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Company Claims to Have Produced 5 Carat Synthetic Diamond

(Feb 17 ‘15, JCK Online)
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.

The manufacturer says the unenhanced radiant-cut type IIa diamond, produced by the high-pressure high-temperature (HPHT) method, bears a K SI grade but it has not yet been sent to a lab, according to company president Tamazi Khikhinashvili.

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True North Gems Appoints Hayley Henning As Vice President for Marketing and Development

(Feb 02 ‘15, True North Gems)
True North Gems Inc. (TSX VENTURE:TGX) (“True North” or the “Company”) is pleased to announce that Hayley Henning has been appointed V.P Marketing and Development.

“It is an exciting time in the colored gemstone industry as True North Gems moves toward sustainable multi-year production of the first Arctic source of ruby and pink sapphires. I’m thrilled to be a part of this incredible project and look forward to contributing my depth of experience and knowledge to introduce these gems to the international market,” says Hayley Henning.

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Zimbabwe: Be Tough With Diamond Miners, Civic Society Urge Government

(Feb 08 ‘15, All Africa)
CIVIL society groups have challenged the government to be tough on diamond firms operating in Marange saying they have not done enough to help develop surrounding areas.

This came out during a meeting held last week between Non-Governmental Organizations (NGO) operating in Manicaland province and new Provincial Affairs minister Mandi Chimene.

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Attorney: Grading report class action is coming

(Dec 16 ‘14, National Jeweler)
New York–Early next year, a class-action lawsuit will be filed against EGL International and “major retailers” charging that the lab systematically over-graded diamonds that the retailers then knowingly sold to consumers, National Jeweler has learned.

Nashville, Tenn.-based attorney Brian Cummings said Monday that the suit will be filed within the next 60 days by a “major national plaintiffs’ class-action firm,” which he is not yet authorized to name because the firm is still working on the case.

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Russia plans new measures to stabilise the rouble

(Dec 17 ‘14, BBC News)
Its central bank said, if necessary, it would provide additional capital to Russia’s banks and financial companies.

The rouble has regained ground from Tuesday’s all-time low, although trading remains edgy and volatile.

The announcement left the currency 10% higher against the dollar. One US dollar bought 62 roubles, far fewer than the record low of 79 on Tuesday.

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8 tips for having a safe trunk show

(Dec 17 ‘14, National Jeweler)
New York–Trunks shows are a good way to showcase goods from a particular designer, or designers, to a motivated customer base.

But getting those motivated customers into the store means advertising, which anyone, including criminals, can see.

David Sexton, the vice president of loss prevention consulting at Jewelers Mutual; Itay Hendel, the CEO of ISPS, a global jewelry security training and risk prevention firm; and Jewelers UnBlocked President and CEO Patricia Low offered the following tips for trunk show safety during the holiday season and year-round.

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Diamonds are forever but here and now coloured gemstones are cutting edge

(Dec 12 ‘14, The Guardian)
For those prepared to throw money – quite a lot of it – at the ideal Christmas present this year, the gift of choice is no longer white diamonds, but coloured gemstones.

The market for coloured stones is on fire, with record prices being achieved for rubies and sapphires. At its latest ruby auction in Singapore, Gemfields achieved an average price per carat of $689 (£438), with total sales of $43.3m from its Montepuez mine in Mozambique. Both figures were records for the London-listed miner and luxury goods specialist.

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The top 10 lots from Christie’s most recent sale

(Dec 16 ‘14, National Jeweler)
New York–A pear-shaped, D color, VVS1 diamond weighing 89.23 carats sold for more than $11 million at Christie’s Magnificent Jewels sale held last Wednesday in New York.

The auction totaled more than $66.6 million, selling 75 percent by lot and 85 percent by value.

Colored diamonds had a solid performance in the sale, with a number making their way into the top 10 lots, including a pair of pear-shaped fancy light yellow diamond ear pendants (weighing 52.88 and 51.46 carats) that more than doubled their pre-sale low estimate when they went for $5.4 million.

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Jewelers Mutual to donate to children for holidays

(Dec 05 ‘14, National Jeweler)
Neenah, Wis.–For the fourth year in a row, Jewelers Mutual Insurance Company will partner with Sarah’s Hope Jewelry and Jewelers for Children to give to children in need through its “Hope for the Holidays” sweepstakes.

Jewelers Mutual is giving the public the chance to vote among three options for their favorite children’s charity among from now through Dec. 19. The three charities chosen to be in the sweepstakes are: Make-A-Wish America, St. Jude Children’s Research Hospital, and National Court Appointed Special Advocates (CASA) Association.

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Polished diamond prices continue 8-month slide

(Dec 10 ‘14, National Jeweler)
New York–Prices for 1-carat and 3-carat stones were down about 2 percent in November as suppliers, strapped by a lack of liquidity, lowered prices in an effort to generate cash.

Prices of 0.30-carat and 0.50-carat diamonds also fell approximately 2 percent month-over-month, according to the RapNet Diamond Index for November.

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