News of the day

DMIA Responds to Article Attacking Industry Infighting

The Diamond Manufacturers & Importers Association of America (DMIA) says it has continuously led the American diamond industry's campaigns to "address and eliminate reputational risks."

Its comments came in response to an article in JCK Magazine entitled The Diamond Industry's Sad Lack of Leadership, attacking the global industry's lack of activity on the issue.

Antwerp posts fall in polished exports in March and first quarter

Belgian imports and exports of polished and rough goods dropped in March and in Q1 of this year, showing weaker demand globally.

Polished exports in March fell to $1.21 billion from $1.38 billion last year, according to figures from the Antwerp World Diamond Centre (AWDC), but they were up 5.0 percent on February.

Exports in volume came to 614,600 carats from 652,916 carats in March 2012, and were 2.6 percent up on February. The average price per carat fell to $1,975 from $2,113 in March 2012, and fell 7.2 percent on February.

Venetia diamond mine to return to normal in H2, says De Beers

De Beers says production at its Venetia diamond mine, the largest in South Africa, should return to normal in the second half of this year, retaining its production at 2012 levels.

Of De Beers' production from South Africa last year of four million carats, three million carats were mined at the Venetia operation.

The miner decided earlier this year to invest $2.27 billion in the mine, extending it until 2042, however production has been hit by heavy rainfall.

ICA joins UN group to track colored gemstones from their countries of origin

The International Colored Gemstone Association (ICA) has joined the United Nations Research Institute on Crime and Justice (UNICRI) to develop a mechanism to certify and track colored gemstones from their countries of origin. The initiative is being held with the assistance of the Vienna International Justice Institute (VIJI).

The initiative was presented in a meeting on April 9 and 10 at the UNICRI headquarter in Turin where selected stakeholders were invited for initial consultations.

CIBJO President Gaetano Cavalieri visits Yerevan as guest of Armenian president,

Gaetano Cavalieri, the president of CIBJO, the World Jewellery Confederation, visited the Armenian capital of Yerevan this week, where on Tuesday he was invited to attend the official inauguration celebrations of President Serzh Sargsyan, who recently was elected for a second term in office.

During the visit, he held discussions with senior government and industry officials about plans for the development of the Armenian jewelry sector.

Japan's imports of polished diamonds drop 24% to $53.6 million in February

Imports to Japan of polished goods dropped 24 percent on a year earlier to $53.6 million in February, according Finance Ministry data.

Japan imported more diamonds in carat terms, up 10 percent ‎to 149,219 carats, but the average price dropped 31 percent to $359 per ‎carat.

Japan's polished diamond imports declined by 10 percent to $127.8 million in January-February.

Visitor to Crater of Diamonds State Park comes away with perfect birthday gift

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A visitor to the Crater of Diamonds State Park in Arkansas came away with a 2.10-carat brown diamond on a trip to the park to celebrate to celebrate her 30th birthday.

Park Interpreter Margi Jenks said, "The square, iced tea brown diamond was a surface find after [visitor Andrea Murphy] had been here for about two hours. At first Andrea thought her find was either a diamond, or some kind of toy. After the park staff verified and registered her diamond, Andrea decided that the best name for it would be the Andrea Birthday Diamond."

Israel posts 8.3 percent drop in polished exports in first quarter

Israel's net diamond exports in the first three months of this year fell 8.3 percent to US$1.60 billion from US$1.75 billion a year before, according to figures published by the diamond administration of the Economy Ministry.

Net polished imports in the first quarter fell 13 percent to US$962 million from US$1.11 billion in the same period last year.

Christie's to hold Magnificent Jewels sale with Princie Diamond in spotlight

Auction house Christie's will commence its spring auction season with a large selection of diamonds and jewelry at its Magnificent Jewels sale in New York on April 16.

Almost 300 jewels, including high-end colored and colorless diamonds, gemstones, natural pearls and signed vintage creations, will be on sale at the auction.

Outstanding 74.79 carat diamond could sell for $9 million to $12 million at Sotheby’s

Sotheby’s will put 400 lots with a total presale estimate of more than $35 million up for sale at its annual spring Magnificent Jewels auction in New York on April 17.

The highlight of the sale may be an exceptional 74.79-carat, D, VVS1, potentially flawless, Type IIA, pear-shaped diamond with a presale estimate of $9 million to $12 million.

The pear-shaped stone will be sold a month before Christie’s sells a pear-shaped D color, Type IIA flawless diamond weighing 101.73 carats in Geneva.

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