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The Diamond Disconnect
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There is a continued disconnect between rough and polished diamond prices. Therefore, any expectations that polished prices will increase on the back of recent rough price hikes are an illusion. Polished suppliers should not expect...
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Rough Markets
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May 24, 2013
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Avi Krawitz
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Lucara's Special Diamond Tender Nets $25M
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Lucara Diamond Corporation held a special tender of Karowe diamonds on May 22, which consisted of 15 single lots of diamonds. All 15 stones were sold for $24.85 million or $30,468 per carat. The highest value stone was...
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Rough Markets
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May 22, 2013
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Jeff Miller
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Marketing
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May 22, 2013
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Jeff Miller
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NCDIA Plans a Brown Diamond Conference for October
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Press Release: After a successful conference on blue diamonds at the Gemological Institute of America's (GIA) Education Center in New York, the Natural Color Diamond Association (NCDIA) board announced it was planning an even larger event —this...
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Gemstones
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May 22, 2013
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NCDIA
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Mining
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May 20, 2013
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Jeff Miller
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Grunberger Diamonds Opens Jewelry Design Competition
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Press Release: Grunberger Diamonds Inc., the world’s largest producer of AGS 0 Ideal Cut Hearts and Arrows Diamonds, is pleased to announce their 2013 Grunberger Jewelry Design Competition. This international competition is intended to showcase the extraordinary brilliance and fire of Grunberger Precision Cut Diamonds by featuring them...
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Manufacturing
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May 20, 2013
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Grunberger Diamonds
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U.S. Jewelry Price Inflation -1% in April
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The U.S. consumer price index (CPI) for jewelry eased again in April, falling 1.2 percent year on year to 174.96 points in response to weaker prices for precious metals. The CPI was a little more than...
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Research
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May 17, 2013
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Jeff Miller
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Hong Kong's 1Q Polished Imports +4%
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Hong Kong’s polished diamond imports rose 4 percent year on year to $4.485 billion in the first quarter of 2013, according to data published by the Diamond Federation of Hong Kong China Limited. By volume, the imports increased 5 percent...
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Polished Markets
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May 16, 2013
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Avi Krawitz
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Belgium's April Polished Exports +23%
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Belgium's April polished diamond exports grew 23 percent year on year to $1.157 billion in April, according to the Antwerp World Diamond Centre (AWDC). By volume, polished exports fell 9 percent to 533,128.25 carats as the average price of the...
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Polished Markets
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May 16, 2013
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Deena Taylor
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Christie's Geneva Sale Totals $102M
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Christie’s Geneva sale of magnificent jewels totaled $102.1 million (CHF 98.8 million) with the top lot setting a record auction price for a colorless diamond. The auction sold 86 percent by lot and 93 percent by value....
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Polished Markets
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May 16, 2013
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Avi Krawitz
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Christie's Geneva Spring Sale of Magnificent Jewels
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Christie’s Geneva will offer its spring sale of Magnificent Jewels on May 15, led by a truly sensational 101.73-carat, D, flawless, pear-shaped diamond along with more than 300 other lots. Christie's expects the sale to fetch...
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Polished Markets
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May 14, 2013
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Rapaport News
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De Beers Raises Prices 4% at Its $600M May Sight
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The De Beers May sight had an estimated value of $600 million as the company raised its rough diamond prices by approximately 4 percent. The price hike reflected a change in list prices on various goods as well as adjustments made...
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Rough Markets
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May 14, 2013
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Avi Krawitz
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JNA Extends 2013 Awards Deadline to May 22
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Jewellery News Asia (JNA) extended the deadline to enter its 2013 jewelry and gemstone JNA Awards to May 22. The JNA Awards recognizes industry accomplishments, innovation and creativity across Asia. Judging of the...
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Marketing
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May 13, 2013
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Jeff Miller
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Fair Trade
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May 13, 2013
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DEF
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Public Comment Period Opens for Renard Diamond Project
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The Canadian Environmental Assessment Agency is conducting a comprehensive environmental assessment on Stornoway Diamond Corporation's Renard diamond project in Quebec and opened the public commenting period. Stornoway is proposing to develop the diamond mine on its Foxtrot...
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Mining
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May 10, 2013
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Jeff Miller
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Gemstones
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May 10, 2013
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AGA
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Demand Driven Ethics
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The diamond industry should be encouraged by new initiatives to enhance the integrity of the global supply chain, not be threatened by them. Therefore, criticism of the April 30 meeting in Paris to discuss responsible supply chains for precious stones...
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Fair Trade
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May 10, 2013
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Avi Krawitz
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Rockwell Diamonds' 4Q Revenue +19%
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Rockwell Diamonds Inc. reported a 19 percent year-on-year increase in sales to $7.2 million for the fourth fiscal quarter that ended on February 28. The company sold 5,308 carats during the period at an average price of $1,355...
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Mining
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May 08, 2013
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Jeff Miller
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Polished Markets
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May 08, 2013
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Jeff Miller
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Marketing
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May 08, 2013
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Kama Schachter
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