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World Diamond News

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Exporters of diamonds and other gems watched with delight as the United States announced the election of Barack Obama as its 44th President.
    
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On Thursday, a New York City Diamond Broker was robbed of $500,000 worth of diamonds in North Dallas. The broker, a 28 year-old employee of Trapz, LLC, had just gotten into his car when the thieves approached.
    
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Federal prosecutors discovered a scam in which DC tax office manager Harriette Walters created fake property tax refund checks that were cashed by friends and at least one co-worker. Evidence was uncovered that showed the embezzlement was ongoing, and wen
    
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GemEx, a Wisconsin-based company that analyzes the quality diamonds has accused Zales, the jewelry conglomerate, of false advertising and misleading consumers.
    
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Although people are donating less spare change this holiday season, the Salvation Army is still receiving its usual array of strange contributions. In Uniontown, PA, someone wordlessly proposed to the traditional collection kettle, dropping in a diamond r
    
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Bianca Grimaldi, whose fiancee died in the September 11 terrorist attacks, lost the diamond engagement ring he gave her just moments before boarding the plane that eventually struck the Pentagon.
    
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A Chandler, Arizona Diamond Jeweler was robbed Saturday by two armed men. While the store owner was shot and injured, one of the assailants ran and was later caught, and the other drove away and later died of a gunshot wound.
    
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A rare, 5-carat pink diamond will be sold in Hong Kong this December by Christie's. Experts predict that the jewel may reach near world record prices, thanks mainly to the enthusiasm of top Asian jewelry collectors.
    
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It used to be that people shopping for diamond jewelry might go online to check out pricing before they went into the brick-and-mortar stores to buy, but things are quickly changing, according to the Israeli Diamond Portal. Now shoppers are more confident
    
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Due to the global recession, all of the normally exported Indian diamonds, gems, and diamond jewelry are experiencing much less consumer demand. Because of accumulated inventory, this has caused the loss of over 200,000 jobs in the Indian diamond and gem
    
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Aeon Holdings, after entering into a purchase agreement with Green Star Energies to acquire an interest in several mineral leases in Pennsylvania, will no longer continue as an online diamond jewelry retailer.
    
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Rio Tinto's Argyle Diamond Mine is ready to release it's rare blue diamonds in the unveiling of the "Once in a Blue Moon" collection. The Argyle Diamond Mine is known for producing rare pink and champagne diamonds, but is much less known for the very rare
    
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De Beers Diamond Jewellers is partnering with "Brides" magazine to launch the Duo, an intertwined engagement ring and wedding band, beginning on February 10, 2009.
    
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The largest diamond in the universe makes the largest diamond previously known, the 530-carat Star of Africa diamond, seem like a grain of sand. If you were to make it into an engagement ring, you would need all the gold on earth to set it in.
    
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Even in these challenging economic times, people are stilling willing to invest in something that never loses value: diamonds. In Mississauga, Ontario, a customer special-ordered a seven-carat round brilliant stunner.
    
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In Tampa, Florida, even the wealthy are turning to pawn shops as a means to make some extra cash. More and more, Capital Pawn owner Joe Cacciatore is seeing high-end luxury brand jewelry and goods.
    
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A government auction was held on March 20 at the New Yorker Hotel near Penn Station, and the focus of the auction was confiscated diamonds. The US Department of the Treasury used the auction to sell off diamonds seized from money laundering schemes, drug investigations and IRS Tax confiscations—with some of the diamonds coming from dealers within New York’s own Diamond District.
    
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In what’s being hailed as Britain’s biggest jewel heist, two gunmen casually strolled into Graff Jewelers in Mayfair, an upscale London store, and stole gems and diamonds worth £40million on Thursday. The thieves managed to steal 43 bracelets, necklaces, rings and watches in less than two minutes.
    
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Benjamin Ben-Eliezer, Israel’s Minister of Industry, Trade and Labor, met with leaders of the Israeli Diamond Industry to discuss extending financial support for a professional training program for diamond polishers.
    
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Despite a serious downturn in the economy, diamonds are selling surprisingly well at auction. Both Christie’s and Sotheby’s have financially suffered due to the recession, but they are both seeing high figures from their diamond sales. In fact, these sales are getting the most buck, so to speak.
    
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Good news for the technologically savvy ladies who want to invest in an elegance cell phone. Stuart Hughes, designer extraordinaire, recently revealed the diamond 3GS iPhone… and it’s something else!
    
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The Gemological Institute of America (GIA) is one of the most respected diamond-grading facilities in the world, took quick action. Investigation led to the arrest of one person so far. The Diamond Dealers Club of South Africa released a statement that, “We join GIA in condemning unscrupulous parties who fraudulently sell treated diamonds without disclosure and sell forged grading reports”. The GIA believes that the problem is not widespread.
    
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Panamanian President Ricardo Martinelli has announced that he will be initiating a session of his country’s National Assembly in the next few weeks in order to finish legislation that grants the diamond exchange free zone status. The President also claimed his government would speed along panama’s membership in the Kimberly Process.
    
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Battle Creek, Michigan – D.NEA is a well-known producer of eco-friendly and completely conflict-free gemstone and diamond jewelry. Their diamonds are all lab-grown, using the same intense heat and pressure that turns carbon into diamonds, but the process takes far less time, has little ecological impact, and the results are far less expensive. Because the diamonds are synthesized in a controlled environment, there are none of the imperfections that natural diamonds can hold. The clarity of a lab-created diamond is always perfect. It has proven relatively easy to grow a colorless diamond, but giving them color has been more difficult. Previously, colored diamonds—blue in particular—were quite small. Now D.NEA has developed a process that has allowed them to create the world’s largest lab-grown blue diamonds.
    
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National Jeweler reports that a fancy 1.77 carat purple-pink diamond has been “reborn” since it failed to sell in Rio Tinto’s 2008 Argyle Pink Diamond bid. The diamond has become a 1.61 carat, radiant-cut, fancy purple-red stone after it was purchased by Scarselli Diamonds of New York.
    
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Fifty individuals, believed to be part of a diamond smuggling ring, have been arrested.
    
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Recently, it has been heavily speculated that the world famous Hope Diamond and the Wittelsbach-Graff Diamond were cut from the same stone. Well, a statement from the National Gem Collection refutes this, claiming the two amazing jewels were not cut from the same stone after all.
    
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At the Sotheby’s Hong Kong Jewels and Jadeite Spring Sale on April 7, a rare blue diamond that was once part of the De Beers Millennium Collection is being sold. The 5.16 carat, pear-shaped, Internally Flawless Vivid Blue diamond was originally presented by diamond giant De Beers to celebrate the Millennium. Bidding is expected to reach close to $6 million.
    

World Diamond News

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Canada Introduces The Saskatoon Research Council

Monday, Oct 15 2007 2:41PM  Abazias - Diamond Industry News,
Canada Introduces The Saskatoon Research Council The improvements in the diamond industry are being seen on many different levels all over the globe Africa has seen much improvement in their diamond industry with the recent shipment of diamonds from Liberia under the Kimberley Process and Canada is making diamond news as well with their Saskatoon Research Council The SRC is opening its doors to the public so all can see their state of the art laboratory which is considered one of the largest labs for gemstones The SRC in Canada is proof that Canada is indeed rich in diamonds and ready to show the world the stones from their land
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