New York Diamonds articles from May 2003

New York Diamonds archives from May 2003

Message from the publisher.
May 1, 2003... Dear friends, With the JCK-Las Vegas Show rapidly approaching, pundits are once again examining the evidence to ascertain the direction in which the market is headed. As we report in an article starting on page 34, despite often...

President signs the Clean Diamonds Act. (Trade Notes).(Brief Article)
May 1, 2003... President George W. Bush signed in April a bill that provides the legal framework to prevent the import of rough diamonds that finance civil wars in Africa into the United States. The Clean Diamonds Act, as it has come to be called, was...

Agreement reached on WTO waiver. (Trade Notes).(World Trade Organization Council for Trade in Goods; diamonds)(Brief Article)
May 1, 2003... The World Trade Organization Council for Trade in Goods has agreed to recommend that the body's general council grant requesting members a waiver for trade measures taken under the Kimberley Process Certification Scheme for rough diamonds....

WJA celebrates 20th anniversary. (Trade Notes).(Women's Jewelry Association)
May 1, 2003... When the Women's Jewelry Association was founded twenty years ago, women were still in the backset as far as industry recognition was concerned. Indeed, there was a time that they could not attend the 24 Karat Club's annual dinner during the...

JCK chief editor honored. (Trade Notes).(Brief Article)
May 1, 2003... Hedda T. Schupak, the editor-in-chief of JCK magazine, has been named one of Pennsylvania's Best 50 Women in Business. An independent panel of judges made the selection from nominations of accomplished women business leaders throughout...

Economic, geopolitical concerns challenge Las Vegas show: with conflict still ongoing in Iraq, the fear of the SARS virus and the sluggish economy at home, many expect to see a conservative emphasis on values and basics at the Las Vegas show. (The Diamond Market).
May 1, 2003... In light of the continued sluggish economy, the war in Iraq, ongoing terrorist concerns and other considerations, many diamond suppliers and manufacturers say they are uncertain about market prospects ahead of the JCK Las Vegas Show this...

De Beers faces U.S. lawsuit: the American lawyer who successfully sued a group of Swiss banks on behalf of victims of the Nazi Holocaust, has now turned his sights on South African companies operating during the apartheid era. Among them is De Beers. (Diamond Mining).
May 1, 2003... With the European Commissions competition board formally issuing notification last November that it intends approving De Beers' Supplier of Choice plan, the South African-headquartered company exuded confidence that it eventually would be...

Marry me, marry me. (Diamond Jewelry).
May 1, 2003... While the average price paid for a diamond engagement ring has held steady, the variety of options open to the prospective groom have not. While many still choose the classic round center stone with tapered boquettes set in platinum, more and...

Wartime slowdown but opportunity beckons: with luxury sales down across the board during wartime, jewelers expect sales to pick up when the soldiers come home. (Diamond Jewelry).
May 1, 2003... The war in Iraq has had some type of impact in virtually every sector of the economy--and the jewelry industry is no exception. At press time in mid April, the war was ongoing but winding down, with Iraq reportedly close to surrender. The...

Diamond sales remain strong in 2002. (Diamond Jewelry).
May 1, 2003... Despite ongoing economic uncertainty, rising unemployment, a declining stock market and geopolitical tensions, U.S. retail diamond sales were strong in 2002--and continue to drive the world market, according to a new study released by J....

De Beers chairman reviews the year gone by. (Diamond Mining).
May 1, 2003... As is traditionally the case, the De Beers' annual review, which was released in early March, highlighted by a statement prepared by the company's chairman, Nicky Oppenheimer. The following are extended excerpts. 2002 was De Beers' first...

The man who set hearts on fire: starting out as a long-haired entrepreneur selling Moroccan leather goods and caftans, Glenn Rothman was to become the creator of one of the diamond trade's most successful brands. (The Diamond Market).
May 1, 2003... If Glenn Rothman's passion and enthusiasm for the diamond business could be harnessed to create electricity we wouldn't need to import any oil. Rothman, the man behind "Hearts on Fire" diamonds and diamond jewelry, has brought so many...

Color them blue and pink and yellow: colored diamonds are no longer an oddity in the market, but rather a product with growing demand. A New York company has chosen to specialize in them. (The Diamond Industry).
May 1, 2003... I'm sitting opposite Nilesh Sheth in the offices of Nice Diamonds, overlooking Rockefeller Plaza in New York. In front of me are diamond briefkes filled with little piles of diamonds, reflecting the colors of the rainbow--yellow, greenish...

One hundred years of digging: the Premier mine, which has just celebrated its centenary year, is not only the source of the largest diamond ever discovered, but also of one quarter of all the diamonds weighing more than 400 carats. (Diamond Mining).
May 1, 2003... I'm standing on the edge of the site of the original kimberlite pipe, discovered just over 100 years ago, at what became known as the Premier diamond mine. The hole here is truly worthy of the name, "The Big Hole," but that description has...

Chief of Detectives honored at DDC. (DDC Facets).(Diamond Dealers Club )
May 1, 2003... Forty years of history came to an end in February when William Allee, Chief of Detectives for New York City, retired. He held the position for six years, following a career in the New York City Police Department that began February 15, 1963....