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Archive

Blog Archive 2006-12-01

Diamond Hijacking By Terrorists Is Not Possible

December 2006 The diamond industry is applauding action recently taken by the G8 Summit that will ensure that diamonds are not hijacked by terrorists. “We have voluntarily agreed to regulation so that both the diamonds and currency we handle remains untainted,” said…
Blog Archive 2006-12-01

De Beers Maintained Diamond and Court Also Approved This Case

December 2006 The Bushmen in Botswana won a court ruling for “wrongly being evicted” from their ancestral land. Some of the Bushmen’s representatives had said the evictions were due to diamonds. However, Justice Unity Dow, who ruled in favor of the Bushmen,…
Blog Archive 2006-12-01

Death Of Diamond Dealer When Police Raided His House

December 2006 Nikhil Manilal, 45, the Managing Director of diamond company Beltaj NV, died, reportedly of heart failure, when his house was raided by the police in what was described a tax investigation Antwerp. Amar Sinha, spokesman of the Indian Embassy in…
Blog Archive 2006-12-01

Sierra Leone’s Diamond Industry Is Hurt By Blood Diamond Movie

December 2006 Sierra Leone officials say they are worried the “Blood Diamond” movie, about the war in Sierra Leone in 1999, will actually hurt the country as it rebuilds its diamond industry. “I am worried the film may be detrimental to the…
Blog Archive 2006-12-01

FTC Cultured Diamond Guide Provide Standard Diamonds To Customers

December 2006 Eleven trade associations are asking the FTC to add the term “cultured” to the list of terms that are unfair or deceptive to use in conjunction with manufactured jewelry industry products. The group request that the FTC pass the proposed…
Blog Archive 2006-12-01

Consumer’s Diamond Cut Awareness Is Helpful in Purchasing Diamond

December 2006 For many years, cut did not appear on grading reports, and jewelers basically ignored it. In the last decade consumers have become more aware of cut, but we are a little worried they have become too aware. There is no…
Blog Archive 2006-11-01

Many Diamond Consumers Are Aware About the New Movie” The Blood Diamond”

November 2006 Consumer awareness of the upcoming movie, “The Blood Diamond,” has doubled since June, according to a follow-up Internet survey. However, fewer respondents intend to see the movie than initially reported. According to a study of 2,942 Jewelry Consumer Opinion Council…
Blog Archive 2006-11-01

Ivory Diamond Smuggling In Mali and Ghana

November 2006 A report to the United Nations Security Council has found that a significant volume of conflict diamonds from the rebel-held area of Côte d’Ivoire (Ivory Coast) is entering the legitimate diamond trade. The U.N. Security Council imposed a diamond embargo…
Blog Archive 2006-11-01

Diamonds In Africa Are Producing Funds For The Welfare Of The Country

November 2006 Ministers and senior government officials held a one-day meeting in Africa recently to discuss the good diamonds are doing for their countries. A statement from the conference, organized by the De Beers Group, said, “Sixty-five percent of the world’s diamonds…
Blog Archive 2006-11-01

Synthetic Diamond Grade Is Approved By GIA

November 2006 The Gemological Institute of America (GIA) will begin accepting synthetic diamonds for grading starting in January. GIA had previously announced it would grade synthetics a month ago. But some synthetic manufacturers remained unhappy about the language, since on the first…
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