New York Diamonds articles from July 2011

New York Diamonds archives from July 2011

Message from the Publisher.
July 1, 2011... Dear readers, I recently had the opportunity of re-watching Stanley Kubrick's wonderful 1964 black comedy "Dr. Strangelove or: How I Learned to Stop Worrying and Love the Bomb." For those who may not have seen it, the film portrays the...

Kimberley Process Intersessional Meeting ends in confusion.(Trade Notes)
July 1, 2011... The Intersessional Meeting of the Kimberley Process held in late June ended inconclusively with the notification by the KP Chair Mathieu Yamba that he would allow exports of rough diamonds by the two main firms operating in Zimbabwe's...

De Beers' chairman Oppenheimer believes demand will surpass output in next five years.(Trade Notes)
July 1, 2011... De Beers' chairman Nicky Oppenheimer predicts demand for rough diamonds will surpass output for at least the next five years because no new mines have come on stream. "For the foreseeable future, five years, it seems to be the demand for...

Modern-day New York gold prospector living off yellow metal on 47th street.(Trade Notes)
July 1, 2011... A New York man is getting down on his hands and knees all day, everyday, to make a living searching the streets of Manhattan's Diamond District where he says he is finding hundreds of dollars worth of gold, diamonds and rubies each week. ...

Luxury jeweler Harry Winston sees $1 billion annual luxury sales by end of decade.(Trade Notes)
July 1, 2011... Harry Winston Diamond Corp., which is involved in both ends of the pipeline - both diamond mining and jewelry retailing - sees sales of its luxury jewelry and watches reaching the $1 billion annually in the next decade as the number of rich...

U.S. firms launch NBA Diamond Jewelry brand.(Trade Notes)
July 1, 2011... Two jewelry firms in California are launching the NBA (National Basketball Association) Diamond Jewelry brand. The NBA collections, which feature designer gold and diamond neckpieces of iconic NBA logos and marks and relate to the 30 NBA teams,...

Dreamtime for TV reality celebrity Kim Kardashian with carat engagement ring.(Trade Notes)
July 1, 2011... American reality TV star Kim Kardashian has received an engagement ring set with more than 20 carats of diamonds. [ILLUSTRATION OMITTED] Designed by Kardashian's friend, celebrity jeweler Lorraine Schwartz, the ring is set with a...

Diamond-set fingernails available for just $51,000.(Trade Notes)
July 1, 2011... Want to have tiny diamonds at your fingertips permanently? Guests of London's upscale Dorchester Hotel, a favorite place to stay in the British capital for global celebrities, has started offering a luxury manicure which features placing 10...

With U.S. economic recovery fragile diamond jewelry market making gradual improvement.(Industry overview)
July 1, 2011... With the third anniversary of the greatest financial crash for 80 years just a matter of months away, and a full two years since the recession officially ended in the United States, its economy is still far from reaching a healthy state of...

Exhibitors and visitors pleased with 'new' JCK show Las Vegas.
July 1, 2011... With a new look and feel in its new location, the 2011 JCK Show Las Vegas provided plenty of smiles for exhibitors and visitors alike. In addition, a strengthening global economy and rising demand helped to create an optimistic mood following...

Renaissance taking place on West 47th Street.
July 1, 2011... Longstanding efforts to renovate the 47th Street Diamond District are coming to fruition, notably at the 1580 Fifth Avenue Building that houses the Diamond Dealers Club and many individual diamond dealers' offices, and just down the block at 50...

DDC president announces changes at Club.
July 1, 2011... In the first ever DDC Members' Newsletter, Mosbacher explained that it was the first in what will become a regular means of communication between the Diamond Dealers Club and its expanding membership. [ILLUSTRATION OMITTED] "The fact that...

Thinking outside the box to reduce insured shipping costs.
July 1, 2011... After the diamond, gemstones and precious metals, the first or second highest cost in the gem or jewelry business is frequently insured shipping. In tough economic times, cutting distribution costs is vital. He who does it best wins. So then how...

Antwrep diamond conference looks into crystal ball.(Conference notes)
July 1, 2011... The 2011 Antwerp Diamond Conference held May 23-24 provided participants and the global diamond industry with a varied number of talking points as it attempted to provide a view of how the trade will develop through to the end of this decade....

A century on diamond brokers adapting to changing industry.
July 1, 2011... What is the role of the diamond broker in the modern era? In an age of transformation when rough diamond supply has become fractionalized following the sharp decline in De Beers' share of the rough market and manufacturers are constantly...

New President in Ivory Coast: will it aid country's diamond trade?
July 1, 2011... Can the transfer of power in the long-troubled Ivory Coast, also known as Cote d'Ivoire, which took place in April following the deaths of an estimated 3,000 people and displacement of one million people, signal the start of a rebirth for the...

Affluent consumers are back or are they?
July 1, 2011... When the global economic downturn began to hit the diamond and jewelry trade in earnest in late 008 and early 2009, many beleaguered diamond dealers and retail jewelers doubtless comforted themselves with the time-honored maxim that affluent...

Fragments: a place for designers.
July 1, 2011... Shop at any design-oriented jewelry show and you're sure to pass by a series of booths under the Fragments banner. This trend-spotting firm is a combination of showroom, merchandiser, publicist and design promoter, with a diverse collection of...

Christie's offers rare diamonds and colored gemstones at Hong Kong.
July 1, 2011... A pair of cushion-shaped D, potentially IF Golcona diamonds weighing 24.49 and 23.11 carats respectively sold for a world record price per carat for a colorless Golconda diamond of $9,295,690, or $200,000 per carat at a sale held by...