The high-end jewelry retailer was sold to private investment firm Middle West Partners and a group of longtime clients.
5 Things to Know About … Rainbow Lattice Sunstone
Learn more about the feldspar with magnetite inclusions in perfect parallel lines.

There’s something so striking about geometry and perfect patterns found in nature.
For one small area in northern Australia, these features are presented in the form of “lattice” pattern inclusions in a gemstone that would make any rock hound stop in her or his tracks.
Rainbow lattice sunstone is unusual in its appearance—showing both aventurescence, caused by small inclusions of a mineral with a highly reflective surface, and the optical phenomenon adularescence—and rare to find.
It is rare for aventurescence to occur together with adularescence, and the material is made even more interesting when you add the presence of the colorful lattice.
Asterism Gems Australia, a company formed in 2015, is working to get approval on a mining lease for the small area from which it is sourced.
Here are five things to know about rainbow lattice sunstone.
1. It’s relatively new, in mining terms.
Darren Arthur and a late friend, Sonny Mason, were the original discoverers of the material in 1985.
Arthur said Mason had a small claim on it for some years, with small amounts of rainbow lattice sunstone filtering into the market over time, but that claim lapsed a few years ago.
In 2015, Arthur and a second gemologist created Asterism Gems. They then assessed and sampled the area that showed potential for a mining lease, and, having enough stock to supply the market, started the lease application process.
Arthur said the company expects it be approved later this year.
2. It has an interesting composition.
Rainbow lattice sunstone is a feldspar comprised of 75 percent orthoclase and 25 percent albite.
(The material has been referred to as “rainbow lattice sunstone” since its discovery, but Arthur said the company recently decided to drop the “sunstone” moniker for marketing purposes and to avoid comparison to regular sunstones. However, since much of the educational material about it still uses the whole name, including an article referenced below, I decided to keep it.)
It originally was believed that the black blades and triangle inclusions were ilmenite, but improved technology over the last three decades has shown them to be magnetite.
In fact, the Gemmological Institute at the China University of Geosciences recently took another look at the material and just published an article in the Gemmological Association of Great Britain’s Journal of Gemmology (36(1), 2018, pp. 44–52) confirming this and more about the science behind rainbow lattice sunstone.
The material, it said, features a rare combination of phenomena including aventurescence
The Journal also noted that the inclusions causing the aventurescence have been identified as hematite, while the lattice patterns consist of “orangey brown” platelets of hematite and black platelets of magnetite.
3. It only comes from one place.
Rainbow lattice sunstone is found in a remote area of desert named the Mud Tank Zircon Field, located in Harts Range in Australia’s Northern Territory.
Once Asterism’s mining license is approved, the company will have the only mining claim for the area, both Arthur and Gem-A said. Arthur said they will mine using only hand tools.
(According to the aforementioned Gem-A article, there is another rainbow lattice sunstone occurrence a little more than 4 miles away, but it produces lower-quality material.)
4. Production is small.
According to Asterism Gems, rainbow lattice sunstone is a difficult material to work with and has a lot of cracks, so it can be hard to find any sizeable, clean pieces.
Arthur said the mining lease will be smaller than 500 x 400 meters, an area which includes the entire deposit. He added they have found material in less than 10 percent of this area.
He called it a “very finite deposit” that “rarely” provides good size and the fine quality needed to cut the best gems. “Indications are that over 90 percent of what we will mine will only suit the metaphysical and collector’s market,” with only a small amount of gem quality being produced per day.
It is sold as both partially polished rough pieces as well as cabochons.
When it comes to pricing, though, rainbow lattice’s value has steadily increased over the past few years, he added.
5. There is opportunity in the U.S. market.
For the past two years, Asterism Gems has exhibited at the Riverpark Inn in Tucson, Arizona, when the gem shows take over the city.
“Rainbow lattice has been well accepted in the U.S. and, to date, it is our biggest market,” Arthur said.
He added that the Chinese and Japanese markets are starting to learn about it, and the company expects demand to increase over the next year as full-scale mining begins.
The Latest

The jewelry designer has partnered with Sofer Jewelry to distribute her 85-piece lab-grown diamond collection.

Dunn, this year’s Single-Store Independent inductee, is passionate about innovation and telling the story of natural diamonds.

Experience gemstones with greater precision and comfort than ever before.

The 24-carat fancy intense pink diamond ring could fetch up to $18 million at the November sale.


The “Island Jewel” candle honors New York City and Puerto Rico and raises money for the island’s water relief efforts.
The partnership will give JA members access to preferred pricing, exclusive benefits, technology solutions, education, and resources.

Submit your pieces for a chance to win in this year's competition.

Stores should expect to see the most customers on Nov. 27, and Christmas week is expected to be hectic too, as Dec. 25 falls on a Friday.

The charm, our Piece of the Week, features brown diamond frozen hot chocolate topped with white diamond whipped cream and a ruby straw.

The top lot of Elmwood’s recent fine jewelry sale in London was a 1.84-carat, D color Tiffany & Co. solitaire diamond ring.

The watch company agreed to sell a 95 percent interest to a group comprised of F.P. Journe, Chanel, and Swiss watch exec Pierre Jacques.

This round of tariff refunds is for importers that have sued over IEEPA tariffs in the Court of International Trade and won.

It revisits the brand’s most requested silhouettes, from "Pillow"-set necklaces and bracelets to "Signature"-set rings and earrings.

The trade-only event includes buying opportunities as well as educational sessions on artisanal mining, the new Paraíba source, and more.

Ara Chanakian, a jeweler at Pattons, took home top honors in every category at Jewelers of Louisiana’s annual jewelry design competition.

The live charity benefit sale in Nashville will also feature gowns, boots, and other memorabilia from the country music legend.

Sponsored by Overnight Mountings

The supplier organization recently joined JA and JVC to have more input on political issues affecting the jewelry industry.

Blue Nile, a Signet Jewelers-owned brand, is now Royal Asscher’s exclusive licensed retailer in North America.

“Royal Oak” pays homage to the brand’s most popular watch model using 18-karat gold as well as diamonds, emeralds, and sapphires.

As part of the transition, Joseph Nicosia has stepped into the role of COO.

Participants now have until Oct. 14 to complete their submissions.

The alleged thieves used crow bars and sledgehammers to smash into jewelry stores across the state.

Ahead of the holidays, Smith urges jewelers to take a hard look at who’s buying jewelry, what they’re purchasing, and who’s stopped buying.

In the new consumer-facing campaign, four fashion and lifestyle creators share the stories behind their natural diamond pieces.

FGI President John Orrico is also leaving the company after more than 13 years.























