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The Jewelry District

Pilot: New Year Edition

The Jewelry District

JCK

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

9.925 Ratings

🗓️ 30 January 2019

⏱️ 56 minutes

🧾️ Download transcript

Summary

0:35 Melissa Rose Bernardo shares a 140-year-old article from the archives of JCK Magazine on lab-grown gems.4:25 Rob Bates and Emili Vesilind discuss holiday jewelry sales.9:10 Rob and Emili discuss lab-grown diamond sales and the future of lab-grown.22:06 Emili’s Golden Globe jewelry fashion report.25:40 Emili covers the new year fashion trend “maximalism.”34:05 Rob tells the "Weird Jewelry Story of the Week39:37 Rob interviews diamond analyst Paul Zimnisky about lab-grown diamonds and the future of the industry.Hosted by: Rob BatesJCK Staff: Melissa Rose Bernardo, Emili VesilindGuest: Paul Zimnisky, Diamond AnalystEngineers: Levi Sharpe, Ed PatenaudeEditor: Jamie BergerProducer: Natalie ChometPlugs: jckonline.com (http://jckonline.com), @jckmagazine (https://www.instagram.com/jckmagazine/), paulzimnisky.com (http://www.paulzimnisky.com)Show SummaryFrom the ArchivesIn honor of JCK magazine’s 150th anniversary, Managing Editor Melissa Bernardo dug up an article from the February 1878 issue of The Jewelers Circular and Horological Review, which is what JCK magazine was called at the time. This over 140-year-old news item concerns something we think of as the latest technical innovation: lab-grown gems. This vintage article documents a “highly successful” attempt at producing artificial rubies and sapphires in France that “might perhaps lead to the manufacture of diamonds.” A century ago, JCK covered the prediction that lab-grown diamonds could be on the horizon.Holiday Sales and TrendsEmili Vesilind reports that jewelry retailers had a solid, strong season, though she reads that traffic was slightly lower in stores, along with a more dramatic rise in online traffic. Rob says that sales went up, but not as much as it did the year before. Hopes were high, and the trends stayed fairly standard rather than having a dramatic rise. Rob and Emili also discuss lab-grown diamonds, and whether their attractive prices or their eco-friendly pitches mark a trend that has staying power.Golden Globe TrendsEmili observes that the trend that emerged at the Golden Globes was a parade of glamor and maximalism. The Golden Globes marked a break from the past, when simple everyday pieces and “daily gold” had been the most prevalent trends. Now, chunky pieces are entering the scene. Emili also marks a return to ‘70s and ‘80s-style layering, as opposed to the single statement pieces of the more recent past.Weird Story of the WeekRob tells the story of a British Reddit user who gets swept up into the trend of New Years’ Eve proposals. The confused fellow who lives with his long-term girlfriend purchases an engagement ring with the intent to propose to a love interest he’s started seeing at work. On New Year’s Eve, he spontaneously proposes to his girlfriend, giving her the ring, and turns to Reddit for legal advice: is it possible to call the whole thing off and return the engagement ring? Tune in for the exciting conclusion!Interview with Diamond Analyst Paul ZimniskyRob interviews Paul Zimnisky about how he got into the business of diamond analysis. They delve into the supply and demand of the diamond business, and their effect on pricing. Paul has observed demand for diamonds grow for the last four to five years, despite talk of fewer millennials getting married. He sees the incremental increase in supply in 2017 as a contributing factor to the pressure on diamond pricing in the recent past. Rob gets Paul’s take on how lab-grown diamonds fit into the supply/demand equation for the rest of the diamond market.

Transcript

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0:00.0

Welcome to the jewelry district, a podcast by J.C.K. Magazine and J.C.

0:08.3

Online. Today, J.C.K.'s Rob Bates and Emily Vesseland will talk about the hot news in the industry,

0:14.2

a weird jewelry story of the week, and Rob will interview Diamond analyst Paul Zemnitsky about lab-grown diamonds and the future

0:22.5

of the diamond industry. But first, we'll start with something from the archives of JCPK magazine

0:28.3

that's over 140 years old.

0:34.2

All right, so in honor of JCPK's 150th anniversary, we're going through our voluminous archives here.

0:43.5

And managing editor Melissa Rose Bernardo says she's found something really cool from the archives.

0:50.8

All right. Thanks, Rob. So this is from the February 1878 issue. I remember that one. Yeah.

0:57.9

Yes. We all do, don't we? Of the Jewelor's Circular and Orological Review, that's what JCPay was called back then. And this is from the Foreign Notes section. So this is a little technical, but I think the chemistry buffs out

1:13.6

there will find it interesting. The artificial production of rubies and sapphires in France is regarded

1:19.5

as highly successful. 1878, remember. The process consists chiefly of heating to redness for 20 days, a mixture of plumbic

1:30.8

aluminum with silica.

1:33.4

The illuminate crystallizes out in the form of quorum.

1:38.3

Does this sound familiar at all?

1:40.9

A real compelling writing there.

1:42.2

Yeah, no, it's a...

1:42.8

Right?

1:46.0

Sounds interesting. Yeah, I don't really understand all that stuff, so...

1:49.0

The addition of potassium bichromat turns the corundum to ruby, the addition of cobalt oxide turns the

1:56.0

corundum to sapphire.

1:58.0

The artificial gems meet every test which can be applied to the natural ones.

2:03.3

Okay, now this is actually the super interesting part. The recent reduction of oxygen, nitrogen,

...

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