Idar Gem Merger Announced

Gem cutters Karl-Egon Wild, Kirschweiler, Germany, and Thomas Petsch, Idar-Oberstein, Germany, have merged their businesses. Both companies have been powerhouses in the Idar-Oberstein-area gemstone cutting industry, but increasing worldwide competition spurred them to "tackle the future together from a position of strength." The names may be familiar to retail jewelers and wholesalers in the United States. Karl-Egon Wild's family has been cutting precious gems for generations, and the company's forté lies in high-quality colored gemstones in classic cuts. About a quarter of its sales are in tourmalines. Petsch also is a familiar name to some. Thomas, the grandson of Julius Petsch, recently took over the cut precious stones division of the Julius Petsch Company, which is known for the innovative Spirit Sun and Context cuts. The Julius Petsch Company is celebrating its centenary this
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