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The Kimberley Process intercessional meeting in Washington D.C. concluded today with chairwoman Gillian Milovanovic, representing the U.S., commending all parties involved for working towards the November plenary meeting. “I can say that it was a very positive meting where a lot of work was accomplished,” she said, adding “the intercessional, as you know, is not a […]
Being a senior GIA industry analyst, Russell Shor gives a close look at the complex political and economic issues facing today’s gemstone and jewelry industries in his interview to Rough&Polished.
The transformation of ALROSA into a public company and its subsequent access to the stock exchange were accompanied by rosy forecasts from stock market analysts and by blissful expectations on the part of traders.
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.