Monthly Archives: October 2012

“I Would Wear That!”

by Nicolette Kovacevich, G.G.
Manager of Fine Jewelry, Omi Privé

One of the most important things I took from my education was something a female professor once said in a business course. While discussing females in the financial workplace, she recommended, “We have to dress for the job we want, not necessarily the job we have.” Well, I know it was a side topic for the class at the time, but that phrase stuck with me, and as I developed my career (out of finance and into jewelry, no less) I learned to not only apply that lesson to work, but to life.

I believe that what we wear affects how we feel. From a new pair of running shoes to a pair of Sapphire and Diamond earrings, I believe every piece one puts on adds value to your day. Dress for the day you want to have. Even if the schedule only includes laundry and a trip to the market, nobody can dispute that wearing a fabulous cocktail ring while folding clothes or picking out produce cannot make it more exciting! Jewelry may be an accessory, but it is one that evokes emotion. The relevance it can hold in our day-to-day life is as prominent and as meaningful as its tangible value.

Working with jewelry every day definitely has its pros. Who can complain about waking up every morning and working a 9-6 job, while being surrounded by spectacular rare colored gemstones, presented in fine gold and platinum settings? However, when I leave the workplace at the end of each day, I am quickly reminded of the “real world,” and of the value and extremities of the pieces I work with.

Here, I am wearing my first piece of Omi Privé, a 20.02 carat unheated natural pink sapphire and diamond ring!

Design details under the head and on the sides of a ring only add to its alluring beauty.

I understand that to some, jewelry is a novelty. It is something of beauty to be cherished, worn and enjoyed. To others, it is an Investment. But to all, it is a luxury. I am so thrilled to have the pleasure to manage Omi Privé, one of the most spectacular collections of fine and rare gemstones set in specially designed and handcrafted pieces of jewelry. As the new Manager, I am especially excited to guide the collection as it expands and grows to reach both loyal and new customers. It is my hope that by sharing my behind-the-scenes experiences, the beautiful colors of this collection can inspire your days as they do mine. Every piece in Omi Privé tells a story. I look forward to sharing my reactions and “loves” with each of you, and hopefully add color to your days, too!

Nicolette prepares the colorful jewelry for the day!

 

Posted in Gemstones, Jewelry | 3 Comments
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World Record Ruby and Sapphire Rush

In the spring of this year, a new gem rush occurred in northeastern Madagascar, about 15 miles south of Didy village. Parcels of fine blue sapphires emerged in the local market in early April. The mining site, which is located in one of Madagascar’s newest national parks, Makira Natural Park, in the Ankeniheny-Zahamena corridor, was invaded by thousands of miners following the discovery of the large sapphires.

Large rough sapphire and ruby discovered in the Northeastern section of Madagascar.

The news of the latest and large gem deposits created a mass migration to the site. An estimated 5,000-10,000 people inhabited the park. Madagascar is rich with mineral deposits, but its people are some of the poorest on earth. More than half of the population lives well below the World Bank’s poverty line of US $1.25 per day. Thus, the newfound deposits brought hope among many.

Thousands of minors flooded the Didy area erecting make-shift homes of branches and plastic sheets, beaten by near-daily rains.

Transportation to the small town of Didy is difficult, as less than a third of the 200 miles from the capital of Antananarivo is on paved roads. The capital is the closest location to the site and only reachable by bush taxi. Upon arrival in Didy, miners still had at least two full days of hard walking through dense and endangered rainforest, where the last 10 hours are full of steep hills with wet and boggy paths. Once to the site, optimistic miners worked the gravel in shallow pits with hand tools and washed the earth and rocks in knee-deep filthy water. They were carried by the hope of discovering sapphires weighing 5+ carats, some even finding 100+ carat rough.

Geographical map of the Didy mining area, click to enlarge.

Despite the mining being illegal on protected land, the Malagasy government was unable to control the masses. Along with the Ministry of Environment, they are looking to restore the damage once the mining is finished.

Most of the production from the site was blue sapphire, without any milky or geuda-type material commonly found at other Malagasy deposits. It has been said that the new deposit is also producing orangy-pink sapphires and orangy-red rubies. More than 400 buyers have opened buying offices in the near-by Ambatondrazaka. Samples have been sent to GIA to have their gemological properties studied, and results will be published in the near future. GRS has also posted a short preview of a documentary they will be releasing on the mining in the area.

This recent rush is reflective of the difficulty and rarity associated with such valuable gemstones today. The struggles faced by the local miners are exemplary of the importance and worth of the fine corundum material being found in this region. As the authority in loose colored gemstones we keep a close eye on the world market and sourcing the finest quality stones for you and your customers. Please call us at 877.OMI.GEMS if you are in search of large sapphires or rubies.

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Insider Report from Hong Kong 2012

The September 2012 Hong Kong Jewellery and Gem Fair was busy with activity as the Omi Gems buyers immersed themselves in the rarest loose gemstones from around the world!

International buyers travel the world for one destination, the Hong Kong Jewellery and Gem Fair.

Niveet Nagpal, Vice President of Omi Gems, observed the crowd at this September show to be highly international, with buyers from Europe and the Americas seeming to have stronger presence than recent years. He feels that overall, the show was a bit quieter than usual, with less local attendance as seen in the years past. The news of the Chinese economy slowing may not be over-reaction from the media.

One of the most important aspects to note from our experience at this show is the in the colored stone area. The current trend continues to be large and rare high-end stones. Greater and finer rubies and sapphires are currently in the highest demand. “The market really has an appetite for quality, size and rarity!” says Niveet. “This may have to do with the wealthy having an eagerness for tangible assets or an investment that can actually be worn.”

We scored some amazing large cushion shape sapphires. Here you see a 9.51 carat and a 7.20 carat.

An obvious effect of this desire for superior gemstones is seen in current pricing. Prices are up across the board, as Niveet and his father, Omi, both noted that finer sapphires are 20-30% higher than last year, with ruby costs being as much as double. “These price increases also begin affecting smaller, better-quality gems from 1-3 carats,” explains Niveet. As the market becomes very selective regarding what they choose to invest in, some vendors had a great show, while others may not feel as positive about their outcomes.

Fortunately, Niveet feels that due to Omi Gems’ long-time history in the industry, and strong partner relationships, we are able to access, source, and provide such fine goods that may not be available otherwise. This show served as a reminder to us of the greater difficulties faced today in procuring inventories of excellent loose goods.

Some very fine and saturated cushion shape rubies!

We emphasize and appreciate our ability to work with our partners in order to have many high-quality loose stones specifically cut for us. “We feel fortunate to return with a number of fine, large sapphires, as well as hard-to-find cushion shaped rubies,” Niveet declares. At Omi Gems our goal is to provide the best color from around the world. Call us today at 877.OMI.GEMS to fill your loose colored gemstone needs.

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BRIDES – NOVEMBER 2012

Oval-cut emerald set in 18-karat white gold with diamond accents, Omi Privé; omiprive.com.

Posted in As Seen In, Jewelry, Press, Retail, Trends | Comments Off on BRIDES – NOVEMBER 2012
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IN COLOR – SUMMER 2012

The trend is color! "With more people stocking up on colored stones, you'll see even more color that will add to the trend already in motion," describes Niveet Nagpal of California based Omi Privé.

Posted in As Seen In, Gemstones, Jewelry, Press, Retail, Trends | Comments Off on IN COLOR – SUMMER 2012
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