Over 100,000 online voters participated in the selection of the new setting for the Hope Diamond from the 18th of August to the 7th of September. The voters had to select one out of three settings designed by Harry Winston. The three settings were named Journey of Hope, Embracing Hope and Renewed Hope. Journey of […]
Category Archives: Diamonds
The world’s third largest mining company, the Rio Tinto Group is to resume work on its expansion plans at the Argyle diamond mine next year. The resumption of the expansion plans follows recovery in the global jewelry demand. According to the Chief Operating Officer, Kevin McLeish, underground production at Argyle, the world’s largest diamond mine […]
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 $0.81 per share. Harry Winston has a […]
About 20 lots of some small diamonds and gemstones are to be auctioned by the U. S. Department of Treasury on September 23rd 2009. VSE Corporation and Rick Levin & Associates, Inc. is to conduct the auction on behalf of the U.S. Department of Treasury. Other participating agencies include U.S Custome and Border Protection, U.S […]
A gang smashed and stole a briefcase full of diamonds from a diamond brokers car. It is described as the three minutes that changed his life .The diamond broker Peter Kaplan, who is from New Port, North Carolina just arrived at Albuquerque, New mexico where he and his wife stopped briefly at a restroom when […]
De Beers made the biggest sale this year in August 2009. The sale that amounted to US$ 475 million was the seventh sale this year. According to Bloomberg the total sales of De Beers so far this year is US$ 2.2 billion, this is the lowest in over twenty years. The Diamond Trading Corporation (DTC) […]
Gem Diamonds expects a better profit during the second half after posting a 31% fall in the first half pf 2009. The company also noted that they do not expect a dramatic increase in the diamond prices, therefore the company is not expecting to restart mining at any of its closed mines. The closed mines […]
A new diamond sealing service has been launched by the Gemological Institute of America (GIA). The launching of the service was at the 26th IIJS (India International Jewellery Show). Donna Baker, the CEO and President of the GIA and Nirupa Bhatt made the announcenent at the show. Nirupa Bhatt is the managing director of GIA […]
Su-raj Diamonds and Jewelry (UP 20%) First fiscal quarter sales ending June 30th 2009 by Su-raj Diamonds and Jewellery was up by 20% to $143.5 million (INR 6.86 billion). There was a corresponding increase in profit to $2.5 million (INR 121.7 million), according to a note the company sent to the Bombay Stock Exchange (BSE). […]
Retail sales of diamonds in China topped $300 million during the first half of 2009. This made China among the top 3 biggest diamond consuming countries of the world. According to the Global Times, China is the only country where the demand for diamonds has been on the rise despite the current recession. This is […]