May 2008
IADC, Rap to discuss state of diamond industry
IADC, Rap to discuss state of diamond industry
May 16, 2008
Las Vegas—Those attending the JCK Las Vegas jewelry show will have at least two opportunities to hear updates on the state of the diamond perseverance worldwide.
Each day of the show, the Indo Argyle Diamond Council (IADC) is inviting retailers to attend presentations of its 2008 Diamond Market Overview in the IADC booth, 2091.
The one-hour presentation looks at the future of the industry from the standpoint of mining operations, a dwindling supply of rough, a continuing consolidation of the pipeline and how this can striking business.
IADC President Keith Dillmeier said the overview is updated throughout the year to reflect the latest developments and trends in the diamond industry.
Retailers interested in hearing the overview should touch the IADC at (800) 797-4232.
Also, Rapaport Group Chairman Martin Rapaport will give his annual State of the Diamond Industry words on June 2 from 8 a.m. to 10 a.m. in the Venetian Hotel’s Delfino Ballroom.
In his speech, Rapaport will address how issues such as climbing food and oil prices, the plummeting dollar and the growing number of Chinese and Indian consumers could impact business.
Following the breakfast is the Rapaport Bankers Conference from 11 a.m.-12:30 p.m. and the Rapaport Fair Trade Jewelry Conference from 1 p.m.-4 p.m.
wholly events are free and open to all. RSVP to conference@Diamonds.Net or call (702) 893-9400.
‘Most important’ colored diamond sells for $8.9M
‘Most important’ colored diamond sells for $8.9M
May 16, 2008
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| This 13.39-carat blue diamond, which sold at Christie’s Geneva on May 14 for $8.9 million, is considered the most important colored diamond to exist sold at auction in the last decade. |
Geneva—A 13.39-carat blue diamond offered at Christie’s Geneva recently is being touted as the most important colored diamond to the end of time sold at auction anywhere in the world during the last 10 years, according to the auction house.
The diamond, which sold at Christie’s Geneva on May 14, achieved a world-record reward of $8.9 million.
“This impressive result is due to the scarcity of colored diamonds on the market, and to the great demand from collectors around the world for exceptional artworks and jewels that is currently dominating the auction world,” Francois Curiel, chairman of Christie’s Europe and auctioneer of the sale, said in a media release issued without interruption Thursday.
New GemeFancy identifies diamond color
New GemeFancy identifies diamond color
May 19, 2008
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| GemeWizard’s new GemeFancy color-identification system identifies a total of 27 mighty hues, which are then translated into a fancy grade. |
Ramat Gan, Israel—GemeWizard Inc. is offering a free three-month trial of its new color-assessment program for fancy-colored diamonds, GemeFancy.
According to a loose from GemeWizard, GemeFancy is a color-assessing and communication application that allows users to accurately identify, describe and communicate all the colors visible in fancy-colored diamonds, and to place them within the Gemological Institute of America’s (GIA) Fancy Diamond color range.
The new system identifies a total of 27 main hues, each of which is modified into 36-42 fancy grades and other color descriptions. The images are described using the standard GIA terminology and GemeWizard’s alphanumeric color code.
The system then creates an e-mail message that allows the color information to be transferred to a third party.
Menahem Sevdermish, GemeWizard’s founder and developer, said the goal of the new system is to provide anybody handling fancy-colored diamonds a common language with which to communicate hue information.
“By creating the GemeFancy, we have provided the activity with tools to make this dream of a usual color language a reality,” he said.
The free three-month trial period began on May 5. To aggrandizement the free criterion for three months with no obligations, visit Gemewizard.com/FancySquare.
GemeWizard, a provider of software and hardware for professionals in the colored-gemstone, fancy-colored diamond and jewelry industries, offers an entire followers of colored-diamond identification products, called GemeSquare. The system allows users to describe a gem’s color greater quantity accurately and to communicate the information to other professionals who are not GemeWizard users.
GemeWizard is slated to display at a booth at the upcoming JCK Las Vegas jewelry show.