Auction Sales Launches 3rd Party Polished Diamonds B2B Pilot Program

De Beers' Auction Sales business will offer midstream diamond companies the opportunity to sell certain types of polished diamonds to other trade participants on its auction platform, the company said.

The new limited scope, business-to-business pilot is an extension of the service for rough diamonds that was launched earlier this year. It follows existing customer demand for an equivalent service for their polished diamonds. As with the third party rough diamond auction pilot, any seller wishing to use the service will need to comply with a range of ethical requirements.

Surat Units Start Closing Down for Diwali Holiday

Media reports from India said that many smaller and medium-size diamond firms in Surat had already started closing down for the country's close to three-week long Diwali holiday a week before the vacation was due to begin.

The Diwali vacation starts on October 30, with millions of workers across the country leaving their workplaces to spend the holiday with their families.

Construction Work Starts at Surat Diamond Bourse

Building work has started on a diamond bourse project near Surat, India's diamond manufacturing center.

The official start of the construction work was held in the presence of Gujarat Chief Minister Vijay Rupani.

GIA Identifies 5-Carat CVD Synthetic Diamond

The GIA recently identified a Chemical Vapor Deposition (CVD)-grown synthetic diamond that weighed more than five carats.

The 5.19-carat cushion modified brilliant stone measures 10.04 × 9.44 × 6.18 mm and was submitted to GIA’s Hong Kong laboratory for grading without being disclosed as a synthetic stone.

The GIA said the lab’s standard screening and testing processes uncovered it as a CVD synthetic diamond.

World Diamond Mark Mourns Death of Cheng Yu-tung GBM, founder of Chow Tai Fook

The Chairman and Board of the World Diamond Mark Foundation (WDMF) mourn the passing of Mr. Cheng Yu-tung GBM, founder of the Chow Tai Fook Jewellery Group.

Mr. Cheng was one of the pillars of the diamond, gem and jewellery retail industries in Hong Kong and greater China. His vision, reach, resolve and success in developing consumer demand in the world's largest consumer market remain unmatched and will long be remembered.

World Diamond Mark Foundation Executive Committee Members Hear of Latest Developments

The Executive Committee of the World Diamond Mark Foundation (WDM) met in Hong Kong during the September Hong Kong Jewellery & Gem Fair.

WDM Chairman and CEO Alex Popov noted that the Hong Kong fair was an excellent opportunity to gather board members and report on the WDM's activities and progress.

World Diamond Mark launches revamped B2B website

Hong Kong, September 21, 2016: The World Diamond Mark (WDM), the not-for-profit organisation that was established in 2012 by the World Federation of Diamond Bourses (WFDB) to assist retail jewellers in selling more diamonds and to advance generic diamond promotion and advertising among consumers, has launched a completely revamped B2B website, at www.worlddiamondmark.org.

IDE President Yoram Dvash Optimistic Following Hong Kong Show

The sentiment among returning Israeli exhibitors at the close of the September Hong Kong Jewellery & Gem Fair was optimistic, says Israel Diamond Exchange (IDE) President Yoram Dvash.

“In contrast to the last several years, this year’s show was marked by very good traffic. Buyers came in large numbers, and in addition to buyers from India, who come every year, there were many buyers from other East-Asian countries.”