Diamond Prices Are Crashing

Photo: istock

As much as I love jewelry I've always known the price of gemstones is arbitrary to a great extent. Jewelry is as much of an overpriced luxury item as Hermes handbags, Manolo Blahnik shoes, or Dior pants and coats. They cost what consumers are willing to pay for them. Never think of luxury items as investments but to be enjoyed as things of beauty only. The value of luxury goods is driven by want not need. If you covet investments, take your money to an investment firm to buy stocks, bonds, and mutual funds, where you'll earn returns on your portfolio. You're lucky to break even by reselling luxury goods after you subtract a 15% - 20% commission.

Photo: That Guy Osiris - I'll take them!

So I'm happy to report an exciting development in the diamond market! In 2023 diamond prices are tumbling down -- about 23% for 1-carat stones and about 15% for 3-carat stones -- according to experts who watch diamond prices such as That Guy Osiris, an ex-diamond trader who has a YouTube channel. 

The reasons for the decline in diamond prices are several: 

(1) Monopoly diamond sellers such as DeBeer aren't as powerful as they once were in setting diamond prices high combined with limiting the supply of gemstones on the market. 

Photo: istock

(2) Nowadays the demand for diamonds is less. Not every bride in 2023 desires an engagement ring. Some wish to put their $7,000 - $15,000 earnings elsewhere such as for a downpayment on a house or car. Millennials are more interested in spending on travel and experiences than buying diamond rings.

(3) A main reason why the price of diamonds is sinking is the greater acceptance by the public of lab-grown diamonds which cost about 1/3 less than diamonds mined in nature. Diamonds created in a lab are chemically and optically identical to natural diamonds.

(4) The process of making laboratory diamonds is getting better and cheaper all the time, and more companies including jeweler James Allan are offering them. According to Liberum Capital Markets, about 25% to 35% of diamonds sold to customers today are lab-grown diamonds.

Photo: That Guy Osiris

5) That Guy Osiris says that industry leader DeBeers is responding by discounting its prices for 2 - 4 carat rough natural diamonds. Recently prices for uncut natural diamonds have dropped from $1,400 a carat to $850 per carat to be competitive with lab-grown diamonds.

All of this is a win, win, win for customers! If diamond prices keep falling, one day I'll be able to afford my fantasy 4-carat stud diamond earrings (that's 2-carats each ear, sister!!), my 20-carat diamond blingy tennis bracelet, and my 5-carat diamond solitaire ring ... no engagement needed!

Diamonds By Bonnie - has an Instagram and a YouTube Channel

I don't care one iota about the lesser monetary value of lab or natural stones as long as I'm not charged for it. Just give this glitter-loving girl her diamonds! I'll start with that big brilliant round diamond at the top of the blog and the pear-shaped diamond ring at the bottom! We can add my fantasy diamonds to my collection later.😉😂

If in the future diamonds cost less, would you value them less?

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Cetaphil Launches Purified Peptides Anti-aging Skincare For Sensitive Skin

If you're a skincare enthusiast you know retin-A and its over-the-counter derivative retinol is the gold standard of anti-aging skincare. We hear it over and over. But they can be brutal on virgin or sensitive skin, leaving it red and raw. What gives this most medically studied anti-aging ingredient its effectiveness is how often you apply it to your face over how strong the dose is. The reason non-prescription retinol is more beneficial to virgin skin than jumping to prescription strength Retin-A is mainly because if you don't slowly build up a tolerance for the prescription strength, you'll have to stop using it after your skin quickly becomes red and raw.

Nowadays science has tested and also given its seal of approval to other less harsh products better tolerated by sensitive and virgin skin which can give you similar anti-aging benefits like retinol and retin-A, such as softening fine lines and wrinkles and stimulating the production of collagen. We're talking about immediate anti-aging improvements without the side effects of peeling and pain! {Bakuckiol is one such retinol alternative milder for sensitive skin. I've covered it in a prior blog.}

Cetaphil is launching new anti-aging skincare for all skin types including sensitive skin. The new line goes by the name Cetaphil Healthy Renew which aims to improve skin's firmness, texture, and tone, 3 benefits you also get by using retinols. The Cetaphil new product line is great for treating dry skin too. It keeps the skin barrier balanced with up to 24 hours of hydration.

The 4 beauty anti-aging elixirs in the launch are (1) a face serum, (2) an eye cream, (3) a day cream (with sunscreen), and (4) a night cream.

The key ingredients in the new products are anti-aging peptides (the brand calls them purified peptides, obviously, a marketing term😊) to help minimize fine lines and wrinkles; vitamins B3 (niacinamide) and B5 (panthenol) to hydrate, soothe, and repair the skin barrier; plus Rice Lees and Edelweiss (botanicals) to target dullness and uneven skin tone.

Cetaphil is developed by dermatologists and sold at drugstores. Universally, skin doctors do recognize the role of peptides in fighting some of the signs of aging. They endorse using peptides to erase fine lines and wrinkles as not a waste of money.

Note that you can improve your skin, taking years off your appearance, simply by hydrating and nourishing your skin barrier ... so moisturize your face with a good brand like Cetaphil (or CeraVe, both) available at drugstores! What's more, getting rid of old dead skin cells with botanicals like Rice Lees and Edelweiss encourages new skin cells to rise to the surface. Your skin will be more supple, elastic, and radiant in about 2 weeks. BTW, Retin-A takes about a year before you can tolerate using it every night.

The more brand and ingredient choices the better! For sensitive skin, I'll also link several blogs that detail other science-based, anti-aging ingredients below.👇

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Canada's Nanaimo Bars

Oh, Canada, why have you been holding out on me?

These classic Canadian cookie bars popped up on my Facebook feed. They are named after Nanaimo, British Columbia, but I've never heard of them. They look so delicious I've decided to make them! After googling the recipe to find that other recipes call for custard powder, another food item I've never heard of and won't find in my supermarket, I decided to go with this 12 Tomatoes recipe adapted from Classic Cooking. I like the white chocolate flavor in the custard layer. Another version of Nanaimo bars suggests making a coffee-flavored custard, also tasty! You choose. I'll go with white chocolate the 1st time.

Nanaimo Bars - 12 Tomatoes version:

Ingredients:

Photo: 12 Tomatoes - FB

Bottom Layer --
1 stick unsalted butter, cubed
⅓ cup brown sugar
3 tablespoons unsweetened cocoa powder
1 large egg, lightly beaten
1 teaspoon vanilla extract
2 cups graham crackers, finely crushed
8 oz sweetened coconut, shredded
1 teaspoon kosher salt
½ cup chopped nuts (walnuts, pecans, or almonds)

Pudding Filling -- 

5 tablespoons unsalted butter, room temperature

¼ cup heavy cream 

2 tablespoons white chocolate instant pudding mix

2 cups powdered sugar

 

Photo: 12 Tomatoes

Chocolate Topping -- 

1 cup semi-sweet chocolate chips - See my tweak - step 6.

4 tablespoons salted butter 

Optional: ½ teaspoon kosher salt

Directions: (From 12 Tomatoes with my tweaks in blue font).

1) Line an 8x8-inch baking dish with parchment paper. Set aside. (It works in a buttered 9x9-inch baking pan equally well. I think the crust is better without parchment paper.)

2) Melt 1 stick of cubed butter in a saucepan over medium heat. Add cocoa powder, salt, and brown sugar, remove the pan from heat, and whisk until mixture is well-blended.

3) Slowly whisk in the beaten egg and mix constantly until the egg is incorporated. Return the pot to the stovetop over medium heat and cook until the chocolate mixture has thickened, stirring frequently, for up to 2 minutes.

4) Stir in vanilla extract, shredded coconut, chopped nuts, and graham cracker crumbs. Once blended, pour the chocolate mixture into the prepared baking dish. Cover with plastic wrap and refrigerate for 40 minutes.

5) Beat 5 tablespoons unsalted butter with heavy cream, and instant pudding powder until smooth. Stir in powdered sugar until a creamy mixture comes together. Spread the cream filling over the top of the chocolate base layer and recover with plastic wrap. Return the pan to the refrigerator for 20 minutes.

Photo: BBC

6) Melt chocolate chips with butter in a microwave-safe bowl, cooking in short increments of time and stirring until melted and smooth. Add salt, if using, and stir until blended. (See my tweak below👇). Spread chocolate topping over top of the cream filling. Cover with plastic wrap and return to the refrigerator to chill for 30 minutes or until the chocolate has completely set. My chocolate ganache is pure and simple without sacrificing flavor: Melt chocolate chips or broken dark chocolate pieces in a microwave-safe bowl with a tiny amount of any fat milk. Remember you can always add more milk, but can't remove it, so start with less. You don't need the butter or salt to make chocolate ganache. After melting, stir well and pour the ganache over the 2nd layer. Cover and refrigerate.

7) To serve, cut into squares. Store in an airtight container. If stacking your Nanaimo bars, place a layer of parchment paper in between each layer. Don't stack the cut bars as thy're moist because of the middle layer of pudding. It won't end well! 

Makes 16 bars. Refrigerate any leftovers and return the next day to eat the batch up! Let's not lie and pretend otherwise.

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Stylish Sporty Fall Finds

No doubt about it, fall has arrived in the Western Hemisphere. With a change of seasons, perhaps you need to add a few new casual pieces to your fall wardrobe? Old Navy is located a couple of blocks from where I live, so it's impossible not to float into the store often when passing. I continue to be amazed by the quality of the retailer's leggings at ultra-affordable price points making them a steal! 

The merchant tends to tweak their offerings from year to year so when you find a style you like and they go on sale, it's a good idea to buy a few pairs. You may prefer mostly cotton fabric but next year find mostly polyester or modal as choices. The waistband may change or the flare could be discontinued.

To the left are all the selections of leggings this fall, which consist of different styles, textures (meaning weaves and fabrics), and lengths. 

Although 8 offerings require studying each one, a good selection is great for different body types or activities. Two Old Navy leggings I love right now include:

1) High-Waisted Ankle Leggings For Women - Although I prefer jet black, there are other colors too. They sit just below the belly button and are 96% cotton and 4% spandex. Super soft and smooth for comfort, and opaque. Lightweight yet not see-through, I highly recommend them for fall and early winter. They are warm, but not too warm for the sometimes 75-degree F days of autumn. They are fitted through the hips and waist and narrow at the ankles. At times I wear these smooth and lightweight leggings with black ankle socks under a dress in winter instead of tights for warmth with comfort, and nobody is the wiser!

2) Extra High-Waisted PowerChill Leggings For Women - They sit slightly above the belly button and contain 53% cotton, 22% polyester, 13% modal, and 12% spandex. These are light and airy, but also a tad heavier than my 1st recommendation above. Great for Pilates, yoga, or a workout. They are fitted at the hips and thighs and narrow at the ankles. The fabric offers 4-way strength with stay-dry, sweat-wicking technology. They also have an elastic waist that has an inside pocket. Unlike pair #1, they'll be warm enough to take you through the winter months and in the jet-black hue can be dressed up with ballet flats and a blazer. They also come in shorter 7/8 lengths.

3) Dr. Scholl's Women's Time Off Platform Sneakers - I'm recommending these with caveats. Not only are they cute and feminine with leggings, jeans, and dresses, but the platforms provide a measure of arch support and stable heels. Customers love how comfortable they are for walking. For sneakers they are also well priced, but here's the rub ... customers report if you wear them a lot for walking, they won't last longer than 6 months to a year. The shoes' material tends to separate from the rubber, so don't pay the full retail price but wait for a generous sale. I'd buy the Time Off Platforms on sale for $40, but not at $69 or $100. Even at the lower price, I'd be disappointed if they didn't last. To be competitive, Dr. Scholl needs to resolve this manufacturing weakness to make these stylish and supportive sneakers as durable as Nikes and Converse! Sneakers are made for walking … but sometimes a cute style we know to baby is tempting, no?

So there you are, 3 sporty styles to take you through the fall while leaving you with a few dollars to put in your leggings' hidden pocket.

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The Manet and Degas Exhibition Opens At the Met

Left: The Plum - Edouard Manet; Right: In a Cafe (The Absinthe Drinker) - Edgar Degas

A compelling art exhibit opens at the Metropolitan Museum of Art running from September 24, 2023 - January 7, 2024. The show brings together 2 huge French impressionist artists who in life were friends, rivals, and sometimes foes: Èdouard Manet (1832 - 1883) and Edgar Degas (1834 - 1917) were nearly the same age.

Racehorses Before the Stands - Edgar Degas

The Races at Longchamp - Edouard Manet

While the Met always has works of these two contemporaries on view from its own collection, this exhibition gathers 160 of their paintings and works on paper, including masterpieces from around the world, to show the two colossi fathers of modern French painters, side by side, illustrating how their careers crossed and diverged. 

Olumpia - Edouard Manet

If you find yourself in Manhattan, be sure to visit the Manet/Degas exhibit. Seeing 160 pieces from 150 institutions and private collectors all in one place is a once-in-a-lifetime opportunity not to be missed!

Edouard Manet & his wife, Suzanne playing the piano - painted by Edgar Degas as a gift,  Manet hated the painting and caused a rift with his friend by slashing it.

I've not gone myself yet, but will soon! Meanwhile, here's a write-up with more of the beautiful exhibition paintings in The New York Times. When I see it, I'll surely spot favorites!

Years ago as a Congressional intern (in the US Senate), I fell in love with an Edouard Manet painting hanging in the National Gallery of Art in Washington D.C. and frequently went to look at it. Right before I left town, I bought the poster, had it framed in New York, and it has been hanging in my living room ever since. I never get tired of looking at it. Click here for a peek. I love Manet's realism and harsh contrasts of light and shadows and Degas' brightness, lightness, and shimmer of color.

Do you have a favorite?

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The Regent Diamond Sits In the Louvre

Photo: go here  - Note the size of the diamond when holding it and look at the perfectly manicured nails! Both are amazing!

The Regent Diamond is the 7th largest of the D-grade colorless diamonds in the world. It is also one of the purest and most brilliant of the known large diamonds. Gemologists think it was mined in Golconda, India between 1698 and 1701. In 1701 an Indian diamond merchant named Jamchand sold the 410-carat uncut diamond to Thomas Pitt, the Governor of Madras, who sent it to England hidden in the shoe of his son, Robert Pitt, where it was perfectly cut by a diamond cutter called Harris, into an internally flawless 140.64-carat brilliant cushion-shaped diamond.

Eventually, Pitt sold the diamond to Philippe d’Orléans, regent for Louis XV, the 5-year-old grandson of Louis XIV of France, which is how it acquired its name. In 1723 the Regent Diamond was set in the coronation crown of King Louis XV. It was reset in 1775 in a new coronation crown for the ill-fated Louis XVI. His wife Queen Marie Antoinette also wore the diamond attached to a black velvet hat. During the French Revolution, the Regent Diamond was stolen (along with the Crown Jewels) but it was later found in a Paris attic.

In 1812 Emperor Napoleon Bonaparte took possession and had the diamond mounted in his sword. After he was defeated at Waterloo and exiled from France, his 2nd wife, Archduchess Marie Louise smuggled the diamond to her native Austria, but her father, Emperor Francis I, returned it to the French Crown Jewels where the Regent Diamond was set in the crowns of France's Louis XVIII, Charles X, Napoleon III, and a Greek style diadem of Empress Eugenie, wife of Napolean III. After France once again dethroned and expelled its royal family, the Regent Diamond ended up at the Louvre Museum in 1887. During the Nazi occupation, the Regent Diamond was sent (along with the Mona Lisa)  to the Loire Vally where it was hidden in the plaster sealing the marble of a fireplace at the Chateau de Chambord, returning to the Louvre after the liberation of Paris and the unconditional surrender of Germany in 1945. The gem is now owned by the French state. 

Cushion cuts have more fire (i.e., colored light) than other diamond cuts. Today the Regent Diamond, an ideal cut, bluish-tinted stone, is on display at the Louvre for public viewing. What an adventurous journey ... with a happy ending. Home sweet home!

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Inflation Busters: Look For Value Naturals Snacks

With inflation falling but still with us, food is taking a big bite out of everybody's budget. At my local Key Food Supermarket, as well as, at other supermarkets including Shop Rite, Value Naturals brand of snacks is still an excellent value. I paid $4.99 for 9 ounces of Walnuts, $1.99 for 6 ounces of Crystalized Sliced Ginger, and $2.99 for 8 ounces of Sun Dried Tomatoes. This Supermarket label has a wide assortment of other snacks available including candies and an oriental umami-flavored mix. I don't buy the oriental unami crunchy snacks with dried horseradish flavored peas because when in my pantry I can't stop eating them! I do pop 2 or 3 of the Crystalized Ginger slices in my mouth if I crave something sweet; the walnuts for a healthy dose of protein; and the Sun Dried Tomatoes if I eat cheese and crackers but think I should have cooked a vegetable.

My 3 favorites are always in my pantry. In addition to snacks, they can go on a cheese platter ... the Sun Dried Tomatoes go well in salads ... and the Walnuts into baked goods.

Although not sold in bigger sizes, they seem to last for a while, and the value pricing makes them inexpensive to rebuy as needed. I feel a little more affluent and fancy stocking them, caviar tastes on a tuna fish budget as the saying goes.😁😂 

Speaking of which, look for Value Naturals Snacks in the canned tuna, produce, or meat sections of your local supermarket. Usually, you'll find them in the exterior, i.e., the aisles near the walls where the real food lays.

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Vichy Skincare Is Available At CVS

Vichy was developed in 1931 by Dr. Prosper Haller to treat sensitive skin. The French brand's formulas are created by skincare specialists and tested under strict dermatological control to confirm their efficacy. Many of the products contain Vichy (as in Vichy, France) Volcanic Water -- rich in 15 minerals -- to calm and support the skin.

YouTube dermatologists including Doctory, The Budget Demonologist, and Dr. Daniel Sugai, all board-certified and practicing physicians, like this drugstore brand which is sold at CVS. 

My nearby CVS often has Vichy product samples. The five items I've tried are ultra-moisturizing and gentle for sensitive or irritated skin, providing the tender loving care it needs. I used them after experiencing what looked and felt like a vitamin C burn on the eye area of my face. I guess that double vitamin C serum (of another brand) isn't right for me since it was the 1st time I've had a painful reaction from using vitamin C serum.

The Vicky samples I used to soothe the area are:

1) Vichy Liftactv Supreme Serum 10 - The chief ingredient is hyaluronic acid to plump up dry skin, which is how it reduces the appearance of fine lines and wrinkles.

2) Vichy Mineral 89 Fortifying & Hydrating Daily Skin Booster - It's a fast-absorbing, lightweight, thickish facial liquid for dry and sensitive skin. Unscented and non-sticky, apply it as step 1 followed by a moisturizer.

3) Vicky Aqualia Thermal Riche-Rich - Moistens the face with hyaluronic acid and Vichy Volcanic Water. Provides lasting 48-hour hydration for dry and sensitive skin.

4) Vichy Lifeactiv Supreme Jour - Day - With rhamnose (a type of sugar found in plants) and Vichy mineralizing water, it fights fine lines and wrinkles while smoothing, firming, and moisturizing the skin.

5) Vichy Liftactiv Supreme Nuit - Night - Targets wrinkles and the loss of firmness, it contains rhamnose, vitamin C, adenosine, and Vichy mineral water to fight the stubborn signs of aging.

Vichy formulas feel luxurious, are non-greasy, and definitely moisturize and plump up the skin as claimed. Although the ingredients in its moisturizers don't have as many anti-aging clinical studies behind them as retin-A (considered the gold standard), Vichy is a 90+-year-old skincare company that employs dermatologists and health experts to develop its salves. On the face, they do absorb well into the skin. Without burning or producing a bad reaction, you can feel some type of action going on after the application.

If you have dry, sensitive, or irritated skin that needs rest from retin-A, retinol, or vitamin C serums -- which at times can leave your face feeling raw and sensitive -- Vichy is a luxury drugstore brand that plumps up your skin with dermatologist-tested and approved moisturizers containing ingredients to soothe and help your skin recover, plus look younger via its hydration. 

Vichy is pricey, yet not out-of-reach. The next time you're at CVS, see if you can score some samples to try the brand.

New on the market at about the same price point and as "consciously clean" for sensitive skin is Scarlett Johansson's line called The Outset. The focus of the line is to nourish your skin barrier for hydration, beauty, and balance. Its aim is similar to Vichy's with the latter adding rhamnose to also firm the skin.

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Active Wear For Home or Play

Since the pandemic forced us to stay at home for 2 years to work and play people are dressing ultra casually when they leave the house. Although I see people wearing questionable sweats, loungewear, and what resembles houseshoes even in Midtown Manhattan, overall casual attire is more good than bad. In fact, I'm a huge fan of a casual smart appearance. When we match colors, stick to neutrals and complementary colors, we can dress in comfort and still look like we care ... like we've made an effort before leaving home.

The following are 5 wardrobe pieces people on Amazon and elsewhere overwhelmingly love. Based on many 5-star reviews each piece is super comfortable to wear at home; to the gym; or to run errands around town including all the way to Midtown Manhattan:

Casual Smart Comfort for Home, Gym, or Running Around Town:

1) Hoka Ora Recovery 3 Slides - Runners began wearing these after long or tough races to support and help their feet recover. They cushion and let your feet breathe.

2) Colorfulkoala leggings and yoga pants - I'm always bookmarking leggings and yoga pants that get rave reviews at a fair price. Colorfulkoalas come in several styles, lengths, and colors, including shorts. With 48,000 Amazon reviews, customers say they are dupes for some of the higher-end more expensive activewear. Personally, I lean towards cotton with a small percentage of spandex leggings, but these are praised as buttery soft with 4-way stretch and sweat-wicking technology. I'd compare them to Uniquo's Airism technology and their cost is far below Lululemon, Athleta, and GAP. For casual work meetings, I'll pair black yoga pants and a cotton t-shirt under a well-fitted wool blazer with ballet flats and nobody is the wiser. The trick is not to dress casually from head to toe but to mix casual pieces with fitted pieces and classic shoes.

3) Filoto Running Belt Fanny Pack - I have never liked the look of fanny packs, but this one is stylish and still holds your phone, cardholder, keys, and cash. So you really can leave your bag at home. The fanny pack is unisex to fit the waists of men or women. IMHO it looks more like a sleek accessory than a fanny pack.

4) Uniqlo Airism tops - for men and women - Wisks away sweat, there are several styles and a wide assortment of colors. Some have built-in bras, and others have a dominant percentage of cotton fibers.

5) Hoka One Sneakers - For running, walking, and playing. They're as popular as Nikes on the streets of Manhattan. Everybody seems to be wearing them.

If you pair the right neutrals and complementary colors you can dress in comfort without needing to change your clothes if you stay home; exercise; or roam away from home.

 

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