News in Special Topic
from Jewellery World Review Magazine HERE!
NEW BAZAAR DTC
out in force
Ms. Varda Shine, the managing director
of the London-based Diamond Trading Company (DTC), announced the
DTC would be sending a large delegation headed by the De Beers'
Chairman Nucky Oppenheimer to the forthcoming World Diamond Congress. Van
Cleef & Arpels redesigns Fifth Avenue boutique
In celebration of its
100 year anniversary, renowned jewelry house Van Cleef & Arpels
commissioned Randall A. Ridless to redesign the historical landmark
boutique at Fifth Avenue, New York with a unique design to highlight
its exclusive flagship boutique in the US. With an ambiance of elegance,
glamour and intimacy the archival influences of the house are portrayed
in a fresh light. The new boutique design elegantly brings together
the history and future of Van Cleef & Arpels. It is a true testament
of the commitment of the House to both the heritage and future of
the brand. Israel's
diamonds turnaround
Israel Diamond Institute (IDI) Chairman
Simcha Lustig expressed satisfaction at figures for March, 2006
which showed a rise in polished exports and imports, after declines
in the first two months of 2006. "I believe thaat the March
figures spell a turnaround for the Israeli diamond industry,"
He said. Net polished diamond exports from Israel rose 6.4% in March
2006, reaching US$672 million, compared to US$631.6 million in March
2005, according to statistics from the Israeli government. Since
the begining of 2006, net polished diamond exports had decreased
by 2.6% to US$1.901 billion. Dubai's
rough diamond
The total trade in rough diamonds
in Dubai grew by a record 46.25% in 2005, to US$3.734 billion, up
from US$2.553 billion in 2004 according to the Dubai Diamond Exchange(DDE),
a subsidary of the Dubai Multi Commodities Centre (DMCC). Dubai
exported diamonds valued at US$2.248 billion in 2005, while imports
for same period touched US$1.484 billion. In terms of carat value,
imports of rough diamonds stood at almost 37 million carats in 2005,
while exports from Dubai reached over 34 million carats, bringing
the total volume traded to more than 71 million carats. Dubai's
major trading partners for rough diamonds include India, Europe,
China, and Russia, "The UAE is one of the largest trading centres
in the world for rough diamondsand is ideally located within the
GDC region, which is the third largest consumer of diamond jewellery
in the world, after the US and Japan," said Dr. David Rutledge,
Chairman of Dubai Diamond Exchange. US rich spending In 2004 the number of US affluent
households grew 8.4% from 27.9 million affluent households in 2002,
according to Unity Marketing's new "Luxury Report 2006: Who
Buys Luxury. What They Buy, Why They Buy." Among the Affluent
market the segment with the highest income also grew faster than
any other. The super-affluents, those with incomes of US$150,000
and above, grew 18.1% from 2002 to 2004 to reach 6.6 million households,
more than twice as fast as the affluent market overall. Canada rids itself The
Canadian Jewellers Association (CJA) has rid itself of the Jewellery
Excise Tax effective May 2, 2006. "We are delighted that the
Conservative government has ended the inequity and confusion inherent
in the Excise Tax the content of Minester Flaherty's Budget,"
said Morris Robinson, Chair, CJA Government Relations Committee.
World's largest fancy pink Sundance
Diamonds, a leading high pressure high temperature (HPHT) diamond
processing service company, has announced that it has cut and processed
a large natural brown diamond in the world - 10.09 carats. ................................................................................................................................... BULLETIN
HRD
elects new board The
HRD Antwerp High Diamond Council announced the Election of a new
board of directors. For the first time in the history of the organization
, the new diamond dealer representatives on the board were elected by
the dealers themselves. This announcement comes after a period of
upheaval, which led the umbrella organization to restructure its
board. The elections mark the first phase of that restructuring,
said HRD. Kiah
wins best showroom After
about just one year in the city of Surat, India, the showroom of
Kiah Diamond Jewellery was adjudges the Best Showroom in the DTC
Diamond Season for 2005-06. Located strategically on one of Surat's
premier shopping destinations, the Kiah Showroom has become almost
a landmark for the city's jewellery shoppers. Gold
Jewellery fabrication GFMS
alunched "Gold Survey 2006" recently, its annual survey
of the world gold market . The possibility of a further strong increase
in the gold price was a key finding of Gold Survey 2006. ................................................................................................................................... TALKABOUT
Artic colored gemstone
The
long-promised diamond boom has finally come to the Arctic in its
wake newly recognized prospecting for colored gemstones and semi-precious
stones. Canada's diamond mining industry in particular has gone
from zero production five years ago to US$1.3 billion a year now,
making the country the world's third largest producer of rough diamonds
by value. Only Russia and Botswana are still ahead, and it likely
that Canada will surpass the former within two years. Princess
Margaret's Jewellery
Christie's will auction jewellery from the
collection of Her Royal Highness The Princess Margaret, Countess
of Showdon, in London on 13-14 June, 2006. This important and unparalleled
historic sale will celebrate and pay tribute to The Princess Margaret's
renowned beauty, style and taste, said Christie's. Comprising over
800 items, with estimates ranging from under GBP100 to over GBP500,000
the auction will feature a selection of jewellery and Fabergw, as
well as a broad range of other objects. COLOURED STONES Moonstone
"It
is very powerful stone in the reconciling of love, and during the
whole time of the increase of the moon, it helps the pthisical(consumptive);
but in the decrease it discovers surprising effects, for it enable
a person to foretell future events." -- Camillus Leonardus,
Sixteenth-century Physician. ...................................................................................................................................
