A US slowdown in demand for polished diamonds is gradually building up inventories at Indian jewellery manufacturing companies, leading to a decline in diamond prices by as much as seven percent this month.
The US usually orders bulk for the holiday season, but this year the volumes are down.
Inventories have started piling up at the manufacturing units. It will become a matter of worry if this continues for long. We do not expect manufacturing activities to be cut down due to this slowdown in export markets. Manufacturing companies may reduce rough purchases.
Diamond markets in Belgium and Israel are also quiet. Rough diamond trading has slowed.
There are a number of ways to verify that your diamond matches the diamond certificate it is purchased with. If you purchased a diamond that is laser inscribed, ask your jeweller to show you the laser inscription under magnification. This way, you will always be able to identify the diamond as your own.
DCLA also performs a verification service, for both DCLA certified diamonds and for diamonds certified by other internationally recognised laboratories. Bring or send your diamond, together with the diamond grading certificate, to the DCLA laboratory and the diamond will be conclusively matched against the certificate. DCLA can then cold laser inscribe the diamond with either the diamond grading certificate number, or with a personalised message.
A diamond valuation is only done once the diamond has been set in the ring. Inclusions are hidden, colour is obscured, carat weight and measurements have to be estimated. This makes it impossible to determine the exact characteristics (4 C’s) of the diamond and consequently the “valuation” can be significantly different to the actual value. In fact most valuations have the following disclaimer: “Gemstones have not been removed from settings for accurate assessment, all grades and weights are approximate.” Often these insurance valuations are used as selling tools by jewellers; for example, when selling a diamond ring for $10 000 a jeweller may present a valuation for $15 000. The customer will think he is getting a very good deal, however the diamond ring had never ever been sold at that value.
You can have your certified diamond sealed in a DCLA Certicard ® Seal which will provide a further safeguard against your stone being substituted. The seal has a number of security features including electrostatic security bars, pressure-sensitive transparent adhesive and Cryptoprint® text which becomes visible after opening the seal. It is therefore very difficult to tamper with the seal. This sealing will also protect your diamond against damage and dirt.
Ask the jeweller if the diamond certificate comes from an independent diamond laboratory or if it produced by a diamond merchant or retailer, then do your research. Make sure the certificate is issued by the DCLA or another highly respected diamond grading laboratory; DCLA is the only diamond grading laboratory worldwide to offer a full-replacement Diamond Grading Guarantee.
All of the 4 C’s are equally important; however, many people consider diamond cut to be the most important diamond characteristic, because even if a diamond has perfect colour and clarity, a diamond with poor cut quality will have dulled brilliance and life.
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.
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.
The International Institute of Diamond Grading & Research is part of the
De Beers group of companies.
Based in Antwerp and run by the world’s top diamond experts, the International Institute of Diamond Grading & Research benefits from proprietary equipment of the De Beers group of companies that enables the most precise grading and assessment for both rough and polished diamonds
Inventory at Sotheby’s rose significantly due to acquisition of the Pink Star, renamed the Pink Dream the 59.60 ct, internally flawless, fancy vivid pink diamond which was sold to diamond cutter Isaac Wolf in November for $83,187,381 USD. The reason Sotheby’s acquired the rare stone is due to Wolf’s default.
Sotheby’s are quite comfortable with their valuation and comfortable in owning it at this price. Sotheby’s is currently pursuing a resolution with the buyer, while also considering other alternatives against the default.
