Polished – wholesale and manufacturing

Panama Gem & Jewelry Center Announces October As Phase 1 Completion Date

Construction of the Panama Gem & Jewelry Center has moved into high gear, with the Panama Diamond Exchange (PDE) reporting brisk interest both regionally and internationally for office space in the first phase of the complex, as well as in membership and affiliation at PDE itself, the PDE said in a statement.

The Phase I building will be fully operational by October of this year.

What goes around comes around: are recycled diamonds a threat to the trade?

For more than a century the diamond business has been predicated on the fact that the vast majority of merchandise sold never reenters the market. A person’s diamond jewellery, with its powerful emotional baggage, is hardly ever sold off, but rather passed on to the children or other loved ones.

Sarin Technologies Launches New Polishing Process Software

Sarin Technologies has launched a new version of its polished-diamond quality assurance and polishing process control software, called the Instructor TM 3.0, after 18 months of development work.
The new software runs on many of Sarin’s rough and polished diamond modeling platforms of the DiaExpert and DiaMension families, including the popular DiaMension HD and DiaScan S+ systems.

White Pine Trading Expanding Diamond Liquidation Services for Pawnbrokers

White Pine Trading LLC, a recycled diamonds firm, is increasing its diamond liquidation services for the pawnbroking industry by providing a cash-advance system that could enable sellers to raise cash flows while White Pine looks for the best price through its international sales events and brokerage.
White Pine has tested the service over the past year, with more than 10 pawnbrokers in the United States.

Israeli Polished Exports Up 12% On Year In 2013 To $6.22B

Israel exported polished diamonds with a value of $6.22 billion in 2013, a rise of 12 percent on the year, according to figures from the Ministry of Economy. ‎
‎Exports of polished goods to the United States jumped 14 percent to $2.32 billion last year. Meanwhile, polished exports ‎to Hong Kong rose 6 percent to $1.68 billion.‎
Switzerland imported $380 million of polished goods last year, while Belgium imported $451 million worth, and India $145 million.

NRF Says Christmas Sales As Forecast

The severe weather did not reduce December retail sales in the United States as shoppers took advantage of heavy promotions and last-minute deals, the National Retail Federation (NRF) reported.
Retail sales in December, not including automobiles, gas stations and restaurants, rose 0.4 percent seasonally adjusted month-to-month, and 4.6 percent unadjusted year-over-year.

GJEPC Launches Investigation Into Surat Synthetic Diamond Production

Indian diamond industry umbrella body, the Gems and Jewellery Export Promotion Council (GJEPC), has an investigation into which diamond plants in Surat, the country’s largest diamond cutting and polishing center, are manufacturing synthetic stones.
The global diamond industry has expressed its concerns in recent months after reports of undisclosed lab-created diamonds being mixed in with natural melee stones, including in India.

GIA Introducing Revised Format For Certificates

The Gemological Institute of America (GIA) will bring in a revised format for its diamond grading and gem identification reports beginning January 1, 2014.

The GIA said that although the format will change, the information contained will remain the same.

The GIA will offer no-cost reissues upon request for reports issued from July 1, 2013 through to December 31, 2013.

Belgian, Israeli and Indian Diamond Firms Network in China

Diamond companies from Belgium, Israel and India participated in a series of diamond business matching events in three large cities in Southern China during which they networked with Chinese diamond wholesalers, jewelry manufacturers and retailers to increase their exposure to the Chinese market and create new sales opportunities.

Acquiring giant pink stone a ‘dream’ for New York Diamond cutter

One of the exceptional diamonds sold at auction in 2013 – if not the outstanding diamond of the year – a 59.60-carat pink diamond, was acquired by New York-based diamond cutter Isaac Wolf. The diamond, sold for $83 million in Geneva by Sotheby's in November, setting a record for any gemstone at auction. In a sign of the profound interest and demand for such stones, the exceptional pin had a presale estimate of more than $60 million – about three-quarters of the actual sale price.

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