Blogs: Supplier News / Industry

Supplier News: Week Of June 20


JFC Celebrates Annual Facets of Hope Event

Jewelers for Children (JFC) held its annual Facets of Hope event at The Venetian Resort in Las Vegas on June 12, this year with a more informal affair and a focus on networking.

Having raised $1.12 million in support of their charity partners this year, JFC revealed that more than $60 million in total support has come from the industry since 1999.

“This year is truly a remarkable milestone for the charity,” said Alan Zimmer, JFC board chair, in a statement. “With two strong honorees, along with our entire fundraising committee, we surpassed $60 million in support to our charity partners. This is something the entire industry can take pride in.”

Richline Group’s Dave Meleski and Craig Stern of Rogers Enterprises were the event’s honorees this year, each raising a “substantial” amount of money for the charity, it was reported. JFC will donate $225,000 to St. Jude Children’s Research Hospital; $235,000 to Make-A-Wish America; $235,000 to Elizabeth Glaser Pediatric AIDS Foundation; $300,000 to the National CASA/GAL Association for Children; a commitment of $75,000 to Make-A-Wish International for wish-granting in India; and $50,000 to the Organization for Autism Research.

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Rare & Forever Announces Blockchain Technology

Natural diamonds brand Rare & Forever recently announced the introduction of blockchain technology to its diamond-grading process, which is done with artificial intelligence (AI) to reportedly achieve the highest quality and consistency.

Blockchain, a secure chain of custody, confirms a diamond’s origin, whether  it’s ethically sourced, accurately graded, and cut for beauty. It also shows proof of ownership.

“Providing a permanent record of quality and ownership is an extension of our commitment to bringing authenticity and transparency to the diamond- buying experience,” said Chris Croteau, vice president of marketing and sales for Rare & Forever, in a statement. “Blockchain technology takes the mystery out of diamond buying, giving consumers peace of mind so that they can feel confident in their purchase.”

In addition to the new offering, Rare & Forever also provides consumers with the option to purchase a non-fungible token (NFT), a digital record of their diamond’s credentials.

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Top, from left: Honoree Craig Stern, Rogers Enterprises; Jeffrey Cohen, Citizen Watch America; Alan Zimmer, Reeds Jewelers; JFC board chair Debra Puzio, StarLuxe; and honoree Dave Meleski, Richline Group

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By: Brittany Siminitz

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