Indian diamond and jewelry brand Tanishq in early July introduced a new line Inara, which was the continuation of the collection of diamond jewelry, debuted in 2013, reports Rapaport.
The new line consists of jewelry from white and yellow gold with a spray of white rhodium, which emphasizes the brilliance of brilliance, according to the materials of Tanishq. Ornaments Inara - necklaces, earrings, rings, bracelets - are encrusted with colored gems such as rubies, emeralds, blue, pink and yellow sapphires.
Senior vice president of retail sales and marketing of Titan Company Sandeep Kulhalli (Sandeep Kulhalli) said: "The Tanishq brand has always been a pioneer in the manufacture of jewelry with new-generation diamonds for every taste. We are pleased to again present the collection with innovative and unique designs, which is designed for Indian women who consider jewelry to be a continuation of their image. Jewelry glorifies a woman and combines the elegance of diamonds and modern design. "

Chow Tai Fook Jewelery Group Ltd. unaudited data for the first fiscal quarter ended June 30, 2014. According to the company, sales for the reporting period fell by 32% on a year-on-year basis, Rapaport reports.
Sales in comparable stores fell by 40%, while in mainland China, sales revenue fell 28% on a year-on-year basis, while in Hong Kong, Macau and other Asian markets, sales fell by 50%.
According to Chow Tai Fook, the year-on-year drop in sales was due to the extremely high figures of the previous year, when gold jewelry demand sharply increased due to the decline in gold prices. Nevertheless, during the reporting period, the company saw an increase in sales of jewelery with precious stones by 2%.
For the first fiscal quarter, Chow Tai Fook opened 46 new outlets in mainland China, 4 - in Hong Kong, Macao and other Asian markets, so the total number of stores by June 30 reached 2,123.

Beginning June 30, all the services for colored gems that were previously offered by the GIA offices in Bangkok, Carlsbad and New York became available in the laboratories of the Gemological Institute of America (GEM) in Hong Kong and Tokyo, Rapaport reports.
The laboratories in Hong Kong and Tokyo hired highly qualified personnel and purchased specialized equipment for the implementation of additional services.
"Both Hong Kong and Tokyo are important global centers for the trade in colored gemstones, and we want to improve the quality of service and expand the range of services for our customers," says Kenneth Scarratt, GIA's Managing Director in the Southeast Asia region. "This is one of the initiatives aimed at increasing consumer confidence in precious stones and jewelry."
The GIA services available for color gemstones in Hong Kong and Tokyo include the identification report, the identification of origin, the preparation of GIA Gem Passbook ™, as well as new services: determining the origin of red spinel, marking on cut rubies and sapphires weighing from 0.5 carat, compilation of Portrait Report and Notable Letter.

Organizers of the Antwerp Diamond Trade Fair (ADTF) announced the dates of this unique event in 2015. The sixth edition of the ADTF closed diamonds fair is scheduled for February 1-3, 2015, coinciding with other prestigious jewelry industry events in the region and giving visitors the opportunity to organize their schedule most efficiently.
The ADTF fair, a joint initiative of the Antwerp Diamond Bourse, the Diamond Club of Antwerp and the Antwerp Diamond Kring, is opened in the trade halls of these exchanges, which are specially designed to exhibit around 90 leading Antwerp manufacturers and trading companies representing a wide range of diamonds, according to a press release received by Rough & Polished.
"Since its founding in 2010, ADTF has established itself as a unique event that allows jewelry manufacturers, retailers, and designers to purchase diamonds in the global diamond capital," said David Pienica, one of the founding members of the organizing committee of the ADTF. - The Fair became a mandatory item in the program of visiting many international jewelry companies, which by the end of the winter holiday season make up plans for purchases for the next year. "
According to Pienika, ADTF is pleased to welcome new visitors and brings to the list of invited jewelers who have not previously visited the fair.

In the first half of the year, polished exports from Israel showed an increase of 6% on a year-on-year basis and reached $ 3.552 billion, according to data released by the Ministry of Economy. In terms of volume, polished exports fell 7% to 1.335 million carats, while the average price of exported stones jumped 14% to $ 2,661.97 per carat, Rapaport reports.
Israeli polished imports increased 3% to $ 2.153 billion during the reporting period. Net polished exports from Israel (excess of exports over imports) increased 11% to $ 1.399 billion.
According to the Ministry of Economy, rough imports to Israel in the first half of the year increased by 1% to $ 2.053 billion, but the volume of imports fell by 6% to 5.206 million carats. The export of rough diamonds for the period increased by 6% to $ 1.752 billion, while the net import of diamonds fell by 22% to $ 302 million. The
Israeli net diamond account (the difference between total exports and imports of diamonds and diamonds) in the first half increased by 25% $ 1,097 billion

One of the leading Indian jewelery retailers PC Jeweller is considering opportunities to increase the number of outlets and plans to open 15 new stores, the Diamond World portal reports.
PC Jeweller hopes to lower the 10 percent duty on gold imports. In the near future, the budget of India for 2014 will be presented. Earlier, the company noted that an increase in the import duty on gold to 10% last year had a negative impact on the development of the jewelry industry. PC Jeweller hopes that the new budget will provide for a reduction in the duty rate to 4%, the report said.

Imports of polished diamonds in the US in May 2014 decreased by 2.7% on a year-on-year basis, to $ 3.105 billion, which marked the first month of decline since 2009. The average cost of diamonds imported in May fell by 3.1% to $ 2,052 per carat. Meanwhile, polished exports jumped 32.7% to $ 1.97 billion, which led to a reduction in net polished imports by 33.5% to $ 1.135 billion. The average price of exported stones jumped by 29.3% to $ 2,110 per carat, the report said. Rapaport.
US imports of rough diamonds for the month increased by 15.1% to $ 61 million, while diamond exports jumped 213% to $ 47 million; net imports of rough diamonds in the US in May was $ 14 million, compared with $ 38 million in May 2013.
The net diamond account of the USA for May 2014 (the difference between the total imports of diamonds and diamonds) fell by 34.2% year-on-year to $ 1.149 billion.
In the first five months of 2014, polished imports in the US showed an increase of 5.6% to $ 10.593 billion, which is due to an increase in the average price of exported stones by 11% to $ 2,050 per carat. The polished diamond exports increased 13.1% to $ 8.549 billion during the reporting period, while the net polished imports amounted to $ 2.044 billion compared to $ 2.474 billion in the same period in 2013.
Imports of rough diamonds in the US jumped 71.2% to $ 330 million from January to May, while exports of rough diamonds increased 113.6% to $ 235 million. The US
net diamond account for the 5 months of 2014 fell 16.3% to $ 2.138 billion .

Belonging to the De Beers group, the diamond brand Forevermark expects that in 3-4 years India will account for about 30% of its total sales revenue.
Currently, Forevermark's sales in India are around 15% of the total global sales.
IdexOnline portal quoted the statement of Forevermark CEO Stephen Lussier that despite the fall of the Indian economy, last year sales by volume and in value terms jumped by 40%. According to him, the growth is due to the fact that the Indians began to consider diamonds as an alternative object of investment.
Lussier noted that prices for Forevermark diamonds are growing, and last year they increased by 15%, and this year it is expected that the brand's sales will be about 50,000 diamonds.
"Together with the changing role of Indian women, their buying preferences are changing," said Lussier. "Now women are looking to buy more modern jewelry that fits any clothing, and it is here that diamonds play an important role as a universal product."
The Forevermark brand entered the Indian market three years ago, and demand for branded diamonds in small Indian cities is expected to grow soon. Forevermark products are currently available in 19 cities in India.

In May 2014 Swiss watch exports increased by 1.2% on a year-on-year basis, to $ 2.1 billion (1.87 billion Swiss francs), according to the Federation of the Swiss Watch Industry. The growth of exports provided sales of watches made of precious metals, Rapaport reports.
The export of watches grew by 2% to $ 1.99 billion (1.77 billion Swiss francs) for the month, while exports of goods fell by 5% to 2.1 million pieces. The export value of other watch products declined by 10% to $ 44 million (39.1 million Swiss francs).
The Federation explained that exports of Swiss watch products to Hong Kong slightly decreased by 0.8% to $ 383.5 million (341.1 million Swiss francs) in May, while exports to the US grew by 3% to $ 228 million (203 million Swiss francs) .
The sharpest growth was demonstrated by exports to Japan, up 10% on a year-on-year basis to $ 122.9 million (109.3 million Swiss francs). The export of watches to Italy rose by 0.9% to $ 140 million (124.5 million Swiss francs), while exports to France grew by 3% to $ 124.5 million (110.7 million Swiss francs). The export of Swiss watches to China slightly decreased by 1% to $ 131.2 million (116.7 million Swiss francs).
As a result of the first five months of 2014, the total Swiss watch exports increased by 3.3% on a year-on-year basis and amounted to $ 9.739 billion (8.663 billion Swiss francs), while the number of watches sold was 10.7 million units.

Vice-president of sales of the watch brand TAG Heuer Patrick Pruniaux (Patrick Pruniaux) resigned from the Swiss watch company and since July 7 working in Apple, reports Rapaport referring to the agency Reuters.
The Tag Heuer brand belongs to the LVMH group specializing in luxury goods. A spokesman for Tag Heuer said that Prunio was probably hired by Apple to promote the iWatch launch campaign this fall.
The appointment of Pruno indicates that Apple plans to position iWatch in the luxury goods market.
Jean-Claude Biver, the head of the watch division of LVMH and supervising the brands Tag Heuer, Zenith and Hublot, told Reuters that participants in the Swiss watch industry should take seriously the threat of spreading "smart clocks" in the market.

As a result of the second quarter of 2014, the index of prices for small diamonds (Rapaport Melee Index, RMI) increased by 1% to 138.78 points, according to a press release Rapaport. At the same time, the current value of the index is 3.4% higher than the corresponding figure in June 2013 (134.24 points).
After a good start to the year and a surge in the 1st quarter, when jewelers were replenishing stocks after the Christmas and New Year seasons, in the second quarter, diamond trade slowed. Purchases of diamonds were carried out mainly to fulfill existing orders. However, despite the lull, the mood in the market in June remained quite positive.
It is expected that the third quarter will be a difficult period for participants of diamond trade, as it was in the last few years. At best, diamond prices will be stable, which will reduce the profit margins of diamantaires and may lead to a drop in demand for rough diamonds.
"In the second quarter, prices stabilized after the intensification of trade in the first quarter. Prices for some categories of diamonds fell due to slowing of trade, but small diamonds were sold very well and even reached record high prices in June, when companies were looking for stones to fulfill orders. Trading activity in the summer will decline, and by the end of the third quarter, demand and liquidity are expected to grow, "said Ezi Rapaport, Director of International Trading Operations at Rapaport Group.

In two months, the next International diamond week will open in Israel, and the Israeli Diamond Exchange (IDE) will once again accept hundreds of diamantaires and buyers who are already preparing for a four-day diamond trade festival. International diamond week will be attended by dealers from Israel, India, Belgium, USA and many other countries. In the IDE's sales hall, polished diamonds for a total of over $ 1 billion will be auctioned, according to a press release received by Rough & Polished.
"Nearly two years after the presentation of IDE's concept of the International Diamond Week, we were able to realize the idea, and this event was an important event in the trade between diamond exchanges from around the world," the IDE president said. - By inviting many IDE members to this event where they can interact with members of the Beurs voor Diamanthandel and the Diamond Dealers Club of New York, we create a unique temporary trading platform for transactions and communication . Our experience demonstrates the tremendous benefits of this event, and we look forward to colleagues from the Antwerp Diamond Exchange, who will participate for the first time in the International Diamond Week. "
The president of the Antwerp Diamond Exchange, Marcel Pruwer, said that diamond exchanges are shaping a new overall development dynamic that will dramatically change the rules of the game in the diamond and jewelry industries, providing participants with greater value, liquidity and opportunities, expanding the trading platform and increasing profit margins and profitability in world trade in diamonds. "

After two months of high volatility in the polished diamond market in June, prices for precious stones stabilized, and trade was conducted in narrower price corridors, according to Polishedprices.com.
The main price index for PolishedPrices polished at the end of June was 149.2 points, 2% higher than the corresponding value at the end of May 2014. The average value of the index in June was 0.1% higher than the average in May and was 4.9% higher than in June 2013.
At the same time it is reported that the prices for polished diamonds remained 14.6% lower than the peak values recorded in August 2011. "By the end of this year, we expect a slight increase in prices, but they are unlikely to reach pre-crisis levels," the report said.

The total sales of jewelry and watches in the US in May showed an annual increase of 5.6% and reached $ 7.192 billion, Rapaport reported citing preliminary government data.
Data on sales for April did not change, but the data for March were revised downward. Preliminary results of sales of jewelry and watches in the first five months of the year show an increase of 3.4% to $ 29.95 billion.
Sales growth since the beginning of the year was consistently small and kept within a few percent, however in May the growth was the most significant since November last of the year.
It is reported that sales of jewelry and watches grew by 3.8% in December, by 3.9% in January, by 3.7% in February and March and by 2.3% in April.
The US consumer price index for jewelry (CPI) in May fell by 4.3%.
Sales of watches in May rose by 6.8% to $ 871 million, and CPI for this category of goods decreased by 0.9%.
According to Rapaport, jewelery sales in the US increased 3.1% to $ 26.394 billion from January to May, while sales of watches increased 3.9% to $ 3.556 billion. Sales growth rates lag behind the average for 2013, according to which the sales of jewelry increased by 7%, and sales of watches by 8%.

Indian exports of gold jewelry from the domestic tariff zone in fiscal year 2013-14 jumped 141.58% year-on-year to $ 5.68 billion. Meanwhile, exports of these goods from special economic zones (EPZs) fell sharply by 66, 28% to $ 5.36 billion compared to $ 15.9 billion in the 2012-13 fiscal year. This trend is already observed in the current fiscal year. In April-May 2014, exports of gold jewelry from the domestic tariff zone increased by 13.61% year-on-year to $ 728.69 million, while exports from the SEZ fell by 30.19% to $ 542.72 million.
The sharp increase in the export of gold jewelry outside the FEZ and the corresponding decline in exports through the SEZ amid weak demand in foreign markets have attracted the attention of the government. There were fears about whether this situation is plausible and natural, because the growth in turnover in the zones where local tariffs and taxes are operating, and the drop in sales in exempted from taxes and duties SEZ looks illogical.
The government is studying the situation and suggests that exporters from the domestic tariff zone could fraudulently increase the cost of deliveries to countries with low taxes or preferential tax treatment in order to apply for benefits (for example, duty-free imports). According to some suspicions, the goods exported in this way are then returned to the country, and gold is used for subsequent exports. The execution of such circular transactions allows counterparties to obtain huge revenues.
Large exporters are also profiting from the Reserve Bank of India (RBI) scheme 20:80 (when designated banks or agents can import gold only with the subsequent export of 20% of this volume).
It is reported that some major exporters from the domestic tariff zone sell 80% of imported gold on the domestic market with a 6-8% premium (even taking into account the 10% duty), using the deficit of yellow metal in local markets amid import restrictions, Financial Express .
On the other hand, SEZs are free trade centers and can ensure the import of gold without customs fees only for export after the creation of value added.

The Government of India is considering the introduction of a 10 per cent import duty on synthetic diamonds in order to eliminate the price difference between synthetic and natural diamonds, reports The Indian Express.
"The price of artificial diamonds is lower than the natural price by 30-60%, and this difference can be used by unscrupulous traders to deceive buyers. In order to protect the interests of the market for natural diamonds, it is necessary to consider the possibility of imposing a duty on synthetic diamonds, similar to the fee for other artificial precious stones, which currently stands at 10%, "one senior Finance Ministry official said.
As an additional measure aimed at protecting the interests of consumers, the ministry can also impose a duty of 5% on imports of synthetic diamonds.
The Indian government is considering the cancellation of a 2 percent import duty on polished colored gemstones to enable India to compete with such major international centers of cut as China and Thailand.

Germany intends to preserve gold reserves totaling 104 billion euros in British and American banks, despite calls by a number of German politicians to return the national gold reserves to Berlin in the event of a possible euro collapse.
"Americans provide good care for our gold," said German Finance Ministry representative Norbert Barthle to Bloomberg.

California jewelry retailer Windsor Diamonds with the financial support of the public jewelry company Zalemark intends to open a new network of 50 stores in the US within five years, JCK Online reported.
The first stores will appear near the first Windsor store in Folsom, California. From this point the network will expand in northern and southern California. It is also expected to enter the markets of other states - Arizona, Utah and Nevada.
The new network of diamond jewelry stores will include both Windsor Diamonds stores and Windsor Diamonds Outlets discount stores. The company's strategy provides for "aggressive pricing and active marketing", including the participation of celebrities.
The new retail chain will focus on the wedding segment of the jewelry market and will attract customers with high incomes.
An additional incentive to create the network was the ongoing consolidation of the industry, in particular the recent Signet Jewelers deal on the purchase of Zale.
"We believe that with the dominance of Signet in the industry, they will inevitably begin to dictate terms to other participants," said CEO Joe Purnell, "so we are sure that there are many suppliers interested in working with us." The company is open to cooperation with partners to create a joint jewelry production.

Company Gemesis Inc. reported the appointment of Lisa Bissell (Lisa Bissell) as president and CEO of the company, reports Rapaport.
The company defines Bissel as a well-known and recognized expert with 26 years of experience in the industry. For 19 years, Bissel worked for M. Fabrikant & Sons and worked on the development of new independent brands and collaborated with jewelery designers in the creation of new products.
Bissel stated that it was a great honor for her to work in the Gemesis team. "We already have an amazing product, and now we need to successfully position it in the industry."
Gemesis announces its commitment to ensuring transparency and declaring the origin of diamonds grown in the laboratory.

One of the important events within the framework of the 11th Jovella Jewelry Fair, taking place on 1 and 2 July in Israel, will be a presentation of a fantastically bright pink diamond weighing 6.52 carats, which is estimated at $ 15,386,000, Israelidiamond.co.il reports.
This impeccably clean diamond of excellent cut will be the most expensive diamond ever exhibited in Israel. The diamond demonstration is organized by the Israeli division of the IGL laboratory, which received a stone from London. A diamond belonging to an Israeli merchant is not put up for sale.
"This year, a lot of new exhibitors and visitors are expected to attend the Jovella exhibition," says Israel Or, managing director of IGL Israel, which produces 80% of jewelery certificates in Israel. "Despite the negative forecasts for the diamond industry, positive feelings are felt at the fair."
Edi Faltz Diamonds & Jewelry CEO Edi Faltz, who regularly participates in the fair, notes that the geography of the participants is expanding every year. His company offers a wide range of products, from watches to bracelets, including sophisticated jewelry, the production of which requires appropriate technology.
It is reported that a delegation of Russian businessmen showed interest in Israeli jewelery and diamond products, and special attention was attracted to white gold jewelry with diamonds. The Jovella exhibition was also visited by delegations from the United Kingdom, USA, South Africa, France and Germany.

Against the backdrop of the complication of the situation and tougher credit conditions in the diamond industry, the Council for the Promotion of the Export of Precious Stones and Jewelry (GJEPC) organized the Banking Summit, held on June 28, 2014 in Mumbai.
Recently, the banks of Antwerp Diamond Bank (ADB) and ABN Amro have significantly reduced the crediting of diamond purchases by diamantaires. Similarly, Indian banks began to exercise excessive caution in securing financing for companies operating in the gem and jewelery sector.
In the provision of debt financing, creditor banks began to more closely check counterparties, including sightholders of DTC, ALROSA clients and Rio Tinto, which is associated with a growing number of defaults on loans in Surat, Mumbai and Antwerp. This had a negative impact on the entire sector, especially on small and medium-sized enterprises, which faced a severe shortage of funding.
The summit was organized to facilitate the situation in which participants in the precious stones and jewelery sector found themselves and ensure their interaction with bankers and the Indian government. The Bank Summit in 2014 was attended by senior officials of the banking sector, the precious stones and jewelry industry and the Ministry of Finance of India.
The central topics for discussion were the financing of the precious stones and jewelery sector, loan guarantees and a number of other issues. Industrialists talked about the current scenario of the development of the Indian jewelery and jewelry industry, and the banks as a whole expressed their support, and also talked about actual problems.
Although the "transparency" of the company's activity is a high priority criterion in the selection of customers, banks advocate for corporateization of borrowers to ensure a more complete evaluation of companies.
GJEPC Chairman Vipul Shah spoke about the pace of growth in the Indian gem and jewelery sector over recent years and the challenges faced by companies, adding: "We called on the Ministry of Finance or raise the capital of the Export Credit Guarantee Corporation (ECGC), or ask the IRDA insurance market regulator to give greater freedom to local insurers so that local banks can take credit guarantees from international organizations. "

Winsome Diamonds & Jewelery Ltd. reported the appointment of Jaikumar Kapoor (Jaikumar Kapoor) as Managing Director, the relevant decision took effect immediately, Rapaport reports.
The Board of Directors of Winsome Diamonds unanimously voted to appoint Kapoor to this post during the meeting held on June 23.
The appointment of Kapoor is subject to approval by creditor banks, shareholders and the central government of India, the report said, sent to the Bombay Stock Exchange (BSE).

The Hong Kong-based jewelry company Luk Fook Holdings reported revenue growth of 43% year-on-year to $ 2.478 billion (19.214 billion Hong Kong dollars) for the fiscal year ended March 31, 2014, Rapaport reports. The group's profit jumped 49.8% to $ 240.8 million (1.867 billion Hong Kong dollars). The growth of financial indicators is based on the surge in demand from tourists and the increase in sales of gold products.
Retail business Luk Fook remained the main driver of the group's sales growth. Retail sales jumped 48% to $ 2,085 billion (16.163 billion Hong Kong dollars) for the fiscal year, and accounted for 84% of the company's total revenue. Luk Fook's wholesale sales increased by 20% to $ 313.7 million (2.432 billion Hong Kong dollars).
By product categories, sales of platinum products increased by 53.6% (the share of revenues from platinum reached 67.2% of total sales). Sales of jewelery with precious stones increased by 26%, accounting for 33% of total sales.
Over the past fiscal year, Luk Fook has opened 186 new outlets, including 181 licensed stores. As of the end of the fiscal year, Luk Fook had 1,268 outlets in mainland China, Hong Kong, Macau, Singapore, the USA, Canada and Australia

The Responsible Jewelery Council (RJC) published its first Industry Impact Report, Building Responsible Jewelery Supply Chains, which examines the early years of the validation of RJC certification programs for the period from 2010 to 2013 years.
The main goal of the report is to answer the question "What is the significance and influence of this program?". As a full member of the International Alliance for Social and Environmental Accreditation and Labeling (ISEAL Alliance), the RJC must report annually on the implementation of its monitoring and evaluation programs. This process gives RJC valuable feedback and an idea of the effectiveness of its activities and leads to improvement.
The report is based on audit data and independent research. He showed that RJC is an effective catalyst for change, helping companies "create better business practices."
"The data from the first RJC report demonstrate its positive impact that has been achieved to date and point to work that remains to be done," said RJC Standards Development Director Fiona Solomon. "We will publish updates to the report annually, to maintain a dialogue about what we are doing well, and what we could do better. "
The report separately notes the positive impact of RJC certification in India. According to an independent study, RJC standards help the Indian industry "manage the main risks."
According to the report, today there are more than 270 000 people worldwide working at more than 5 900 sites that cover RJC certification.

The Board of the Council for Responsible Jewelery Council (RJC) announced the appointment of Ashish Deo (Ashish Deo) as the company's CEO. Ashish will take office on September 8, 2014 and will be based in the London office of the Council.
The new CEO has extensive international experience gained in working with leading international consumer and luxury brands. Prior to his appointment to the RJC, Ashish worked at the Fair Trade Foundation as a commercial director.
"I personally welcome the Board of the Council to the appointment of Ashish Deo, who can be proud of the vast experience in the strategic and geographic aspects of the activities," said RJC Chairman James Courage. "It will be a strong addition to our existing management team and will support the expansion of the number of RJC members and support services across all markets."
Deo's experience with major consumer brands in Asia, North America and Europe means that Deo's strategic and commercial skills will be highly sought after by RJC, which focuses on Asia and expands in other regions.

At one time, the Gujarat Hira Bourse (GHB) exchange in Surat was commissioned by the then Prime Minister of Gujarat, Narendra Modi (Narendra Modi), 1 million square meters. m land in Ichhapur (Ichhapore). However, a decade passed, and the jewelry park planned there did not work, according to the TOI.
In 2004, about 350 large and small diamond companies engaged in the production of diamonds and jewelry in Mumbai and Surat, bought sites for the construction of industrial enterprises in a special economic zone (SEZ). It was assumed that the park will work for three to four years. However, from year to year the launch of the project was postponed; To date, about 2 billion rupees have been invested in the GHB. The project managed to build only the main infrastructure elements, and seven facilities are under construction.
Two years ago, the GHB filed an application for the removal of the status of a special economic zone from the park, since the government abolished the tax benefits and preferences. Members of the jewelry park in Ichapur in 2004 bought land at a price of Rs. 3,500 per 1 square meter, and by now prices have jumped to Rs. 7,500 to Rs. 8,000 per meter, and it is likely that the park will only include 7 enterprises.
However, the founders of the GHB seem ready to continue the development of the project and hand it over within 2-3 years. GHB Co-Secretary Praveen Nanavaty said 70% of the area of ​​the jewelry park was reserved for SEZ enterprises, and if the authorities did not abolish tax incentives and preferences, the park would have been operating three years ago. Now, after changing the status of the territories, the parcels of the park will be accessible to enterprises that are not export-oriented.

One of the largest Chinese online diamond retailers Kela and Israeli company Leibish & Co., which specializes in the supply of non-ferrous diamonds, announced a long-term strategic partnership, under which Leibish & Co. will be the exclusive supplier of fancy colored diamonds for Kela.
Sales of Kela last year reached almost $ 120 million.
The official ceremony of signing the agreement was held at the Hong Kong Jewelry and Gem Fair on June 19 with the participation of President Leibish & Co. Leibish Polnauer and Chairman Kela Guo Feng. The consul General of Israel in Hong Kong and Macau Sagi Karni and the business development director of the exhibition operator UBM Asia, as well as the founder of the news resource Jewelery News Asia, Letitia Chow, wished them successful cooperation.
"Combining our knowledge of the market of colored diamonds and e-commerce with Kela's huge client base and their knowledge of the region will open an ordinary Asian consumer access to high-quality natural diamonds of fantasy colors," Leibish said. "We are confident that this partnership will primarily benefit customers, and will strengthen Kela's position as the main supplier of diamonds and diamond jewelry in Asia, through the involvement of Leibish & Co. as the main source of colored diamonds. "
Kela will represent Leibish & Co.'s brand. in Continental China. The Israeli company will offer an exclusive collection for the online store Kela.cn. Kela will also show Leibish & Co products in well-known stores located in key cities throughout China.

The organizers of the International Diamond Week announced their readiness to provide professional buyers who confirmed their participation once again with free accommodation for 4 days in hotels reserved for this event. "We have booked rooms in several hotels located near the diamond exchange complex in Ramat Gan," said Moti Besser, Israel Diamond Exchange (IDE) general director. "These numbers will be provided to registered customers in order of circulation, so we encourage them to register as soon as possible."
Within the framework of the September Diamond Week, visitors will be able to use the computer program "Find Your Diamond", which was provided by the Israel Diamond Institute group of companies and was successfully tested at the largest international jewelry fairs in the pavilions of Israel.
IDE President Shmuel Schnitzer noted that the introduction of the diamond prospecting program will be a very valuable service for visitors to the international diamond week and sellers: "In the IDE trade hall, hundreds of Israeli, American and Belgian colleagues will be shown who will show unique diamonds and possibly , buyers will be difficult to determine which products they want to purchase. Introducing the initial data on diamonds in this program, they will easily find companies that have this product. "

According to some reports, the head of the Cabinet of Indian State of Gujarat Anandiben Patel (Anandiben Patel) has granted a request for almost 200,000 square meters. m of public land in the vicinity of the airport for the construction of the Surat Diamond Bourse (Surat Diamond Bourse), writes the publication TOI.
During her first visit to Surat last week, Patel held talks with members of the committee organized by the Surat Diamond Exchange. "After a thirty-minute presentation of the project, she expressed her consent to provide government land, and instructed the authorized district inspector to complete all necessary procedures for land clearance as soon as possible," said Chandrakant Sanghavi, chairman of the GJEPC regional office in Gujarat.
According to the report, SDB will be larger than the Bharat Diamond Bourse in Mumbai, and it is expected that it will provide between 20,000 and 30,000 jobs. The opening of the exchange will allow Surat to become the center of diamond trade and ensure a trade turnover of about 1.5 trillion rupees. The offices of the large diamond companies will be located in the premises of the SDB, and the sorting of rough diamonds will be carried out in Mumbai. It is reported that about 15,000 diamond traders, manufacturers and diamond traders expressed their desire to open outlets in the SDB.

Recently, a delegation of diamond traders and representatives of the Indian Council for the Promotion of the Export of Gemstones and Jewelry (Gems and Jewelery Export Promotion Council, GJEPC) met with Finance Minister Arun Jaitley, demanding to soften a number of standards in the precious stones industry and jewelry.
However, the Minister of Finance did not give any guarantees with regard to changing the current scheme of 80:20 gold imports, according to which only specially authorized agencies can import gold, subject to the subsequent re-export of 20% of these supplies.
According to Vipul Shah, the chairman of GJEPC, "the Minister of Finance has not given any guarantees that the issue concerning the import of gold will be considered. He said that any changes would have an impact on the exchange rate of the rupee. So we have not yet managed to get a positive response from him on this issue. "
If initially the coming to power of the government Narendra Modi (Narendra Modi) raised great hopes, but now the participants in the industry of precious stones and jewelry are in suspense.

Lucara Diamond plans next month to organize a second tender for "exceptional" diamonds mined at the Botswana Karove mine, which was commissioned two years ago.
The company said that 16 lots weighing from 30.69 to 258.69 carats will be auctioned.
Lucara added that 5 more lots of diamonds will be offered at the tender, each weighing over 109 carats.
A preliminary diamond survey will be held in Antwerp from 3 to 10 July and in Gaborone from 14 to 16 July.
Since the beginning of the development of the central and southern part of the kimberlite body in the 1st quarter of 2013, the Karove diamond mine has become known as a source of exceptional diamonds.
Lucara intends to annually sell up to 420,000 carats of diamonds obtained from this Botswana project.

Chow Tai Fook's earnings for the fiscal year ended March 31 jumped 34.8% year-on-year to $ 10 billion (HK $ 77.4 billion), Rapaport reports. The cost price of the goods sold for the reporting year jumped by 36.7% to $ 7.3 billion (56.3 billion Hong Kong dollars).
Sales in comparable stores showed an increase of 18.6%, while the best rates were recorded in Hong Kong, Macao and Taiwan (sales growth in comparable stores by 20.1%). Online sales of Chow Tai Fook rose by 90.7%.
The company's profit for the fiscal year increased by 31.2% to $ 970 million (7.5 billion Hong Kong dollars).
The company reported retail sales of $ 8.7 billion (HK $ 67.2 billion), while wholly-owned revenue reached $ 1.3 billion (HK $ 10.2 billion) for the previous fiscal year.
The stock of Chow Tai Fook increased by 55.8% year-on-year to $ 5.5 billion (HK $ 42.5 billion) as of the end of the year. The company cut 198,000 carats of diamonds compared to 189,000 carats of diamonds, cut in the previous year. Chow Tai Fook owns four diamond cutting and polishing enterprises, including a new plant in Botswana.
It is reported that in the reporting year Chow Tai Fook opened 241 points of sale, increasing the total number of outlets to 2,077.

On June 2, the government of India reduced tariffs for calculating duties on imports of gold and silver to $ 408 for 10 g and $ 617 for 1 kg, respectively, which is due to a weakening of world prices for metals in ingots. In the second half of May, the tariff for imported gold was $ 424 for 10 g, and for silver - $ 650 per 1 kg.
The size of the tariff is the base price from which the customs duty is calculated, it is established to prevent undervaluation of the gold trade and is revised twice a month, taking into account the volatility of world prices for precious metals.
The Central Council of Excise and Customs (CBEC) officially notified the reduction of the tariffs.
Because of the restrictions set by the Indian government, total imports of gold and silver fell in the fiscal year 2013-14 to $ 33.46 billion, compared to imports of $ 55.79 billion in the previous fiscal year.
Gold is the second largest item of Indian imports after oil, and the government has taken a number of measures to limit imports of gold to reduce the trade deficit. In particular, the import duty was raised to 10%, and traders were obliged to ensure the export of 20% of imported gold.

On May 18 and 19, the Board of Governors of the Gemological Institute of America (GIA) visited New York in the framework of the first meeting in 2014 and held the official opening ceremony of a new laboratory and GIA educational center located in the International Gem building Tower. In addition to discussing general issues related to current activities, the council paid much attention to the problem associated with the unprecedentedly high demand for GIA diamond identification and valuation services and the growing concern about the introduction of synthetic and processed diamonds on the market, Rapaport reports.
In order to solve the problem of increasing the timing of the evaluation of diamonds due to the high demand for GIA laboratory services, the governing body of the GIA instructed management to study the feasibility of establishing a laboratory in Surat, the center of the Indian diamond industry, and to provide support for the GIA program for hiring additional staff and implementation of other measures. The Council also decided to increase the amount of funding for further research on the ways to identify synthetic and laboratory-treated gemstones and introduce innovative technologies in this area in order to accelerate the evaluation process.
After the meeting, the chairman of the GIA Governing Council, John Green, said: "Over the past 18 months, the GIA has seen a sharp increase in demand for laboratory services, especially for diamonds weighing less than 0.5 carats. To solve the problem of extending the service delivery time, especially for the Indian diamond sector, which is becoming increasingly important, the GIA will consider creating a laboratory in Surat to bring our services closer to customers. "

Last Monday in Las Vegas, the largest American jewelry exhibition JCK Las Vegas was completed. About 23 thousand customers attended this event, which was attended by more than 2,500 exhibitors.
"The attendance level of the exhibition and the number of companies represented are comparable to the figures of the previous year," said Yancy Weinrich, vice president of one of the exhibition organizer's divisions, Reed Exhibitions.
According to feedback from participants, trading activity at the exhibition this year was slightly lower than in the past.
Vainrich stressed that "the jewelry industry, certainly, does not show growth in the context of the opening of new stores." "We have returned to the pre-crisis level," he said.
Nevertheless, the exhibition "showed an increase of 43% after the JCK Las Vegas moved to the Mandalay Bay hotel and exhibition complex four years ago," and the next year it is planned to increase the number of exhibition days.
The main trends of the exhibition, noted by the online edition of Rapaport News, were the active demand for diamonds weighing from 0.30 to 0.70 carats, a weak interest in certified diamonds weighing from 1 to 2.99 carats, and at the same time a large number of requests for large stones from 3 carats and above and the lack of diamonds of high quality and fine cut.

Christie's auction house held jewelry auctions in Paris, which resulted in revenue of $ 8.2 million and sold 83% of the lot, reports Rapaport.
The most expensive lot at the last auction was a ring with a 10.93 carat color D cut diamonds, VVS2 purity, type IIa, sold with a significant excess of pre-auction valuation for $ 1 million, or $ 91,523 per carat.
A necklace of natural pearls, diamonds, platinum and gold went under the hammer for at $ 918,519, twice the pre-auction estimate. The platinum ring from the Chaumet brand with diamonds and Kashmir sapphire is sold almost three times as much as the upper bound of the preliminary estimate - for $ 763,046.
Marie-Laurence Tixier, head of Christie's jewelry division in Paris, said that revenue at this auction was the second-largest in the history of the unit, noting that most of the bidders were betting on the phone and online, 75 participants were registered.

During the May 31 press conference in Las Vegas, the Gem and Jewelery Export Promotion Council (GJEPC) announced the preparation of a multi-stage business development program focused on the American, Canadian and South American markets. This campaign is designed to strengthen and expand GJEPC's efforts to develop business and establish trust relations between key Indian jewelery companies and their counterparts working in the above markets.
At the initial stage, GJEPC organizes a series of Business Development Conferences (BDC), which will allow to meet with colleagues in the American continent and personally discuss various issues and find solutions to problems. Then the groups will work on developing the "best practices of doing business", which are developed taking into account the rapidly changing business environment. In the future, steps will be taken to create an atmosphere of cooperation and organize private meetings of sellers with customers, as well as to promote new ideas for the development of business partnerships and personal ties.
Business development conferences will allow both groups of interested participants to listen to speeches and presentations on topical issues put up for discussion among colleagues, build mutually beneficial economic relations and establish personal ties. In addition, after the launch of the campaign, GJEPC plans to sponsor additional events to deepen this interaction.
As the chairman of GJEPC Vipul Shah said: "We know that the American, Canadian and South American markets are of great importance for the Indian jewelery and jewelry industry. India is for these regions one of the leading and priority areas for the purchase of precious stones and final jewelry products. We look forward to meeting with our colleagues from America to discuss all important issues of jewelry trade and to find ways to improve joint activities to achieve even greater success. "
In 2013, Indian exports of precious stones and jewelry in the US reached $ 4.79 billion, an increase of 13% compared to $ 4.03 billion in 2012.
The first phase of the three-year campaign envisages a series of meetings for business development, and GJEPC plans to complement them with several events in support of this initiative. According to Shah, the first Indian-American four-day meeting (2014 Indo / US Business Development Conference) will be held in Chicago from September 5 to 8.
The participants of the meeting will be able to discuss ways of cooperation on all aspects of jewelry trade, including the production of diamonds, design, manufacturing of jewelry, the purchase of raw materials and retail sales.
Shah added: "The September meeting will be the debut event of this format in the US. For us, this is an important promotional campaign in the Western world, which will allow us to better know not only customers, but also colleagues and competitors. We hope that in this ever-changing world such meetings and initiatives will provide India with a close connection with the world community and following world trends, as well as compliance with modern technologies ... The Indian business community is one of the pioneers in developing ethical business practices through various corporate social programs such as the adoption of a "policy on the renunciation of the use of child labor". GJEPC, which is a responsible member of the Kimberley Process, guarantees the purity of the diamonds in circulation and production. "
Deputy Chairman of the GJEPC Pankaj Parekh, in his turn, added: "We will be happy to develop cooperation and deepen business and personal relations with our American colleagues. Visiting important markets will help us to better understand local consumers and understand how to build a common business. " According to Parekh, 15 Indian exporters and 15-20 companies from North America will take part in the nearest meeting in Chicago.

According to the results of jewelry auctions auction house Christie's in London received revenue of $ 13.6 million (GBP 8.1 million) and sold 73% of the total number of lots, reports Rapaport. The most expensive lot sold at auction was the Bulgari watch with rare enamel and diamonds made in 1965 - they went under the hammer at a price of $ 1.1 million, setting a record for the serpentine Bulgari, ever sold at auction.
Among the notable lots at auction are a diamond with a weight of 18.27 carats of purity VVS1, a fantasy yellow-brown color, set in a bracelet that was sold for $ 635,842, and a ring with a pear-shaped diamond of 5.01 carats color D, purity IF sold for $ 364,114, which is equivalent to $ 73,000 per carat.
A brooch with diamonds and Kashmir sapphire weighing 4.6 carats of kashon cut was made at the beginning of the 20th century and sold at Christie's auction for $ 304,958, or $ 66,000 per carat, and a diamond ring with a 8.5-carat diamond cut was sold at a price $ 264,854, or $ 31,159 per carat.
The next Christie's jewelry auction will be held in New York.

According to preliminary data of the Gem and Jewelery Export Promotion Council (GJEPC), Indian polished exports in April rose 8% year-on-year to $ 1.634 billion. The export volume remained stable at 2.605 million carats, Rapaport. Imports of polished diamonds increased 4% to $ 417 million for the month, thus the net polished exports for April reached $ 1.217 billion, compared to $ 1.432 billion for the same month a year earlier.
Indian rough imports in April rose 2.7% to $ 1.985 billion, while rough diamond exports fell 35.4% to $ 106 million. Net diamond imports rose 11.9% compared to April 2013, making up $ 1.879 billion
The deficit of the Indian net diamond account for April (the difference between net exports of diamonds and imports of diamonds) rose to $ 662 million compared to $ 242 million for the same period in 2013.
It is reported that Indian imports of synthetic gemstones in April fell by 7.3% to $ 5.33 million, while exports of synthetic raw stones jumped by 105.7% to $ 6.9 million.

AWDC is again organizing two corporate events in Shanghai after the success that similar initiatives ended last year.
This is an informal event Antwerp Diamond with the participation of the best Chinese jewelers and special events for the most important guests - Antwerp Diamond Night. Both events will be held on October 14 as part of the visit to Shanghai of the Antwerp trade and economic mission, which is scheduled for October 12-15.
The mission, led by the mayor of Antwerp, presents a unique opportunity for the members of the Antwerp diamond community to expand the trading network in Shanghai and establish new contacts with Chinese companies.
The mission is organized in cooperation with Flanders Investment & Trade and the Belgian Consulate in Shanghai and is dedicated to the 30th anniversary of the twinning between Antwerp and Shanghai.
On the occasion of the visit of the guests in Shanghai, a fashion show will take place, during which diamond jewelery made in Antwerp will also be demonstrated.

According to a recently released report on the jewelry industry of China in 2013-2016 (China Jewelry Industry Report, 2013-2016), last year jewelry sales in China reached $ 75.8 billion. The share of this country in the world consumption of jewelry products was 41.2 %.
The report also reported that sales of gold jewelry in mainland China last year rose 42.5% to 717 tonnes. Reducing the price of gold pushed buyers to buy products from this metal.
According to the results of market research, the report announced the leading jewelry brands in China, including Hong Kong and the mainland China. Leaders included Chow Tai Fook, Lao Feng Xiang, Shanghai Yuyuan Tourist Shopping Center, Chow Sang Sang and Luk Fook. Chow Tai Fook currently owns the largest share of the Chinese market - 8.63%, followed by Lao Feng Xiang, whose share is 5.34%.

Exports of polished diamonds from India in May 2014 fell 8% year-on-year to $ 1.636 billion, according to preliminary figures from the Gem & Jewelery Export Promotion Council (GJEPC). In terms of volume, exports decreased by 14% year-on-year to 2.807 million carats. As a result, the average value of exported diamonds increased by 7% to $ 583 per carat, Rapaport reports.
Indian diamond imports fell 21% to $ 422.44 million in the month. Net diamond exports from India (the difference in exports and imports) decreased 2% to $ 1.214 billion.
Imports of rough diamonds to India declined in May by 6% to $ 1, 55 billion, while exports of rough diamonds rose 6% to $ 142.53 million. Net rough imports fell 7% to $ 1.407 billion.
India's net diamond account for May, which reflects the difference between net exports of diamonds and net imports of diamonds, showed a deficit reduction of $ 192.95 million compared to a deficit of $ 263.08 million a year earlier.
Imports of raw synthetic stones to India, including synthetic diamonds and precious stones, fell to 32% to $ 9.07 million in May, while imports of synthetic stones rose 33% to $ 8.79 million. The total exports of synthetic stones declined by more than doubled to $ 6.16 million.
In the first five months of 2014, polished exports from India fell 8.7% year-on-year to $ 8.656 billion, while polished imports fell 13.7% to $ 2.704 billion, resulting in a net exports amounted to $ 5.952 billion compared with $ 6.349 billion a year earlier.
Imports of rough diamonds rose 5.7% to $ 7.697 billion, but diamond exports fell 27.3% to $ 670 million, resulting in net imports of $ 7.027 billion compared to $ 6.361 billion a year earlier.
The deficit of India's net diamond account for the period from January to May rose to $ 1.075 billion compared to a deficit of just $ 13 million in 2013.

Chinese jewelry leader Chow Tai Fook announced a deal to buy the American luxury jewelry brand Hearts On Fire for $ 150 million. After the transaction, the Heart on Fire brand will be sold at Chow Tai Fook's retail chain in China, with over 2,000 outlets more than 470 cities of China.
"We welcome Hearts On Fire as a valuable partner who shares our vision of high quality and innovative products. This transaction is a strategic step and will allow us to complement our portfolio with an exclusive line of premium diamond products and enhance our position in the jewelry industry as a world-class diamond expert, "said Chow Tai Fook Chairman Henry Cheng.
Hearts on Fire founder and CEO Glenn Rothman noted that "Chow Tai Fook gives the diamond brand new channels of retail sales, powerful financial resources, high-tech production facilities, its innovative culture and creative talent." He expressed confidence that the leadership and wide retail network of the Chinese retailer in China will give Hearts on Fire the opportunity to "increase sales in a geometric progression."
"This is an unprecedented opportunity to develop the Hearts On Fire brand and increase the audience to millions of new customers," Rothman said.
Hearts on Fire was founded in 1996, last year its sales exceeded $ 99 million.
Chow Tai Fook is the world's largest jewelry retailer by market capitalization. The group reported that in the last financial year its profit increased by 31% and reached $ 970 million.

According to some reports, the De Beers group expects revenue growth, since its equipment for mass sifting of clay and various technological innovations will help to extract diamonds in the deep waters off the coast of Namibia.
Reuters reports that the "green machine", controlled remotely from a mining vessel called Mafuta, extracts diamonds, sifting sand and clay at a depth of 100 m or more under water.
The Mafuta vessel is the largest mining vessel of the operator Debmarine Namibia, a joint venture of the government of Namibia and De Beers, in which the partners own equal shares.
"Ten years ago, a sand sifting machine could develop areas from 200 to 250 square meters. m per hour, and now, according to our estimates, its capacity can reach 1,000 square meters. m per hour, "said De Beers Marine CEO Domingos Valbom. "This is the best way to produce marine diamonds, but it is necessary to find areas of certain geological characteristics, and for the machine to work, you need a suitable surface."
Debmarine Namibia, which bought the Mafuta ship last year for $ 60 million, said it should produce about 350,000 carats of diamonds a year, Reuters reports.

The highest officials of the four leading international representative bodies of the jewelry and diamond industry reached an agreement in Antwerp on the establishment of the Presidents Forum, which will become a joint advisory body consisting of heads of profile organizations. Forum participants will be coordinated efforts to discuss and formulate sectoral policies and strategies on important issues of interest to all industry participants.
The meeting was chaired by the president of the World Federation of Diamond Bourses, president of the World Federation of Diamond Bourses, Gaetano Cavalieri, president of the World Federation of Diamond Bourses (CIBJO), president of the CIBJO, WFDB and WDC Eli Izhakoff, with the participation of the president of the World Jewelery Confederation (CIBJO) WFDB) by Ernest Bloom, President of the World Federation of Diamond Bourses (WFDB), Maxim Shkadov and President of the World Diamond Council (WDC) Edward Asscher (Edward Asscher).
Following the meeting, the Forum of Presidents issued the following statement: "As elected presidents of international organizations, each of which has key national organizations and leading commercial structures in its fields among its members, we together represent the rank and file members of the global diamond industry, the jewelery and jewelry industry. The goal of the Presidents' Forum is to express the interests of all participants and stakeholders in the industry by discussing and agreeing on positions. " The statement notes that the priority task of the Presidents of CIBJO, WFDB and WDC will be discussion with the multilateral working group on precious stones "acceptable principles and actions to protect the integrity of the entire supply chain." To this end, the president of WDC will hold relevant consultations.
The first meeting of the Presidents' Forum was held in the framework of the 36th World Diamond Congress, held this week in Antwerp.

The demand for grown diamonds is growing, but a number of production factors hamper the development of the market, according to a press release from the consulting company Frost & Sullivan.
In the jewelry industry, the demand for colorless diamonds is higher than for similar stones of other colors. The inability to grow colorless diamonds has become one of the reasons why artificial diamonds have not become widespread in the jewelry industry in the past two decades. However, thanks to the latest technological developments, the situation has radically changed.
According to the Frost & Sullivan study "The Diamond Growing Greenhouses," which surveyed six of the largest diamond buyer countries, the potential demand for grown diamonds in these markets is quite large, although there are a number of factors associated with A proposal that could have a negative impact on the prospects for the development of the market.
According to the report of Frost & Sullivan, the main reason for buyers' interest in purchasing grown diamonds is changing their preferences towards environmentally friendly and socially responsible products. In addition, an important role is played by increasing consumer awareness of the differences and similarities between grown and mined diamonds.
However, despite the interest from buyers, the industry faces a number of problems. Among them - low growth rates of production capacities in diamond growing centers in Russia, China, Malaysia, Singapore, India, the USA and the Netherlands, high transaction costs and equipment costs, technological aspects.
"Every day we are trying to find ways to reduce costs. We need to think like producers and go beyond the research environment, "said Michael McMahon, CEO of SCIO Diamond Technology Corporation, the leading producer of cultivated diamonds.
The large amount of cash needed for the production of raw materials and the lack of knowledge of the creation of equipment and specific work processes affect the production potential. Mr. McMahon emphasizes: "Technology is kept secret. The process of developing new technological solutions is quite complex, and before these solutions are implemented in mass practice, it may take several years. "

The US consumer price index (CPI) for jewelry in May 2014 fell by 4.3% on a year-on-year basis to 169.36 points, setting the lowest level since December 2010, Rapaport reports. Compared to the previous month of 2014, CPI declined slightly.
CPI for the hours in May fell by 0.9% on a year-on-year basis to 120.37 points.
The decline in CPI on jewelry in recent months has affected price pressure on commodities. Prices for gold in May were almost 10% lower than the corresponding values ​​a year earlier, and platinum fell in price by 2% on a year-on-year basis.
In May, the RapNet diamond price index (RAPI) for certificated stones weighing 1 carat fell by 3.3%. The price index for diamonds weighing 0.5 carats rose by 5.1%, and diamonds weighing 0.3 carats went up by 8.5%. For the reporting month, stones weighing 3 carats fell in price by 2.6%.
The general consumer price index for all product categories in April increased by 2.1% on a year-on-year basis and reached a new record level of 237.08 points.

Auction company Ritchies Auctioneers will put up for auction in Toronto an unrealized fancy yellow diamond weighing 30 carats. The auction is scheduled for June 22, reports Rapaport.
The auction house reported that the preliminary estimate of this stone is several million dollars. At the auction Ritchies will be exhibited more than 300 lots, including a set of bracelet, ring and earrings with diamonds and emeralds weighing 158 carats, which is estimated at $ 750,000. In addition, the auction will be exhibited rare watches brand Patek Phillipe, expensive jewelry and watches , as well as drawings.

Participants in the 36th World Diamond Congress, which completed work on the day before in Antwerp, Belgium, expressed concern about the situation with the financing of the industry, the transparency of the diamond trade and the practice of mixing synthetic diamonds with natural diamonds.
The congress was attended by representatives of 30 stock exchanges that are members of the World Federation of Diamond Exchanges (WFDB) and 15 members of the International Diamond Manufacturers Association (IDMA), two associations that organize the World Diamond Congress every two years. They were joined by the World Jewelery Confederation (CIBJO) and the World Diamond Council (WDC).
"At the heart of our discussions were the sustainability and reputation of the diamond industry and trade in general," WFDB President Ernest Blom told reporters.
IDMA president Maxim Shkadov, for his part, said that members of the association he headed and WFDB had a long and intensive discussion on the diamond supply chain. "We talked for a long time about issues such as financing and producer relations with banks and other financial institutions operating in the diamond industry and trade, and we expressed our concern about the wide variety of classification standards used by diamond laboratories and the this has implications for consumer confidence, "said Shkadov," We also talked about the Diamond Industry Development Initiative (DDI) and the need to promote achievements in improving social and economic conditions In the diamond industry on a global scale,
The leaders of WFDB and IDMA decided to hold a meeting of presidents in 2015 in Ramat Gan (Israel), and the next, the 37th World Diamond Congress, in Dubai (UAE), the WFDB press service reported.

Luxury jewelry retailer Tiffany & Co. June 10 opened a new store in Paris, located on the Champs Elysees, reports Rapaport. The design of the store is designed taking into account the world renown and the well-deserved reputation of the luxury brand and its 177-year history, in which Paris occupies a significant place, where the first Tiffany store was opened in 1868.
"This is an excellent location for the Tiffany & Co. store. in the heart of the renowned city, where it will attract the attention of tourists from all over the world, - said President of Tiffany & Co Frédéric Cumenal. "We are happy to invite everyone to appreciate the excellent jewelry that defines Tiffany's image as a style and glamor icon."
The three-level store occupies an area of ​​10,000 square meters. feet and combines the energy of New York and the elegance of Paris. Private shops and a wedding salon are open in the store.
On the first floor of the store are the most famous jewelry collections, including Tiffany Yellow Diamonds, Atlas creations, Tiffany Keys and Return to Tiffany

In May, the diamond market was dominated by a lull. The main trading activity was observed in the US on the eve of the jewelry fair JCK Las Vegas, which was held from May 29 to June 2, said in a press release Rapaport. Diamond trade during the fair met expectations, and there was a high demand for inexpensive diamonds of commercial quality of VS-SI purity. Demand for large diamonds of higher quality was rather weak. Meanwhile, demand for diamonds in the Far Eastern markets was low, despite the active sales of jewelry in the May holidays.
The index of prices for diamonds RapNet Diamond Index (RAPI ™) for stones weighing 1 carat in May fell by 0.4%. Prices for diamonds weighing 0.3 carats remained stable, and stones weighing 0.5 carats went up by 0.8%. The price index for diamonds weighing 3 carats for the reporting month increased by 0.4%.
The monthly report Rapaport for June 2014, entitled "Steady Markets" (Steady Markets) reports that after the 1st quarter of the mood on the diamond market remain positive. As expected, activity declined in the second quarter, but healthy growth was observed in consumer markets in the US and Hong Kong.
Diamond trade in India was under pressure due to weak domestic demand and limited liquidity in the polished diamond sector. However, the optimism of market participants is supported by the results of the elections, following which Narendra Modi became prime minister. The players in the diamond sector hope that it will create a more favorable regime in the diamond and jewelry trade sector.
Trade in rough diamonds in the secondary market was quite active, despite the problems with liquidity. The production of diamonds slightly increased, as Indian cutters returned after the summer holidays, but the profit margins of producers remain extremely low.
It is expected that in the coming months trade in diamonds will be slightly restrained by large available reserves. Wholesalers and retailers will focus their efforts on fulfilling orders, and not on replenishing their diamond stocks.

Those who argue that diamonds are the best friends of girls would not be hampered by financial advice, says an article published on the CNNMoney website.
Certainly, precious stones in engagement rings, necklaces and royal crowns are of high value, but a good investor first of all needs to know how their price changes in the future.
So, in 1987, a high-quality diamond weighing 1 carat cost about $ 6,000. Now, in calculations based on the index Rapaport, its price can reach $ 13,000. This dynamic looks good, if you do not think about what happened during this time with the shares of jewelry retailer Tiffany & Co.
Trades in a luxury retailer on the New York Stock Exchange began in May 1987 with a mark of less than $ 2 apiece. Now 1 share of Tiffany costs $ 100.
So, if someone had spent $ 6,000 on buying Tiffany shares instead of the diamond ring in those days, he would now have had a fortune of over $ 312,000.
Although the prices for diamonds vary greatly depending on their quality and size, it is worth noting that even diamonds of 3 carats did not rise as much as Tiffany shares.
Even if we assume that the investor waited until 2010, the advantages of Tiffany's shares are undeniable: in 2010 a 1-carat brilliant of high quality cost about $ 11,000 (according to Rapaport). Now it would have gone up to $ 13,000. At the same time, the Tiffany shares bought for that price rose to $ 23,000 over the same period - that would have been enough for both the engagement ring and the honeymoon.

De Beers predicts an increase in global demand for diamonds by almost 4.5% in 2014, which will contribute to the recovery of the US market and rush demand in China and India.
The AFP news agency quoted Philippe Mellier, CEO of the group, that the state of the world economy is still weak, but "the company has been lucky with the markets, and since many countries have a growing middle class, the diamond industry feels good ".
"The largest consumer market for diamonds is the United States, and we all know that their economy is growing again," Melier said. "When stock prices and property prices rise, as we see now, after a big crisis, the money turnover increases, and Americans spend more money."
"At the same time, more and more Chinese people are getting a high enough purchasing power to buy jewelry and diamonds, especially on the occasion of weddings," he added.
The head of De Beers said that he expects "good or even very good" results of the second quarter in India, which has long become a "potentially large consumer of diamonds."
Anglo American controls an 85 percent stake in De Beers, and the remaining stake is owned by the government of Botswana.

The volume of the recently completed June website of the De Beers Group is estimated at $ 640 million, while maintaining a high demand for rough diamonds, Rapaport reports. The prices and assortment on the last site practically did not change in comparison with the previous site, although sightholders reported some minor changes in prices for individual boxes.
Some volumes of rough diamonds were delivered "in excess of the plan" - during the last week during the site demand grew, and diamond sales exceeded the volume of initial sightholder applications.
Although there is a healthy demand for raw materials, sightholders are concerned about the low margin of profit in the production of diamonds, due to the consistently high prices for diamonds, which do not correspond to the prices for diamonds. According to Rapaport News, since the beginning of this year, prices for raw diamonds have increased by 7-10%.
"It is very difficult to ensure a normal profit for this product," said one of the site's participants. - Sightholders used to buy raw materials, create added value and make profit after selling diamonds. However, now the De Beers pricing policy is such that only the most skillful sightholders can profit from the processing of stones. "
Despite this, according to Mike Aggett, CEO of the diamond broker H. Goldie & Company, the last site among sightholders was dominated by positive sentiment. Edgett noted in his blog that the volume of speculative transactions was very small due to the liquidity constraints affecting the diamond production sector.
According to the dealers, De Beers were sold on the secondary market with premiums of about 5%, while half of the goods were bought on credit. Some sightholders explained that the premiums on the secondary market were kept at a stable level, because diamond manufacturers wanted to provide their enterprises with raw materials in order to avoid interruptions in production against a background of a shortage of diamonds on the market.
In addition, sightholders expect an increase in demand for diamonds in the US, China and India in the second half of the year.

In April 2014, polished imports in the USA showed an increase of 18.8% year-on-year to $ 2.032 billion, while the volume of imported diamonds remained generally stable at 883,680 carats, Rapaport reports. American polished exports for the month remained unchanged at $ 1.606 billion, so the net polished imports jumped to $ 426 million from $ 101 million in the same period last year.
American rough imports in April rose sharply by 81.8% to $ 60 million, while raw materials exports jumped 76.9% to $ 46 million. Net imports of rough diamonds more than doubled to $ 15 million.
The net US diamond account for April (the difference between net imports and exports) rose to $ 441 million compared to $ 108 million in the same period last year.
US diamond imports in the first four months of 2014 increased by 9.5% on a year-on-year basis to $ 7.488 billion, while polished exports rose 8.3% to $ 6.579 billion, boosting net imports by 18.9% to $ 909 million. Imports rough diamonds rose by 93.5% to $ 269 million, while raw material exports increased by 97.9% to $ 188 million. Net imports of rough diamonds jumped 86% to $ 80 million. The
net diamond account for the period since January to April 2014 was $ 989 million compared with $ 810 million for the same period last year.

Group of Companies Israel Diamond Institute (IDI) reports that the diamond pavilion, organized at the upcoming Hong Kong Jewelery & Gem Fair, will represent 68 Israeli companies and will be Israel's largest pavilion in the history of the event. portal Diamondintelligence.com.
To accommodate a growing number of Israeli exhibitors, the pavilion area was increased to 1,200 sq. M. m in comparison with 1,040 square meters. m in the past year.
This year, 11 new companies will be represented in the pavilion, and 13 more companies are on the waiting list. More than 30 Israeli companies will participate in the fair, scheduled from June 19 to 22, separately from the pavilion.
A total of more than 450 companies representing Antwerp, Israel, India, Thailand, the United States, as well as a number of individual exhibitors will take part in the Hong Kong Jewelry and Gem Fair.
"Based on our experience of participating in the March fair in Hong Kong, we expect a lot of excitement, interest and good sales at the upcoming fair," IDI chairman Moti Ganz said.
"Asian markets, especially Hong Kong, are of great interest to the diamond industry," said IDI Managing Director Eli Avidar.
The Israeli diamond pavilion will be located in the Diamond Pavilion in the halls of 3BC and in the main lobby.

For the fiscal year ended March 31, 2014, Tara Jewels Ltd. reported an increase in revenue by 3.4% compared to the previous year to $ 286 million (Rs 16.954 billion). This figure does not include the sale of ingots. The company's costs for the year increased by 4.3% to $ 263 million (Rs 15.594 billion). The profit fell by 31.6% to $ 8.5 million (Rs 504 million), Rapaport reports.
During the fiscal year, the company saw an increase in international sales of approximately 9% in year-on-year terms and a strong demand for jewelry in the US, China and Australia. Meanwhile, in India, Tara Jewels had to change its plans to expand its business against the backdrop of a complex macroeconomic environment and create a franchise model, as well as use the retail store store format.
Tara Jewels Chairman Rajeev Sheth commented on the company's results as follows: "Our indicators reflect the strengths of the chosen business model, which consists in concentrating activity on international markets and changing the strategy in the domestic retail market. Our strategy for selling branded products has brought good results. Great success has been achieved by the brands Monique Lhullier, Michael Beaudry, Heart Essence, Zac Posen and many others. In the future, we plan to expand the portfolio of brands. "

The US Patent & Trademark Office (USPTO) on June 3 approved the registration of the trademark Candy Colored Diamonds and Gemstones for TXDC LP, a member of Zale Delaware Inc., under registration number 4542535. Zale applied for registration of this phrase as a trademark on August 30, 2013, and for the first time used this phrase on September 20, 2012, reports Rapaport.
The USPTO also registered the Le Vian Bridal trademark for the Le Vian Corporation, based in New York. The registration number of this trademark is 4543280. The application for trademark registration was filed on October 23, 2013, and its first use was fixed on April 1, 2012. The trademark Le Vian Bridal refers to jewelry and diamond jewelry, including bracelets, cufflinks, earrings, necklaces and pendants, and watches.

Last Tuesday in Las Vegas, the jewelery fair LUXURY was opened - the first event in the framework of the largest annual jewelry exhibition in the USA JCK Show. According to the information of the organizers, the number of visitors previously registered to attend this event has increased by 7%, and the number of guests registered for the LUXURY fair has increased by 17% compared to the previous year.
The main increase in visitors was observed in the category of wealthy buyers and international visitors, especially from Brazil, China, India and Mexico, the organizer of the exhibition, the company ReedExpo, said.
Among the landmark events planned for this year's exhibition is the presentation of De Beers CEO Philippe Mellier, entitled "De Beers' View on the Diamond Industry". This year, for the first time, he will address the general audience of visitors to the exhibition, and not just for retailers engaged in the distribution of Forevermark brand products, as in past years.
"After a successful first day, we expect an excellent week. Organization and new layout of the exhibition hall are excellent, "said one of the exhibitors, Shant Hovsepian from Danhov.

US jewelry and watch sales in June 2014 showed an increase of 3.4% on a year-on-year basis, according to preliminary government figures referenced by Rapaport. The growth of this sector for the first half of 2014 was revised downwards: in January, February, March and April, sales growth was less than 3%, and in May, growth was registered at 3.7%.
According to Rapaport, jewelry sales in June increased by 3.3% to $ 4.866 billion, while sales of watches grew by 3.6% to $ 666.3 million.
Meanwhile, jewelery sales in the first half of 2013 increased by 2.3% compared with the same period last year and amounted to $ 30.323 billion, and sales of watches for this period increased by 1.4% to $ 4.134 billion.

Samuels Jewelers Inc., which owns stores under the brands Andrews Jewelers, Rogers Jewelers, Samuels Diamonds and Schubach Jewelers, plans to open a store on August 14 near Austin, Texas, Rapaport reports.
On June 24, after the renovation, a new store Samuels Diamonds opened, the designers of which tried to preserve the architecture and memory of the family farm, recreating the interior using limestone and adding elements of calcareous rock.
"We are proud to be able to implement a growth strategy in the market of specialized jewelry stores," said Steve Velasquez, president of Samuels Jewelers. "Our new central store in the Sunset Valley area is the result of a partnership that provided support to our brand and allowed us to preserve the heritage in the design of this room. We are counting on success. "
The owner of the brand Samuels Jewelers is the company Gitanjali Gems LTD.

Israel will be represented at the forthcoming Hong Kong Jewelery and Gem Fair (Hong Kong Jewelery & Gem Fair) in September. As expected, the Israeli diamond pavilion, which will be located in the Asia World Expo, will be the largest at the exhibition, industry media reported.
Hong Kong Fair of Jewelery and Precious Stones is held from 15 to 19 September.
The Israeli Diamond Pavilion is organized by the Israel Diamond Institute Group of Companies. The exhibition area of more than 1200 square meters will be presented to 96 companies - seven more than in 2013. Stands of another 30 Israeli diamond companies will be located in other premises of the fair. Hong Kong is second only to the US market for polished diamonds after the United States.

The National Trade Association Jewelers of America has released a new report, "2014 Jewelers of America Cost of Doing Business Report", the only practical benchmark for jewelry retailers in its kind. The report presents the financial results of 2013 by cutting the jewelry companies, discloses data on sales, product distribution, operating activities and high yield indicators in jewelry retail. From the report, owners and managers can learn how to make their business more profitable and compare their numbers.
"Our report is designed to make it easier for jewelers to look more closely at their balance sheets to establish business benchmarks. We are committed to helping retail jewelry companies see where opportunities are and become more profitable, "said David J. Bonaparte, President and CEO of JA.
The report analyzes a wide range of retail jewelry companies and designers with annual sales up to $ 800 thousand and more. According to JA, the profit rate of high-yield jewelers in 2013 was almost 12 percent, which is three times higher than the average for jewelry firms - 3.6 percent.
On September 10, the association will hold a free webinar, during which additional results will be announced, and retailers will be able to learn how to achieve realistic profitability goals.

In mid-August, the New York Loan Company held the grand opening of a shopping center in the International Diamond Tower (International Gem Tower). Owner and CEO of New York Loan Company Jordan Tabach-Bank (Jordan Tabach-Bank) expressed confidence that this retail store will become an important center for diamond products, Rapaport reports.
"This shopping center represents the best that the jewelery industry can offer. And it's even hard to say that diamonds and other precious stones glittering in storefronts, or the shopping center itself, are more beautiful, "Tabach-Bank said.
The New York Loan Company operates as the only pawnshop in the International Gem Tower, servicing senior borrowers and specializing in the issuance of funds secured by jewelry, diamonds, watches, coins, works of art, wine and other valuables.
The International Gem Tower is located on an area of 20 000 square meters. feet and occupies three floors.

The diamantaires working in Surat rejected their demands on the government to allocate 200,000 square meters of land for the construction of the Surat Diamond Bourse (SDB) on the highway of the Year of Dod (Ghod Dod) belonging to the Navsari Agriculture University, NAU ). This was the result of criticism and protest actions from farmers and non-governmental organizations, which last month actively advocated the preservation of the green appearance of the city.
Now diamantaires appealed to the government of Gujarat with a new request for land allocation. They want to receive 300 thousand square meters of land under the construction of the exchange in the so-called "Green City". It is expected that the decision on this issue in the very near future will be made by the Chief Minister of State Anandiben Patel.

Indian companies are in a hurry to install devices for determining synthetic diamonds in their premises, and this is not surprising, judging by how quickly synthetic stones spread in the market of natural stones.
Now, when it became clear that the Winsome group, owed a huge amount to banks, is the largest manufacturer of synthetic diamonds, the situation has not improved. Indian banks have started a forensic accounting with respect to Winsome, and government agencies are checking the history of its transactions due to non-payment of debts amounting to Rs. 65 billion. At the same time, Winsome strengthened its position as the largest manufacturer of artificial diamonds - the group has manufacturing facilities in Singapore, Malaysia and the US, the publication ET.
Regarding synthetic diamonds, Vipul Shah, chairman of the Council for the Promotion of the Export of Gemstones and Jewelery, said: "We are not against the sale of synthetic diamonds, but such stones must be appropriately certified, and consumers should fully disclose information about their origins. It is absolutely necessary to establish different import tariffs for these two types of diamonds. We tried to bring this to the attention of government agencies. "
Previously, synthetic diamonds were subject to higher duties, but a few years ago the situation changed. Although synthetic diamonds occupy a very small market share, only 0.5%, the market for synthetic diamonds is expanding rapidly.
Shah added that GJEPC and members of the diamond trade received information from several sources that the import of synthetic diamonds is growing. Periodically, synthetic diamonds appear on the market, sold under the guise of natural ones. A year ago, GJEPC attracted the consulting company AT Kearney and Bonas to conduct research on the market for synthetic diamonds. It is believed that a number of agencies have announced a large potential for growth in the market for synthetic diamonds.
The largest Indian companies and sightholders were warned about the threat of synthetic diamonds, who installed devices for recognition of synthetic diamonds in their offices. The government received the necessary information to develop a differentiated system of duties in order to avoid violations. But even after the introduction of a system of checks and balances, participants in the Indian market are closely watching the activity of the Winsome group, which was noticed in connection with the American structures regarding the trade in synthetic diamonds. The turnover of these diamonds was carried out by an American company, among whose owners was the Winsome group.
Winsome could not repay debts to banks that gave it a bank guarantee for gold imports. Winsome connects the impossibility of paying debts with the presence of receivables from overseas customers.
Recently, the media reported on the non-payment of Winsome's debts and Kroll Advisory Solutions investigation data regarding the company and its counterparties, during which it was determined that many Winsome suppliers were established on the same day, and Haytham Obidah was fully owned or had a controlling interest in these firms. Winsome could not react calmly to these reports and, in particular, sued the Israeli analyst Chaim Even-Zohar (Chaim Even-Zohar) regarding his publication on the portal Diamond Intelligence.

The Jewelers Association (Ahmedabad) announced the organization of a large shopping festival Suvarna Utsav, designed to help small traders and to promote the recognition of the work of craft jewelers. The festival will be held from 1 to 23 October, according to a press release from the association.
Already more than 50 members of the association, including such family jewelry houses as Zaveri & Co., AB Jewelers, Anjali Jewelers, Suvarnakala Jewelers and others, have confirmed their intention to participate in the festive festival. One of the main reasons for organizing such an event was the need to cover the costs incurred by jewelers over the past six months due to the slowing of trading activity, as well as the announcement of new programs to stimulate demand.
President of the Association of Jewelers of Ahmedabad Shantibhai Patel (Shantibhai Patel) said: "Our association is concerned about the current development of market conditions, but we are still looking forward to the future and we want to study consumer demand. To do this, we organized SUVARNA UTSAV. Having an idea of ​​the current trends in the development of the international market, we want to give our customers discounts and special gifts when buying for a certain amount. More than 50 jewelry companies have already confirmed their participation in the festival. "
The global market is dominated by the uncertainty of the price of gold, and buyers are waiting for a decline in gold prices in India. According to some sources on the market, gold in the near future will not fall in price. Due to an increase in import duty by 10% compared to previous years, gold in India has become more expensive than in the international market, which has led to a decrease in interest in gold from investors.
The festival Suvarna Utsav is organized including for small jewelry companies and is designed to stimulate consumers' interest in gold jewelry in order to avoid a decline in the market. Another important task of the festival is to create jobs for jewelry industry workers and to present unique jewelry collections to Indian consumers who can take advantage of special promotions and purchase goods at discounts.

The Women's Jewelry Association (WJA) will organize the second annual WJA Jewelery Evening, which will be held on September 18 at 18:30 local time in 15 American cities, and will also take place at the Hong Kong Jewelry and Gemstone Fair (Hong Kong Jewelery & Gem Fair), reports Rapaport. Among the visitors of this event are expected representatives of all segments of the jewelry industry, including designers, editors of specialized publications, market analysts, appraisers and jewelry manufacturers, members of the jewelry sector.
WJA President Andrea Hansen said that the WJA Jewelery Evening is organized as a special evening for current and future members of the association to meet, meet personally and develop business contacts. "The event being organized in Hong Kong represents a new stage in the development of the WJA and will allow the gathering of numerous members of the association under one roof, emphasizing its international character," Hansen said.
The main international sponsor of the event is Signet Jewelers.

The company Blue Nile has launched a version of its online store in Arabic, reports Rapaport. The new site is created for customers of the company and consumers in the United Arab Emirates (UAE), who can now make purchases using their native language and paying for orders in local currency - dirhams. Blue Nile will also hire Arabic-speaking diamond and jewelry consultants to help customers with product selection and ordering.
Blue Nile notes that its website presents a full range of jewelry made of precious metals and stones, including products from gold, platinum, with pearls and diamonds. Buyers can choose from 130,000 certified diamonds and create their own engagement ring design using the Build Your Own Ring® program.
"Blue Nile entered the UAE market in 2011 and during that time formed a loyal customer base, as a result, the average order amount in the UAE is one of the highest of all international markets," explained Jon Sainsbury, president of the international division Blue Nile . "The latest update will make the process of selecting an engagement ring even easier for customers in the region."
In addition to the Arabic language on the site Blue Nile, you can choose the version in English, French, Spanish, Japanese, traditional and simplified Chinese.

The leading international professional diamond trade network, RapNet, has decided to exclude stones from its database, evaluated by some gemological laboratories of EGL International. This was reported by the American television channel WSMV Channel 4. As the diamond expert from New York Josh Fishman told the channel, RapNet refused to accept for auction all the precious stones that received certificates from the Hong Kong and Israeli laboratories of the company EGL.
The reason for the decision were reports that laboratory experts overstate such indicators of stone quality as color and purity.
WSMV Channel 4 and other US media previously reported cases of the sale by the Genesis Diamonds retailer of diamonds certified by the Israeli laboratory EGL International, the quality of which was lower than that stated in the accompanying documents.
According to jeweler Bob Forster (Bob Forster), during the certification of one of these stones in the Gemological Institute of America (Gemological Institute of America, GIA) it was found that the color indicators were overstated by four positions, and the purity - by one position. So, experts GIA attributed the color of the diamond to the category K, and not to G, and the purity was rated as VS2 instead of VS1.
Many jewelers believe that the decision of RapNet to remove from the auction diamonds certified in laboratories of EGL International, can lead to catastrophic losses for retailers, as well as to the termination of the gemological company in Israel.
The RapNet management has not yet responded to the request of WSMV Channel 4 to comment on reports on the withdrawal of polished diamonds certified by EGL International.
In turn, the owner of Genesis Diamonds Boaz Ramon (Boaz Ramon) argues that the assessment of the quality of diamonds is subjective and the fault of his company is not here.

The company Rapaport, the world's largest dealer of used diamonds, last week opened an auction of diamonds, which exhibited more than 2,000 lots, consisting of single stones. The auction site provides thousands of retailers, pawnshops and diamond re-sale dealers the opportunity to market their goods at fair market prices, Rapaport said in a press release. At the auction a wide range of diamonds of different shapes and types of cut diamonds from 0.5 to 11.95 carats is presented. The lot is inspected at the offices of Rapaport in New York and Israel from August 27 to September 8.
In addition, the report says that 75,000 carats of diamonds of different quality will be put up for the forthcoming auction of "mele" diamonds. The auction is scheduled from 14 to 18 September during the Hong Kong Jewelery & Gem Fair.
"We are looking forward to these major diamond auctions, as the summer comes to an end, and the market is becoming lively. We have high hopes for a major Hong Kong exhibition and the upcoming Christmas season, "said Rapaport Global Trading director Ezi Rapaport.

The Panama Diamond Exchange (Panama Diamond Exchange) announced that more than 80% of the office space in the first line of the Panama Gem & Jewelry Center (Panama Gem & Jewelry Center) has been leased so far, the construction of which is nearing completion.
The building of the first stage will also house the main office of the stock exchange, including administrative offices and a 300 square meter trading hall. In addition, the center will provide office space for 59 local, regional, international companies and organizations. Entry of tenants is planned in the fourth quarter of this year.
"Construction is on schedule. We expect full occupancy of the center when the new building will officially open, "said PDE President Erez Akerman. "Demand for the remaining offices remains high, and they diverge very quickly."
The geography of the new tenants of the Panama Jewelry Center is quite extensive: companies from Panama, Israel, India, the USA, Belgium, South Africa, Brazil, Italy, Venezuela and other countries will be represented.
The PDE-led project to create a $ 200 million Panama Gem & Jewelry Center (Panama Gem & Jewelry Center) is the largest and most ambitious initiative ever undertaken in the interests of Latin American jewelry trade. The center will serve as a trading platform for local and international companies in the market, which today is estimated at $ 8 billion and has about 11,500 retail outlets in 20 countries and 23 islands.

Treasures hidden in the house of the world-famous writer Agatha Christie will be exhibited on October 8 at the jewelry auction Bonhams, reports Rapaport referring to the press release of the auction house.
In Greenway (Greenway) is the house where Agatha Christie grew up. Even many years after Christie left this house, he continues to discover new secrets.
In 2006, a fan of Agatha Christie took part in the sale of things from a house in Greenway, buying for $ 168 (GBP 100) a travel trunk belonging to the writer's mother. She could not even imagine that the chest contains family jewelry worth $ 17,000 (GBP 10,000).
In the chest was found boxing, the keys to which were considered lost. Boxing remained closed for several years.
Four years later, at the opening of the box, gold coins, a diamond brooch and a ring with three diamonds were found.
In the biography of Agatha Christie it is mentioned that these ornaments were to be inherited by Agatha and her sister Madge from her mother.
A diamond brooch from the 19th century will be auctioned at $ 10,000- $ 13,500, while the pre-auction estimate of the diamond ring is $ 5,000- $ 8,300.

The Bureau of Indian Standards (BIS) is currently working on creating unique identification tools for each labeled jewelry that is sold by registered jewelry companies, and through recognized BIS marking centers, said CEO Sunil Soni at a recent meeting of the Association of Chambers of Commerce of India (Associated Chambers of Commerce and Industry of India, ASSOCHAM).
"We want each branded product to be assigned a unique number, which will help avoid duplication and improve the tracking of their turnover. Now we are trying to develop an appropriate mechanism in conjunction with the associations of labeling centers and jewelry companies, "Sony said.
In India, there are over 13,000 licensed jewelers registered with BIS, and more than 300 product marking centers. Sales of labeled jewelry from gold are growing at an average of 25% per year, and last year they reached 260 million rupees.
The gold reserves in India are estimated at 22,000 tons, which exceeds the amount of a trillion US dollars. Due to a number of social and economic factors, gold remains the most popular asset among the Indian population, despite a number of government-imposed restrictions on the supply of yellow metal.