Polished – wholesale and manufacturing

Tiny chips making life easier for diamond stock-taking and tracking

An initiative by a company called Diamond Services Ltd. to market advanced technological products to the diamond, gem and jewelry industries has once again put the spotlight on the need for the diamond industry to adopt technology as a means of streamlining what has always been a labor-intensive profession. In particular, technology that can carry out a completely accurate stock take of hundreds of smaller diamonds is particularly important.

Surat continues to be India's powerhouse

If there is one city in India, apart from Mumbai, that epitomizes the country’s burgeoning diamond industry it is undoubtedly Surat, about three hours inland from India’s financial and commercial capital. The frantic pace of activity in the diamond city leaves no doubt as to the intensity of the level of activity. The city is home to around 10,000 dealers, and is the second-biggest city in the relatively well-to-do state of Gujarat, on India's western coast.

Trade shows still seen as crucial, but diamond firms steering clear of Baselworld

The advantages and disadvantages of taking a booth at the world’s diamond and jewelry tradeshows are well known to diamond industry participants. The expenses are relatively high as companies bear the cost of creating the booth with all the graphics work involved.

Rio Tinto Decides to Retain Diamond Unit

In a major announcement, Rio Tinto brought a close to more than a year of speculation, by saying it aimed to retain its diamond assets after concluding a strategic review which looked at a range of options, including potential divestment.
 
Rio Tinto Diamonds & Minerals Chief Executive Alan Davies said: “The medium to long-term market fundamentals for diamonds remain robust, fuelled by growing demand for luxury goods in Asia and continuing strong demand in North America. 
 

Jewelers of America delegation Holds Talks With Legislators

Jewelers of America Political Action Committee (JAPAC) paid a visit to Washington, D.C. with a group of jewelers. It was the third time that JAPAC has led a delegation of retailers to the Capitol to express their views on prime legislative issues that affect the industry.
 

Gem Diamonds Discovers 100-Carat Diamond at Letšeng

Gem Diamonds Limited has unearthed a 100-carat, white, Type IIa diamond at the Letšeng mine in Lesotho.
 
Discovered on June 22, the stones is the third weighing more than 100 carats to be recovered from Letšeng since May.
 
Gem Diamonds last month sold a 164-carat D color Type IIa diamond for $9 million into a partnership arrangement, and found a 103-carat yellow diamond, sold at tender.
 

Some Thoughts on Our Industry

Comments by IDMA President Maxim Shkadov on the eve of the forthcoming Presidents Meeting  in Istanbul.It seems that we have all now gotten used to thinking that the industry is in a state of permanent crisis. Nevertheless, none of us is doing anything to put an end to the crisis and to start building a strong and stable future.


Kristall, Europe's largest diamond manufacturing company, celebrates 50th anniversary in style

Kristall Production Corporation (KPC),  Russia's leading diamond manufacturer, and also the largest diamond manufacturer on the European continent, celebrated its 50th anniversary on May 24, in Smolensk, in the presence of an impressive delegation of Russian federal and local government representatives, industry partners, local and trade media as well as with international representatives from the diamond manufacturing hubs in Belgium, China, Israel, Thailand and Sri Lanka.

Israel to Have Largest Diamond Pavilion at Hong Kong June Fair

The Israel Diamond Institute Group of Companies (IDI) will host the largest diamond pavilion at the June Hong Kong Jewellery & Gem Fair, which will take place from June 20 - 23.

The pavilion will feature 70 diamond companies, some of whom are participating in this show for the first time. There are also 10 Israeli companies exhibiting throughout the show. This is the third time that IDI is organizing a national pavilion at this show.

Registration Opens for Israel's US & International Diamond Week

Registration has opened for the Israel Diamond Exchange's second diamond buying event, being held August 26-29.

The event  is a joint project of the Israeli and New York diamond exchanges, developed by their respective presidents, Yair Sahar and Reuven Kaufman.

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