Diamond Prices Falling

(September 7, ’11, JCK Staff)
The RapNet Diamond Index for 1 ct. diamonds fell 4 percent in August, the company said. Half-carat stones declined by 2.2 percent. Three-caraters dropped 5.4 percent.

A statement noted that sentiment in the diamond market had declined, because of apprehension about U.S. debt, slow U.S. and European economic growth, volatile equity markets, and low consumer confidence.

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De Beers back in profit as diamond prices jump

(February 11, ’11, The Telegraph)
Rough diamond prices were 27pc higher in 2010, topping prices before the financial crisis, De Beers said. Demand is recovering in the US, the biggest diamond market, and Chinese and Indian consumers are increasingly splashing out on the gems.

However the diamond miner is cautious about 2011, and does not expect prices to rise at such a rapid pace this year.


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Size Matters

(February 10, ’11, IDEX Online Staff Reporter)
A recent statement by the World Diamond Council (WDC) set off grumbling in India. The WDC clarified that Zimbabwe’s Marange diamonds are not yet clear for trade and the response from Surat was a series of statements protesting the current situation. Clearly, the “issue of Zimbabwe,” should be resolved, brining Zimbabwe into the fold of legitimate diamond trade. But the voices from Surat were referring to a wider issue. Two very respected figures of India’s diamond industry were quoted.


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JA Reaffirms Stance on Zimbabwe and Conflict Diamonds

(February 3, ‘10, Edon Ophir)
Jewelers of America (JA) released a position statement today detailing the association’s commitments to responsible diamonds, with a special section dedicated to its stance on Zimbabwe and the controversy surrounding its mining practices.
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Wittelsbach-Graff Diamond Goes to Washington

(January 27, ’10, National Jeweler)
Washington–Starting tomorrow, the storied 31.06-carat Wittelsbach-Graff Diamond will be on display in a museum, marking the fancy, deep blue gemstone’s first public appearance in 50 years.
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Exhibit Shows Israeli Diamond Designers on Point

(February 3, ’10, National Jeweler)
Ramat Gan, Israel–A new collection of diamond jewelry featuring pieces crafted by Israeli designers is now on display at the Harry Oppenheimer Diamond Museum in Ramat Gan, Israel.
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Dallas Auction Sees Tall orders for Diamonds

(December 16, ’10, National Jeweler)
Dallas–Diamonds dominated at the Dec. 6 Heritage Fine Jewelry Auction in Dallas, taking nine of the top 10 lots at the $1 million-plus jewelry event, according to a news release.

The fine timepieces portion of the two-day auction was held Dec. 7 and realized $1.2 million, bringing the auction total for Heritage Auction Galleries in Dallas to $2.2 million.
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Dallas Bakery Decorates Wedding Cake with 1,200 Carats in Diamonds

(January 25, ‘10, IDEXONLINE )
A wedding cake covered in sapphires and diamonds went on display this weekend at a Dallas Bridal show this weekend, according to NBC’s Dallas/Fort Worth affiliate. The magnificent nine-tier wedding cake, valued at $1.3 million, could arguably be the focal point of any wedding celebration. It weighs about 160 pounds and serves about 320 people at a less-than-economical price of $3,125 per slice.
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Weddings Propel China to Second Largest Diamond Market

(January 24, ‘10, Edahn Golan)

China is currently the world’s second largest diamond market, following the U.S. and surpassing Japan, according to official Chinese figures. Imports through the Shanghai Diamond Exchange rose 16.4 percent to more than $1.5 billion in 2009, the official Xinhua news agency said on Sunday.
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Gem Diamonds Sold $ 228M Worth of Rough in 2009, Expanding Polished Sales

(January 24, ‘10, Edahn Golan)
Gem Diamonds enjoyed rising rough diamond prices in the fourth quarter of fiscal 2009, especially for larger top-quality, top-color goods, the company said in its quarterly report.
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