.




















