31 May
Example of a GIA report with proprietary cut name listed(the Centauri Cut is not an actual proprietary cut)
The Gemological Institute of America (GIA) announced that under its Proprietary Cut program, clients can now opt to have branded cut names listed on the report along with the diamond shape and cutting style description. GIA said that clients who want to participate participate in this program will be required to provide supporting documentation, including diamond facet arrangement. Only clients who have completed the documentation will be able to submit diamonds as part of this program. The service is offered at no additional charge.
31 May
After having opened its first diamond testing and grading laboratory in Ramat Gan, Israel earlier this year, Sarine Technologies Ltd. has just opened its second laboratory in Mumbai. The lab offers reports covering the broadest range of diamond information available in the market today, including AI-based automated 4Cs grading, diamond authentication, treatments verification, light performance, the Sarine Diamond Journey rough-to-polished documentation, advanced interactive diamond imaging, and more. Sarine CEO David Block said, “The Mumbai lab's opening is a critical step. It will enable us to provide an efficient, local solution for our high-volume retail customers, by certifying their diamonds immediately after they are polished. This will allow the majority of retailers, who buy...
30 May
Responding to the announcement of De Beers launching its own brand of synthetic diamond jewellery, the Gem & Jewellery Export Promotion Council (GJEPC) said it expects that with the introduction of branded, synthetic diamonds, De Beers will drive clear differentiation and categorisation in the diamond product category amongst the consumers. In a press statement, the GJEPC added that synthetic or laboratory-grown diamonds are a completely different product and can't be compared to natural diamonds which derive their value from being natural, precious and rare. A natural diamond stands for the most precious emotions and is a luxury product with a timeless appeal. The GJEPC said that the De Beers move would also position natural diamonds as being unique, premium and luxury. The GJEPC...
29 May
Stephen Lussier
The Diamond Producers Association (DPA) released a statement in response to the De Beers announcement that it was launching a synthetic diamond jewellery brand Lightbox. The DPA statement said: The Board of the Diamond Producers Association acknowledges the decision of the De Beers Group of companies to enter the synthetic diamond market through its subsidiary Element Six. The DPA’s objective is to promote long term demand for diamonds as unique miracles of nature. The DPA Board, its members and its team remain fully dedicated to this important mission. Stephen Lussier, Chairman of the DPA and Executive Vice President of Marketing for De Beers Group, commented, “De Beers Group’s commitment to the Diamond Producers Association is stronger than ever...
29 May
India’s Gem & Jewellery Export Promotion Council (GJEPC) today announced a major revamp and expansion of the 2018 edition of its flagship IIJS show, slated to run from August 9 to 13. At a presentation to industry media in Mumbai today, GJEPC National Exhibitions Convener Shailesh Sangani said the revamp also included internal show navigation via Google maps that would feature every exhibitor in the show, a mobile-phone App and a chip-loaded visitor-entry badge valid for three years — and six trade shows, as it included the IIJS Signature shows that run at the beginning of each year.  To begin with, the expansion is substantial. This year’s show will be situated on a 62,000 square metre show area, up 19 percent from last year’s 52,000 square metres. The expanded area will accommodate...
29 May
De Beers Group today announced the launch of a new company called Lightbox Jewelry that will begin marketing a new brand of laboratory-grown diamond jewellery under the Lightbox name in September, offering consumers high-quality, fashion jewellery designs at lower prices than existing lab-grown diamond offerings. Lightbox lab-grown diamonds will retail from $200 for a quarter-carat stone to $800 for a one-carat stone. The line will bring something new and innovative to the jewellery sector, featuring pink, blue and white lab-grown diamonds in a selection of accessibly-priced earring and necklace designs. “Lightbox will transform the lab-grown diamond sector by offering consumers a lab-grown product they have told us they want but aren’t getting — affordable fashion jewellery that may not...
28 May
Bhoopesh Kumar Jain
India’s Enforcement Directorate (ED), the state agency that deals with economic offences, arrested on May 25, Bhoopesh Kumar Jain, the Managing Director of Kanishk Gold Private Limited (KGPL) on charges of money laundering. The jewellery retailer stands accused of defrauding a consortium of 14 banks of ₹824.15 crore ($122 million). Jain and his wife Neeta, who are both promoters of KGPL, were questioned in March this year after the Central Bureau of Investigation (CBI) raided the firm after banks discovered that supposed stocks of gold for which loans were advanced to the company, were non-existent. The couple reportedly fled to Mauritius in April, when the company’s assets and fixed deposits worth cumulative  ₹191 crore were frozen or attached...
28 May
Workface at Koidu Holdings diamond mine in Sierra Leone
Sierra Leone’s new President Julius Maada Bio, who has vowed to fight a three-pronged war against indiscipline, corruption and poverty, has said he will follow through on his election promises to review mining contracts and change laws if necessary to ensure the country gets a bigger share of the proceeds from its mineral wealth. Mining, consisting mainly of diamonds, iron ore and mineral sands, constitutes 80 percent of Sierra Leone’s exports, but generates just 15 percent of the country’s revenue. President Bio last month denounced what he called a ‘lack of transparency’ in the sector and vowed to change things. He called for a review of the 2009 Mines and Minerals Act and the individual licenses of mining...
28 May
ALROSA Chief Executive Sergey Ivanov
ALROSA is anticipating a significantly higher-than-expected sales total for the first half of this year due to a strong market, Chief Executive Sergey Ivanov told Reuters on the sidelines of the St. Petersburg economic forum. Ivanov said the first four months of the year had generated very good sales for ALROSA. He expected a drop in sales in May as compared to April due to seasonal factors. He added that this year’s annual sales were expected to be good, with prices already having risen several percent since the beginning of the year. ALROSA is projecting a rough diamond production of 36.6 million carats for this year, but expects to sell about 40 million carats as it also generates sales from its stockpile as well. The...
25 May
ALROSA announced it will hold an auction of what it calls special size rough diamonds — stones over 10.8 carats — in Dubai from May 27 to June 14. There will be 115 lots of standard colour rough diamonds on offer, weighing an aggregate 1,725 carats. The largest stone weighs 49.17 carats. ALROSA said that 66 companies from India, Belgium, Russia, UAE and the USA were invited to participate in the auction. Results of the bidding will be announced on June 18.  "At the present time, Dubai is one of world's leading centres for the diamond trade and attracts market participants from all over the world thanks to its perfect geographical location,” said Evgeny Agureev, director of ALROSA’s rough diamond sales arm, the United Selling Organisation (USO). He added, “Analysing the results of past...
24 May
The Gemological Institute of America (GIA), India, which has been running educational programs in Surat for some years now, announced that it has opened a new classroom with state-of-the-art facilities in Surat. Located at Piplod, the new classroom offers programmes in diamonds, coloured stones, pearls, jewellery design and merchandising.  “Surat is growing as a jewellery manufacturing and retail destination, and the local businesses are in need of trained and educated designers, merchandisers and gemologists,” said Nirupa Bhatt, GIA Managing Director for India and the Middle East. She added, “We have been conducting programmes in the city and servicing the diamond cutting industry for several years now and believe the new classroom will help provide promising talent to the industry.”
24 May
De Beers announced that Signet Jewelers, the world’s largest retailer of diamond jewellery, will become the first retailer to join its pilot blockchain program for diamonds on its Tracr platform. A De Beers press release said Signet will join the growing list of industry leaders trialling the platform during its pilot phase and enabling Tracr to complete the first digital link all the way from diamond production through to retail. A Signet project team will work alongside the Tracr team to ensure the platform meets the needs of the jewellery manufacture and retail sectors, with the partnership initially focusing on the tracking of diamond jewellery and expanding the pilot’s scope to cater for smaller-sized goods. De Beers CEO Bruce Cleaver said, “We are delighted to welcome Signet to the...
24 May
Tiffany’s  first quarter (three months ended April 30) worldwide net sales rose 10 percent to $1 billion, while net earnings rose 53 percent to $142 million from last year’s $93 million. Comparable sales for the period rose 7 percent. The company’s board has also approved a $1 billion share buy-back program. Strong sales growth occurred in all jewellery categories — collections, the engagement segment and designer jewellery. Sales in the Americas rose 8 percent on a constant exchange basis to $425 million. This rise was across the region and has been attributed to higher spending by locals as well as foreign tourists. In Asia-Pacific, total net sales rose 23 percent to $329 million due to increased retail sales in greater China and most other markets, as well as higher wholesale...
23 May
Jewellery retail group Chow Tai Fook and the Gemological Institute of America (GIA) have teamed up to use blockchain technology to deliver secure, digital diamond grading reports to consumers for Chow Tai Fook’s diamond brand, T MARK. Customers will receive a permanent and immutable blockchain record of their diamond’s GIA grading information. This service will first be piloted in selected Chow Tai Fook stores in Hong Kong before expanding to other locations at the end of 2018. Chow Tai Fook managing director Kent Wong said, “We are very proud of our cooperation with GIA which gives our customers additional assurance and transparency, and the opportunity to have both diamond grading and diamond traceability information at their fingertips. This is an important industry breakthrough and...
22 May
ALROSA announced that its first auction of special size rough (larger than 10.8 carats) in two years, which ran from April 23 to May 11 at its newly reopened New York office, realised $10.38 million. A total of 63 lots weighing an aggregate 1,040 carats were sold. ALROSA said 50 companies — seven from the US and 43 from Belgium, India, Israel and the United Arab Emirates, took part in the auction. "We are glad to have reopened ALROSA's office in New York and now are forming its team. The results of the last auction show that American customers are also happy about this, because it is important for them to purchase high-quality rough with guaranteed origin,” said Evgeny Agureev, Director of ALROSA’s rough sales arm, the United Selling Organisation (USO). He added, “We brought a standard...
22 May
Forevermark CEO Stephen Lussier (second from left) at theribbon cutting
De Beers diamond brand Forevermark today announced the launch of Libert’aime by Forevermark, a new flagship store at HKRI Taikoo Hui in Shanghai. The opening marks the 1,000th Forevermark store in China, and comes as the brand celebrates its 10-year anniversary in the country. De Beers said in a press release that the store, created to celebrate the spirit of a new generation of women who are strong, unique, and authentic, offers a diamond jewellery range that has been designed with a young, fashion-forward self-purchasing consumer in mind. The store targets China’s millennials, through a new omni-channel model that combines the store, online platforms and the launch of a WeChat store on China...
22 May
There have been frequent protests by local communities over theZCDC's operation of the Chiadzwa diamond fields in Marange.
Saying that the government-owned Zimbabwe Consolidated Diamond Mining Company (ZCDC) had failed to boost the country’s economy and had not even been able to benefit local communities, Zimbabwe President Emmerson Mnangagwa said his government would review the mining policy introduced by his predecessor Robert Mugabe. The Mugabe government nationalised and consolidated eight private diamond mining operations in Zimbabwe’s Chiadzwa alluvial diamond fields in the country's Marange district in February 2016, saying the country was not benefiting from its diamond wealth.  Foreign investment in the country’s mining sector plunged 70 percent as a...
22 May
CIBJO, the World Jewellery Confederation, announced that registration is now open for its 2018 annual congress, which will take place in Bogotá, Colombia, from October 15 to17, with pre-congress meetings beginning on October 13. A dedicated website with an online form for registrations is now live. The website includes the congress programme, important travel information, background information about Colombia and Bogotá, news and photo galleries. Since the CIBJO Congress 2018 will be a carbon neutral event, participants are also requested to complete a carbon foot-printing form. Located high in the Andes Mountains at an altitude of 2,640 metres (8,660 feet) above sea level, Bogotá is one of the highest capital cities in the world and the centre of the South American emerald trade. The...

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