The “Jade Act” of 2008 was terminated by President Obama on October 7 th, 2016. What was the Jade Act and what does it have to do with rubies?
The Jade Act was signed into law in an attempt to put economic pressure on the military dictatorship ruling Burma (Myanmar) by banning the importation of Burmese sourced rubies and jade into the United States. Ruby and jade exports make up roughly half of Myanmar’s G.D.P. (approximately 30 billion a year). Naturally The US is a major consumer so the hope was that the economic pressure would force reform in what is well known as one of the most corrupt and brutal regimes today. The act also bared the Generals and their associates from obtaining U.S. visas. But did it work? Of course not. Ruby gems don’t come with “Made in Myanmar” stamped on them. The material was simply re-routed to other countries and shipped from there. What it did was create substantial price increases in ruby material. That I can personally attest to from going to our trade shows. Prices doubled in the last 10 years before declining about 10% in the past year, no doubt in anticipation.
With just about the entire world turning against the ruling junta change had to come. The first election in decades was allowed and very popular new president elected. With this new government in power, there are glimmers of hope. The American Gem Trade Association (AGTA) formed a task force which included Representatives of the Gemological Institute of America (G.I.A.), Jewelers of America and a Myanmar focused consulting group. This force met with industry investors, dealers and government officials in Myanmar to start the development of a transparent supply chain that works both for our industry as well as the country. Time will tell but there’s nothing more beautiful that a gem quality Burmese ruby. Hopefully they’ll become a little more affordable.
Medlars is having our annual holiday party and Kabana trunk show on Wednesday, December 7th. We know that one of your favorite things is the 15% discount, but we have heard that another is the food. Our secret? Chef Don’s catering!
Chef Don’s Catering has earned an exceptional reputation by providing exquisite food prepared from scratch, flawless service and creative presentations. Chef Donald’s success is attributed to his sincere commitment and his passion for perfection, combined with his expertise in culinary arts and visual design. chefdonscatering.com/
His commitment to quality is the reason we keep going back to him. We look forward to seeing you on December 7th for another great party.
Complimentary valet service provided.
Traveling With Your Jewelry
Chapman loves to travel with his family. So, we asked his advice about traveling with fine jewelry. His answer? “It depends on the type of trip you are taking and the type of jewelry that you take.” He’s taken a few trips where it would be unwise to bring any fine jewelry. But most places are safe and let’s face it………. we love how it completes an outfit. So, on those occasions that you must take it, here are a few tips worth remembering.
As in choosing the outfits you’ll be taking on your trip choose pieces that are versatile in scale, color and statement.
Wear as much as you can onto the plane but not so much that it sets off their alarms. We don’t recommend taking it off and putting it in their bowls because they have been known to tip over. So, if you are choosing bulky pieces or ones that are quite valuable, we suggest putting those in your carry-on.
Anything that you are not wearing should be carried on in your purse or carry-on luggage. NEVER put jewelry in a checked bag. We prefer your purse because sometimes the airlines may require you to check your bag at boarding. If you have a lot of valuable pieces and are caught in a random search, ask for a private room.
Make a list of what you are taking. Take pictures of it with a description. Make a copy of that and take it with you and leave a copy at home.
Have your jewelry insured. This creates peace of mind for you whether you are traveling with your jewelry, or you have left it home alone. If you are going out of the country, make sure your insurance company still has you covered. Some do not cover your jewelry outside the U.S.
Pick pockets are a problem worldwide and target tourists. So, it’s best not to draw attention to yourself. Try to make sure that your clothing is not conspicuous. Avoid wearing large, expensive jewelry because it makes you a target . Try to blend in.
Put each necklace in its own Ziploc bag with the chain hanging out of the top ….this keeps you from having to detangle your jewelry once you get to your destination.
Use a small paper plate and stick your earrings into it with the post on one side and the earring on the other. Fold the paper plate and secure with some staples.
ALWAYS store ALL jewelry you are not wearing in your room’s safe.
The purpose of most vacations is to relax, so minimize the amount of jewelry you take. If you do take jewelry, be aware that you are in new surroundings. Take special care of your valuables and enjoy your trip.
"A pale-yellow variety of crystalline quartz resembling topaz"
Citrine is a perfect birthstone for November because of the number of Fall colors you can find in this stone. Intense orange citrine is especially beautiful when cushion cut and surrounded by diamonds as seen here. Citrine hues range from brown to yellowish in color. Besides its beauty, citrine is one of the more abundant gemstones, which makes it more affordable in comparison to other gemstones on the market
"The Texas blue topaz became the official state gem on March 26, 1969"
Did you know that Topaz comes in more than just blue, the most popular and accessible topaz gemstone color? Red is one of the most sought-after topaz colors and represents less than one-half of 1 percent of facet-grade material found. Due to its crystal formation, topaz is a good specimen to carve and cut into many fancy shapes like the one shown (above). It’s also pleochroic, meaning that the gem can show different colors in different crystal directions.
At Medlars, we ensure enduring quality and satisfaction.
We guarantee ALL of our work and materials to be free of defect for a period of two years from the date of purchase. We will replace or repair as necessary any defect at our cost. This includes all parts and labor. Our guarantee does not cover damage caused by abuse or accidents.
We guarantee the silver, gold, or platinum purity of our jewelry, our custom design, and our restoration work. We further guarantee our stated weight and quality of the stones we supply.
Added Value Guarantee
Every finished ring (not just a simple solitaire but EVERY ring) purchased at Medlars includes Free Sizing, Free Appraisal for insurance purposes, plus Free lifetime cleaning, maintenance inspections, and polishing. At Medlars your purchase is the beginning of a lifetime of our personal attention and care.
Return and Exchange Policy
If for any reason you are not completely satisfied with your jewelry purchase, you may return it within 30 days of the purchase date for a full refund or exchange (not just a store credit) .
Custom designed jewelry is not returnable.
You may trade in your undamaged diamond, purchased from Medlars, for any diamond at least twice the trade-in value of your diamond. The trade-in value is your full original purchase price excluding sales tax and any labor. Colored gems are not eligible for trade in.
Price Protection Guarantee
If within 90 days of your purchase, you find a diamond with the same specifications, graded by the same gemological laboratory, at a lower price in the United States, Medlars will match it and give you 10% of the difference.
Here's how it works:
Bring in the actual diamond with certification and sales receipt.
A competitor’s diamond certification must be from the same laboratory . The competing diamond must have the following matching characteristics: