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In This Issue

New office & telephone No.

Increase in diamond values

Facebook business page

Jewellery and gem talks

Counterfeit valuations

Did you know?


Fact #1:
 
If all the gold that has ever been mined was formed into a cube, it would fit within a football pitch.

Fact  #2: 
The Kimberly Diamond Mine in South Africa is the largest hole ever created by man.

Fact #3: 
Adrian Smith is the only truly independent jewellery valuer in Scotland and has clients who travel from as far afield as Wick in Caithness and Newcastle in England.

Fact #4: 
30,000 tons of rock need to be mined, crushed and processed to obtain 1ct of cut and polished diamond.

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I have gone up in the world!

The business has now moved to a larger office on the top floor of the Algo Business Centre. This move was necessary to accommodate further additions to my equipment and extend the library. So, now my clients will have a little more room in the waiting area as well.

The new telephone number is 01738 450477. All other contact details remain the same.

New Office
Steep rise in diamond values puts clients at risk.

You may not realise that diamond prices are quoted in US Dollars, no matter what country you reside in. The recent shift in the USD/GBP exchange rate has raised the value of diamonds dramatically.

For example:
Let's assume an example diamond of a specific weight and specific quality was worth £1500 per carat when the Pound was worth 1.98 US Dollars a few months ago.   Even if the base value of the diamond itself has not altered, the same diamond would now be worth £2070 per carat!

This alteration in the exchange rate, plus rises of the base value of diamonds at certain grades and weights, plus the record market highs for gold and platinum now well-and-truly filtered through to the retailers, all adds up to you possibly being significantly under-insured.

Existing clients should contact me to have their items re-valued even if the three-yearly update reminder is not due.

Remember:
I do not charge a valuation fee for this re-valuation service. All you pay is just the report fee, irrespective of the number of items.

Your items will be cleaned and polished, settings and fittings will be checked and a new report will be produced.

Facebook Business Page

Many of you know that jewellery and gemmology is not only my chosen profession but my passion too, so any opportunity to get involved in this subject is always accepted.

I have created a business Page on Facebook. This social networking website seems to be appealing to people of a "certain age" now and is no longer purely a meeting place for youngsters.

This page allows direct two-way communication with folk that are interested in jewellery, gemstones and valuation. My "Fans", as they are called, can pose questions to me, upload images of their favourite items of jewellery and generally share in discussions with other fans. It also allows me to keep fans up to date with jewellery related events happening in Scotland and news on interesting cases I have worked on etc.

Why not become a fan and join in the fun? 
Click here   to view the page and click the "become of fan" button.

See you there!

Evening talks in Perth? - Your opinion?

I am considering laying on a series of informal evening lectures and demonstrations from some of the UK's top experts in various fields.

The talks would be held in the Boardroom here at the Algo Centre and would last for approximately 1.5 hrs with a chance to chat over a glass of wine, before and after.

Your opinion as to whether it is worth pursuing this idea is sought

Click here to participate in our quick poll   

Thank you

Fraudsters net over £1/4m using my name!

A "gentleman" and his partner are being pursued by the Police following an internet scam selling Moissonite (diamond simulant) jewellery as diamond. Nothing unusual there of course. What is unusual about this case is that the crooks were using my name on forged valuations that supported the their outrageous claims of value.

In the course of this scam coming to light, others were uncovered. In some cases near exact replicas of my reports were used. In other cases the reports were nothing like mine but the fraudsters did use my name along with images and logos from my website.

Should you ever be offered jewellery from an unknown source that is accompanied by documentation bearing my name you should establish the authenticity of the report by either calling me or checking the report number on the Fake Report Checker  page of my website.

Further details of this scam, if you are interested, can be found on my Facebook Business Page.

I trust this newsletter was of interest to you Jo.  As always, I am keen to hear client's thoughts, so if you have any comments or suggestions, please do let me know. I would love to hear from you.

Until next time, kind regards.

Adrian Smith



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