Headlines

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.

Sierra Leone President, Ministers Visit Israel Exchange

Israel Diamond Exchange (IDE) President Yoram Dvash and bourse management hosted the President of Sierra Leone, Ernest Bai Koroma, his officials, staff of the Israeli Foreign Ministry and Israel's Ambassador in Sierra Leone at the exchange.

Ernest Bai Koroma, President of the Republic of Sierra Leone, visited the exchange as part of an official visit to Israel. The IDE President, Yoram Dvash, and IDE Board members hosted Ernest Bai Koroma in the Conference Room of the IDE.

WFDB Bourse Members Invited to Participate in 8th BrilliAnt Fair

WFDB-affiliated bourse members are being invited to participate in the 8th BrilliAnt - Antwerp Diamond Trade Fair taking place from January 29-31.

The event will again be held in the trading halls of the Antwerp Diamond Bourse and the Diamond Club of Antwerp. The Fair is a joint initiative of the Bourse, Club and the Antwerp Diamond Kring, and is powered by the Antwerp World Diamond Centre (AWDC).

London Diamond Bourse Holding Open Day Event

The London Diamond Bourse (LDB) will hold its next Open Day event on January 23.

The LDB's Chief Operating Officer, Victoria McKay, said, “Members of the London Diamond Bourse are able to service the day-to-day sourcing requirements of the jewelry industry.

Registration for International Diamond Week Outstrips Expectations

The sixth International Diamond Week in Israel (IDWI), to be held from February 13 to 16, is generating great interest among buyers internationally, with registration proceeding at a record pace.

According to the Israel Diamond Exchange (IDE) which is organizing the event, the number of registered buyers is expected to exceed previous attendance records by several hundreds.