The Israeli Diamond Industry, represented by the Israel Diamond Institute (IDI), the Israel Diamond Exchange (IDE) and the Israel Diamond Manufacturers Association (IsDMA), has exchanged official letters of cooperation with the Panyu People’s Government. This came at the culmination of a visit by a senior delegation from Panyu to the Israeli Diamond Industry. The letters [...]
Strength by Luxury Goods Shoppers in Asia and Online Bring Glimmers of Hope to Beleagured Industry, Says Bain & Company
Buoyed by a projected 12% year-over-year increase in sales in 2009 in mainland China and 20% growth of sales online, the decline for the worldwide luxury goods industry will be less than expected in 2009 and poised for 1% overall positive sales growth in 2010; this is according to findings from the 8th edition of [...]
Shanghai Diamond Exchange Moves to China Diamond Exchange Center
On October 19, 2009, the Shanghai Diamond Exchange started to move to the China Diamond Exchange Center. The new address is No.1701 Century Bonlevard, Pu Dong New Area,Shanghai,China 200122, and tel：86-21-50158333. In order to ensure the move went well, the SDE installed a suggestion box in the Trade Hall.
2009 Asia Diamond Focus – Shining a Light on the Future
Suffering from global economic recession, the international diamond market encounters a strong impact, it is indisputable that the diamond industry has been dragged into recession by the weak demand. In great contrast, the emerging Asian market grows energetically. According to relevant statistics, China diamond import and export volume reached $0.69 billion, up 6.9% on last [...]
Rio Tinto Details Shanghai Employees Detentions
Rio Tinto says it has been advised that the Chinese authorities have announced the grounds for the arrest of the four Rio Tinto Shanghai employees who have been detained. While Rio Tinto understands that no formal charges have been laid, an arrest warrant has been issued that enables the authorities to continue the detention of [...]
Raid Nets Over 26,000 Pieces of Counterfeit Tiffany Jewelry
Acting on complaints by Tiffany & Co., the Luohu Branch of Shenzhen Bureau of Quality and Technical Supervision, working in conjunction with Chang Tsi & Partners, took action on June 16 against an establishment responsible for production and distribution of counterfeit Tiffany & Co jewelry. Officials seized over 26,000 items of counterfeit Tiffany & [...]
Research: Prices for Synthetic Diamond Products to Decline
While global industrial diamond consumption will continue to grow, constant dollar prices for synthetic diamond products, including CVD diamond films, will decline due to more cost effective production technologies and high competition between low-cost producers in China and Russia, says a report by Merchant Research and Consulting, Ltd. Today industrial diamond is produced in 31 [...]
Rio Tinto Staff Detained in China Facing Allegations of Stealing State Secrets
Stern Hu, the chief representative of Rio Tinto in Shanghai, China, has been detained on criminal charges of gathering and stealing state secrets by Chinese national security authorities, says China’s Foreign Ministry Spokesperson Qin Gang. Qin Gang says that an investigation into the case is underway. “The competent authorities of China took actions in accordance [...]
Report Finds Emerging Markets Driving Growth in Global Gem and Jewelry Market
The global gem and jewelry industry over the past decade has witnessed significant changes and exhibited growth, on account of increasing income as well as demand from the emerging economies across the world, finds a new report. Among the various types of jewelry, plain diamond jewelry accounted for the largest share of the global jewelry [...]
The Forevermark Precious Collection Unveiled in China
Forevermark has unveil the exclusive, and much anticipated, Forevermark Precious Collection in China. Francois Delage CEO Forevermark, Jiang Qiong Er, Alan Chan, Bao Bao Wan, Barney Cheng, Cindy Chao, Theo Fennell at the Forevermark Precious Collection™ launch in China Behind every Forevermark diamond is a precious story. Since the beginning of time, diamonds have inspired [...]