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.
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
Gem Diamonds Ltd has had a 50 percent value increase this year. Rough diamond prices have risen about 14 percent year to date on Chinese demand.
Gem Diamonds average sales were at $2,747 per carat an increase 58 percent. Gem Diamonds Letseng mine in Lesotho has produced some of the world’s biggest diamonds, including the 603-carat Lesotho Promise.
A polished diamond from the Lesotho Promise is at Graff Diamonds in London. Gem Diamonds reported first two quarter profit of $19.7 million. And Gem reported an increase in sales of 54 percent to $148.9 million.
Simple reason is online sales don’t have the expense of retail location, security and personnel.
All of these add to the cost of the diamond, but not the value.
But before you do buy, ask these questions.
Do all online diamond sellers ship free of charge?
Can you view before buying, if you wish?
Is the diamond certified by an IDC or equally highly recognised Laboratory?
Is the diamonds quality guaranteed?
Only at the DCLA Diamond Exchange the answer is yes to all these questions.
The Diamonds are certified by the best laboratories in the world and are Fully Guaranteed.
The shipping is Free across Australia.
And most important, a trained diamond grader will personally show you all the diamonds attributes, as well as explain all the details so that you understand and make an educated decision before you buy.
This is all done as a free service complements of the DCLA laboratory which is the only qualified and state of the art IDC Laboratory in Australia.
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.
Petra Diamonds has recovered a 29.6 ct blue diamond, possibly the rarest and most coveted in the world.
Cailey Barker at brokers Numis said the diamond could fetch between $15 million and $20 million at auction.
Chief Executive Johan Dippenaar said “this is probably the most significant stone we’ve ever, in terms of blue stones, recovered”. At the mine is located in South Africa.
Much has been written in the past month concerning synthetic diamonds being represented as natural diamonds. We at the DMIA believe that it is imperative that the industry respond immediately and forcefully.
DMIA issued a formal call to action 18 months ago in May of 2012 (reprinted below in its entirety) and do so again now. In our view, one of the major problems in attacking this issue is the lack of cohesion from stakeholders all of whom are rightfully very concerned.
As an industry leader DMIA is indeed making progress as we are in constant contact with local as well as Federal law enforcement agencies, the United States Department of State, and our domestic industry leaders; among them GIA, JA, AGS, MJSA, JVC, to mention just a few.
We once again call on the international and domestic leaders from industry, law enforcement, and laboratories to physically gather together as soon as possible and for as long as is necessary to finalize the best approach.
To that end, we reiterate today that we are ready to host a conclave in New York City and will work immediately with our colleagues to make it a reality.
Ronnie VanderLinden, President
Diamond Manufacturers & Importers Association of America
Blue Nile’s sales rose 20 % year on year for the third quarter of 2012. Turn over for the third quarter was $89.8 million.
4 quarter sales are expected between $140 million and $153 million, compared with $112 million in the fourth quarter of 2011.
We are excited to report solid results in the third quarter, with accelerating revenue growth and expanding earnings per share, Said Blue Nile.
With continued steady execution of our strategy coupled with exciting product offerings for the holiday season, we believe we are well positioned to achieve our goals for 2012.
