Israel Diamond Week Lifts Local Trade

Delegations from China and Hong Kong were scheduled to attend the three-day event, but canceled due to travel restrictions initiated during the coronavirus outbreak. Approximately 300 overseas buyers attended, organizers reported, with Indian and US dealers and exhibitors forming a notable presence on the trading floor. Displays focused on niche segments such as large fancy shapes and fancy colors, which are strong areas for the Israeli market, participants noted. Some saw it as an opportunity to look for goods rather than waiting for the Hong Kong International Diamond, Gem & Pearl Show, which has been postponed from March until May due to the coronavirus crisis. Yoram Dvash, president

Rio Tinto’s Canada Deal Hits Trouble

In 2017, Rio Tinto entered into a deal with the Canadian miner giving it the right to acquire shares in the proposed mine in Saskatchewan. In November, five years earlier than its original deadline, Rio Tinto gave Star Diamond notice it wanted to purchase a 60% stake in the site. However, a review by a special committee at Star Diamond, together with independent legal counsel, found that Rio Tinto did not comply with all the terms of the agreement, Star Diamond said Tuesday. Additionally, Rio Tinto has not provided Star Diamond with data from its drilling operations at the site, the Canadian miner said. Despite this, the company still supports Rio Tinto’s involvement in the project. Star D

Latest fancy shaped market trends.....

Ovals are strongest shape, driven by US fashion jewelry demand. Emeralds above 2.50 ct., D-G, VVS2-VS2 also selling well. Pears slightly slower due to sluggish Hong Kong market. Princess and Marquise continue to struggle. Well-shaped and fine-cut fancies have become a profitable niche with good demand and strong prices, especially Ovals, Emeralds and Pears. Fancies with classic and long ratios trending in fashion segment. Shortage of top-make fancies 1.50 ct. and larger in all categories except D color is keeping prices high. US sustaining market for commercial-quality, medium-priced fancies. Off-make, poorly cut fancies illiquid and difficult to sell. NBDiamonds has advised all clients to i


On a grey January morning in 2019 Meghan Markle emerged onto a London street on her way to a meeting. She wore a smart coat and heels, but it was not her clothing that caught the attention of the world. It was a pair of glittering drop earrings embedded with diamonds that had been grown in a lab. It took just five days to grow the diamonds adorning Markle’s ears according to Sidney Neuhaus, co-founder of Kimaï, the company that made them. Based in Antwerp, the capital of the world’s diamond business, both she and her co-founder Jessica Warch grew up in diamond families. Nauhaus’s father owns a diamond jewellery shop, and her grandfather worked for De Beers, making his career in diamonds afte

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