New York Diamonds articles from November 2004

New York Diamonds archives from November 2004

Message from the publisher.
November 1, 2004... Dear reader, Jacob Banda, the president of the Diamond Dealers Club, succinctly capped off the final event of the 31st World Diamond Congress in New York, before a large crowd that had packed the trading floor of the DDC on October 20....

Diamonds by JCK makes its debut.(Trade Notes)
November 1, 2004... It was diamonds and nothing but diamonds at the first "Diamonds by JCK" show held on Pier 94 along New York's Hudson River. Taking its shape from the long, narrow "footprint" of the pier, the show featured 210 exhibitors. Goods ranged from...

Right-hand rings star at Emmy Awards.(Trade Notes)
November 1, 2004... Diamonds took a starring role at the 56th Annual Emmy Awards. In fact, Lorraine Bracco of HBO's The Sopranos brought along a private security guard to protect over $1 million of diamonds she was wearing. Her attire included long diamond...

Israeli firm endows $100,000 to GIA.(Trade Notes)
November 1, 2004... Philippe Zivan Sussholz, the president and CEO of Yahalomei Espeka International (YEI), has donated $100,000 to the Gemological Institute of America's (GIA) Endowment Fund, in support of synthetic diamond research. GIA will induct...

Another civil lawsuit filed against De Beers.(Trade Notes)
November 1, 2004... As if to underline the fact that De Beers's legal troubles in the United States are far from over, the president of the Miami-based Diamond Bourse of the Southeast United States, Derek Parsons, has filed a $3 billion class action lawsuit...

A changing of the guard at Bank Leumi USA.(Trade Notes)
November 1, 2004... A large-scale change in the senior management of the U.S. diamond trade's second largest financier, Bank Leumi USA, is currently under way. The bank's chief executive officer, Dr. Zalman Segal is retiring after 45 years with the Israel-based...

New York hosts the diamond world: diamond dealers and manufacturers from around the world gather at the Waldorf Astoria for the biennial meeting of the industry's two leading representative organizations--the World Federation of Diamond Bourses, and the International Diamond Manufacturers Association.(World Diamond Congress)
November 1, 2004... For four days, from October 17 to 20, New York was the center of the diamond world, as members of the diamond community from across the globe gathered at the 31st World Diamond Congress. The congress, which is held every two years, serves...

Shmuel Schnitzer reviews first term as WFDB president.(World Diamond Congress)
November 1, 2004... 'REMEMBER THIS--THE VAST MAJORITY OF MEMBERS OF DIAMOND EXCHANGES AROUND THE WORLD REPRESENT SMALLER AND LARGER SIZED COMPANIES. IF THE TRADING CONDITIONS ARE OPTIMIZED AND THE MEMBERSHIP OF THE WFDB GROWS TO INCLUDE NEW MARKETS AND...

Identifying the threats: synthetics, treatments and conflict diamonds top the diamond industry's list of threats which could damage consumer confidence.(In Focus)
November 1, 2004... Of all the challenges to the integrity of natural gem-quality diamonds as a product, synthetic diamonds appear to be the most worrisome, say members of the trade. Indeed, scientifically speaking, an artificially grown diamond is as genuine as...

Searching for solution: 'reputational risk will only true be mitigated if a code of ethics is complied with at each and every location. It only takes one weak link in the chain of distribution to endanger the end product in its entirety.'.(In Focus)
November 1, 2004... Ernest Blom, the vice president of the Worm Federation of Diamond Bourses and the president of Sector I of CIBJO, The World Jewellery Confederation, addressed the issue of consumer confidence at a seminar dedicated to the topic, which took...

DTC re-ignites diamond sales: J. Walter Thompson reveals plans for its multi-faceted advertising campaign, designed to lift sales during the all important end-of-the-year holiday buying season.(The Diamond Market)
November 1, 2004... For the all-important fourth quarter selling season, the Diamond Trading Company, through its agency, J. Walter Thompson (JWT), has launched a full marketing program to sell diamond jewelry. The theme, to be seen and heard throughout the...

Industry remains upbeat ahead of holiday season: despite a dip in the consumer confidence index, economists and industry representatives are optimistic that a buoyant holiday shopping season awaits.(The Diamond Market)
November 1, 2004... With the usual caveats about cloudy crystal balls and the general uncertainty of the economic and political situation, diamond industry, leaders seem cautiously upbeat about the 2004 holiday shopping season. "It feels like every retailer...

A living legend: Henry Grossbard, the man who invented the original Radiant Cut diamond unleashed a flood of fancy cuts that today are the bread and butter of the diamond industry.(Diamond Industry)
November 1, 2004... Henry Grossbard had a dream. "Back in 1976, when I first developed the Radiant Cut," he says, "my goal was a simple one. At that time, emerald cuts were out of favor due to their lack of brilliance. Since I was always a fan of this elegant...

In the fancy color world, yellow takes a front seat.(The Diamond Market)
November 1, 2004... The world of fancy color diamonds is in ferment, with highly visible celebrity-driven demand giving the U.S. market a shot in the arm. Yellow, especially saturated or intensely yellow stones, are becoming popular in the United States for the...

The man who harnessed tension: picture the mad scientist, pots boiling in his basement. You're close to the real image of inventor Steven Kretchmer.(Diamond Jewelry)
November 1, 2004... There are innovators in every field, people who push the envelope and strike out on new paths, taking their industries in totally new directions. Steven Kretchmer is to the world of diamond setting what Gutenberg was to the printed word. His...

The making of the World Diamond Congress.(DDC Facets)
November 1, 2004... Bringing a global diamond event such as the 31st World Diamond Congress to New York City was a remarkable achievement. Under the stewardship of DDC President Jacob Banda, who had the vision of staging this event in the city, the event became...