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132 Ct Unveiled by Graff

132.55 Cts Fancy Intense yellow cushion cut

Pictures of the Spectacular Fancy Yellow Diamond Polished by Graff Diamonds have been released.

Laurence Graff, the founder of the international luxury diamond and jewellery firm that bears his name, purchased the 299 ct rough diamond from the Letšeng mine in the Southern African kingdom of Lesotho.

Graff’s latest masterpiece named “The Golden Empress,” was polished into the 132.55 Cts stone an extremely rare diamond is a Fancy Intense yellow cushion cut,

The diamond is among the largest and rarest in the world. Only one in 10,000 diamonds discovered are classified as fancy coloured such as this yellow diamond.

Thursday 18 June, 2015

Arbitrators to Weigh Cases Involving GIA Grading Reports

Left Shmuel Schnitzer IDE president

Shmuel Schnitzer  IDE's president, said The Israel Diamond Exchange will appoint arbitrators deal with transactions of treated diamonds certified determined by the Gemmological Institute of America (GIA).

He explained that the bourse decided it would enable arbitration hearings to restore business confidence and given the lack of any significant updates in the GIA's investigation.

The GIA issued a laboratory alert on May 12 recalling diamond grading reports for diamonds suspected of having undergone a ‘temporary’ colour treatment.

The GIA voided reports which GIA said had undergone undisclosed temporary colour treatment, and offered free of charge to regrade the stones in question.

The IDE banned members from trading the stones using the old GIA reports.

Wednesday 10 June, 2015

32.26 ct laboratory created diamond polished

IGI certified synthetic 10 ct diamond

The (IGI) International Gemmological Institute in Hong Kong has certified synthetic laboratory grown diamond weighing 10.02.

The synthetic diamond is produced by Russian company, New Diamond Technology based in St. Petersburg.

IGI laboratory said the 10 carat synthetic diamond has a unique technology behind synthesizing processes, significantly more advanced than other laboratory created diamonds.

The size and exceptional colour are comparable with the best of the natural diamonds.

New Diamond Technology hopes to unveil the stone at the JCK Vegas show.

Wednesday 27 May, 2015

Kimberley diamond mines up for sale by De Beers

De Beers rough diamonds

De Beers Diamond mining Groups Kimberley Mines are no longer in the company's strategic plan.

De Beers has been mining at Kimberley South Africa for more than a century, said it hoped to conclude the sale in a matter of months. De Beers produced 722 000 carats of diamonds at Kimberley in 2014.

In 2011 De Beers moved the whole of the company's sales operation which was London based to Gaborone in Botwana,

Anglo American planned to cut diamond production this year due to lower demand and prices, since late 2014 due to in most part to liquidity problems.

Friday 22 May, 2015

Hundreds of diamonds recalled by the GIA

GIA colour treated diamonds recalled

Diamonds certified by the GIA had an undisclosed treatment which fades over time, but improves their colour by as much as three grades.

GIA is asking anyone in trade stocking these potentially treated stones to turn them back into the GIA for re-examination.

The majority of the GIA certified diamonds are one carat or larger, with a number of three to five carat diamonds.  A colour grade of three higher in these sizes amounts to a very big difference in price.

GIA has terminated the client agreements with companies suspected of knowing the diamonds were treated and did not disclose it. 

GIA discovered the treatment when a client who purchased one of the diamonds resubmitted it to GIA for re-check.

It was then that the GIA connected this stone with hundreds of treated diamonds submitted by the companies.

The GIA has notified industry bodies about the still unidentified temporary treatment.

Thursday 21 May, 2015

Upgraded Cutting Technology for Zimbabwe Diamond Centre

Zimbabwe Diamond Centre

The updated equipment will have production capacity of up to 700 stones per day.

The new diamond center incorporates miners, diamond dealers, cutters and polishers, jewellers, financial institutions and government regulatory authorities. This centralises the diamond industry and can address accountability, security and transparency in the Zimbabwean diamond industry.

Zimbabwe has realised, the country is not getting value for its rough diamonds, and production of the rough will add value to the diamonds and country.

When the rough diamonds are sold to factories in Zimbabwe, mining companies will benefit from added liquidity, as well as the fully processed diamonds will remain in the country for sale.

Zimbabwe is showing itself to be more forward thinking and proactive.

Tuesday 28 April, 2015

341.90 carat gem recovered by Lucara

341.90 carat rough diamond

Lucara’s Karowe diamond mine in Botswana has produced a 341.90 ct type IIa rough diamond gem while processing kimberlite from the central and south lobe interface.

The diamond will be sold along with two other stone weighing over 100 cts each.

Tuesday 21 April, 2015

DCLA PRICE LIST 2015

Advanced testing by DCLA

DCLA Diamond Certificate    

Prices GST exclusive

Up to   0.39ct          $65.00

0.40 -  0.69ct           $85.00

0.70 -  0.99ct           $100.00

1.00 -  1.49ct           $115.00

1.50 -  1.99ct           $125.00

2.00 -  2.99ct           $150.00

3.00 -  3.99ct           $175.00

4.00 -  4.99ct           $200.00

5.00 -  9.99ct           $250.00

Over   10.00ct         $500.00

 

LASERLOGO SYMBOL                                                                             $30.00

LASER INSCRIPTION DCLA CERTIFICATE                                                 $55.00

LASER INSCRIPTION (OTHER CERTIFICATE)                                             $150.00

VERIFICATION OF DCLA CERTIFICATE                                                      $35.00

RECHECK COLOUR / CLARITY                                                                 $25.00

REPRINT CERTIFICATE                                                                            $35.00

CHECK FOR HEARTS AND ARROWS                                                       $10.00

PRELIMINARY GRADING                                                                          $75.00

PRIORITY SERVICE (SAME DAY*)                                                            $50.00

COLOUR AUTHENTICATION                                                                      $100.00

ADDITIONAL TESTING                                                                              $150.00

DCLA INSURANCE VALUATION (including laser inscription)                         $75.00

DIAMOND RECUT / REPAIR                                                                      BASED ON QUOTE PRIOR

REPAIR HOT LASER DAMAGE                                                                 $55.00

ROUGH DIAMOND POLISHING                                                                  BASED ON QUOTE PRIOR

 

              Discounts are volume based and subject to review

              Prices are subject to change without notification   

*              Depending on volume

Friday 17 April, 2015

SA diamond trader gambled the money away

Diamond Dealers Club South Africa

An unnamed diamond trader is suspected of stealing diamonds valued at around US$1 million from several dealers in the Johannesburg diamond center in South Africa, according to a report in The Star.

The diamonds were apparently handed over to the diamond trader with the expectation that payment for them would be made within a few days, as is the custom in the diamond trade. The news source says an industry insider told them that the man was known to have a gambling problem and it was discovered that he had pawned the diamonds and gambled the money away over a period of two weeks.

The diamond trader is said to be in hiding, and his life is believed to be in danger.

South African Diamond Dealers Club Treasurer Michael Ellis is quoted by the news source saying that he is aware of the incident, and that the man is not a member of the Diamond Dealers Club, although he is known within gem circles. "You get a few incidents like this ever so often, but it happens with fringe members, not mainstream dealers," said Ellis, as quoted by The Star, adding that when any theft takes place, a ban on the dealer is placed worldwide, meaning that they will never be able to work in the industry anywhere in the world.

DIB

Wednesday 15 April, 2015

Debswana to cut output

Debswana diamonds

Debswana's Managing Director Balisi Bonyongo said, the Diamond Company will cut diamond production at its mines as the company tries to match demand in the short to medium term.

The company would prefer to keep the diamonds in the ground until the market to recovers.

Bonyongo said that the company expected the market to return to normal after it slowed in the last year. In part due the liquidity constraints in India.

Monday 13 April, 2015

Hatton Garden Safe Deposit robbed

Hatton Garden Safe Deposit

According to the police, robbers used heavy cutting equipment to break into the vault at Hatton Garden. The vault founded in 1954 is in use by almost 300 diamond and gold dealers and more than 50 stores.

The robbers broke into an office upstairs and then abseiled down a disused lift shaft. They then cut through steel exterior walls and finally broke into the vault on Friday. The gang then opened 300 boxes belonging to Diamond dealers and jewellers.

The gang took advantage of the holiday period to open the boxes. This robbery dwarfs any of Britain's previous biggest heists, with an estimated lost exceeding 300 million USD.

Thursday 9 April, 2015

DCLA Diamond jewellery valuation with Cold Laser Inscription

Cold Laser Valuation services

DCLA Australia’s leading diamond laboratory valuation service now available.

Valued by DCLA experts and therefore guaranteed accurate. Saving you money on your insurance premiums, and putting you back in the same position without compromising on quality.

The DCLA valuation will guarantee the diamond replaced with the prefect like for like stone.

All valuations will include personalised optional Cold Laser inscription on the girdle.

Call DCLA for information or to book you appointment.

Thursday 9 April, 2015

Tiffany & Co launches CT60 watch line

  Tiffany & Co

Swiss made CT60 collection is a tribute to founder Charles Lewis Tiffany.

The traditional Tiffany design fused with modern high tech watchmaking includes men’s and women collection in stainless steel or gold.

A 60 piece limited edition in 18 karat rose gold, with a calendar and a 42 hour power reserve will be individually numbered.

The collection is available at Tiffany & Co. locations worldwide and retail price starts at $4,250.

Tuesday 7 April, 2015

De Beers diamond grading and inscription facility opened in Surat

Forevermark Diamond

The major investment in Surat facility reflects a world class diamond cutting and polishing centre characterised by skill, innovation and the effective use of technology.

De Beers the world's leading diamond company is considering a diamond auction centre in India.

This laboratory is the second of its kind in the world owned International Institute of Diamond Grading and Research. 

The laboratories primary function will be to select and inscribe Forevermark diamonds with the unique serial number to deliver an accurate and reliable grading for diamonds.

De Beers is the world’s leading diamond company established in 1888  experts in exploration, mining and marketing of diamonds.

Wednesday 1 April, 2015

Tough rules for De Beers diamond customers

De Beers

Biggest reforms in a decade from De Beers’s over concerns of the financial stability and transparency of their sightholders.

The world’s largest supplier by value is changing the deal, introducing tougher rules for companies wanting to join its coveted group of sightholders.

De Beers will also insist customers hold a specified proportion of equity in their businesses, making them less reliant on bank borrowing.

Bank finance has receded and no new banks are coming forward after Antwerp Diamond Bank closed to new business in September.  Over the past two years banks have cut credit lines to the diamond trade, causing liquidity problems and a sharp fall in rough diamond prices.

The De Beers group which sells $6bn of unpolished diamonds annually will clarify the financial situation of all the companies. The belief is transparency will benefit the whole sector.

Monday 30 March, 2015

Trillions of carats of diamonds from meteorite

Meteorite crater diamonds

A meteorite impact 35 million years ago in Siberian, is said to have brought enough industrial diamonds which could supply the globe for thousands of years.

The discovery of meteorite crater known as Popigai in the early 1970s contains more industrial quality diamonds than all the present known deposits around the world.

The Diamonds crystal formation makes them much harder than gem quality diamonds, and could make them important in high grade industrial uses.

The meteorite crater is 100 kilometres in diameter was kept secret for close to two decades.

Friday 27 March, 2015

Rare Orange diamond to showcase at Shapiro Auctioneers

Fairfax Media Publications FR

Orange / yellow Orange one of the rarest colours found in natural diamond.

In 2014 a spectacular orange fancy vivid pear shape diamond mined in South Africa, weighing 14.82 carats was auctioned for a record price of $2.39 million per carat or $35.54m for the diamond. Setting a new record price per carat for any fancy colour.

The 1.03 ct Intense Fancy yellow Orange Round brilliant is made rarer because of the combination of the size, shape, colour and clarity.

Shapiro’s Auctioneers will auction the diamond at the May 13 Jewellery sale.

Source Fairfax Media Publications FR

Friday 27 March, 2015

The Fascination by Graff

Fascination by Graff

The Diamond Watch that effortlessly turns into an exquisite ring

Created by Graff Diamonds a London based jewellers founded in 1960.

Fascination is a diamond encrusted masterpiece piece which features a 38.13 ct pear shaped diamond which can be worn as a ring or inserted into a diamond encrusted watch bracelet with 152.96 cts of white diamonds.  

Graff uses only the very finest diamonds, resulting in the creation of the most fabulous jewels in the world.

The Fascination will be on show at the BaselWorld watch fair in Switzerland, which begins tomorrow.

Thursday 19 March, 2015

IIa Technologies Diamond manufacturer launches greenhouse

Synthetic diamond

IIa Technologies created a 3.04 ct synthetic white diamond, which is the largest polished laboratory grown diamond disclosed.

The company expects 25 to 30 per cent growth in consumer demand for laboratory grown diamonds.

The research centre based in Singapore will use the diamond greenhouse to grow Type IIa colourless diamonds, and will continue an industry wide adoption of advanced technologies like additive manufacturing, lasers and optics, and robotics.

Wednesday 18 March, 2015

24K Gold Apple iWatch

Apple iwatch

On Monday Apple unveiled its new smart watch to consumers, it is available in two sizes.

Starting at $350.00 USD for the entry level model, and rising up to $10.000 for the 18K gold version the new iwatch is set to change the way we look at watches.

While 10.000 will get you the standard 18K gold, for the best you will need to add $65.000.

The custom Apple watch has multiple rows of diamonds set around the face and strap.

Is this $75,000 USD diamond Apple iwatch is the ultimate smart watch? 

Wednesday 11 March, 2015

Coloured diamonds are best investment

Investment diamonds

Fancy coloured diamonds are fast overtaking the colourless white gems as a safe long term investment option.

The Fancy Colour Research Foundation (FCRF) latest research shows that fancy colour diamonds have outperformed white diamonds prices.

Natural fancy diamonds come in many different colours including the rare blue, orange, pink, red, and greens are achieving higher prices on the international market.

The FCRF has seen striking changes in the value of fancy coloured diamonds over the past. The data revealed patterns between investment and world economies.

Recently an 8.41 carat vivid purple pink diamond was sold for a record $17.10 million, and a 14.82 carat orange diamond sold for a world record $35.5 million.

Friday 6 March, 2015

Diamonds to be auctioned by Rapaport

Rapaport diamond auction

Rapaport has announced that will be opening its melee auction in the Hong Kong International Diamond show, the auction consists of premium quality diamond parcels in all shapes.

Limited spaces are available and viewing is by appointment only.  Rapaport will auction the record 98,000 carats of diamonds.

Director of Global Trading, Ezi Rapaport, said "all eyes are on the Hong Kong show as it will play a determining role for the trend in Quarter two”.

Tuesday 3 March, 2015

Brown Diamonds natural or synthetic

Cognac, Champagne or Chocolate diamond

Causes of colour in heat treated brown diamonds and synthetic brown diamonds are similar to treated pink diamonds.

In natural diamond the colour is related to a lattice imperfection. This can be mimicked in synthetic or treated diamond by a variety of treatments including annealing, heating or irradiating. The heat and pressure or irradiation can result in the lattice deviation resulting in the brown or pink colour.

Synthetic brown diamond is created by compressing graphite under extreme pressure and heat to above 1500 Celsius. The treatments were perfected in several laboratories in Russia, United States and China.

Lazare Kaplan Internationals Belgium subsidiary Pegasus Overseas Ltd marketed the General Electric processed diamonds under the name GE POL or in the USA as Bellataire.

This led to a technique for creating, or treating brown diamonds into higher valued colours like yellow or colourless diamond.

The disclosure of the treatment is noted by the “GEPOL" inscribed on the girdles of every treated diamond.

Brown diamonds are often marketed with expensive sounding names like Cognac, Champagne or Chocolate diamonds. Natural brown diamonds are a cheap alternative to more expensive colours.

Friday 27 February, 2015

Threat to Profitability from Synthetic Diamonds says De Beers

Synthetic Diamond

The flooding of synthetic diamonds in the industry is threatening long term sustainability of Rough and Polished.

Bruce Cleaver Head of Strategy and Corporate Affairs said “duds” were threatening profitability. And the impact of synthetic diamonds is more severe when manufactures don’t disclose Synthetics to the market.

APA estimates total market value of synthetic diamonds at $9 billion.

Wednesday 25 February, 2015

SDA detects synthetic diamonds mixed in natural diamond parcel

DTC DiamondView at DCLA Laboratory

The Surat Diamond Association detected synthetic diamonds in a parcel belonging to two diamond traders in Varachha the world's largest diamond cutting and polishing centre.

The parcel was sold by Ramesh Mavani a diamond merchant, who had purchased it from one Chandu Sheta.

The Natural Diamond Monitoring Committee is dealing with the investigation.

A committee was set up in 2013 after a huge quantity of synthetic diamonds was found mixed in with natural diamond parcels in Mumbai.

Monday 23 February, 2015

De Beers a crown jewel

Venetia mine De Beers

De Beers Group to invest around $3bn over ten years on diamond mining operations in its key South African mine Venetia.

De Beers reported operating profit of $1.4bn USD up 36% year on year, due to higher demand and increased production.

Diamond production was up 5% to 32.6m carats, largely to the production of Debswana the Botswana mine.

Anglo American owns 85% of De Beers

Tuesday 17 February, 2015

Perfect 100 ct emerald shape diamond for auction

100 ct Emerald cut

A rare Emerald shape 100.20 ct diamond, originally mined in South Africa by De Beers will showcase the Sotheby’s Auction.

The diamond is one of only six of equal quality ever to be sold at auction, and could sell for $25 million.

The size, quality of the cut and colour make this gem extremely rare because the stone is type IIa stone D colour, internally flawless.

Original polished out of rough weighing over 200 cts.

Monday 16 February, 2015

Fancy Coloured Diamonds Asia's Best Friend

Fancy Orange diamond

Fancy Coloured diamonds popularity and price has risen globally, partly driven by Asian investors.

Fancy Orange, Pink, Yellow, and Blue diamonds have appreciated over 150 % according to the Fancy Colour Research Foundation.

Hong Kong and China represent 40% of sales of the fancy coloured diamond sales; this demand of the extremely rare colours is pushing up its prices.

In Recent months Auction houses have sold some of the most valuable natural colour diamonds setting new records for Fancy Orange, Pinks and Blues.

Monday 9 February, 2015

Tiffany's diamond heist

Tiffany & Co

Armed robbers forced customers and staff to the floor, and then ordered one worker to open the jewellery cases.

The robbers made off with an unknown number of diamonds from the Tiffany & Co. store in San Francisco.

Sgt. Monica McDonald said authorities were viewing footage from surveillance cameras in the Westfield San Francisco Centre area, but remains baffled how the robbers pulled off the heist undetected.

No one was hurt during the robbery.

Friday 6 February, 2015

Surat Diamond Association synthetic diamonds seminars

Synthetic diamond CVD

Diamond industry leaders, the (SDA) and the Gems and Jewellery Export Promotion Council (GJEPC) will begin an awareness campaign in the diamond industry. They will focus on the various types of synthetic diamonds, and the identification and disclosure.

Detailed information on the various forms of synthetic diamonds including High Pressure High Temperature and Chemical Vapor Deposition will be provided.

Dealers, Jewellers and valuers in the industry are not able to differentiate between natural and synthetic diamonds. Leading to Lab grown diamonds being mixed in parcels with natural diamonds.

This has made it necessary to educate manufacturers and dealers, and bring awareness to the entire trade.

Natural diamonds will have the term Natural diamond on the certificate, or have a natural diamond report.

Thursday 5 February, 2015

Christie's, Sotheby's 2014 Jewellery results

Christie's, Sotheby's

Christie's and Sotheby’s auction sales rose to new records for both the auction houses.

Jewellery sales topped $740 million and $602.5 respectively.

A notable sale was The Graff Vivid Yellow diamond reaching $16.3 million, a record price for any yellow diamond to date.

During 2014 Sotheby's jewellery sold over 3,900 lots of which 77 items topped $1 million. With an overall sell through rate in was 81 percent.

Monday 2 February, 2015

Letseng Sales Drop 10% in Q4

Gem Diamonds

Gem Diamonds reported that it saw an encouraging end to a very positive year after the fourth quarter of 2014.

CEO Clifford Elphick said the despite a drop in diamond recovery, 25,525 carats down from 28,365 carats in the third quarter.  The Letseng mine in Lesotho has continued to perform strongly.

Gem Diamonds remains on track to declare a maiden dividend in March 2015, Based on the positive results and the rise in the price per carat from $2,043 in 2013 to $2,540 in 2014.

Thursday 29 January, 2015

Estimate value of De Beers January Sight is $450M

De Beers

Assortment and qualities showed no significant changes. 

Although with the first sight of 2015 having an estimated value of $450 million, De Beers has anticipated the slowing rough market with an estimated 4 percent price adjustment across the board.  

In the open rough market prices for similar goods are 20 percent lower than the contract sales, by the major miners. According to a sightholder.

General sentiment in the rough market was negative among sightholders and brokers. “I don’t know of a single box at the sight on which people will make money,” said a sightholder

De Beers has relaxed sightholder allocation rules for the January sight, allowing the deferment of 25 percent for two months without a penalty.

20 percent of the sight boxes buy values were deferred.

Wednesday 28 January, 2015

Fancy Orange Diamonds

Fancy Orange Diamond

Being the ultimate possession for diamond lovers, Natural fancy Orange diamond is extremely rare. To be classified as a fancy orange, there can be no brown in the diamonds colour.

Orange colour in diamond is rarer in nature than most other fancy colours, so rare even the GIA rarely grades an orange diamond.

As a result, orange diamonds that receive pure orange are even rarer than the natural fancy red or blue diamonds. And have therefore set records per carat exceeding any other fancy colour.

Orange is the colour of the true fancy diamond connoisseur.

Wednesday 28 January, 2015

South African diamond mine robbed

South African diamonds

A diamond mine outside of Prieska in the Northern Cape of South Africa, became the latest victim of a robbery on Monday.

South African police are looking for a group of sixteen men who tied up security guards, before they demanded the safe keys from two employees.

Unable to access the safe, they broke into the sorting room, and managed to get away with an undisclosed quantity of rough diamonds.

Tuesday 27 January, 2015

HPHT lab-grown diamonds achieve a new quality level

HPHT D IF Lab created diamond

Two laboratory grown diamonds, the largest D colour internally flawless lab-created diamonds have been certified by IGI Antwerp laboratory.

Both stones are triple excellent and have no colour overtones or fluorescence. The diamonds were submitted by Diamaz International a leading supplier of laboratory grown diamonds based in Antwerp.

Technological advancements in HPHT have made it possible to grown diamonds in D to F colours from 1ct to 3 t with great consistency.

It is predicted demand for these high quality HPHT diamonds will soon outstrip supply.

Wednesday 21 January, 2015

Indian banks begin cutting credit over default fears

Indian Banks

ABN Amro, Standard Chartered, State Bank of India and IDBI Bank continue to reduce credit levels to jewellery companies.

Winsome Diamonds and Forever Precious Diamond had defaulted on a $970 million debt owed to creditors prompting banks to act. The Banks have classified gems and jewellery into the high risk category.

Jewellery industry representatives will meet with Finance Ministry officials on Tuesday In a bid to bring much needed liquidity into the industry.

 

Monday 19 January, 2015

$500M Investment by Rio Tinto to Develop Bunder Diamond Mine

Rio Tinto

Rio Tinto has identified a cluster of eight diamondiferous pipes in India. 

Rio Tinto Global mining giant would invest $500 million in the diamond mine in Madhya Pradesh India. The potential project would create thirty thousand jobs when approval for the mining lease is granted by local authorities.

Rio Tinto's CEO said the project would commence once the company has environmental clearance.

Wednesday 14 January, 2015

Over graded diamonds

Martin Rapaport

Recently there has been a lot of controversy in the diamond and jewellery trade regarding over graded diamonds. This led to one laboratory being banned from listing on Rapaport. Video

If you have any concerns about your diamond DCLA Laboratory will check it for you FREE of charge.

Rapaport Australian listed laboratory DCLA

DCLA and Cibjo

Contact DCLA for information

Tuesday 13 January, 2015

Do not mix synthetic and natural diamonds

Lab grown diamonds and natural diamonds

Unscrupulous dealers have created havoc in the industry again, selling Lab grown diamonds in a mix with natural diamonds.

18 months after laboratory grown diamonds were found mix with natural mined diamonds, the industry is again dealing with the issue.  

Leading diamond companies including (DTC) sightholders have been caught up in the illegal practice.

In a statement the GJEPC and SDA clarified that various steps have been initiated to curb the menace including stringent legal action against those caught selling the lab grown diamonds mixed with natural diamonds. As well as manufacturing lab grown diamonds without disclosure.

Friday 9 January, 2015

Israel Exports $6B in Polished for 2014

Israel Diamond bourse

Israel’s polished diamond exports, increased one percent year on year to $6.27 billion in 2014, according to the Economic Ministry.

The United States is still the major market for Israel’s polished diamonds accounting for Thirty Eight percent of polished exports, Followed by Hong Kong with Thirty percent of Israel’s polished exports. 

Polished imports grew five percent to $4.51 billion during 2014. Rough diamond imports increased one percent to $4.02 billion, and rough exports increased four percent to $3.06 billion.

The world diamond industry faced a significant credit crunch amongst other challenges including, higher rough prices. With the robust U.S. market and renewed Asian demand, Israel looks forward to increased trade for polished diamonds in 2015.

Tuesday 6 January, 2015

Gemmological Institute of America seven week graduate diamond diploma

GIA

The GIA a gemmological organisation will be conducting a seven week graduate diamond diploma from January 8.

The programme combines theory lessons with practical hands on learning and will be held in Jaipur.

Students will learn how to grade in accordance with the GIA’s 4Cs colour, cut, clarity and carat weight of diamond in the D-Z colour range.  

As well as how to grade diamonds and detect simulants and treatments like fracture filled diamonds using gemmological equipment.

The course will be taught by instructors from the Mumbai campus.

Monday 5 January, 2015

GSI Opens Botswana Lab

GSI Laboratory

Mark Gershburg CEO of GSI said that after decades of just mining rough diamonds. Botswana capital Gaborone now cuts, polishes and sells diamonds.

This has created demand for gemmological laboratories. Therefore Gemological Science International has now opened a laboratory in Botswana’s trading centre.

Monday 29 December, 2014

Happy Holidays

Merry Christmas

Merry Christmas and Happy Chanukah to all our customers. We wish you all a successful, happy and healthy new year. Thank you for all your support and good wishes.

Monday 22 December, 2014

De Beers Sightholders Reject 25 percent of Goods

   
    De Beers December Sight

December sight is estimated at $600 million. With minor adjustments to prices and assortment qualities reported in categories.

Sightholders and brokers reported that 25 percent boxes were deferred or left on the table.

An India a sightholder said that they had already complained at the previous two De Beers sights that prices were too high to polish diamonds with a profit.  We haven’t seen any movement from De Beers so there was other option but to leave the goods.

Diamantes said that prices at the ALROSA sale declined, and the negative sentiment at the sight reflected the mood in the rough market at large.

Rough trade on the open market was week, even though boxes were offered at a loss with generous credit terms.

Wednesday 17 December, 2014

14 Diamond Companies move into the PGJ Centre

  Panama Gem and Jewellery Centre

Phase one of the Panama Gem & Jewellery Centre is completed. Fourteen of the world's largest diamond trading firms are taking up their allocated offices. 

They are among 45 international companies with annual revenues of more than $13 billion, and employ 85,000 people globally. Are  Kiran Gems, Diarough NV, Rosy Blue, Bhavani Gems, Interjewel, Jewelex, M. Suersh, the Niru Group, ILI Diamonds of the A. Rachminov Group, Atit Diamonds of the Shairu Gems, Dianco, Ofer Mizrahi Diamonds, S. Schnitzer Diamonds and S. SB Bichachi Diamonds Group.

The Panama Gem & Jewellery Centre is the region's only recognized diamond exchange.

With a futuristic profile and metallic exterior, and covers 1,578 square meters. A high security perimeter includes a parking area for tenants and visitors, and landscaped gardens. The first level includes the headquarters of the PDE, including its administrative offices, meeting rooms and 300 square-meter trading floor.

Tuesday 16 December, 2014

89-Carat Diamond Fetches $11 Million

  1.42 red

A 89.23 ct D VVs1 pear shape diamond sold for $11 million at the New York Magnificent Jewels sale.

The total auction was $66.6 million and featured a selection of colourless and fancy coloured diamonds.

A pair of pear shaped fancy light yellow diamond earrings weighing 52.88 and 51.46 cts sold for $5.4 million, a 21.30 ct, oval cut fancy light pink Golconda diamond that sold for $4.25 million. And a 1.42 ct oval cut fancy red VS2 diamond sold for $2.16 million.

Tuesday 16 December, 2014

$2.1 billion in diamonds from Russia for Indian companies

India Russia diamond pact

Twelve Indian diamond companies including Kiran Gems, Asian Star and Rosy Blue India, have signed three year contracts with ALROSA at the World Diamond Conference,

Each of the companies signed separate contracts with ALROSA and will buy rough diamonds worth USD 2.1 billion or about USD 700 million per year for a period of three years. This will assist the companies save considerable amount of commissions.

Friday 12 December, 2014

Rough diamonds for local diamond cutting works in Namibia

Namibian Diamonds

The diamond cutting and polishing factories in Namibia have been in decline, now employing only one thousand people.

The agreement between diamond producer De Beers and the Namibia Diamond Trading Company NDTC, which is equally owned by the two entities, currently supplies ten percent by value of all locally mined diamonds to the market.

The Namibian government is weighing up all options to provide more rough from (NDTC) to be supplied to the local cutting and polishing firms, said Minister Isak Katali.