National Jeweler Network - Diamond News

De Beers CEO Penny to exit company

Fri, 23 Jul 2010 03:00:00 EDT

De Beers Chief Executive Officer Gareth Penny will step down this fall after five years at the helm of the world's largest diamond mining company, a tenure that included guiding De Beers through one of the worst financial crises in history.

GIA hosts career fair, Melo pearl lecture

Fri, 23 Jul 2010 10:07:00 EDT

The Gemological Institute of America (GIA) has announced plans to host a career fair in Carlsbad, Calif., headquarters in October, and is also inviting the gemological community to attend a lecture on the much buzzed-about Melo pearl in Bangkok, Thailand, next week.

NGOs issue lukewarm response to KP resolution

Mon, 19 Jul 2010 11:30:00 EDT

Two non-governmental organizations (NGOs) acknowledged that the deal reached last week by members of the Kimberley Process (KP) regarding rough diamond exports from Zimbabwe's Marange region could help end the alleged human rights abuses in that area.

KP gives green light to Marange exports

Thu, 15 Jul 2010 03:08:00 EDT

After countless hours of debate in two far-flung nations, the members of the Kimberley Process (KP) finally were able to come to an agreement that would allow exports of rough diamonds from Zimbabwe's troubled Marange diamond fields to resume.

Diamond District BID meeting set for July 19

Thu, 15 Jul 2010 01:35:00 EDT

The annual public meeting of the 47th Street Business Improvement District (BID), which encompasses the New York City Diamond District, is scheduled for Monday, July 19, at 10:30 a.m., and will be held at the Diamond Dealers Café, located at 11 W.47th St. on the 10th floor.

IDEX Online: Court scraps De Beers antitrust deal

Wed, 14 Jul 2010 12:23:00 EDT

A U.S. federal appeals court rejected on Tuesday the De Beers antitrust deal over what seems to be a technical issue.

WFDB, IDMA wrap up World Diamond Congress

Tue, 13 Jul 2010 02:21:00 EDT

The 34th World Diamond Congress drew to a close Tuesday in Moscow, with the expected issues--the Kimberley Process (KP) and economic recovery--taking center stage.

World Diamond Congress kicks off, Paz re-elected

Mon, 12 Jul 2010 01:29:00 EDT

The 34th annual World Diamond Congress opened Sunday in Moscow, kicking off three days of discussion on topics of vital importance to the diamond industry, including economic recovery and the situation in Zimbabwe.

World Diamond Congress to start Sunday in Moscow

Fri, 09 Jul 2010 12:46:00 EDT

Economic recovery tops the agenda for the General Assembly of the World Federation of Diamond Bourses (WFDB), set to gather in Russia next week for the 34th annual World Diamond Congress.

Diamond trade up significantly for Israel

Tue, 06 Jul 2010 01:15:00 EDT

The recovery continued for the Israeli diamond industry in the first half of 2010, the latest import and export statistics released by the country's Ministry of Industry, Trade and Labor show.

AWDC elects Parikh president, first Indian in post

Fri, 02 Jul 2010 01:07:00 EDT

The board of directors of the Antwerp World Diamond Centre (AWDC) has elected Nishit Parikh as the organization's new president, marking the first time a person of Indian origin has headed the AWDC, the organization announced in a news release.

GIA to offer more than 140 scholarships for 2011

Fri, 02 Jul 2010 12:31:00 EDT

The Gemological Institute of America (GIA) launched its 2011 scholarship season this June, kick-starting it with an offering of more than 140 scholarship opportunities for students, including two new $10,000 awards from Tiffany and Co.

WFDB president: Don't buy diamonds from Marange

Wed, 30 Jun 2010 12:51:00 EDT

Ahead of the 34th World Diamond Congress and annual World Diamond Council (WDC) meeting scheduled to take place next month in Russia, the president of the World Federation of Diamond Bourses (WFDB) has issued a stern warning to the industry: Don't buy Marange rough.

Pink diamond tiara sparkles at London fair

Wed, 30 Jun 2010 09:54:00 EDT

A diamond tiara containing 178 Argyle pink diamonds was among the unique objects on display at the recent Masterpiece Fair 2010 London, touted as a showcase of the most coveted objects on earth.

Supply-chain financing tops IDMA agenda in Russia

Wed, 30 Jun 2010 08:00:00 EDT

The financial burden placed on diamond manufacturers will be at the forefront of the agenda when the International Diamond Manufacturers Association (IDMA) meets at the 34th annual World Diamond Congress next month.

Report: Appeal nixed in De Beers antitrust case

Tue, 29 Jun 2010 02:46:00 EDT

Europe's highest court has backed a European Union (EU) regulatory decision to drop an antitrust case against De Beers in return for the company's continued promise not to buy rough diamonds from Russia's state-owned diamond miner Alrosa, Reuters Africa reported Tuesday.

WDC calls for continued cooperation on KP

Fri, 25 Jun 2010 01:07:00 EDT

One day after the four-day long Kimberley Process (KP) intersessional meeting ended at an impasse, the World Diamond Council (WDC) has issued a call for continued dialogue and cooperation among KP stakeholders.

IDEX Online: KP conference ends at an impasse

Thu, 24 Jun 2010 11:03:00 EDT

The 2010 Kimberley Process (KP) Intersessional ended a day late at what can only be described as a resonating failure. Presided over by Israel as chair, the conference agenda was dominated by the issue of the exports of diamonds from Zimbabwe's Marange fields.

Giving back: From aid to trade

Hedda T. Schupak — Thu, 24 Jun 2010 11:00:00 EDT

Civil rights leader Benjamin Chavis hopes the Diamond Empowerment Fund will help Africans learn how to thrive through education. Chavis talks to National Jeweler about his hopes, concerns and how he'd like to see the industry get involved.

Key players to attend Windy City conference

Thu, 24 Jun 2010 10:55:00 EDT

Mining company Rio Tinto has drawn a host of big-name diamond companies, buying groups and retailers for its inaugural jewelry business development symposium set to take place next month in Chicago.