Jeweller - June, Edition II 2020

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News In Brief New damage-free sanitising device available for jewellery retailers Tiffany & Co. sued over colour-change bracelet A Thai jewellery company, Jacob’s Jewelry Co. has filed suit against Tiffany & Co. for allegedly infringing on a jewellery design patent. It asserts that a bracelet from Tiffany’s 2016 Masterpieces Collection features a patented setting which makes the gemstones change colour when viewed from different angles. Tiffany & Co. has argued that the patent is invalid as other vintage jewellery features the same setting. Trial requested for Kardashian robbers French prosecutors have requested a trial for 12 suspects in the 2016 robbery of celebrity Kim Kardashian West. The star was held at gunpoint in a Paris hotel and robbed of jewellery and watches valued at more than €9 million ($AU14.6 million). Agence France- Presse reports that the supsects are ‘at liberty but under state supervision’. Chinese sales lead diamond recovery The latest financial report from Russian mining conglomerate Alrosa has noted signs of recovery in the Asian diamond market, led by China. Alexey Philippovskiy, chief financial officer Alrosa, said, “Today, we see diamond jewelry sales bouncing back in China and other Asian markets, which is expected to drive diamond demand up as soon as July [or] August.” De Beers supports removal of founder’s statue De Beers has leant its support to calls for a statue of its co-founder, Cecil Rhodes, to be removed from the University of Oxford. Rhodes, a former Prime Minister of the Cape Colony in what is now South Africa, expressed imperialist and white supremacist views during his lifetime. “While we can’t rewrite history, we can bear the responsibility of history to build a better legacy,” the company said in a statement. The Parify LED UV Steriliser uses ultraviolet light to quickly destroy viruses, pathogens and bacteria, including COVID-19. Duraflex Group Australia (DGA) is distributing a new device, capable of quickly sterilising jewellery and watches using ultraviolet rays, to retailers. The portable and lightweight Parify UV Steriliser, which was developed in the UK for use in hospitals, achieves up to a 99 per cent disinfection rate against RNA and DNA viruses, including COVID-19, as well as other pathogens and bacteria. ”It’s a simple and affordable solution to many hygiene issues within the store environment, and ideal for the jewellery retail trade as we recover from COVID-19 and create the ‘new normal’” – Phil Edwards, Duraflex Group Australia It has been tested and validated by SGS, the world’s leading inspection, verification and certification company. Phil Edwards, managing director DGA, said, “During the challenges of COVID-19, we have been open to anything that can support our retail partners. This unit was introduced to DGA by a fellow distributor from the UK with whom we have been in contact for many years. “It’s a simple and affordable solution to many hygiene issues within the store environment, and ideal for the jewellery retail trade as we recover from COVID-19 and create the ‘new normal’ of hygiene standards – and meet the consumer’s expectation of hygiene.” The device, which is priced at $179, can fit most jewellery items and watches. The sterilising process takes between two and three minutes and there is no special equipment or training required to operate it. More than 6,000 units have been sold in the UK since its release two months ago. Edwards recommends two devices per store, “One in the front of the store – to be used directly with the customer so they can see your in-house safety precautions and hygiene standards – and the second in the back office or repairs area.” Edwards adds that from initial testing results, the device carries no risk of damage to jewellery, adding, “It is certainly considered a much safer and cleaner option than liquid sanitiser with a high alcohol content, which can damage delicate jewellery.” However, jewellers are advised to use alternative methods for stones that could change colour when exposed to ultraviolet light, such as unheated sapphires, kunzite, amethyst, and zircon. 16 | June 2020
Australian refiner receives prestigious international accreditation for gold bullion FEATURING THE DELICATE PINK TONE OF ARGYLE PINK DIAMONDS ABC Refinery, part of the Pallion group of companies, has been accredited by global markets company CME Group, which will allow ABC Bullion to be traded on the New York Commodity Exchange (COMEX) – one of the world’s largest gold exchanges. The refiner is also accredited by the London Bullion Market Association (LBMA) and the Shanghai Gold Exchange (SGE). It is the only Australian refinery to hold LBMA, SGE and CME accreditation. Phillip Cochineas, managing director ABC Refinery, said, “This accreditation ensures ABC Bullion bars will continue to be a preferred brand in the global marketplace and remain sought after for years to come.” “It is a positive reflection on the entire Pallion family, which has enabled us to achieve this high international standard and furthers our support of the Australian gold industry by increasing demand for Australian gold,” he added. Steven Kratsas, marketing manager Pallion, told Jeweller, “ABC is an internationally-recognised refinery. “This additional accreditation gives jewellers peace of mind that the precious metals that they send for refining are held to the standard of LBMA, SGE, and CME. “The gold that they receive back is recognised as being 99.99 per cent pure, and not only that, but it also meets the ethical sourcing standards that these international bodies demand.” ABC Refinery uses the acid-less separation (ALS) process as part of Pallion’s ‘green gold’ refining standard, which Kratsas says is part of the group’s broader goal to lead the industry in technology and innovation. As previously reported in Jeweller, Palloys – another Pallion company – became the first Australian jewellery manufacturer and wholesaler to be accredited by the Responsible Jewellery Council (RJC) in 2019. Kratsas explained that the accreditation process took two years to complete and involved being externally audited on the social and environmental impacts of its various processes. “I believe still to this day, we are the only Australian wholesaler and manufacturer that is RJC-accredited. So that’s a big feather in our cap,” he said. ABC Refinery refines approximately 20 per cent of the gold mined in Australia, in addition to jewellery scrap, and does not import gold for refining. Kratsas said that guaranteed Australian origin of gold could form a unique selling point for jewellers in the post- COVID-19 environment. It is a positive the entire Pallion family, which has enabled us to achieve this high international standard and furthers our support of the Australian gold industry Philip Cochineas, ABC Refinery SAMS GROUP AUSTRALIA E pink@samsgroup.com.au W samsgroup.com.au P 02 9290 2199
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