Another mystery in The Garden of Adin

ANTWERP, June 21 (Reuters) – Botanists at Adin, Antwerp - Belgium, have discovered a till-now-unknown flower in their garden. They suspect the plant belongs to the family of the Pansy (Viola Tricolor Hortensis). Lead author and a researcher Elkan Wijnberg at Adin Antique Jewelry suggested to name this flower Viola Albino Diamantes. Soon an article will be published in the magazine of Adin's Association for the Advancement of Science (not to be confused with the American Association for the Advancement of Science - AAAS ). We'll keep you updated!

Click the picture to get to the descriptive page of this flower.

Antiqualy yours,
The Adin team
www.adin.be


P.s. Perhaps you know someone who might be interested in receiving our mails? Forward them this mail and they can subscribe themselves at: our subscription page

See our:
floral jewelry
latest acquisitions
complete inventory
or read our explanations on:
flower symbolism
extensive antique jewelry glossary
antique jewelry style overview

Subtle Luxury for the Groom

You probably know the name Tacori from their beautiful wedding and engagement rings for women. However, the company also has some really interesting men's wedding bands that allow grooms to enjoy a bit of sexy - but secret - luxury. The fancy details, like diamonds and engraving, are located INSIDE the band and along the edge, or "shank," of the ring. Your guy can walk around feeling like a prince without worrying that he's coming off as too flashy.

Top left: Check out the low-key luxe of this 18K white gold men’s band. It has a highly polished finish with diamond accents along the edge. A tiny 5-crescent design adds further cachet. The width of the band is approximately 5 mm. 

Top right: This 18K red gold men’s band has a softly pebbled texture, except for the edge. That small strip is highly polished and plain on the outside, but has a bit of engraved flair hidden within. Width of the band: approximately 6 mm. 

Bottom left: This 18K yellow gold men’s band is also softly pebbled, but with an added twist. The subtle miligrain edge has small diamond accents and a 5-crescent design. Width: 6 mm. 

Bottom Right: Super hot! The elaborate hand-engraving on this platinum band appears on the inside edges only. Pave diamonds line the edge of this 6.5 mm band. 

Each of these beauties are hand-made for the lucky groom. All designs are available in Platinum and 18K gold.

Designing Your Own Designer Diamond Rings Online

Shopping for the perfect designer ring for your engagement or wedding ring can be an exciting but overwhelming experience. Jewelry counters are filled with hundreds of diamond and gold rings, but sometimes none are 'just right'. Perhaps you see a beautiful ring in platinum, but you would prefer a diamond ring in yellow gold. Or, maybe you are looking for a unusual setting for a diamond ring to give your fiance a designer ring that reflects her unique personality. Designing your own ring online lets you create a beautiful ring that you won't find in any store.

Creating your own diamond designer ring online has many advantages. As the designer of the ring, you can make it to your exact preferences, choosing the setting for the engagement ring, the size and type of gemstone you want in the ring, and the color of the metal. Create a completely unique diamond ring in yellow gold, platinum or silver. Add other gemstones such as Tanzanite, emerald or rubies to your diamond designer ring. Using you and your fiance's birthstones, or the stone from the month that you met is an extremely romantic way to add extra special meaning to your engagement ring and is just one of the ways that you can create a one-of-kind designer ring that has personal meaning.

Browse through a selection of settings for engagement rings online to get an idea for what style you are looking for. Do you want something simple and classic, such as a plain band with a princess cut solitaire diamond? Or maybe you want to create an unusual setting for a diamond ring, with trillion cut gemstones and an asymmetrical design? When designing settings for an engagement ring, try to imagine what you (or your fiance) will wear. You want to design a beautiful ring that will be worn every day, and will match the wearer's sense of style. An unusual setting of diamond ring might not be appreciated by someone who has a more traditional style, while the simpler, popular settings for an engagement ring might seem boring to a woman to likes to look different.

One big advantage of designing rings online is that you are able to work to your budget. By changing the size, quality and type of gemstones in your designer ring, or the metal in the setting of an engagement ring, you can adjust the cost. For example by choosing a setting for your diamond ring in yellow gold you may be able to afford a larger gemstone than if you opted for one of the more expensive platinum settings for an engagement ring.

Another plus is that you can design in your own time, playing with an almost endless selection of settings for an engagement ring, swapping gemstone shapes and colors, and even letting friends and family preview the designs to get their opinion on your designer ring. You will save time by not trailing around the jewelry shops trying to find the perfect, beautiful ring and will have fun creating your own, unique diamond designer ring.

Platinum Gets Dented in the Auto Industry's Pileup

Slumping Car Demand Crimps Need for Catalytic Converters, a Big User of Metal, but Possible Drop in Mining Output May Buoy Prices,

At Friday's lows, spot-month futures on the New York Mercantile Exchange were down 38% on the year and 59% from the record set in March as the global economic slowdown pinches industrial use.

Platinum could fall further on weakness in the auto sector, but then stabilize or rise modestly as investment liquidation runs its course and due to potential for output cuts as the price approaches the cost of mining, analysts said. This makes it a great time to buy platinum wedding bands.

The impetus for the early year peak was worries about tight supplies exacerbated when South Africa state-owned utility Eskom Holdings Ltd. announced electrical shortages that curtailed mining output.

"Supply was being outpaced by demand," said Bart Melek, global commodity strategist with BMO Capital Markets. "We had a massive rally way above the marginal cost of production."

Since then, the auto industry has slumped. This hurt platinum demand because its main industrial use is for catalytic converters.

Nearby October platinum Friday fell $22.60, or 2.3%, to settle at $957 a troy ounce. Most-active January lost $20.80, or 2.1%, to $965.80.

James Moore, an analyst with TheBullionDesk.com, said platinum's recent move is cyclical, reflecting changed fundamentals. Moreover, he said, the fundamentals perhaps were "overexaggerated" as prices soared at the start of the year. But he doesn't look for the recent slide to continue much longer because a "delicate balance" remains in the market.

"Eskom has already said they can't increase their energy capacity for at least another five years," Mr. Moore said. "The producers are struggling against rising costs and having to excavate metal from much deeper ore bodies. This has a massive impact on their bottom line."

If profitability suffers, downward price corrections such as the current one could prompt producers to shut down some of their operations, he said.

"In my view, it would be naive to think that the market is going to continue lower," Mr. Moore said. "We may see some further downside initially, but then look for it to possibly stabilize around $1,000 to $1,300 for the latter part of the year and heading toward next year."

BMO's Mr. Melek estimated that the cash costs of production for platinum-mining operations are between $700 and $1,000 an ounce.

"They might still go lower," he said of platinum prices on things like platinum wedding rings. "But they ultimately will have to rebound because we're hitting the marginal cost of production for many producers."

CPM Group analyst Carlos Sanchez also said there could be more selling pressure, but prices may soon stabilize.

Not only has platinum been hurt by concerns about reduced motor-vehicle production, but expectations are for a shift toward smaller vehicles at a time of high fuel prices. Smaller engines require less platinum group metals for auto catalysts, Mr. Sanchez said. Meanwhile, no further supply disruptions have occurred in South Africa lately, he said.

But at the same time, he said, many investors already may have sold some positions.

"You may go to $900," Mr. Sanchez said. "But they're already low compared to what they have been the last couple of years. So you may not have further selling."

In other commodity markets:

SUGAR: Prices dropped to a four-month low on ICE Futures U.S. as speculators exited from bullish positions, but the market pared losses before a vote by the House of Representatives approving the $700 billion financial-rescue package. ICE March world sugar fell 0.47 cent, or 3.6%, to 12.61 cents a pound.

CRUDE OIL: Futures zigzagged before ending slightly lower as traders mulled whether the passage of the rescue bill would stabilize demand. Demand concerns were reinforced after the Labor Department reported that nonfarm payrolls fell more than expected in September, the steepest decline since March 2003. Light, sweet crude fell nine cents, or 0.1%, to $93.88 a barrel, on the New York Mercantile Exchange.

By: Allen Sykora
Wall Street Journal; October 5, 2008

Platinum Gets Dented in the Auto Industry's Pileup

Slumping Car Demand Crimps Need for Catalytic Converters, a Big User of Metal, but Possible Drop in Mining Output May Buoy Prices,

At Friday's lows, spot-month futures on the New York Mercantile Exchange were down 38% on the year and 59% from the record set in March as the global economic slowdown pinches industrial use.

Platinum could fall further on weakness in the auto sector, but then stabilize or rise modestly as investment liquidation runs its course and due to potential for output cuts as the price approaches the cost of mining, analysts said. This makes it a great time to buy platinum wedding bands.

The impetus for the early year peak was worries about tight supplies exacerbated when South Africa state-owned utility Eskom Holdings Ltd. announced electrical shortages that curtailed mining output.

"Supply was being outpaced by demand," said Bart Melek, global commodity strategist with BMO Capital Markets. "We had a massive rally way above the marginal cost of production."

Since then, the auto industry has slumped. This hurt platinum demand because its main industrial use is for catalytic converters.

Nearby October platinum Friday fell $22.60, or 2.3%, to settle at $957 a troy ounce. Most-active January lost $20.80, or 2.1%, to $965.80.

James Moore, an analyst with TheBullionDesk.com, said platinum's recent move is cyclical, reflecting changed fundamentals. Moreover, he said, the fundamentals perhaps were "overexaggerated" as prices soared at the start of the year. But he doesn't look for the recent slide to continue much longer because a "delicate balance" remains in the market.

"Eskom has already said they can't increase their energy capacity for at least another five years," Mr. Moore said. "The producers are struggling against rising costs and having to excavate metal from much deeper ore bodies. This has a massive impact on their bottom line."

If profitability suffers, downward price corrections such as the current one could prompt producers to shut down some of their operations, he said.

"In my view, it would be naive to think that the market is going to continue lower," Mr. Moore said. "We may see some further downside initially, but then look for it to possibly stabilize around $1,000 to $1,300 for the latter part of the year and heading toward next year."

BMO's Mr. Melek estimated that the cash costs of production for platinum-mining operations are between $700 and $1,000 an ounce.

"They might still go lower," he said of platinum prices on things like platinum wedding rings. "But they ultimately will have to rebound because we're hitting the marginal cost of production for many producers."

CPM Group analyst Carlos Sanchez also said there could be more selling pressure, but prices may soon stabilize.

Not only has platinum been hurt by concerns about reduced motor-vehicle production, but expectations are for a shift toward smaller vehicles at a time of high fuel prices. Smaller engines require less platinum group metals for auto catalysts, Mr. Sanchez said. Meanwhile, no further supply disruptions have occurred in South Africa lately, he said.

But at the same time, he said, many investors already may have sold some positions.

"You may go to $900," Mr. Sanchez said. "But they're already low compared to what they have been the last couple of years. So you may not have further selling."

In other commodity markets:

SUGAR: Prices dropped to a four-month low on ICE Futures U.S. as speculators exited from bullish positions, but the market pared losses before a vote by the House of Representatives approving the $700 billion financial-rescue package. ICE March world sugar fell 0.47 cent, or 3.6%, to 12.61 cents a pound.

CRUDE OIL: Futures zigzagged before ending slightly lower as traders mulled whether the passage of the rescue bill would stabilize demand. Demand concerns were reinforced after the Labor Department reported that nonfarm payrolls fell more than expected in September, the steepest decline since March 2003. Light, sweet crude fell nine cents, or 0.1%, to $93.88 a barrel, on the New York Mercantile Exchange.

By: Allen Sykora
Wall Street Journal; October 5, 2008

Platinum Gets Dented in the Auto Industry's Pileup

Slumping Car Demand Crimps Need for Catalytic Converters, a Big User of Metal, but Possible Drop in Mining Output May Buoy Prices,

At Friday's lows, spot-month futures on the New York Mercantile Exchange were down 38% on the year and 59% from the record set in March as the global economic slowdown pinches industrial use.

Platinum could fall further on weakness in the auto sector, but then stabilize or rise modestly as investment liquidation runs its course and due to potential for output cuts as the price approaches the cost of mining, analysts said. This makes it a great time to buy platinum wedding bands.

The impetus for the early year peak was worries about tight supplies exacerbated when South Africa state-owned utility Eskom Holdings Ltd. announced electrical shortages that curtailed mining output.

"Supply was being outpaced by demand," said Bart Melek, global commodity strategist with BMO Capital Markets. "We had a massive rally way above the marginal cost of production."

Since then, the auto industry has slumped. This hurt platinum demand because its main industrial use is for catalytic converters.

Nearby October platinum Friday fell $22.60, or 2.3%, to settle at $957 a troy ounce. Most-active January lost $20.80, or 2.1%, to $965.80.

James Moore, an analyst with TheBullionDesk.com, said platinum's recent move is cyclical, reflecting changed fundamentals. Moreover, he said, the fundamentals perhaps were "overexaggerated" as prices soared at the start of the year. But he doesn't look for the recent slide to continue much longer because a "delicate balance" remains in the market.

"Eskom has already said they can't increase their energy capacity for at least another five years," Mr. Moore said. "The producers are struggling against rising costs and having to excavate metal from much deeper ore bodies. This has a massive impact on their bottom line."

If profitability suffers, downward price corrections such as the current one could prompt producers to shut down some of their operations, he said.

"In my view, it would be naive to think that the market is going to continue lower," Mr. Moore said. "We may see some further downside initially, but then look for it to possibly stabilize around $1,000 to $1,300 for the latter part of the year and heading toward next year."

BMO's Mr. Melek estimated that the cash costs of production for platinum-mining operations are between $700 and $1,000 an ounce.

"They might still go lower," he said of platinum prices on things like platinum wedding rings. "But they ultimately will have to rebound because we're hitting the marginal cost of production for many producers."

CPM Group analyst Carlos Sanchez also said there could be more selling pressure, but prices may soon stabilize.

Not only has platinum been hurt by concerns about reduced motor-vehicle production, but expectations are for a shift toward smaller vehicles at a time of high fuel prices. Smaller engines require less platinum group metals for auto catalysts, Mr. Sanchez said. Meanwhile, no further supply disruptions have occurred in South Africa lately, he said.

But at the same time, he said, many investors already may have sold some positions.

"You may go to $900," Mr. Sanchez said. "But they're already low compared to what they have been the last couple of years. So you may not have further selling."

In other commodity markets:

SUGAR: Prices dropped to a four-month low on ICE Futures U.S. as speculators exited from bullish positions, but the market pared losses before a vote by the House of Representatives approving the $700 billion financial-rescue package. ICE March world sugar fell 0.47 cent, or 3.6%, to 12.61 cents a pound.

CRUDE OIL: Futures zigzagged before ending slightly lower as traders mulled whether the passage of the rescue bill would stabilize demand. Demand concerns were reinforced after the Labor Department reported that nonfarm payrolls fell more than expected in September, the steepest decline since March 2003. Light, sweet crude fell nine cents, or 0.1%, to $93.88 a barrel, on the New York Mercantile Exchange.

By: Allen Sykora
Wall Street Journal; October 5, 2008

Ahead of Vows, Engaged Couples Seek Bargains On Rings

Sky-high prices for precious metals are prompting many cash-strapped couples to switch from platinum bridal rings to more affordable white metals like white gold and palladium, according to jewelers in Hatton Garden, the diamond jewelry district of London.

Platinum has soared 50 percent this year to hit a record high of $2,290 an ounce in March, driven by strong industrial demand and power shortages in South Africa, a top producer.

Prices of platinum, used in catalytic converters of cars as well as in jewelry, are now quoted at around $2,150, but they are still up 40 percent this year.

The surge in precious metals prices, and a squeeze on incomes caused by the credit crunch and climbing food and fuel prices, are spurring changes in consumer behavior in the bridal market, according to Hatton Garden jewelers.

"People are looking for alternatives - and a good alternative to platinum at the moment is palladium," said Ercan Onguc, manager at Beverley Hills London.

The price differences between the metals are stark.

For instance, a 5 mm, or 0.2 inch, ladies' platinum wedding band retails for £923, or $1,797, almost four times the cost of a 5 mm palladium ring at £250 and a 5 mm white gold band at £263.

"There is less platinum being sold," said Kevin Reilly, manager of Classic Jewels. "People, particularly for wedding rings, have been switching to 18-carat white gold or palladium," he added.

Women, enchanted by platinum's romantic cachet, tend to still insist on platinum, especially those with the highest incomes, whereas men are more likely to compromise on cost and go for the less glamorous and less expensive palladium, jewelers say.

And though both are hard metals, platinum has the edge over palladium because it is denser. Platinum is also marketed much more vigorously than palladium.

A salesman at County Jewelers said some couples on tight budgets were opting for alternative metals to platinum so they could spend more on a larger diamond.

Well informed about the recent spike in precious metals prices, notably platinum and gold, more customers are now making inquiries about palladium and white gold bridal rings, jewelers say. However, a step down in price does not always mean a huge step down in quality. There are still many places, particularly businesses offering online shopping, that carry high quality cheap wedding rings. And so, heightened volatility in precious metals is leading jewelers to re-price their stock much more often nowadays.

A sign placed prominently in one Hatton Garden jeweler's window said: "Due to the fluctuation of metal prices, all wedding rings shown could be subject to surcharges."

Jewelry manufacturers are loathe to use less platinum in wedding rings or to hollow out designs to compensate for the rise in precious metals prices.

By: David Brough Reuters
International Herald Tribune; May 20, 2008

Ahead of Vows, Engaged Couples Seek Bargains On Rings

Sky-high prices for precious metals are prompting many cash-strapped couples to switch from platinum bridal rings to more affordable white metals like white gold and palladium, according to jewelers in Hatton Garden, the diamond jewelry district of London.

Platinum has soared 50 percent this year to hit a record high of $2,290 an ounce in March, driven by strong industrial demand and power shortages in South Africa, a top producer.

Prices of platinum, used in catalytic converters of cars as well as in jewelry, are now quoted at around $2,150, but they are still up 40 percent this year.

The surge in precious metals prices, and a squeeze on incomes caused by the credit crunch and climbing food and fuel prices, are spurring changes in consumer behavior in the bridal market, according to Hatton Garden jewelers.

"People are looking for alternatives - and a good alternative to platinum at the moment is palladium," said Ercan Onguc, manager at Beverley Hills London.

The price differences between the metals are stark.

For instance, a 5 mm, or 0.2 inch, ladies' platinum wedding band retails for £923, or $1,797, almost four times the cost of a 5 mm palladium ring at £250 and a 5 mm white gold band at £263.

"There is less platinum being sold," said Kevin Reilly, manager of Classic Jewels. "People, particularly for wedding rings, have been switching to 18-carat white gold or palladium," he added.

Women, enchanted by platinum's romantic cachet, tend to still insist on platinum, especially those with the highest incomes, whereas men are more likely to compromise on cost and go for the less glamorous and less expensive palladium, jewelers say.

And though both are hard metals, platinum has the edge over palladium because it is denser. Platinum is also marketed much more vigorously than palladium.

A salesman at County Jewelers said some couples on tight budgets were opting for alternative metals to platinum so they could spend more on a larger diamond.

Well informed about the recent spike in precious metals prices, notably platinum and gold, more customers are now making inquiries about palladium and white gold bridal rings, jewelers say. However, a step down in price does not always mean a huge step down in quality. There are still many places, particularly businesses offering online shopping, that carry high quality cheap wedding rings. And so, heightened volatility in precious metals is leading jewelers to re-price their stock much more often nowadays.

A sign placed prominently in one Hatton Garden jeweler's window said: "Due to the fluctuation of metal prices, all wedding rings shown could be subject to surcharges."

Jewelry manufacturers are loathe to use less platinum in wedding rings or to hollow out designs to compensate for the rise in precious metals prices.

By: David Brough Reuters
International Herald Tribune; May 20, 2008

Ahead of Vows, Engaged Couples Seek Bargains On Rings

Sky-high prices for precious metals are prompting many cash-strapped couples to switch from platinum bridal rings to more affordable white metals like white gold and palladium, according to jewelers in Hatton Garden, the diamond jewelry district of London.

Platinum has soared 50 percent this year to hit a record high of $2,290 an ounce in March, driven by strong industrial demand and power shortages in South Africa, a top producer.

Prices of platinum, used in catalytic converters of cars as well as in jewelry, are now quoted at around $2,150, but they are still up 40 percent this year.

The surge in precious metals prices, and a squeeze on incomes caused by the credit crunch and climbing food and fuel prices, are spurring changes in consumer behavior in the bridal market, according to Hatton Garden jewelers.

"People are looking for alternatives - and a good alternative to platinum at the moment is palladium," said Ercan Onguc, manager at Beverley Hills London.

The price differences between the metals are stark.

For instance, a 5 mm, or 0.2 inch, ladies' platinum wedding band retails for £923, or $1,797, almost four times the cost of a 5 mm palladium ring at £250 and a 5 mm white gold band at £263.

"There is less platinum being sold," said Kevin Reilly, manager of Classic Jewels. "People, particularly for wedding rings, have been switching to 18-carat white gold or palladium," he added.

Women, enchanted by platinum's romantic cachet, tend to still insist on platinum, especially those with the highest incomes, whereas men are more likely to compromise on cost and go for the less glamorous and less expensive palladium, jewelers say.

And though both are hard metals, platinum has the edge over palladium because it is denser. Platinum is also marketed much more vigorously than palladium.

A salesman at County Jewelers said some couples on tight budgets were opting for alternative metals to platinum so they could spend more on a larger diamond.

Well informed about the recent spike in precious metals prices, notably platinum and gold, more customers are now making inquiries about palladium and white gold bridal rings, jewelers say. However, a step down in price does not always mean a huge step down in quality. There are still many places, particularly businesses offering online shopping, that carry high quality cheap wedding rings. And so, heightened volatility in precious metals is leading jewelers to re-price their stock much more often nowadays.

A sign placed prominently in one Hatton Garden jeweler's window said: "Due to the fluctuation of metal prices, all wedding rings shown could be subject to surcharges."

Jewelry manufacturers are loathe to use less platinum in wedding rings or to hollow out designs to compensate for the rise in precious metals prices.

By: David Brough Reuters
International Herald Tribune; May 20, 2008

Platinum demand remains resilient despite price

High-end, bridal boost metal's retail sales in 2007

New York—Despite platinum's rising price, which averaged $1,304 per ounce last year—36 percent more than in 2006—retail sales and manufacturing volumes of platinum jewelry in 2007 remained fairly resilient, boosted primarily by the high-end and bridal sectors, according to Johnson Matthey's annual platinum report for 2008.

Global demand for new metal in the jewelry industry actually dipped slightly in 2007, the metals consultancy said, falling 55,000 ounces to a total of 1.59 million ounces, yet demand from both the trade and consumers alike stayed strong for the majority of the year.

Platinum jewelry demand in Europe increased by 7.7 percent to a total of 210,000 ounces in 2007, and net demand for new metal from the Chinese jewelry sector increased by 20,000 ounces to a total of 780,000 ounces.

China remains the largest market for platinum jewelry, according to Johnson Matthey, with Chinese manufacturers buying 2.6 percent more of the metal compared with other markets. In the last year especially, platinum demand in China was particularly supported by the production of novelty platinum items and memorabilia manufactured in preparation for the 2008 Beijing Olympics.

In North America, however, where the economic slowdown has been accompanied not only by higher platinum prices but also by pressure on local manufacturing from imported jewelry, purchases of platinum by jewelry manufacturers declined by 5,000 ounces in 2007 to a total of 240,000 ounces.

Looking forward, Johnson Matthey expects platinum prices to remain volatile, though the high prices haven't yet been felt in the jewelry industry this year (for reasonably priced platinum wedding bands, check out Design Bands). The outlook for jewelry demand in 2008 is more dependent on price than previously, Johnson Matthey said in the report, but the high-end and bridal sectors will remain insulated from price changes.

While perhaps the biggest story regarding platinum for 2007 was supply—which fell by 4 percent in 2007—Johnson Matthey said there is still the possibility that supply for 2008 will increase. Among the biggest issues concerning supply in the last year were strikes and wage negotiations at mines in South Africa, plus a Lonmin smelter shutdown in the country, and general issues concerning improved safety and the acquisition of skilled staff.


National Jeweler Network; May 20, 2008

Platinum demand remains resilient despite price

High-end, bridal boost metal's retail sales in 2007

New York—Despite platinum's rising price, which averaged $1,304 per ounce last year—36 percent more than in 2006—retail sales and manufacturing volumes of platinum jewelry in 2007 remained fairly resilient, boosted primarily by the high-end and bridal sectors, according to Johnson Matthey's annual platinum report for 2008.

Global demand for new metal in the jewelry industry actually dipped slightly in 2007, the metals consultancy said, falling 55,000 ounces to a total of 1.59 million ounces, yet demand from both the trade and consumers alike stayed strong for the majority of the year.

Platinum jewelry demand in Europe increased by 7.7 percent to a total of 210,000 ounces in 2007, and net demand for new metal from the Chinese jewelry sector increased by 20,000 ounces to a total of 780,000 ounces.

China remains the largest market for platinum jewelry, according to Johnson Matthey, with Chinese manufacturers buying 2.6 percent more of the metal compared with other markets. In the last year especially, platinum demand in China was particularly supported by the production of novelty platinum items and memorabilia manufactured in preparation for the 2008 Beijing Olympics.

In North America, however, where the economic slowdown has been accompanied not only by higher platinum prices but also by pressure on local manufacturing from imported jewelry, purchases of platinum by jewelry manufacturers declined by 5,000 ounces in 2007 to a total of 240,000 ounces.

Looking forward, Johnson Matthey expects platinum prices to remain volatile, though the high prices haven't yet been felt in the jewelry industry this year (for reasonably priced platinum wedding bands, check out Design Bands). The outlook for jewelry demand in 2008 is more dependent on price than previously, Johnson Matthey said in the report, but the high-end and bridal sectors will remain insulated from price changes.

While perhaps the biggest story regarding platinum for 2007 was supply—which fell by 4 percent in 2007—Johnson Matthey said there is still the possibility that supply for 2008 will increase. Among the biggest issues concerning supply in the last year were strikes and wage negotiations at mines in South Africa, plus a Lonmin smelter shutdown in the country, and general issues concerning improved safety and the acquisition of skilled staff.


National Jeweler Network; May 20, 2008

Platinum demand remains resilient despite price

High-end, bridal boost metal's retail sales in 2007

New York—Despite platinum's rising price, which averaged $1,304 per ounce last year—36 percent more than in 2006—retail sales and manufacturing volumes of platinum jewelry in 2007 remained fairly resilient, boosted primarily by the high-end and bridal sectors, according to Johnson Matthey's annual platinum report for 2008.

Global demand for new metal in the jewelry industry actually dipped slightly in 2007, the metals consultancy said, falling 55,000 ounces to a total of 1.59 million ounces, yet demand from both the trade and consumers alike stayed strong for the majority of the year.

Platinum jewelry demand in Europe increased by 7.7 percent to a total of 210,000 ounces in 2007, and net demand for new metal from the Chinese jewelry sector increased by 20,000 ounces to a total of 780,000 ounces.

China remains the largest market for platinum jewelry, according to Johnson Matthey, with Chinese manufacturers buying 2.6 percent more of the metal compared with other markets. In the last year especially, platinum demand in China was particularly supported by the production of novelty platinum items and memorabilia manufactured in preparation for the 2008 Beijing Olympics.

In North America, however, where the economic slowdown has been accompanied not only by higher platinum prices but also by pressure on local manufacturing from imported jewelry, purchases of platinum by jewelry manufacturers declined by 5,000 ounces in 2007 to a total of 240,000 ounces.

Looking forward, Johnson Matthey expects platinum prices to remain volatile, though the high prices haven't yet been felt in the jewelry industry this year (for reasonably priced platinum wedding bands, check out Design Bands). The outlook for jewelry demand in 2008 is more dependent on price than previously, Johnson Matthey said in the report, but the high-end and bridal sectors will remain insulated from price changes.

While perhaps the biggest story regarding platinum for 2007 was supply—which fell by 4 percent in 2007—Johnson Matthey said there is still the possibility that supply for 2008 will increase. Among the biggest issues concerning supply in the last year were strikes and wage negotiations at mines in South Africa, plus a Lonmin smelter shutdown in the country, and general issues concerning improved safety and the acquisition of skilled staff.


National Jeweler Network; May 20, 2008

Platinum Bridal Market Helps Fuel Jewelry Demand

NEW YORK--(BUSINESS WIRE)--Despite tough economic times, sluggish holiday season sales and soaring prices of metals and gemstones, industry leaders project an increase in jewelry sales for 2008. With inflation rates expected to jump as high as 7-8 percent, the International Diamond Exchange forecast for jewelry sales in the U.S. predicts a 3 percent increase in the upcoming year—from $64.0 billion (estimated) in 2007 to $65.9 billion in 2008.

In a recent article by Ken Gassman “State of the Jewelry Industry—2008 Jewelry Demand,” for Idexonline.com, Gassman highlights the bridal industry’s substantial influence on the forecast. Millennials, or the children of Baby Boomers, are influencing both the jewelry and bridal industries in significant ways. In fact, in less than ten years, the number of weddings is projected to increase by approximately 30 percent among Millennials.

“Not only are Millennials more likely to get married—rather than just live together like children of the 1960s—they are also more likely to spend heavily on bridal jewelry because they have more wealth than their predecessors.”

This trend is especially significant for Platinum wedding bands since the type and quality of metal is one of consumers’ primary considerations when purchasing bridal jewelry.

• Platinum is 30 times more rare than gold;
• Platinum jewelry sold in the U.S. is traditionally 90-95% pure Platinum compared to 18K gold, which is only 75% pure; and 14K which is only 58.5% pure;
• Platinum is more durable and will not oxidize or fade; so prongs, patterns and engravings do not wear down like other metals;
• Platinum’s density and molecular structure make it the most secure setting for a precious gems
• Platinum jewelry has a luxurious weighty feel, weighing over a third more than the same piece in gold.
• Platinum jewelry requires a higher level of craftsmanship than other precious metals, meaning that only the finest jewelers offer it.

Read the Entire Article Here

Platinum Bridal Market Helps Fuel Jewelry Demand

NEW YORK--(BUSINESS WIRE)--Despite tough economic times, sluggish holiday season sales and soaring prices of metals and gemstones, industry leaders project an increase in jewelry sales for 2008. With inflation rates expected to jump as high as 7-8 percent, the International Diamond Exchange forecast for jewelry sales in the U.S. predicts a 3 percent increase in the upcoming year—from $64.0 billion (estimated) in 2007 to $65.9 billion in 2008.

In a recent article by Ken Gassman “State of the Jewelry Industry—2008 Jewelry Demand,” for Idexonline.com, Gassman highlights the bridal industry’s substantial influence on the forecast. Millennials, or the children of Baby Boomers, are influencing both the jewelry and bridal industries in significant ways. In fact, in less than ten years, the number of weddings is projected to increase by approximately 30 percent among Millennials.

“Not only are Millennials more likely to get married—rather than just live together like children of the 1960s—they are also more likely to spend heavily on bridal jewelry because they have more wealth than their predecessors.”

This trend is especially significant for Platinum wedding bands since the type and quality of metal is one of consumers’ primary considerations when purchasing bridal jewelry.

• Platinum is 30 times more rare than gold;
• Platinum jewelry sold in the U.S. is traditionally 90-95% pure Platinum compared to 18K gold, which is only 75% pure; and 14K which is only 58.5% pure;
• Platinum is more durable and will not oxidize or fade; so prongs, patterns and engravings do not wear down like other metals;
• Platinum’s density and molecular structure make it the most secure setting for a precious gems
• Platinum jewelry has a luxurious weighty feel, weighing over a third more than the same piece in gold.
• Platinum jewelry requires a higher level of craftsmanship than other precious metals, meaning that only the finest jewelers offer it.

Read the Entire Article Here

Platinum Bridal Market Helps Fuel Jewelry Demand

NEW YORK--(BUSINESS WIRE)--Despite tough economic times, sluggish holiday season sales and soaring prices of metals and gemstones, industry leaders project an increase in jewelry sales for 2008. With inflation rates expected to jump as high as 7-8 percent, the International Diamond Exchange forecast for jewelry sales in the U.S. predicts a 3 percent increase in the upcoming year—from $64.0 billion (estimated) in 2007 to $65.9 billion in 2008.

In a recent article by Ken Gassman “State of the Jewelry Industry—2008 Jewelry Demand,” for Idexonline.com, Gassman highlights the bridal industry’s substantial influence on the forecast. Millennials, or the children of Baby Boomers, are influencing both the jewelry and bridal industries in significant ways. In fact, in less than ten years, the number of weddings is projected to increase by approximately 30 percent among Millennials.

“Not only are Millennials more likely to get married—rather than just live together like children of the 1960s—they are also more likely to spend heavily on bridal jewelry because they have more wealth than their predecessors.”

This trend is especially significant for Platinum wedding bands since the type and quality of metal is one of consumers’ primary considerations when purchasing bridal jewelry.

• Platinum is 30 times more rare than gold;
• Platinum jewelry sold in the U.S. is traditionally 90-95% pure Platinum compared to 18K gold, which is only 75% pure; and 14K which is only 58.5% pure;
• Platinum is more durable and will not oxidize or fade; so prongs, patterns and engravings do not wear down like other metals;
• Platinum’s density and molecular structure make it the most secure setting for a precious gems
• Platinum jewelry has a luxurious weighty feel, weighing over a third more than the same piece in gold.
• Platinum jewelry requires a higher level of craftsmanship than other precious metals, meaning that only the finest jewelers offer it.

Read the Entire Article Here