Headlines

Alrosa to Showcase Unique Diamonds at IDWI

Large and unusual stones by Alrosa promise to be key attractions at the sixth International Diamond Week in Israel (IDWI) which will be held from February 13 to 16.

The special stones will be prominently displayed on the trading floor of the Israel Diamond Exchange (IDE).

Latest World Diamond Magazine Issue Mailed Out And Online for Viewing

More than 10,000 copies of the ninth issue of the World Diamond Magazine (WDMagazine) are currently being mailed and bulk shipped around the world to end up in the hands of many thousands of retail jewellers and other diamond, gemstone and jewellery professionals and to be placed in the magazine bins of international trade shows. It is also already available for downloading here: http://www.worlddiamondmark.org/our-activities#incuded-page-wdmagazine.

“We’re very pleased to have a good number of jewellery industry coaches, trainers and other writing for us on a regular basis,” said Ya’akov Almor, editor-in-chief and communication director of the World Diamond Mark (WDM). “This issue carries a wealth of articles about diamond jewellery marketing and branding; an WDMagazine update information about the Facets of Mankind – the World Diamond Museum; the Turkish jewellery trade; industry financing, the KP and rough diamond valuation, fancy coloured diamonds, developments in diamond grading, the investment diamond market, synthetic diamonds and a fascinating interview with Shira Ami who looks back at her 35 years as a diamond industry writer and editor.”

De Beers' Cleaver Says 'Collaboration, Preparation And Collective Progress Key To Success'

Bruce Cleaver, De Beers Group CEO, emphasized the importance of all parts of the diamond sector working together following the unpredictable events of a volatile 2016.

Commenting on the value of different parts of the diamond pipeline finding ways to work together more effectively, Cleaver told a reception of Global Sightholder Sales customers during the first Sight of 2017, “We have made some good steps in this direction, with greater collaboration across the value chain to stimulate demand, to share industry insight and to support pipeline efficiency. But we must continue on this path and maximize the impact of our combined efforts to grow industry value.”

Diamond-Set Coronet Guitar to be Highlight of BrilliANT Fair

On display at the upcoming eighth edition of BrilliANT, the Antwerp Diamond Trade Fair will be Aaron Shum's 'Eden of Coronet', a Gibson Guitar.

It is set with more than 400 carats of Coronet® diamonds in about 1.6 kg of 18K white gold and was awarded a Guinness World Records title for the Most Valuable Guitar in 2015 and has been valued at $2 million.

Tiffany & Co. Posts Slight Rise on Year in Holiday Season Sales

Tiffany & Co. says its worldwide sales for the two months ended December 31 were $966 million, up slightly from $961 million a year before.

Sales growth in Asia-Pacific and Japan were largely offset by lower sales in the Americas and Europe, with worldwide comparable store sales down 2%.

Demand for Colored Diamonds Rises on Investor Interest – Says All Street Journal Report

A report in the Wall Street Journal investigates investor interest in colored diamonds brought about by extremely low returns on investment options.

High-price purchases of colored diamonds by investors have become common in recent years as "part of a boom in niche over-the-counter luxury markets that were once the preserve of wealthy collectors", the paper reports.

Sierra Leone President Visits Israel Diamond Exchange

Israel Diamond Exchange (IDE) President Yoram Dvash and bourse management hosted the President of Sierra Leone, Ernest Bai Koroma and an entourage of ministers at the exchange.

The IDE's CEO, Eli Avidar, welcomed the president, his ministers.

The Ongoing Impact on the Diamond Market of Indian Demonetisation

By Richard Chetwode, industry consultant at Dfin, London/New York-based diamond industry financing specialists.

For the last three years, the diamond industry as a whole has had to re-adjust to a continuing withdrawal in bank funding to the middle of the pipeline, just as the double-digit demand growth in China and India came to an abrupt end. But against that, the largest market, the US, has continued to grow and the industry was in a reasonably good condition.