News

Fancy color diamond firm Leibish & Co. will be showing a 2.02-carat, Fancy Vivid purplish pink SI2 diamond at the March 5-9 Hong Kong International Jewellery Show.

The Kristall Production Corp, situated in Smolensk in Russia, has marked its 50th year of operation, having been established by the government of the former Soviet Union on March 1, 1963.

Global auction house Sotheby's posted an 8 percent fall on the year in revenues last year to $768.5 million. Meanwhile, net income slumped 37 percent on 2011 to $108.3 million.

A unique 100-carat pear shape emerald will be one of many magnificent gemstones to go under the hammer at an auction of exclusive gems and jewelry organized by Tzoffey's 1818 to be held during the inaugural US/International Diamond Week at the Israel Diamond Exchange (IDE), March 17-20. The unique gemstone is accompanied by two smaller pear-shaped emeralds, weighing 50 carats each. Believed to have originated from the same piece of Zambian rough emerald, the three stones - estimated to be worth about US$4 million - is void of any treatments or enhancement processes.

The GIA (Gemological Institute of America) is re-launching its website and introducing a revised format for its global-standard gem grading and identification reports later this month.

Jewelers Security Alliance (JSA) President John Kennedy is to address New York-based GIA alumni on March 12 on the subject of How to Stay Safe in a Dangerous Business.

Security provider G4S International Logistics says that all the losses from the Brussels Airport robbery on February 18 were paid in full within four days of the theft.

The Gemological Institute of America (GIA) has released a free interactive diamond app for consumers and retailers using Android smartphones and tablet devices, such as the Kindle Fire and the Samsung Galaxy.

Namakwa Diamonds reported that a tender of rough goods from its units in the North West Province of South Africa generated sales of $970,000.

Three household names stand out on the roster of lectures that will be held during the inaugural US/International Diamond Week at the Israel Diamond Exchange (IDE), March 17-20.

New York Diamond Dealers Club (DDC) President Reuven Kaufman has paid tribute to a trade mission to Dubai featuring 21 DDC companies which exhibited diamonds and diamond jewelry with a value in excess of $150 million.

The widely watched Conference Board Consumer Confidence Index rebounded in February after dropping in January. The index is at 69.6 points, up from 58.4 in January.