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GIA’s Jewelry Career Fair and Open House Attracts More Than 600

Author: unknown - Published 18-10-2019 21:09
More than 600 visitors discovered the perfect space for jewels and jobs at GIA’s (Gemological Institute of America) annual Jewelry Career Fair and Open House on Friday, Oct. 11, at the Institute’s world headquarters in Carlsbad, CA. Aspiring gem and jewelry professionals, GIA students, open house visitors, industry professionals and recruiters spent the day attending informative panels, getting one-on-one career coaching, networking, participating in classroom demonstrations and admiring more than 1,000 museum pieces on display

Rapaport Weekly Market Comment

Author: unknown - Published 17-10-2019 21:11
Markets quiet amid Jewish holidays with steady demand for RapSpec A3+ goods. Indian manufacturers delay Diwali shutdown to increase post-festival inventory. Trading slow at Bharat Diamond Week. Liquidity low while companies settle supplier bills and pay staff ahead of Diwali. Alrosa Sep. sales -24% to $259M, but small-stone demand recovering. Hong Kong protests hit luxury sector, with Chow Tai Fook 2Q retail sales -35% in Hong Kong and Macau, +4% in mainland China. De Beers launching Lightbox at Bloomingdale’s and Reeds Jewelers. David Kellie to succeed Jean-Marc Lieberherr as CEO of Diamond Producers Association. Rapaport offices will close Oct. 21-22 for Jewish holidays.

De Beers Group Auctions Launches New Auction Portal

Author: unknown - Published 17-10-2019 21:08
De Beers Group Auctions today announced the launch of its new auction portal. The new platform provides customers with an improved bidding experience through a range of enhancements to functionality and to the user experience. The portal harnesses cutting-edge technology and incorporates a range of valuable insights garnered from customer feedback.

$14M Blue Diamond to Headline Christie’s Geneva

Author: unknown - Published 17-10-2019 21:04
A fancy-deep-blue diamond ring with a high estimate of CHF 14 million ($14.1 million) will go under the hammer at Christie’s Geneva Magnificent Jewels auction next month.

GIA Expanding Program for African Gem Miners

Author: Rob Bates - Published 16-10-2019 12:00
The Gemological Institute of America (GIA) is expanding its gem guide for artisanal miners to other African communities after a successful pilot in Tanzania.

Gold prices fall today, down ₹2,000 from last month's highs; silver rates drop

Author: unknown - Published 11-10-2019 11:04
Gold prices in India fell sharply for a second day in a row, with futures prices on MCX down 0.23% to ₹38,072 per 10 gram. Domestic gold prices are now down about ₹2,000 from last month's high of ₹40,000 per 10 gram. Tracking gold, silver prices also fell 0.34% to ₹45,266. A weak global trend and a higher rupee weighed on domestic gold price. In global markets, gold prices edged lower today as optimism over US-China trade talks lifted the risk appetite. Equity markets were mostly higher across the globe. Spot gold prices were down 0.2% at $1,491.12 per ounce.

Rapaport Weekly Market Comment

Author: unknown - Published 10-10-2019 13:59
Diamond market quiet over Jewish holidays. Slight improvement in India ahead of Bharat Diamond Week, with buyers looking for polished before Diwali break (Oct. 27). Shortages in RapSpec A3+, nonfluorescent goods as manufacturers maintain low production. China retail sales +8.5% during Oct. 1 Golden Week. Luxury brands shifting high-ticket items from Hong Kong to Shanghai stores. LVMH 3Q jewelry & watch sales +8% to $1.24B. Sotheby’s HK sells $38M, with 10.64 ct., purplish-pink, IF diamond selling for $19.9M ($1.9M/ct.); auction also reflected sluggish big-stone market as 80.88 ct., D, FL diamond fails to sell. Rapaport offices will be closed on Oct. 14-15 for the Jewish holidays.

Bizarre 'nesting doll' diamond found inside another diamond

Author: MAYA WEI-HAAS - Published 10-10-2019 13:56
WHILE SORTING THROUGH the gems freshly unearthed in Yakutia, Russia, specialists working with the mining company ALROSA stumbled across something they’d never seen before: a tiny diamond entombed in the belly of a larger diamond. The so-called matryoshka diamond, named after Russian nesting dolls, weighs a mere 0.124 grams, and the outer gem is about as wide as a grain of rice is long, according to ALROSA’s announcement about the find last week.

Gems, jewellery exports decline 7% to $12.4 billion in April-August

Author: unknown - Published 10-10-2019 13:50
Gems and jewellery exports have declined 7 per cent to USD 12.4 billion during April-August 2019-20 on account of slowdown in demand in major developed markets. According to data from the Gems and Jewellery Export Promotion Council (GJEPC), the value of exports stood at USD 13.4 billion in the year-ago period.

ALROSA Diamond Inspector Showed High Results in the Assure Testing Program by the DPA

Author: unknown - Published 09-10-2019 13:55
The first Russian portable instrument for diamond verification ALROSA Diamond Inspector showed high results in the Assure testing, performed by the independent laboratory UL Verification Services, Inc. in Boston (USA). Due to three optical methods of analysis, ease of use and low cost in comparison with analogs, Russian device suits retail shops, pawnshops, distributors, gemological laboratories, jewelry manufacturers.
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