IDEX Online

Alrosa Aims for $5 Bln in Diamond Sales in 2012

Alrosa plans to sell $5.1 billion worth of diamonds in 2012, and increase production by 152,300 carats to 34.6 million carats, the company announced Tuesday after an executive committee meeting.

DTC Will Notify Applicants on Sight Status Next Week

Companies that applied for a Supplier of Choice contract (a Sight), will be notified on the outcome of their application on Monday December 19. The new Supplier of Choice contract is for the 2012-2015 period.

Belgian Businesses are Latest to Join RJC Certification Scheme

Three Antwerp-based diamond cutting and polishing manufacturers have become the latest businesses to join the Responsible Jewellery Council’s (RJC) growing list of certified companies. The newest additions to have achieved ethical, human rights, soci...

Jewelry suppliers’ prices slip in October

After months of strong upward pressure, jewelry suppliers’ prices in the U.S. market showed modest deflation in October, according to new data from the government. In contrast, jewelry retail prices rebounded sharply from October’s pause. This disp...

World's first synthetic diamond jewelry store opens in NC

A shop that bills itself as the “world’s first synthetic diamond jewelry store” opened its doors recently in Greenville, South Carolina.

A pair of D flawless diamonds fetch $16.4 mln at auction

Two matching diamonds, weighing 35.77 carat and 35.61 carat, were sold for $8.3 million and $8.1 million at Christie's Magnificent Jewels auction at Hong Kong Tuesday.

Royal Asscher Cut Sapphires at Stuller

Jewelers supplier Stuller started to offer Royal Asscher Cut sapphire through an exclusive partnership. Loose stones are available now on Stuller's website.

GIA Creates 4Cs App for Consumers and Retailers

In a bid to educate and engage consumers on the 4Cs, the GIA just released an iPad app for consumers. A retailer version of this app, designed to be used at point of sale, is also downloadable free from GIA’s retailer support site.

Belgium's Polished Trade Slows in October

Belgium increased its polished diamond stocks in October, according to the latest official figures. At the same time, trade was at a lower level by most parameters compared to business in September or year-over-year.

IDEX Online Research: OECD Research Shows Slowdown in Global Economic Activity

Despite strong third quarter economic strength in the U.S., the OECD says that the latest data continues to point to a slowdown in economic activity in most OECD countries and major non-member economies. 

Q3 Gold Demand Up 6 pct; Jewelry Demand Reaches Quarterly Record of $25.5Bn

Gold demand in the third quarter of 2011 reached 1,053.9 tons, an increase of 6 percent compared to the same period last year. Demand totaled $57.7 billion, an all-time high in value terms according to the World Gold Council’s (WGC) Gold Demand Trend...

Q3 Gold Demand Up 6%; Jewelry Demand Reaches Quarterly Record of $25.5Bn

Gold demand in the third quarter of 2011 reached 1,053.9 tons, an increase of 6 percent compared to the same period last year. Demand totaled $57.7 billion, an all-time high in value terms according to the World Gold Council’s (WGC) Gold Demand Trend...

PGI-USA Launches Dedicated Press Website

Platinum Guild International USA (PGI-USA) yesterday (Wednesday) announced the launch of a dedicated press website, www.pgi-press.com The association is calling on jewelry designers to submit their platinum product photos and press materials for consid...

Dhamani Jewels Opens Office and Factory at the JLT Free Zone, DMCC

UAE-based Dhamani Jewels yesterday (Wednesday) announced the opening of its global headquarters in Almas Tower at the Jumeirah Lakes Towers (‘JLT’) Free Zone. The opening of the 10,000 square foot office on the 55th floor of the region’s tallest ...

RJC, DDII Sign Artisanal Diamond Production Cooperation Memorandum

Diamond Development Initiative International and Responsible Jewellery Council have agreed to cooperate on a range of topics including improving social, environmental, labor practices and good governance in the artisanal diamond mining sector.

Rough, Polished Prices Rise In Mumbai

Both rough and polished diamond have risen in Mumbai. Rough prices have gone up by between 8- and 10 percent, while polished prices have firmed up between 2 and 5 percent.

More Plan to Buy Jewelry this Holiday Season

The number of Americans who will make purchases in more discretionary gift categories is rising, with people planning to purchase more jewelry - 21.2 percent vs. 20.3 percent last year, according to a recent survey.

Eighth Annual WDC Meeting to Take Place in Italy

The World Diamond Council (WDC) today announced that its eighth Annual Meeting will take place in Vicenza, Italy from May 13-14, 2012. The event is being hosted by Fiera di Vicenza, one of Italy's leading trade fair operators.

Dalumi Launches Golden Diamonds Collection

Israel-headquartered diamond manufacturing company Dalumi is set to launch a new jewelry line, “Golden Diamonds Collection,” at the upcoming Hong Kong trade shows.

Sun Drop Diamond Disappoints at $12.3 Mln

A 110.03 carats fancy vivid yellow VVS1 pear-shaped diamond that was the highlight item of Sotheby’s Magnificent Jewels auction sold for CHF 11.3 million ($12.3 million) last night. The exceptional diamond was estimated at $11-$15 million, making the...

GIA, GJEPC Sign Education Agreement

The GIA will run its education programs at the Indian Institute of Gem & Jewellery in cities across India. The IIGJ is an initiative of the GJEPC. A formal agreement to this effect was signed by GIA CEO Donna Baker and IIGJ chairman Vasant Mehta la...

Bidz Jewelry Sales Decline, Earnings Down 7.1%

Online retailer Bidz reported a 7.1 percent decline in net revenues for the third quarter totaling $20.3 million. Bidz.com revenues declined because of lower demand for discretionary items, specifically jewelry, the company said on Monday.

IDEX Online Research: More Jewelry Stores Open for 2011 Holiday Selling Season

Holiday shoppers will be able to find jewelry more easily this year. There will be about 22,300 specialty jewelers operating stores during the 2011 Holiday Selling Season, up by almost 200 firms from last year.

De Beers Stake Sale Poses no Problem for Industry: GJEPC

(IDEX Online News) – The sale of the Oppenheimer family’s 40 percent stake in De Beers to Anglo American posed no problems for the industry, said Sanjay Kothari, Vice Chairman of India’s Gem & Jewellery Export Promotion Council. “The stake ...

RJC Super Diam Harriet Kelsall Jewellery Design

The Responsible Jewellery Council announced that Super Diam BVBA and Harriet Kelsall Jewellery Design Ltd have achieved certification meeting the ethical, human rights, social and environmental standards as established by the RJC’s Member Certificati...