SourcingFeb 07, 2016
Alrosa Uncovers 105-Carat DiamondThe 105.6-carat stone, extracted from processing plant No. 14 at the Jubilee kimberlite pipe, is octahedral and transparent, with a moderate yellowish hue.
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SourcingFeb 07, 2016
KP Urges Vigilance After Fake Certificate SpottedThe Kimberley Process is calling on its members to pay special attention to any shipments of rough diamonds accompanied by a certificate from Sierra Leone after a fraudulent one surfaced in Antwerp.
SourcingFeb 07, 2016
Anglo American Donates to DDIThe Anglo American Group Foundation has given a three-year contribution to the Diamond Development Initiative, which promotes responsible sourcing and works to improve the lives of local miners in Africa.
SourcingFeb 07, 2016
UAE Appoints Chair for Kimberley ProcessThe United Arab Emirates’ Ministry of Economy has selected Ahmed Bin Sulayem, executive chairman of the Dubai Multi Commodities Centre Authority, for the position.
GradingFeb 07, 2016
GIA now accepting scholarship applicationsAvailable online through Oct. 31, the scholarships are for the GIA’s Gemology and Jewelry Manufacturing Arts programs, courses and lab classes.
GradingFeb 07, 2016
GIA invalidates 1,042 reports due to hackingThe Gemological Institute of America has invalidated grading reports for 1,042 diamonds after hackers gained access to its database and altered the reports.
GradingFeb 07, 2016
GIA Urges Return of Diamonds with Doctored ReportsOnly 175 of the 1,042 diamonds with a grading report that was invalidated by the Gemological Institute of America in the wake of the hacking incident have been returned to the lab for reexamination.
GradingFeb 07, 2016
AGS Labs Now Grading Already Mounted DiamondsThe credit card-sized reports, which will contain details such as natural and unheated, are for mounted diamonds larger than 0.18 carats.
GradingFeb 07, 2016
GIA Extends Deadline for No-Cost ConfirmationThe Gemological Institute of America has extended the submission date for the no-charge confirmation service it announced in the fall by two months, to March 31.
SourcingFeb 07, 2016
23-Carat Pink Diamond Sold for $10MPetra Diamonds Ltd. sold the stone, which it recovered from the Williamson mine in Tanzania last month, into a partnership between Golden Yellow Diamonds and M.A. Anavi Diamond Group.
SourcingFeb 07, 2016
IDE Elects New PresidentYoram Dvash of Dvash Diamonds was elected president of the Israel Diamond Exchange, succeeding incumbent President Shmuel Schnitzer, who served one two-year term.
SourcingFeb 07, 2016
IDE Honors Past President Yair SaharThe 66th General Assembly of the Israel Diamond Exchange gave former IDE President Yair Sahar the title of Honorary President.
SourcingFeb 07, 2016
NCDIA Appoints Barbara Wheat as Executive VPThe industry veteran will place an emphasis on training, education and the benefits of jewelers carrying natural color diamonds.
SourcingFeb 07, 2016
Jean-Marc Lieberherr Leaving Rio TintoHe is being replaced by Simon Trott, the managing director of Rio Tinto’s salt and uranium businesses.
SourcingFeb 07, 2016
De Beers Diamond Advertising to Continue in 2016Though the company did not provide details on its plans, CEO Philippe Mellier said more marketing is needed to stimulate demand in what’s expected to be a “volatile” year.
TechnologyFeb 06, 2016
Amazon moves record number of units on ‘Prime Day’But the e-tailer isn’t being specific about the dollar amount of merchandise sold, and the reaction on social media was less than favorable.
Policies & IssuesFeb 06, 2016
AML Alert: Check lists of countries with deficienciesThe Jewelers Vigilance Committee advises that companies monitor the Financial Action Task Force’s lists of countries that aren’t completely cooperative with international anti-money laundering efforts.
Policies & IssuesFeb 06, 2016
Andrew Bone to lead the RJCThe Responsible Jewellery Council has named longtime De Beers executive Andrew Bone as its executive director.
Policies & IssuesFeb 06, 2016
5 Points on the Proposed Changes to the FTC GuidesThe Federal Trade Commission has issued proposed revisions to its Guides for the Jewelry Industry. Here are a few key things to know about them.
FinancialsFeb 06, 2016
Blue Nile to open 3 to 4 more storesCEO Harvey Kanter said the company’s first standalone brick-and-mortar location is “exceeding expectations” and they plan to get additional stores open in the first half of 2016.
CollectionsFeb 06, 2016
Movado makes its smart moveThe watch company has teamed up with Silicon Valley companies HP and Fullpower Technologies Inc. to create two different smartwatches.
FinancialsFeb 06, 2016
Movado’s Q3 sales slip 2 percentThough sales and income fell slightly, Movado Group said its brands “outperformed” other watches in what its CEO described as an “extremely challenging retail environment.”
FinancialsFeb 06, 2016
Signet Says Two-Stone Ring a ‘Grand Slam’Signet Jewelers Ltd. reported a 5 percent increase in same-store holiday sales, driven by bridal and fashion diamond jewelry, particularly “Ever Us.”
FinancialsFeb 06, 2016
Richemont Says Sales in the Americas ‘Subdued’They slid 3 percent at constant exchange rates, with sales growth by Van Cleef and Cartier offset by soft demand for watches.
FinancialsFeb 06, 2016
Tiffany’s Holiday Comps Down 5 Percent“Restrained consumer spending” hit the jeweler hard this holiday season, particularly in the United States, and it is now cutting jobs.
