Israel Diamonds back issues from October 2005:
Viewpoint.
Oct 01, 2005; ... Dear readers, The subject of rough diamonds finds its way onto the cover of Israel Diamonds once again, although this time we are studying the issue from a less conventional perspective--and that is the complementary businesses and services which have sprung up as a result of ...
Varda Shine named DTC managing director.(SHORT cuts)
Oct 01, 2005 ... The De Beers Group has announced a number of senior appointments, among the most prominent that of Varda Shine, who will move from the post of sales director of the Diamond Trading Company to DTC managing director, when Gareth Penny vacates the latter to become managing director of the De ...
DTC announces 2006 sight dates.(SHORT cuts)
Oct 01, 2005 ... The Diamond Trading Company has announced the dates for the 10 sights that will take place during the course of 2006. They are as follows: * January 16-20 * February 20-24 ...
Israeli jewelry industry honors senior member.(SHORT cuts)
Oct 01, 2005 ... Israel's industry mourned the death on September 6 of Simon Lindenman, one of its pioneers. Lindenman studied the art of jewelry design in France and moved to Israel in 1973, establishing his company, Simon Lindenman Ltd., in 1976. He produced high-end diamond pieces set in ...
Mafatlal Mehta, 1917-2005.(SHORT cuts)
Oct 01, 2005 ... Malarial Mehta, the founder of the Jayam/Paras group of companies, passed away on September 12, 2005, several days before his 88th birthday. Born in 1917 in Palanpur, which is a village in the Indian state of Gujarat, Mehta entered diamond industry at the age of 16, when he ...
October declared Right-Hand Ring Month.(SHORT cuts)
Oct 01, 2005 ... De Beers' Diamond Promotion Service in the United States has declared October as Diamond Right Hand Ring Month. In 2005, the DTC will spend roughly 22 percent of its advertising budget on the right-hand ring campaign, while at the same time creating unique and distinctive marketing ...
Brinks introduces early delivery to Antwerp.(SHORT cuts)
Oct 01, 2005 ... Brinks, the risk management and secure logistics company, has announced that it is introducing a new service into Antwerp from Israel, by which valuables will be delivered by 9:30 A.M. on Mondays, Wednesdays, Thursday and Fridays, instead of 3:00 P.M. as was the case earlier. There is no ...
GIA calls for abstracts for 2006 conference.(SHORT cuts)
Oct 01, 2005 ... The Gemological Institute of America (GIA) is inviting gemologists and other scientists to submit abstracts for its first-ever Gemological Research Conference (GRC), to be held August 26-27, 2006, at the Manchester Grand Hyatt Hotel in San Diego, California, just prior to the 4th ...
Israel's diamond museum to be overhauled.(SHORT cuts)
Oct 01, 2005 ... For the past 20 years, the Harry Oppenheimer Diamond Museum has been tucked away at the bottom of the stairs on the west side of the Israel Diamond Exchange's Maccabi Building. But, in spite of its somewhat hidden location, over the course its existence, the museum, which is an independent ...
Sotheby's Diamonds: blue-ribbon trunk show: Sotheby's steps into the high-end retail jewelry arena, together with the Steinmetz Diamond Group. What is envisioned is a traveling trunk show, with 12 events a year, each one taking place over three to five days.
Oct 01, 2005; ... Sotheby's, one of the world's two preeminent auction houses, has taken another step into the high-end retail jewelry arena with the announcement of a joint-venture with Steinmetz Diamond Group. The new entity, to be known as Sotheby's Diamonds, will operate in a unique venue. Neither in a ...
Spotlight shone on Diamdel Israel: 'Diamdel's client base does include former DTC clients but their applications are considered in exactly the same way as we consider all of our clients' applications. We are far from a 'substitute DTC.' That is not our role.'.(Interview)
Oct 01, 2005 ... While it operated out of the limelight for many years, with the introduction of De Beers' Supplier of Choice program at the beginning of the millennium, the company's rough diamond dealership Diamdel was thrust more firmly into the public's consciousness. De Beers itself was responsible, ...
A rough education: teaching the next generation.
Oct 01, 2005 ... Israelis love to say that they can do the impossible immediately, but turning dreams into reality takes a little longer. Still, new generations of diamantaires have continually moved the goalposts by setting new targets for the industry's growth, and that in recent years has occurred ...
A tender thought in the pursuit of rough: 'this will be a difficult time for Israelis to maintain their position in the market and tenders will be one opportunity for them to maintain that position with regular supplies from the source.'.(Cover Story)
Oct 01, 2005 ... While Israel's diamantaires have always been credited with their ability to survive at all costs and their creativity and adaptability in the face of change, they too suffer the woes of ever-increasing rough diamond shortages in the global market--and this in spite of having developed in ...
Shenkar jewelry graduates wrap up the year with flair: an exhibition by its 14 final year students from the Jewelry Design Department of Shenkar College of Engineering and Design in Ramat Gan in July showed the wealth of talent that will be entering the Israeli jewelry sector.
Oct 01, 2005 ... The Jewelry Design Department of Shenkar College of Engineering and Design in Ramat Gan, Israel, rounded up the academic year with an exhibition in July of unusual, interesting and complex jewelry collections designed by its 14 final year students for their graduation projects. ...
Tanzanite producers join with Africa calling for more beneficiation: for Tanzania, a great deal is riding on the success or failure of its tanzanite sector. Indeed, it is rare that so small a deposit has achieved so significant an opportunity.
Oct 01, 2005 ... Tanzanite, the icy blue colored gemstone that originally was catapulted into fame by Tiffany's has had an up and down history in recent years. In fact, tanzanite has long boasted a quirky past. Legend has it that, after the famed New York jewelry company was introduced to the product by ...
Israel Diamond Institute opening representative office in New York.(FACETS)
Oct 01, 2005 ... The Israel Diamond Institute (IDI) will inaugurate its first international representative office in the heart of the New York diamond district at 576, 47th Street. The official opening will be in early October, in conjunction with the Diamonds by JCK trade show. The mission of ...
IDE and DTC agree to cooperation in rough supply and marketing.(FACETS)
Oct 01, 2005 ... In a meeting held in London on July 25, Israel Diamond Exchange (IDE) President Avi Paz and DTC Managing Director Gareth Penny agreed to enhance cooperation in the areas of rough supply and marketing activities. They also agreed to increase the number of official meetings held annually ...
Israel made a splash at Hong Kong Show.(FACETS)
Oct 01, 2005 ... The Israeli diamond industry made a major splash at the September Hong Kong Jewellery & Watch Fair, held September 21-25, 2005. This year's show hosted the largest Israeli diamond contingent ever at an Asian event, with 41 Israeli manufacturers and exporters exhibiting within the Israel ...
Indian bank opening Israel Diamond Exchange branch in November.(FACETS)
Oct 01, 2005 ... The State Bank of India will probably open its first branch in the Israel Diamond Exchange complex in November. Yoav Lehmann fron the Bank of Israel said all the paperwork had been completed and a draft license sent. Israel's Minister of Industry, Trade, and Labor, Ehud Olmert, ...
Sarin employs Belgian technology in laser-powered cutting tools.(FACETS)
Oct 01, 2005 ... Sarin technologies has launched a brand new laser sawing, cutting and shaping product for the diamond industry, based on proprietary technology and the latest green laser technology developed by CNC Laser of Belgium. Sarin said the use of a green laser as opposed to the traditional red ...
Top 10 floors of Israel's Diamond Tower sold.(FACETS)
Oct 01, 2005 ... A group of Israel's leading diamond dealers has reportedly paid $45 million for the top 10 floors of the Diamond Tower, the newest building in the Israel Diamond Exchange (IDE) complex. The seller was Sahar Development & Investments Ltd., a major Israeli real estate group. ...
Scandals rock the Israel Diamond Exchange.(FACETS)
Oct 01, 2005 ... Israeli police are investigating an alleged diamond theft by Mordechai Kastenbaum, who is said to have taken a consignment of 15 diamonds worth $2.5 million for evaluation in Europe, but then disappeared with the stones. Kastenbaum is not a bourse member, Israeli media said. ...
DTC launches global roadshow for non-sightholders.(FACETS)
Oct 01, 2005 ... The Diamond Trading Company (DTC) chose the Belgian diamond center of Antwerp on September 8 to launch its first ever global roadshow intended exclusively for nonsightholders. The event was organized in conjunction with the World Federation of Diamond Bourses (WFDB). The DTC ...
DTC Business Excellence Seminar held in Wales.(FACETS)
Oct 01, 2005 ... De Beers' DTC held its first Business Excellence Seminar for sightholders on August 31 at Newport, Wales. The seminar was held to mark the start of its "Value Added Services" program, which began with the new two and a half year supply contract period on July 7. Lord Sebastian ...
New diamond bill introduced in South African parliament.(FACETS)
Oct 01, 2005 ... The latest version of a "Diamond Amendment Bill" has been introduced in South Africa's parliament. It is not being welcomed by South Africa's rough diamond producers, foremost among them De Beers. The goals have been discussed for a while now: mainly "beneficiation," or ...
Botswana bill fosters diamond and gemstone industry.(FACETS)
Oct 01, 2005 ... Charles Tibone, Botswana's minister of minerals, energy and water resources, has introduced a bill in the country's parliament meant to increase the numbers of diamond and precious stones dealers, BOPA reports. If passed, the bill would make dealer licenses valid for five years ...
Botswana won't sell rough to China, reports newspaper.(FACETS)
Oct 01, 2005 ... Chinese Ambassador to Botswana Jiang Zhouteng recently encouraged the country to consider selling its rough diamonds directly to China but was rebuffed, reports Mmegi, a Gaborone newspaper. Kago Moshashane, deputy permanent secretary of the country's Ministry of Mineral Energy ...
JCK announces new jewelry show in India.(FACETS)
Oct 01, 2005 ... JCK Shows has announced that it will be debuting an Indian jewelry trade show in 2006. Called JCK New Delhi, it will launch September 28-30, 2006, at Pragati Maidan expo venue in the Indian capital. JCK New Delhi 2006 is organized by Reed Exhibitions Ltd. and inter Ads Ltd. ...
Russia abolishing diamond export quotas.(FACETS)
Oct 01, 2005 ... The Russian government will abolish by decree its current export quotas for diamonds in about six months, Minister of Finance Alexei Kudrin told a press conference on September 7. Kudrin is also chairman of Alrosa's supervisory council. Russia, which is set to join the World ...
Alrosa reportedly unhappy with Lazare Kaplan partnership.(FACETS)
Oct 01, 2005 ... Russian diamond mining monopoly Alrosa wants to fundamentally renegotiate its partnership with New York-based Lazare Kaplan International, (LKI), according to the Russian business newspaper Kommersant and the RIA Novosti news agency. Under the terms of the deal signed in 1996, ...
Diamond Development Initiative releases mission statement.(FACETS)
Oct 01, 2005 ... The founders of the Diamond Development Initiative (DDI) released a mission statement on August 17, saying that they mean to address the problems faced by more than 1 million African diamond diggers, their governments and the diamond industry. The founders also announced a plan to hold a ...
Congo Brazzaville seeks to prove its diamonds are clean.(FACETS)
Oct 01, 2005 ... The Republic of Congo (Brazzaville) is hosting a delegation from former colonial power France to prove that it has cleaned up its diamond export system and deserves to be readmitted to the Kimberley Process, Reuters reported. The delegation from the Office of Research Studies on ...
Underground mining finally ends in Kimberley.(FACETS)
Oct 01, 2005 ... Underground mining in the town in which De Beers was born ended on August 15, the company has revealed. The move was much anticipated, and De Beers has said that it is unlikely the mines will ever be reactivated. De Beers spokeswoman Nicola Wilson said, "Underground operations ...
De Beers agrees to set up Botswana version of DTC.(FACETS)
Oct 01, 2005 ... De Beers has agreed with the Botswana government to set up a Botswana-only version of its Diamond Trading Company. DTC Botswana will sort and value all stones produced by Debswana, the 50-50 joint-venture between De Beers and the country's government. The new company may also ...
De Beers' Victor Project gets environmental green light.(FACETS)
Oct 01, 2005 ... Canadian Minister of the Environment Stephane Dion said August 19 that De Beers Canada's proposed Victor Diamond Mine Project in northern Ontario does not require further assessment by a review panel or mediator. He said he has referred the project to Natural Resources Canada, Fisheries ...
Arabian Gulf diamond jewelry markets booming.(FACETS)
Oct 01, 2005 ... The Arabian Gulf countries accounted for $1.85 billion in diamond sales in 2004, up 14 percent from the year before, according to the TradeArabia News Service. Jonathan Chippendale, Gulf marketing director for De Beers's Diamond Trading company, said that diamond jewelry sales ...
Rio Tinto diamond sales rise 24 percent.(FACETS)
Oct 01, 2005 ... Rio Tinto's diamond operations generated sales of $454 million for the six months period ending June 30, an increase of 24 percent over the corresponding period in 2004. The company's net earnings from the diamond operations increased 10 percent to $99 million. The substantial rise in ...
Tiffany's profit up 53 percent.(FACETS)
Oct 01, 2005 ... Tiffany's reported net profits of $50.6 million in sales of $526.7 million in the quarter ending July 31. That was a 53 percent increase in profit from the same quarter last year, when earnings totaled $33.1 million on sales of $476.6 million. U.S. store sales were up 8 percent, Japanese ...
Blue Nile reports sales of $43.8 million, up 25.1 percent.(FACETS)
Oct 01, 2005 ... U.S.-based online jewelry retailer Blue Nile, Inc. reported net sales totaling $43.8 million in the second quarter of 2005, up 25.1 percent from $35 million in the second quarter of 2004. Net income in the second quarter increased 49.9 percent to $2.8 million, from $1.9 million in the ...
Suspicious diamond imports reported in Lebanon.(FACETS)
Oct 01, 2005 ... Lebanon has reported in an official website that some $156 million of "industrial" rough diamonds were imported into the country this year, said the UN's Integrated Regional Information Networks. The non-governmental organization Global Witness sounded the alarm over this ...
Next-generation CD burners use synthetic diamond lenses.(FACETS)
Oct 01, 2005 ... The U.K.-based company Element Six said it is using synthetic diamonds in lenses for the next generation of CD burners, which can produce disks that store up to 1 terabyte (1,000 gigabytes) of data. The company, which is based in Ascot, England, explains that the key to the ...
Canada to reveal rough diamond statistics.(FACETS)
Oct 01, 2005 ... A bill slated for rapid passage in the Canadian parliament will allow the government there to disclose rough diamond import and export figures in both carat weight and dollar terms. Current Canadian law actually bars the government from disclosing anything but the number of shipments of ...
Ashton Mining finds diamonds in Quebec.(FACETS)
Oct 01, 2005 ... Ashton Mining of Canada Inc. and its 50-50 joint venture partner, SOQUEM INC., have discovered four new areas of kimberlitic boulders on the Foxtrot property in north-central Quebec. Several of the boulders have an estimated weight of up to one metric ton, and a number of them measure as ...
Hong Kong's share of Israeli exports rises.(SUMMING UP)
Oct 01, 2005 ... As a record contingent of Israeli diamond exporters prepared for the Hong Kong Jewellery & Watch Fair in September, the Israel Ministry of Industry, Trade and Labor released data which showed that Hong Kong's share of the export total had risen sharply during the course of 2005. Polished ...
International Gemmological Institute celebrates 30 years since founding. Employing 450 professionals in a global network of gem labs, IGI is reported to issue more grading reports than any other gemological institute, and is said to hold a one-third share of the lucrative U.S. market.
Oct 01, 2005 ... It is a remarkable success story. Founded in Antwerp 30 years ago as the first Belgian diamond grading lab, the International Gemmological Institute (IGI) grew from a small family run laboratory with a staff of three into an international network of gem labs with 450 employees, reportedly ...
GIA and SARIN make history, bring the 4th C to the industry: using Sarin's new system, not only can a diamantaire find the best GIA proportions for different types of rough, but he can respond to his niche market needs by determining the optimal compromise between rough yield potential, cut grade, and market demand for different diamond looks.
Oct 01, 2005 ... Members of the Israeli diamond trade packed the Gesher Restaurant at the Israel Diamond Exchange on the afternoon of September 5 for a seminar that they clearly hoped would prepare them for the next big thing to hit the industry--the introduction of a cut grade by the Gemological Institute ...
DTC first-half sales rise but De Beers Group profit is down: De Beers Group diamond production for the first half of 2005 was 23.7 million carats, an increase of 23 percent over the same period in 2004. As a result of the increased production, stock levels have risen by about $400 million compared to June 2004.
Oct 01, 2005; ... De Beers S.A. announced diamond sales of $3.22 I billion by the Diamond Trading Company in the first six months of 2005, up almost 8 percent from $2.983 billion in the corresponding period of 2004. However, De Beers' "own earnings" were 8 percent lower at $345 million than in the ...