Trade Organization

Just 175 of 1,042 Diamonds in India Hacking Case Returned, Says GIA

The GIA said in a statement that only 175 of the 1,042 diamonds which had their grading reports altered in a hacking case by the lab's Indian sub-contractor have been returned for examination to the lab.

The American gem lab said that it was critical that all of the diamonds in question and their reports be returned to GIA for examination to remove the fraudulently changed reports from the market.

Christie’s In Hong Kong Sells Burmese Ruby for $18 Million

Christie’s in Hong Kong reported the sale of the 'Crimson Flame', a rare Burmese ruby, for $18 million. The auction house said the sale set a world auction record per carat of $1.2 million.

The Magnificent Jewels sale brought in $96,904,062, selling 80% by lot and 83% by value.

Another big seller was the flawless Afghan Emerald which sold for $2.2 million, establishing a world record price for an Afghan emerald at auction.

The sale attracted 160 buyers from 16 countries from three continents.

GIA Holding Seminars On Treatments And Synthetics at Israel Diamond Exchange

The Gemological Institute of America (GIA) will be holding seminars at the Israel Diamond Exchange next week.

They are aimed at increasing understanding and knowledge about treatments and synthetics. The speakers at the seminars will be Dr. James Shigley and Brenda Harwick.

'Identifying Diamond Treatments' is the title of the first seminar, and will presents information on the nature and treatment of diamonds including laser drilled, fracture filled, HPHT, irradiation, and multiple treatment processes.

Israel Diamond Week Announces Registration Open For DDC Diamond Week

The Israel Diamond Exchange (IDE) has announced that registration for the fourth edition of the Israel Diamond Week in New York is open.

The event will be held on the trading floor of the DDC, and will take place from October 19 to 22.

Around 100 Israeli diamond traders will be taking part in the event on the DDC's trading floor. 

IDE President Shmuel Schnitzer said he was looking forward to yet another interesting and show that would benefit both the IDE and DDCevent.

IDE: Registration Open For Summer Diamond Week

The Israel Diamond Exchange (IDE) announced that registration for the summer edition (August 31-September 4) of the International Diamond Week in Israel (IDWI) is now open.

Registered - and confirmed - buyers will be offered three free nights in the IDWI venue hotel.

ALROSA President to attend 2015 Presidents' Meeting

Andrey Zharkov, the newly appointed President of the Russian mining company ALROSA, the world's largest diamond producer by volume, confirmed that he will be heading an ALROSA delegation to attend the 2015 Presidents' Meeting in Tel Aviv next week.

Israel to Host 2015 Presidents' Meeting

The Israel Diamond Exchange (IDE) and the Israel Diamond Manufacturers Association will be hosting the biennial Presidents' Meeting of the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA) in Israel, at the Tel Aviv Hilton Hotel, June 14-16, 2015.

World Diamond Mark 'Pleased at Outcome of Meeting of Major Producers'

The World Diamond Mark Foundation (WDMF) said it was very pleased with the outcome of the meeting held by a number of the major producers - as reported by Bloomberg News - who met in London to discuss diamond marketing, industry research and the threat to consumer confidence from undisclosed synthetic stones entering the market.

Reportedly, the meeting was attended by representatives of De Beers, Rio Tinto, Alrosa, Dominion Diamond Corp., OAO Lukoil, Petra Diamonds Ltd., Gem Diamonds Ltd. and Lucara Diamond Corp.

Antwerp Diamond Pavilion Among Largest at 2015 Hong Kong Show

The AWDC hosted 109 leading diamond traders in the Antwerp Diamond Pavilion at the 2015 Hong Kong Diamond, Gem and Pearl Show From March 2-6.

It was the second year the traditional Hong Kong March fair featured a separate loose stones venue. In its first year, the show attracted over 32,000 professional buyers from around the world, marking its emergence as one of the most successful shows in the industry.

Swiss Watchmakers See Positive Start to 2015

The year 2015 got off to a good start for watch exports, after two less favorable months, the Swiss Federation of Watchmakers reported.

At 1.6 billion francs (approximately $1 billion), their value was up 3.7% compared to January 2014. This increase was recorded on an already high base and with one less working day.

Steel watches registered a sharp rise in value terms, followed by bimetallic timepieces. However precious metals experienced a slight dip in demand.

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