gemstone.org

Petra’s 29.6-Carat Blue Diamond Sold for $25.6M

The Cullinan mine was acquired by Petra Diamonds in 2008. Other notable diamonds discovered in the mine is the 3,106 carats Culinan Diamond in 1905- described as the largest rough gem diamond ever recovered; and a 25.5 carat blue diamond in 2013 - sold for $16.9 million.The blue diamond was discovered by Petra Diamonds about 25 miles north east of Pretoria, South Africa in January. The color makes it one of the rarest and most coveted in the world. At the point of the discovery, Petra described the stone as “an outstanding vivid blue with extraordinary saturation, tone and clarity. It is one of the most exceptional stones recovered at Cullinan during Petra’s operation of the mine”. “This sale result affirms this stone as one of the most important blue diamonds ever recovered,” Petra CEO Johan Dippenaar noted. This is a follow-up story on the the 29.6-carat blue diamond discovered at the Cullinan mine reported in the ICA January Newsletter (Sign up for the ICA Monthly Newsletter here). The acorn- sized diamond was sold to Golden Yellow Diamonds for Cora International NY for US$25.6 million, or $862,780 per carat.

Zambia receives USD 2 million dividends from Kagem

The Government of the Republic of Zambia, a 25-percent shareholder in Kagem Mining Limited, received its K10.94 million (about USD 2 million) share of the K41.6 million(about USD 8 million) dividends declared by the emerald mining company.

“This is the first dividend paid by Kagem in its 29 year history and the first such payment to the Government from any gemstone operating in Zambia,” said Minister of Finance Alexander Chikwanda in Lusaka.

Chikwanda added that Kagem needs to expand its operations significantly and partner with Government to increase its capital stocks in its efforts to alleviate poverty.

Back in 2008, when London-listed Gemfields Plc. first acquired a 75-percent beneficial interest of Kagem, the mining company was loss-making and its total annual sales was approximately USD 8.9 million, broadly the same as the dividend now being paid. It then implemented a pioneering incentive scheme, paying bonuses to all Kagem employees for each month in which pre-determined emerald productions thresholds are reached, according to London Stock Exchange.

“Kagem is the flag bearer of the Zambian gemstone sector, and one of the finest examples of what can be achieved in partnerships between government and foreign investors in the mining sphere,” said Gemfields CEO Ian Harebottle.

Spread the Secret: the $ 10 million Royal Fantasy Bra unveiled by Victoria’s Secret

Valued at $10 million, the Royal Fantasy Bra and Belt designed exclusively for Victoria’s Secret by world-renowned jeweler Mouawad was introduced in time for the holiday season. The bra is handset in 18 karat gold, featuring a 52 karat and pear shaped center ruby. The two pieces are adorned with over 4,200 precious gems from around the world including rubies, diamonds, and yellow sapphires.

Victoria’s Secret Angel Candice Swanepoel will model the Fantasy Bra in the 2013 Victoria’s Secret Dreams & Fantasies Catalogue and the Victoria’s Secret Fashion Show airing December 10th on the CBS television network.


Victoria’s Secret Angel Candice Swanepoel in The Royal Fantasy Bra valued at $10 million. Photo credit of Victoria's Secret and/or its affiliates.

Zambian government plans to set up precious-stone collection points benefiting small-scale miners

Zambian government plans to set up precious-stone collection points with the aim to reorganize small –scale miners of precious stones -- by providing them an opportunity to expose their products to international buyers at auctions.

“With the setting up of collection points, transportation will be made easier and miners can bring their products during auctions in Lusaka and money will be given to them instantly,” said Victor Mutambo, Mines, Energy and Water Development Permanent Secretary.

While the Zambian government policy on the auctions of emerald in countries like Singapore still stands, the Gemfields’ auction hosted in Lusaka this July yielded the highest unite value achieved at any auction.  Kagem Mining Limited, one of the three emerald mines in Zambia, had already pledged to hold its next auction.

CIBJO and Responsible Jewellery Council (RJC) announce Memorandum of Understanding at IJL London

LONDON: SEPTEMBER 1, 2013 - CIBJO, the World Jewellery Confederation, and the Responsible Jewellery Council (RJC) signed a Memorandum of Understanding (MOU) today at the International Jewellery London Show (IJL).  The MOU will work to further advance responsible business practices among all sectors of the jewellery supply chain, and will include the use of CSR education programmes developed by CIBJO, in collaboration with the United Nations, and chain of custody certification programmes developed by RJC.

The MOU reflects the willingness of both organisations to collaborate on efforts to entrench a solid understanding and commitment from the jewellery industry, to improve its performance in the crucial areas of human rights, social and environmental performance and ethical business practices.

US Maintains Bans on Myanmar jade and rubies importing

The Obama administration maintained the ban on imports of Myanmar jade and rubies, according to the official announcement on August 7, manifesting their aims to push the political and economic reforms in the Southeast Asian nation.

"The administration is maintaining restrictions on specific activities and actors that contribute to human rights abuses or undermine Burma's democratic reform process," deputy national security adviser Ben Rhodes said in a statement. It is “due to continuing concerns, including with respect to labour and human rights”, Rhodes reiterated.

U.S. Keeps Myanmar Sanctions in Place on Gemstones

Myanmar's Ministry of Mining says new gem mining permits in Mogoke, Mineshu and Nanyar Sate will be issued at a price of $1,167 per gem mining block. Meanwhile, permits for jade mine blocks that expired during January, February and March will be renewed.

Scientists Believe Discovery Shows Viking Sailors Used 'Sunstones' to Navigate

Although it has long been recounted that Viking sailors made use of special "sunstones" to navigate their ships when clouds covered the skies, no evidence has ever been uncovered to suggest that they actually existed. Until now, that is.

Sotheby's Sells Gem-Set Magpie's Treasure Nest Clock in Hong Kong for $2.3 million

A standing clock made by luxury timepiece maker Patek Philippe and set with a huge multitude of gems was sold at a Sotheby's auction in Hong Kong for $2.3 million. Going by the name: the Magpie's Treasure Nest Clock, the clock is 52 centimeters high and weighs more than 15 kilograms.

Precious opals in Australia may shed light on the origin of the surface of Mars

Could gemstones provide evidence of the origin of the geology of the Earth and of Mars? That may be the case, according to work by researchers in the United States and Australia.

EU releases Kimberley Process Certificate numbers of diamond stolen in the Brussels airport robbery

The European Union has released the Kimberley Process certificate numbers for parcels of rough diamonds that were stolen by gunmen from the hold of a Swiss-bound aircraft at Brussels International Airport on February 18.

The EU and the World Diamond Council are urging members of the trade who may be offered diamonds carrying these associated KP certificate numbers to immediately contact the authorities in their countries, and report the possibility of stolen merchandise being located in their jurisdiction.

The following Kimberley Process certificate numbers are associated with parcels of rough diamonds stolen in the heist:

KIMBERLEY PROCESS CERTIFICATE NUMBERS

EU00503581

EU00503640

EU00503673

EU00503589

EU00503644

EU00503674

EU00503613

EU00503649

EU00503676

EU00503619

EU00503650

EU00503678

EU00503620

EU00503654

EU00503683

EU00503623

EU00503657

EU00503684

EU00503626

EU00503669

EU00503685

EU00503634

EU00503670

EU00503687

EU00503637

EU00503671

EU00503673

Color earrings and rings shine at Grammys

New York--Unique rings, diamond-studded drop earrings and bright colors were the major jewelry trends spotted on the red carpet at the 55th Annual Grammy Awards, held Sunday night in Las Vegas. read more...

CIBJO Annual congress to meet in Tel Aviv, May 2013

CIBJO, the World Jewellery Confederation, will hold its 2013 annual congress in Tel Aviv, Israel, May 7-9, 2012, with pre-congress meetings beginning on May 5. The congress will be hosted by the Israel Diamond Institute and will take place at the Dan Panorama Hotel.

 "Israel is known primarily as one of the world's largest diamond and gemstone centres, but it also is an important jewellery manufacturer in its own right, and a hothouse for the development of much of the most sophisticated technology used in our industry today. The congress will provide our members with a fascinating insight into this exciting country." said Gaetano Cavalieri, President of CIBJO.

Serving as the official venue for meetings of the CIBJO Assembly of Delegates, the 2013 CIBJO Congress will gather in Tel Aviv the members of national jewellery and gemstone associations from more than 40 countries and representatives of many of the industry's most important commercial bodies. The congress also serves as a forum for CIBJO's professional commissions, and is the venue at which its Diamond, Coloured Stones, Pearl, Precious Metals and Gemmological Blue Books are discussed and updated.

"They will be visiting a country that, as a leading diamond trading and manufacturing centre, plays an absolutely fundamental role in the life of the diamond and jewellery industries, reporting last year a net turnover of rough and polished diamonds worth close to $17 billion. " said Moti Ganz, Chairman of the Israel Diamond Institute.

As was the case in 2012, the 2013 CIBJO Congress will be preceded by the Annual Meeting of the World Diamond Council.

India may levy 10 per cent duty on gold jewellery imports from Thailand

India has told Thailand that it will impose six-10 per cent duty on gold jewellery imports in the proposed free trade agreement (FTA), according commerce ministry sources. The move is aimed at curbing a spurt in gold jewellery imports in recent times, which may rise further as the government raises Customs duty on gold imports. read more...

Milenyum Mining no longer promotes “Zultanite TM” for its Turkish Diaspore

MILENYUM MINING LTD (MML) the world's only supplier of the Turkish gemstone, colour change diaspore, announces the termination of its relationship and support of the ZULTANITE TRADEMARK.

Mr. Murat Akgun, President of MML and the person who dedicated decades of his life to bringing the spectacular Turkish diaspore to its so well deserved worldwide fame and acclamation as 'Zultanite', decided that the promotion of this rare and unique gem will be better served under its genuine mineralogical name, rather than constriction by the bounds of a trademark. Mr. Akgun feels that branding will never actually permit to entirely set free the whole beauty and magic of this national treasure.

Turkish diaspore is mined directly from its host rock at the world’s only known gem quality diaspore deposit, high in Turkey’s Anatolian Mountains and is internationally acclaimed by connoisseurs.

International Pearl design competition announces winners

Providence, RI –November 1, 2012
Francis Mastoloni, President of the Cultured Pearl Association of America, Inc. proudly announces the winners of CPAA’S 2012-2013 International Design competition. “We are very happy with the success of this year’s competition, entries from 13 countries we received” Mr. Mastoloni reported.

This 2012-2013 edition of the IPDC was truly International in scope.
Entries from thirteen countries were received. read more...

Gaetano Cavalieri hands out awards to Gem-A graduates, praises efforts of British industry to create ethical supply chain

LONDON: NOVEMBER 6, 2012 - Gaetano Cavalieri, the president of CIBJO, was the guest of honour yesterday evening at the 2012 Graduation Ceremony of Gem-A, the Gemmological Association of Great Britain, where he presented diplomas and awards to this year's graduates. The ceremony was held at the Goldsmiths' Hall in London, during the Gem-A Conference that is taking place in the city.

Speaking to the graduates, Dr. Cavalieri stressed the responsibility that they now have in defending the integrity of the jewellery sector and in enhancing consumer confidence.

"In the modern jewellery industry, where a single item is likely to include materials and input from a variety of countries, global standards must apply," Dr. Cavalieri stated. "National laws and regulations must be honoured and enforced, but in the end the ultimate judge and jury is the consumer, and today we have to consider the needs of consumers at home and abroad."

Christie’s Geneva Jewels set for Nov. 13

Geneva--Christie’s Geneva will hold a sale of Magnificent Jewels here on Nov. 13 and will offer 350 lots, including colorless and colored diamonds, Burmese rubies, Colombian emeralds, Kashmir sapphires, natural pearls and signed jewels. The auction is expected to realize approx. $53.6 million. read more...

This fancy pink diamond ring is expected to fetch $5 million at Christie’s sale of Magnificent Jewels in Geneva Nov. 13.

Israel Diamond trade shows signs of recovery in Q3

Israel’s third quarter diamond trade figures point to signs of recovery, according to Ministry of Industry, Trade and Labor Diamond Controller Shmuel Mordechai,

Israel’s net polished diamond exports were $4.34 billion for the first three quarters of the year, compared to $5.83 billion for the same period last year, a decline of 25.6%.

“Judging by the last two important trade shows, in Mumbai and Hong Kong, we are definitely seeing an upward movement in the diamond trade. Though we still have some way to go before we reach last year’s figures, which were Israel’s best ever, I am confident that the positive trend will continue through the rest of the year,” said Moti Ganz, Chairman of the Israel Diamond Institute Group of Companies (IDI)

Net rough diamond exports totaled $2.07 billion for the first nine months of 2012, compared to $2.98 billion, a 30.6% decrease. Net imports of rough diamonds were $2.65 billion, compared to $3.514 billion for the same period last year, a 24.7 % drop.

Net polished imports stood at $3.08 billion, 26.1 % less than in the first three quarters of 2011, when they totaled $4.17 billon.

IDI Re-elected Moti Ganz as Chairman

IDI made the announcement on Oct. 4 that Moti Ganz was re-elected as Chairman of the Israel Diamond Institute Group of Companies (IDI) by its Board of Directors.

“I am grateful to the Board of Directors for this vote of confidence, and promise to continue to act for the advancement of the Israeli Diamond Industry.” said Ganz.

Ganz also serves as President of the International Diamond Manufacturers Association (IDMA) and Honorary President of Israel Diamond Manufacturers Association (IsDMA).

The first IU Awards ends with the grand presentation ceremony in Hong Kong

Hong Kong, October 4, 2012 – The IU Awards presentation ceremony was held at Hong Kong Convention and Exhibition Hall on September 21. Around 200 people gathered at the grand foyer to celebrate and appreciate the winning pieces.

IU Awards is the first international gem-cutting and jewelry design competition dedicated to promoting colored gemstones. “IU” stands for the initials of International Colored Gemstone Association (ICA) and UBM Asia. There are two categories in the IU Awards competition: jewellery design and gem-cutting.

This year, IU Awards received 221 entries from 25 countries and regions around the world. The final judging of the IU Awards was held on June 22 when eight awardees were selected.

AIGJMF Holds Fundraiser for Women Miners

A Total of USD 75,000 was collected at a fundraising event held at the end of the just concluded first Arusha International Gem, Jewelry and Minerals Fair (AIGJMF). The amount will be used to empower Tanzanian women to engage more in cutting, polishing and designing minerals extracted within the country. To start 15 Tanzanian women will benefit from the training programme, which will be tailored to enable them to become experts and trainers of other women wishing to join the gemstone polishing industry. read more...

Dubai airport traffic climbs by 15.4 percent

Dubai International Airport, the world’s fourth busiest hub for international passengers and freight, has continued its double-digit traffic growth for the third consecutive month according to Dubai Airports. Passenger traffic in March 2012 reached 4,848,320, an increase of 15.4 percent compared to 4,201,708 during the corresponding month in 2011. March is the third consecutive month for Dubai International with passenger numbers exceeding the 4.5 million mark, propelling traffic in the first quarter to 14,261,606, a surge of 16.1 per cent over the same period last year. read more...

GIA launches G&G iPad app

Carlsbad, Calif.--The Gemological Institute of America announced this week that its peer-reviewed publication Gems & Gemology (G&G) is now available on the iPad. The iPad G&G application is a complement to the print version of the quarterly research journal and contains enhanced digital content, including app-exclusive gem-related videos and interviews with industry experts. The spring 2012 issue of G&G is the first that will be available in iPad app form. It features articles and digital content on a recently discovered emerald deposit in northern Brazil and a review of the properties and durability of coated, colorless cubic zirconia. In addition, there is coverage of the Tucson gem shows and the results of the Edward J. Gübelin Most Valuable Article awards. read more...

It is available for free on iTunes.

AGS Conclave: Supporting artisanal gem miners

Miami--ICA member and former ICA vice president, Edward Boehm, G.G., C.G., presented “From Mine to Market” at AGS Conclave, sharing with the audience his experience and knowledge of ruby and spinel mines in Myanmar, Tanzania and other overseas gem-producing countries. There are 47 primary colored gemstone producing countries in the world, Boehm said, with 80 percent of all colored gemstones coming from artisanal small-scale mining operations. Ninety percent of these operations are located in developing and emerging countries, coming with unique problems and providing opportunities for industry assistance--safer working conditions, sustainability and others. “A lot of these opportunities will be coming up soon,” Boehm said. “The best way to help is indirect means--education, water, teaching environmental sustainability.”

India's Trade in Gemstones and Gold Jewelry Shows Increase

Mumbai - The Gem and Jewellery Export Promotion Council (GJEPC) announced the trade and industry performance for the financial year 2011-2012 today. The Indian gem and jewelry industry has witnessed a marginal decline of 0.36% in FY 2011-­2012 owing to the decrease in trading exports of diamonds. Colored gemstone exports witnessed an increase of 9.10% in dollar terms with sector recording growth from US$ 314.20 million in 2010-2011 to US$ 342.80 million in 2011-2012, while the sector was primarily driven by gold jewelry which registered an increase of 30% in FY '12. read more...

True North Gems Launches Greenlandic and Danish Websites

True North Gems Greenland Ruby Crystals

Vancouver, British Columbia - True North Gems Inc. (the "Company") (TSX-V: TGX) has announced the launch of their new Greenlandic website: www.truenorthgems.gl, as well as the introduction of a Danish website, www.truenorthgems.com/dk. These new websites will be updated regularly with the latest news related to the Aappaluttoq permitting process in both Greenlandic and Danish, purposefully building a valuable information resource center for the public as the Company moves forward into the final stages of permitting. read more...

2012 SMART Show in Chicago a Success

(CHICAGO, IL) The fourth annual SMART Jewelry Show ended yesterday after seeing strong buying and highest-ever attendance. "The vibe on the floor was exceptionally positive, and buyers were serious about doing business," said Jim Reed, show director. read more...

Myanmar awaits EU sanction easing

Ruby mining in Burma's Mogok Stone Track © Richard W. Hughes

NAYPYITAW, Myanmar - Myanmar's reformist rulers are looking forward to an easing of European Union sanctions on Monday but celebrations will be muted over a political stalemate delaying Aung San Suu Kyi's historic parliamentary debut. The European Union is all but certain to become the first among Western powers to suspend in earnest sanctions that isolated Myanmar for two decades. The expected EU decision on sanctions would be a boon for Myanmar's tattered and long-stagnant economy and could prompt the United States and Canada to follow suit and pave the way for development loans and a flood of foreign investment in its trove of natural resources like oil, gas, timber and gemstones. read more..

British PM Calls For Suspending Myanmar Sanctions

YANGON, Myanmar — British Prime Minister David Cameron said Friday that he would support suspending the European Union's economic sanctions on Myanmar, which are to be reviewed by the end of the month. Cameron spoke after meetings with the country's reform-minded president, Thein Sein, and opposition leader Aung San Suu Kyi, a longtime political prisoner who was recently elected to parliament in Myanmar, a former British colony. read more...

ICA Opens Membership to Jewelry Retailers

Dear Industry Colleagues,
 
The International Colored Gemstone Association (ICA) announced changes to its membership categories by opening up associate member status to jewelry retailers.
 
ICA, which was founded in 1984, has nearly 700 members from 48 countries comprised of miners, cutters, and wholesalers of colored gemstones. In addition to the newly added retailer status, ICA associate members include jewelry manufacturers, gemological laboratories, representatives of industry organizations and government agencies, members of the media, and other supporting industry services. 
 
Jewelry retailers will now be able to take advantage of the many ICA networking and sourcing opportunities, exposure to the world market, having access to the wholesale pricing structure, an increased availability of gemstones, education, and easy access to international trends and business opportunities.
 
One of ICA's primary functions is advocacy-the organization serves as a voice for the colored gemstone industry raising awareness and appreciation of gemstones through a popular consumer-friendly website, InColor magazine, and industry conferences and events.
 
By including jewelry retailers in the ICA worldwide network, ICA succeeds in its mission to be an integral part of the pipeline from mine to market.
 
For more information contact:
 
Barbara Wheat
Executive Director
 
International Colored Gemstone Association (ICA)
36 W. 44th Street, Suite 914
New York, NY 10036
Tel: 1-212-620-0900
Fax: 1-212-352-9054
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
www.gemstone.org

GIA Helps African Youth Discover the Science of Gems

Thirty-five students from Johannesburg, South Africa, and Gaborone, Botswana, eager to get their first glimpse of gemology – from rough crystals to finished jewelry pieces – recently learned the basics of gemology, mineralogy and geology. Two GIA Junior Gemologist Program™ workshops, sponsored by GIA (Gemological Institute of America), were held in Johannesburg. The students, from the ages of 10 to 15, received hands-on, practical training with loupes and other specialized gemological equipment as they learned to identify and assess gems such as quartz, fluorite, corundum and calcite. This was the first time that GIA offered the program in either country.

AGS Laboratories Forms Partnership with Worldmart*E

Guangzhou, China. The American Gem Society Laboratories, LLC (AGS Labs) officially launched a strategic partnership with Worldmart*E at a signing ceremony at the Worldmart*E facilities in Panyu. Through this partnership, the AGS Labs brand name and AGS diamond grading standards will be promoted among Worldmart*E members. Local China markets will be able to learn more about the AGS, as well as access international diamond market information to enhance their sourcing and trading of diamonds at the online Worldmart*E platform. read more...

Contentious excise duty on jewelry may stay

Jewelers across India protested the country's Ministry of Finance over the new excise duty with a 21-day strike. The tussle between jewelers and the MoF is likely to intensify in the first week of May although assurance was given by finance minister Pranab Mukherjee to the industry early this month. Rajiv Jain, chairman of the Gems & Jewellery Export Promotion Council, is optimistic about the minister's assurance. He said, "The finance minister himself promised in a recent meeting with 22 industry organizations that he would look into the matter through the proper process." read more...

100 Women Who Matter - Entrepreneurs Roundtable

March 30 & April 6‚ 2012‚ issue

Newsweek Pakistan’s Benazir Shah and Bisma Ahmad got down to business with five leading women entrepreneurs in Lahore recently to talk about the hard slog. ICA member, and former ICA Ambassador to Pakistan, Ambarine Bukharey was interviewed for the article: "I started gemstone exports in 1989 and never thought this would become a serious business. I was the first woman in this line, and I think so far the only one who’s also mining. When I first went out in the markets in Peshawar to buy gemstones, all these men would just stop and stare and laugh at me. They were highly skeptical. But now we’re one big happy family. Now I can sit with five or six Pathans in the middle of the night examining stones. I feel safe now, because they look after you like family."

Afghans Seek Mining Know-how

AFGHANISTAN is looking to the Australian mining industry for instruction and investment as the war-torn nation stakes its stability and economic future on the success of its nascent natural resources sector.

An Afghan Ministry of Mines delegation will tour Australia in coming weeks on an industry roadshow to convince Australian mining companies that the opportunities for mineral exploitation outweigh the security risks.

The government is also seeking Australian expertise in the creation of an Afghan school of mines. Mines Minister Wahidullah Shahrani said, "Australia is a model for us." read more...

U.S. Unlikely to Ease Restrictions on Myanmar's Gems

A trader looks at jade stones at the Mid-Year Emporium for gems in December at an emporium hall in Naypyitaw.

The Wall Street Journal - Southeast Asia

Secretary of State Hillary Clinton said Wednesday that the U.S. will start easing some of its most rigorous economic restrictions on Myanmar following the country’s April 1 by-elections, which came amid continuing political reforms in the country. Does this mean Americans will soon be able to start legally buying Myanmar’s world-renowned gems, which are currently blocked by law in the U.S.? It seems unlikely, at least in the short term. Despite those restrictions, gems have remained an enormous business for Myanmar, since it continues to sell them to buyers in China and elsewhere. It is estimated that the country, formerly known as Burma, produces some 90% of the global ruby supply by value, for example.

CIBJO Coloured Stone Commission Releases Special Report

Nilam Alawdeen (Japan), president of the CIBJO Coloured Stone Commission (CSC), today released the CSC's annual Special Report, providing an overview of the issues that dominated the discussions and exchanges  between the members of the CSC  Steering Committee throughout the year and of the major topics that are slated for the various meetings that are planned at the upcoming 2012 CIBJO Congress that will take place in upcoming May in Vicenza, Italy.


Register for the CIBJO Congress: http://congress2012.cibjo.org/

Gail Brett Levine Receives the GIA Alumni International Leadership Award

The GIA (Gemological Institute of America) at the annual GIA Alumni Association dinner, auction and dance party held in Tucson, Ariz. on Feb. 3rd, recognized ICA member Gail Brett Levine, GG, as the recipient of the 2012 International Leadership Award.

The GIA Global Alumni Awards recognize members who exhibit leadership, demonstrate service to the gem and jewelry industry, and actively support the association’s growth through continuing education and innovative programs.

Levine, an independent personal property appraiser, has been in the jewelry trade for 40 years and an officer in the Manhattan Chapter since the inception of the GIA Alumni Association in 1982. “I am proud that the Manhattan Chapter is one of the gemstones in the GIA ‘Tiara of Chapters,’” she said. “I want to express my gratitude to my fellow officers and everyone I’ve worked with to make it a success.”

IDEX Online Research: Global Economic Signs Continue to Improve

Global economic leading indicators continue to point to a positive change in momentum, according to the latest data from the Organization for Economic Cooperation and Development (OECD), the Paris-based think tank. The OECD’s leading indicators are designed to anticipate turning points in economic activity.

Read more on the OECD's economic forecast: http://www.idexonline.com/portal_FullNews.asp?id=36540

NSDC forms sector skill council for India gems & jewellery sector

SURAT: With a view to overcome the shortage of skilled manpower in the Indian gems and jewellery industry, especially the diamond and jewellery manufacturing sector in Surat, the National Skill Development Corporation (NSDC) has created a sector skill council (SSC) for the gems and jewellery sector recently. NSDC, co-promoted by the Union finance ministry with the mandate of involving the private sector in training 500 million people by 2022, has identified 21 sectors for which 150 million people will be trained by 2022 and gems and jewellery is one of the focused segments. Industry sources said that the NSDC has approved 11 board of directors in the SSC for gems and jewellery sector including five members from the Gems and Jewellery Export Promotion Council (GJEPC). read more...

Avakian necklace auctioned for charity

The Saby Charity Foundation, based in Almaty, Kazakhstan, partnered with Christie’s and Avakian for an auction at the New York Public Library. For the auction, Avakian created and donated a necklace inspired by old Kazakhstani jewelry, set with sapphires, diamonds and blue topaz. Called “The Amulet,” the piece sold for $250,000, the highest bid among five other lots. Funds raised by the auction benefit the Alem Program, a sector of the Saby Charity Foundation that assists orphans, children with serious health concerns, the disabled and artistically talented youth with socially vulnerable families in Kazakhstan. read more...

Naomi Sarna Travels to Tanzania, Hand Picks Her Next Masterpiece

Naomi Sarna, one of the world’s finest gemstone carvers and jewelry designers, is in Tanzania selecting a piece of tanzanite rough suitable to create another one of her masterpieces.  Ms Sarna, who recently won First Place, Platinum Honors and Buyer’s Choice in the 2012 AGTA Spectrum Awards, intends to be inspired by her journey to Tanzanite’s only source, in the foothills of majestic Mount Kilimanjaro.  As a guest of TanzaniteOne, and the Tanzanite Foundation, Naomi will also perform  a workshop in the surrounding local community, teaching a class of Masai ladies the technique of Wire Wrapping Jewelry making.

For further details and images please contact Hayley Henning -   This e-mail address is being protected from spambots. You need JavaScript enabled to view it

AIGS: Thailand should aim upmarket

Thai jewellery producers and exporters should shift their focus to more high-value and design products and aggressively penetrate the Chinese luxury market due to huge demand and rising purchasing power. Thai jewellery can no longer compete with Chinese products in the mass export markets now due to China's cheaper labour. "All the labour costs are so much cheaper in China, from polishing and cutting stones to setting gems," said Kennedy Ho, chief executive of the Asian Institute of Gemological Sciences (AIGS). read more...

Higher demand, better quality lift Gemfields results

Increased per-carat prices achieved at auction for emeralds from Gemfields helped the Aim-listed company increase revenue from rough and finished sales by 57%, to $45.7-million, the firm said on Monday. The gem producer attributed the revenue increase, and resultant 42% increase in profit after tax for the six months ended on December 31, at $22.0-million, to robust demand for “consistently and ethically supplied coloured gemstones across all major markets”. We are excited about the future, given the anticipated increase in production from the Kagem emerald mine, a direct result of our commitment to waste mining over the past half year," CEO Ian Harebottle said in a statement.

AGTA revises gem enhancement brochure

The American Gem Trade Association (AGTA) has just updated its gemstone enhancement brochure, a 20-page booklet that provides comprehensive information on 16 different gemstones. Gemstones and Enhancements - What You Should Know includes information on amethyst, aquamarine, cultured pearls, citrine, diamond, emerald, garnet, onyx, opal, peridot, sapphire, tanzanite, topaz, tourmaline and turquoise. The language used in the brochure is consistent with Federal Trade Commission guidelines and helps meet rules for proper disclosure of treated gemstones.

Call Charles Murrell at (800) 972-1162 or email This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

GIA GemFest Basel is March 11

GIA (Gemological Institute of America) will host GemFest Basel on Sunday, March 11 at the Basel Convention Center in Switzerland. This year’s panel discussion, “Insight on Gems: A Beacon for 2012,” will be presented by GIA senior experts John King, Kenneth Scarratt and Shane McClure. Discussions will focus on diamonds, pearls and colored stones. read more...

IDEX Online Research: Global Economic Growth Momentum Turns Positive

Composite Leading Economic Indicators (CLI) in February points to a positive change in momentum for major geopolitical entities, according to the OECD. Previously, there has been little overall change in the Composite Leading Indicators, most of which were in negative territory. The CLI's positive momentum is being driven primarily by the United States and Japan, with similar signs emerging in a number of other developed economies. The CLI’s for India and Russia are also showing signs of an upward change in growth momentum. read more...

Argyle Pink Jubilee to be cut and polished

The biggest pink diamond ever found by mining giant Rio Tinto is being cut and polished in a painstaking 10-day process. The 12.76 carat gem to be known as the Argyle Pink Jubilee was found at Rio Tinto's Argyle mine in the remote east Kimberley region of Western Australia, which produces more than 90 per cent of the world's supply of pink diamonds. read more...

HK Jewellery Show Closes with Record Number of Buyers

The 29th edition of the HKTDC Hong Kong International Jewellery Show came to a successful close after drawing a record-breaking 38,000 buyers, up three per cent over the previous year. Buyers from the BRICS countries (Brazil, Russia, India, the Chinese mainland and South Africa) were up eight per cent. “Rapid economic development in the emerging markets, especially the Chinese mainland, has resulted in an expanding middle-class, which in turn is creating huge product demand. The HKTDC will continue to step up publicity in these emerging markets to help Hong Kong SMEs capitalize on the opportunities,” an HKTDC executive stated.

Michael O'Connor Hosts Jewelry Style Event for Show Nominees and Presenters

This week, leading style expert Michael O'Connor will host StyleLab's styling event for Academy Award nominees, presenters and stylists at a private venue in Los Angeles. O'Connor has curated a selection of one-of-a-kind jewelry pieces from world-renowned designers for celebrities to borrow for the red carpet. From richly colored gemstone earrings to rare diamond cuff bracelets and award winning necklaces, O'Connor will accessorize Hollywood's leading stars with the most exquisite, highest quality jewelry. Bright and vibrant colored gemstones in pink, blue, orange and green, will make a resurgence

Van Cleef & Arpels school of Jewellery opens to public

For Van Cleef & Arpels, an ardent defender of the artistic crafts, passing on, sharing and teaching knowledge is a duty. This is why the Maison has decided to create a school of Jewellery, open to all. It offers a unique method of discovering and learning for those who are passionate about jewellery, lovers of beauty or simply curious and anyone who wishes to acquire “inside” knowledge of this fascinating world. read more...

Registration Opens for CJBJO Congress 2012

The north-eastern Italian city of Vicenza will welcome delegates from around the world to the 2012 CIBJO Congress, which will take place May 17-20. The venue for the event is the Fiera di Vicenza, home to several of Italy’s most prestigious jewellery trade shows. CIBJO Congress serves as the official gathering place for the World Jewellery Confederation’s Assembly of Delegates, and also the venue for the annual meetings CIBJO’s sector commissions, where amendments are introduced to the organization’s definitive directories of international industry standards for diamonds, coloured stones, pearls, gem labs and precious metals, known as the Blue Books.

 http://congress2012.cibjo.org/

Tanzania: Govt Rejects IMF Plan On Minerals Royalties

Dar es Salaam — The government has rejected a proposal by the International Monetary Fund (IMF) to introduce a new system to calculate mining royalties because doing so would adversely affect tax collections. Had the government agreed to introduce the single royalty payment, the amount of tax the government collects from the mining firms would have dropped significantly. read more...

New Anti-Money Laundering Rules For Retail Providers Of "Prepaid Access"

INCLUDES GIFT CARDS, CARDS ISSUED AS CREDIT FOR RETURNED PURCHASES, ETC. 

Compliance for Sellers of Pre-Paid Access Products
     Required By March 31, 2012 

New York, New York, February 9, 2012 - The federal government (FinCEN) has announced new rules that require sellers of “pre-paid access” products such as gift cards, or any other mechanism that provides access to transferable funds paid in advance, including such cards issued by a seller to provide credit for returns, to comply with anti-money laundering (AML) rules pertaining to this activity.  Increased use of pre-paid access products presents additional risks for money laundering and terrorist financing, according to FinCEN, the agency that issued the rules. These rules go into effect on March 31, 2012.

Conservation Gemstones: Beyond Fair Trade?

Blood ruby or conservation ruby? A Niassa ranger presents a small ruby still attached to its matrix, collected on the ground from the left overs at the illegal ruby mining site near M’swize village in the Niassa National Reserve, November 2009. Photo: V. Pardieu / GIA Laboratory Bangkok

During the course of my research on the extractive industries, I have found colored gemstone mining to be the most elusive in terms of regulation but also with great potential for development in remote areas. Two eminent field gemologists whom I have worked with over the years share some thoughts on how ecological conservation might be linked to gemstone consumption. Although their critique of “fair trade” and certification might be challenged, their case for “conservation gemstones” is definitely worth pursuing in its own right. Featured guest post by Laurent E. Cartier and Vincent Pardieu: read more...

Howard Rubin, Inventor of GemDialogue, Passes Away

Howard Rubin passed away on January 17th at the age of 86.  His sixty four years of gem trade experience touched every facet of the jewelry industry.

After serving in World War II as an infantry soldier, he took advantage of the G.I. Bill to hone his skills as a diamond and colored stone setter. He studied gemology in the 1950s: first to become a better artisan by learning the properties of the stones he worked with, and then, in 1982 to enhance his knowledge of the science of color so he could develop a system that would allow jewelers to “talk” to each other. This became GemDialogue, that teaches a system for description and color notation of gemstones and fancy color diamonds – having made a permanent impact on the jewelry industry.   GemDialogue will remain active and continues to support the industry.

Verichannel Launches Consumer Search Engine for Jewelry

Dillon, CO, USA. January 11, 2012 -- Verichannel, LLC, a trade-restricted search engine for the jewelry industry, has launched in beta mode a consumer version to help retailers and brands break free from what it calls the "Google log-jam." Marketed under the URL Gemfling.com, the site brings together some of the most successful models on the Web, including Kayak™-style vendor comparisons, rewards-based viral techniques popularized by Microsoft's Bing™ and Groupon,™ and back-end technology powered by Google™ itself.  

Tanzanian Govt to upgrade gemstone centre

The Ministry of Energy and Minerals has launched initiatives aimed at upgrading the Arusha Gemstone Carving Centre (AGCC) into an internationally accredited gemological institute. The Ministry has already announced the tender for interested consultants to carry out the job, adding that work is expected to start later this year after identifying the winner of the tender who will design and supervise refurbishment of the centre. A statement from the Ministry issued yesterday in Dar es Salaam said the government has already received funds from the International Development Association (IDA) towards the cost of sustainable management of mineral resources project under the Ministry. read more...

Golden Globe Awards Jewelry Trend Predictions From Style Expert Michael O'Connor

This week, leading style expert Michael O'Connor will host StyleLab's jewelry style event for Golden Globe nominees, presenters and their stylists at a private venue in Los Angeles. O'Connor has chosen and edited a selection of one-of-a-kind jewelry pieces from world-renowned designers for celebrities to borrow for the red carpet. From rare colored gemstone rings to diamond drop earrings and amazing bracelets, O'Connor will accessorize Hollywood's leading stars with the most exquisite, highest quality jewelry. O'Connor sees an overall fascination with the 50's/60's this year. As the 2012 award show season officially kicks off, O'Connor's top prediction is for "Bold Colored Gems" in bright and vibrant colored gemstones. read more...

$700M gem plan coming

The Zambian government says it will soon develop a strategic plan aimed at revamping the gemstone sector which, if properly managed, can contribute about US$700 million to the treasury.
Government has also said it is in the process of lifting the ban on the recently suspended issuance of new mining and non-mining rights. Minister of Mines Wilbur Simuusa said he is expected to meet with the Federation of Small-Scale Mining Association of Zambia (FSSMAZ) and other stakeholders on the process to revive the gemstone industry. “The gemstone sector is a sleeping giant which needs to be revamped and this will be done through the developing of a strategic plan with the support from FSSMAZ and other stakeholders,” he said. read more...

Laboratory Manual Harmonisation Committee issues four new information sheets (20-12-11)

LMHC finalizes four new information sheets, 
reports good progress on harmonisation of gemstone report wording
 
Basel, Switzerland -- December 20, 2011:  Members of the Laboratory Manual Harmonisation Committee (LMHC) gathered for the organization's 25th meeting in Basel, Switzerland, to discuss the most recent developments in gemmology, to update the relevant nomenclature and disclosure terminology in the LMHC's existing Information Sheets and to finalize four new Information Sheets.

Historic Elizabeth Taylor Auction by the Numbers

The landmark auctions of The Collection of Elizabeth Taylor at Christie’s New York from December 3-17 realized a combined total of more than $156.75 million with every single item sold. The sale drew unprecedented interest from bidders throughout the world, who gathered in Christie’s flagship Rockefeller Center saleroom to compete in person, on the phone, online and by absentee bid to win one of the Collection’s 1,778 lots of jewelry, fashion, decorative arts and film memorabilia. The total far exceeded Christie’s pre-sale expectations for the sale as a whole and for individual items, which were frequently hammered down for five, ten, or even 50 times their estimate in some cases. read more...

"La Peregrina" Makes History at Christie's

New York — Christie's

The extraordinary beauty, rarity and provenance of the pearl known as “La Peregrina” inspired a fierce bidding battle at Christie’s New York at the opening auction of The Collection of Elizabeth Taylor. Estimated at $2-3 million, the pearl reached a world auction record price for a pearl at $11,842,500 (£ 7,579,200 / € 9,118,725) after four and a half minutes of bidding. The pearl, an historic 16th century pear-shaped pearl suspended from a necklace custom designed for Ms. Taylor by Cartier, has been widely heralded as one of Elizabeth Taylor’s most iconic jewels.

Fabergé Opens Boutique in London

The Fabergé brand continues its return to the world of luxury jewelry under its new owners by opening a store in London. In addition, the company said its watches and jewelry are now  available in London’s Harrod’s and it will soon open a store in New York.  read more...

Zambian Gemstone Company Showcases Products in U.S

Recently, Gemstone Marketing and Consultancy Limited (GMC), a Zambian family-owned company, charmed American gemstone and jewelry buyers at an exhibition held at the Zambia Embassy in Washington DC on the 3rd December, 2011. The Embassy hosted the show as part of its trade promotional activities as well as the enhancement of commercial activities between Zambia and the USA. In welcoming over 75 invited guests, Charge D'affaires at the Embassy, Mr Alfred Chioza alluded to the fact that the show signified the ongoing efforts aimed at building trade between the USA and Zambia in the spirit of the African Growth and Opportunity Act (AGOA). read more...

SSEF revamps lab reports, launches mobile website and Chinese mirror site

Swiss Gemmological Institute does make-over on laboratory reports,
launches mobile website and Chinese-language mirror site

Basel, Switzerland -- November 23, 2011: The Swiss Gemmological Institute (SSEF) has announced a make-over to change the look and design of its Diamond Grading Reports, Gemstone Reports and Test Reports. SSEF Director Dr. Michael S. Krzemnicki said that the new design and layout made the reports easier to read.

"The SSEF laboratory reports command a high level of trust in the international diamond, gem and jewellery trade," Krzemnicki noted. "Of course, the prominent position of the SSEF logo on the reports symbolizes and highlights the Swiss quality of our services and reflects our enduring integrity and professionalism in gem testing," he added.

Tiffany's Diamonds & Gold Get Greenish Sparkle With Stance Against Pebble Mine

Most businesses hungrily pursue new sources of vital raw materials. Tiffany & Co., by contrast, has begun to forge a different path. In the last several years, the company has taken an increasingly public and vocal stand against an enormous gold mine that has been proposed at the headwaters of Bristol Bay, Alaska. Pebble Mine, as the project is known, is estimated to hold more than $300 billion worth of gold ore and other precious metals. read more...

Amazing Ad Campaign for Jewelry Retailer

An international jeweler has created a marketing campaign allowing consumers to interact with the print ad by changing the model’s jewelry. In an attempt promote its latest jewelry collection, French jeweler Murat Paris employed design firm Agency V to create an iPhone app that uses augmented reality to browse its collection of bracelets and rings.

RJC Statement on the RJC Chain of Custody Standard

RJC Chairman, Dr Matt Runci, and CEO Michael Rae released a statement to dispel any misapprehensions or misunderstandings that may have arisen in the minds of the RJC’s Members or its stakeholders following some media speculation as to why and to what purpose the RJC was undertaking this further consultation.

Read the satement here...

New York Jeweler Offers Customers the Chance to Make Three Wishes Come True

Gurhan created this 24k gold and rose cut sapphire necklace, totaling 167 carats.

Greenwich Jewelers launched a special holiday program intended to make three wishes come true for jewelry lovers and their favorite charities. The New York-based jeweler is offering three inspired statement pieces of jewelry for the holiday season. A portion of the sale price for each piece will go to the qualifying charity of the buyer’s choice. read more...

Mumbai Jewellery & Gems Fair (MJGF) to debut in December

The Mumbai Jewellery & Gems Fair (MJGF), the debut edition of this B2B trade event for the gem and jewellery industry, is slated for December 9th to 11th, 2011. Its organizers UBM India have positioned the Mumbai fair during the prime buying season in India, which begins October and extends until January 2012. This season is a prime buying time for the next entire year. read more...

Minerals from Tanzania to have certificates of origin

The government plans to apply the ‘Certificate of Origin’ system in a move to control Tanzanite and other mineral exports. Deputy Minister for Energy and Minerals, Adam Malima said this in the National Assembly yesterday when responding to Same East legislator, Anne Kilango Malecela (CCM) who advised the government to promote Tanzanite as the country’s symbol and permit small miners to operate at the Mererani mine area in Arusha. read more...

Chow Tai Fook Set to Issue IPO that Could Raise $3 Billion

Hong Kong jewelry retailer Chow Tai Fook is looking to raise nearly $3 billion in an initial public offering that would be one of the largest in Hong Kong this year, according to published reports. The company will offer 1.05 billion shares at HK$15 to HK$21 each, putting the total deal size at up to HK$22.05 billion ($2.83 billion), Reuters reports. In another report by The Standard in Hong Kong, the IPO could raise HK$23.34 ($2.99 billion). The IPO would value the company at about $27 billion. read more...

Kate’s Sapphire Gives Boost to Sri Lanka’s Exports

Prince William’s choice of a Ceylon blue-sapphire engagement ring for Middleton, publicized ahead of their April royal U.K. wedding, became the centerpiece of a Sri Lankan marketing campaign that saw gem exports jump 37 percent in the year through October. The National Gem and Jewellery Authority says the value totals $77 million so far this year, boosted by Middle East demand for blue sapphires. read more...

Gemstone Experts Visit Tanzania

Eighteen members of the Gemmological Association of Australia (GAA) travelled to Tanzania to explore some of the country’s gemstone mines, where they not only explored the facilities, but also descended into the mines to work side-by-side with local miners. Members visited the Tanzanite One mine, the world’s largest Tanzanite gemstone mine. The Ruby Zoisite Mine in Longido was next on the itinerary, where members descended 380 metres into the mine and interacted with working miners. 
GAA President, Terry Coldham told Jeweller that the opportunity was a rare one, which provided great insight for the members, particularly from a retail perspective.
read more...

First big gemstone exchange for Zambian women

Lusaka, Zambia - The Association of Zambian Women in Mining (AZWM) has sealed a deal to supply 135kg of emeralds to a Canadian company ‒ the first big gemstone exchange transaction the women’s small-scale mining group has secured from an international firm. In terms of the deal, the miners would be required to supply gemstones every two months. read more...

True North Gems Completes 2011 Yukon Field Program

True North Gems announced the completion of the 2011 fieldwork program at the Company's 100% owned Tsa da Glisza emerald project, its 100% owned Straw base-metal project, its 100% owned Aurora-Batea blue beryl & base metal project, and an update on the 100% owned True Blue REE project, all situated in the Finlayson District of the Yukon Territory, Canada. read more...

Gem-A’s international gemmology conference attracts record numbers

The Gemmological Association of Great Britain held its annual international conference over the first weekend of November, which saw the Association host several events split between the majestic surroundings of the recently refurbished Hotel Russell, Bloomsbury, and Gem-A’s headquarters near Hatton Garden.

Gemstone Bathtub Sells For AED 6.4 Million

The Dubai International Jewellery Week was abuzz with the sale of the world’s first gemstone bathtub. Selling for a staggering AED6.4 million, the Le Grand Queen bathtub is created from what the Caijou Group calls "a rare and precious "Caijou" gemstone that is renowned for its strong healing benefits". read more...

Jewelry Television Partners with GSN

Jewelry Television® (JTV), the only broadcast shopping network focused exclusively on the sale of fine jewelry and gemstones, has announced a partnership with GSN Digital, the interactive division of GSN (Game Show Network), to run sponsored game contests and sweepstakes on http://www.gsn.com, the premier destination for prize-driven games. read more...

World's smallest fossil found preserved in Baltic amber

Scientists at the University of Manchester have discovered what is believed to be the smallest fossil ever found. A 50-million-year-old parasite - hitching a ride on a not-much-bigger spider - was discovered during a scan of Baltic amber. read more...

Pearl industry leadership participates in CIBJO Pearl Commission Meeting to discuss unambiguous, clear nomenclature for natural and cultured pearls

Milan, Italy -- November 9, 2011-- In an extraordinary meeting of the CIBJO Pearl Commission held in Hong Kong last September, a prestigious group of individuals with intimate involvement within the natural and cultured pearl industries, including producers, wholesalers, retailers, auction houses and gemmologists, discussed and shared their views on the use of the term "pearl" in a manner that will help avoid confusion or misrepresentation throughout the supply pipeline of pearls and in particular among consumers.
 
Ken Scarratt, president of the CIBJO Pearl Commission, who had called for the meeting, said that the Commission's goal was "to glean sufficient and valid opinions to allow the CIBJO Pearl Book to stipulate how to use the unqualified word 'pearl' in various scenarios."
"Given the wide and varied use of the term "pearl" within the English language, inevitably discussions within CIBJO have generated differing opinions on its 'proper' usage," Scarratt noted. "Therefore, my colleague [Pearl Commission VP] Shigeru Akamatsu and I felt that the Pearl Commission needed to broaden its consultation circle regarding this particular issue before a valid and lasting resolution could be reached." 

More Jewelry Stores Open for 2011 Holiday Selling Season

(IDEX Online News) – Holiday shoppers will be able to find jewelry more easily this year. There will be about 22,300 specialty jewelers operating stores during the 2011 Holiday Selling Season, up by almost 200 firms from last year, based on the latest data from the Jewelers Board of Trade. That’s an increase of about 1 percent in total firms in operation, year-over-year.

India overtakes U.S. to become third-largest men's luxury jewelry market

India has surpassed the United States to become the third-largest men's luxury jewellery market in the world this year, according to business research firm Euromonitor International. The country is now behind China and the United Kingdom on the list of leading nations in the men's jewellery sphere. read more...

IDCA elects 2012 board of directors

New York, NY--The Indian & Diamond Colorstone Association (IDCA) has a new executive committee following the organization’s recent meeting. Nimish Mehta, president of Atit Diamond Corp., was unanimously elected as president, while Haridas Kotahwala is the new vice president. Prakash Mehta was elected secretary and Mehul Shah joint secretary, while Gopal Agrawal was elected treasurer. read more...

Record Attendance, Strong Buying, and Expanding Markets, Make for One of the Most Successful JIS October Shows Ever!

Miami Beach, Florida USA...Record attendance, solid buying with Jewelers from around the world, and all new upgraded look to the JIS October Miami Beach Show are just a few of the many exciting events that took place last weekend at JIS 69th Show in Miami Beach, Florida USA.
Jewelry Trade Buyers from around the world began lining up nearly an hour before the show doors opened in order to be first in line to buy from 1,200 booths featuring exhibitors showing and delivering merchandise from all major jewelry producing regions in the world including New York, California, Hong Kong, India, Turkey, Brazil and many others!

By the end of the first day, many exhibitors and buyers personally thanked JIS staff for producing such a fantastic event. This was the Jewelry Tradeshow much of the industry had been waiting for all year, in order to make those all important seasonal holiday sales to Jewelry Trade Buyers that typically do not buy at any other major jewelry trade event other than JIS.
Yogesh Madhvani of Simplex Diam Inc.

GJEPC Plans Colored Gemstone Conference in Thailand, China

The Gem & Jewellery Export Promotion Council (GJEPC) plans to take its “International Colored Gemstone Mines to Market Conference” to Thailand and China in the future to drive industry growth, following positive responses from the first such forum held in Jaipur this week.
GJEPC, which held the mines to market event from November 2 to 3 in Jaipur --popularly known as the Pink City of India-- reported an enthusiastic response from participants, including miners, retailers, designers and gemologists from across the world. More than 350 people participated in the conference. read more...

GemeWizard Launching Online Fancy Color Wholesale Pricing System

Gemewizard®, the world leader in the development of color communication systems for the fancy colored diamond, colored gemstone and jewelry industries, has announced the release of the new version of GemePrice™.  Gemewizard® founder Menahem Sevdermish said this release was an important milestone among the Gemewizard® enterprise achievements since the company launched its first Gemewizard® color communication software over 5 years ago. read more...

Extraordinary Jewels at Christie's Geneva on November 16

ONE OF THE LARGEST SELECTION OF BVLGARI JEWELS EVER SEEN AT AUCTION

Four Seasons Hotel des Bergues, Geneva - Wednesday 16 November - 10am & 3pm & 6pm

Geneva - Christie's announces that their next auctions of Magnificent Jewels will take place on Wednesday 16 November in Geneva at the Four Seasons Hotel des Bergues. Showcasing more than 360 extraordinary lots of haute joaillerie the sale includes a wide range of superb jewels, from top-quality colourless diamonds, rare gemstones and natural pearls to signed jewels from the most renowned houses such as Cartier, Boivin, Graff, JAR, Tiffany & Co, Van Cleef & Arpels and Harry Winston.

A special highlight of this upcoming sale is an extraordinary private collection featured in a single catalogue: „Timeless Elegance - Important Jewels from the Collection of a European Family‟. Collated with extreme care and passion over several decades it includes 67 jewels of exceptional design and rarity which make the sale of this collection one of the most anticipated event of the fall auction season.
Christie's is also thrilled to present a selection of exquisite jewels from the property of Susan Burton, former wife of world-famous actor Richard Burton. Featuring over 40 iconic pieces, a very special section will be dedicated to jewels by „BVLGARI‟, the most extraordinary since 1993.
The top lot of the sale is an oval cut diamond ring by Graff, weighing 24.30 carats, of D colour and Internally Flawless clarity, it is estimated at SFr 2,600,000- 3,200,000 (US$ 2,900,000- 3,500,000).

37th ACE™ It Annual Winter Conferences

The National Association of Jewelry Appraisers announces its 37th Annual Winter ACE© It Education Conference to be held in Tucson, AZ, January 29-30, 2012. The appraisal organization dedicated exclusively to gems and jewelry presents an outstanding program to assist the professional appraiser’s continuing education and an unparalleled networking experience. For program details and registration http://www.najaappraisers.com/html/conferences.html#36th

GILC Announces Speakers for Tucson 2012

New York, NY - November 2, 2011   The Gemstone Industry & Laboratory Conference (GILC) has announced speakers for the 2012 meeting in Tucson.

Confirmed speakers and their topics include:

Thomas Hainschwang, Managing Director & Researcher, GGTL Laboratories
Identification of Heating in Tanzanite
                             
Shane McClure, Director of West Coast Identification Services at the GIA Laboratory, Carlsbad
Identification of Heat Treated Spinels

Francesco Mazzero, Opalinda
Update and Differences Between Shewa and Wolo Opals

Entry Deadline Extended for IU Awards

New York, NY - 28 October 2011 - The deadline for jewelry design entries has been extended to 21 November for the IU Awards, a gem cutting and jewelry design competition organized by the International Colored Gemstone Association and UBM Asia.

The main objectives of the IU Awards are to spotlight talents and recognize achievements in the lapidary and design arts in colored gemstones. Competition categories include jewelry design, which is further divided into four sub-categories: wedding, formal wear, manufacturer, and theme concept.

The theme concept category is sponsored by Tanzanite One this year which will feature tanzanite as major proportion of the materials. The other main category is the gem-cutting competition, which is also further divided into three sub-categories: faceting design, carving and modern combination cuts. Entries will be accepted until 21 November 2011 for the jewelry design competition and until 15 February 2012 for the gem-cutting competition.

Aspiring gemstone lapidaries and jewelry designers are encouraged to take the challenge and gain the international exposure and recognition they deserve.

Further information on the competition, including the entry form and full entry rules and regulations, is available at www.iuawards.com.

For media enquiries, please contact:

Ms Barbara Wheat
Executive Director
International Colored Gemstone Association (ICA)
Email:
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Tel: (1) 212 620 0900

Ms Wendy Pang
Senior Marketing Communications Manager
Jewellery Fairs, UBM Asia Ltd
E-mail:
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Tel: (852) 2516 2135

The Bold Design Auction: Christie's Paris

Christie's Paris will hold an auction featuring gem-studded jewelry created by Rene Boivin and Suzanne Belperron.  Boivin was a French jewelry house made famous by its bold and colorful creations produced in the 1930’s and 40’s. Belperron was recruited by Jeanne Boivin, Rene's wife, working with her from 1921 to 1931.

The Christie's Paris auction will be held 24 November 2011 at: 9 Avenue Matignon Paris, 75008.

http://www.langantiques.com/university/index.php/Boivin                    http://www.belperron.com/history

ATM Dispenses Diamond Jewelry, Gold and Silver

A company in India has built what it says is the world’s first machine that dispenses gold, silver, diamond jewelry and religious jewelry. The first ATM, created by the Gitanjali Group, was recently placed at a Mumbai shopping center and introduced with a ceremony featuring Bollywood star Raima Sen (pictured). read more...

AGS Conclave 2012 to be held in Miami

The American Gem Society (AGS) will host the 2012 Conclave at The Doral Golf Resort and Spa in Miami, Florida. The Doral has hosted the PGA Tour for over 45 years and is also home to the world-famous Pritikin Longevity Center and Spa. The AGS Conclave will feature four days of industry speakers, breakout sessions, and networking events, 25 - 28 April. Contact AGS for further details and registration. read more...

Romanov Illustrated Jewelry Drawings - Auction

Bonhams auction house in London is set to sell two illustrated inventories of jewelry belonging to Ksenia Aleksandrovna, the Grand Duchess of Russia. The two volumes, which give a precise record of the lavish presents and exceptionally expensive belongings of Grand Duchess Ksenia, the daughter of Tsar Aleksander III and sister of Nicholas II, feature almost 1,000 items. These albums contain pictures and supporting annotations to each jewelry item she received from 1880- 1912. read more...

Tanzania: Mineral Industry Overview

Afribiz, 25 October 2011

In 2008 (the latest year for which data were available), the manufacturing sector accounted for 9.4% of the gross domestic product, and mining and quarrying, 2.6%. The value of output in the mining sector increased by 2.5% in 2008 compared with an increase of 10.7% in 2007. An estimated 500,000 artisanal miners produced colored gemstones, diamond, gold, and other commodities. It is likely that artisanal mining employment declined in late 2008 and 2009 because of reduced colored gemstone production (Bank of Tanzania, 2009). read more...

Richland Resources adds new sightholder; says Q3 production is up 24pct

Proactive Investors UK 25 October 2011

Richland Resources (LON:RLD) revealed this morning that KGK Group has been added to the company’s exclusive list of cutters and jewelry makers that receive the company’s tanzanite gemstones. The news came as the group revealed it sold 573,771 carats in the third quarter for a total of US$4.7 million – up almost a quarter on the same period last year. read more...

Award Winning Jewelry Designs

Anthony DeMarco - Jewelry News Network / Forbes 25 October 2011

In a sunlit room at a location in Manhattan that I will not disclose, reporters and editors from some of the most respected consumer and trade publications in the world had their first opportunity Monday to view hundreds of fine jewelry creations by the some of the top designers in the business today. The one thing all of these pieces had in common was that colored gemstones and cultured pearls were the focal point in the work. read more...

Photo caption: Best Of  Show: Palladium and 22k gold locket featuring blue moonstones, grey diamonds (24.51ctw.) blue sapphires (17.34 ctw.) and white diamonds opening to reveal a 76.03-ct. Moldavite Buddha. Photography by Robert Weldon.

Gemfields ‘Emeralds for Elephants’ Collection at Star Studded Auction Event at the TajMahal Palace

India’s glitterati gathered in force Friday evening, as the Gemfields ‘Emeralds for Elephants’ exhibition drew to an exciting close with a Grand Auction at the Taj Mahal Palace in Mumbai.  The ‘Emeralds for Elephants’ collection raised a staggering total of US$750,000 with US$150,000 going to the World Land Trust and Wildlife Trust of India’s conservation projects in India.  

World Land Trust and Wildlife Trust of India work together to create a network of wildlife corridors so elephants can follow their migratory routes whilst minimising human-Elephant conflict. Gemfields, one of the world’s leading coloured gemstone producers brings ethically mined Zambian emeralds to the market. Each jeweller used unique Zambian emeralds in their designs, which formed the ‘Emeralds for Elephants’ collection.

Large drop earrings light up Emmys red carpet

New York--The 63rd Emmy Awards on Sunday gave celebrities another occasion to show off their red carpet jewels, and most chose to accessorize with big, drop earrings and large, sometimes colorful cocktail rings.

“Big earrings were the call of the evening,” Michael O’Connor, jewelry style expert and celebrity stylist, says. “Jewelry is becoming larger in proposition, to keep up with ornamentation on gowns, and we saw that at the Emmys.” read more...

GemClear suspends indefinitely radoactivity testing of blue topaz, diamonds and other gemstones

September 19, 2011
Rick Krementz
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
207-956-0007

GemClear, the independent NRC-licensed laboratory for the exempt distribution of irradiated gemstones, has suspended operations indefinitely. All customer gemstones have been processed and returned to their owners.

The Nuclear Regulatory Commission regulates materials with man-made radioactivity. Dark blue topaz (“London blue” color) is neutron-bombarded in a reactor. Usually topaz stays radioactive for nine to 24 months, and is sequestered in a secure location until it cools down. Topaz is required to be tested by a NRC-licensed lab to certify the topaz is within legal limits for distribution without a license. Some topaz, containing different trace elements, may stay dangerously radioactive for many decades; some highly intensive treatments may also cause extended cool-down times. GemClear regularly found topaz out of compliance and kept it out of the market.

Art jewelry to be showcased at NYC exhibition

National Jeweler - New Rochelle, N.Y.--The Forbes Galleries in New York City will be featuring International Art Jewelry: 1895 – 1925 next month, an exhibition encompassing decorative arts movements from the turn of the 19th century that included jewelry. read more...

Revealed: Fabergé Burlesque

Virginia Museum of Fine Arts

“Revealed: Fabergé Burlesque” will be performed for the first time at VMFA. The evening will showcase performers from the Richmond Institute of Burlesque who have drawn inspiration from pieces featured in the special exhibition Fabergé Revealed. Inspired by the opulence and glamour of Fabergé, The Garter Snaps, Dolli Holliday, Deepa De Jour, Philly Caramel, Ophelia Derriere and Chris Chaos will draw elements of classic burlesque, ballet, belly dancing, and modern dance into their performances. This event will be hosted by Style Weekly's Best Drag Entertainer of 2011, Magnolia Jackson Pickett Burnside. The dancers have chosen six distinct works from the collection on which to base their performances, informed by colors, glamour, and the "hidden treasures" found within the eggs themselves. This event is being presented by the Friends of Art (FOA) of the Virginia Museum of Fine Arts. read more...

De Beers Partners with Royal Palaces to Spruce Up Crown Jewels

(IDEX Online News) – With the help of De Beers, Historic Royal Palaces, the independent charity that looks after the Tower of London, will upgrade the display of the Crown Jewels. The exclusive partnership with the De Beers Family of Companies will enable the re-presentation of the Jewel House, which will open to the public in Easter 2012 to coincide with the Queen’s Diamond Jubilee celebrations and the London Olympic Games. The new exhibition will explore the importance of the Crown Jewels to the British monarchy, the role of the Tower in protecting these treasures and the long and fascinating tradition of coronations in England. read more...

The Gemstone Industry & Laboratory Conference (GILC) will meet in Hong Kong, September 22nd, 2011, during the HK Jewellery & Gem Fair.

Noted speakers include:

          Louis Lo: Fei Cui (Jadeite) Stage 2 for the Certification and Testing Council of Hong Kong  Government
          Humphrey Yen Kwan: Recent Developments of the Jadeite Market in China
          Dr. Pornsawat Wathanakul: Mineralogical Science of Jade
          Dr. Adolf Peretti:  Tibetan Andesine: Theoretical Possibilities of Geological Formation
          Richard W. Hughes: Tibetan Andesine: The Agony & the Ecstasy
          Douglas K. Hucker: Lead-glass Filled Ruby Nomenclature Harmonization
          LMHC Discussion: LMHC, CIBJO, GILC

Joining the GILC panel of distinguished experts are:

          Prof. Mimi Ou Yang, Founder, Hong Kong Institute of Gemmology
          Louis Lo, Chairman, Gemmological Association of Hong Kong

National Jeweler launches app for iPhone, iPad

New York--National Jeweler’s daily delivery of industry information now is available in mobile format with the launch of the National Jeweler News application. The app brings the top 10 stories in each of National Jeweler’s six news categories--Independents, Majors, Diamonds, Watches, Colored Stones and Fashion--to Apple users on the go. read more...

An Architectural Gemstone: The Yas Hotel

Haute Living

The color-changing, gemstone-shaped lights beaming from The Yas Hotel, mesmerize, enchant and transfix. These lights decorate the exterior of this gargantuan 500-room hotel which is now one of the main architectural features of the 36 billion dollar Yas Marina Development in Abu Dhabi. Designed by New York-based Asymptote architects Hani Rashid and Lise Anne Couture who envisioned a monument which would reflect the elements of speed and movement while also recalling the artistry and geometric patterns of ancient Islamic art, The Yas Hotel has become an architectural gem and cultural landmark for the United Arab Emirates. read more...

Zale to Offer A Jessica Simpson Jewelry Collection

August 30, 2011, 10:29 IDEX Online Staff Reporter 

(IDEX Online News) – Zale is looking to widen the appeal of its offerings, adding what it describes as diamond fashion jewelry from the Jessica Simpson Collection. This joins another new collection by Vera Wang. The jewelry retailer struggled to attract consumers into its stores, suffering as a result from declining sales. Bringing familiar names such as Simpson and Wang is an attempt to create product differentiation coupled with established brand names. read more...

Gemstone Prices Increase Worldwide

Photo courtesy of Cody Opal, National Opal Collection

Queensland, Australia, August 29, 2011

Investors seeking safe haven are now buying gemstones, opals, gold and silver instead of shares. ICA member Paul Sedawie, president of The Australian Opal Society, has recently noted a large shift in investment buyers buying top opals and other gemstones online. Sedawie explains, "I recently had the opportunity to go on a mine tour in Brazil organized by the International Colored Gemstone Association. The general feeling was that prices have been on hold for a few years in Brazil even though their currency had doubled to its main customer the USA, but there is a rise in prices now due to increased buying in Asia." read more...

Sunken treasure sparks legal tussle

(Reuters) - It was an eye-popping investment pitch no one else could match -- in return for $2 million, Manhattan accountant Neil Ash was offering investors a stake in the one of the biggest sunken treasures ever, an underwater site teeming with emeralds. read more...

Fall/Winter 2012-13 Women's Color Trend Report

WeConnectFashion

Four distinctive color themes for the Young Women's Contemporary Market F/W 2012 - 2013 season are presented, including: House of Style, Retro Future, Arctic Expression and Print Works. The color boards are detailed with palettes, descriptions, examples of color combinations and images that capture the mood of the season to come. All must be seen to be appreciated. Presented on WeConnectFashion, courtesy of Design Options, the color forecasting company who brings Southern California's unique aesthetic to the world. read more...

Richland Resources Plans Australian Adventures

Investors in Richland Resources are set to receive some good news this morning, with the coloured-gemstone miner, which until very recently was known as TanzaniteOne, due to announce that its net profits rose by nearly 130 per cent in the first half of the year as revenues climbed by 21 per cent. read more...

ICA Announces Speaker Line-up for GILC Hong Kong

The International Colored Gemstone Association will hold the Gemological Industry & Laboratory Conference (GILC) during the Hong Kong Jewellery & Gem Fair at Asia World Expo (AWE) on September 22, 2011.

Joining the panel of distinguished experts are: Prof. Mimi Ou Yang, Founder, Hong Kong Institute of Gemmology; Louis Lo, Chairman, Gemmological Association of Hong Kong; and Wilawan Atichat, Director Gem & Jewelry Institute of Thailand (GIT).

GILC Agenda:

  • Fei Cui (Jadeite) Stage 2 for the Certification and Testing Council of Hong Kong Government: Louis Lo, Chairman, Gemmological Association of Hong Kong
  • Recent Developments of the Jadeite Market in China: Humphrey Yen Kwan
  • Mineralogical Science of Jade: Dr. Pornsawat Wathanakul, Gem & Jewelry Institute of Thailand (GIT)
  • Lead-glass Filled Ruby Nomenclature Harmonization: Douglas Hucker, American Gem Trade Association
  • LMHC Discussion: Nilam Alawadeen

GILC is an invitation-only event.

For further information contact:

Sushil Goyal, GILC Chairman
This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Bear Williams, GILC Co-chair
This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Edward Boehm, GILC Co-chair
This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Barbara Wheat, ICA Executive Director
This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Jewelry Style Waits for No Man: Buy It for Yourself

For jewelers, a market is emerging for their baubles: the women who actually wear them. Selling to women could solve a big problem for the industry. About two-thirds of fine jewelry, which includes colored gems and cultured pearls, is sold around the holidays—the bulk of it to men, for women. The expansion of branding jewelry and an array of fashionable pieces made of new alloys or less expensive silver are also helping tempt women to treat themselves.read more...

Follow-up expedition to Tibet

New York, NY - November 3, 2010: A follow-up expedition to Tibet in October has ended speculation on the authenticity of andesine deposits previously reported by Dr. Ahmadjan Abduriyim of Gemmological Association of All Japan (GAAJ)-ZENHOKYO Laboratory.

The andesine topic was addressed in January this year at the Gemological Industry & Laboratory Conference (GILC) in Tucson where an ICA/GILC initiative called for a second expedition to clarify the controversy regarding the authenticity of the deposits in Tibet. This expedition reconfirms the existence of natural red feldspar in the areas previously visited and documented by Dr. Abduriyim.

Joining Dr. Abduriyim in Tibet were Richard Hughes, Brendan Laurs from the Gemological Institute of America, Thanong Leelawatanasuk from the Gem and Jewelry Institute of Thailand,and geologist Flavie Isatelle, who will soon publish their findings. A report on the fieldtrip will be presented by Dr. Abduriyim at the next GILC meeting on January 31, 2011 in Tucson, and will also be published in the Fall/Winter issue of InColor magazine.

ICA Announces Impressive Agenda for Congress in Rio

New York, NY, January 25, 2011 ~ The International Colored Gemstone Association announced an impressive line-up of speakers for the ICA Congress in Rio de Janeiro, Brazil, April 30-May 4, 2011.

The agenda kicks off with a day-long focus on Brazil and its role in the industry. A country cited by Goldman Sachs to be among the four most dominant economies in the world by 2050, along with Russia, India, and China.

Second day agenda topics focus on the Congress theme of fair trade and ethical mining with presentations by industry leaders including Dr. Gaetano Cavalieri, president of CIBJO, on the role of associations with poverty reduction and consumer confidence; Michael Rae, CEO of the Responsible Jewelry Council, on the achievements and challenges surrounding fair trade certification in the jewelry industry; and Eli Izhakoff, World Diamond Council Chairman and CEO of the Kimberley Process.

ICA Announces Lifetime Achievement Award Recipients

ICA Honors Past President, Paolo Valentini &

Brazilian Gem Trade Promoter, Hecliton Santini Henriques

Delegates meet for biennial Congress in Rio de Janeiro, Brazil early May

New York, NY, April 18, 2011 - The International Colored Gemstone Association (ICA) will honor one of its own, founding member and past president, Paolo Valentini, with a lifetime achievement award for his service to the gem trade. The group will also recognize Hecliton Santini Henriques, president of the Brazilian Gems and Jewellery Trade Association (IBGM), for his work promoting color. The contributions of both men will be celebrated during ICA’s 14th biennial Congress in Rio de Janeiro, Brazil, May 1-4.

ICA Launches 14th Congress Brazilian Style

Conference Agenda Devotes First Day to Brazilian Jewelry Industry 

Rio de Janeiro, Brazil, May 2, 2011 - Brazil, host to the 14th Biennial Congress for the International Colored Gemstone Association, welcomed delegates and guests to Rio de Janeiro Brazilian style with a traditional steakhouse dinner at Porcão Rio’s on Flamengo Beach

Monte Carlo Joias, a leading retail jeweler with 30 locations in Brazil, 15 of which opened in the past two years, sponsored the event—showcasing Brazilian cuisine, music and dancing. The jeweler is a wonderful example of the rising strength of the local market in a growing nation forecasted to experience tremendous development over the next decade. It is known for its use of Brazilian gems in designs that are both timeless and daring, of exceptional quality and affordable prices.

Opening day discussions are devoted to exploring Brazil and its role in the industry. A country cited by Goldman Sachs to be among the four most dominate economies by 2050, along with Russia, India, and China (BRIC countries).

Brazil produces 100 different gem types, exporting about 80 percent of production. But its local market for color continues to grow with its middle class. Also, presentations will highlight innovative cutting techniques and the unique ways Brazilian jewelry manufacturers are using their native stones in design.

The Congress, hosted by IBGM, the Brazilian Gems & Jewelry Trade Association, is being held at the hotel Sofitel on Copacabana Beach. Presentations begin today, May 2 and will conclude on Wednesday, May 4.

For more information:

Barbara Wheat
ICA Executive Director
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Opportunities Abound in Brazilian Gem & Jewelry Industry

ICA Congress attendees learn of current programs and long-range

strategies that will drive business in the future

Rio de Janeiro, Brazil, May 3, 2011 - A lot has changed in Brazil since the International Colored Gemstone Association held its first Biennial Congress in Belo Horizonte in 1997. Today, as the group meets in Rio de Janeiro, delegates learned about Brazil’s thriving trade from mine to market, which is expected to experience even more growth over the next two decades.

A full day of presentations by industry and government officials enlightened Congress attendees of just how much Brazil’s industry has expanded, as well as the current and long-range strategies that will drive business in the future. With a US$2 trillion Gross Domestic Product, Brazil ranks as the eighth largest economy in the world, sixth largest in purchasing power allowing it to be a key participant in the world economy.

Brazil’s jewelry sector represents 15,000 companies—12,000 of which are retailers, 2,150 manufacturing fashion/plated jewelry, 900 producing gold and silver designs, and 450 that cut and polish gems. Nearly three quarters of the industry is comprised of small and medium sizes companies. Sales for all gem and jewelry sectors in 2010 totaled US$6.5 billion ($2.8 billion of which was retail), with exports totaling US$2.2 billion, up from US$1.7 billion in 2009 (exporting four times more than it imports).

“Brazilian brands are being recognized worldwide for their unique design, sensibility and charisma,” describes Hécliton Santini Henriques, president of the Brazilian Jewellery and Gems Trade Association (IBGM). He sees Brazil’s opportunity between premium-priced couture and lower-cost classic jewelry.

In the past 20 years, IBGM has changed the benchmark for Brazilian design by raising awareness through such actions as design competitions, greater worldwide exhibition exposure, and partnerships with private and public entities to improve how the trade does business. In fact, technical schools like Senac College in Rio offer a growing list of courses from design and goldsmithing to lapidary and entrepreneurship.

ICA Partners with UBM Asia to launch First International Gem Cutting & Jewelry Design Competition

Cooperation agreement signed during final day of ICA Congress in Brazil

Rio de Janeiro, Brazil, May 4, 2011 The International Color Gemstone Association is partnering with UBM Asia to fill a void in the trade for a design competition open to color stone cutters and carvers and gem-set jewelry designers the world over. To forge their commitment to this international endeavor, ICA and UBM Asia signed a cooperation agreement during the final day of the Association’s Congress in Rio de Janeiro, Brazil to launch the first International Gem Cutting & Jewelry Design Competition.

While there are regional competitions recognizing the talents of artists working in color gemstones, there has been no international contest—until now! Representing 47 countries in its organization, ICA is the ideal group to lead this initiative. In kind, UBM Asia has extensive reach in markets from Japan to Turkey, as the organizer of the leading jewelry fairs in Hong Kong, China, Japan, India and Turkey, among them the Hong Kong Jewellery & Gem Fair, world’s largest jewelry fair, and owner of Jewellery News Asia and JeqwelleryNetAsia.com.

“We are delighted to be partnering with UBM on this initiative as the organization has been a long supportive of ICA and gemstone market,” says ICA President Wilson Yuen. It is the hope of ICA, he notes, that such an international competition would bring out hidden talents from around the world, giving greater exposure to those who might not otherwise have the opportunity, as well as help elevate gem-cutting standards worldwide through the promotion of contest categories for lapidary work.

Letitia Chow, Director of Business Development for Jewellery Group at UBM Asia, has seen tremendous growth for color in rising consumer markets like China and considers the timing ripe to promote a global competition that would encourage greater use of gemstones. “We are thrilled to be working with ICA on this endeavor, as we consider the Association the perfect group to put forward this project,” Chow says.

Further details of the competition will be announced during the coming June Hong Kong Jewellery & Gem Fair and the first award-presentation ceremony will be held at the September Hong Kong Jewellery & Gem Fair in 2012.

For more information contact:

ICA
Mr. Yehuda Kassif
Tel: 972-3-7754627
Email:
This e-mail address is being protected from spambots. You need JavaScript enabled to view it

UBM Asia
Ms Wendy Pang
Tel: 852-25162135
Email:
This e-mail address is being protected from spambots. You need JavaScript enabled to view it

For press enquiries, please contact:
Jennifer Law, Director of Communications, UBM Asia
Tel: +852 2516 1691
Fax: +852 3749 7342
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Overcoming Challenges to Fair Trade Certification

Discussions during the ICA Congress in Brazil focus on how the
colored gemstone industry can be successful in fair trade initiatives


Rio de Janeiro, Brazil, May 4, 2011 An impressive lineup of speakers, during the International Colored Gemstone Association’s Congress in Rio de Janeiro, shared insights and success stories that highlighted how the colored stone industry can advance fair trade concepts for the benefit of everyone along the supply chain.

The types of challenges faced by the diamond industry are not completely foreign to the colored stone business. Several years ago, the tanzanite industry faced scrutiny. In recent years, concerns surround rubies from Burma, embargoed by the United States to create economic pressure on the military junta there.

But unlike diamonds, tells Jean Claude Michelou, ICA vice president, there is no centralized marketing and market price control; a variety of gems come from hundreds of countries with myriad cultures and standards; and 80% of production is erratic at best, lacking investment capacity, and performed by artisanal miners in third-world countries.

Yet despite these trials, there are many initiatives underway that are making a difference. One success story in establishing protocols and dealer warrantees, however, was achieved for tanzanite in 2002, by a coalition of industry groups and representatives of the tanzanite trade, in partnership with government and NGOs, to address industry issues.

Douglas Hucker, CEO of the American Gem Trade Association, shared the steps undertaken to fortify export documentation and create a set of policies to ensure the legitimacy of the supply chain. He notes that what made the task easier than it might have been for a gem like ruby is the fact that tanzanite is only found in Tanzania.

Other great examples can be found in the efforts of Gemfields, a leading colored gemstone producer headquartered in London. According to company CEO Ian Harebottle, it is all about being green socially, environmentally and transparently.

“Gemfields says the true beauty of gems lies in the manner in which they’re managed,” says Harebottle. Referencing its Kagem emerald and Karibam amethyst mines in Zambia, Kagem and Karibam, he also cites partnerships as critical, noting 25% and 50% of the mines respectively, are owned by the government. The producer strives to ensure local communities around its mines grow with a focus on sustainability and supporting things like schools, medical clinics, and local organic farming. Moreover, it works to minimize its impact on the natural surroundings and conserve the environment as in planting trees and filling old mining pits with water and fish.

Transparently, Harebottle says: “We live by the motto that when you keep secrets, the only person you’re fooling is yourself. As a publicly listed company, Gemfields sees significant benefit in being fully transparent. Our doors are always open. We continuously publish our results and corporate strategies. We’ve initiated and support a process of warrantees throughout the pipeline. And, we encourage and support certification.”

Aptly put, Marcelo Ribeiro, director of the Belmont Group, emerald mine in Brazil, says: “In mining, more money can go into the ground than come out of it. So, you should not act as a treasure hunter, but as an investor, managing risks in pursuit of profitability.” He advocates investment in geological surveys, mining feasibility and environmental preservation, as well as building infrastructure for the mining community, and forming coops by consolidating small-scale operations.

From a retailer’s perspective, Steve Bennett, president of Color Rocks Limited and GemsTV based in London, believes that the more you tell the more you sell.  He must have something right, as GemsTV sold 7.5 million gems, 287 different kinds from 31 countries in 2010. In fact, Bennett buys gems directly from miners whenever possible. He says technology allows his company to gauge spikes in spending to determine buying triggers. What he has found is that stories including safety improvements at the mine, mine certification issues, local mining community projects, and information on miners all resonate with consumers.

But Bennett notes that not everyone can wear the same hat when it comes to expectations, noting that he doesn’t want to see small miners regulated out of business. He, like Harebottle, is working to create cooperatives to help small to medium mining operations bring goods to market via organized auctions at major trade fairs to ensure fair trade and better exposure to potential buyers.

Speakers also note the value of local education and training in gem identification and cutting to add value downstream, citing Madagascar as an example in the establishment and successful growth of a lapidary school and gemological laboratory, spearheaded by the country’s ICA ambassador, Tom Cushman.

“When consumers buy jewelry, they should know that not only is it an expression of value, beauty and emotion, but they have contributed to making a better life for people who need it most dearly,” advocates Eli Izhakoff, president of the World Diamond Council.  

ICA Congress presentations will be available online at www.gemstone.org.
For more information, contact:
Barbara Wheat, ICA Executive Director
This e-mail address is being protected from spambots. You need JavaScript enabled to view it , This e-mail address is being protected from spambots. You need JavaScript enabled to view it

All Roads Lead to Fair Trade

ICA Congress in Brazil showcases how to make fair trade a reality
irrespective of a global certification scheme in place in the gem trade

New York, NY, May 6, 2011 - Whether or not the colored stone industry is able to make a certification scheme like diamond’s Kimberley Process a reality should not preclude gem traders from executing practices that can ensure the legitimacy of its products through the supply chain, advocate speakers at the International Colored Gemstone Association’s 14th Biennial Congress in Rio de Janeiro, Brazil.

Tackling traceability, members of the gemological laboratory community shared their take on this complicated issue given the variety of gem types, origins within each type and the role labs can play in identifying gem footprints. “Origin identification not only provides historical reference and value basis, it’s becoming increasingly more important for traceability,” says Thomas Hainschwang, managing director GGTL GEMLAB, Geneva, Switzerland. He reports greater demand for these services that have shifted from a purely commercial aspiration to an ethical one.

Dr. Dietmar Schwarz, research manager for the Gubelin Gem Lab in Lucerne, Switzerland concurs: “As consumer awareness has increased in recent years, geographic origin reports have also become more important for those wishing to avoid politically or ethically challenged producer countries.” In fact, Hainschwang adds that by proving goods originate from ethically responsible sources, gems get new added value, equating to higher demand and acceptance in the market.

Hainschwang cites the use of infrared spectroscopy, UV-Vis-NIR spectroscopy, X-ray fluorescence, microscopic examination, luminescence imaging and other physical properties like inclusions, growth features and chemical characteristics—showing the differences between emeralds from Colombia and other producing nations like Brazil and Zambia.

ICA website: online bookstore, industry news, and more!

Dear Industry Colleagues,

Have you visited the all-new ICA website lately?

New features have been added to the website including the ICA Online Bookstore.

      Some of the titles now available:

                        Terra Spinel by Vladyslav Yavorskyy
                        The Heat Treatment of Ruby & Sapphire by Ted Themelis
                        Emeralds: A Passionate Guide by Ron Ringsrud
                        The Gem Hunter by Gary Bowersox
                        The Mind of a Leader by Bill Boyajian


Visit the ICA Online Bookstore at:  www.gemstone.org

or click on http://gemstone.org/icabookstore


You can also check out the latest Industry News:


              Industry News:  http://gemstone.org/news


Be sure to visit the ICA website often for the latest updates and features.


Best regards,

Barbara Wheat
Executive Director

International Colored Gemstone Association (ICA)
36 W. 44th Street, Suite 914
New York, NY 10036
Tel: 1-212-620-0900
Fax: 1-212-352-9054
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
www.gemstone.org

Sharp Increase in Demand for Participation in ICA Pavilions

New York – August 11, 2011— The International Colored Gemstone Association (ICA) reports that its members are showing a marked increase in interest to participate in ICA Pavilions organized at major trade fairs worldwide.

Demand is highest for shows in Asia where, over the last 18 months, ICA has launched new pavilions in Beijing, Shanghai, Hong Kong (June), Hangzhou, and Mumbai.

“Asian buyers are filling the show aisles looking for quality colored gemstones, especially buyers from mainland China,” stated Capt. Ramji Sharma, ICA director from Japan and chairman of the ICA Trade Show Committee. Sharma commented that buyers from Eastern Europe and the Middle East also have an increasingly strong presence at trade shows in Asia.

IDEX Online Research: U.S. Retail Jewelry Sales Up Double-Digit Levels in June

(IDEX Online News) – Jewelry sales in the U.S. market rose by a dramatic 12 percent during June 2011, when compared to the same month a year ago. This was the third consecutive month of double-digit gains for American jewelry retailers. However, reality is about to snatch the punch bowl from the party, just as the celebration of strong jewelry sales gains reaches an apex. Jewelers tell us that their sales began to wane in late June, followed by a relatively weak July. Early August sales have been characterized as “very soft” by many jewelers. Thus, we would expect that jewelry sales in July and perhaps August will reflect much more modest gains. read more...

Thailand shines as gem and jewellery hub

Thailand is poised to increase its year-on-year gemstone and jewellery exports by 10 percent in 2011 to $12 billion, as the Southeast Asian nation continues to bounce back from the global financial crisis of 2008 and benefits from stable business conditions at home, said Vichai Assarasakorn, president of the Thai Gem and Jewelry Traders Association (TGJTA). TGJTA is the organiser of the Bangkok Gems and Jewelry Fair. “We expect this year to be an even better year, as the association continues to push further forward with the promotion of the Ploi Thai country brand, and raise Thailand’s profile as the world’s gem and jewellery hub,” Vichai said. read more...

Tree of Life Pendant From Goldesign

Tree of Life Pendant From Goldesign(JCKOnline) A sprawling tree-like pendant bears a multitude of colored gemstone fruit, including amethyst, beryl, peridot, tsavorite, topaz, rubies, rubellite, and diamonds in 18k gold for $48,813 retail. Known for vibrant and jaw-dropping statement pieces, Goldesign tells its jewelry stories with Brazilian materials and inspiration, but the resulting pieces speak the international language of beauty. Designer Ana Marcia’s jewels befit celebrities on the red carpet, royals of any nation, or enthusiasts and collectors with the confidence to carry such bold pieces. read more...

Jewelers Mutual Insurance Co. donates over 500 cts of rough diamonds to the Smithsonian Institution

Jewelers Mutual Insurance Company, Neenah, Wis. - On Thursday, August 4, 2011 Jewelers Mutual donated over 500 carats of rough diamonds to the Smithsonian Institution in Washington DC. Jewelers Mutual originally acquired this unique diamond collection to display in the company's on-site R. Harder Gallery of Gems and Minerals.

A Unique Scholarship for Gemology Students!

The National Association of Jewelry Appraisers (NAJA) is pleased to announce that it will award an ACE© It Appraisal Conference Scholarship to a deserving gemology student. NAJA invites GIA, FGA, FGAA, FGG, FCGmA, RGA students to apply for this scholarship for the 37th Annual ACE© It Winter Educational Conference scheduled on January 29-30, 2012 in Tucson AZ. 

IIJS Wraps Up With Strong Jewelry Sales Amid Recession Worries

(IDEX Online News) – The 2011 edition of the India International Jewellery Show (IIJS) wrapped up today in Mumbai with a variety of responses from exhibitors. Loose diamond dealers said that while the show was average in terms of sales, it has been tough going because of extremely strong resistance to current diamond prices.  read more...

Exhibitors report strong buying as JA NY wraps

(National Jeweler - 27 July 2011)

The annual JA New York Summer show wrapped up on Tuesday at the Jacob Javits Center with good reviews from exhibitors. Brian Fleming, senior vice president at the Carla Corporation and a member of the JA New York show committee, said he saw a renewed energy at the show. read more...

JVC Recommends that a Warranty Accompany ANY Irradiated Gemstone

The Jewelers Vigilance Committee (JVC) issued a statement today reminding vendors of irradiated diamonds that they must provide complete information to potential customers for their products regarding compliance with U.S. Nuclear Regulatory Commission rules. Irradiated diamonds may not be distributed in the U.S. unless initially processed and distributed by entities fully licensed to so by the NRC.  Even stones with low levels of radiation that present no health risk, are closely regulated by the U.S. Nuclear Regulatory Commission (NRC).  read more...

Report Out on Current Trends in Indian Gems & Jewelry Sector

(ASSOCHAM - 26 July 2011) In a study a study titled ‘Current Trends in Indian Gems and Jewellery Sector’ The Associated Chambers of Commerce & Industry of India announced that gem and jewelry markets are growing at a steady rate of 15% per year. The study was comprised of feedback from around 1,500 key retailers, manufacturers, wholesalers throughout the country including branded players from all verticals of the industry - gold, gemstones, diamonds, and silver. The report cites the ever increasing appreciation of gems and jewelry for personal purchase and as an investment by Indian consumers. read more...

H. Stern Jewelry Dances in Jerusalem

by Shira Ami (Israel Diamond Industry - 25 July 2011)

The message spread within seconds: Roberto Stern was about to cross Mamilla Avenue any moment now and enter the elegant store overlooking David's Citadel. The staff poised itself, tense and excited. It was as though King David himself was about to arrive. The anticipation ended with a modest, even somewhat shy entry of the man who now rules the H. Stern empire, the individual who is responsible for the revolution that has made H. Stern one of the leading jewelry brands. We sat down next to a side table, along with the general manager of H. Stern in Israel – Israel Kurt – who believes that if he doesn't open a new store every year, he's slipping. read more... 

Metropolitan Museum Announces 5.68 Million Attendance, Highest in 40 Years

The Metropolitan Museum of Art(New York, 21 July 2011)—The Metropolitan Museum of Art announced today that 5.68 million people visited the Met during the fiscal year that ended on June 30. The number, which includes attendance at The Cloisters museum and gardens, is the highest recorded in 40 years. The total was more than 400,000 greater than in Fiscal Year 2010. read more...

A Guide to Ethical Jewellery

The Acorn pendant from ethical jeweller Fifi Bijoux

A Guide to Ethical Jewellery by Kathryn Bishop

(Professional Jeweller) 22 July 2011 - Most companies want to run ethically, but the market is a minefield. The term ethical means different things to different people; from working with a charity to reducing carbon emissions or stocking jewellery that uses ethical materials. The interest in ethical jewellery will no doubt rise. Kathryn Bishop investigates this tricky market and talks to jewellers about fair trade versus recycled, gets advice on getting the message across to shoppers and explores the benefits of charity projects.  read more...

Gemstone cutter reveals rare ruby

(Nevada Appeal) 20 July 2011 - Gem store owner Tobin Rupert realized he had a valuable stone when his associate Tyler Jourdonnais dropped off a ruby to be cut. As he started cutting, Rupert realized the gem had the potential to be of great value. After a day and a half of cutting — letting the gem dictate how it wanted to be cut — “it came out perfect,” he said, and then sent the stone to an appraiser with the Gemological Institute of America. The 8.56-carat ruby could fetch $420,000 in the retail market.  read more...

Gemfields sets record at auction of rough emeralds held in Singapore

Gemfields held an auction of (predominantly higher quality) rough emeralds in Singapore from 11 to 15 July 2011.  Thirty-nine companies were invited to attend the auction, with thirty-eight of these placing bids for the material on offer. The auction saw 1.07 million carats mined by Gemfields placed on offer, with 0.74 million carats being sold and generating record auction sales of USD 31.6 million. 

Highlights 

  • Record auction revenues of USD 31.6 million
  • A 63% increase in quality-for-quality per carat prices since December 2010
  • Seven auctions held since July 2009 have generatedrevenues totalling USD 87.5 million
  • Auction results underscore robust global demand for Gemfields’ ethical Zambian emeralds
  • Next auction of (predominantly higher quality) rough emeralds is scheduled for November 2011  read more...

Madam Secretary Falls in Love with Tanzanite!

On a recent visit to Tanzania, US Secretary of State, Hillary Rodham Clinton fell in love with tanzanite. She was captivated with the precious gem, after Susie Kennedy, an ICA Director and jewelry retailer, showed her a pair of tanzanite earrings.

Susie Kennedy owns a luxury jewelry store at the Sea Cliff Village Hotel in Dar Es Salaam, Tanzania’s financial capital.  Susie was summoned to visit Madam Secretary by the US Embassy and asked to display a wide selection of tanzanite jewelry. After viewing the collection, Madam secretary chose an exquisite pair of matching pear shaped tanzanite and a design fit to her taste. In only twelve hours, the ‘one-of-a-kind’ earrings were completed and delivered just in time for Ms. Clinton’s meeting with President Jakaya Kikwete of Tanzania and the First Lady Mama Salma Kikwete.  Madam Secretary's choice of jewels was greatly appreciated!  

Says Susie Kennedy, “Meeting and working with Madam Secretary Hillary Clinton was such a tremendous experience.  It was so great to have someone of her position visit our beautiful country!  What was even more fantastic was that she chose to go home with something that is so uniquely Tanzanian, and one of our most precious treasures.  I was thrilled that I was able to provide her with tanzanite which is something so rare and complements her style.”  

Industry Responds with Shock to Mumbai Attacks and Casualties

(IDEX Online News) 14 July 2011 – The heads of the global diamond industry are expressing sorrow and sending their condolences to Mumbai following the Wednesday's terrorist attacks. The attacks cost the lives of nearly 20 people, some of them from the diamond industry. Yair Sahar, the newly elected president of the Israel Diamond Exchange, expressed shock in a letter to Anoop Mehta, president of Bharat Diamond Bourse in Mumbai. read more...

Gemfields rises after major shareholder BlackRock ups stake

(Proactiveinvestors Australia) 14 July 2001 - Shares in Gemfields (LON:GEM) climbed 1.2 percent this morning after receiving a vote of confidence from a major shareholder, which upped its stake in the company. Gemfields revealed today that BlackRock bought more shares in the company earlier this month, upping its stake from 4.16 percent to 5.06 percent.  read more...

'Manufacturing Is an Answer to Poverty in Africa’ UN Report

(IDEX Online News) 12 July 2011  – A United Nations report on development in Africa calls for increased manufacturing on the continent to reduce poverty. According to the report, Africa accounts for about 1% of global manufacturing. The Economic Development in Africa Report 2011 calls for “a practical, well-designed approach to industrialization that is adjusted to specific country circumstances and based on extensive discussion with and feedback from businesses and entrepreneurs.”

The report, released Monday by the UN Industrial Development Organization (UNIDO) and the UN Conference on Trade and Development (UNCTAD) added that Africa cannot realistically hope to reduce widespread poverty if its governments don’t take effective measures to expand this vital economic sector.” read more...

The Return of the Fabergé Egg

Bejewelled, superbly crafted, each with its own intriguing story, and full of surprises, the first in a series of Couture Egg Pendants herald Springtime in the new Saisons Russes High Jewellery Collection from Fabergé, the jewellery and objects house that embraces creativity, craftsmanship and heritage.  The egg pendants, the first to bear the authentic Fabergé name since 1917, represent rebirth, new life that bursts forth in spring, welcomed and celebrated after the long, harsh Russian winter.

Paying homage to the legendary Imperial Eggs created by Peter Carl Fabergé for the Romanov family, and celebrating the Egg as a timeless universal symbol of life, Fabergé has designed a collection of one-of-a-kind High Jewellery Egg Pendants, Les Fameux de Fabergé, each illustrating a traditional Russian proverb, through complex, multi-layered concepts brought to life by the finest craftsmanship in the world today. The first of these creations, launched in Paris, during Couture Week, July 2011, mark the beginning of a series of twelve High Jewellery Egg Pendants, one for every month of the year. Each egg pendant, a wearable object of desire, involves a lengthy, exacting and in many cases pioneering fabrication process, pushing boundaries of both design and manufacture, and taking  contemporary craftsmanship to a new level of sophistication. read more ...

CIBJO President reports about CSR and Centre of Excellence to United Nations Economic and Social Council in Geneva

From left: CIBJO President Gaetano Cavalieri; Hanifa Mezuoi, UNITAR fellow; and Lazarous Kapambwe, President of ECOSOC and Permanent Representative of Zambia to the United Nations in New York.Milan, Italy - July 11, 2011 - CIBJO President Gaetano Cavalieri has reported to the United Nations Economic and Social Council (ECOSOC) on the World Jewellery Confederation's progress in advancing its programme for Corporate Social Responsibility education, and in particular about the establishment in Antwerp in May of the UN-recognised Centre of Excellence for CSR education in the jewellery and diamond industries.

Dr. Cavalieri delivered his statement at ECOSOC's High-level Segment, which was held at the Palais des Nations, the United Nations headquarters in Geneva, Switzerland, July 4-8. ECOSOC serves as the central UN forum for discussing international economic and social issues and for formulating policy recommendations. CIBJO has been the international jewellery sector's first and only representative in the body since 2006, and consequently is the single organisation from the industry formally allowed to address the UN forum. read more...

DDC and IDCA Offering Reciprocal Membership

New York, July 1, 2011--The Indian Diamond and Colorstone Association (IDCA) and the Diamond Dealers Club (DDC) of New York announced that they have reached an agreement for reciprocal membership between the two organizations. IDCA members will be able to take advantage of member benefits the DDC offers through its strategic partner TransGuardian, in the form of secured shipping and insurance solutions. read more...

June HK Fair draws nearly 20,000 buyers in three days

June HK Fair draws nearly 20,000 buyers in three daysThe four-day June Hong Kong Jewellery & Gem Fair, one of Asia’s leading fine jewellery events, attracted 19,968 buyers from more than 100 countries and regions during its first three days, up 21.5 percent compared with year-ago figures. More than 60 percent of the attendees were international buyers, fair organiser UBM Asia said. read more...

Organisers hail success of first Indo-Russian jewellery summit in Mumbai held by Moscow Diamond Bourse and GJEPC

Moscow, Russia: June 28, 2011, 2011 - The Moscow Diamond Bourse (MDB), India's Gem & Jewellery Export Promotion Council (GJEPC), and Navigator, a Russian-language jewellery trade magazine organised the first Indo-Russian Jewellery Summit Mumbai on June 20. The aim of the event was to increase mutual cooperation between the two countries' diamond and jewellery industries in both countries. 

 

Speaking at the opening ceremony of the summit, GJEPC Chairman Rajiv Jain welcomed the Russian guests and guest of honor, Alexey Novikov, Russia's Consul General in Mumbai. Mr. Jain identified the event's primary goal as being to serve as a networking platform for Russian buyers and members of the Indian gem and jewellery manufacturing and trading community and proposed that it become an annual event.

 

MDB President Alex Popov said: "I hope this event will indeed become an annual event where Indian and Russian industry members can get to know each other, learn about each others' capabilities and capacities. I strongly believe that Russian retailers, manufacturers and producers can do good business in India, while Indian producers and traders will find markets for their products in Russia."

 

Oksana Senatorova, publisher of the Navigator for Jewellery trade magazine offered the audience a comprehensive report on the Russian gem and jewellery market.

 

The four-day summit, which closed on June 23, included individual workshops, visits to diamond and jewellery factories, and round-table discussions between the participants, moderated by Prasad Kapre, co-chairman of FICCI Jewellery Section.

Gemfields Aquires 75% Interest in Mozambican Ruby Project

LONDON: Gemfields plc announces that it has entered into a conditional agreement (the “Agreement”) to acquire a controlling interest in a ruby deposit based in the Montepuez district of the Cabo Delgado province in Mozambique (the “Project”).

The Project comprises five mining titles (made up of both mining and exploration rights) currently owned by Mwiriti Limitada (the “Vendor”) and covers approximately 34,000 hectares (the “Mining Titles”).  Mining has to date taken place on a relatively small and informal scale and the Vendor now wishes to scale up the operation.

Under the terms of the Agreement, Gemfields will hold 75% of a new company (the “New Company”), with the Vendor holding 25%. Subject to government approval, the Mining Titles will be restructured and issued in the name of the New Company.

All Roads Lead to Fair Trade

ICA Congress in Brazil showcases how to make fair trade a reality
irrespective of a global certification scheme in place in the gem trade

New York, NY, May 6, 2011 - Whether or not the colored stone industry is able to make a certification scheme like diamond’s Kimberley Process a reality should not preclude gem traders from executing practices that can ensure the legitimacy of its products through the supply chain, advocate speakers at the International Colored Gemstone Association’s 14th Biennial Congress in Rio de Janeiro, Brazil.

Tackling traceability, members of the gemological laboratory community shared their take on this complicated issue given the variety of gem types, origins within each type and the role labs can play in identifying gem footprints. “Origin identification not only provides historical reference and value basis, it’s becoming increasingly more important for traceability,” says Thomas Hainschwang, managing director GGTL GEMLAB, Geneva, Switzerland. He reports greater demand for these services that have shifted from a purely commercial aspiration to an ethical one.

Dr. Dietmar Schwarz, research manager for the Gubelin Gem Lab in Lucerne, Switzerland concurs: “As consumer awareness has increased in recent years, geographic origin reports have also become more important for those wishing to avoid politically or ethically challenged producer countries.” In fact, Hainschwang adds that by proving goods originate from ethically responsible sources, gems get new added value, equating to higher demand and acceptance in the market.

Hainschwang cites the use of infrared spectroscopy, UV-Vis-NIR spectroscopy, X-ray fluorescence, microscopic examination, luminescence imaging and other physical properties like inclusions, growth features and chemical characteristics—showing the differences between emeralds from Colombia and other producing nations like Brazil and Zambia.

Overcoming Challenges to Fair Trade Certification

Discussions during the ICA Congress in Brazil focus on how the
colored gemstone industry can be successful in fair trade initiatives

Rio de Janeiro, Brazil, May 4, 2011 An impressive lineup of speakers, during the International Colored Gemstone Association’s Congress in Rio de Janeiro, shared insights and success stories that highlighted how the colored stone industry can advance fair trade concepts for the benefit of everyone along the supply chain.

The types of challenges faced by the diamond industry are not completely foreign to the colored stone business. Several years ago, the tanzanite industry faced scrutiny. In recent years, concerns surround rubies from Burma, embargoed by the United States to create economic pressure on the military junta there.

But unlike diamonds, tells Jean Claude Michelou, ICA vice president, there is no centralized marketing and market price control; a variety of gems come from hundreds of countries with myriad cultures and standards; and 80% of production is erratic at best, lacking investment capacity, and performed by artisanal miners in third-world countries.

Yet despite these trials, there are many initiatives underway that are making a difference. One success story in establishing protocols and dealer warrantees, however, was achieved for tanzanite in 2002, by a coalition of industry groups and representatives of the tanzanite trade, in partnership with government and NGOs, to address industry issues.

Douglas Hucker, CEO of the American Gem Trade Association, shared the steps undertaken to fortify export documentation and create a set of policies to ensure the legitimacy of the supply chain. He notes that what made the task easier than it might have been for a gem like ruby is the fact that tanzanite is only found in Tanzania.

ICA Partners with UBM Asia to launch First International Gem Cutting & Jewelry Design Competition

Cooperation agreement signed during final day of ICA Congress in Brazil

Rio de Janeiro, Brazil, May 4, 2011 The International Color Gemstone Association is partnering with UBM Asia to fill a void in the trade for a design competition open to color stone cutters and carvers and gem-set jewelry designers the world over. To forge their commitment to this international endeavor, ICA and UBM Asia signed a cooperation agreement during the final day of the Association’s Congress in Rio de Janeiro, Brazil to launch the first International Gem Cutting & Jewelry Design Competition.

While there are regional competitions recognizing the talents of artists working in color gemstones, there has been no international contest—until now! Representing 47 countries in its organization, ICA is the ideal group to lead this initiative. In kind, UBM Asia has extensive reach in markets from Japan to Turkey, as the organizer of the leading jewelry fairs in Hong Kong, China, Japan, India and Turkey, among them the Hong Kong Jewellery & Gem Fair, world’s largest jewelry fair, and owner of Jewellery News Asia and JeqwelleryNetAsia.com.

RJC Announces Signet Jewelers as New Certified Member

LONDON – The Responsible Jewellery Council (RJC) today announced that Signet Jewelers Limited has achieved certification meeting the ethical, human rights, social and environmental standards as established by the RJC’s Member Certification System. Signet Jewelers’ certification encompasses all of its US and UK operations, which total over 1,800 retail locations. Signet Jewelers joins Cartier as the second of RJC’s founding members to be certified. Specialized Technologies Resources – Responsible Sourcing (STR‐RS), one of the independent third party auditing firms accredited to the RJC’s Member Certification System.

The successful verification assessment of Signet Jewelers was conducted by

"Signet’s certification across its US and UK retail stores, will send a strong message that responsible business practices are a necessity for today’s businesses. RJC warmly congratulates the Signet team on this outstanding effort," says Michael Rae, RJC’s Chief Executive Officer.

"Signet has the goal to operate as a profitable and socially responsible specialty retail jeweler. Therefore, a key objective is seeking to uphold our social, ethical and environmental principles and to ensure that these principles are upheld throughout the supply chain. In Signet’s view the most efficient and effective way of achieving this commitment is through its membership of the Responsible Jewellery Council (RJC) and compliance with its principles and Code of Practices. Signet intends to do what it can within its sphere of influence to promote and bring greater awareness of the RJC to the industry," says Mike Barnes, CEO, Signet Jewelers.

For further information please contact: Mila Bonini, Communications Manager, Responsible Jewellery Council
Telephone +39 02 48002801, Mobile +39 334 5488723,
This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Opportunities Abound in Brazilian Gem & Jewelry Industry

ICA Congress attendees learn of current programs and long-range

strategies that will drive business in the future

Rio de Janeiro, Brazil, May 3, 2011 A lot has changed in Brazil since the International Colored Gemstone Association held its first Biennial Congress in Belo Horizonte in 1997. Today, as the group meets in Rio de Janeiro, delegates learned about Brazil’s thriving trade from mine to market, which is expected to experience even more growth over the next two decades.

A full day of presentations by industry and government officials enlightened Congress attendees of just how much Brazil’s industry has expanded, as well as the current and long-range strategies that will drive business in the future. With a US$2 trillion Gross Domestic Product, Brazil ranks as the eighth largest economy in the world, sixth largest in purchasing power allowing it to be a key participant in the world economy.

Brazil’s jewelry sector represents 15,000 companies—12,000 of which are retailers, 2,150 manufacturing fashion/plated jewelry, 900 producing gold and silver designs, and 450 that cut and polish gems. Nearly three quarters of the industry is comprised of small and medium sizes companies. Sales for all gem and jewelry sectors in 2010 totaled US$6.5 billion ($2.8 billion of which was retail), with exports totaling US$2.2 billion, up from US$1.7 billion in 2009 (exporting four times more than it imports).

“Brazilian brands are being recognized worldwide for their unique design, sensibility and charisma,” describes Hécliton Santini Henriques, president of the Brazilian Jewellery and Gems Trade Association (IBGM). He sees Brazil’s opportunity between premium-priced couture and lower-cost classic jewelry.

In the past 20 years, IBGM has changed the benchmark for Brazilian design by raising awareness through such actions as design competitions, greater worldwide exhibition exposure, and partnerships with private and public entities to improve how the trade does business. In fact, technical schools like Senac College in Rio offer a growing list of courses from design and goldsmithing to lapidary and entrepreneurship.

ICA Launches 14th Congress Brazilian Style

Conference Agenda Devotes First Day to Brazilian Jewelry Industry

Rio de Janeiro, Brazil, May 2, 2011 - Brazil, host to the 14th Biennial Congress for the International Colored Gemstone Association, welcomed delegates and guests to Rio de Janeiro Brazilian style with a traditional steakhouse dinner at Porcão Rio’s on Flamengo Beach

Monte Carlo Joias, a leading retail jeweler with 30 locations in Brazil, 15 of which opened in the past two years, sponsored the event—showcasing Brazilian cuisine, music and dancing. The jeweler is a wonderful example of the rising strength of the local market in a growing nation forecasted to experience tremendous development over the next decade. It is known for its use of Brazilian gems in designs that are both timeless and daring, of exceptional quality and affordable prices.

Opening day discussions are devoted to exploring Brazil and its role in the industry. A country cited by Goldman Sachs to be among the four most dominate economies by 2050, along with Russia, India, and China (BRIC countries).

Brazil produces 100 different gem types, exporting about 80 percent of production. But its local market for color continues to grow with its middle class. Also, presentations will highlight innovative cutting techniques and the unique ways Brazilian jewelry manufacturers are using their native stones in design.

The Congress, hosted by IBGM, the Brazilian Gems & Jewelry Trade Association, is being held at the hotel Sofitel on Copacabana Beach. Presentations begin today, May 2 and will conclude on Wednesday, May 4.

For more information:

Barbara Wheat
ICA Executive Director
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Sotheby's Geneva to Sell the Most Important Emerald & Diamond Tiara to Come to Auction in 30 Years

A magnificent and extremely rare emerald and diamond tiara, circa 1900, formerly in the Collection of Princess Katharina Henckel von Donnersmarck. Est. $5-10 million (CHF 4.5-9 million). Photo: Sotheby's.

GENEVA.- David Bennett, Sotheby’s Chairman of Jewellery for Europe and the Middle East, today announced that Sotheby’s will sell the most valuable emerald and diamond Tiara to have appeared at auction in over 30 years in its sale of Magnificent and Noble Jewels in Geneva on the 17th May 2011. Estimated to sell for £3.1-6.2 million (CHF 4.5- 9 million / $5-10 million), the Highly Important and Extremely Rare Emerald and Diamond Tiara is composed of 11 exceptionally rare Colombian emerald pear-shaped drops which weigh over 500 carats in total, which may well have originally adorned the neck of a Maharajah. These emeralds are also believed to have been in the personal collection of Empress Eugénie. read more...

Royal ring sapphire 'came from Sri Lanka'

By Sivaramakrishnan Parameswaran

A Sri Lankan jewellers' organisation claims to have solved an enduring secret surrounding the engagement ring of royal fiancee Kate Middleton.

The famous sapphire at the heart of the ring came from a mine in the centre of the country 35 years ago, the Sri Lanka Gem and Jewellery Association says.

Royal jewellers Garrard refused to comment on the claims.

Prince William gave the ring to Miss Middleton in October. It was first worn by his mother Princess Diana in 1981.

A spokeswoman for Garrard told the BBC that the origins of the precious sapphire and blue diamonds in the ring - and their value - remained a closely guarded secret. read more...

Blues and greens settle in for spring

This Erica Courtney ring, made of 18-karat gold with diamonds, zultanite and pink sapphires, retails for $36,000 and follows the 2011 trend of green colors in jewelry.

By Hannah Connorton

New York--Blue and green hues first appeared at New York’s fashion week earlier this year, and were prevalent on the red carpet for 2011 awards shows. Now, the colors are everywhere in jewelry, from ornate necklaces and rings to chunky cuffs and long earrings.

“Fashion designers have set the stage in terms of color for the season, so we will see that well into spring of 2012,” Michael O’Connor, jewelry style expert and celebrity stylist, says. 

As the cuff trend transcends its way into 2011, variations of the style will leave consumers with a host of bracelets to accessorize with. Designer Victor Velyan’s chrome diopside bracelet, made of 24-karat gold and silver (below), retails for $13,800 read more...

 

A chemist looks at Kate's sapphire ring

Here's a look at the chemistry of Kate's famous sapphire-and-diamonds engagement ring, which once belonged to Princess Diana.

I am taking a break from the elemental table today because unless you've been hiding under a rock for the past few months, you know that William and Kate are getting married today. Which means that traffic in London will be a nightmare, so everyone in the UK is getting a holiday. read more...

London jeweler with ties to royal family makes Middleton’s ring of rare Welsh gold

LONDON — Prince William and Kate Middleton have chosen a family business with long ties to the royal family to make the wedding ring of rare Welsh gold that will be slipped on her finger Friday. Palace officials said the ring was made by the Wartski company, which was founded in Wales in 1865. read more...

India's gems & jewellery exports up 47% in FY11

The Gem and Jewellery Export Promotion Council (GJEPC) released the annual export performance figures for the financial year 2010-2011 in Mumbai today. One of India’s leading foreign exchange earning sectors over the year has witnessed a considerable growth in the volume of exports from export figures of US$ 29358.49 mn in the FY 2009-2010, to US$ 43139.24 mn in FY 2010-2011, thus indicating a net increase of 46.89% in the total gem and jewellery exports. The performance of this industry is critical as it contributes 16.67% to India’s total merchandise exports. read more...

Important Burma Ruby Ring from the Alice Appleton Hay Collection Sells for $1.3 Million

Platinum, Ruby and Diamond Ring, Cartier: Sold for $1,314,500
Platinum, Ruby and Diamond Ring, Cartier: Sold for $1,314,500

International bidding drove strong prices at Doyle New York’s April 13, 2011 sale of Important Estate Jewelry. On the block was a spectacular ruby ring by Cartier from the collection of Alice Appleton Hay (1887-1987) the daughter-in-law President Lincoln’s private secretary John Hay. Set with a natural Burma ruby of 6.29 carats, the ring attracted a great deal of international interest in the weeks leading up to the sale. Strong competitive bidding drove its price past the pre-sale estimate of $60,000-80,000 to reach for a staggering $1,314,500. At over $200,000 per carat, this is one of the highest prices per carat ever achieved for a ruby at auction. read more...

"Luxury triangle" of brands in Shanghai

"Luxury triangle" of brands in Shanghai

 

Austen Branded Goods City, scheduled to open this year, will cover a huge 3,000 sqm of the business development district of Shanghai, setting the site up as the city's new shop window on major European branded goods.

The 30-plus brands moving into the mall in Gubei New Area are all showing luxury goods of top quality, albeit not household names in China. One example is Weill, one of France's oldest fashion brands, having traded for over 100 years. Its women's wind jackets are a hit throughout the European market.

Another brand is Lauren Vidal, a designer label on sale in Paris' Lafayette department store, targeting women in the 25 to 35 age group. read more...

ICA Announces Lifetime Achievement Award Recipients

ICA Honors Past President, Paolo Valentini &

Brazilian Gem Trade Promoter, Hecliton Santini Henriques

Delegates meet for biennial Congress in Rio de Janeiro, Brazil early May

New York, NY, April 18, 2011 - The International Colored Gemstone Association (ICA) will honor one of its own, founding member and past president, Paolo Valentini, with a lifetime achievement award for his service to the gem trade. The group will also recognize Hecliton Santini Henriques, president of the Brazilian Gems and Jewellery Trade Association (IBGM), for his work promoting color. The contributions of both men will be celebrated during ICA’s 14th biennial Congress in Rio de Janeiro, Brazil, May 1-4.

Christie's to Auction $150m Elizabeth Taylor Jewelry Collection

Elizabeth Taylor wears the Taylor-Burton diamond on a necklace at the 1970 'Oscar' Ball. Frank Edwards, Fotos International / Getty Images
Elizabeth Taylor wears the Taylor-Burton diamond on a necklace at the 1970 'Oscar' Ball. Frank Edwards, Fotos International / Getty Images

The late Elizabeth Taylor's great passion, her staggering collection of massive diamonds and rare vintage jewels, will be auctioned by famed auction house Christie's, sources told People magazine.

While Christie's is refusing to confirm the report and no date has been announced, the mag reports the auction house will disperse the collection valued at more than $150 million. Taylor speculated before her death that one day her private collection -- said to rival that of some royal households -- would be "scattered around the four corners of the world."

The 79-year-old Academy Award winning actress, who died from congestive heart failure on March 23, had worked with the auction house in the past.

In 2002 Taylor allowed Christie's to host a public exhibition of her jewels, including the famed 33-carat Krupp diamond, the La Preregina Pearl by Cartier and the heart-shaped Taj Mahal diamond. That exhibition benefited her signature charity, The Elizabeth Taylor AIDS Foundation.  read more...

Gemfields says 'Uniquely You' to the Modern Woman

Gemfields new global marketing campaign for emeralds will run in leading Asian publications


London, England – For centuries, beautiful women have adorned themselves in emeralds. They were Cleopatra’s treasure, gifted from Napoleon to Josephine, collected by Maharani Gayatri Devi and owned by screen legends such as Marlene Dietrich, Greta Garbo and Elizabeth Taylor.  In an initiative to rebrand Zambian emeralds worldwide, Gemfields is debuting the world’s first emerald advertising campaign: “Uniquely You.”

“In recent years, emeralds have seen a resurgence in popularity on the red carpet and with stylish women worldwide,”
notes Ian Harebottle, Gemfields CEO. “This is a perfect starting point in terms of our clear message on Gemfields emeralds, including the innate characteristics of the gemstone, ethical mining concerns and its significant value.”


The tagline, “Uniquely You”, references both the gemstone and the woman who wears it. The precious gem’s distinct, regal quality makes it “Uniquely You” and adds an individual elegance to each wearer. The campaign will reintroduce affluent women to the defining and alluring characteristics of the fabled green gemstone.

Myanmar gems auction earns record $2.8 billion

YANGON, Myanmar (AP) — Myanmar earned more than $2.8 billion from the sale of jade, gems and pearls at its annual gems auction this month, a report said Saturday.

The weekly Voice news magazine said 16,939 lots of jade, 206 lots of gems and 255 lots of pearls were sold through competitive bidding to fetch the record-high revenue. It said 8,719 local and foreign gem merchants took part in the 48th annual event, held in the capital, Naypyitaw, according to an official from the Union of Myanmar Federation of Commerce and Industry. read more...

 

Green jewelry takes over the red carpet at the Oscars 2011

As always ‘la crème de la crème’ of Hollywood's A-listers made impressive fashion and jewelry statements at the 83rd annual Academy Awards at the Kodak Theater in LA, on February 27. The jewelry and fashion styles displayed were invigorating, reassuring and positively colorful. Floor-length gowns and column dresses dominated, while short trains also seemed to be trendy. In terms of color trends, the palette was in dark hues, prominent with reds and plentiful with a shade of nudes. Metallic dresses added notable sparkle. Jewelry was mainly worn in contrast and lent pops of color to the gowns. Following a trend of the last few years, earrings and bracelets were more present than brooches and statement necklaces.

Green, as in emerald, was definitively the strongest color to take the stage on the red carpet this year. Among those featured were gorgeous emerald jewels worn by past and present nominees.

Outstanding Results for Gemfields Rough Zambian Emerald And Beryl Auction

Gemfields Plc is pleased to announce the results of the auction of (predominantly lower quality) rough Zambian emerald and beryl held in Jaipur, India from 10-14 March 2011.

Highlights

• Second highest total auction revenues to date of USD 9.9 million

• A 148% increase in quality-for-quality per carat prices since March 2010

• Total year-to-date revenue from rough emerald auctions now stands at USD 37 million

• Six auctions held since July 2009 have generated revenues totalling USD 55.7 million

• Auction results underscore rising global demand for Gemfields’ ethical Zambian emeralds

• Gemfields’ next auction of (predominantly higher quality) rough emeralds is scheduled for July 2011

TanzaniteOne discovers 12,100-carat tanzanite stone weighing 2.42 kg

TanzaniteOne Limited said it has unearthed the third-largest high quality gemstone ever mined in the decade that it has been operating. The 12,100-carat tanzanite stone, weighing 2.42 kg, was discovered at the firm’s main tanzanite project in the Simanjiro district of Tanzania. It is believed to be the third-largest tanzanite ever found, and the stone is undergoing analysis, including colour and clarity grading. The stone is likely to be cut into smaller, but nonetheless large stones, at the firm’s own cutting facility at the TanzaniteOne mine site. read more...

And Thou Shalt Breathe Life into A Gem

After five and a half months one of the most interesting exhibitions held in the Harry Oppenheimer Diamond Museum has come to a close. It was the "And Thou Shalt Breathe Life into A Gem" (Curators Yehuda Kassif – Israel, Gaby Pauly – Germany), an exhibition that brought some of the finest gemstone carvings made in Idar Oberstein to the Israeli public.

The Harry Oppenheimer Diamond Museum in Ramat Gan had approached the Stiftung Deutsches Edelsteinmuseum in Idar Oberstein asking them to lend rare and special exhibits in order to organize a special exhibition of carvings, artifacts and jewelry that was produced by cutters there.

Seminar Series at HK International Jewellery Show

HKTDC Hong Kong International Jewellery Show 2011, which is one of the world’s largest industry events, will host a seminar series at the upcoming show.

HKIJS is a favourite among gem and jewellery-related companies: the 2010 show featured more than 2,600 exhibitors from 44 countries and regions. They include representatives of a total of 24 group pavilions, which are always a strong feature of the show and attract much interest from visitors.

Register for the seminars series here HKTDC form.

Gem Tower is set to rise

Extell's International Gem Tower at 44 W. 47th St. is set to soar at last.

"In the last week of March or the first week of April, steel starts going up," said Extell development director Raizy Haas.

The $750 million, 34-story project on the Diamond Block between Fifth and Sixth Avenues has been one of the city's most-watched projects ever since the design was debuted on these pages nearly four years ago.

The dream of Extell President Gary Barnett, it will fill a yawning midblock hole with a striking, many-faceted tower by Skidmore Owings & Merrill. But the October 2008 market crash badly hurt the diamond industry, and progress came more slowly than originally planned.

Although the site was built up to grade last year, the city's most patient tower crane has hovered since August 2009, awaiting instructions.

Now, though, Extell and Tishman Construction have just turned on their public information hotline at 212-921-7018 -- a "courtesy for the neighborhood," Haas said, as work kicks into high gear. It details trenching, sandblasting and related activities this month and next.

The all-condominium tower is meant to serve as the new global headquarters of the gem industry -- with the exception of 60,000 square feet of retail, including a restaurant.

Red Carpet Crystal Ball

Michael O’ConnorTrends Shaping Jewelry Design

By Style Expert Michael O’Connor

Entire companies have been built around following celebrity trends. The reason is that what celebrities wear has a huge impact on what consumers want to buy and consequently, on what retailers want from manufacturers. Consumer purchasing, however, is not always a direct “like it – buy it” scenario and is contingent upon the consumer tailoring a favorite celebrity look to meet every day reality. As a fashion accessory, jewelry must walk the fine line between what consumers want, what is accessible and what fashion sets the stage for.

For generations, the fashion industry has spurred annual sales with seasonal introductions that become consumer “trends”. This “trending” was noted as early as the 1800’s when American author Henry David Thoreau said, “Every generation laughs at the old fashions but religiously follows the new”. We all follow fashion trends to some extent. The fact is that we have no real choice. No matter what we purchase, whether season’s late or on sale, is a result of fashion trends dictated by designer aesthetics, merchandiser’s needs, editor’s visions, publicist’s influence and celebrity style choices. Jewelry styles also trend, but in fashion’s footsteps. As an accessory, jewelry design is formed and framed by clothing lines, what materials are used and what colors, combinations and looks are fashionable.

GJEPC to create new firm for better colored stone sourcing

To tackle the difficulty faced by Indian gem and jewellery manufacturers in sourcing coloured gemstones from African nations and almost a 50 percent rise in prices, the Gem and Jewellery Export Promotion Council is working at creating a firm which would source newer options for gemstone buying from key centres of the world and distribute them in India. Last month, Namibia, known to be highly potential for gemstone mining, capped exports, and restricted it only to registered buyers, just as did South Africa and Tanzania. Kenya, another gemstone sourcing option, is another area posing challenges to sourcing gemstones. read more...

CIBJO to hold "Emerald Day" mini conference ahead of 2011 Congress (Feb 10, 2011)

CIBJO is the international jewellery confederation of national trade organizations. CIBJO's purpose is to encourage harmonization, promote international cooperation in the jewellery industry and to consider issues which concern the trade worldwide. CIBJO's chief mission is to protect consumer confidence in the industry. Click here to go to the CIBJO website for more information

Milan, Italy, February 10, 2011 -- CIBJO, the World Jewellery Confederation has announced the details of a gemmological mini conference that will be held ahead of the 2011 CIBJO congress in Porto, Portugal. Following the success of "Ruby Day," which took place during the 2010 CIBJO Congress in Munich, Germany, "Emerald Day" represents the second gemmological mini conference in CIBJO Congress history.

Abolish taxes on imports to encourage growth

PESHAWAR: Industry leaders asked the government to abolish income and sales taxes on the import of gemstones from Afghanistan to boost the industry locally and encourage more investment in this sector. Executive Committee Gems and Gemological Institute of Pakistan (GGIP) Chairman Zia-ul-Haq Sarhadi said gemstones were being exported to India, Singapore and other countries due to favourable policies and wider market access, whereas in Pakistan, the government has imposed a 22 per cent tax on imports, making trade unattractive and costly for businessmen in the sector. read more...

ICA Announces Impressive Agenda for Congress in Rio

New York, NY, January 25, 2011 ~ The International Colored Gemstone Association announced an impressive line-up of speakers for the ICA Congress in Rio de Janeiro, Brazil, April 30-May 4, 2011.

The agenda kicks off with a day-long focus on Brazil and its role in the industry. A country cited by Goldman Sachs to be among the four most dominant economies in the world by 2050, along with Russia, India, and China.

Second day agenda topics focus on the Congress theme of fair trade and ethical mining with presentations by industry leaders including Dr. Gaetano Cavalieri, president of CIBJO, on the role of associations with poverty reduction and consumer confidence; Michael Rae, CEO of the Responsible Jewelry Council, on the achievements and challenges surrounding fair trade certification in the jewelry industry; and Eli Izhakoff, World Diamond Council Chairman and CEO of the Kimberley Process.

Tz company to mine Tsavorite in Manyara

Tsavorite is a brilliant beautiful vivid green colour. It is bright and lively with a high refractive index, durability and clarity. The project is located 20 km from the company's producing tanzanite mine of Merelani in northern Tanzania.This is an indicated resource of about 2.1 million tonnes to 5.2 million tonnes of the green gemstone variety of grossularite garnet was located within the inferred resource area.The company said in a press statement that a maiden Joint Ore Reserve Committee (JORC) compliant inferred resource of between 18.2m tonnes and 24.9 million tonnes of tsavorite ore. DAR ES SALAAM, TANZANIA -  TanzaniteOne, the coloured gemstone producer and developer of the rare 'tanzanite' gemstones, is working towards establishing an economic model for a potential tsavorite mine in Manyara region in northern Tanzania. read more...

JIC Gem Awards 2011

Jennifer Hudson and Neil Lane (Photo courtesy of JIC)The Ninth Annual GEM Awards took place Friday, January 7, 2011, at Cipriani 42nd Street New York City. At the event, Jewelry Information Center honored Dr. Jeffrey E. Post, Curator of the U.S. National Gem and Mineral Collection at the Smithsonian’s National Museum of Natural History, with the GEM Award for Lifetime Achievement. In addition, Breitling received the GEM Award for Corporate Communications, Marie Claire magazine accepted the GEM Award for Journalistic Excellence and Neil Lane received the GEM Award for Jewelry Style read more...

Emerald, Sapphire Found In Fish Tank

Gemologist Estimates Stones To Be Decades Old

DETROIT -- Hundreds of thousands of dollars in precious stones may have been found in a fish tank that was being stored in a Detroit auction warehouse.  Gemologist Derek Wilson said Detroit police called him to the warehouse to help identify the stones that were uncovered.

"We started looking through it and it was just full of faceted and unfaceted gems," he said. read more...

Mainland China’s Economic Growth to Moderate in 2011

Rapidly rising inflation, strong credit and investment growth and stubbornly high home prices prompted the Mainland authorities to raise banks’ required reserve ratio (RRR) for the third time in a month on 10 December and increased interest rates for the second time in two months on Christmas Day.

With inflation and wages rising and signs of a rebound in property market activities emerging recently, more increases in the RRR and interest rates can be expected in the coming months. read more...

No permits for gemming in Kalu Ganga -- Sab. CM

The Sabaragamuwa Provincial Council has decided not to issue permits at any cost for gem mining in the Kalu Ganga, officials said.

Issuing a press release, Assistant Secretary (Information) of the Provincial Council Sunil Leelananda Perera said that Chief Minister Mahipala Herath had announced this decision at a recent meeting at the Ratnapura office of the Sri Lanka Gem and Jewellery Authority. read more...

Rising demand to help gems and jewelry sector

In an exclusive interview with SME Times, Rajiv Jain, Chairman, Gems and Jewelry Export Promotion Council (GJEPC) said that demand has increased in the export markets for the gems and jewelry products and the sector is likely to grow by 20-25 percent by the end of this fiscal as market is picking up. read more...

Snooki Launches Pink Sapphire Pendant

It appears that Snooki has partnered with DiamondShark, a jewelry deal of the day site, to launch what is said to be the first piece from her jewelry line. The 2011 Snooki Party Ball is a limited edition pendant containing 1 carat of pink sapphire gemstones retailing for $49. read more...

Forgotten Gemstone Treasure

A stunning collection of gems which lay forgotten in a bank vault for 30 years has been unearthed - and is set to sell for more than £100,000. The emeralds, sapphires rubies and diamonds were locked away in a private bank-vault for safe-keeping in about 1980 but were then forgotten about. read more...

NJ StyleFile: Engaged to hue

By Catherine Dayrit

The holidays are currently in full swing and, according to reports from the retail counter, that means engagement season is, too. While most retailers are making sure to keep a healthy stock of bridal hit-makers on hand, including much-requested vintage-inspired rings, a greater-than-usual number of jewelers might be stocking up on a burgeoning bridal category: color. read more...

Oprah Gives Away Pink Rio Tinto Diamonds

By Lindsey Wojcik, Editorial Assistant

It seems that Oprah Winfrey is going out with a bang during the final season of her show and audience members around the globe are reaping the benefits. During a Dec. 14 taping of the Oprah Ultimate Australian Adventure in Sydney, the talk-show host announced she would be giving away a limited-edition “O” necklace made from white gold and seven pink Argyle diamonds. read more...

2011 CIBJO Congress to take place in Porto, Portugal, in March 14-16

Milan, Italy - December 23, 2010: CIBJO, the World Jewellery Confederation, has announced that its 2011 congress will be held March 14-16, in Porto, Portugal, at the historical Freixo Palace Hotel, on the banks of the Douro River. The Congress will be hosted by Associação de Ourivesaria e Relojoaria de Portugal - the Portuguese Jewellery and Watchmaking Association (AORP) - under the auspices of the Commission for Coordination and Regional Development - North Portugal (CCDRN).

Announcing the dates and venue of next annual congress, the CIBJO's president, Dr. Gaetano Cavalieri, credited AORP's president, Manuel Alcino, and his staff for their supreme effort in creating the conditions necessary for the event to take place in the historic coastal city. Porto, which is most closely associated with the production of port wine, also boasts a centuries-old jewellery making tradition.

Bulgari Exhibition at Paris' Grand Palais

TWINKLE TWINKLE: Crisp temperatures and sludgy sidewalks didn’t hold off the crowds for the opening of the “Bulgari: 125 Years of Italian Magnificence” exhibition at the Grand Palais in Paris on Thursday night. Julianne Moore, Juliette Binoche and Clive Owen were among an estimated 3,000 guests who turned out to admire the brand’s archive baubles. Leading the Italian contingent was Bulgari chief executive officer Francesco Trapani, who caught up with Printemps chairman Maurizio Borletti and Antonio Belloni, managing director of LVMH Moët Hennessy Louis Vuitton. Visitors thronged the show’s central space to drink Champagne read more...

How We All Spend Our Money

How We All Spend Our Money
Helen A. Coster

We broke down consumption on domestic and global scales. How does your household budget stack up?

How Americans Spend Their Money
'Tis the season for turning otherwise normal people into up-at-dawn, deal-seeking lunatics. What better time than the holidays to look at how consumers---in the U.S. and around the world---spend their discretionary dollars (as opposed to outlays on necessities like food and housing). read more...

Gemfields reports record-breaking December emerald auction

Gemfields PLC (LON:GEM) achieved revenue of US$19.6 million in the December 6-10 auction held in Johannesburg, a new record for a single auction and exceeding the US$18.7 million generated from the three previous emerald auctions held during the current 2009/10 financial year.

The auction of predominantly higher quality rough emeralds was attended by 32 companies drawn from India, Israel, Germany and the United States. It saw 0.87 million carats placed on offer, with 0.75 million carats being sold. read more...

KGJS Concludes with Record Attendance

KGJS Concludes with Record Attendance

KGJS 2010 featured 200 booths and attracted 10,000 visitors.

RAPAPORT... The third edition of Kerala’s jewelry trade fair, KGJS 2010, concluded in Cochin, India, after a record high footfall observed during the show. More than 200 exhibitors showcased their goods to 10,000 trade visitors. Thailand debuted its exclusive pavilion at the three day KGJS 2010, which concluded December 6. read more...

Gem lab to polish market quality

London-based Intertek Testing Services has signed a Memorandum of Understanding with the government to build a US$10 million laboratory to test the quality of gemstones in Cambodia.

The centre, scheduled to be built in Phnom Penh next year, will test precious stones and jewelry products sold in Cambodia in order to standardise quality for trade.

The government hopes the centre will improve confidence over the quality of the Kingdom’s stones, after concerns were raised over by traders. read more...

Medvedev signs law on import of precious metals, gemstones

MOSCOW, December 11 (Itar-Tass) -- President Dmitry Medvedev has signed the Federal Law “On Amendments to Articles 10 and 20 of the Federal Law ‘On Precious Metals and Gemstones’ and Articles 6 and 13 of the Federal Law ‘On the Basic Principles of State Regulation of Foreign Economic Activities’” which was adopted by the State Duma on November 26, 2010 and approved by the Federation Council on December 1, the presidential press service said on Saturday, December 11. read more...

Myanmar gem fair nets record $1.4 bln -govt official

YANGON Dec 7 (Reuters) - Gem traders in Myanmar, one of the world's biggest producers of precious stones, took in a record 1.08 billion euros ($1.44 billion) at a 13-day emporium last month, a government official said on Tuesday.

The fair in the capital, Naypyitaw, attracted some 6,700 traders, 4,000 of them from overseas, with 9,157 lots of jade, 273 lots of gems and 237 lots of pearls sold in auctions, said the official, who requested anonymity.

"These are the highest proceeds from a single sale of jade, gems and pearls since 1964," he told Reuters. read more...

India, Thailand trade set to touch $6 bn

Trade between India and Thailand is expected to reach $6 billion this fiscal, a senior Thai diplomat said.

"Last year, trade between the two countries was nearly $5 billion. This year we expect it to grow to $6 billion with trade in gems and jewellery increasing considerably," Thai Consul-General, Mr Tomwit Jarson, told newsmen here.

He was speaking after the signing of a memorandum of understanding (MoU) between the Thai Gems and Jewellery Traders’ Association (TGJTA) and Indian companies Re and Lista for showcasing coloured-stone jewellery from Thailand at an exhibition to be held in Mumbai.

Mr Jarson calculated that gems and jewellery would contribute to nearly 10 per cent of the total bilateral trade this year.

"Apart from diamonds, today there is a huge demand for coloured-stone jewellery by Indians. Thailand is one of the major suppliers of these precious coloured stones. The exhibition will bring together jewellery traders of India close to TGJTA to enhance the import-export relationship between the two countries," the Association’s Vice-President, Mr Atul Jogani, said.

The total gems and jewellery market in India is nearly $25 billion, of which the country exports nearly $19 billion of jewellery, Mr Jogani said. "The market is expected to grow at around 10 per cent year-on-year," he added. read more...

Source: Exim News Service: Mumbai, Dec. 2

Thai Gem to Launch Gems & Jewelry Distribution Center in Mumbai

Bangkok, November 24, 2010 - Thai Gem & Jewelry Traders Association (TGJTA) today announced the launching of the first Thailand gems & jewelry distribution overseas in Mumbai, India to be officialy open on December 1, 2010.

Thai Gem & Jewelry Traders Association entered into an agreement with ACKRUTI read more...

NRF: Black Friday Weekend Sees Bigger Crowds, $45 Billion in Spending

Number of Thanksgiving Day, Early Bird Shoppers Soar-

Washington, November 28, 2010 – With one of the biggest shopping days of the year under their belts, retailers have reason to smile. According to a National Retail Federation survey conducted over the weekend by BIGresearch, more shoppers visited stores and websites over Black Friday weekend – and spent more – than a year ago.

According to the survey, 212 million shoppers visited stores and websites over Black Friday weekend*, up from 195 million last year. People also spent more, with the average shopper this weekend spending $365.34, up from last year’s $343.31. Total spending reached an estimated $45.0 billion. read more...

Jewels: The London Sale

The top lot in the December 1st Jewels: The London Sale was a 9.20 ct Burmese ruby ring, at US$366,000 per ct, which realized US$3,367,200. Christie's description of the ring noted a circular-shaped ruby weighing 9.20 carats between pear-shaped diamond shoulders to the openwork gallery and plain hoop, circa 1910, in pink leather Garrard & Co. case, and was accompanied by report No. 57833 dated 12 November 2010 from the SSEF Swiss Gemmological Institute stating the ruby is of Burmese origin, with no indications of heating.

Keith Penton, Head of Jewels, Christie’s London commented on the sale, “This auction highlights Christie’s longstanding tradition of selling the most important royal, aristocratic and historic jewels. The Property from the Portland Collection exemplifies an extremely rare group of ancestral jewels offered directly to the market for the first time. Sparking fierce competition, these lots tripled their pre-sale estimate, selling 100% and achieving £8,651,350. International clients from 26 countries competed throughout the auction, in the room, on Christie’s LiveTM and with over 100 registered telephone bidders.” read more...

Photo Credit: CHRISTIE'S IMAGES LTD. 2010

 

Rare Pink Diamond Bought by Graff for Record $46 Million at Geneva Auction

Graff’s telephone bid for the pink stone beat an estimate of 27 million francs to 38 million francs at Sotheby’s, Geneva.
Laurence Graff, a London jewelry dealer, last night bought a diamond in a Swiss sale for 45.4 million francs ($45.6 million), a record for any gem at auction. read more...

 

 

Disney Collaborates with Fine Jewelry Designer on some Maleficient Sparkles

E-mail Print PDF

dragon ring, all images courtesy of Crow’s Nest Jewels.Fine jewelry brand Crow’s Nest illustrates key elements from Walt Disney’s upcoming blockbuster Maleficient with something sparkling! A limited-edition collection of jewelry was created exclusively for the film starring Angelina Jolie and Elle Fanning.

Thorns, horns, dragons, feathers and fire have been translated into an exquisite seven-piece collection of statement rings, bracelets and ear cuff. Each intricate piece is set in rhodium with black diamonds, featuring a pear shaped onyx stone in contrast to green tsavorite. The hero fire ring is set with red and yellow sapphires in gold.

“The Maleficient collection has enabled me to create a collection that is dramatic and beyond anything I could have ever imagined. It’s fierce,” said Belevitch, who is also the founder and creative director of Crow’s Nest.

Maleficient is directed by double Oscar winning director Robert Stromberg. It explores the untold story of Disney’s most iconic villain from the classic Sleeping Beauty and the elements of her betrayal that ultimately turn her pure heart to stone.



 

ICA Sheds Light on Colored Gemstones in HKTDC Interviews

E-mail Print PDF

Tanzanite 101 with ICA president Benjamin Hackman

Tanzanite, the blue variety of the mineral zoisite, commands a great deal of attention for its beauty and rarity. Demand for this natural gemstone has been growing in recent years, particularly from China. Here, Hackman talks about the features, value and availability of tanzanite and how is it different from sapphires in an interview at the Hong Kong International Diamond, Gem and Pearl Show in March 2014.

 

 

ICA China Special Task Force Chairman Yu Xiaojin talks about the Colored Gemstone Market (in Mandarin Chinese)

The inaugural Hong Kong International Diamond, Gem & Pearl Show hosted more than 1,500 exhibitors and 29,000 visitors this year. The promotional video features the profiles of several exhibitors and a brief discussion on the colored gemstone market.  Towards the end of the video, Yu noted that in addition to ruby, sapphires and emerald, tanzanite, (red) spinels and tsavorite are also nabbing a lot of attention in China.

 

 

Zambia receives USD 2 million dividends from Kagem

E-mail Print PDF

The Government of the Republic of Zambia, a 25-percent shareholder in Kagem Mining Limited, received its K10.94 million (about USD 2 million) share of the K41.6 million(about USD 8 million) dividends declared by the emerald mining company.

“This is the first dividend paid by Kagem in its 29 year history and the first such payment to the Government from any gemstone operating in Zambia,” said Minister of Finance Alexander Chikwanda in Lusaka.

Chikwanda added that Kagem needs to expand its operations significantly and partner with Government to increase its capital stocks in its efforts to alleviate poverty.

Back in 2008, when London-listed Gemfields Plc. first acquired a 75-percent beneficial interest of Kagem, the mining company was loss-making and its total annual sales was approximately USD 8.9 million, broadly the same as the dividend now being paid. It then implemented a pioneering incentive scheme, paying bonuses to all Kagem employees for each month in which pre-determined emerald productions thresholds are reached, according to London Stock Exchange.

“Kagem is the flag bearer of the Zambian gemstone sector, and one of the finest examples of what can be achieved in partnerships between government and foreign investors in the mining sphere,” said Gemfields CEO Ian Harebottle.

 

Breathtaking Jewels by JAR on View at Metropolitan Museum

E-mail Print PDF

No retrospective of any contemporary artist of gems has ever been featured in the Metropolitan Museum of Art, until now. Through March 9, 2014, the Museum displays more than 400 works by renowned jewelry designer Joel A. Rosenthal, who are better known by his initials JAR. The exhibition is the first retrospective in the United States of his work.

“We are not afraid of any materials,” said Rosenthal. The designer takes unique approach. He uses metals as strong as platinum and as lightweight as aluminum as bases. Rosenthal also reintroduced the use of silver in fine jewelry making and blackened the metal to enhance the color of the stones and the shine of the diamonds. His two significant design themes are flowers and butterflies, often in the form of brooches.

 

"A Quest for Beauty – The Art of Van Cleef & Arpels Exhibition" Spans over 100 Years of History

E-mail Print PDF

“A Quest for Beauty: The Art of Van Cleef & Arpels”, a heritage exhibition, is showcasing more than 200 pieces of watches, precious accessories, archive drawings and documents at the Bowers Museum in Santa Ana, California through February 15, 2014. The exhibition is built around four themes of ‘Nature’, ‘Elegance’, ‘Exoticism’ and ‘Femininity’, spanning over 100 years of the French High Jewelry Maison’s history. Visitors will have the chance to be immersed in the Maison’s virtuoso craftsmanship as well as the stories attached to some of the creations.

Here is a look at some of the displays and the stories behind.

 

Faberge Eggs Museum Opens in Russia

E-mail Print PDF

Starting from December, residents and guests can admire the precious Faberge eggs collection in Saint Petersburg. The new Faberge Museum located in the famed Shuvalov Palace, displaying nine of the eggs once given as Easter gifts by the royal family, together with some four thousand pieces of objects d’art jewels from paintings to cigar cases.

The opening ceremony was hosted on November 19 and attended by the Russian billionaire Viktor Vekselberg and Culture Minister Vladimir Medinsky.

 

Spread the Secret: the $ 10 million Royal Fantasy Bra unveiled by Victoria’s Secret

E-mail Print PDF

Valued at $10 million, the Royal Fantasy Bra and Belt designed exclusively for Victoria’s Secret by world-renowned jeweler Mouawad was introduced in time for the holiday season. The bra is handset in 18 karat gold, featuring a 52 karat and pear shaped center ruby. The two pieces are adorned with over 4,200 precious gems from around the world including rubies, diamonds, and yellow sapphires.

Victoria’s Secret Angel Candice Swanepoel will model the Fantasy Bra in the 2013 Victoria’s Secret Dreams & Fantasies Catalogue and the Victoria’s Secret Fashion Show airing December 10th on the CBS television network.


Victoria’s Secret Angel Candice Swanepoel in The Royal Fantasy Bra valued at $10 million. Photo credit of Victoria's Secret and/or its affiliates.

 
  • «
  •  Start 
  •  Prev 
  •  1 
  •  2 
  •  3 
  •  4 
  •  5 
  •  6 
  •  7 
  •  8 
  •  Next 
  •  End 
  • »
Page 1 of 8

Banner
Banner
Banner
Banner
Banner
Banner