Gemesis Has Pink – Retail Rollout Expected in Early ‘09

Lab diamond maker Gemesis has announced the beginning of regular production of pink diamonds. This is the firm’s second color range since the commercial production of yellow diamonds was launched

Manufactures are expected to start receiving the rough output by late November of this year, with the first jewelry set with the Gemesis pinks projected to be in stores in early 2009.

Production will start with 1 - 2 carat rough, according to CEO Stephen Lux, though it is understood that larger goods of about 3 carats are expected to be produced at a later stage. The pink lab-created diamonds’ color ranges from fancy purple to vivid pink.

Since Gemesis came onto the market with their range of yellow diamonds, there has been an expectation that additional fancy colors will be introduced. While the company declined to comment, blue diamonds are likely to be offered next.

Gemesis diamonds sell at about a 30 percent discount to natural mined yellows of comparable size, color and clarity. Because of the scarcity of pink diamonds, the discount on the lab-made goods is expected to be less then 30 percent.

Blue and Pink Cultured Diamond Jewelry Line Launched

According to this press release on cultured diamonds, Renaissance Diamonds announced Thursday that it has designed a new jewelry collection incorporating fancy vivid pink and blue colored lab-created diamonds. Gemesis, which supplies Renaissance, has yet to officially announce these new diamonds, though the development has been expected for some time.

Dubbing them “environmentally friendly created diamonds,” the “Breathtaking” collection comprises of fashion and engagement designs with pink and blue center stones set with micro pavé.

A Gemesis spokesman told IDEX Online that the firm could comment no further than to say that, as previously stated, Gemesis plans this year to begin producing and publicly selling cultured diamonds in colors other than yellow.

The source said that these colors included blues and pinks and that the announcement would take place sometime “in the next six to eight weeks.”

How To Buy A Valentine's Day Diamond

Here’s a guide on how to buy a diamond for Valentine’s Day from the Independent Jewelers Organization:

Valentine's Day is a day of giving to those we love. For many, it's a day for proposals: Valentine's Day is one of the most popular days of the year for "popping the question."

Valentine's Day is a day of giving to those we love. For many, it's a day for proposals: Valentine's Day is one of the most popular days of the year for "popping the question." And what better way to propose than with a beautiful diamond solitaire engagement ring?

With so many new diamond cuts and brands to choose from, however, those in the market for an engagement diamond might find themselves reeling. The Internet is filled with information about the best ways to make a diamond purchase, and that's the first place many start. But can an online source be better than a trusted local jeweler when it comes to making the final purchase? What are the distinct differences between a so-so diamond and one that's truly out-of-this-world? What constitutes a fair deal? And of course, how do you select a jeweler you can trust and buy from with confidence?

Buying a diamond on-line may appear to be painless. But when it's time to make the purchase, it can be difficult to buy a diamond that's never been seen from to an unknown source. "The one-on-one relationship between an experienced retail jeweler and his or her customer is the one that usually matters most when the purchase of an important diamond is made," says Richard Swetz, chairman of the Independent Jewelers Organization, a consortium and buying group of retail jewelers whose membership reaches across the United States.

Here are some tips from the IJO on finding a jeweler and buying a diamond--on Valentine's Day or any day--that should help navigate this sometimes difficult terrain:

Familiarize yourself with the basics: The four-Cs--cut, color, clarity and carat weight--describe the proportion of a diamond as well as other important physical characteristics which will effect its price. Understanding the basics will help you to understand the diamond's price.

Learn how to read a diamond grading report: All reputable jewelers sell diamonds with grading reports or certificates, which provide a third-party evaluation of a diamond and heavily impact its price. All Forever10 diamonds display 10 hearts and 10 arrows making it the world's most brilliant diamond. The Forever10 is available exclusively from IJO Master Jewelers and comes with grading reports from either the Gemological Institute of America or the American Gem Society Laboratories, two of the leading U.S. diamond gem labs. The grades include measurements of the stone, carat weight, color, clarity, finish, polish, symmetry and fluorescence. Additional comments may also be included as well as the diamond's plot or graphical representation.

Decide what you can spend--and where you want to put your money: A diamond engagement ring is a major investment and buying the best diamond you can afford is always good advice. With the expanding market for designer engagement ring settings, however, you should make an early decision about where your budgeted money will be spent: Would you rather spend more for a better diamond in a simpler setting or opt for a designer setting with a smaller stone?

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