Headlines

GIA's Tom Moses To Speak At CARAT+Show In Antwerp

GIA Executive Vice President and Chief Laboratory and Research Officer Tom Moses will speak at a GIA GemFest during the May 6 to 8 CARAT+ show in Antwerp, the organizers said.

Moses will speak at the GIA GemFest on a current gemological topic.

Bharat Diamond Week to Benefit From New Direct Flights From Israel

A new direct flight between Israel and India will boost the first edition of the Bharat Diamond Week at the Bharat Diamond Bourse (BDB) in Mumbai, India. The BDB is expecting thousands of visitors from India and abroad to take part in the April 23-25 international diamond week. Some 150 Indian companies will be exhibiting polished diamonds to buyers from across the world at the show which the BDB plans to hold twice a year.

Tiffany & Co. Reports Worldwide Net Sales Up 4% To $4.2 Billion

Tiffany & Co. posted a global net sales increase of 4% to $4.2 billion in its financial year ended January 31, 2018.

The results reflected sales growth in most regions and across most jewelry categories; comparable store sales were equal to the prior year and were consistent with guidance previously issued.

Crimes Against U.S. Jewelry Fms Up 12% In 2017 - Jewelers’ Security Alliance

The Jewelers’ Security Alliance (JSA) said the total number of crimes committed against U.S. jewelry firms jumped by 12% to 1,394 in 2017 from 1,245 in 2016, according to the JSA's Annual Crime Report for 2017.

The total dollar losses from crimes committed against U.S. jewelry firms decreased by 0.4%, however, to $72.1 million in 2017 from $72.4 million in 2016.

New Screening Service for Manufacturers Operating in SEEPZ by IGI

Screenings to determine the origin of diamond inventory for manufacturers operating out of SEEPZ (Santacruz Electronics Export Processing Zone) in Mumbai in order to ensure only natural diamonds are part of merchandise offered to consumers are to be offered by the International Gemological Institute (IGI).

IGI is the only full-fledged laboratory with state-of-the-art equipment for diamond and diamond jewelry grading to introduce this type of screening for mounted diamond jewelry and loose stones in SEEPZ, the lab said.

New Commercial Polished Diamond/Synthetic Detector Launched by ALROSA in Russia

ALROSA is launching its first national commercial device for the identification of natural and synthetic polished diamonds – the ALROSA Diamond Inspector.

"The company expects that its relatively low price and high accuracy will allow the detector to be in demand both in Russia and abroad. It will help fight unscrupulous suppliers who mix synthetic stones grown in the laboratory with diamonds of natural origin."

Successful 2017 Leads Forevermark to Enter Major European Markets

De Beers has announced that its Forevermark diamond brand will enter the German market after signing with an exclusive licensee partner, and is also in advanced-stage discussions with potential partners in France and Italy.

The expansion into new European markets comes on the back of a successful global performance throughout 2017 and in 2018 to date, the company said.

Idar-Oberstein Bourse Again Hosts WFDB Presidents and Spouses at ExCo Meeting

By Albert Robinson

WFDB Communications and Media Consultant

It was a cold and rainy night as I arrived at the Park Hotel in Idar-Oberstein on March 10. But that was in stark contrast to the warmth of the greeting from Dieter Hahn and bourse President Jochen Muller the following day as they welcomed me, and the WFDB Presidents taking part in the WFDB Executive Committee meeting, hosted once more by the German Diamond and Gemstone Bourse.