A new exhibition of jewelry, cameos and artifacts carved from gemstones will open at the Harry Oppenheimer Diamond Museum here next month. Entitled “And thou shalt breathe life into a gem”, the exhibition is based on the work of master carvers in Idar-Oberstein, Germany, and is the result of cooperation with the Deutsches Edelsteinmuseum there. [...]
Company News
Jeweler Damas announces full year net profit of AED 9.7 million, before significant one-offs
Damas International Limited (Damas), the leading retail jewellery company in the Middle East, has announced its financial results for the 12 months ending March 31, 2010, demonstrating the strength of its core operations despite challenging conditions facing the gold and jewellery sector worldwide.
For the 12 months ending March 31, 2010, Damas reported a net profit [...]
India
Israeli Diamond Industry Reaches Out to India at IIJS Mumbai
The Israeli Diamond Industry is once again participating in the India International Jewelry Show (IIJS) to be held in Mumbai from August 19 – 23, 2010. An Israel Diamond Pavilion, organized by the Israel Diamond Institute Group of Companies (IDI) will include 7 Israeli companies. This is the third time that IDI has organized a [...]
Industry News
Pure Gold Jewellers posts 55% increase in first-half sales in diamond jewellery
Award-winning jewellery retailer Pure Gold Jewellers reported a 55% increase in diamond jewellery sales during the first half of 2010 compared to the same period last year. The sales growth is attributed to the aggressive in-store promotions that the retailer launched since the beginning of the year targeting jewellery lovers.”We are pleased to report [...]
Asia
Israel to Hold Kimberley Process Intersessional Meeting
As Chair of the Kimberley Process (KP) for 2010, Israel will hold the annual Intersessional Meeting from June 21 – 23, 2010 in Tel Aviv.
Boaz Hirsch is Chairman of the Kimberley Process on behalf of Israel’s Ministry of Industry, Trade and Labor. The Intersessional Meeting is being held in preparation for the Plenary Meeting, to [...]
Asia
The Jovella Jewelry Exhibition in Tel Aviv to Attract International Buyers
The Jovella Jewelry Exhibition, the international jewelry trade exhibition held annually in Tel Aviv, is expected this year to attract hundreds of buyers from abroad. The exhibition which is being sponsored by the Israel Diamond Institute Group of Companies (IDI), the Israel Ministry of Industry, Trade and Labor, the Israel Export and International Cooperation Institute [...]
Americas
The Israeli Diamond Industry Hosts Panama’s Minister of Commerce and Industry
Panama’s Minister of Commerce and Industry Roberto Henriquez was the guest of honor at a luncheon hosted by the Israel Diamond Institute Group of Companies (IDI) in Ramat Gan yesterday. The Minister was accompanied by the Vice Minister of Foreign Trade Jose Domingo Arias and the Ambassador of Panama in Israel Roberto Arango. All three [...]
Industry Organisations
Israeli Diamond Industry Launches New ‘Responsibility is Good. Business.’ Campaign
The Israeli Diamond Industry’s annual press lunch at BASELWORLD held today, revealed the new strategic direction of the industry for 2010. Israel Diamond Institute Group of Companies (IDI) Managing Director Eli Avidar introduced the new campaign: “Responsibility is Good. Business”.
The lunch took place at the Basel Convention Center, in the Osaka – Samarkand Congress Room. [...]
Industry Organisations
Speech by Israel’s Deputy Minister of Industry, Trade & Labor at IDI BASELWORLD
It is my pleasure to address all of you on this special occasion of the IDI’s annual press conference.
No country has been left untouched by the global economic crisis. The Israeli economy also felt the repercussions of the international economic downturn, with rising unemployment, decreasing exports and a total decline in productivity. After 4 consequent [...]
Industry News
GIA Conducts First Bahrain Classes
The Gemological Institute of America (GIA) Middle East, LLC., recently conducted Gem Identification and Colored Stone Grading Lab classes in Bahrain. The week-long classes, which took place at the Ministry of Industry & Commerce, Kingdom of Bahrain with government cooperation and support of the Bahrain Laboratory, concluded on Feb. 9.
Sixteen students completed the Gem Identification [...]
Africa
U.S Diamond Jewelry Accounts for 55% of Total Jewellery Sales Says New Report
The report ‘Worldwide Jewelery Market Demand and Opportunities’ covers global gems and jewellery industry structure, market size, trends and opportunities prevailing. In terms of geography the report covers the United States, which accounts for the largest percentage of the market, European Union including Romania, Bulgaria and Germany.
The structure of the jewellery industry is global in [...]
Company News
Sanjay Kalsi Appointed Interim Acting CEO of Damas
Sanjay Kalsi has been appointeded to the position of Interim Acting Chief Executive Officer, from his previous position as Chief Financial Officer with Damas International Limited. Sanjay Kalsi has extensive experience in banking and management consultancy and has already established a positive and cooperative relationship with the management team and the creditor banks.
Dinish Dhanak has [...]
