Tag Archives: Tucson 2010

The Wittelsbach; Old Stone New Myths

The Wittelsbach, the second most famous diamond on earth, newly recut and renamed The Wittelsbach-Graff went on view at The Smithsonian Institution last week.   The unveiling of the diamond was attended by several luminaries including its billionaire owner Lawrence Graff accompanied by what Graff called “new stories” among them the newly minted  story that the diamond was originally found and brought to Europe by the famous French diamond dealer Jean Baptiste Tavernier.

The 116 carat Great Blue diamond that French gem merchant sold to Louis XIV of France in 1669, from a drawing by Tavernier published in the 1st French edition of Le Six Voyages in 1689.

The 116 carat Great Blue diamond that French gem merchant sold to Louis XIV of France in 1669, from a drawing by Tavernier published in the 1st French edition of Le Six Voyages in 1689.

Tavernier’s relationship to The Wittelsbach is tenuous at best.  The French gem merchant, the man who brought the great blue diamond that subsequently became the Hope to France and sold it to Louis XIV, wrote a 17th Century bestseller called The Six Voyages of jean Baptiste Tavernier that I have just released in novel form called; The French Blue, never mentions the stone.  To be fair he never mentions the Great Blue either but he does include an invoice which pictures the blue in his book.   The first mention I have seen of Tavernier’s possible relationship to The Wittelsbach appeared in a recent New York Times article.   The Times writer, Guy Trebay, admits that the relationship is little more than a possibility.

CroppedRoskin
The recut Wittelsbach-Graff Diamond. The recut preserved the original double stellate facet pattern and resulted in a upgraded GIA color grade of Fancy Deep Blue. Photo: Courtesy Gary Roskin

Though The Smithsonian is hosting the exhibition, Graff’s myth making marketing machine appears to be controlling every aspect of the exhibit.   Access to the gem have been carefully controlled. Only a few select gemologists/experts have been even allowed to see it.  One of the few journalists allowed access, Gary Roskin of The Roskin Report describes the evening:

"We were there from 5 pm until 11:30 pm, examining, and photographing. The
atmosphere was both giddy and serious. And why not? We were handling the
Hope Diamond, the world's most important deep blue, and the"
Wittelsbach-Graff, a stone that until recently was mysteriously gone from
public view. And now, here they were, possible relatives, sitting side by
side. It was quite magical."

Graff spokesman Henri Barguirdjian in an interview with Financial reporter Maria Bartiroma attempted to ah—refashion the debate over the re-cutting of the historically important  gem that resulted in a loss of 4.45 carats as merely a “re-polishing”.   Despite the fact that the stone is currently on view in a public institution, Graff is doing his best to control information about the gem.  This writer was told that even requests for images of the newly refashioned gem must be approved by the Graff organization.

Well, as I reported previously, this particular “repolishing” resulted in a loss of 4.45 carats and the upgrading of the stone from a GIA grade of Fancy Deep Grayish Blue to Fancy Deep Blue and from VS to Flawless clarity.  In the world of blue diamonds this upgrade would add a minimum of $500,000 per carat to the value of a smaller blue gem.   To give Graff his due, he did not make the same mistake as the buyers of the Agra Pink, the recut followed the original  facet pattern.

Though some experts have said that re-cutting the diamond was a travesty that would destroy its historical provenance,  it is hardly without precedent.   The gem’s big brother, the 45.52 carat Hope Diamond, originally 116 metric carats when Jean Baptiste Tavernier brought it from India, has been entirely refashioned not once but twice.  The first recut, the gem that came to be known as The French Blue was ordered by Louis XIV and supervised by his court jeweler Jean Pitau.  This reduced the stone into a shield shaped gem of 68 metric carats.  The second recut occurred sometime after The French Blue, then set in the Medal of The Golden Fleece, was stolen from a French warehouse in 1792.

Update on Oyo Valley Red Tourmaline:

A range of hues in red tourmaline from Nigeria's Oyo Valley.  Note the exceptional transparency (crystal) in these gemstones
A range of hues in red tourmaline from Nigeria’s Oyo Valley. Note the exceptional transparency (crystal) in these gemstones Photo: Robert Weldon

You’ll recall I mentioned the new Oyo Reds from Nigeria in my last post.  Here is an image.  There has been little red tourmaline in the market in the past few years and much of what was previously available was also from Nigeria.  This material occurs in very large crystals that are sawn then cut.  Very large eye-flawless gems are available, with stones up to 50 carats not uncommon.

Prices of this new material are very competitive and suites of matched stones, a rare occurrence in tourmaline, are available.

Colored Stone Magazine is No More

CS Magazinecover

by Richard W. Wise, G.G.   © 2010

After 22 years Colored Stone Magazine has ceased publication.   Other than a letter addressed to advertisers and signed by V.P. David Pyle, the parent company, Aspire Media, publicly known as Interweave Press, there has been little by way of an epitaph.  The website is still up.  Subscribers who have recently signed up have been told that they will be provided with an alternate subscription.   The website is no longer accepting subscriptions requests.

With the demise several years ago of Gem Key, the loss of the 22 year old magazine leaves only two publications, one a relative new comer, In Color, published by The International Colored Stone Association and Gem Market News, another quarterly published by The Guide, covering the colored gemstone industry.

Founded in 1987 by the Gilbert family as a quarterly industry news magazine, Colored Stone has been through several incarnations.  Its current owner, Interweave Press, is its third.  As the name suggests, the parent company is most involved in publishing consumer oriented fiber arts magazines.

What brought the magazine to its end?  According to Pyle’s letter it was all about the current economic situation.  “The corporation was definitely profit driven” said Morgan Beard the former editor in chief.  Beard who ran the magazine for 10 years, notes that “Colored Stone never really made money. The Tucson Show Guide kept the magazine afloat.”   At its peak, the circulation was between 8-10,000, “sometimes”, she said, “we broke even.”

“Sorry to see it go”, said dealer Bear Williams summarizing industry reaction.  “Yes, it’s too bad”, said Simon Watt (Mayer & Watt), but Watt goes on to make the broader point that: “we never have had any sort of real industry journalism.”

Many readers will recall Colored Stone’s  controversial coverage of the so-called “Copper Diffusion” issue by then Editor-in-chief David Federman.  Federman wrote several articles based unsupported claims by the proprietor of an unaccredited online gemological school concerning copper diffusion treatment of tourmaline, garnet and topaz.  “Federman was on the right track with his coverage of enhancement issues”, but, on the James issue, “I called and told him, ‘“David you have lost perspective, he hung up on me.”’ “David Federman is a great writer but a lousy editor.” said Watt.    Beard agrees, “Federman wrote what he believed but often did not investigate or take a balanced approach”, she said. Eventually the claims were determined to be faulty by Colored Stone’s own Science Editor among many others.

Federman’s coverage also resulted in a lawsuit by the Direct Shopping Network (DSN) that named Colored Stone and Interweave Press as defendants.  Did the controversy contribute to Interweave’s decision to pull the plug on Colored Stone?  Beard doubts it.  “Interweave just shut down three of its magazines.  I think they finally decided, we have the Show Guide making money and the magazine not, so why continue the magazine?” she speculated.  Another source told me that an outside executive had been brought in to reorganize the magazine.

Another Interweave publication, the venerable Lapidary Journal/Jewelry Artist may be asked to step up and fill in the gap caused by the demise of her sister publication.   Originally called just Lapidary Journal, the 60 year old magazine changed its focus just two years ago and directed its coverage more toward jewelry, but since October has begun repositioning itself back into the gem world said Merle White, Editor-in-Chief.  When asked if this meant that her magazine would pick up the slack left by Colored Stone, “that has not been discussed”, she said.  “We strengthened our gem coverage because our readers asked for it” she stated.  Federman was terminated but Managing Editor, Karla Rosenbusch has been retained to coordinate The Tucson Show Guide.  What will be the fate of Colored Stone’s online newsletter Gem-Mail?  “That is under discussion” said White.

Countdown To Tucson 2010

Taken at Tucson 2009.  Photo:  R. W. Wise

Taken at Tucson 2009. Photo: R. W. Wise

The major industry extravaganza known as The Tucson Gem Shows are just a couple of weeks away.   This will be my 25th year and my wife Rebekah and I will spend a full two weeks at the shows.

I predict that it will be all about price this year.  The gem and jewelry industry is being squeezed from both ends.   As Wayne Prentise of   Troy Diamond Report points out:  “for 2009 three currencies tracked gained over 20% in real value: Australian Dollar +27.72%, Brazilian Real +24.99%, New Zealand Dollar +21.81 …while Gold increased +28.2%, all when measured to the basket of currencies.”   Prentise predicts higher prices for Brazilian and Austrailian gems at Tucson this year.   By contrast,  David Stanley Epstein, an American dealer living in Brazil recently reported substantial decreases in the prices of Brazilian gem being offered in the Brazil’s  gem capital of Teofilo Otoni.

Where does the truth lie?  Stay tuned for the true gem.   I will be posting regular reports from Tucson on GemWise beginning February 1st.