New Old Miners

Michael Goldstein, Manhattan estate diamond dealer and expert in old-cut-style diamonds, has encountered a new trend: new "old cut" stones, which are causing confusion in the market. "For the past year, we've noticed more reproductions of antique-cut diamonds and, unfortunately, in many instances, they're being sold as genuine old-mine, old European, antique cushions and briolette-cut diamonds, without disclosure," says Goldstein. With the proliferation of better-quality antique reproduction jewelry in the market, jewelers should be on the lookout for those that are being sold as originals. The problem isn't confined to the East Coast. Ari Madilian of Single Stone in Los Angeles says the "new old" stones are finding their way into the West Coast market. But he says the West Coast situation isn't exactly like New York's: "The new old cuts when traded between dealers are not as well acce
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