Vintage and Antique Jewelry into the Scrap Heap

Two Color Gold Bicycle Bracelet - 1940s (Source: Kaboodle)The consequences of record high prices for gold go beyond the diminishing ability of pearl and bead stringers to use gold in their work. As of this writing, gold is north of $1,600 per ounce and at least one expert is predicting gold will reach $1,900 an ounce this fall.

News reports from Australia this morning are telling us that one of the fastest growing businesses in Australia is the retail chain Gold Buyers which was founded in 2009 and now has 14 stores. Its business: buying scrap gold and reselling it to gold refiners.

And business is booming. According to WA News, an Australian newspaper, “unprecedented” amounts of jewelry, including antique jewelry are being sold for scrap.

The problem is that industry observers say that vintage jewelry and family heirlooms are among the jewelry being sold for scrap. That’s because their owners can get more money and sooner for the metal weight of the jewelry than for its cultural significance.

For those of us who love jewelry and believe it reflects cultural and historical mores, this is disquieting. And, although I haven’t yet seen similar reports here, I suspect much American jewelry is also going into the recycling heap.

No one can fault people for selling assets during a period of such economic hardship. This is just another painful consequence of the depression.

 

 

Posted in Gold, Jewelry Design, Jewelry History | Tagged , , ,

Prediction: Gold to $1900 this Fall

Gold PricesAs pearl and bead stringers, the price of gold is an issue for us. Although most of us are routinely using less costly metal, some clients insist on gold clasps and findings for their jewelry and some of us would rather work with gold than silver or other metals.

That’s why we should pay attention when John Taylor, founder of FX Concepts, head of one of the largest currency funds in the world says that the price of gold will climb to $1,900 sometime this fall. As of this writing gold is trading north of $1,600 an ounce.

JCK reported on this interview for its readers and not too long ago, I wrote an article on new gold scams.

But beyond the troubling prediction on the potential increases in the price of gold, were the comments from jewelers that appeared below the article.

Some focused on price increases for consumers; others see inflation ahead; and, still others see the weak dollar as responsible for gold prices.

One suggested that jewelers buy now before prices climb further.

For those of us who love gold and used to routinely use it in jewelry, none of this is good news and of course hasn’t been for some time. Nevertheless, the silver lining (pun intended) is that jewelers are using silver and base metals in wonderful new designs that stretch our concepts about ornament in ways that perhaps weren’t possible before the current run-up in cost.

 

Posted in Business, Gold | Tagged , ,

Jeweler Helps to Salvage Theft Mess in Wisconsin

Vosner JewelersAll of us are familiar with the nearly reflexive reaction we see in some consumers regarding the honesty of jewelry manufacturers, including pearl and bead stringers.

When I was running the gallery, I was often approached for repair or re-design work. And, although these requests were always generated by the client, that is, we did not advertise or promote this service, occasionally the client, who wanted the work done, treated us suspiciously.

It did not happen often, but it did happen. And it never seemed to occur to them that I had no interest in ripping them off. That, apart from any ethical considerations, it simply wasn’t worth switching a diamond or gemstone, that my reputation with clients and with artists was and is my bread and butter.

This is true of almost every jeweler I’ve ever met. (Quite frankly, it’s my experience that far more deceit and attempted deceit occurs on the wholesale level than on the retail level.)

So, it’s nice to see a jeweler receive public recognition for a significant effort to correct a genuine wrong done the public by a jewelry company.

Tyler Kosmoski, a Wisconsin Diamond Factory owner, was arrested late last week for scamming customers out of thousands of dollars of jewelry. When the complaints surfaced and an arrest warrant issued, Kosmoski apparently closed the store and tried to disappear. (He was picked up after a couple of days.)

Customers who had left jewelry for repairs, placed deposits on jewelry, or consigned jewelry to the Diamond Factory had no idea whether they could recover their property or funds.

Enter Jim Storzer with Vosner Jewelers. The police turned the jewelry over to Storzer and asked him to identify the rightful owners.

It’s got to be a huge task. According to news and trade reports, Storzer is attempting to identify ownership of hundreds of pieces of jewelry worth approximately $100,000.

Storzer says he’s returned about half the jewelry to its rightful owners and is attempting to establish ownership of the remaining pieces. In addition, he’s offered to finish repairs that weren’t completed.

Storzer will earn repair fees and no doubt will add to his client base. But that doesn’t diminish the fact that he stepped up to unravel a gigantic mess.

 

 

 

 

 

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Pearl and Bead Stringers and Pearl Identification

One of the most frequently asked questions by pearl and bead stringers and by our clients is how to determine if the pearls used in necklace strand or in a piece of jewelry are “real.”

Years ago when I earned my GIA certification in Pearls, this question wasn’t too difficult. Akoya, the Japanese pearl produced from the mollusk of the same name, was king. Freshwaters were just beginning to flood the market and South Seas pearls, while available, weren’t produced in the volumes and colors that are available today. Imitation pearls tended to be Majorica or plastic and it was usually possible to tell at a glance if the pearls were authentic.

Now, a plethora of pearls are available. Chinese freshwaters range from extremely high quality to commercial grade. Akoyas, while still a force, no longer reign as the standard against which other pearls are measured. Producers of South Seas pearls have appeared in Australia, Vietnam, and other countries not traditionally associated with South Seas pearls.

Majorica PearlsWhile the basic methods of producing faux pearls don’t appear to have changed much in the last couple of decades, there are more pearl imitations on the market and producers have learned how to better simulate real pearls.

As an example, the Majorica pearls on the left are from the website of a very upscale department store and I should add are sold with no intent to deceive. At a first glance, they might appear to be authentic especially because a number of the pearls have circles around their diameters which are characteristic of some Chinese freshwaters.

However, a basic visual examination will yield the conclusion that these are fake pearls. I explain below.

One solution to the question of whether pearls are real is to send them for testing to the Gem Labs of the GIA (Gemological Institute of America) for analysis. This wonderful laboratory has very sophisticated means of testing pearls and continually upgrades its technology.  In April, for example, it introduced micro-CT X-ray units that can provide high definition 3-D images of pearls allowing its technicians to better study their internal growth structures. This type of technology is vital because the only safe and non-destructive way of studying the interior of a pearl is with some kind of x-ray. The GIA conducts other tests as well to determine if the pearl has been treated, for example, and to determine its color origins.

But, for most of us, it’s not cost-efficient to send pearls off to the GIA labs for analysis.

However, there are tests you can conduct yourself without any equipment. For the most part, these tests rely solely upon your eye to determine whether the pearls are real.

  • Examine the pearl for flaws: If the pearl appears to be flawless, it is probably a fake. Even on extremely high quality pearls, there is usually a flaw, a tiny dimple or pinprick, for example.
  • Examine the pearl strand for the sizes of individual pearls: Although producers attempt to match pearls for size, they are rarely identical.
  • Similarly, note the shape, luster and color of individual pearls on a strand. As noted, pearl manufacturers try to match pearls, but there are minute differences between them even on the best matched strand. Again, pearls that show identical characteristics should be suspect.
  • Examine the pearl’s overtone: Overtone is one of the colors you’ll see on pearls. Overtone is the color that floats on the surface of the pearl and you’ll see a variety of overtones including green, rose and silver. Typically overtone will not be present on fake pearls and if it is, all the pearls will have the same overtone. You will frequently see several different overtones on a single strand of real pearls.
  • Hold the pearls in your hand. If they’re very light, they may be filled with wax or made from plastic.
  • Finally, there is the tooth test. Take the pearl, rub gently against the edge of your front tooth. Be sure to do this gently so you don’t run the risk of damaging the pearl. If it feels gritty or sandy, it’s probably real. If it feels smooth, it’s probably an imitation. There is an important caveat to this, however. Back when I first started out as a pearl dealer, the tooth test was considered by many experts to be 99% reliable. However, now some imitation pearls can feel gritty and cultured pearls can be polished. So, combine the tooth test with the other examinations suggested above.

In the pearls pictured above, the circles around their diameters might suggest they are real. In addition, the manufacturer seems to have varied the sizes and shapes just enough to suggest authenticity. However, there is no overtone, especially on the black and white pearls where we would expect to see rose and/or green. Moreover, the luster appears identical on all the pearls. If we were able to handle the pearls, I’d wager that we’d find none of the skin flaws we’d expect to find on baroque pearls of this size.

The best advice for pearl and bead stringers who may just be starting out is to go to as many shows and showrooms as possible and look at pearls. A good visual memory will help enormously when someone asks “is it real?”

Finally, I want to pass on a good piece of advice I was given years ago. That advice was to never casually remark on pearls someone is wearing, for example, at a party or other social event. Without a close examination, you run the risk of making a mistake and damaging your credibility. So, don’t comment. And, if asked, as I sometimes am, suggest that you need better light or need to examine them more closely in a different environment. Be nice, but don’t comment!

 

 

 

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Faberge Reintroduces Eggs

Faberge EggUnlike almost any other item in the history of jewelry, Faberge eggs have captured the attention of many in the public who don’t have a professional interest in jewelry. With their association with history, war, romance and murder, and their exquisite craftsmanship, they are perhaps among the most high profile examples of jewelry art.

They illustrate what we professional pearl and bead stringers know very well. That is, jewelry and its design evokes the culture of a time and place and to know jewelry is to know the history of mankind.

These masterpieces of jewelry art were made from 1885 to 1917. The most famous were the large “Imperial Eggs” commissioned by Alexander III and Nicholas II for their wives as Easter gifts, but thousands of miniature eggs were also made. These were popular Easter gifts and could be worn on neck chains.

Faberge ceased production of the eggs during the Russian Revolution and Peter Carl Faberge fled Russia to die in Switzerland in 1920.

Now we have word that Faberge is planning a re-introduction of the eggs. According to the Faberge press release, “Fabergé has designed a collection of one-of-a-kind High Jewellery Egg Pendants, Les Fameux de Fabergé, each illustrating a traditional Russian proverb, through complex, multi-layered concepts brought to life by the finest craftsmanship in the world today.”

The collection, titled ” Les Fameux de Faberge” will retail for up to $600,000, and will be exhibited at Fabergé in Geneva from July 18 to Aug. 20. For those of us who are not in the market for $600,000 jewelry, Fabergé is also launching “Les Frissons de Fabergé,” a collection of egg pendants with around 60 different designs at lower price points. I can’t find any photos of the new lines, not surprisingly, so I don’t know if they reflect the Rococo style favored by Peter Carl Faberge. The company indicates it is drawing upon a number of design ideas, so it will be interesting to see if the present day Faberge is as innovative as its illustrious ancestor.

Spring Flowers Egg

 

 

Posted in Jewelry History | Tagged , ,

Will We See Newly Discovered Indian Treasures?

Padmanabhaswamy TempleAn intriguing controversy over a $22 billion archeological find in India is playing itself out now in that country. For those of us who are fascinated by jewelry and gemstones, their history, sources, and design drivers, I would suggest we have a stake in the outcome.

Recently, five of six “secret” vaults were opened beneath Padmanabhaswamy Temple in southern Kerala. The vaults had been sealed since the 16th century. According to news reports, the archeological find is one of the greatest ever made in India and consists of a “dazzling stash of gold ornaments, Napoleonic era coins and sacks of gemstones.”

If I understand this correctly, the 500 year-old temple is dedicated to Lord Vishnu and its wealth is considered the property of the temple. For centuries, it was guarded by the royal family of the area and they apparently have acted with great integrity over the centuries. According to news reports, the vaults were opened as a result of intensified calls to redistribute the wealth to improve living standards in the area.

Fruit Salad Bracelet by CartierAll jewelry manufacturers, including bead and pearl stringers, owe much to the jewelry and gemstones of India. Its lush jewelry inspired Pierre Cartier to create the “fruit salad” or “tutti fruitti” style of jewelry which opened the eyes of the west to Indian jewelry in the early part of the 20th century. Today, we bead and pearl stringers are often dazzled by the strands of colored stones imported by Indian gemstone suppliers.

The issues in the affair of the Padmanabhaswamy Temple are: is who custodian of the treasure and what should be done with it. And there are strong conflicting opinions.

One camp says the treasure is a religious relic and should remain in the Temple. A second says that the wealth should be redistributed to increase living conditions. And a third says the treasure should be made available to the public in a museum established specifically to show it.

The State High Court and the Supreme Court of India have intervened with sometimes conflicting opinions and the matter isn’t likely to be settled anytime soon.

As far as I can determine, no one has said yet exactly what the treasure trove consists of apart from tantalizing hints in the press. But, given India’s rich history and love of jewelry, it’s probable that at least a portion of the “ornaments” we’re hearing about are jewelry.

And for those of us who love jewelry and believe its value goes far beyond the intrinsic worth of its materials, one thing is clear. Regardless of its eventual disposition, the treasure trove should be thoroughly documented and that documentation made available to the public, including jewelry historians and lovers of jewelry. I’d go further and say that at the very least a representative selection of the find should be preserved and available to the public. And, wouldn’t it be fabulous if one of our major museums organized a traveling show so we could see it for ourselves?

Posted in Jewelry History | Tagged , , , , ,

Bead and Pearl Stringers: Consider Mobile Payment System

I think this type of service can be so important for artisans, including bead and pearl stringers, I made a video about it.

Bead and Pearl Stringers: Look at Mobile Payment Systems

Mobile device payment systems remove the barrier of traditional terminal merchant accounts for artisans, including bead and pearl stringers. Here is a review of one such system. (BTW, I’m not affiliated in any way with it.) For more info and resources, please visit http://fsommers.com

Posted in Business | Tagged , ,

Low Cost Payment System for Pearl and Bead Stringers

This article appeared in the July edition of the Professional Pearl and Bead Stringing Newsletter. To receive other tips like this, click on the tab “Newsletter” and enter your e-mail address. It’s absolutely free.

Square Mobile Device Payment SystemMany of us show our work at craft fairs, home shows and the like where taking credit cards is sometimes the only way to make a sale.

If you do show your work in these venues, it might be time to consider taking credit cards over your mobile phone using what’s called a mobile device payment system.

These are typically one-inch cards that plug into the audio jack of smart phones allowing you to accept credit and debit card payments on the spot.

For small businesses a mobile device payment system offers a number of advantages over traditional merchant accounts. You don’t have to buy the bulky card reading equipment, commit to a lengthy contract or a minimum monthly transaction fee even if you have had no sales at all. Anyone who has been in retail knows the iron grip of merchant accounts. By lowering the barrier to entry, mobile device payment systems allows anyone to set-up and be in business quickly.

Square, Inc., available at www.squareup.com, is currently one of the hottest mobile device payment systems. The company allows sellers to set up a free account in minutes with no credit check. The transition fee is 2.75% and it imposes none of the credit-test burdens associated with traditional terminal-based merchant accounts. Also, the company doesn’t care if you only use the service only a couple of times a year.

Square is two-years old. The company has shipped 500,000 free readers and processes $4 million in transactions every day. It anticipates processing more than a billion in payments within a year.

Interestingly, Square’s co-founder and Chief Executive Officer is Jack Dorsey who also co-founded Twitter.

Square, Inc. isn’t the only company offering mobile device payment systems.  Intuit offers one. Paypal which most of us for on-line credit transactions is planning to release one as is Google.

The best thing about mobile payment systems are that they are easy to understand and use. No complicated technology. No head spinning terminology. Just a convenient, easy service with the emphasis on service for small business.

P.S. I am not associate with Square in any way.

Posted in Business | Tagged , ,

New Service for Pearl Stringers

In today’s unhealthy economy, retailers and wholesalers are trying out new services and products. One, announced today by Oriental Pearls, may be a welcome service for pearl and bead stringers without access to pearl drilling equipment.

The company is offering to drill pearls to the buyer’s specifications. Typically, the pearl drill hole is 0.7 mm. Oriental Pearls is offering to drill various sizes, from 1mm, 1.5mm to 2mm or even 2.5mm. This should be particularly helpful for manufacturers who wish to use larger sized materials, such as ribbons, in their designs.

In addition, the company will drill the pearl in any direction the client specifies: top-drilled, center-drilled, diagonally or side-drilled. The company will also half-drill pearls.

The one caveat might be that you have to buy the pearls you want drilled from the company which is not an unreasonable condition. The company lists a telephone number on the site so you can contact them directly with questions.

I haven’t done business with Oriental Pearls, but I looked at their website very carefully and would consider buying from them if the need arose.

The service could be extremely helpful to those without access to drilling equipment or who may be paying a higher cost to have pearls drilled.

Worth a look.

 

Posted in Business, Manufacturing Tips | Tagged , ,

Galatea: Rising Star in Gemstone and Bead Design

Galatea LogoAs professional bead stringers, we are often asked about specific designers and trends in design. While it’s impossible–at least for me–to know the work of every prominent designer, we do have the obligation to be alert to designers whose work may portend changing trends.

I think such a designer is Chi Galatea Huynh, owner of a California company who is getting significant trade buzz for his line of carved pearls.

Using the surface of pearls for decorative reasons isn’t new. Faceted pearls have been on the market for a number of years, although I don’t think they’ve done especially well. Buddhas have been carved on freshwater mabes for hundreds of years.

The problem for would-be pearl carvers is nacre depth. Nacre is the thin outer layer of a pearl which gives pearls luster and color. Nacre is what makes a pearl a pearl and nacre thickness is one of the quality factors gemologists look at when evaluating a pearl.

Interior of South Seas PearlThe problem for carvers is that even thick nacre cover is thin. We consider “very thin” nacre coverage to be 0.3 mm, while “very thick” nacre coverage is 0.6 mm. That’s a difference of 0.3 mm. And when a carver reaches that depth, the conchiolin layers are very unattractive, as illustrated by this picture of the interior of a South Seas pearl.

To avoid this issue, Galatea operates his own pearl farm and inserts a gemstone as the nucleating bead. So, when the pearl is carved, the gemstone shows through the carving. According to his website, Galatea hold the patent for the world’s only gemstone-nucleated pearl.

Diamond in a Pearl by GalateaHere is a picture from his website, www.galateausa.com, of a diamond in a pearl. The website suggests the blue interior is a topaz.

Over the last few years, Galatea has received a number of accolades from the trade press. Most recently, the Cultured Pearl Association, www.cpaa.org, wrote up his new work shown at the recent JCK show in Las Vegas, carved pearls presented as beads rather than one-of-a-kind gemstones.

Success also spawns imitators and this is true, may be especially true, in the gem trade. We’ll see.

In the meantime, visit Galatea’s website and take a look at his work. Also, take a look at the video posted on the home page. It describes the Galatea nucleating process and is a fascinating behind the scenes look at a rising star.

 

 

 

Posted in Jewelry Design | Tagged , , ,