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Blog Archive 2004-12-01

‘Cultured Diamonds’ Term Used To Describe Synthetics Is Banned

Dec. 2004 A German court banned the term ‘cultured diamonds’ to describe synthetic diamonds, according to CIBJO, the World Jewelry Federation. The verdict was triggered by a case brought against Gemsmart, the German distributor for Gemesis synthetic diamonds, by the Central Office…
Blog Archive 2004-12-01

Diamond Grade Labs Must Help Diamond Treatment Disclosure

Dec. 2004 The International Diamond Manufacturers Association (IDMA), is calling on gem lab to implement its recommendations aimed at facilitating treatment disclosure. Those recommendations are: * Grading reports for all HPHT treated diamonds should be issued in a jacket-cover that’s a distinctly…
Blog Archive 2004-12-01

Diamond Conference At Antwerp In South Africa

Dec. 2004 Speaking at the Antwerp Diamond Conference, South African President Thabo Mbeki said that the diamond industry needs to help African countries create local jobs and boost development. He noted that, for many in Africa, diamonds are seen as a “curse,”…
Blog Archive 2004-12-01

Christies Has Best Jewelry Auction in London Since 1997: Diamond Registry, Loose Diamonds for Wholesale and Retail | Excepts from the Diamond Registry Bulletin

Dec. 2004 Christies Has Best Jewelry Auction in London Since 1997 – Dec.2004 Christie’s Important Jewels Auction in London on November 24 reached $8.6 million, 84% sold by lot, 88% by value. This is the highest total for an autumn jewelry auction…
Blog Archive 2004-12-01

Diamond Sale Rise Is Expected In 2005 by De Beers

Dec. 2004 The improving economy in the U.S. and growth in Asian countries like India and China will likely lead to sales growth in 2005, Gareth Penny, the managing director of the Diamond Trading Company, said. He added that “demand for diamonds…
Blog Archive 2004-12-01

: Diamond Registry, Loose Diamonds for Wholesale and Retail | Excepts from the Diamond Registry Bulletin Illicit Stones Still Major Problem In Angola, Officials Say

Dec. 2004 Angola is losing $350 million a year, or one million dollars a day due to illicit diamond traders, Mining Minister Manuel Africano said on Tuesday. More than 300,000 foreigners have been deported from Angola as part of a crackdown on…
Blog Archive 2004-12-01

: Diamond Registry, Loose Diamonds for Wholesale and Retail | Excepts from the Diamond Registry Bulletin GIA Cut Grade: Pros and Cons

Dec. 2004 In the latest Gem and Jewellery News, Harry Levy of the Gemmological Association of Great Britain lays out the pros and cons of the upcoming Gemological Institute of America cut grade. * Levy notes that the grade was spurred by…
Blog Archive 2004-11-01

Diamond Consumers’ Planning Shows Their Mood to Spend On Diamonds

Nov. 2004 The average consumer expects to spend $700 on the holidays, up 4.5% from last year, according to a National Retail Federation survey. Total holiday spending this year is estimated to reach $219.9 billion. A total of 22.6% of those surveyed…
Blog Archive 2004-11-01

Tiffany Diamond Contract with Canadian Diamond Mine

Nov. 2004 Tiffany, which already struck a deal to market stones from Aber Mining in Canada, co-owner of Diavik, is taking another stab at the diamond mining business. It just signed a deal to buy stones from Tahera, owner of the soon…
Blog Archive 2004-11-01

‘Forevermark’ Project Of DTC Launched By De Beers

Nov. 2004 The DTC officially launched the pilot for the Forevermark in Hong Kong. The Forevermark is De Beers’ plan to build confidence in diamonds, by having the mark stand for “genuine, natural, untreated, ethically sourced and exceptionally crafted” stones. Six sightholders…