According to a press release by the diamond dealers club of South Africa fraudulent certificates has been identified and verified by both laboratories.The certificated accompany undisclosed high pressure-high temperature (HPHT)-treated stones. On Wednesday, that is a day after the announcement of fraudulent certificated by the diamond club of South Africa the Jewellery Council of South […]
Category Archives: Diamonds
In the second quarter of 2009 the prices of rough diamonds strengthened at the Letseng Mine in Lesotho according to Rapaport diamond news. In the second quarter the average price per carat for Letseng Diamonds is $1,496- up 47% compared to the average price per carat in the first quarter of 2009. However this price […]
Photo above, Matthew A Runchi- President and CEO of Jewelers of America. The trade association for fine jewelry retailers in USA, Jewelers of America (JA) has announced a partnership for educational purposes with the Diamond Council of America (DCA). This partnership will provide JA members special access to DCA education and membership. According to a […]
The shares of the online retailer Blue Nile NASDAQ:NILE were up on Tuesday after Citigroup upgraded the company from ‘hold’ to ‘Buy’. The shares soared by up to 11%. Analysts say that improving polished diamond prices contributed to a better second quarter. There was also improvement in the rate of decline of revenues. What makes […]
Despite the weak demand and falling prices of rough diamonds this year De Beers is expecting to make a profit. According to rapaport news De Beers is hoping to cut $1.5 billion in operational and capital costs which would help their bottom line. De Beers also scaled down its production of rough diamonds by 91% […]
In an effort to promote Botswana diamonds in the United States of America, the American actress Kim Kardashian is to visit Botswana. According to the head of De Beers in Botswana, Sheila Khama, she will be one of the participants in the diamond forum – a group helping to promote diamonds from Botswana. Other prominent […]
The head of the investigating team from the Kimberly Process Certification Scheme which monitors blood diamonds, Mr Kpandel Fayia has accused the Zimbabwe military for gross human rights violations. According to the financial gazette Zimbabwe, an interim report accused the government as well as the military for the violations. The team also said that the […]
According to the data released by the diamond controller, Shmuel Mordechai at the Trade and Labour Ministry, Israel there was a 58.3% drop in the export of polished diamonds compared to the same period last year. Polished diamond exports during the first half of this year totalled US$ 1.58 billion. The declining trend in diamond […]
The Dubai Diamond Exchange (DDE) has set up a state of the art diamond boiling facility in the Almas Tower. Boiling of diamonds removes dirt and other trace materials from rough and polished gemstones. Boiling is very useful especially when large quantities of diamonds have to be cleaned. The Executive Chairman of the DMCC, Ahmed […]
The Gem and Jewellery Exports Promotion Council (GJEPC) is organizing two shows in August 2009. The first show which will be held from August 4-5 2009, is the first ever India Diamond and Coloured Stone Show (IDCS) 2009. The main aim of this show is to showcase the manufacturing skills of Indian diamond and colored […]