RETAIL BECKONS!

EXCITING TIMES AT DIAMOND HQ!

IN THE LAST FEW DAYS A PROJECT HAS GONE LIVE THAT SEES A NEW AND EXCITING CHANGE TO MY BUSINESS.

THE PROJECT, NOW LIVE WITH GRID FINANCE, IS SEEKING FINANCE WHICH WILL GO TOWARDS THE OPENING OF A NEW RETAIL PREMISE THAT, FOR THE FORESEEABLE FUTURE, WILL SERVE AS DIAMOND HQ!

Facade

THE FINANCE WILL GO TOWARDS A RE-FIT, AND SOME STOCK, ALONG WITH FURNISHINGS AND A DISPLAY AND SERVICE AREA THAT WILL BETTER SERVE MY CUSTOMERS NEEDS.

GRID FINANCE IS IRELAND’S ONLINE FINANCING PLATFORM WHERE PEOPLE ARE LENDING AND BUSINESSES ARE BORROWING AT COMPETITIVE INTEREST RATES. AS A LENDER YOU CAN INVEST AS LITTLE AS €5, UP TO €35,000 PER BUSINESS.

YOU CAN VIEW THE CURRENT PROGRESS OF THE PROJECT HERE 

I’D PERSONALLY LIKE TO THANK ALL OF YOU FOR YOUR CONTINUED SUPPORT AND FRIENDSHIP, WITHOUT WHICH I WOULDN’T BE DOING WHAT IT IS I LOVE TO DO.

MICHAEL 

 

 

 

SHEDDING SOME LIGHT ON THE SUBJECT

fluorescence in nature 3

ONE OF THE MOST UNUSUAL CHARACTERISTICS OF DIAMONDS IS THEIR TENDENCY TO GLOW UNDER ULTRAVIOLET LIGHT.

A SUBJECT OF CONTENTION FOR MANY A BUYER, BROKER, RETAILER, AND CUSTOMER. BUT WHAT IS FLUORESCENCE AND HOW DOES IT AFFECT A DIAMOND?

FLUORESCENCE IS A REACTION BETWEEN THE TRACE MINERALS IN A DIAMOND AND ULTRAVIOLET (UV) LIGHT. BEARING IN MIND THAT THE SUN IS A SOURCE  OF UV RAYS, A DIAMOND THAT EXHIBITS FLUORESCENCE MAY APPEAR MUCH WHITER THAN ITS COLOUR SUGGESTS.

FLUORESCENCE, FOR THE MOST PART, MEANS A DIAMOND WILL GLOW BLUE UNDER UV LIGHT. UP TO AND POSSIBLY MORE THAN 1/3 OF ALL DIAMONDS FLUORESCE. SOME EXHIBIT A YELLOW GLOW UNDER UV LIGHT, BUT THESE ARE RARE CASES.

 

fluorescence in nature

WHAT DOES IT MEAN FOR THE BUYER?

SIMPLY PUT, THE PRESENCE OF FLUORESCENCE WILL AFFECT PRICE. THAT IS NOT TO SAY IT LOWERS PRICE. IN FACT SOME DIAMONDS WILL BENEFIT FROM HAVING IT.

FLUORESCENCE WILL BE CLASSIFIED BY THE FOLLOWING SCALE*:

VERY STRONG – STRONG – MEDIUM – FAINT – NONE

ALL OF THESE GRADES WILL AFFECT DIFFERENT DIAMOND COLOUR IN DIFFERENT WAYS.

FOR EXAMPLE A DIAMOND WITH A COLOUR GRADE OF E, CLARITY GRADE VVS2, WITH FAINT – MEDIUM FLUORESCENCE, COULD COST 1% – 3% LESS THAN AN EQUIVALENT E COLOUR, VVS2 DIAMOND WITHOUT IT.

CONVERSELY A DIAMOND WITH A COLOUR GRADE OF I, CLARITY GRADE OF SI1, WITH STRONG – VERY STRONG FLUORESCENCE, COULD COST YOU 2% MORE THAN AN EQUIVALENT I COLOUR, SI1 DIAMOND WITHOUT IT.

fluorescence in nature 2

Fluorescence is one of the many attributes I consider when purchasing a gem. It will affect the price you pay, so be sure that the diamond you are buying is priced correctly compared to the majority of it’s influencing factors.

If you have a question as to what you need to know when purchasing a gem, feel free to CONTACT me.

*G.I.A GRADING SCALE

INVESTED INTEREST

 

© MICHAEL WALL 2015

© MICHAEL WALL 2015

AN INFREQUENT QUESTION I HEAR IS, ‘ARE DIAMONDS A GOOD INVESTMENT?’

IN TRUTH THE ANSWER IS OF COURSE VARIED.

SUPPLY AND DEMAND ARE IMMEDIATE FACTORS, AS ARE WORLDWIDE TRENDS. TODAY THE INCREASE IN DEMAND FOR FANCY COLOURED DIAMONDS HAS AFFECTED RETAIL PRICES OF WHITE DIAMONDS.

2014 SAW A DECREASE NOT ONLY IN RETAIL SALES, BUT IN ROUGH DIAMONDS ALSO. WHILE IT TAKES QUITE A LONG TIME FOR LOWER PRICES TO FILTER DOWN TO THE CONSUMER, ROUGH PRICES HAVE ALMOST REDUCED BY 10%

DEMAND FOR POLISHED DIAMONDS IS HIGH. AND NONE MORE SO THAN THE DEMAND FROM THE EAST. WITH REGARD TO FANCY DIAMONDS, CHINA HAS BECOME HUNGRY FOR THE GEM. VARIED REASONS HAVE BEEN FORWARDED FOR THIS DEMAND, BUT ESSENTIALLY IT’S DUE TO THE COUNTRY’S INCREASING WEALTH.

© MICHAEL WALL 2015

© MICHAEL WALL 2015

ACCORDING TO LEADING MANAGEMENT CONSULTING FIRM BAIN & COMPANY, THE GROWING DEVELOPMENT IN THE NEW CONSUMER COUNTRIES LIKE CHINA WILL ACCOUNT FOR A 50% INCREASE OF GLOBAL DEMAND BY 2020

A GOOGLE SEARCH ON ‘ARE DIAMONDS A GOOD INVESTMENT’ WILL YIELD A PLETHORA OF VARIED RESPONSES, BUT AN INDIVIDUAL NEEDS TO BE CAREFUL WHEN CONSIDERING INVESTING.

UNLIKE GOLD, THE VARIATIONS OF DIAMONDS ARE MIND BOGGLING. UNLIKE GOLD, DIAMONDS DO NOT HAVE A SPOT PRICE. NO ONE DIAMOND, EVEN CLASSIFIED WITH THE SAME CARAT, CLARITY, AND COLOUR ARE ALIKE. IN FACT, THERE ARE THOUSANDS OF COMBINATIONS OF THESE FACTORS TO CONSIDER.

GOLD WILL HAVE A SPOT PRICE PER TROY OUNCE, DIAMONDS OF COURSE DON’T, SIMPLY BECAUSE OF THE HEAD-WRECKING AMOUNT OF COMBINATIONS TO CONSIDER. THE INTERPRETATION OF WHICH IS ALL SUBJECTIVE.

© MICHAEL WALL 2015

© MICHAEL WALL 2015

ULTIMATELY SINCE 2008 DIAMOND PRICES FELL SO FAST IT MADE ME DIZZY. THIS WAS MET WITH AN EXPONENTIAL RISE IN 2010. CONTINUING ON TO 2011, DIAMOND PRICES REACHED AN ALL TIME HIGH. AND BOOM, BACK DOWN AGAIN. TODAY WE’RE AT A REASONABLE LEVEL WHICH SUGGESTS THE WILD AND WONDERFUL DIAMOND OCEAN HAS SETTLED SOMEWHAT.

TO MY MIND, WHEN ASKED ‘IS A DIAMOND A GOOD INVESTMENT?’ THE ANSWER IS THIS;

IT DEPENDS ON THE ‘VALUE’ AT WHICH YOU BUY IT.

IF YOU HAVE ANY FURTHER QUESTION, OR WOULD LIKE TO DISCUSS INVESTING IN DIAMONDS DO FEEL FREE TO CONTACT ME.

 

THE ‘C’ WORD

SOMETHING THAT IS COMMONLY USED AND WHOLLY RELIED UPON BY CUSTOMERS IS ‘CERTIFICATION’. IT’S A DREADED WORD, AND FORGIVE THE PUN, A VERITABLE MINEFIELD OF BADLY COMPILED INFORMATION. EVERY PIECE OF PAPER, BE IT A REPORT, A DOSSIER ETC. THAT COMES WITH A DIAMOND, DIFFERS. THEY WILL USE DIFFERENT TERMS, USE DIFFERENT CLASSIFICATIONS, SOME OF WHICH MAY HAVE NOTHING TO DO WITH THE INDUSTRY STANDARD.

GIA DocumentsHRD Documents

PAPER NEVER REFUSES INK.

YOU’LL SEE GIA REPORTS AND DIAMOND DOSSIERS, EGL CERTIFICATES, AND HRD CERTIFICATES. BUT HOW AND WHY DO THEY DIFFER?

ALL IN ALL THEY ARE GRADING REPORTS, AND SHOULD BE TREATED AS SUCH. THEY SHOW YOU COLOUR, CLARITY, STONE PROPORTIONS, THE STONES SYMMETRY, ETC.

BUT UNLESS YOU KNOW WHAT A DIAMOND TABLE PERCENTAGE OR CROWN ANGLES ARE, IS THAT REPORT ANY GOOD TO YOU?

ALL CUT GRADES, AND ALL PROPORTIONS DIFFER. EVEN IF A DIAMOND IS CLASSED/GRADED AS AN ‘VERY GOOD’ CUT THE PERCENTAGES, ANGLES WILL DIFFER FROM STONE TO STONE.

THE REPORTS BELOW SHOW YOU TWO ‘VERY GOOD’ CUT GEMS. BUT YOU CAN CLEARLY SEE DIFFERENT ANGLE DEGREES AND PERCENTAGES. 

 

COPY OF A GIA GRADING REPORT

COPY OF A GIA GRADING REPORT – F/SI1 CUT GRADE … VERY GOOD

COPY OF GIA REPORT

COPY OF GIA GRADING REPORT – F/VVS2 CUT GRADE … VERY GOOD

THE REPORT IS NOT A GUARANTEE YOUR DIAMOND IS AS GOOD AS THE PRICE YOU PAID.

LET ME SHOW YOU TWO EXAMPLES OF CLARITY CHARACTERISTICS. A VVS1 GRADE, AND THE LOWER SI1 GRADE.

THERE ARE 4 GRADES IN THE DIFFERENCE YET ‘TABLE UP‘ (DIAGRAM ON THE LEFT) YOU’LL NOTICE VERY LITTLE BETWEEN BOTH. ‘TABLE DOWN‘ (DIAGRAM ON THE RIGHT) YOU’LL SEE THE LOWER CLARITY GEM, WHILE STILL ‘EYE CLEAN’ IS WITHOUT A CLOUD AND A CAVITY.

SO REMEMBER IT’S NOT JUST ABOUT THE GRADE, NOR JUST ABOUT THE CLARITY, BUT THE LOCATION OF THE CHARACTERISTICS, AND HOW THEY AFFECT THE GEM. 

COPY OF GIA GRADING REPORT SHOWING VVS1 CLARITY

COPY OF GIA GRADING REPORT SHOWING VVS1 CLARITY

COPY OF GIA GRADING REPORT SHOWING SI1 CLARITY

COPY OF GIA GRADING REPORT SHOWING SI1 CLARITY

THE GIA ARE THE MOST DEPENDENT, AND THE STRICTEST. THEY DO NOT REFER, AND RIGHTLY SO, TO YOUR REPORT OR DOSSIER AS A ‘CERTIFICATE’. WHILE THE HRD WILL ISSUE A ‘CERTIFICATE’, IT’S USUALLY REFERRED TO AS A REPORT ON THE PIECE OF PAPER.

TO MY MIND THE ONLY THING YOU CAN CERTIFY IS THAT YOUR DIAMOND IS A ‘NATURAL’ DIAMOND. THE DIFFERENCE IN ACTUAL PERSONS GRADING YOUR DIAMOND CAN VARY, AS CAN THEIR RESULTS.

THIS IS MADE ALL THE MORE CONFUSING WHEN EGL HAVE OFFICES WORLDWIDE AND IN SOME INSTANCES HAVE GRADED THE SAME GEM DIFFERENTLY AT DIFFERENT LOCATIONS.

A PIECE OF PAPER ISSUED BY A STORE IS A NO-NO. WE SAY NAY NAY! AS I MENTIONED BEFORE, PAPER NEVER REFUSES INK. COMMONLY SEEN ACCOMPANYING DIAMONDS PURCHASED ABROAD, AND USUALLY NOT WORTH THE PAPER IT’S WRITTEN ON, IT LEAVES THE SELLER FREE REIGN ON HOW MUCH THEY CAN CHARGE. IT’S VERY DANGEROUS AND VERY COSTLY.

IF YOU ARE IN DOUBT AS TO THE ORIGIN OF YOUR REPORT, OR THE CLASSIFICATION, OR INDEED ITS AUTHENTICITY, LET ME KNOW. I CAN READILY CHECK THE REPORT AND LET YOU KNOW WHAT IT IS YOU HAVE AND HOW TO INTERPRET IT.

HAVE A QUESTION OR A COMMENT? LET ME KNOW.

 

SHOWING MY SUPPORT

TW1

SUPPORT IS ONE OF THE MOST IMPORTANT FACETS WE CAN FREELY SHOW. YET AT TIMES WE FALL SHORT ON PROVIDING IT. EVERYONE NEEDS IT. EVERYONE SHOULD HAVE IT. FROM PHYSICAL AND PRACTICAL TO SOCIAL AND EMOTIONAL.  

I’M PROUD TO SHOW MY SUPPORT FOR THE UPCOMING REFERENDUM, AND MARRIAGE EQUALITY. AND SO IS MY BUSINESS. 

WHY?

WELL THE REASON IS SIMPLE. ALL MY CLIENTS THAT COME TO ME FOR ADVICE, COMMISSIONS ETC HAVE ONE THING IN COMMON.

FAITH.

FAITH THAT THEY’VE CHOSEN THE RIGHT PERSON FOR THE JOB, AND FAITH THE WORK WILL BE GOOD.

I TOO HAVE FAITH. FAITH IN THEIR CHOICE AND FAITH IN MY WORK FOR THEM. WE DON’T DISCUSS RELIGION, RACE OR CREED. WE DON’T DISCUSS SEXUAL ORIENTATION, OR BELIEFS. 

IF IT CAME TO THAT, I’D STEP AWAY. THERE’S NO PLACE IN MY WORKING DAY FOR BIGOTRY, RACISM OR DISCRIMINATION.

I DON’T DISCRIMINATE IN WHAT I DO. I TREAT EACH AND EVERY ONE OF MY CLIENTS WITH THE UTMOST RESPECT, AND ALL I ASK IN RETURN IS THAT THEY DO THE SAME.

THE WORK I CARRY OUT ENCOMPASSES COUPLES WHO WISH TO GET ENGAGED AND BE MARRIED. AN INITIAL CONSULTATION WITH A CLIENT OR CLIENTS, SHOWS ME THE LOVE AND THE RESPECT THEY HAVE. I DON’T NEED TO KNOW IF THEY ARE GAY, TRANSGENDER, STRAIGHT.

WHY? AS I SAID I HAVE FAITH. MY FAITH THAT THEY WILL SUPPORT THEMSELVES AND OTHERS IN THEIR JOURNEY, SUPPORT THOSE WHO CONSTANTLY FACE CHALLENGES. AFTER ALL WE ALL DO, DON’T WE?

SO HAVE A LITTLE FAITH, AND SHOW YOUR SUPPORT. THE WORLD IS A BETTER PLACE FOR IT! 

FB_Together

JEWELLERY VALUATION AT THE CLARION HOTEL – ARPIL 25TH

safe jewellery

ON SATURDAY THE 25TH OF APRIL, I WILL BE ATTENDING THE CLARION HOTEL, CORK CITY FROM 9 A.M. TO 5.30 P.M.

CLIENTS WILL BE ABLE TO AVAIL OF PROFESSIONAL JEWELLERY VALUATIONS AND APPRAISALS THROUGHOUT THE DAY.

THIS COMPREHENSIVE SERVICE INCLUDES:

  • A DETAILED EXAMINATION OF ITEM(S)

  • AN INSPECTION OF METALS, GEMS ETC. TO INCLUDE ALL DISTINGUISHING FEATURES (HALLMARKS, METAL PURITY, DIAMOND INSCRIPTION)

  • PROFESSIONAL PHOTOGRAPHY OF ITEM(S)

  • PRINTED SCHEDULE AND SUMMARY WITH BOUND COPIES FOR BOTH INSURED AND INSURER 

PRICED FROM €60*

gold gem slate

· BY APPOINTMENT  ONLY ·

TO BOOK A TIME OR CHECK AVAILABILITY CLICK HERE 

ALTERNATIVELY YOU CAN CONTACT ME DIRECTLY:

086 8687456

OR

michaelwallbespoke@gmail.com


THE IMPORTANCE OF HAVING JEWELLERY CORRECTLY VALUED IS NECESSARY TO SATISFY THE REQUIREMENTS OF INSURANCE COMPANIES.

IN THE EVENT OF RECOVERING LOST OR STOLEN ITEMS PROOF OF OWNERSHIP IS VITAL IN THE INSTANCE OF A CLAIM, OR WHEN RECOVERING OR IDENTIFYING STOLEN ITEMS FROM AN GARDA SIOCHANA 

www.garda.ie

www.garda.ie

Disclaimer: Please note I am not buying or selling jewellery. If you have old or broken jewellery and would like advice on repair or re-modelling, feel free to mention this when booking. There will be no final value fee on an item, or items. I declare no interest, past or present, in your items. Valuations by appointment only. If you wish to arrange an alternative date, you can do so by calling me on 086 8687456 or booking here 

*Price includes inspection of item, professional photography, duplicate copies for both insurer and insured. Additional items priced separately. T&C’s apply.

BLACKNIGHT SME AWARDS 2015

I MUST SAY IT’S A LOVELY SURPRISE ON A MONDAY AFTERNOON TO FIND MYSELF AMONG THE FINALISTS FOR THIS YEARS ‘SME AWARDS 2015’

THEY’VE EVEN GIVEN US A BADGE!

SME-Awards-Finalist-600

IT’S VERY FUNKY! ALMOST AS GOOD AS BEING A WINNER!

TAKING PLACE ON  THE 25TH OF APRIL AT THE RADISSON HOTEL, CORK AND WITH 14 CATEGORIES SHOULD BE A FULL EVENINGS ENTERTAINMENT.

FULL LIST OF FINALISTS HERE

NAKED EYE – NAKED TRUTH

THIS MORNING I POSED A QUESTION (QUESTIONS REALLY) ON BOTH TWITTER AND FACEBOOK. I PUT UP AN IMAGE OF A PAIR OF MARQUISE CUT GEMS. BOTH THE SAME WEIGHT (CARAT), CLARITY AND APPROXIMATELY THE SAME PROPORTIONS.

I ASKED ‘CAN YOUR NAKED EYE TELL ME THE DIFFERENCE?’

© MICHAEL WALL BESPOKE

© MICHAEL WALL BESPOKE

 

 I ALSO ASKED WHICH ONE WAS THE BETTER GEM? THE ANSWERS WERE VARIED.

SOME THOUGHT THE DIAMONDS WERE A DIFFERENT COLOUR, SOME DIDN’T. SOME THOUGHT THERE WERE ONLY 1 OR 2 DIFFERENCES IN THE COLOUR GRADES, SOME 7 OR 8.

SO WHAT ARE THE ANSWERS? THE FIRST QUESTION I MUST ADMIT WAS A LITTLE UNFAIR. YOU SEE THE NAKED EYE, AT THE BEST OF TIMES, CANNOT DIFFERENTIATE BETWEEN COLOURS, UNLESS THERE IS QUITE A DIFFERENCE.

 THE DIAMOND ON THE LEFT IS A ‘K’ COLOUR, THE DIAMOND ON THE RIGHT IS AN ‘F’ COLOUR. CAN YOU TELL THE DIFFERENCE?

PROBABLY, OR MAYBE NOT. THE SIMPLE FACT OF THE MATTER IS, THIS IS A PHOTOGRAPH!

HERE ARE THE GIA D – Z COLOUR EXAMPLES. COLOUR RANGES ALPHABETICALLY FROM D, E, F, ALL THE WAY DOWN TO X, Y AND Z

 

4Cs_image_color

YOU’LL NOTICE IN THIS IMAGE THAT THESE DIAMONDS ARE ‘TABLE’ OR FACE DOWN. THESE ARE ALSO GRADING STONES. THESE ARE A SELECTION OF DIAMONDS THAT ARE USED TO CORRECTLY CLASSIFY COLOUR. ONCE A DIAMOND IS TABLE UP OR SET IN A PIECE OF JEWELLERY, IT IS DIFFICULT TO TELL. ESPECIALLY TO THE NAKED EYE!

THE SECOND QUESTION WAS, WHICH WAS THE BETTER GEM? THE ANSWER IS SIMPLY THIS:

IT ALL DEPENDS.

 IF I WERE TO PRICE TWO DIFFERENT 2.08CT MARQUISE CUT GEMS WITH SIMILAR CLARITY AND SIMILAR PROPORTIONS FOR COMPARISON.  

AN ‘E’ COLOUR WOULD COST CIRCA €38,000 RETAIL.

A ‘J’ COLOUR IS CIRCA €19,000.

THE DIFFERENCE? THE PRICE!

TO THE NAKED EYE, TWO GEMS SIDE BY SIDE WILL HAVE TO BE SO FAR APART IN COLOUR FOR YOU TO SEE THE DIFFERENCE. YOU WOULD ALSO NEED GRADING STONES TO CLASSIFY AND COMPARE.

TO ADD SOMETHING TO THE EQUATION, SETTING A WHITE DIAMOND IN YELLOW GOLD WILL MORE OR LESS YELLOW THE STONE, AS THE YELLOW WILL BE ABSORBED. SO IS A €38,000 STONE BETTER THAN A €19,000 STONE IF YOU’LL NEVER BE ABLE TO TELL THE DIFFERENCE?

FOR THOSE OF YOU WHO GUESSED THAT THE STONE ON THE LEFT WAS A DIFFERENT COLOUR, WELL DONE. FOR THOSE OF YOU THAT GUESSED THE COLOUR I’M SORRY TO SAY IT WAS ONLY A GUESS. FROM A PHOTOGRAPH IT’S IMPOSSIBLE TO TELL. 

NATIONAL MUSEUM DONATION

IT WAS AN UNEXPECTED PLEASURE TO FIND MYSELF IN THE NATIONAL PRESS ON WEDNESDAY THE 18TH OF MARCH.

IT SEEMS MY 13,000 CARAT GEM COLLECTION IS QUITE A BIG DEAL AFTER ALL!


Img_1139THE  NATIONAL MUSEUM OF IRELAND WILL BE TAKING POSSESSION QUITE SHORTLY WITH SMALLER DONATIONS PLANNED THROUGHOUT THE COMING YEAR.

THANKS TO THE RALPH RIEGEL AND THE IRISH INDEPENDENT FOR THEIR FEATURE.

WEDDING SHOWCASE AT THE CLARION HOTEL

On Sunday the 1st of March, I will be holding a talk on all things Diamond at Cork’s Clarion Hotel.

How to pick the ‘perfect’ diamond, what to look for, ask for, and more importantly what to avoid.

Some myths, some truths, and some facts about gems that you’ll be pleasantly surprised to hear.

39529__March-2015_Facebooksquare_960x960px_AW

A brief chat, with a small concise presentation will leave plenty of time for you to come and have a Q&A session with me face to face.  

You can read about the days event HERE 

There will be plenty of exhibitors on the day, so be sure to put the date in your diary. I look forward to seeing you there.

If you have any questions, or would like a private consultation call me on:

086 8687456