New York Diamonds articles from May 2011

New York Diamonds archives from May 2011

Message from the publisher.
May 1, 2011... Dear readers, The clock is ticking on what is likely to be another shake up of the rough diamond trade. Indeed when we go to press it could be a done deal, although more time may be needed. The issue on the table is not a new...

World Series champions receive rings made by Tiffany & Co.(Trade Notes)
May 1, 2011... High-end jeweler Tiffany & Co. has created World Series championship rings for the San Francisco Giants. [ILLUSTRATION OMITTED] Although the baseball team won the MLB World Series in 2010, its stars are only receiving their rings now...

Not your average Costco product-ring worth $1.6 million.(Trade Notes)
May 1, 2011... Given is reputation as a store chain for budget buyers, it comes as something of a surprise that giant U.S chain Costco is offering a ring set with a 6.77-carat costing more than $1.6 million. [ILLUSTRATION OMITTED] The warehouse club,...

Diamond finder at Arkansas park finds 3.86-carat stone.(Trade Notes)
May 1, 2011... A longtime visitor to the Crater of Diamonds State Park in the United States received his reward for his many visits last week when he uncovered the largest diamond found so far this year--a 3.86-carat stone being called the "Heart of Arkansas....

Diamonds give impression of snowflakes in Arthur watch.(Trade Notes)
May 1, 2011... Actor Russell Brand, playing the part of a spoiled billionaire in the movie Arthur, sports a distinctive watch with cascading diamonds inside the casing. [ILLUSTRATION OMITTED] Created by the Wintour Watch Company, the Swiss-made watch has...

Lyrics of Lucy In The Sky With Diamonds to be auctioned.(Trade Notes)
May 1, 2011... John Lennon's handwritten lyrics of Lucy In The Sky With Diamonds have been put up for auction in the United States and will come up for sale in May. [ILLUSTRATION OMITTED] The draft lyrics will be sold at an auction due to take place May...

Fears of bubble as polished prices struggle to keep up with soaring rough.
May 1, 2011... Diamond manufacturers are finding it harder than ever to turn a profit as they are squeezed between spiraling rough prices and less than robust consumer demand. Indeed, Ronny Friedman, president of the Diamond Manufacturers and Importers...

A treasure house filled with Van Cleef & Arpels designs.
May 1, 2011... Imagine that your home was a turn-of-the-19th-century mansion built for Andrew Carnegie, occupying the entire block-front of Fifth Avenue between 90th and 91st Streets, facing Central Park. As you walk up the short staircase to the main foyer,...

Dollar's decline an ongoing concern, but remains trading currency of choice: 'we commenced trade with U.S. dollars 40 years ago. is it time for a change in currency?'.
May 1, 2011... That international trade could take place in anything but the U.S. dollar is unthinkable to anyone under pension age. It has been the global trading currency since at least the Second World War, so why should there be a movement to change to...

Crime against jewelers: down but not out.
May 1, 2011... Robbery, theft and violent crimes against jewelers and diamond dealers have taken a double blow in recent years due to the weak economy and stronger law enforcement, but experts warn that it is never a good time to be complacent. ...

IDMA and WFDB hold presidents meetings on different continents: the two diamond industry organizations usually hold their biennial meetings together, but this year the IDMA parley was held in Botswana, and the WFDB event in Dubai. Not only were they geographically far apart, but the issues discussed were also very different.
May 1, 2011... With the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA) unusually holding their biennial Presidents' Meetings in different countries in April, the issues debated were also varied. IDMA...

Baselworld show continues to grow, but is it still valuable for diamond business?
May 1, 2011... With close to 2,000 exhibitors and more than 100,000 visitors, organisers of the week-long Baselworld World Watch and Jewellery Show that took place at the end of March expressed delight with the show. Almost three years after the global...

Manufacturers meeting puts spotlight back on benefication.
May 1, 2011... The Presidents' Meeting of the International Diamond Manufacturing Association (IDMA) in Botswana in early April shone the spotlight on the issue of beneficiation that had been somewhat placed on the back-burner due to the economic slowdown of...

Death of screen legend brings diamonds to the fore.
May 1, 2011... The diamond industry can have had few more famous supporters than movie legend Elizabeth Taylor, known for her glittering and prestigious diamond jewelry collection who passed away in March following long term health problems. Taylor was long...

Spectacular 10-carat fancy vivid purple-pink diamond fails to sell at Christie's New York auction.
May 1, 2011... Despite several months of speculation, a fancy vivid purple-pink diamond weighing 10.09 carats with a pre-sale estimate of $12 million-15 million failed to find a buyer at Christie's New York Magnificent Jewels sale on April 12. The diamond was...

Out with the new, and in with the old as estate jewelry takes off.
May 1, 2011... It's an old adage in the real estate market that prices tend to go up because "they're not making any more land." While the years since the crash of 2008 have proven this to be less than invariably true for real estate, the adage seems to hold...

Trade show calendar May 2011.(Calendar)
May 1, 2011... International Fashion Jewelry and Accessory Show (IFJAG) May 1--May 4, 2011 Affinia Manhattan New York, NY AccessoriesTheShow May 4-May 6, 2011 Jacob K. Javits Convention Center New York, NY, Fame May 4-May 6, 2011 ...