New York Diamonds articles from January 2003

New York Diamonds archives from January 2003

Message from the publisher.
January 1, 2003... Dear friends, There was very little discussion among our editorial staff regarding the topic for the cover story in this, our January 2003 issue--at least following the meeting that took place in Interlaken, Switzerland, on November 4...

DPS website undergoes extensive makeover. (Trade Notes).(Diamond Promotion Service)
January 1, 2003... The Diamond Promotion Service, which is the department within the J. Walter Thompson ad agency that services the Diamond Trading Company (DTC) account, has relaunched its website, located at www.DPS.org, in an easy-to-use, updated and dynamic...

I. Hennig & Co. move London offices. (Trade Notes).(Brief Article)
January 1, 2003... Hennig & Co., the DTC broker, will be moving its corporate headquarters in London before the January sight, from its current location at 1 Charterhouse Street to 27 Ely Place, which is literally around the corner. Coincidentally, the new...

JCK Orlando to move to Phoenix. (Trade Notes).(Jewelers' Circular-Keystone)(Orlando, Florida)(Phoenix, Arizona)(Brief Article)
January 1, 2003... The management of the JCK Show ~ Orlando has announced that the winter trade fair will be moving to Phoenix, Arizona, starting in 2004. The change does not affect the 2003 JCK Show ~ Orlando, which will be held February 4-6, 2003 at the...

Martin Klein honored by GIA. (Trade Notes).(Gemological Institute of America)(Brief Article)
January 1, 2003... Martin Klein, the president of Julius Klein. Diamonds Inc., a New York-based diamond manufacturer and distributor, has been inducted into the League of Honor of the Gemological Institute of America, following a $100,000 donation made by the...

Kimberley Process system finally launched on January 1, 2003; the Kimberley Process system, which concentrates specifically on the rough diamonds being accessed into the market, is designed to create a paper trail all the way to diamond-set jewelry sold at retail. (Special Report).
January 1, 2003... A major milestone in an almost three-year saga as passed on January 1, when an international regulatory system, which is designed to ensure that only legitimately mined rough diamonds enter the marketplace, was put into effect. This was made...

The industry's point man in the conflict diamonds campaign. (Special Report).(interview with Eli Izhakoff, chairman and CEO of the World Diamond Council)(Interview)
January 1, 2003... The talking is over. The "i's" have been dotted and the "t's" have been crossed. Its time to put the Kimberley Process into the works. From the mine down to the retailer, every time a diamond moves along the pipeline, there will be an...

Retailers and manufacturers look to trade bodies for guidance Kimberley; trade organizations gear up with materials to educate the gemstone and jewelry trades about how to act following the introduction of the Kimberley Process Certification Scheme. (Special Report).
January 1, 2003... While the terms of the new Kimberley Process Certification Scheme is very clear in terms of what is expected of rough diamond traders, retailers and manufacturers are generally looking to the industry's major associations for guidelines about...

Bridal, bigger diamonds key to holiday success: the effects of September 11, 2001, still resonate throughout the diamond jewelry trade, with a common effect being a smaller number of units being sold. At the same time, though, the diamond content in the jewelry is greater. (The Diamond Market).
January 1, 2003... When the final sales figures are in, holiday season 2002 may shape up as a surprisingly strong and profitable one for diamond jewelry retailers, despite the sluggish economy. Based on interviews that New York Diamonds conducted with a range...

Mining at any cost: Ettagale Blauer visits a vast diamond mine in the far northwest of South Africa. There De Beers is attempting to extend mining operations 22 years beyond the originally estimated life of the facility. (Rough Diamonds).(De Beers Consolidated Mines Ltd.)
January 1, 2003... Mining is always akin to finding a needle in a haystack. If you do the geology, you might know where the diamonds are likely to be, but getting to them is rarely simple. This is especially true where old mines are concerned. Today, De...

A new man at the WFDB. (The Diamond Industry).(World Federation of Diamond Bourses)
January 1, 2003... `In the major trading centers, being sanctioned by a diamond exchange is a tantamount to being excommunicated from the trade. Any one who would suffer that fate would find it extremely difficult to remain in the diamond business. No other...

The industry's debt: a status report. (Banking).
January 1, 2003... `We are not unhappy with the equity levels in the industry. Indeed, the industry still operates with a healthy level of its own capital. Adequate capitalization is an essential element in assessing the overall risk of a company and in...

Kick-starting the season: the appetite for diamonds remain strong, during the fall auction season in New York, Hong Kong and Geneva. (Auction).
January 1, 2003... The day after Thanksgiving, American bargain-hunters lined up at six o'clock in the morning, waiting to rush into malls and start fulfilling their Christmas shopping lists. By late evening, K-Mart had recorded its biggest single sales day...

DDC hosts second seminar on HPHT diamonds. (DDC Facets).(Diamond Dealers Club holds a seminar on a process for improving the color of diamonds)
January 1, 2003... A second seminar on the HPHT process for improving the color of diamonds was hosted by the Diamond Dealers Club on December 11, 2002. This issue is a major concern for members of the club, as it is able to permanently change the color of...

DDC study on memo notes presented before WFDB. (DDC Facets).(Diamond Dealers Club)(World Diamond Congress)
January 1, 2003... Among the reports delivered at the World Diamond Congress in London in October 2002 was one prepared by Dr. Martin Hochbaum, the managing director of the Diamond Dealers Club, on the issue of memo notes and the difficulty that can be...