P.J.Joseph's Weblog On Colored Stones, Diamonds, Gem Identification, Synthetics, Treatments, Imitations, Pearls, Organic Gems, Gem And Jewelry Enterprises, Gem Markets, Watches, Gem History, Books, Comics, Cryptocurrency, Designs, Films, Flowers, Wine, Tea, Coffee, Chocolate, Graphic Novels, New Business Models, Technology, Artificial Intelligence, Robotics, Energy, Education, Environment, Music, Art, Commodities, Travel, Photography, Antiques, Random Thoughts, and Things He Like.
Translate
Tuesday, February 05, 2019
Do You Keep A Failure Résumé?
Useful link:
https://www.nytimes.com/2019/02/03/smarter-living/failure-resume.html?fallback=0&recId=1GkM74o6jFg9nQvfbLtVqouHej7&locked=1&geoContinent=AS&geoRegion=KL&recAlloc=home-geo&geoCountry=IN&blockId=home-living-vi&imp_id=284521457&action=click&module=Smarter%20Living&pgtype=Homepage
Monday, February 04, 2019
Underwater Drones Could Transform Hurricane Forecasts
Useful link:
https://www.theatlantic.com/science/archive/2019/02/florence-and-the-underwater-machine/581776
Art On The Superyachts
Useful link:
https://www.bloomberg.com/news/articles/2019-02-03/art-on-the-superyachts-beware-of-wine-corks-and-unruly-children?srnd=premium-asia
Bud
Useful link:
https://www.cnbc.com/2019/02/04/hsbc-and-goldman-sachs-back-fintech-firm-buds-series-a-funding-round.html
Why Millenials Love Gucci's Le Marché des Merveilles
Useful link:
http://www.thejewelleryeditor.com/jewellery/article/guccis-le-marche-deslmerveilles-millennial-coup-fine-jewels-
Norway's $1 Trillion Man
Useful link:
https://www.bloomberg.com/news/features/2019-02-02/norway-s-1-trillion-man-talks-brexit-china-and-big-tech
Sunday, February 03, 2019
Itiel Dror
Itiel Dror is a neuroscientist who trains U.S. law enforcement on cognitive bias in crime laboratories. Dror is a researcher at University College London, frequently teaching at agencies like the FBI and New York Police Department on ways to minimize personal beliefs from influencing casework.
Random Thoughts
The vital tool in your work is people’s willingness to trust you with their stories and to patiently explain to you what you don’t understand. That’s what you need to do your job. Everything is a means to that end. Talking to people face to face is still the best.
Diamonds Do Good
ALROSA will receive the Diamonds Do Good Community Stewardship Award while the Luxury Jewelers Resource Group will receive the Diamonds Do Good Community Building Award, the Diamond Empowerment Fund has announced. The awards will be presented at the Venetian Hotel in Las Vegas on May 30.
Global Consumer Insight Survey
PwC’s 2019 Global Consumer Insights Survey — the results of which will be published soon.
Saturday, February 02, 2019
Ashes To Diamonds
Useful link:
https://www.statesman.com/news/20190125/ashes-to-diamonds-austin-startup-finds-unusual-way-to-remember-loved-ones
To Save Retail, Let It Die
Useful link:
https://www.businessoffashion.com/articles/opinion/to-save-retail-let-it-die
Diamond Blockchain Tracking System
The Ministry of Education in Russia has introduced a diamond blockchain tracking system for the industry.
The 100 Year Life
Get to know Lynda Gratton and Andrew Scott. Their book The 100-Year Life: Living and Working in an Age of Longevity is a must read.
The Daniel Fast
The program takes its name from the Old Testament prophet Daniel. While it’s called a fast, it does not require complete abstinence from food. Instead, some foods are eaten while others are restricted, according to the Daniel fast website. Those who go on the fast hope to not only get their weight and diet under control but also draw closer to God.
Bansky Artwork
More than a decade after he stuck a fake artwork to the wall of one of its galleries, Banksy has officially joined the collection of the British Museum for the first time. The museum has acquired its first work by the anonymous graffiti artist, a fake £10 banknote depicting Diana, Princess of Wales, which will join its collection of coins, medals and other currency.
The work, entitled Di-faced Tenner, was one of thousands of copies produced by the artist in 2004 as part of a planned art stunt. Unlike the other artwork, a fake cave painting on concrete, which was loaned again to the museum for a recent exhibition on dissent and protest, the note has been donated to the museum by the artist’s representative Pest Control.
Random Thoughts
The Innovator’s Dilemma is about the trap that successful companies fall into time and time again. They’re well managed, they’re responsive to their customers, and they’re market leaders. And yet, despite doing everything right, they fail to see the next wave of innovation coming, they get disrupted, and they ultimately fail.
Friday, February 01, 2019
LVMH Surprise
LVMH—the French luxury behemoth that owns the namesake bag brand in addition to other high-end labels like Fendi, Celine, Dior, and Givenchy— has announced their 2018 financial results. Most notably, the company pulled in a record €46.8 billion, or around $53.4 billion, in sales revenue over the past twelve months, a 10 percent increase over the previous year.
One Planet, Seven Worlds
David Attenborough will be back on BBC screens this year with major new programmes that focus on the environmental forces reshaping our world. The veteran broadcaster is fronting One Planet, Seven Worlds, which uses cutting-edge technology to explore how the characteristics of each continent affect the animals that live there.
Gold Demand Trends
The amount of gold bought by central banks in 2018 has reached the second highest annual total on record, according to the World Gold Council (WGC).
Rare Earths Project
In a press release, the miners said that once the formal agreement is completed, a new work program will be initiated focusing on the T-Zone rare earth resources (Canada).
Intellectual Humility
The virtue of intellectual humility, or the ability to recognize that the things we believe in might be wrong is an essential trait. Why? Because our brains hide our blind spots from us. And the Dunning-Kruger effect is one example of how: We often feel more confident about a skill or topic than we really should. But at the same time, we’re often unaware of our overconfidence.
The Rose Of Kao
Taché company and Samir Gems has jointly announced the purchase of the 29.59-carat fancy pink diamond, 'The Rose of Kao' (Lesotho).
The diamond was purchased at an undisclosed price by a partnership between Taché and Samir Gems.
Under the deal, Namakwa Diamonds will retain an ownership percentage in the diamond, thus participating in the added value of the polished outcome.
Thursday, January 31, 2019
Heart-shaped Meteorite Up For Auction
Christie's is soon to open online bidding on a heart-shaped meteorite, one that plummeted to Earth over Siberia in 1947.
The World's Least Corrupt Countries
Since its inception in 1995, the Corruption Perceptions Index has become the leading global indicator of public sector corruption. The index offers an annual snapshot of the relative degree of corruption by ranking countries and territories from all over the globe. Take a look.
Authentic Leadership
Today companies are shifting away from competency leadership models to the authentic leadership development model. The Harvard Business Review had to declare that authenticity has become the gold standard for leadership. What do we have now? It is becoming more common and easy to find synthetic and imitation leaders than authentic leaders. Where are they?
Digital Habit
What happens if you actually do quit? A new study, the most comprehensive to date, offers a preview.
The Chanel 1.5 Collection
The Chanel 1.5 collection of high jewellery presented at the January 2019 Paris Haute Couture shows is a collection of 50 pieces all focussed on Mademoiselle Gabrielle’s beloved camellia flower. The explanation of the neat symmetry of its name is: ‘one camellia, five allures’ which refers to the fact that many of the jewels can be worn in five different ways.
Utopia For Realists
Rutger Bregman’s book Utopia for Realists is a passionate argument for UBI, open borders, and a 15-hour workweek as important and achievable goals. A must read.
GoCheck Kids
GoCheck Kids is the first iPhone app registered with the U.S. Food and Drug Administration to screen young children for correctable vision impairment with a simple photo. Among other things, it’s meant to reduce the risk of permanent vision loss among the 18 million American kids younger than 6; most medical practices can’t afford the industry-standard $20,000 screening devices used to diagnose rare eye diseases.
An Incubator For Up-And-Coming Artists
Powerstrip Studio’s Dayna Lee—a film-set art director who worked on Boogie Nights and Dances with Wolves—set the vision for the boutique property, which is brimming with carefully curated works that expose guests to up-and-coming artists from the UK and beyond. Some of the commissioned works incorporated in Bankside range from ceramicist Laura Carlin’s tiled murals to Malgorzata Bany’s side tables, which were inspired by architectural columns. The Galvin Brothers brought large, communal wooden tables to life around the hotel, which furthers its intention to become a dynamic coworking space for a creative hub. But Bankside is as equal part play as it is work, thanks to Timorous Beasties, who was tasked with creating a textured backdrop for one of the hotel’s statement pieces—a leather and metal rocking horse. Take note.
The Next Big Trend In Luxury Beauty
Riding the wave of the cannabis craze hitting the beauty industry, luxury retailers are taking note and feeding the demands with upscale products for its cliental.
Dallas-based luxury retailer Neiman Marcus is the latest to hop on board the CBD train with the announcement that it will now offer a range of high-end balms, lotions, soaps, oils, serums, and masks from brands including Sagely Naturals, Cannuka, Cannabliss Organic, Code of Harmony, and Ildi Pekar.
Other retailers to follow suit on the high-end CBD spectrum include Sephora, Net-a-porter, and Goop.
OYO
In India, Ritesh Agarwal is something of a household name. The 25-year-old tech star is founder and CEO of the country's largest hospitality chain, OYO, and, as of last year, its youngest major self-made entrepreneur, worth an estimated $365 million.
In just six short years, Agarwal has turned his budget accommodation bookings platform into a network of more than 13,000 properties spanning seven countries.
Gold Price Will Hit High In 2019
Speaking on Bloomberg Surveillance, Jeff Currie, Goldman Sach's head of commodities research believes gold will benefit from strong central bank buying and the wealth effect in India and China due to strengthening local currencies.
Mouawad Dragon
Mouawad has manufactured a 54.21-carat polished yellow stone, which, it claims, is the largest of its shape and color the Gemological Institute of America (GIA) has ever graded.
The company named the round brilliant-cut, fancy-vivid-yellow stone the Mouawad Dragon, as its color is reminiscent of a dragon’s magical powers and fiery eyes.
The rough stone was found in an alluvial deposit in South Africa, and took Mouawad six months to cut and polish. The jeweler, which manufactures its rough in South Africa, New York and Bangkok, will set the stone in a necklace that will be part of an ensemble. The entire collection will be unveiled in March, 2019.
After The Ring
Royal Chain Group, a favorite supplier known for its encyclopedic selection of 14k gold jewelry, is launching a wedding line. Called After the Ring, the new collection is focused on jewelry purchases taking place after that initial engagement ring purchase.
David Webb
David Webb’s bold and pioneering jewelry is an easy sell. The legendary jewelry house has relaunched its website, DavidWebb.com, after completely rebuilding the platform for more storytelling. Take note.
Lightbox Update
Lightbox, De Beers’ much-talked-about lab-grown diamond brand, will make its presence felt in the non-digital world—with a trunk show this week on a cruise ship and a pop-up store next month in Los Angeles.
Wednesday, January 30, 2019
Random Thoughts
But what exactly is stupidity? David Krakauer, the President of the Santa Fe Institute, told interviewer Steve Paulson, for Nautilus, stupidity is not simply the opposite of intelligence. “Stupidity is using a rule where adding more data doesn’t improve your chances of getting [a problem] right,” Krakauer said. “In fact, it makes it more likely you’ll get it wrong.” Intelligence, on the other hand, is using a rule that allows you to solve complex problems with simple, elegant solutions. “Stupidity is a very interesting class of phenomena in human history, and it has to do with rule systems that have made it harder for us to arrive at the truth,” he said. “It’s an interesting fact that, whilst there are numerous individuals who study intelligence—there are whole departments that are interested in it—if you were to ask yourself what’s the greatest problem facing the world today, I would say it would be stupidity. So we should have professors of stupidity—it would just be embarrassing to be called the stupid professor.”
How can anyone disagree?
The Age Of Surveillance Capital
The London Observer looked at Harvard Business School professor Shoshana Zuboff’s new book, the title of which perfectly describes the deep dark waters we’ve entered: “The Age of Surveillance Capital.”
“Surveillance capitalism,” Zuboff wrote, “unilaterally claims human experience as free raw material for translation into behavioral data. Although some of these data are applied to service improvement, the rest are declared as a proprietary behavioral surplus, fed into advanced manufacturing processes known as ‘machine intelligence,’ and fabricated into prediction products that anticipate what you will do now, soon and later. Finally, these prediction products are traded in a new kind of marketplace that I call behavioural futures markets. Surveillance capitalists have grown immensely wealthy from these trading operations, for many companies are willing to lay bets on our future behavior.”
Who is going to regulate the new behavioural futures market?
Man And Superman
As automation morphs the fundamental economic model of the human civilization, we are faced with the option of augmenting the human brain such that all unskilled, low-IQ humans become upgraded. Man and Superman: Augmentation of the Human Brain.
PwC’s 2019 AI Predictions
PwC’s 2019 AI Predictions. Some takeaways to consider this year.
Florence Knoll Bassett
Florence Knoll Bassett, the brilliant and influential architect, designer, and businesswoman who built the design and furniture studio Knoll into an icon of midcentury design and whom the New York Times in 1964 called 'today the single most powerful figure in the field of modern design'. She passed away at the age of 101.
Sotheby’s Wine Collection
Sotheby’s to Offer Record $26 Million Wine Collection in Hong Kong. Only for wine collectors.
Rapaport Announces A Trip To Sierra Leone
The Rapaport Group is organizing a trip to Sierra Leone for members of the diamond and jewelry trade wishing to gain insight into the artisanal mining sector.
The visit will provide an opportunity to meet and interact with the artisanal digger community in the country. The mission will promote greater understanding of the role of the artisanal sector in the jewelry industry. It will highlight and demonstrate opportunities for profitable sustainable economic development available to the jewelry industry. It will encourage understanding and relationship building between artisanal diggers and the jewelry trade.
Jewelers, dealers, and diamond manufacturers are invited to register their application for the trip via https://bit.ly/2Hq2iHU. The mission will be limited to 25 participants due to strict logistical limitations. For additional information, please email:SLTrip@Rapaport.com.
Lucara Recovers A 240 Carat Rough Diamond At Karowe
Lucara Diamond Corp. has recovered a 240-carat, top-white rough stone from the high-value portion of its Karowe mine in Botswana, it said Monday.
The diamond is the second weighing more than 100 carats the company has found this year, after it unearthed a 127-carat stone earlier this month. Lucara will put both diamonds up for tender in March, along with other large stones it has found at the mine.
Alrosa Recovers Its Largest Diamond
Alrosa has unearthed a rough stone weighing nearly 200 carats from its Udachnaya pipe, its largest in more than two years, the company said Tuesday.
The 191.46-carat stone, which is white with a slight yellowish tinge, was found earlier this month at the asset’s N12 processing plant. The Russia-based miner last found a comparably sized diamond two and a half years ago.
Gem Breakfast
Get to know Catherine Cason. She can sell $5000 ring in 30 seconds on Instagram. Take a look at her media brand and retail site Gem Breakfast (aka @gembreakfast).
Fire & Ice
A.Jaffe has taken a minority stake in Fire & Ice, the diamond brand that says it cuts diamonds to maximize their radiant light and sparkle.
Jewelers International Showcase 2019
Jewelers International Showcase (JIS) has announced a date change for its second show of 2019.
Its upcoming showcase at the Miami Beach Convention Center in Florida has been moved from March 15–17, 2019 to April 16–18, 2019.
Tuesday, January 29, 2019
Tracking The Trends
Deloitte’s “Tracking the Trends” annual mining report, now in its 11th edition, outlines how the challenges and opportunities the industry faces and proposes way to adapt to fast changes. Take note.
Random Thoughts
Hagfish produce slime the way humans produce opinions—readily, swiftly, defensively, and prodigiously. They slime when attacked or simply when stressed.
The Cost Of Dirty Money
The Cost of Dirty Money. I think shady transactions will continue to flourish forever.
The Food Gap
These are the findings of a report published in December by the World Resources Institute on the food gap between current production and growing consumption.
Manage Your Damn Money
Ben Carter is the cocreator and cohost of a podcast and show about personal finance. A must listen.
Banana Island
Just off the coast of the Qatari capital Doha lies a whole different proposition. The crescent-shaped Banana Island is a luxury island resort. It's quickly become a top destination for luxury-seeking vacationers.
AGTA Gem Fair Tucson 2019
Here are 5 education sessions not to miss. For the full lineup, visit AGTA.org.
Zero Waste Home
Bea Johnson has a book, a couple of TED Talks, and a nearly 200,000-strong Instagram following.
Monday, January 28, 2019
Do Microbes Control The Formation Of Giant Copper Deposits?
Something old, something new. The media statement is intriguing. A must read.
Automation And Artifical Intelligence
Take a look at a new report by the Brookings Institution, titled, "Automation and Artificial Intelligence: How Machines Affect People and Places."
4 Day Week
Get to know Aidan Harper, who created a European workweek-shrinkage campaign called 4 Day Week.
The Next Millionaire Next Door
Where you choose to live has a big role to play. That's according to Sarah Stanley Fallaw, director of research for the Affluent Market Institute. She co-authored "The Next Millionaire Next Door: Enduring Strategies for Building Wealth," in which she surveyed more than 600 millionaires in America. Take note.
Sunday, January 27, 2019
IDEX Delgatto Diamond Finance Fund
IDEX and Delgatto Diamond Finance Fund has announced financing initiative for the diamantaires. I hope it works.
Scratch 3.0
MIT Media Lab has launched Scratch 3.0, a new generation of Scratch that expands how, what, and where kids can create with code.
Open Insulin Project
A team of biohackers called the Open Insulin Project in Oakland, California, USA, is trying to prove there are easier and cheaper ways to make insulin rather than rely on the big manufacturers.
Wonderland
Kirsty Mitchell's "Wonderland" is on view at Fotografiska in Stockholm until March 3, 2019. Don't miss.
Tucson Gem And Mineral Show 2019
The Tucson Gem and Mineral Show® has enjoyed international stature since the 1970s, and was the first gem and mineral show to bring the hobby enthusiast, the public, and the curator/professionals together for discovery and discussion. It is the largest and oldest gem and mineral show in the world. A must visit.
Saturday, January 26, 2019
The Evolution Of De Beers
Listen to Avi Krawitz explain the changes at De Beers over the past decade in the episode of the “Inside the Jewelry Trade” podcast.
Watch Investment
Why isn’t consumers talking about watch investment value?
Town & Country Jewelry Awards
The second annual Town & Country Jewelry Awards ceremony was a great opportunity to spot some incredible fine jewelry on the red carpet. The awards program is a partnership with Saks Fifth Avenue and is designed to recognize unmatched jewelry talent and general excellence within 12 categories, including Breakthrough Designer of the Year, Collection of the Year, Champion of the Year, Innovator of the Year, Red Carpet Stylist of the Year.
The winners were selected by a panel of Town & Country editors, designers, collectors, and influencers. Many thanks to JCK.
Random Thoughts
They’ll never admit it in public, but many of your bosses want machines to replace you as soon as possible.
Kai-Fu Lee Prediction
Kai-Fu Lee, the author of “AI Superpowers” and a longtime technology executive, predicts that artificial intelligence will eliminate 40 percent of the world’s jobs within 15 years. Take note.
Rolex Watch Market Update
Why are the prices for Rolex watches falling? Ask the secondhand dealer.
Artificial Intelligence And The Diamond Industry
How will artificial intelligence affect the diamond business? Only time will tell.
Tanzania's Artisanal Gemstone Miners
I think the new program should help the artisanal tourmaline miners in Tanzania.
Tiffany's Transparency Announcement
Tiffany’s transparency announcement is a new trend in the jewelry industry. I hope it stays.