A recent article by Idex Online highlights some important facts relating to the current prices and sizes of diamond engagement rings. 98% of diamonds in the United States are sold set in jewelry, while only 2% are sold as loose diamonds. approximately 48 million diamond pieces are sold per annum. A upper-end jeweler (Guild jeweler) […]
Author Archives: Shereen Lareef
According to Rapaport Diamond News, jewelry sales for valentine’s day is expected to drop by 4.6% when compared with the valentine’s day sales in 2009. This is according to data by the IBISWorld. Jewelry sales this valentine is expected to be around US$ 1.3 billion, while total valentine day spending is expected to be about […]
The Israeli Diamond Institute Group of Companies (IDI) has signed a Memorandum of Understanding (MOU) on Monday the 4th of January 2010 with the All India Gems and Jewellery Trade Federation (GJF). The MOU is expected to establish cooperation between the two industries. In late November a similar MOU was signed between the IDI and […]
Rockwell Diamonds Inc. (TSX:RDI; JSE:RDI, OTCBB:RDIAF), a mid-tier diamond mining and development company has announced its financial results for the first six months ending August 31st 2009 of the first half of Fiscal 2010. Rockwell Diamonds is an alluvial diamond mining company with three active alluvial operations at Holpan, Klipdam, and Saxendrift. Wouterspan, a fourth […]
GemEx systems Inc. , a company which specializes in the light performance of diamonds is to start offering their services in the Manhattan’s diamond district. Their Proprietary Brilliance Scope Analyzer will also be available. Customers can make an appointment to have their stones examined. Testing is done using 5 different light measurements so as to […]
Surat the diamond city of India is thriving once again. The Indian diamond cutting center located in the state of Gujarat was severely affected by the global economic downturn because diamonds are luxury goods which are the worst affected during any recession. It is widely believed that the rapidly growing economies of the Middle East, […]
Harry Winston posted a loss in the second quarter due to reduction in demand for diamonds and a drop in diamond prices. However the prices of diamonds have rebounded from the first quarter. The Q2 loss was $0.32 per share (One year before they had a profit of $0.81 per share. Harry Winston has a […]
The AGTA (American Gem Trade Association) has announced on July 29th that it is closing its gemological testing center (GTC) in New York effective immediately. The lab which opened in 1988 is closing down because they do not have enough business to sustain operations. The AGTA GTC has stopped accepting any gemstones for grading. All […]
Image courtsey Christie’s A large and rare diamond named the Annenberg Diamond is to be sold on October 21st in a magnificent jewels sale in New York. The diamond a 32-carat emerald cut internally flawless set in a ring is expected to fetch between US$3 to 5 million. The ring which was designed by the […]
The Irish owned West Africa Diamonds (WAD), an AIM listed company sold its first parcel of diamonds from its Bomboko mine in Guinea. The mine is 100% owned by WAD. The diamond parcel which was sold in Antwerp weighed 433 carats and fetched $50,270. A large stone in the parcel which weighed 16.27 carats was […]