Recently added articles from Israel Diamonds:
Note from the publisher.
Apr 01, 2009; ... Dear reader, An article that appeared on the news wires at the end of March caught my attention, in part because it indirectly addresses the long debate about commoditization in the diamond business, and more specifically the risk involved in the merging of commodities and ...
IDI holds event to mark biography of Moshe Schnitzer.(SHORT cuts)
Apr 01, 2009 ... [ILLUSTRATION OMITTED] Israeli diamond leaders gathered with family and friends of Moshe Schnitzer in Tel Aviv on March 16 to view an exhibition of photos from the recently published biography of the doyen of the Israeli diamond industry. The book, entitled "The ...
Versace tiara to be auctioned for AIDS charity.(SHORT cuts)
Apr 01, 2009 ... Online jewelry retailer bidz.com auctioned off a gold and diamond tiara designed by the late Gianni Versace to benefit the Aid for AIDS charity on March 23. The tiara is set with more than 1,200 diamonds and is worth an estimated $3 million. It has been worn by Madonna, Amber Valletta and ...
Israeli diamond firms in strong turnout at BaselWorld.(SHORT cuts)
Apr 01, 2009 ... The Israeli diamond industry once again had a significant presence at BaselWorld 2009, with 18 Israeli diamond exporters participating in the key show which took place from March 26 to April 2, 2009. In addition, the Israel Diamond Institute (IDI) again had a prominent information and ...
Gandhi relative calling for Britain to return Koh-i-noor diamond.(SHORT cuts)
Apr 01, 2009 ... [ILLUSTRATION OMITTED] The great-grandson of Indian independence leader Mahatma Gandhi is calling for Britain to return the Koh-i-noor diamond to India. Tushar Gandhi, 49, has asked the Indian government work on returning the Koh-i-noor which was presented to Queen Victoria in ...
Nivea sells diamond and gold jar of cream to help breast cancer charity.(SHORT cuts)
Apr 01, 2009 ... [ILLUSTRATION OMITTED] Skin care products manufacturer Nivea is selling a diamond-studded jar of cream with the proceeds from the sale to be donated to Britain's Breast Cancer Care charity. The sale is in honor of Mother's Day in the United Kingdom on March 22, with Nivea aiming ...
Schnitzer plays host to visit by British Embassy official.(SHORT cuts)
Apr 01, 2009 ... [ILLUSTRATION OMITTED] Shmuel Schnitzer, honorary president of the Israel Diamond Exchange and of the World Federation of Diamond Bourses, welcomes Richard Salt, Director Trade and ...
DTC launches Shining Light Awards Southern Africa 2009 collection.
Apr 01, 2009 ... [ILLUSTRATION OMITTED] The Diamond Trading Company (DTC) launched a new collection of diamond jewelry--the DTC Shining Light Awards Southern Africa 2009 collection--at a special event in Johannesburg in late February. The new collection features 18 spectacular diamond jewelry ...
Diamond jewelry adds sparkle to Oscars.(Cover story)
Apr 01, 2009 ... [ILLUSTRATION OMITTED] Despite the deepest recession seen for several decades, leading actresses at the 81st Annual Academy Awards ceremony on February 22 sparkled with classic diamond drop earrings, diamond statement necklaces, diamond cuffs, diamond line bracelets and other ...
GemePrice--providing gemstone and diamond pricing at the click of a button.
Apr 01, 2009 ... [ILLUSTRATION OMITTED] How does industry decide a price for a diamond or colored gemstone? After all, a price quoted in New York may be entirely different to that asked in Brazil, Thailand or Israel. Certain stones may be more popular in some countries than others and therefore ...
Israel Diamond Institute launches marketing initiative.
Apr 01, 2009 ... [ILLUSTRATION OMITTED] With the global financial crisis worsening and diamond exporters feeling the brunt of the slowdown, diamond industry organizations are taking steps to provide assistance to their diamond firms. In India, the Gems and Jewellery Export and Promotion Council ...
Priceless collection of Jewish jewelry goes on display in London.
Apr 01, 2009 ... [ILLUSTRATION OMITTED] Two extraordinary hoards of jewelry, medieval silver vessels and coins, one of which was discovered 650 years after it was concealed, probably by Jews at the most perilous time in their history prior to the Holocaust, went on display in Britain in February ...
Dropping diamond revenues causing concern in Botswana.
Apr 01, 2009 ... [ILLUSTRATION OMITTED] As with the entire diamond pipeline, the speed of the global financial slowdown has also caught out Botswana, the world's leading diamond producer by volume. Hugely dependent on its diamond mines for earnings and foreign currency, the country had also only ...
Israel's Union Bank reports large drop in credit to diamond sector.(FACETS)
Apr 01, 2009 ... Credit extended to the Israeli diamond industry from the country's banks dropped 21 percent to $1.9 billion during the four-month period through to the end of January, according to a report by the Union Bank of Israel. The bank said in it 2008 annual report that the decrease was a result ...
Leviev's Namibian plant fires 70 percent of staff.(FACETS)
Apr 01, 2009 ... The LLD diamond polishing plant in Namibia, owned by Israeli diamond magnate Lev Leviev, has laid off more than 70 percent of its staff due to the global economic slowdown. The factory fired 77 workers, leaving it with around 30 staff, according to CEO Kombadayedu Kapwanga cited in the ...
Sarin reports slump in profits as demand plummets.(FACETS)
Apr 01, 2009 ... Another indication of the severity of the global downturn in the diamond trade has come with the announcement by Satin Technologies Ltd of an 80.1 percent decline on the year in profits for 2008 to just $1.59 million. Sarin, which makes machinery for the diamond manufacturing sector, ...
New round of GIA lay-offs hit 20 percent of U.S. staff, salaries cut.(FACETS)
Apr 01, 2009 ... The Gemological Institute of America (GIA) has laid off 20 percent of its workforce and has cut executive salaries by 10 percent and those of salaried employees by 20 percent, National Jeweler magazine reported. In the latest round of layoffs, 103 U.S. staff members, 71 at GIA's Carlsbad, ...
De Beers sales increase slightly, production falls in 2008.(FACETS)
Apr 01, 2009 ... De Beers' sales inched up 1 percent to $6.89 billion in 2008, compared with $6.84 billion in 2007, the company said. Earnings before interest, taxation, depreciation and amortization rose just 0.5 percent, from $1.216 billion to $1.222 billion, although underlying earnings rose 7 percent, ...
Rio Tinto to tender blue diamond collection.(FACETS)
Apr 01, 2009 ... Rio Tinto is to hold a closed tender for a unique sale of rare blue diamonds from its Argyle mine in Australia. The "Once in a Blue Moon" collection will showcase in Perth, Hong Kong and Tokyo with closing bids to be received by April 8. The Argyle mine is best known for ...
Canada opens diamond bourse in Toronto.(FACETS)
Apr 01, 2009 ... Canada, which has become a leading global diamond producer in the past 15 years, is to open its first diamond exchange to be called the Diamond Bourse of Canada (DBC). The official launch took place in Toronto on Tuesday. Avi Paz, president of the World Federation of Diamond Bourses ...