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Blog Archive 2007-12-01

Fake Synthetic Diamonds Are Sold By Pawn Shop

December 2007 31-year-old Douglas Applewhite of Jacksonville, Florida, was recently accused of making millions of dollars off of nine pawn shops by selling them synthetic moissanite and telling them it was actually a diamond, according to a report in a local newspaper.…
Blog Archive 2007-12-01

eBay Illegal Diamond Sale – Tiffany Blaming eBay

December 2007 A Manhattan courtroom is the scene of a lawsuit where Tiffany is blaming eBay for the sales of silver Tiffany knockoffs sold on its site. James B. Swire, Tiffany’s lawyer, said eBay “simply turned a blind eye” to the sales.…
Blog Archive 2007-12-01

Hubs of Diamond Jewelry Are Constructed By GIA in New York

December 2007 We recently attended a press conference held by the promoters of the upcoming World Jewelry Center at the Waldorf-Astoria in New York. The conference was hosted by former GIA president William Boyajian, who is now heading the World Jewelry Center.…
Blog Archive 2007-12-01

Diamond Associations Requested DTC to Help America in Selecting Sightholders

December 2007 The Diamond Manufacturers and Importers Association has written to Diamond Trading Company director Varda Shine, asking her to support the American industry when it selects sightholders. Here are excerpts from the letter: “The merits of having American Sightholders and an…
Blog Archive 2007-12-01

Most Precious Diamond Was Offered For Auction

December 2007 The largest D-color white flawless brilliant-cut diamond ever to be offered at auction was acquired by Georges Marciano, founder of Guess Jeans, for nearly $16.2 million at Sotheby’s recent auction in Geneva. The 84-ct. diamond fetched the second highest price…
Blog Archive 2007-12-01

Diamond Stable Sale In Contrast To Other Precious Metals

December 2007 In the 1970s and 80s, diamond prices followed the gold and platinum market. But these days, the diamond market has kept its independence from precious metals and even from the stock market. Look at how other markets currently are doing:…
Blog Archive 2007-11-01

Diamond Sterling Factory Opened In India

November 2007 Sterling Jewelers, the largest specialty retail jeweler in the U.S. has opened the Signet Sourcing Manufacturing Unit, a dedicated unit which has just opened a factory in India. The Sterling facility employs 114 workers. The technology used in the factory…
Blog Archive 2007-11-01

Diamonds Found In Park at Arkansas in This Year

November 2007 The Crater of Diamonds State Park in Murfreesboro, Ark., was the site of a major find recently, when a Wisconsin man went prospecting and found a 3.92-carat stone. More than 700 stones have been found at the park this year.…
Blog Archive 2007-11-01

Diamond Holiday Sale Is Increasing Modestly

November 2007 Consumers will spend more on the 2007 holidays than they did last year, but overall spending will be restrained, according to a National Retail Federation survey. U.S. consumers plan to spend an average of $816.69 on holiday-related shopping, according to…
Blog Archive 2007-11-01

Diamond Retail Sale Is Growing Steadily Now

November 2007 Jewelers of America’s 2007 Cost of Doing Business Survey, which analyzes JA member stores’ financial data from 2006, showed that all retail categories showed sales growth in 2006. The median growth for all jewelers was 4.1% (up slightly from 3.9%…