Israel Diamonds back issues from August 2004:
Viewpoint.
Aug 01, 2004; ... Dear reader, As we report on page 36, members of the diamond community gathered in Ramat Gan in July for a rough diamond seminar, which was organized by the Israel Diamond Institute. In certain respects, the event was a sequel to a similar rough diamond seminar that took place ...
Changing of guard in Controller's office.(Short Cuts)
Aug 01, 2004 ... There has been a changing of guard in the office of the Diamond Controller, with Shmuel Mordechai, a veteran official at Israel's Ministry of Industry, Trade and Labor, taking over from Udi Sheintal, who has held the position for six years. The Diamond Controller is the Israeli ...
KP team reviews Israeli compliance.(Short Cuts)
Aug 01, 2004 ... A five-member delegation representing the Kimberley Process visited Israel from May 17 to 20 at the invitation of the Israeli government, in order to review this country's compliance with the conflict diamond control standards. The review team included Jacob A.R. Thamage, ...
Leviev and Endiama open sales office.(Short Cuts)
Aug 01, 2004 ... If it is up to Lev Leviev, July 14 will be remembered as a revolutionary milestone. On the afternoon of Bastille Day, which commemorated another dramatic event in 1789, the Israeli diamantaire signed an agreement with Dr. Manuel Calado, the president of Endiama, Angola's state-owned ...
"Catwoman" pitches right hand rings.(Short Cuts)
Aug 01, 2004 ... Building on the consumer response to its right hand ring campaign, the Diamond Trading Company has teamed up with Warner Bros. Pictures on a promotion for the movie "Catwoman," a major-summer release coming to theaters in July 2004. "Catwoman was the perfect fit for us," says ...
"Spiderman II" caught by WebCut[R].(Short Cuts)
Aug 01, 2004 ... It was not an evening for arachnophobics. Celebrity aficionados of the creepy crawly, and particular of its most famous imitator, the red-clad superhero Spiderman, decked out in their very best for the premiere in London of the Spiderman II movie. Stealing the show was the Irish singer and ...
Thatcher infatuated with necklace.(Short Cuts)
Aug 01, 2004 ... A new book has revealed that Baroness Margaret Thatcher tried to convince the Sultan of Oman to create a replica of a 200,000 [pounds sterling] diamond and sapphire necklace, which she was given as a gift in 1981 and forced to give up when she resigned as British prime minister. It also ...
Indian drug lord moves into diamonds.(Short Cuts)
Aug 01, 2004 ... Sharafat Sheikh, one of India's most notorious drug lords, has in recent years emerged into one of the largest diamond merchants the Indian capital, reports the Times News Network. According to a senior police officer, much of the gold and diamond stolen ...
JCK Show gives thumbs up to recovery of U.S. market.
Aug 01, 2004 ... Judging by both buyer and exhibitor reports, if there were any lingering doubts about the recovery in the U.S. economy, they were put to bed by the end of the 2004 JCK-Las Vegas Show, which took place at the Sands Expo & Convention Center from June 4 to 8. And while there were ...
Leviev inaugurates Africa's biggest cutting plant.(Facets)
Aug 01, 2004 ... Lev Leviev, the Israel diamond industry's largest exporter of polished diamonds and importer of rough diamonds, has inaugurated what is being called Africa's largest diamond cutting factory in the Namibian capital of Windhoek. The plant, which it is said will employ 500 workers, ...
Gareth Penny introduces the DTC's new management team.(Facets)
Aug 01, 2004 ... Gareth Penny, the managing director of the Diamond Trading Company (DTC), has announced the members of the organization's new executive team. In making the announcement, he noted that it includes five nationalities and more than 200 years of accumulated experiencen in the ...
U.S. charges Hezbollah with dealing in diamonds.(Facets)
Aug 01, 2004 ... A U.S. diplomat in Sierra Leone has said that the militant Lebanese movement, Hezbollah has been siphoning profits from the West Africa's multimillion-dollar diamond trade, by threatening Lebanese diamond merchants who traditionally have dominated the trade in the region. "One ...
Israel to establish commercial center in India.(Facets)
Aug 01, 2004 ... The government of Israel is set to sponsor the establishment of a commercial center in the Indian diamond center of Mumbai, to take the place of the consulate that already has closed down. According to the Ma'ariv daily, construction on the commercial center is expected to start ...
Kimberley Process releases new list of compliant members.(Facets)
Aug 01, 2004 ... The Kimberley Process forum has declared that Norway has been accepted as a lull member of the Kimberley Process, and thus can be included within the group of countries with whom rough diamond can now be traded legally. Chinese Taipei has also met the minimum requirements of the Kimberley ...
DTC sales up 2.16% during first half of 2004.(Facets)
Aug 01, 2004 ... De Beers has announced that its marketing arm, the Diamond Trading Company (DTC), registered rough diamond salts worth $2.98 million. 2.16 percent higher than during the equivalent period in 2003. According to the De Beers statement, the DTC raised its rough diamond prices on ...
De Beers estimates world jewelry sales increase 7-8% during first half.(Facets)
Aug 01, 2004 ... With consumer markets report good growth in retail sales of diamond jewelry during the first half of 2004 compared with the same period last year, which was affected by war in the Middle East and the SARS virus, De Beers has said the U.S. dollar value of global diamond jewelry sales is ...
De Beers pleads guilty to price fixing in Ohio courtroom.(Facets)
Aug 01, 2004 ... De Beers has agreed to plead guilty to criminal price fixing in a U.S. court in Ohio. The move, the company evidently hopes, will prepare the way for it to begin trading directly in the United States. "De Beers has reached a settlement with the United States Department of ...
Former New York sightholder sues De Beers and J. Walter Thompson.(Facets)
Aug 01, 2004 ... W. B. David & Co., Inc., a New York-based diamond company that was among the firms cut from De Beers sightholder list in 2003, has filed a suit in a federal courthouse in Manhattan, New York, against 90 defendants, including De Beers itself, the Diamond Trading Company, Diamdel, J. Walter ...
Kimberley Process forum suspends membership of Republic of Congo.(Facets)
Aug 01, 2004 ... The Kimberley Process forum has suspended the membership of Republic of Congo (Brazzaville), thus making it illegal to conduct trade in rough diamonds from that country among other members of the Kimberley Process. The move follows accusations that rough diamonds are being smuggled out of ...
Strong rand threatening De Beers' mining operations in South Africa.(Facets)
Aug 01, 2004 ... The strength of the South African rand against the U.S. dollar may force De Beers to consider closing some of its operations in South Africa, warned Jonathan Oppenheimer, the new managing director of De Beers Consolidated Mines. Quoted by Business Day, Oppenheimer said while De ...
Lack of production threatens Botswana economy.(Facets)
Aug 01, 2004 ... A 14 percent shortfall in the production of rough diamonds during the first five months of 2005 threatens to have a severe economic impact on the economy of Botswana, reports Business Day. According to Louis Nehindo, the outgoing managing director of Debswana, the diamond mining ...
Polished exports equal $3.29 billion during first half.(Summing Up)
Aug 01, 2004 ... POLISHED EXPORTS Israel's diamond sector closed out a record breaking first half on June 30, 2004, with polished diamond exports standing at 3.29 billion, 23.9 percent more than the $2.66 billion worth reported during the same six-month period a year earlier. In terms of volume, ...
Trade flocks to rough seminar as miners call for funding.
Aug 01, 2004 ... The Israel Diamond Institute's Rough Diamond Seminar, held July 12-13 at the Sheraton Tower Hotel in Ramat Gan, focused the Israeli industry's attention on its fastest growing segment. Israel's diamond trade has been moving rapidly in recent years from its classic position at ...
Going upstream in Sierra Leone.(Cover Story)
Aug 01, 2004 ... The past several years in the diamond industry has been characterized by diamond companies making a move downstream into the jewelry consumer markets. But the vertical integration of the business goes both ways, and another. less evident trend of late has been companies going upstream in ...
Banker urges industry to mitigate reputational risk.
Aug 01, 2004 ... Peter Gross, the global head of the International Diamond & Jewelry Group at ABN AMRO Bank in Belgium chose to address participants at July's Rough Diamond Seminar in Ramat Gan about the risk posed by the loss of reputation to the diamond sector and the financial institutions that serve ...
Jovella 2004 show ends on a high note.
Aug 01, 2004 ... Near-universal acclaim greeted the international diamond, gem and jewelry show Jovella 2004, held at the David Intercontinental Hotel in Tel Aviv July 7-8. Former skeptics joined organizers and other proponents in agreeing that the show had been an enormous success, even though the Israel ...
Going to America.
Aug 01, 2004 ... The 90 Israeli exhibitors at the JCK Show-Las Vegas 2004 gave testimony to the centrality of the United States for Israeli jewelry manufacturers and marketers. In coming to the country's jewelry industry's largest trade show, all of the Israelis shared a common goal--to grow their share in ...
Diamonds dazzle again at Spring auctions: as has been the case for some time already, Christie's led Sotheby's during the Spring sales. Sotheby's, though, picked up the biggest single sale of the season.
Aug 01, 2004 ... When bidders fight over million dollar-plus diamonds, you know the market for jewelry has picked up. This Spring, 17 such items were sold at Sotheby's and Christie's. As has been the case for the past several years, Christie's was successful far more often, racking up higher ...
President of CIBJO pays first visit to Israel.
Aug 01, 2004 ... Making his first trip to Israel in June was Gaetano Cavalieri, the president of CIBJO, The World Jewelry Confederation. Spending several days in the country as a guest of the Diamond, Colored Gemstone and Jewelry Administration of the Ministry Oil Industry, Trade and Employment, he also ...