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The following is the full transcript of the speech delivered by Eli Izhakoff, President of the World Diamond Council, to the Intercessional Meeting of the Kimberley Process, which opened in Washington, D.C., this morning.
It’s going to get worse, before it gets better. After weeks of quiet contemplation, last week it became known that some 600 lab-made diamonds were submitted, undisclosed, to IGI for grading. The concern was that it was not an isolated case and more undisclosed goods are in circulation. Wednesday night, Chaim Even-Zohar published more disturbing details […]
Dear Sightholder, We are conscious that the value of diamonds is ultimately driven by consumer demand and prior to the JCK Las Vegas show, we wanted to provide you with an update on the evolution of our average prices.
We asked our International team of reporters and editors, located in the United States, Russia, Namibia, China, Italy and Belgium, to send their questions for an interview with the KP Chair Milovanovic. We would like to sincerely thank Ambassador Gillian Milovanovic for taking her time to answer our questions.
If it looks like a diamond and shines like a diamond, it must be a diamond. That is, at least, from a consumer point of view. The respective discussions this past week regarding undisclosed synthetic stones filtering the market and attempts at the World Diamond Council (WDC) meeting to widen the definition of conflict diamonds […]
No, this headline did not appear on the front page of the most influential newspaper in the world, but it may if members of the industry don’t start demanding action in the recent lab-made diamond case. If this story appears on the pages of major newspapers, consumer confidence will go down the drain. The industry […]
Responding to the news that a large batch of lab-made diamonds are circulating in the market without proper disclosure, Stephen Lux, President & CEO of Gemesis says the company has been completely forthcoming.
Concerns are rising that a large number of undisclosed lab-made diamonds are circulating in the market. Suspicions were raised after IGI detected a batch of such items a few weeks ago, according to Chaim Even-Zohar.
The decision by the Indian government to force its citizens to convert half their foreign currency to rupee was another of a growing list of directives negatively impacting the diamond industry. The result is that 2012 is set to become an even more challenging year than expected for the trade.
Press Release: Millennial-age consumers—the generation comprising the primary bridal jewelry market—are both far more conscious of social responsibility than previous generations, and far more demanding that the companies they do business with behave responsibly and give back. For jewelers, this means not only being able to reassure customers that your diamonds are conflict-free, but also […]
The World Diamond Council this week voted in favor of discussing a change to the definition of conflict diamonds as described in the Kimberley Process Core Document. While not binding, it is a much-needed evolution. But will it actually result in any change?
The World Diamond Council’s (WDC) 8th Annual Meeting has concluded. The meeting passed a resolution expressing support for expanding the definition of “Conflict” as defined by the Kimberley Process Certification Scheme. Keynote speaker Susan Shabangu, mining minister of South Africa, stated that the challenge to the sustainability of the diamond industry is no longer limited […]