Image01  
Current news

updated 20 / 07 / 2015

HRD ANTWERP IN FOCUS: ROUGH OCTAHEDRAL LAB GROWN DIAMONDS ARE TAKING SHAPE!

Previously telling natural rough diamonds from lab grown rough diamonds was fairly straightforward due to the typical cubo-octahedral shape seen with diamonds produced by HPHT (High Pressure High Temperature) and the characteristic plate structure of diamonds produced by CVD (Chemical Vapour Deposition) which significantly differs from the morphology of natural diamonds. click here…


De Beers First-Half Sales Fall 26 Percent

De Beers—which became the star unit of parent company Anglo American following soaring sales in 2014—reported a 26 percent drop in sales in carat terms for the first six months of this year. click here…



updated 10 / 07 / 2015

Retail Jewelry Prices Down; Demand Down – Where’s The Logic?

When the US Fed wants to slow economic growth, it raises interest rates. When it wants to stimulate economic growth, it lowers interest rates. That’s an application of supply and demand. It works the same in retail markets: raise prices and consumer demand weakens; lower prices and shoppers typically flock to the stores. click here…


Customs Seizes $6 Million in Counterfeit Van Cleef & Arpels Jewelry

In June, eagle-eyed Miami customs officials seized 720 pieces of counterfeit Van Cleef & Arpels jewelry, the U.S. Customs and Border Protection (CBP) announced. click here…



updated 10 / 07 / 2015

EGL Labs to Implement New Grading Standards

European Gemological Laboratory (EGL) operations outside of North America will adopt a unified grading standard to restore the reputation of the lab's grading reports, the company announced on Monday. click here…



updated 10 / 07 / 2015

REPORT: MAYWEATHER SPENDS $500K ON DIAMONDS IN NYC SHOPPING SPREE

The most famous boxer in the world and World Champion Floyd Mayweather Jr. was spotted buying $500,000 worth of watches, diamonds and gold chains in New York’s diamond district last Saturday, The New York Post reported. click here…


PHILIPPINES: AUDITORS FIND UNDECLARED GOLD AND DIAMONDS IN GOVERNMENT VAULT

The audit report recently published by the Philippines Commission on Audit (COA) states that auditors discovered millions worth gold, silver and diamonds in the Bureau of Treasury (BTr) vaults, metal.com reports. These were not recorded in the list of assets by BTr. click here…


NYPD OFFICER ACCUSED OF USING DEAD MAN’S CREDIT CARD TO BUY DIAMOND RING

An NYPD Officer has been charged with using a dead man’s credit card to buy diamond jewelry, Manhattan DA Cyrus R. Vance, Jr. said Tuesday, according to CBS New York. click here…



updated 02 / 07 / 2015

10 Arrested in Los Angeles Smash-and-Grab

Ten suspects have been arrested in connection with a “well-planned” smash and grab at a Los Angeles jewelry store on June 17. click here…



updated 26 / 06 / 2015

Diamond Trade Subject to Arbitration on Color Grading Standards

Members of the diamond trade may face arbitration for dealing in diamonds with a color grade that differs from industry standards by more than one grade, according to a new policy issued by various industry organizations. The bodies are considering extending the policy to include clarity grading. click here…


The Biggest Challenge

The Presidents’ Meeting that took place in Tel Aviv this week highlighted five challenges facing the diamond industry, but the issue of profitability was the most pressing. Constituents of the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA), which hosted the meeting, are fighting for survival as they’re unable to make money from polishing rough diamonds. click here…


Presidents Meeting Opens to Challenges Facing the Midstream

The opening session of the World Federation of Diamond Bourses (WFDB) and International Diamond Manufacturers Association (IDMA) presidents meeting in Tel Aviv on Monday highlighted the most pressing issues facing the midstream of the diamond industry. click here…



updated 25 / 06 / 2015

1.25-Pound Gold Necklace Uncovered on 2,500-Year-Old French Corpse

The gold-adorned 2,500-year-old body of a Celtic prince—or princess—has been uncovered in France. click here…


Mystery Diamond Treatment Also Found at IGI, Report Says

The previously unknown treatment that temporarily boosts a diamond’s color has also been discovered on diamonds submitted to the Antwerp branch of the International Gemological Institute, according to a report being released today in Israeli newsletter Diamond Intelligence Briefing. click here…



updated 10 / 06 / 2015

The GIA Team Talks Backlogs, Synthetics, and Standards

Nearing her second anniversary as president and CEO of GIA, Susan Jacques spoke with JCK in a joint interview with executive vice president and chief laboratory and research officer Tom Moses at GIA’s New York City office in 47th Street’s International Gem Tower. click here…


Wearable Tech on Your Ring Finger: One Ring to Hold Your Memories, the Other to Track Your Partner

Two companies have launched technology-infused engagement rings, one to promote sentimentality and one to discourage infidelity. click here…



updated 21 / 05/ 2015

How the FBI Waited Nearly 10 Years to Arrest a Jeweler

In ablog post, the FBI provided a rare inside look at its decade-long investigation of an Alabama jeweler—following a robbery local police believed was an inside job. click here…


Kering Says Alibaba Is Counterfeiter’s Best Friend

Kering, the French luxury conglomerate that owns brands such as Gucci and Ulysse Nardin, has filed suit against Chinese e-commerce giant Alibaba, claiming it knowingly encourages and profits from the sale of counterfeits over its platform, in particular: Gucci watches. click here…



updated 20 / 05/ 2015

Record-Breaking Hatton Garden Robbery Was Committed by 70-Year-Olds, Police Say

Police have nabbed seven suspects—two of whom are in their 70s—in conjunction with the early-April burglary of more than 50 safety deposit boxes in London’s Hatton Garden jewelry district, which potentially ranks as the biggest jewelry theft in history. click here…



updated 18 / 05/ 2015

Mystery Diamond Color Treatment Stumps GIA

As many as 500 diamonds may have been subjected to a new mystery color treatment that temporarily improves their color as much as three grades, the Gemological Institute of America reported yesterday. click here…



updated 11 / 05/ 2015

FORMER ALABAMA JEWELER SENTENCED TO PRISON FOR MONEY LAUNDERING

A federal judge sentenced Joseph Gandy, man from Vestavia Hills, Alabama, to three years and nine months in prison this week. Gandy was convicted of laundering money by pawning a 3-carat diamond that he falsely reported as being stolen in a robbery, according to the FBI’s press release. click here…


CUMMINGS MANOOKIAN TARGETS DIAMOND OVERGRADING WITH CLASS ACTION LAWSUIT

Tennessee-based law firm Cummings Manookian announced that it will begin filing a number of class action lawsuits centered on “the dumping of billions of dollars of intentionally over-graded diamonds on hundreds of thousands of consumers”, Rough & Polished reports. click here…


“PICKY THIEF” GETS 7 YEARS FOR $1.6 MILLION JEWELRY HEIST

A Florida man was sentenced to seven years in prison Thursday for his role in a $1.6 million jewelry heist in Kennesaw, AJC.com reports. The man was caught because he was a shoddy driver, his burglary crew was too picky about its jewels, and they failed to sort their trash. click here…



updated 07 / 05/ 2015

The Industry Starts to Feel the Millennial Pinch

At the recent AGS Conclave in New Orleans, the millennial generation was the “topic du jour” as IDEX put it, and was covered in several presentations (including mine). click here…



updated 30 / 04 / 2015

PARIS THIEVES GRAB A PURSE WITH $5.4 MILLION WORTH OF CHANEL JEWELS

French police are hunting a trio of thieves who made off with a handbag containing five million euros ($5.4 million) worth of Chanel jewels in a smash-and-grab on the highway between Paris and Charles De Gaulle airport,The Jakarta Post reports. click here…


DISNEYLAND CELEBRATES DIAMOND DAYS WITH A CINDERELLA GLASS SLIPPER

Disneyland Resort will be celebrating its 60th anniversary with some pretty awesome prizes, including Disney Diamonds, a Cinderella glass slipper, and private excursions and dinners in Disneyland Park, according to a press release. click here…


$49,000 EASTER BUNNY HAS DIAMONDS FOR EYES

Luxury website VeryFirstTo.com is offering “The World’s Most Extravagant Chocolate Easter Bunny”: hand carved by Martin Chiffers, former chef decor of Harrods, the bunny’s eyes are actually two solitaire diamonds, provided by jeweler 77 Diamonds, and worth about $37,400. click here…


CANADIAN BAKERY CREATES $100 DOUGHNUT MADE OF GOLD AND DIAMONDS

Located in West Kelowna, Canada, long-time bakery Dolicious Donuts has found a new way to celebrate the opening of a new store: $100 doughnut made of edible 24-carat gold, diamonds and of course - chocolate, according to Global News. click here…



updated 29 / 04 / 2015

100 Carat Diamond Garners $22.1 Million in Record-Breaking Sale at Sotheby’s New York

The Magnificent Jewels sale on April 21 at Sotheby’s New York set several new records for the auction house’s New York location, including the highest total sale. click here…



updated 20 / 04 / 2015

CORONET GETS GUINNESS WORLD RECORD FOR $2 MILLION DIAMOND GUITAR

Hong Kong-based Jewelry brand Coronet celebrated its first appearance in Baselworld with a bang: the company partnered with Chow Tai Fook and designer Mark Lui to create a $2 million Diamond Gibson Guitar, and entered the Guinness Book of Records as the maker of the most valuable guitar ever made. click here…



updated 16 / 04 / 2015

How Dealers Are Trying (and so Far Failing) to Influence the Rapaport List

A few weeks back, about 20 major Indian manufacturers listed their diamonds on RapNet priced at full “list” (Rapaport) price. The widespread thinking was that they were trying to influence the RapNet price index (RAPI)—and by association the widely watched Rapaport Diamond Report, aka, the Rap List. click here…


Watch, Jewelry Category Tops Counterfeit List

The watch and jewelry category achieved a dubious distinction in 2014—it topped the list of most-seized counterfeit items by value, unseating longtime champ handbags and wallets. click here…


London Safe Deposit Box Robbery May Rank Among Industry’s Largest-Ever Thefts

On April 7, thieves using heavy cutting equipment broke into 60–70 safe deposit boxes in London’s Hatton Garden district, home to numerous diamond and jewelry wholesalers, according to a statement by the local Metropolitan Police. click here…


Police Seek Suspects in Abduction of Philadelphia Jeweler

An employee of Philadelphia jewelry store was abducted, beaten, and robbed by three masked men over the weekend, and police are seeking information about the crime. click here…


Cruise Line May Have to Honor Bargain Price for 20 Carat Diamond

According to the old saying, if a deal is too good is true, it probably is. But it still may be legally enforceable. click here…



updated 27 / 03 / 2015

Christie’s Sued in Row Over $40 Million Princie Diamond

The heirs of the late Italian senator Renato Angiolillo are suing Christie’s, claiming it sold stolen property when it auctioned the Princie Diamond for $39.3 million in 2013. click here…


Senators Reintroduce Online Sales Tax Bill

The Marketplace Fairness Act, legislation that would require online sellers to collect sales tax, was reintroduced in the Senate on March 10. click here…


Mall Jewelers Hit by Largest Share of Industry-Related Crime, JSA Says

More crimes occurred at mall-based jewelers in 2014 than at any other type of store, as the industry confronted a troubling increase in the number of smash-and-grab robberies, according to the Jewelers’ Security Alliance’s annual tally of industry-related crime. click here…


2,300 YEAR-OLD JEWELRY DISCOVERED IN A CAVE IN NORTHERN ISRAEL

Cave explorers in northern Israel stumbled upon a secret stash of silver coins and jewelry that date back to the time of Alexander the Great, Time Online reports. click here…


US JEWELRY INDUSTRY LOSSES FROM CRIME UP 17% IN 2014

The Jewelers’ Security Alliance (JCA) annual tally of industry-related crime has some disturbing numbers to share: although the number of crimes against the industry fell to 1,381, from 1,414 in 2014, total dollar losses rose 17% to $77.8 million, according to JCK Online. click here…


Average Engagement Ring Spend Up in 2014, Says The Knot

Couples spent an average of $5,855 on their engagement ring in 2014, up from $5,598 in 2013, according to The Knot 2014 Real Weddings Survey. click here…


Huawei and Guess Debut Smartwatches at Mobile World Congress

RAPAPORT... The Huawei Consumer Business Group and Guess Watches both debuted smartwatches at the Mobile World Congress 2015 in Barcelona, Spain. click here…


How De Beers's boss Philippe Mellier makes sure diamonds are forever - even as they begin to run out

The world is running out of diamonds but the boss of De Beers, Philippe Mellier, doesn’t seem too bothered: after all, he knows a diamond is forever. click here…



updated 05 / 03 / 2015

Court Squashes Tiffany’s Loss to Swatch

In what seems like a substantial victory—but could also be a costly mistake—Tiffany & Co. convinced a Dutch court to scuttle the nearly one-half billion dollar award it forked over to Swatch Group after their watch partnership fizzled. click here…


Diamond Market Seeks Confidence Boost in Hong Kong

RAPAPORT... Diamond suppliers were hoping for a boost to market confidence as the Hong Kong International Diamond, Gem and Pearl Show opened on Monday. While it was too early to assess actual trading at the show, visitor traffic was quiet in the morning session but picked up in the afternoon. click here…



updated 04 / 03 / 2015

Diamond Polishers Must Await Outcome of Namibia-DeBeers Talks

(Bloomberg) -- Diamond polishers in Namibia, companies that employ about 1,300 people, will have to wait for the outcome of talks between the southwest African country and De Beers before they know the fate of contracts allowing them to operate. click here…



updated 02 / 03 / 2015

Company Claims to Have Produced 5 Carat Synthetic Diamond

Russian lab-grown diamond manufacturer New Diamond Technology says it has grown a 5.11 ct. K SI diamond, which it bills as the largest man-made polished near-colorless stone ever produced. click here…


Famed Jewel Thief Doris Payne Is Arrested Yet Again

After six decades of thefts, notorious octogenerian jewel filcher Doris Payne may have grown too famous for her line of work. click here…



updated 19 / 02 / 2015

MAN CAUGHT SMUGGLING DIAMONDS WRAPPED IN TOILET PAPER AT TEL AVIV AIRPORT

Customs agents at Ben Gurion Airport, Tel Aviv, prevented a man from smuggling diamonds into the country over the weekend. The man, 43, a resident of Jerusalem, came back to Israel on a flight from Italy accompanied by his wife. He was caught with two packages of diamonds: one wrapped in scotch tape and concealed in his bag, and the other wrapped in toilet paper and concealed in his coat pocket. click here…


HK: TEEN GIRL PULLED OFF A $4.6 DIAMOND HEIST

There’s a first time for everything: according to multiple reports, the Hong Kong Police are searching for four thieves after a major heist of a $4.6 million diamond necklace, one of them - a girl between 12 and 14 years old. click here…


SLEEPING IN A GEM: DUTCH ARCHITECTS PROPOSE AN AMETHYST HOTEL

Dutch practice NL architects has developed a proposal for a chain of hotels, with a design that takes its form from that of a precious gemstone - the amethyst. click here…



updated 17 / 02 / 2015

World Gold Council: 2014 Demand For Gold Jewelry Down 10%

While worldwide demand for gold jewelry in 2014 fell 10 percent to 2,152.9 tons, it was still above the five-year average of 2,053 tonnes, reports the World Gold Council (WGC). According to its recently published Gold Demand Trends (GDT), which contains data and opinion on worldwide gold demand, after a steep drop in the second quarter of 2014, demand for gold jewelry gradually recovered, culminating in the strongest fourth quarter since 2007. click here…


Mobile Top Priority for Retailers in 2015; Focus on Optimizing Sites not Apps


In response to consumers’ increasing reliance on their smartphones and tablets when it comes to shopping, 58 percent of surveyed retailers placed it at the top of their priority list for 2015, according to the 2015 Shop.org/Forrester Research Inc. State of Retailing Online survey. click here…


100 Carat D IF “Ultimate” Emerald Cut to Be Sold by Sotheby’s


Sotheby’s calls it the Ultimate Emerald-Cut Diamond—and it’s hard to argue. click here…


De Beers Profits Soar 33 Percent


De Beers announced its profits soared more than 33 percent over the past year—a number that may rankle its customers who complain they are losing money on their sight boxes. click here…


The Diamond Business and Swiss Leaks


In 2009, a former HSBC computer tech, Hervé Falciani, turned over data listing thousands of customers of the HSBC Private Bank in Switzerland to French authorities, after unsuccessfully trying to sell it. They began an investigation. click here…



updated 16 / 02 / 2015

Reports From Former EGL International Are “Counterfeits,” Says EGL Network

“On Nov. 25, the license agreement with the gemological laboratory operated by Mr. Guy Benhamou, a former EGL laboratory that also uses the name EGL International…was revoked and canceled,” said a Feb. 8 statement to the press, attributed to the “EGL trademark holders,” which includes heirs of late lab founder Guy Margel. click here…


US AMBASSADOR TO ISRAEL DAN SHAPIRO SPEAKS OF ROLE DIAMOND SECTOR PLAYS BETWEEN THE TWO COUNTRIES

Israel Diamond Week, taking place in Ramat Gan between the 8th and 12th February 2015, has officially opened during a ceremony attended by dignitaries from all over the world, including Dan Shapiro, the United States ambassador to Israel. Guests from over 24 different countries, including Russia, countries in Europe and Asia, as well as a large delegation from Turkey, are attending this edition of the IDW, and the trading floor of the Israel Diamond Exchange (IDE) was packed with traders doing business. click here…


The Mystery that Still Baffles Scientists: What Makes Pink Diamonds Pink?

While other diamonds get their color from chemical impurities that absorb light (yellow from nitrogen, blue from boron) the “pink” in pink diamonds remains a mystery – since no similar impurities have been found in pink diamonds. In a BBC.com piece dedicated to the “rise and rise” of pink diamonds in recent years, the BBC spoke to experts who are trying to unravel the mystery around the rarest of all diamonds. click here…



updated 02 / 02 / 2015

VALENTINE’S DAY LOOKS PROMISING FOR DIAMOND SALES

Despite storms and snowy weather plaguing the United States in the period leading up to Valentine’s Day in 2014, American jewelry companies generally reported encouraging levels of retail sales for this significant day in the diamond jewelry calendar. So what can be expected for diamond sales on Valentine’s Day in 2015? click here…

 

 
 
 
Diamond Dealers Club South Africa 2012 | Disclaimer | diamonds@diamonds.org.za | Tel: +27 11 334 1930