New York Diamonds articles from May 2007

New York Diamonds archives from May 2007

Message from the publisher.
May 1, 2007... Dear readers, Anniversaries are a time of reflections, and such is the case with this latest event--the 100th edition of New York Diamonds. The magazine has evolved over the last 19 years since it was first published by International...

De Beers' O'Ferrall retires after 36 years.(Trade Notes)
May 1, 2007... De Beers' Director for External Affairs Rory More O'Ferrall retired on March 30 after 36 years with the company. "Rory has been an outstanding ambassador for De Beers and the diamond industry in the international arena, especially in the...

Diamonds shine on Milan catwalk.(Trade Notes)
May 1, 2007... The Milan Fashion Week normally sparkles, but this year it was especially dazzling. A partnership between the Italian fashion house Gianfranco Ferre and DTC sightholder Dalumi Diamonds resulted in a sheer black top covered with more than 900...

De Beers launches 'peace in Africa' mining vessel.(Trade Notes)
May 1, 2007... De Beers has celebrated the naming and blessing of "Peace in Africa", the first marine diamond mining vessel to operate in South African waters. The company will mine for marine diamonds in the Atlantic, off Namaqualand in the Northern Cape...

Pepsi gives away $100,000 can as sweepstake promo.(Trade Notes)
May 1, 2007... Pepsi held a Super Bowl sweepstakes at which it gave away $100,000 sterling silver soda can set with 300 diamonds, 100 sapphires and 100 rubies, along with two Super Bowl tickets that the winner will collect every year as long as he or she...

Hope Diamond to start South Africa operations.(Trade Notes)
May 1, 2007... Hope Diamond, a Japanese firm with offices in the New York diamond district, said it has received a licence to set up a diamond cutting plant in South Africa. Hope Diamond is known for its 'hearts and arrows,' ideal-cut round stones. It has...

U.S. retail diamond jewelry sales remain healthy.(The Diamond Jewelry Industry)
May 1, 2007... The U.S. retail diamond jewelry market enjoyed healthy growth in 2006 despite consumer jitters, according to an analysis released by the Diamond Information Center (DIC), long considered the voice of De Beers in the United States. Retail...

Collectors Universe sees a world of opportunities in diamond and gemstone grading.(The Diamond Industry)
May 1, 2007... With $65 million in seed funding, Collectors Universe is making a big splash in the relatively small pond of gemological grading laboratories. That's because it used some of the money to acquire the Gem Certification & Assurance Lab (GCAL),...

Can the minnows avoid being eaten up by Wal*Mart?(The Diamond Marketplace)
May 1, 2007... Wal-Mart, the giant discount retailer that pushed ExxonMobil out of first place in the Fortune 500 for 2007, struck fear into the hearts of jewelers several years ago when it began opening jewelry counters at its mass market stores. The...

Africa's call for help.(The Diamond Industry)
May 1, 2007... As they disembark from their aircraft, decked out in appropriate "Out of Africa" attire, first-time visitors at Johannesburg's international airport often experience a sense of anti-climax. What greets them is a thoroughly modern arrivals...

Dubai: putting the gulf on the jewelry map.(The Diamond Industry)
May 1, 2007... It's one thing to have great wealth and quite another to know what to do with it. Dubai has both. It's one of the best known of the seven emirates that make up the entity known as the United Arab Emirates. It has become world renowned,...

Stealing fire from the gods: granulation is a difficult and somewhat nerve-wracking process. Although jewelers were carrying out the process thousands of years ago, it fell out of favor in more modern times until two New York jewelers brought it back into vogue. A modern-day adherent is Maija Neimanis.(Diamond Jewelry)
May 1, 2007... Writing about the goldsmithing technique of granulation inevitably evokes references to Greek gods, the ancient Etruscans and lost art. The practice of this amazing jewelry making method does require a knowledge of history, a sense of mystery...

CIBJO Congress stresses industry's role in uplifting economies in producing countries.(The Diamond Industry)
May 1, 2007... Delegates from national jewelry and gemstone associations, as well as many of the industry's major corporations, gathered in the South African city of Cape Town from March 12-15, for the annual CIBJO Congress. For many of them, the event will...

Grand Market Week a success at DDC.(DDC Facets)
May 1, 2007... According to DDC President Jacob Banda, the 40 exhibitors who showed their loose diamonds, jewelry and colored stones at the Diamond Dealers Club "Grand Market Week" counted the event a rousing success. The trade show, held on the selling...

Seminar held on anti-trust settlement.(DDC Facets)
May 1, 2007... The DDC, in partnership with the 47th Street Business Improvement District, convened a special seminar on the $250 million De Beers anti-trust settlement. The guest speaker was DDC general counsel, S. Herman Klarsfeld, who discussed how...

New arbitration chairmen appointed.(DDC Facets)
May 1, 2007... DDC President Jacob Banda reported that in accordance with the club's bylaws, the board of directors appointed the following individuals as chairmen of the arbitration panels: * Leon Finker * Sam Goldstein * Daniel Klugman ...