Category: Blog
With housing prices soaring and the stock market rippling like a rollercoaster, here’s an interesting idea for an alternative investment: precious gemstones.
In a recent article, Chris Rovzar, editor of Bloomberg Pursuits, says that jewelry “is proving to be quite a strong investment” and that “as an asset class, luxury baubles have never been hotter.” He gives the example of a 6.7 carat Kashmir sapphire that sold at auction for $206,500 in 2012 and how, nine years later, a similarly sized one was sold for more than double that amount.
Not convinced? Here are some additional interesting facts about gemstone investments:
- In a similar article, writer Kristen Shirley discusses how a Belperron amethyst cuff sold for $28,680 in 2003. The same piece re-sold in 2021 for $87,500.
- Unlike most contemporary art, you don’t have to spend more than $100,000 for fine jewelry.
- J.P. Morgan was such a well-known gem collector in his day that Tiffany & Company named a stone after him —The Morganite.
- Unlike a second home, you can wear and enjoy your gem investment!
- Vintage lapel pins seem to be the rage. Case in point: Take a look at the diamond, onyx and emerald art deco brooch Aquaman star Jason Momoa wore to the 2020 Golden Globes.
- Gold can be melted down to create new jewelry. Diamonds and other gemstones can be used to create new pieces.
- David Craig Jewelers has a fabulous buy-back option. Trade in a piece you bought from us for something even bigger and better.
- Myra P. Saefong in MarketWatch, discusses buying loved ones original jewelry with the idea they could always sell the piece down the road if they needed extra cash.
- Diamonds have been considered a source of wealth through the centuries.
Prospective collectors should of course research as much as they can, visit museums and maybe even take courses before considering investing. Want some ideas? Stop in and ask David for a peek at our vast collection of gemstones. David’s a certified gemologist and gemologist appraiser with many certifications from the world’s most reputable jewelry institutions.
Did you know that mother-of-pearl, so popular in the jewelry world, is also in demand for use as decorative inlays for musical instruments, household items, tableware and door designs? Indeed, mother-of-pearl has been used for everything from shirt and cardigan buttons to elaborate inlays for royal thrones.
Like Pearls, Well Sort Of
Mother-of-pearl is basically the organic lining of mollusks (mussels, pearl oysters and abalone), called nacre, a substance that’s produced to protect the organism. It’s the same basic substance that starts the pearl formation process. The key difference is that pearls are really irritants in the mollusks that are then coated with the nacre to protect the living organism. So mother-of-pearl is the nacre itself, where pearls are the layers of nacre around an irritant object. Yes, it’s a bit confusing! Stop on in and we can explain in more detail.
What’s in a Name
So why is it called “mother”-of-pearl and not “father”-of-pearl? Maybe it’s because the lining of the shells, the “bellies” where actual pearls are produced, can be compared to a mother’s womb. Another theory: Mother-of-pearl is an organic gem material created by a living organism, like a mother creating a child. Sorry, dads, it’s just not part of your biological makeup!
Metaphysical Properties
There are so many positive qualities attributed to mother-of-pearl that it’s hard to know where to draw the line. Properties include attracting prosperity, heightening intuition and imagination, protecting from negative energy, increasing memory power, bringing about serenity and tranquility, encouraging perfection and attracting wealth.
Colors
Similar to pearls, mother-of-pearl can come in a huge variety of colorful variations, from basic white, gray-silver, blue green, to brown, black and more.
History
The ancient Egyptians apparently used mother-of-pearl to adorn silver pieces. It was later traded by American Indians and used to create beaded jewelry. According to at least one source, mother of pearl buttons in particular were big business in Victorian England. The Pearly Kings and Queens Society, an English charitable organization that originated in the 19th century and still exists today, sport distinctive outfits decorated with mother-of-pearl buttons.
Interesting in learning more? Stop on in and we’ll tell you everything we know about mother-of-pearl, pearls and any other precious metal or gemstone you’d like to discuss!
In a recent feature, Brides magazine discusses wedding ring trends like colored gemstones, vintage nostalgia, contoured stacks, oval-shaped diamonds, big and blingy jewelry and surprise diamond details. We’ve got ‘em all!
Colored Gemstones
We stock thousands of brilliant, loose precious gemstones waiting to be custom designed into a unique ring of your choice. Or how about combining sapphires, garnets, peridot, tourmaline, aquamarine and more with diamonds for a one-of-a-kind keepsake?
Contoured Stacks
Curved or contoured bands fit comfortably on your finger and are made to enhance the overall look. Every band is designed to complement the main attraction – your engagement ring.
Vintage Nostalgia
Grandmom’s cherished heirloom diamonds can be restyled into modern designs for the next generation. Or make your bride a part of your family history by created a new masterpiece with a beloved family member’s diamond. We’ll make sure each new setting is both beautiful and sturdy.
Oval-Shaped Diamonds
Oval-cut diamonds are said to enhance the finger. The stone may seem larger than a round cut due to the elongated shape. We’ll help you find your perfect diamond cut – if not oval or round, how about an emerald, princess, cushion, radiant or marquise cut to name a few?
David says that regardless which diamond you choose you’ll know it’s the right one “when you buy a diamond that speaks to you and catches your eye.”
We talk a lot about silver and gold, but you rarely hear us mention stainless steel, a durable alternative metal that you may more often hear about when used for bridge supports or medical instruments in industries like transportation and medicine. But stainless steel is also a featured metal in some of our prestigious jewelry lines, like CHARRIOL, SEIKO, CITIZEN and BULOVA.
Durable Yet Attractive
Stainless steel jewelry resists scratches and normal wear and tear, which makes it a great metal for everyday use, often along with precious metals, in a variety of rings, bracelets and watches. Some of the key benefits of this stable alloy include that stainless steel is:
- Aesthetically attractive
- Corrosion-free, tarnish-free and scratch-free
- Very durable
- Considered hypoallergenic
- Easy to clean with warm water and soap
- Usually less expensive than gold or silver
- 100% recyclable
- Wearable anytime, anywhere
So, What Exactly IS Stainless Steel?
Stainless steel is an iron and carbon alloy that contains more than 10% chromium. The chromium content combines with oxygen to provide special strength and corrosion-resistance, another factor that allows stainless steel to last for many years and still maintain a shiny appearance. It’s easily plated with gold and silver, providing a versatility that can’t be beat in terms of design, price and durability.
One Caveat: Get the Right-Sized Ring
Stainless steel rings are hard to re-size. Therefore, we strongly recommend only buying stainless steel rings that fit when you try them on. If re-sizing is even possible, it can be expensive, and the ring could break.
Interested in learning more about stainless steel jewelry? Stop on in and visit David Craig Jewelers today at 10 Summit Square Shopping Center, Langhorne, PA.
Looking for a fabulous birthday and/or Mother’s Day gift for next month? Arguably the world’s most popular green gemstone, emerald is May’s birthstone. The deeper the color, the more valuable the stone, although we think all emeralds are truly beautiful in their own unique way. For a truly special gift, let David Craig Jewelers custom design you an emerald pendant necklace, earrings, bracelets or more.
Ten Interesting Facts About Emeralds
- The green color of emeralds symbolizes spring and renewal. The first known emeralds were probably mined in Egypt. Mummies were said to be buried with them to symbolize re-birth. The famed Cleopatra was thought to have been especially fond of emeralds.
- On the Mohs scale that measures gemstone hardness, emeralds register between 7.5 and 8, making them fairly strong but more easily chipped or scratched than diamonds.
- Believe it or not, top quality emeralds can be worth even more than diamonds. It’s extremely rare to find an emerald without imperfections (inclusions).
- Emeralds are primarily sourced from places like Columbia (the top source), Brazil and Zambia. The elegantly carved “Mogul Mughal Emerald,” one of the largest emeralds known, weighs 217.80 carats. That’s some emerald!
- The “emerald cut” you hear about usually in relationship to diamond engagement rings was actually originally created for emeralds. It’s a rectangular shape with chiseled cuts developed to allow these more brittle gems to less likely to chip. The flat main surface is known as the “table” of the stone.
- Like diamonds, emeralds are evaluated base on the “4Cs” – clarity, color, cut and carat weight. They vary in shades from soft, light green to deep, dark green.
- Clean your emeralds gently with warm water. The many inclusions of the gemstone make them more susceptible to cracking from use and temperature change. If your gemstone needs some loving care, just bring it in and David Craig Jewelers can reinforce and enhance the stone as needed.
- Film star Elizabeth Taylor’s famous rectangular emerald pendant, given to her by Richard Burton, and surrounded by pear-shaped diamonds, sold for nearly $7million in 2011, setting a world record at the time.
- This lovely May birthstone is also considered the modern and traditional 55th anniversary gift. Wow the one you love with an emerald and make this huge accomplishment even grander.
- Long regarded as a spectacular jewel, these “Jewels of Kings” were worn as talismans to bring riches, promote eloquence and allow the wearer to predict the future. Emeralds were also thought to represent healing and fertility.
Check out more information on emeralds from the American Gem Society and stop on in for a gemstone chat with our experts at David Craig Jewelers!
All About Platinum
This year, Britain’s Queen Elizabeth marks her platinum jubilee, celebrating how she ascended to the throne 70 years ago in 1952 when her father died. As the longest-serving head of state, she’s the first British monarch to celebrate this historic platinum milestone. Platinum also happens to be the special precious metal we use for 70th wedding anniversary gifts.
Durability
Looking for elegance and durability? Platinum is an incredibly strong and dense metal. One of the rarest of our metals, platinum is associated with luxury and prestige. It hardly tarnishes and that silvery white look is all natural, too, unlike other metals that are created with alloys to achieve that same appearance.
One of the least reactive metals, platinum is used in jewelry, in lab equipment, in industrial applications and even medical and dental applications. Another big use: as a catalyst, as in car catalytic converter systems.
Work-Hardening of Platinum
We all love gold, but platinum holds a special allure, too. Unlike gold, it shouldn’t ever need replating. In a phenomenon known as “work hardening,” platinum loses less “metal mass” over the years than gold which is more likely to eventually wear down. As platinum wears, the surface actually becomes stronger, like a couple’s love! The result is a satiny sheen called a patina.
As David says, “Platinum is an investment you make in the beginning that pays off down the road!”
Source
According to How Stuff Works, platinum is primarily found in South Africa, mined as ore from deep underground. The website reports that Spaniards discovered the metal in South America and tossed it aside, thinking it was simply an impurity in silver. The story is that they labeled it “platina” meaning “little silver” which is where we get the word platinum.
Selection
At David Craig Jewelers, platinum is offered in a large selection of bracelets, women’s engagement rings, necklaces and more. One of the most trends we see is the use of platinum in men’s wedding bands. This sturdy metal has a high resale value and is additionally a great choice for sensitive skin since platinum is totally hypoallergenic.
Interesting in learning more? Stop on in and visit us at David Craig Jewelers at 10 Summit Square Shopping Center, Langhorne, PA 19047 (considered Newtown by many).
Elegant brooches or playful pins allow for fun statements on lapels. Or maybe you’ll want to jazz up a dress’s waistband, add one to cheer up a sweater or even use a brooch as a fancy hair ornament. Develop your own personal style for a new conversation starter or compliment your existing way of dressing.
Who can forget former British Prime Minister “Iron Lady” Margaret Thatcher (1925-2013)? She was a great leader who clearly loved jewelry. She almost always wore a brooch as part of her “uniform” of the day?
As stated by Beth Bernstein in Rapaport magazine, “Women are no longer afraid to wear big and bold statement jewels in their daily lives.”
Vintage Brooches
David Craig Jewelers offers beautifully crafted and very wearable representatives from the 20th century, featuring elegant combinations of gemstones and precious metals.
Transform a Brooch
Don’t see yourself wearing a brooch? Here’s an example of how we repurposed the precious gems on an heirloom brooch to turn one bejeweled brooch into a variety of keepsakes for cherished family members.
SHOWN: This 18 Karat Yellow Gold brooch features .25 carats total weight in round, brilliant diamonds and a 1.25 carat round garnet, set in what’s called a coral design. $1200.00
Need an Appraisal or Repair
Just a reminder that David Craig Jewelers can provide expert advice on estate pieces. We can also repair estate, antique and other vintage pieces so they look like new.
We’re highlighting vintage and estate jewelry this month, a market that, the international organization Rapaport Group, in their article “The Allure of Estate,” says is “hot, very hot.” They forecast an increased growth in this area which is “projected to grow seven times faster than the regular jewelry market.”
Vintage, Estate and Antique Jewelry
You’ve probably heard these three terms but may not really know that there are some slight differences. In a nutshell:
Antique jewelry was made at least 100 years ago. If you own some of these unique pieces, you know they’re usually extremely well crafted. You probably only wear them on special occasions, rightly so.
Vintage jewelry was made 50 -100 years ago. It’s easy to pair vintage jewelry with so many of today’s contemporary styles and trends.
Estate jewelry doesn’t have to come from an auction house. The term merely indicates that the jewelry has a previous owner, one who may be very much alive!
Popular for the Ages
Sotheby’s, in “The Eternal Allure of Vintage Fashion” comments that “vintage fine jewelry has an allure of its own, not only for the precious metals used, but because pieces are often representative of key cultural moments.”
We’re thrilled to keep history alive by offering pre-owned pieces that can be passed on again to the next generation. Highlights of our collection include:
- Vintage pieces from as low as $50 on up to $5,000
- Gold, platinum and silver
- Gem set with natural stones, pearls, sapphires, diamonds, etc.
- Often one-of-a-kind creations
- All pieces are cleaned and polished and checked for stability
Says David, “We’re seeing a trend in secondhand purchases that reinforces the joy people find in unique jewelry designs with great attention detail. These contain antique bits and baubles that were loved generations ago and are still appreciated today.”
Interested in learning more? Stop on in to David Craig Jewelers and check out our vintage, antique and estate selections. We’re happy to provide as much history as we can! 215-968-8900.
These fine vintage earrings are available at extra fine prices. From the top left: 14k gold w/pearl: $322; Pearl non-pierced screw backing $265; yellow gold ball danglers: $70; 14k gold hoops: $196; cubic zirconia: $184; 14k ruby and diamonds: $325.
Most of us are familiar with the “Tiffany blue” color – a light, robin egg blue that’s associated with the famous NYC company. Perhaps you recognize their heart-tag bracelet, inspired by a key chain they created in 1969. Or maybe you’re just a movie buff who enjoyed the late, great Audrey Hepburn in Breakfast at Tiffany’s.
Did you know that this timeless and celebrated company also has a fine tradition in sterling silver tableware? According to their website, Tiffany has one of the world’s largest groups of silversmiths who work out of the company’s Rhode Island location. Their legacy for sterling silver tableware reportedly began around 1851 when they began producing holloware pieces.
What’s called a “rapid expansion of wealth in America” along with a simultaneous discovery of silver in the American west spearheaded the way for new and creative silver tableware designs.
New Standard in Sterling
Tiffany was the first American company to utilize the British standard for silver, which indicates the purity of the alloy. Pure silver contains 99.9% elemental silver (Ag), while sterling silver .925 means the item is made with 92.5% silver. The remaining small amount of alloy, often copper, is used to add strength to the pieces.
Find Tiffany Tableware
Today, Tiffany silver tableware is showcased at museums including the British Museum, the Metropolitan Museum of Art, the Art Institute of Chicago, among others. And did we mention that David Craig Jewelers also offers vintage Tiffany silver tableware? If you’re a Tiffany collector or just like to admire gorgeous designs, stop in and check out our vintage pieces dating back to 1907. Call for more information: 215-968-8900.
This vintage 14k gold bangle beauty features pearls and rich garnets. A timeless addition to your jewelry ensemble at $995.00, from your trusted friends at David Craig Jewelers.
When it comes to trading in diamonds towards the purchase of new ones, David jokes “Give me your tired, your poor, your huddled masses….” Indeed, David Craig Jewelers welcomes you to stop in and trade in your diamond engagement ring stone, stud earrings, or necklace pendant toward an even more fabulous diamond.
Reasons to consider trading up:
- You tastes have evolved: Maybe you simply want to change the more sedate, traditional size and cut you loved three decades ago onto something more glamorous.
- Your budget has increased: A much greater disposable income now may be the perfect time to keep your original sentimental setting with a new center diamond.
- You want to celebrate a milestone: What better way to commemorate a special anniversary or wedding vow renewal?
- You deserve it!
Diamond Selection Extraordinaire
David offers brands like Forevermark from DeBeers, the company that gave us that famous slogan “A diamond is Forever” way back in 1947. De Beers Forevermark diamonds are individually inscribed with a promise that assures your diamond is “beautiful, rare and responsibly sourced.”
Diamonds, in fact, have been popular for centuries. The Gemological Institute of America (GIA) tells us that diamonds were probably traded in India as far back as the fourth century B.C. By the 1400s, diamonds, they say, were becoming fashionable with European elites. As diamond popularity increased even more, a large quantity was discovered in 1866 in South Africa, followed by advancements in mining techniques, cutting, polishing and appearance.
More Diamond Tips:
- If you purchased your original diamond from us we will take this value in credit towards a bigger diamond, provided it is in the same condition as when you first purchased it. But we also will consider diamonds not purchased originally with us.
- Trade-ins do not include lab-created diamonds, which we do not carry.
- Diamonds that are chipped or otherwise damaged are not eligible for upgrade.
For more information, make an appointment with David and let’s get started on creating you the diamond you’ve always dreamed of!
Valentine’s Day, birthdays and anniversaries are just some of the occasions made even brighter with diamond jewelry gifts—ways of making today’s celebrations last into tomorrow and forever.
Diamond Earrings
An investment in the perfect wedding dress of your dreams makes that momentous trip down the aisle even more spectacular. Include a gorgeous pair of diamond studs, hoops or drops and make every day seem like a special trip down the aisle. Add a splash of sparkle to your lifestyle with precious gemstone earrings like sapphires, emeralds and amethysts that can be custom designed with diamonds for the perfect ear bling experience.
Diamond Bracelets
Cuffs and bangles are always lovely. One of the latest trends we love is layering. Who’s to say you can’t pair a flirtatious “bolo” slider diamond with some of your other favorite metals and gemstones? Simple everyday flair or fashion-forward fabulous: The choice is yours!
Diamond Necklaces
Seasons change but diamonds are forever. De Beers Forevermark’s diamond necklaces, for instance, are beautiful, rare and responsibly sourced. Choose from chain link, collars, chokers, pendants and more. A diamond necklace is a versatile accessory that seamlessly works with your outfits from behind the desk at 10 am to late night dancing.
Diamond Rings
Crafting a custom ring is a super fun and easy process at David Craig Jewelers. We’ll help you pick the perfect timeless, vintage or modern style to match your unique taste and budget. Our diamond experts are led by owner David Craig Rotenberg, an international gemstone authority with decades of experience in helping individuals and couples throughout Bucks and nearby counties find diamonds that dazzle.
Interested in learning more? Check out our blogs on diamond trivia, diamond grading and more. Then stop on in to David Craig Jewelers and let us help you pick out the diamonds of your dreams!
Visit David Craig Jewelers and expect to be dazzled. Our stunning collection of diamonds and gemstones can be custom designed into the kind of engagement ring that totally stands out from the crowd. While about 80% of our engagement ring business still features diamonds as a center stone, we know that many folks today may not want to follow the patterns of previous generations. They may want a ring that’s slightly less conventional.
The Center of Her Universe
In a 2021 survey of 5,000 couples on the wedding planning and inspiration website The Knot, 10% of readers responded that the center of their engagement ring featured an eye-catching precious gemstone instead of a diamond. Brides magazine threw in their two cents with their list of beautiful diamond-alternative center stones, like sapphires, amethysts, rubies and names you may not have heard of like moranite (a feminine pink stone) and moissanite (similar to a diamond).
Iconic Royal Ring
Kate Middleton wears a gorgeous 12-carat sapphire engagement ring surrounded by 14 solitaire diamonds. It’s the dazzler that previously belonged to Prince William’s mother, Princess Diana. The ring is reportedly reminiscent of the blue sapphire brooch surrounded by diamonds that was gifted to Queen Victoria by Prince Albert. Queen Elizabeth inherited the brooch which is thought to have inspired this famous engagement ring.
Says David: “Why not show off your favorite colors, or your birthstone and let us custom design an engagement ring that really expresses who you are?”
Stop into David Craig Jewelers and let us show you some of our gorgeous gemstones. We can help you build an engagement ring around a gemstone set on your choice of precious metals—white gold, yellow gold, platinum – anything goes! Call today to set up an appointment: 215-968-8900.
According to the American Gem Society (AGS), pearls have been a symbol of beauty and purity for centuries. Here are five pearl facts you might not know:
- Political Pearls? From Martha Washington to Kamala Harris, and Queen Elizabeth across the pond, many world leaders and their spouses love pearls which seem to be synonymous with fame, glamour, power and beauty.
- Not Just Your Mother’s Pearls One of today’s hottest celebrity looks, pearls have recently been featured accessories seen worn by folks like Billie Eilish, Gigi Hadid, Dua Lipa, Demi Lovato and even Harry Styles.
- Variety Galore Pearls are available in single, double and seemingly endless strands, in chunky or delicate styles, in pendants, earrings and more.
- Lustrous Colors Sure, you know they come in white, cream and beige. But pearls are also popular in pink, chocolate, blue and even black.
- Natural Versus Cultured Since Kokichi Mikimoto first created a cultured (cultivated) pearl in the 19th century, nearly all of today’s subsequent pearls are generated with his technique, “seeded” by hand and produced by oysters or mollusks.
Want to know how to tell fake pearls from the Real McCoy? Check out our 2020 blog and read more on the topic.
It might be cold outside, but our hearts are warm when we think about the delight we get from some of our fan favorite gemstones.
Tourmaline: The name is thought to come from the Sri Lankan phrase for mixed gemstones “Touramali,” which makes sense since this precious gemstone’s name comes in a dazzling variety of colors.
Peridot: This yellowish-green gemstone may have been Cleopatra’s favorite.
Moonstone: While not found in this warm southern state, it’s nonetheless the official state gem of Florida (think NASA/MOON/astronauts).
Garnet: Most widely known in its dark red variety, this gemstone resembles the juicy red seeds of a pomegranate. The name “garnet” comes from the Latin “granatum” which means, no surprise here, pomegranate seed.
Sapphire: They’re gorgeous but nearly as hard as diamonds which makes them great everyday wear.
Emerald: (Shown here). According to the Gemological Institute of America (GIA), Elizabeth Taylor’s emerald pendant sold for $6,578,500 in 2011.
Tanzanite: Mountain climbing afficionados take note: Only found in Tanzania, these gemstones are extremely rare and, therefore, valuable. They’re only found in the foothills of Mt. Kilimanjaro.
Alexandrite: Feeling royal? The GIA tells us that this color-changing gemstone is named after Czar Alexander II.
Amethyst: If you like the color purple you’ll really love these members of the quartz family that are often a bit less expensive than some other gemstones as they’re easier to find in nature.
Citrine: Feng shui enthusiasts claim that this yellow-to-reddish orange gemstone brings good fortune and wealth.
We carry the above gemstones and many others as set in beautiful necklaces, earrings, bracelets and rings. And don’t forget our super selection of loose gemstones available for any custom-designed article of your choice. Call us at 215-968-8900 with questions or stop in and chat.
Did you know that natural (also called “fancy”) diamonds can come in nearly every color of the rainbow? While the odds of a diamond having color are estimated at 1 in 10,000, rare brown, yellow, red, blue and purple diamonds exist, as well as diamonds of all sorts of colors in between.
#1 Pink diamonds are highly coveted. The Natural Diamond Council explains that diamonds obtain a pink color through a process called plastic deformation. The diamond’s crystal structure is compressed in such a way that it reflects red light.
#2 Pink diamonds (yes, there’s SO more to tell!) are apparently so rare that the amount recovered in one year would only fill a champagne flute.
#3 The Gemological Institute of America (GIA) tells us that brown diamonds became more popular in the 1980s when the industry began giving them romantic names like “champagne,” “cognac” and “chocolate.”
#4 The 41-carat Dresden green diamond is one of the rarest fancy diamonds in the world. The Metropolitan Museum of Art says the stone was most likely mined in India but was first referenced in Dresden, Germany, where it has been displayed for centuries.
#5 The famous 45.52-carat Hope Diamond was named after Henry Philip Hope. Passed down through various Hope family members for many years, it was sold to pay off debts in 1901. In 1958, famed jewelry retailer Harry Winston donated the diamond to the Smithsonian Institution.
#6 Billions of years ago, tiny amounts of nitrogen (yellow and orange shades), boron (blue) and hydrogen (violet) as well as natural radiation (green) contributed to the miracles that are mined today in parts of the world like Australia (pink), Siberia (purple), South America (green) and Southern Africa (blue).
#7 Diamonds that appear milky white instead of clear are considered white diamonds. Some fancy diamonds are one color with a tint of another.
#8 At more than 118 carats, the Delaire Sunrise yellow diamond is valued at more than $42 million!
#9 The cost of purchasing a colored diamond continues to increase; owning a natural fancy colored diamond is considered a good investment.
#10 According to the natural-colored diamond association (NCDIA), the rarest diamonds (and therefore the highest value) are intense/vivid shades of red, purple and orange. If you’re comparing two rare-colored diamonds and the color and intensity of the color are equal, the value then depends on the stone size. Not as quite as rare are champagne or black diamonds which are perhaps more affordable.
There’s so much to consider when purchasing a diamond, let alone a “fancy” one! Interested in learning more? Come on in and speak to David and his team of diamond specialists. David is one of the country’s most qualified and credentialed diamond experts.
Jewelry appraisal isn’t just about replacement value, although insurance replacement appraisal is surely one of the important reasons customers come to David Craig Jewelers so they can properly protect their jewelry. The appraisal value reflects the cost of replacing your cherished item. For new items, the insurance replacement value will basically reflect the price of the merchandise sold.
Other Main Types of Appraisals
Fair Market Value appraisals represents the jewelry in its current condition, not what it was worth when new. These appraisals are valuable for estate tax purposes, gift tax donations, IRS/Treasury Department and other U.S. government purposes. Fair market value will often be lower than the insurance replacement value. Liquidation Value appraisals are rarer and don’t necessarily reflect the true worth of jewelry under normal circumstances. These appraisals are more common in divorce settlements or estate liquidations.
Jewelry Appraisal is Different Than Jewelry Grading
A jewelry appraisal can provide you with anticipated value in today’s market, providing overall details of your cherished piece. The grading report verifies and examines the authenticity and details associated with just the gem in a piece of jewelry, not the value. Diamond grading reports, for instance, are common when purchasing engagement rings and tell you all about the diamond based on the 4Cs (cut, clarity, color and carat).
Choose the Right Jewelry Appraiser
Finding a great jewelry appraiser is well worth the research so you can be sure you know exactly what your jewelry is worth especially if your jewelry gets stolen or lost.
Make an educated choice by choosing David Craig Jewelers for your jewelry appraisal needs. David’s an award-winning member of the International Society of Appraisers and an international gem stone authority who is sought for his knowledge and expertise on the appraisal and value of fine diamonds and jewelry. He’s an American Gem Society (AGS) certified gemologist appraiser and a CAPP (certified triple appraiser of personal property.
Diamond experts like the folks at David Craig Jewelers work with grading systems that help customers better understand exactly what you are purchasing.
Diamond Grading 101
There’s no doubt that purchasing a diamond engagement ring is a big decision and a very emotional one. Back in the 1940s, the folks at the Gemological Institute of America (GIA) realized how confusing diamond purchasing could be with value seemingly subjectively compared. They developed a standardized system that would once and for all provide best practice guidelines that all professionals could use. Since then, natural born diamonds (from the earth, not laboratory grown simulations) are assessed in four categories – those famous 4cs you may have heard of: Cut, Clarity, Color and Carat weight.
Diamond Cut: While the GIA grades diamonds with a scale of 0-10, the American Gem Society (AGS), another powerhouse and reputable source for diamond certification, labels stones “Ideal” on down to “Poor.” Shape refers to the outline of the diamond as you look down at it. It’s just one aspect of the diamond cut. The quality of the cut is what gives the diamond its brilliance. The more proportional the cut, the greater the brilliance and sparkle. A great cut captures light and reflects it back spectacularly.
Diamond Clarity: Clarity grading differs between the two key gemological institutions, the GIA and AGS, with GIA using more of an alphabetical system and AGS using a numbering system. As one example: An “IF” rating from the GIA is the same as a “1” from the AGS and indicates a diamond that has no inclusions visible at 10x magnification with insignificant surface blemishes.
Diamond Color Grading: Like diamond clarity, the AGS makes it easy with numbers running 1-10. As an example, a “5-6” rating signifies small stones that appear “face-up,” colorless when mounted, with larger stones tinted. The equivalent GIA category is a “J-K-L.”
Why are we telling you this?
We’re not trying to confuse you, honest! Quite the contrary. We just want to show you that tons of energy and thought has been put into comparing diamonds to make sure that an excellent diamond from one jeweler is still an excellent diamond as seen by the next. David Craig and his team of jewelry specialists are here to help you choose a diamond that you’ll love today and always. We can custom design a diamond ring to fit your unique taste and budget.
Finding the perfect diamond engagement ring to suit your taste and budget can seem like an overwhelming task. Want to make your experience more pleasurable? Find an expert gemologist who can guide you effortlessly through the “4Cs” of diamond grading.
Cut: The more precise the cut, the more beautiful the diamond. Cut shouldn’t be confused with shape (round, princess, brilliant, etc.). The Gemological Institute of America offers an interesting video on the subject.
Carat: This is the weight of the diamond. Brides’ magazine reports that the average diamond engagement ring size is one carat, although we often sell larger (and smaller) stones. They contrast their factoid to Kim Kardashian’s emerald-cut diamond (stolen in 2016) weighing in at 20 carats, with an estimated worth of $4.5 million. Yowza!
Clarity: All diamonds have imperfections. The smaller and fewer the imperfections, or “inclusions,” the higher the price you can expect to pay in most circumstances.
Color: Diamonds actually range from colorless to light brown, with “fancy” varieties available in pink, blue and yellow, for instance.
Expert Advice… From the Experts
David Craig prides himself on a high level of knowledge and ethical standards that his customers won’t find with most online retailers. He’s received the equivalent of the Academy of Awards lifetime of achievement award when named an Emeritus Certified Gemologist Appraiser from the American Gem Society. Together with our team of trustworthy, experienced gem experts, we make diamond engagement ring shopping an easy and enjoyable experience.
We’ll help you find the perfect diamond and setting within your budget. If your dream ring isn’t here, we will work with you to design a unique masterpiece. We know diamonds! Call us at 215-968-8900 if you’d like to set up an appointment in advance.
Born and raised in Philadelphia, and a current resident of Holland, Pennsylvania, Jennifer Johnston is our “Jennifer-of-all trades” back-office expert and sales specialist. She gives her all whether it’s receiving new inventory, speaking to vendors or helping David Craig Jewelers’ customers pick out lovely jewelry.
Jennifer’s Background
Jennifer’s been with David Craig Jewelers for more than two years and boasts loads of experience that includes a stint in the jewelry industry as well as travel and tourism.
“No matter what I’ve done in my life, I like the concept of customer service, meeting people, working with various vendors, talking to customers.”
Family Comes First
Jennifer and her husband, Joe, have been happily married for 28 years. Their two adult sons (one still in PA and the other in Texas) went through the acclaimed Council Rock school system.
What’s So Cool About Her Job
Jennifer loves how every day at David Craig Jewelers offers her new challenges and opportunities.
“I really enjoy ‘playing’ with the diamonds and gemstones I receive into inventory,” she admits. “And it’s so much fun hearing our customers tell us their ideas and seeing these rough concepts morph into beautiful new custom designs when we add our creativity to the mix.”
In Her Spare Time
Jennifer loves traveling and spending time at the Jersey shore. Maybe it’s her love of water. After all, she was a swimmer growing up from elementary school through her teens. With Thanksgiving right around the corner, she looks forward to celebrating with her extended family at the Johnston house again this year. “We had to cancel last year, so this year’s holiday is even more exciting.”
You can reach Jennifer at jennifer@davidcraigjewelers.com.
With nearly 18 years of hands-on jewelry industry experience, Chae Mabry brings a wealth of knowledge and enthusiasm to her role as one of David’s top sales associates.
A Gem of an Education
A certified sales associate with the American Gem Society (AGS), Chae also boasts impressive titles like certified diamondtologist with the Diamond Council of America. She’s a guild gemologist and is keen on one day becoming a graduate gemologist.
While originally from Winston Salem, North Carolina, Chae’s lifelong thirst for higher education took flight up north at Rutgers University where she majored in English literature and minored in philosophy. She considered the field of medicine at one point (cardiovascular surgery, no less!) as well as corporate law. In 2004, she was a student representative for the HESAA program that developed the NJ Stars Program, a tuition reward scholarship initiative that has since helped thousands of high-achieving high school students pay for part of their college tuition.
Inspired by Customers
“I love helping create unique pieces to celebrate special moments,” she says. “It’s always fun to talk to our customers and hear about the kind of experiences and special occasions that prompt them to want to create commemorative pieces.”
Finding Special Peace Through Religion
Chae participates in various ministries and recently completed the Life Church’s School of Christian Leadership program. When not helping David Craig Jewelers customers find the perfect rings, necklaces, bracelets and earrings, she enjoys studying the interlinear bible, a tool that allows researchers like her to read and contrast Hebrew and Greek texts.
You May Not Know That…
Chae loves to cook. Her appreciation of various cuisines is prompted by close friendships with individuals of many ethnicities.
Looking for the perfect ruby, sapphire, tourmaline or emerald gemstone? Check out our November Loose Gemstone Month at David Craig Jewelers. How about abalone, pearl, amethyst or topaz? As David says, “if you don’t find the gemstone you want here, you won’t find it anywhere!”
Pick out the perfect stone you love and keep it for a future jewelry project. Or let us design something fabulously unique just for you. Shop by type of stone, color or shape. How about your birthstone month?
Personalized Gemstone Advice
David’s an active participant in the American Gem Society, a nonprofit association of top jewelers and suppliers across the country. He frequently lectures and writes about gemstones, gemstone appraisal, gem-carving and more. Working from our ideas, yours or a combination of the two, we can design a one-of-a-kind gemstone ring, necklace, pair of earrings or bracelet in basically three easy steps:
1/Choose one or more of our exotic gemstones, or maybe bring in one of your own and let us add some complementary stones.
2/Decide on the perfect setting to showcase your gemstones. Our artisans are eager to help!
3/Cherish your unique piece of fine jewelry today and always.
Read more information on gemstones from David Craig Jewelers and then stop in and find your perfect stones!
Did you know that all silver dimes, quarters and half dollar coins minted 1964 or earlier in America are composed of a slew of silver? Today’s coins, on the other hand, are composed of copper and nickel. So why the “change?”
Silver Through History
Considered one of the earliest forms of currency, silver has been used as a way of bartering for trade since as far back as 600 BC. It was mandated as legal tender in this country in 1789, following signing of the U.S. Constitution. In Article 1, Section 10, our forefathers declared that “no state shall… make anything but gold and silver coin a tender in payment of debts.”
Bye-Bye Silver
In 1965, in the Coinage Act of 1965, then President Lyndon Baines Johnson signed into law the new act that eliminated silver content from dimes and quarters. The act also reduced silver content from a whopping 90% down to 40% in Kennedy half dollars. Johnson warned against folks hoarding coins and claimed that there would be no profit in “holding out in circulation for the value of their silver content.” Was Johnson right?
Today’s Value
Today, the intrinsic silver “melt” value of those pre-1964 coins is worth more than the original face value, with amount dependent on the current value of silver per troy ounce, a value that, like gold, constantly rises and falls. But, as an idea, if you had “hoarded” 25 Washington quarters minted between 1932 and 1964, that $6.25 worth of quarters might bring you close to $200 today for silver content, not taking into consideration any possible numismatic (collector) value for rare coins. As an example, according to SD Bullion, a doubled die obverse Washington quarter from 1937 could be worth around $600 to a keen collector.
Volatile Fluctuation
The price of silver jumped approximately 70% in the last year, trading at $27/ounce a few months ago versus $15/per ounce the same time the previous year. The reason for the dramatic rise was attributed to industrial demand, according to CNBC, since silver, with a high level of electrical conductivity and durability, is an integral component of many everyday products including computers, cars and mobile phones. As of October 6th, the value of one troy ounce of silver (31.10 grams) was nearly $21. That’s about the equivalent of 14 silver dimes which each contain .0723 ounces of silver.
Trade Them In
David Craig Jewelers is a great place to visit to trade in your silver coins. We buy gold and silver, (as well as diamonds, platinum and various antique jewelry) and pay top dollar. Call us at 215-968-8900 and make an appointment for a fast, hassle-free quote from one of the area’s most knowledgeable precious metal, gem and diamond experts. No obligations!
And look for more little tidbits about silver from us. It’s one of our favorite precious metals and deserves some highlighting here and there!
When it comes to trading in diamonds towards the purchase of new ones, David jokes “Give me your tired, your poor, your huddled masses….” Indeed, David Craig Jewelers welcomes you to stop in and trade in your diamond engagement ring stone, stud earrings, or necklace pendant toward an even more fabulous diamond.
Reasons to consider trading up:
- You tastes have evolved: Maybe you simply want to change the more sedate, traditional size and cut you loved three decades ago onto something more glamorous.
- Your budget has increased: A much greater disposable income now may be the perfect time to keep your original sentimental setting with a new center diamond.
- You want to celebrate a milestone: What better way to commemorate a special anniversary or wedding vow renewal?
- You deserve it!
Diamond Selection Extraordinaire
David offers brands like Forevermark from DeBeers, the company that gave us that famous slogan “A diamond is Forever” way back in 1947. De Beers Forevermark diamonds are individually inscribed with a promise that assures your diamond is “beautiful, rare and responsibly sourced.”
Diamonds, in fact, have been popular for centuries. The Gemological Institute of America (GIA) tells us that diamonds were probably traded in India as far back as the fourth century B.C. By the 1400s, diamonds, they say, were becoming fashionable with European elites. As diamond popularity increased even more, a large quantity was discovered in 1866 in South Africa, followed by advancements in mining techniques, cutting, polishing and appearance.
More Diamond Tips:
- If you purchased your original diamond from us we will take this value in credit towards a bigger diamond, provided it is in the same condition as when you first purchased it. But we also will consider diamonds not purchased originally with us.
- Trade-ins do not include lab-created diamonds, which we do not carry.
- Diamonds that are chipped or otherwise damaged are not eligible for upgrade.
For more information, make an appointment with David and let’s get started on creating you the diamond you’ve always dreamed of!
- In some cultures, huge earrings are a sign of stature—among men.
- The ancient Egyptians may have worn live bejeweled beetles into battle to help keep them safe (or at least grossed out, as far as we’re concerned). Cockroaches seem to have been popular, too.
- The strange superstition about opals may have started with a novel by Sir Walter Scott where the protagonist who wore an opal died.
- Pearls come from living animals.
- Diamonds aren’t just gorgeous bling; we value them for their usage in machinery due to their durability and hardness. They’re almost unbreakable.
- Sapphires and rubies are really the same gemstone. A red corundum sapphire is called a ruby.
- And, speaking of sapphires (September’s birthstone), the most recognized piece of jewelry in the world is probably Kate Middleton’s sapphire, which originally belonged to Princess Diana.
- The word “jewel” comes from the old French “joeul” which connoted a plaything or little game.
- 24-karat gold is so soft it can be bent and twisted in your hands. That’s why, when used for jewelry, it’s always alloyed with other metals to add durability.
- Tons of ounces of ore have to be mined to produce just one small ounce of platinum.
Interested in learning more? Check out the American Gem Society’s timed jewelry quizzes or stop on in to David Craig Jewelers. Try to stump our jewelry experts. Our beautiful selection of fabulous diamonds, precious metals and gemstones is as broad as our knowledge of fine jewelry!