Salient to Investors: Costco’s “Tiffany” engagement rings have nothing to do with the New York jewelry store, who is now fighting Costco in a multimillion-dollar trademark suit. In 2005, Good Morning America appraised a $16,600 Tiffany at $10,500 and a $6,600 Costco “Tiffany” at $8,000. Read the full article at http://www.businessweek.com/articles/2013-05-06/tiffany-vs-dot-costco-which-diamond-ring-is-better#r=rss
READ MORE... →Salient to Investors: The Archduke Joseph Diamond sold for $282,545 per carat, a record for a colorless stone. Geoffrey Munn at Wartski said the best diamonds have become extraordinarily valuable – there’s a scramble to buy jewels as a hedge. Munn said colored diamonds, which have set the highest auction prices, are rarer and more
READ MORE... →Salient to Investors: Emeralds are rarer than diamonds but cheaper. IDMA said at current growth rates, emeralds could take more than 20 percent of diamonds’ market share within two decades. Red, green and blue stones comprise just 10 percent of global gem sales and lack standardized pricing. The colored gem market was equal in size
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