New York Diamonds articles from May 2004

New York Diamonds archives from May 2004

Message from the publisher.
May 1, 2004... Dear readers, There is a common thread that runs through much of this current issue of New York Diamonds, and that is what has come to be called the "verticalization" of the diamond industry. What this essentially refers to is the...

Bonas honors Leo Schachter's 80th birthday.(Trade Notes)
May 1, 2004... DTC broker Bonas & Co. has honored Leo Schachter, the veteran New York diamantaire and a founder of the international Schachter & Namdar group of companies, with a reception in London on the occasion of Schachter's 80th birthday. The host of...

Taxes drive Canadian diamond market underground.(Trade Notes)
May 1, 2004... Substantial federal and provincial taxes are driving a huge part of Canada's billion-dollar retail diamond industry underground, according to a report in Toronto's Globe & Mail. The newspaper quoted a study by a Montreal consulting firm that...

Julius Klein opens Antwerp office.(Trade Notes)
May 1, 2004... The Julius Klein Group, with its affiliate company, Eliaz Diamonds, has announced the opening of an affiliated office in Antwerp called Eliaz Diamonds Europe. It will be managed by Dan Hartal and overseen by Azri Garty of Eliaz Diamonds, and...

DTC responds to outcry over Diamdel supply.(Trade Notes)
May 1, 2004... Gareth Penny, the incoming managing director of the Diamond Trading Company (DTC), has responded in a letter to Shmuel Schnitzer, the president of the World Federation of Diamond Bourses (WFDB), to charges that the DTC was backtracking from...

Moshe Schnitzer awarded Israel prize.(Trade Notes)
May 1, 2004... Moshe Schnitzer, who is credited by many as being the individual most responsible for turning Israel into a world diamond power, has been named a recipient of the Israel Prize for his life's achievements. It is the highest civilian honor...

Europe imposes sanctions on U.S. exports.(Trade Notes)
May 1, 2004... Pascal Lamy, the European Commission's trade chief has imposed sanctions on certain exports from the United States, in order to pressure the U.S. government to eliminate export tax breaks that have been ruled illegal by the World Trade...

Conflict diamonds tackled in Dubai: the World Diamond Council holds its third annual plenary session to review anti-conflict diamond initiatives.(Conflict Diamonds)
May 1, 2004... More than 100 leaders from the international diamond and jewelry industries, government and the financial world converged in Dubai, United Arab Emirates on March 29 and 31 for the World Diamond Council's (WDC) third annual meeting. One of the...

De Beers reports jewelry sales up 7 percent in 2003: with the global economy expected to grow by 6 percent during the current year, De Beers has set itself the target of growing diamond demand by another 7 percent in U.S. dollar terms.(The Diamond Industry)
May 1, 2004... De Beers' Diamond Trading Company (DTC) has released a report noting that retail sales of diamond jewelry increased by nearly 7 percent globally in 2003 compared with 2002. Commenting, the company said that "this is a staggering result...

GIA reports on synthetics grown by CVD method: Gem-quality synthetic diamonds grown by Apollo Diamond Inc. represent some of the first examples of single-crystal material produced by a CVD process that is intended for the jewelry trade. A study led by GIA researchers indicates how they may be detected.(Gemology)
May 1, 2004... The Winter 2003 issue of Gems & Gemology, the quarterly journal of the Gemological Institute of America, featured a report on synthetic diamonds grown by chemical vapor deposition (CVD). In the article, the authors characterized the new...

The glittering crossroad of New York City: literally within a stone's throw from one another, on Fifth Avenue, between 56th and 57th Streets, are located the elite of New York's jewelry trade. It is a very exclusive, trendy and influential slice of real estate.(Spotlight)
May 1, 2004... New York is known as a walker's city--just ask any footsore tourist more accustomed to taking the family car for errands just a half a mile away. In New York, that translates to 10 city blocks and it covers an intense concentration of...

Branding's real thing: when Marilyn Monroe sang 'Diamonds are a girl's best friend,' she crooned rather 'square cut or pear shape these rocks don't lose their shape," and then went on to sing, "But stiff back or stiff knees, you stand straight at Tiffany's." Now, that's a brand name.(Spotlights)(Cover story)
May 1, 2004... Branding, the buzz word of the 21st century, was a quintessential phenomenon of our impatient times. But the rush to brand, to create a name that would have intrinsic value to the consumer, overlooked one tiny little detail--building a brand...

Aber moves downstream: a Candian junior mining company establishes for itself a prominent position in the market by creating downstream alliances with major high-end retailers.(Diamond Mining)
May 1, 2004... Following De Beers' lead with its strategic partnership with LVMH on a chain of branded luxury, jewelry stores launched two years ago, diamond mining companies are increasingly looking for alliances with major luxury retailers to gain sales,...

Zale looks to diamonds to help drive growth: Zale expects its thriving diamond business to help it expand going forward. It is also planning to strengthen its position in the northeast, and in New York in particular.(Diamond Retailing)
May 1, 2004... After strong Christmas and Valentine's Day seasons, and with a new chairman on board, Zale Corp. has rebounded and is poised for further expansion--and the diamond business will play a key role in its strategy. Taking on a new role at...

Diamonds under the ice: in arctic Canada, Rio Tinto teams have mastered the toughest of environments to unearth diamonds from the roots of ancient volcanoes. A report from a freezing frontier.(Diamond Mining)
May 1, 2004... Much like the ripples around a well chosen stone tossed into a pond, diamonds from the Diavik mine in Canada's north have their own circular setting. Carrot shaped roots of ancient volcanoes, better known as kimberlite pipes, encase Diavik's...

DDC president looks back at second term in office.(DDC Facets)
May 1, 2004... DDC President Jacob Banda provided a review of the initiatives undertaken during his second term in office, during a one-on-one interview with New York Diamonds. He began with a discussion of the club's establishment of its own website one...

EGL presents seminar on KM laser drilling.(DDC Facets)
May 1, 2004... At a standing-room only meeting held at the DDC, Nicholas Del Re, the manager of Gemological Services, Research and Development for EGL USA, gave a presentation on a particular form of laser drilling, known as KM, which is an abbreviation for...