RAPAPORT... The Gemological Institute of America (GIA) has uncovered atreated diamond carrying a false inscription that fraudsters had apparentlycreated to make the stone appear untreated. Swindlers appear to have carefully selected a grading reportfor an untreated diamond with extremely similar characteristics to theirtreated stone, and created a fake GIA laser imprint on the treated stone'sgirdl...Read More
(IDEX News) - India's Gem and Jewellery Export Promotion Council (GJEPC) said that De Beers' plan to launch a jewelry line set with colored lab-grown diamonds "will drive clear differentiation and categorization in the diamond product category among consumers." Customers and owners of real diamonds across the world will be able to differentiate between synthetic stones and natural...Read More
RAPAPORT... A University of Oxford spinout has created laser technology that tackles counterfeiting of diamonds by placing a permanent mark on stones. Opsydia uses high-precision lasers to etch imprints - such asnumbers or logos - smaller than one-50th the size of a human hair below thesurface of a diamond. Because of their placement inside the diamond, the laseretchings cannot be polished off. T...Read More
(IDEX News) - The GIA's sixth International Gemological Symposium, to be held from October 7-9 in Carlsbad, CA, will close with "Futurescape Forum," featuring six prominent leaders from across the trade discussing the industry's trajectory. These will include rapid advancements in research and technology, changing consumer tastes, shifting norms for miners, manufacturers and retailers, and...Read More
RAPAPORT... Revenue and profit grew sharply in the past fiscal year atAsian Star, a Mumbai-based diamond manufacturer, the company reported. Revenue increased 12% to $580.2 million (INR 39.13 billion)for the 12 months that ended March 31, including at its subsidiaries, the cutting-and-polishingfirm said last week. Net profit soared 65% to $16.2 million (INR 1.09 billion). Diamond sales rose 11% to...Read More
(IDEX News) - Aysen S. Nikolaev, who until recently served as the Mayor of Yakutsk, capital of the Republic of Sakha (Yakutia) Republic, was appointed as acting Governor of the Republic of Sakha by Vladimir Putin, President of the Russian Federation, the Moscow Diamond Bourse said in a statement. He recently visited Israel, with his visit being coordinated by Alex Popov, President of the Mo...Read More
RAPAPORT... A necklace-and-earring set comprising jadeite and diamonds was the top seller at Phillips's Hong Kong sale, garnering $2.5 million,the auction house said Monday. The original estimate for the matching pieces at theImportant Jewels and Jadeite auction was $2.4 million to $3.8 million (HKD 19million to HKD 30 million). Other notable lots included a 33.02-carat Burmese sapphire anddiamo...Read More
(IDEX News) - The 35th edition of the India International Jewellery Show (IIJS) will take from August 9-13 at Bombay Exhibition Centre, Goregaon, the Gem and Jewellery Export Promotion Council (GJEPC) announced. The GJEPC expects around 40,000 domestic and international footfalls this year, adding that are expected to be 1,300 booths. There will be a special preview on August 8 for interna...Read More
RAPAPORT... An 8.01-carat blue diamond necklace was the top seller atChristie's Magnificent Jewels auction in Hong Kong on Tuesday. The pear-shaped, fancy vivid blue, internally flawless pieceby Moussaieff sold for just under $20.5 million, or $2.6 million per carat, Christie'ssaid. Its original estimate was $18.5 million to $24.9 million (HKD 145 millionto HKD 195 million). Other top lots at the...Read More
RAPAPORT... De Beers is launching a jewelry line featuring laboratory-growndiamonds - a venture that, according to CEO Bruce Cleaver, could eventually bring inrevenue of up to $200 million per year.That figure might be small compared with the miner's $6billion natural-diamond business, but Cleaver and his team are entering thesynthetics retail sector because they see an opportunity to make a profi...Read More
JOHANNESBURG (miningweekly.com) – The Lerala diamond mine, in the Palapye region of Botswana, on Wednesday sold for more than $8-million in an online auction, confirmed liquidity services and auctioneers GoIndustry Dovebid South Africa associate director John Taylor.The winning bidder, which will be confirmed later this week, and the auctioneers are currently handling the transfer of mining...Read More
RAPAPORT... The Gemological Institute of America (GIA) has uncovered atreated diamond carrying a false inscription that fraudsters had apparentlycreated to make the stone appear untreated. Swindlers appear to have carefully selected a grading reportfor an untreated diamond with extremely similar characteristics to theirtreated stone, and created a fake GIA laser imprint on the treated stone'sgirdl...Read More
RAPAPORT... A University of Oxford spinout has created laser technology that tackles counterfeiting of diamonds by placing a permanent mark on stones. Opsydia uses high-precision lasers to etch imprints - such asnumbers or logos - smaller than one-50th the size of a human hair below thesurface of a diamond. Because of their placement inside the diamond, the laseretchings cannot be polished off. T...Read More
RAPAPORT... Revenue and profit grew sharply in the past fiscal year atAsian Star, a Mumbai-based diamond manufacturer, the company reported. Revenue increased 12% to $580.2 million (INR 39.13 billion)for the 12 months that ended March 31, including at its subsidiaries, the cutting-and-polishingfirm said last week. Net profit soared 65% to $16.2 million (INR 1.09 billion). Diamond sales rose 11% to...Read More
RAPAPORT... An 8.01-carat blue diamond necklace was the top seller atChristie's Magnificent Jewels auction in Hong Kong on Tuesday. The pear-shaped, fancy vivid blue, internally flawless pieceby Moussaieff sold for just under $20.5 million, or $2.6 million per carat, Christie'ssaid. Its original estimate was $18.5 million to $24.9 million (HKD 145 millionto HKD 195 million). Other top lots at the...Read More
Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX and NASDAQ: MPVD) today announces that it has entered into an understanding with Dominion Diamond Mines ULC ("Dominion"), which allows Mountain Province's customers to certify their qualifying polished diamonds under the Canadamark?,,? certification program.The Canadamark program is a strategic initiative of Dominion. Throug...Read More
NEW DELHI, May 29 (Reuters) - India is seeking rights to mine for gold and diamonds in Russia's resource-rich Far East, Trade Minister Suresh Prabhu told Reuters on Tuesday.Prabhu last week led an Indian delegation to attend the St. Petersburg International Economic Forum.India seeks to import gold and diamonds for value-addition before exporting them, the minister said.(Reporting by Neha Dasgupta...Read More
Anglo American's De Beers shocked the diamond market on Tuesday by announcing it will start selling jewellery containing man-made stones rather than precious rocks recovered from the ground, for the first time in its 130-year history.The pivotal shift for the world's No.1 diamond producer, which vowed never to sell synthetic stones, will begin in the US in September. There, the lab-made gems will...Read More
RAPAPORT... A 10.03-carat diamond ring was the top seller at Bonhams'sHong Kong auction, which saw a total of 163 lots sold for a combined $6.7million. The oval-cut, fancy brown-pink stone - flanked by a white diamond oneach side -went for $606,200 at the Rare Jewels and Jadeite sale, Bonhams said Tuesday.That was at the upper end of its pre-sale estimate of $395,000 to $636,000. "This piece was o...Read More
(IDEX News) - De Beers has announced the launch of a new company called Lightbox Jewelry that will begin marketing a new brand of laboratory-grown diamond jewelry under the Lightbox name in September, "offering consumers high-quality, fashion jewelry designs at lower prices than existing lab-grown diamond offerings." Lightbox lab-grown diamonds will retail from $200 for a quarter-carat ston...Read More