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The Jewelry District

Episode 63: Tucson Gem Shows, Kering, and Small Diamonds

The Jewelry District

JCK

Fashion & Beauty, Business News, Business, Arts, News

9.9 • 25 Ratings

🗓️ 15 February 2022

⏱️ 26 minutes

🧾️ Download transcript

Summary

You’ll hear JCK editor-in-chief Victoria Gomelsky (https://www.jckonline.com/writer/victoria-gomelsky/) and news director Rob Bates (https://www.jckonline.com/writer/rob-bates/) talk about the Tucson gem shows, Kering's sale of two watch brands, small diamonds, and Rob’s new book.Show Notes00:30 Victoria talks about her time at the Tucson gem shows.09:19 Rob shares his thoughts on the sanctions on Burmese gems.14:26 Victoria and Rob discuss luxury conglomerates such as Kering.21:23 Rob recently wrote a story on how hot small diamonds are becoming. He also shares information on his new book, Murder Is Not A Girl’s Best Friend. Episode CreditsHosts: Rob Bates and Victoria GomelskyProducer and engineer: Natalie ChometPlugs: jckonline.com (https://www.jckonline.com/), @jckmagazine,  (https://www.instagram.com/jckmagazine/)robbatesauthor.com (http://robbatesauthor.com/)Show RecapArizona’s Tucson Gem ShowsVictoria just came back from the Tucson gem shows, which typically have a huge international presence, but this year drew more of an American audience. She says the dealers had really great shows, with growing interest in rare and unusual stones. One of the most expensive gems at the show was an 80.26 ct. Burmese royal blue sapphire, with a retail value north of $10 million. Victoria says the fact that this gem was displayed at the show is proof of the strength of the marketplace. People are willing to buy high-priced gems. However, Victoria says mining is still feeling the effects of the pandemic.Gem SanctionsRight before Tucson, Rob says the U.S. government put out a business advisory (https://home.treasury.gov/system/files/126/20220126_burma_advisory.pdf) warning dealers to make sure they are not sourcing gems from Myanmar (also known as Burma) because of the sanctions against the major gem miners there. Victoria wonders how these kinds of bans are enforced, and Rob says he doesn’t believe they are. If the government really wanted to enforce them, it would have to be clearer in what they actually want people to do.KeringKering is a conglomerate of luxury brands (Gucci chief among them), and it's just recently sold two watch brands, Girard-Perregaux and Ulysse Nardin. Victoria says Kering also has been really progressive in its sustainability efforts, and has been a real leader in that space. She talks about how watch brands generally have not been part of big conglomerates, and perhaps we are starting to see a return to that.Small Diamonds and Rob’s New BookRob just wrote a piece (https://www.jckonline.com/editorial-article/small-diamonds-are-now-big/) about small diamonds and says they’re hot with prices going up. Interestingly, there also is a similar shortage on the lab-grown diamond side. Pivoting at the end of the podcast, Victoria joyously announces that Rob just had his second book published! The book, Murder Is Not A Girl’s Best Friend, is a sequel to his first, A Murder Is Forever.

Transcript

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0:00.0

Welcome to the Jewelry District, a podcast by J.C.K.

0:13.9

Today, Rob Bates and Victoria Gimelski talk about Tucson, carrying sale of two watch brands, small diamonds, and Rob's new book.

0:29.8

Hey, everyone. Welcome to the jewelry district. This is Victoria Gimelski, editor-in-chief of JCPay

0:36.3

and JCPay Online.com. Calling in from Los Angeles, and I'm with.

0:40.6

Rob Bates, news director of J-C-K and J-C-K Online.com, calling in here from New York City, the heart of

0:48.8

Heartless New York City. Heartless? No, it's not hard. Got a big heart that town. Yes, it's a great town.

0:55.0

Beautiful town.

0:56.0

It's a great town.

0:57.0

I'm in a flurry of airline flight hunting, searching.

1:00.0

I'm coming in soon.

1:02.0

It's been all about travel this year.

1:04.0

I must say, 22 has gotten off to a good start.

1:07.0

So in New York will be kind of the highlight of my spring, I must say. I believe we're getting

1:12.0

rid of the mask mandate so we can actually talk in a non-awkward weird way. That'll be fun.

1:18.5

It will be fun. It's going to be like weird and odd, but all good. I mean, listen, to be

1:23.5

honest, I've had my own mask mandate lifted personally. I mean, not that I break laws or

1:29.0

anything or break mandates, you know, the government sets. But yeah, I think we're all getting

1:34.1

pretty comfortable with this idea of things easing off and life going back to something.

1:40.1

I'm so used to it. I just wear it all the time. I just put it on kind of as a matter of habit.

1:44.7

I mean, it's not the biggest deal in the world. So pretty much every time I go out, I wear it.

1:48.5

But I could certainly adjust to life without it. Yeah, I think it's probably like a little

1:52.4

security blanket for people in some ways, you know, just something that is a ritual at this point.

...

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