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Polished Markets
Suit Alleges Jeweler Committed Fraud With Bogus Certifications
(RAPAPORT) Associated Press: A Tennessee jewelry store is being sued after a customer accused them of selling diamonds for more than the jewels are worth. Nashville resident James Wells filed the case Tuesday against...
Financial-Legal Jul 23, 2014 Associated Press
India Arch
India's Polished Diamond Exports -1% in June
India's polished diamond exports declined 0.7 percent year on year in June to $1.469 billion, according to provisional data that was collected by the Gem & Jewellery Export Promotion Council. By volume, polished exports fell 4 percent...
Manufacturing Jul 23, 2014 Jeff Miller
IGI Launches Mobile App, Announces Jaipur Lab Opening
The International Gemological Institute (IGI) launched its new consumer mobile application for Android/iOS titled “my Diamond, my Jewelry” at the India International Jewellery Show (IIJS) in addition to offering a live grading lab.During the show,...
Research Jul 23, 2014 Jeff Miller
ruby diamond ring
Gubelin Adds New Disclosure Option for Gemstone Reports
The Gubelin Gem Lab is launching a new option that it calls the ''next generation" of disclosure for laboratory-issued gemstone grading certificates. Traditionally, gemstone certificates have been issued without disclosing the identity of the party...
Gemstones Jul 23, 2014 Jeff Miller
jewelry show
JA NY Winter Show Moves to January
JA New York will host its annual winter jewelry show from January 18 to 20, 2015, several weeks earlier than previous winter shows in an effort to meet industry demands for a stand alone show that won’t...
Marketing Jul 23, 2014 Jeff Miller
nrf 2
NRF Revises U.S. Retail Growth Slightly Lower for 2014
The National Retail Federation (NRF) lowered its retail sales growth forecast slightly for 2014 to 3.6 percent from a previous prediction of 4.1 percent in large part due to a weak first half. The organization anticipates...
Retail Jul 23, 2014 Jeff Miller
Swatch Group Revenue +9%, Profit -12%
Swatch Group's sales increased 8.5 percent year on year to $5 billion (CHF 4.535 billion) at constant exchange rates in the first half year that ended on June 30. An overvalued Swiss franc strengthened further against currencies...
Watches Jul 23, 2014 Jeff Miller
jtv gem-a
Gem-A Appoints Vivien Johnston as Ethics Manager
The Gemmological Association of Great Britain (Gem-A) appointed Vivien Johnston as the group's new ethics and corporate social responsibility manager. The role was created following the latest World Jewellery Confederation (CIBJO) congress...
Fair Trade Jul 23, 2014 Jeff Miller
Ekati Mine
Dominion Updates Mine Plan for Ekati
Dominion Diamond Corp. updated its mine plan for the Ekati diamond mine in Canada, which has a life expectancy through 2020. The company also confirmed that the Misery pipe, which was previously...
Mining Jul 23, 2014 Deena Taylor
De Beers Diamond Sorting
De Beers July Sight Estimated at $775M
The De Beers July sight closed with an estimated value of $775 million. De Beers reportedly raised prices slightly on most goods by 1 percent to 2 percent with sharper hikes in the prices of smaller and lower-quality diamonds. Sightholders noted...
Rough Markets Jul 23, 2014 Ronen Shnidman
US Patent and Trademark Office logo
USPTO Approves 'Diamond Illusions,' 'The Clear Light Cut,' Other Trademarks
The U.S. Patent & Trademark Office (USPTO) approved the trademark "Diamond Illusions" on July 15 with the registration number 4569873 for Columbia Insurance Company of Omaha, Nebraska, which handles trademarks on behalf of Berkshire Hathaway....
Financial-Legal Jul 22, 2014 Jeff Miller
Trans Hex Operation
Trans Hex Sells Pioneer Minerals for $3M
The Trans Hex Group agreed to sell its 100 percent interest in subsidiary Pioneer Minerals Ltd. for about $3.3 million (ZAR 35 million) to Bondeo 140 CC. The deal marks a final step in Trans Hex's...
Mining Jul 22, 2014 Jeff Miller
Judith ripka
KGK Jewellery Licenses Judith Ripka Brand
Xcel Brands Inc., the parent company of the Judith Ripka label, signed an exclusive licensing agreement with KGK Jewellery Manufacturing Ltd. to take over the wholesale jewelry business under the Judith Ripka brand....
Marketing Jul 22, 2014 Jeff Miller
Jewelers of America
JA Applauds Introduction of Internet Tax Fairness Act
Press Release: Jewelers of America (JA), the national trade association for businesses serving the fine jewelry marketplace, welcomes the U.S. Senate’s introduction of the Marketplace and Internet Tax Fairness Act (MITFA) and...
Marketing Jul 22, 2014 JA
Jewelry Prices
U.S. Jewelry Price Inflation -5%, Watches -1%
The U.S. consumer price index (CPI) for jewelry declined 4.5 percent year on year to 170.83 points in June. However, the reading was a touch higher than the index for both May and April....
Manufacturing Jul 22, 2014 Jeff Miller
De Beers Logo
De Beers Updates Rough Allocation Process for Sightholder Sales
Press Release: The De Beers Group of Companies updated the model for the allocation of rough diamonds by global sightholder sales in respect with the March 2015 to March 2018 contractual period.Around 90 percent of De Beers rough diamond...
Rough Markets Jul 22, 2014 De Beers
Panama Diamond Exchange
Panama Diamond Exchange's President to Visit India & New York
Press Release: With more than 40 of the 59 available offices in the first phase of the Panama Gem & Jewelry Center already accounted for, Erez Akerman, the president of the Panama Diamond Exchange, is visiting the...
Polished Markets Jul 22, 2014 Panama Diamond Exchange
ALROSA's Udachniy mine
Global Diamond Production +11% to $14B in 2013
Global diamond production by value rose 11 percent year on year to $14.09 billion in 2013, due mainly to an increase in the average price of rough diamonds, according to annual data published by the Kimberley Process Certification Scheme. By volume, global...
Mining Jul 22, 2014 Avi Krawitz
Rio Tinto
Bunder Project’s Education Initiatives Deliver Strong Results
Press Release: Rio Tinto’s Bunder project in the central Indian state of Madhya Pradesh is delighted to announce the results of a number of educational initiatives aimed at improving opportunities for families in the 15 communities surrounding the diamond project....
Mining Jul 22, 2014 Rio Tinto Diamonds
design awards
WJA Awards $16K in Scholarships to Eight Students
The Women's Jewelry Association (WJA) awarded $16,000 in scholarships for the 2014 to 2015 school year to eight students in undergraduate and graduate degree programs for jewelry and metalsmithing. Annual scholarship funds are raised...
Marketing Jul 21, 2014 Jeff Miller
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