Gemfields sponsored the sixth annual Retail Jeweller India Awards this year, which was held on August 22, 2010. The awards spanned 20 categories and honored some of the best, most innovative and ingenious efforts in jewelry design and marketing. This year a new  category was introduced – The Jewellery Style Icon of the Year Award [...]

Rockwell Diamonds has  recovered five large gemstones from its Holpan, Klipdam and Saxendrift operations in South Africa. The new recoveries bring the total  number of rough diamonds found, of 50-carats or greater, to 11 during this current fiscal year of 2011.    At the Holpan operations, Rockwell recovered  a 136-carat clean white (H to I), [...]

PRESS RELEASE, August 30, 2010, Mumbai: Martin Rapaport addressed the issue of human rights and the diamond industry in a keynote address on August 25, 2010 at the Taj Mahal Hotel in Mumbai, India. Rapaport emphasized the need for the diamond and jewelry industry to establish realistic sourcing standards based on sustainable legal and ethical [...]

The Diamond Manufacturers & Importers Association of America (DMIA), through its attorneys Boni & Zack, Kohn and Swift & Graf and Ben Kinzler, its general counsel, filed an amicus brief on behalf of its membership in the case commonly referred to as the $250 million De Beers Settlement Case. After the brief was filed, the [...]

  Pieter Andries Jewelers selected Internet hosting and marketing firm i5 web works to create its new website, implement search engine optimization  and develop social media presence. Pieter Andries Hye, company president, said that i5 web works was chosen for its expertise in elevating search rankings. Both companies are based in the Dallas-Fort Worth area. [...]

U.S. consumer sentiment  fell slightly in August to 53.5 points according to The Conference Board Consumer Confidence Index. One year ago the measure was 54.5 points.   The Present Situation Index fell half a point to 24.9 and the Expectations Index dropped to 72.5 points from 73.8 points in August 2009.   Lynn Franco, director [...]

  The Diamond Trading Company (DTC) August sight closed at an estimated value of $540 million as prices and assortments were remained relatively stable for the month. Sight participants reported that De Beers supplied some ex-plan, the majority of which went to sighs in Botswana and South Africa. Most sight participants that spoke with Rapaport [...]

  Gokhran, Russia’s state repository, is considering selling the stockpile of diamonds it bought from ALROSA during 2009, Bloomberg reported. “We are being asked to begin selling diamonds from the reserve we acquired last year,” Finance Minister Alexei Kudrin told reporters on Saturday. “We are now considering these offers.” Gokhran bought about $1 billion worth [...]

Trans Hex sold $15.7 million (ZAR 114.7 million) worth of diamonds from its South Africa operations in May, reporting that both demand and prices remained strong during the month. The sale achieved an average price of $927 per carat, according to the junior diamond miner. Trans Hex noted that production from its South Africa operations [...]

  De Beers sued U.S. retailer Kohl’s Corporation, Brilliant Jewelers/MJJ Inc. and ten unnamed “does” for patent infringement of their Everlon Diamond Knot Collection. Court documents show that De Beers believes there is an uncanny resemblance between its Everlon Diamond Knot Collection, introduced in 2007, and the  “Love Knot Collection” sold exclusively at Kohl’s department [...]