July 2011 ~ Volume 16 Issue 1 End of Centenary Celebrations Our centenary celebrations have sadly come to a conclusion – it’s time to reflect on a year of fun and activity. It began with a dinner at Melbourne Town Hall, enjoyed by staff and suppliers, both past and present. Lots of renewed acquaintances and stories from the past. AbrechtBird ‘The reaction was extremely positive...’ With Compliments Our clients were given the opportunity to attend exhibitions of diamonds, coloured stones and pearls over a series of evenings spread through the year. The reaction was extremely positive – due no doubt to the friendly atmosphere, excellent catering (thanks to Julie-Anne Delanty) and highly informative talks delivered by experts in their field – George Palos (coloured stones), Katrina Marchioni (diamonds) and Luke Snell (pearls) – it was easy to be swept along by their obvious enthusiasm for their chosen fields. Greg John Thanks to our staff and families for assisting, and in particular, to Marg and Greg whose inspiration and planning made each celebration a success. The parties might be over for now but we had such a good time that more events are being talked about already, so keep a look out for opportunities in the future to join us. A reminder, if you are not currently registered as a ‘Family Card member’, please request an application form to ensure you don’t miss out. Insurance Policy politics p2 New Releases Stunning Rings p2 Gemmology Corner Red Gemstones p3 Wisdom from the Bench Repairs & Restoration p4 Unique Ideas For that little something extra p5 Meet Our Staff Eleanor joins the family p6 Insurance Although I love most aspects of our industry, the issue that concerns me the most is the murky business of insurance replacement and its impact on jewellery valuations (see previous article December 2006 issue). The practice of claimants being pressured by insurance companies to replace through their nominated jewellers is particularly irksome. The implication is that all jewellers are the same. Rather than allowing the customer the right to make a fundamental choice (for instance, to return to the jeweller who created a unique piece and has earned trust and respect), pressure is applied to deal with replacement jewellers who offer the largest discount to the insurance company. This leads to my second point – the distortions created by the practice of valuing ‘for insurance replacement purposes’ – the most common basis when a valuation is required. As registered valuers we are bound to apply predetermined retail margins (supplied by the Valuer’s Association) to raw cost figures in order to establish a retail replacement value. This ensures consistency between valuers, but it is hardly a reflection of the marketplace, and worse still, it leaves room for unrealistic discounting. In truth, the real value of an article is the price agreed upon between buyer and seller. The notion of issuing a valuation for an inflated figure seems absurd! It also has the clear disadvantage to the insured of increasing the premium paid. A far better approach would be to issue a ‘Certificate of Value’ that states the actual price paid. These frustrations have been addressed front-on by a new policy underwritten by Chubb Insurance. The product they offer is ‘stand-alone insurance’ – there is no requirement to have an existing house and contents policy. In the event of a loss the client will be encouraged to return to the original provider of the jewellery ensuring the likelihood of ‘as original’ re-instatement and customer satisfaction. The policy covers damage, accidental loss and theft with world-wide cover and the premium is based on the actual price paid. The value covered is recalculated annually (at no charge) based on factors relevant to the jewellery industry (gold and gemstone prices and exchange rates in particular). In the next issue of the newsletter we will explore this topic a little further. However, for more information, please visit www.qreport.com.au. Peter Bird FGAA New Releases 2 1 2 Pictured below, left to right: 1. 18ct Yellow and white gold solitaire diamond ring (mount only) $1,450 2. 18ct White gold black and white diamond ring POA 3. 18ct Yellow and white gold Ceylon sapphire and diamond ring $5,810 4. 9ct White gold gent’s diamond ring $710 5. 18ct Yellow and white gold multi-diamond ring POA 3 4 5 Gemmology Corner Red Gemstones Gems are minerals that are valued for their colour, lustre and rarity. Gemstones come in a wide range of quality and include precious, semi-precious and synthetic forms. Red gemstones vary in shade and intensity of colour including crimson, burgundy, cherry, magenta, wine, maroon and scarlet. Red is the colour of passion, love, strength, health, energy and protection. It is believed that wearing red will enhance the wearer with the gemstones’ properties of strength, energy, love and power. Spinel Spinel, a very rare gemstone, resembles ruby and carries the ruby name as ruby spinel and balas ruby. For many centuries spinel was mistaken for ruby. The most famous spinel is the Black Prince’s ruby, a 170-carat red spinel mistaken for a ruby, once worn by Henry V and now adorning the Imperial State Crown of England in the British Crown Jewels. Synthetic spinel is commonly used for birthstone rings. Left to right: Star Ruby, Red Diamond, Red Beryl, Mandarin Garnet, Tourmaline, Spinel, Ruby, Sponge Coral, Red Jasper, Garnet, Eudialyte Ruby Ruby is the most widely recognised and valuable of the red gemstones. It is the red variety of the mineral corundum and is identical to sapphire in all properties other than colour. True rubies include Burmese ruby (pigeon’s blood colour), star ruby and cat’s eye ruby. The label ‘ruby’ has been added to many gems that are not truly rubies, including garnets and other red gemstones. Rubellite and tourmalines Tourmalines come in a variety of shades and colours. Red tourmalines range from shocking pink to blood red to seductive violet. The tourmalines’ colour and intensity vary depending upon the light and angle of the light hitting the stone. Rubellite comes from the family of tourmalines, but unlike some other tourmalines, a true rubellite never changes colour. Garnet Garnet is not a single mineral but a classification of a group of minerals with similar properties. Garnet is most often associated with a deep red colour, but garnets may also come in a variety of colours. The six mineral types identified as garnet gemstones are pyrope (popularly known as rhodolite), almandine, spessartine, grossular, andradite and uvarovite. The dark red colour of pyrope is the most famous form of garnet. The most common and widely used garnet is almandine; it is also known as almandite, oriental garnet, alabandine ruby, and precious garnet. Spessartine, grossular, andradite and uvarovite are less common garnets and are rarely used gems. love, strength, health, ‘Red is the colour of passion, energy and protection’. In our June 2002 Newsletter we wrote an article on ‘red gemstones’ and followed in December that year focusing on rubies. Back copies are available upon request. Leon Corn FGAA Dip DT We purchased this antique-cut rhodalite garnet because we loved it! Now it’s time to design and make! Look out for a progress report in our next newsletter. Antique-cut rhodolite garnet (2.56ct) 3 Wisdom from the Bench ‘There should be no compromise made on the standards of manufacture to bring it back to its original glory’. Quite often we are requested to repair a piece of jewellery that to all intents and purposes has quite literally ‘worn out’. The subject of restoration as opposed to ‘patching up’ has always been one of great importance to me. When ‘taken in’ this ring was so badly worn that the centre stone had fallen out and most of the detail work had been eroded away. Naturally there is great sentimental value attached to jewellery, and when faced with substantial repairs, people quite justifiably wish to retain as much as possible of the original piece. Generally, repairs are seen as the only way to make an item of jewellery wearable again. However, ‘patching up’ an item can be more detrimental to its value and survival than conceding that the piece requires a substantial rebuild. There should be no compromise made on the standards of manufacture to bring it back to its original glory. If a setting is worn out then making a new setting using the original techniques and designs will not only ensure that the gems are secure but will also provide many more years of wearing pleasure. The same goes for the band. Remember that if the metal has worn away, the only way to restore it properly is to replace it with new metal. In most cases the colours and character of older metals can be faithfully reproduced using new and often superior gold alloys, and basically the same techniques used to make the piece will be employed in restoring it. Because what we are doing is hand crafting in the original style, the design can also be reproduced faithfully. In some cases only sections of a worn band need to be replaced, but in this instance a hinge was to be fitted and a strong, onepiece band was recommended for maximum strength. The whole process is indeed a remake of the original using as much of the original as possible without compromising the quality and value, both sentimentally as well as financially. Our advice here was to remove the shoulder sections (still in reasonable condition) and fit them to a new band and setting. Even though the sapphires in the shoulders were worn and chipped, they were the original stones and therefore sentimental. Using modern techniques (refer ‘Baldric’ in previous newsletters) these stones could still be made secure. The happy couple Greg John FGAA Dip DT Before and after: The original badly worn piece (left) and the beautifully restored final product (right) Unique Ideas 1 2 4 3 5 6 7 8 9 10 11 12 13 Pictured above, left to right: 1. 18ct White gold diamond ring POA 2. 9ct White gold blue topaz and diamond drop earrings $1,155 3. 18ct White gold three stone ring POA 4. 18ct White gold diamond ring $1,340 5. 18ct White gold South Sea pearl and diamond drop earrings $1,955 6. 18ct White and yellow gold gent’s ring $1,765 7. 18ct White gold gent’s ring $1,205 8. 18ct Yellow and white gold solitaire diamond ring POA 9. 14ct White gold Tahitian pearl and diamond stud earrings $2,690 10. 18ct Yellow gold diamond ring POA 11. 18ct White gold South Sea pearl and diamond earrings $2,495 12. 9ct White gold gent’s ring $415 13. South Sea graduated pearl strand (15.9–12.0mm pearls) $18,600 5 Meet the Staff - Eleanor Having a dressmaker for a mother and an embroiderer for a grandmother I grew up with a lot of artistic inspiration around me and I was always encouraged by both of them from a young age to take part in art and crafts. Some of my fondest childhood memories were playing in Mum’s old button box, playing with the off-cuts of fabric from the garment she was making and watching Granny sew and bead her newest embroidered creation. My love and appreciation for jewellery has only grown since leaving NMIT and I find it so satisfying starting with a sketch on a piece of paper and a plate or profile of raw precious metal and moulding and creating the metal into something beautiful that someone will feel pride in wearing. There is nothing better than seeing the pleasure and appreciation of your work in the client’s eyes when they see their new jewellery piece for the first time. Through early high school I used my spare time making beaded jewellery which I would sell at craft markets on the weekends. I have always had an interest in making jewellery since then and in Year 10, I took part in work experience with a Melbourne contemporary jeweller. This insight into the jewellery trade set me on the path of wanting a career as a jeweller. In VCE, I elected to do as many art subjects as possible and completed my study with Art, Studio Art and Visual Communications. Having a family background in the jewellery industry going back through to my great grandfather owning the large manufacturing jewellery company ‘The House of Hawke’ and the ties between my family and the Abrecht family, I feel proud to be a part of this trade and welcomed into the Abrecht Bird company and family. I’ve enjoyed meeting our clients and suppliers over the last 6 months and look forward to helping you at Abrecht Bird into the future. After finishing high school I was accepted into the Jewellery Engineering course at NMIT in 2009 where I learnt the basic techniques of making and crafting fine jewellery. In our newsletter we offer a complimentary clean and polish to all our clients (see below). This gives us the opportunity to check over your items and ensure that any preventive maintenance can be undertaken if required before any major issues arise. A light buff to shine the metal and a thorough clean to enable the check up, and usually you can be on your way. Eleanor Hawke If an item requires a full polish to remove scratches or dents this then becomes a ‘take-in’ job and is chargeable. It takes quite a bit of time to apply an ‘as new’ finish to a piece of jewellery. Often a light emery is required prior to polishing to remove scratches and/or old rhodium plating in order to restore your jewellery to the high standards you expect from us. The exception will be white gold articles that require rhodium plating (additional charge) – we will endeavour to have these pieces available at the end of the same day.
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