israeli diamond portal

Mehul Choksi, CMD Gitanjali fine jewelry group and chairman of FICCI’s gems and jewelry committee spoke to India’s Economic Times (ET) on the challenges and the way forward for the diamond sector in India.

According to IDEX, the Moscow Diamond Bourse’s (MDB) license has been suspended by the Russian Federal Service for Financial Markets (FSFR) until February 16, 2009.

The Thai Gem and Jewelry Traders Association (TGJTA) has released export and import figures for the first ten months of the year regarding the country's diamond, gem and jewelry industry and trade.

With US holiday sales shaping up to be the lowest in years, possibly the worst since the industry began annual comparisons in 1969, retailers say they're taking consumers' demands for good deals seriously, writes Associated Press (AP).

Firestone Diamonds has announced that its turnover for the year ending 30 June, 2008 increased by 102% to £3.3m as compared to £1.6m in 2007. Nevertheless, loss came to £0.2 million as compared to a loss of £0.5 million in the previous year.

Dutch Foreign Minister Maxime Verhagen has stated that Zimbabwe should not profit from its illegal diamond trade and has called for the European Union to investigate ways to stop it.

Varda Shine: “Despite the global economic crisis, diamond jewelry is still the number 1 gift for the holidays in 2008.”

Fancy colored diamonds take one’s breath away, but they are extremely costly. The price of a pink diamond from the Argyle mine currently stands at somewhere between $200,000 and $250,000, not exactly an affordable price for the average consumer.

The use of websites to compare prices and conduct purchases is becoming more and more widespread. Buyers visit websites to check inventory and prices, but at the same time the websites gather information about users and consumers.

Jewelry is mankind’s oldest means of adornment. Fashions change almost daily but jewelry’s popularity is everlasting