pOne of the items on auction at the Sothebys Hong Kong April sale will be a De Beers Millennium Jewel: A pear-shaped internally flawless fancy vivid blue diamond ring weighing 5.16 carats. The estimate is between US$4.6-5.8 million./p
pMr. Kevin Ching, Chief Executive Officer, Sothebyrsquo;s Asia, says, ldquo;Our last Autumn Sales totalled a stunning 88% above [...]
Asia
De Beers 5.16 Carat Millennium Blue Diamond Has Estimate of up to $5.8 Million for Sothebys Auction
China
GIA Offers Laboratory Services During the Hong Kong International Jewellery Show
pThe Gemological Institute of America (GIA) Show Service Laboratory will offer diamond and colored stone services during the upcoming Hong Kong International Jewellery Show taking place March 5ndash;9./p
pThe GIA Show Service Laboratory is a convenient and mobile version of a GIA Laboratory that can provide trade show participants with the gemstone grading and identification services [...]
Company News
507 Carat Cullinan Heritage Diamond Sells for US$35.3 Million to Chow Tai Fook of Hong Kong
pPetra Diamonds Limited has announced that the 507 carat Cullinan Heritage has been sold for US$35.3 million, the highest sale price on record ever achieved for a rough diamond./p
pThe diamond was sold on tender in South Africa and was purchased by Chow Tai Fook Jewellery Company Limited, Hong Kong. The purchaser has not at this [...]
Asia
AWDC Pavilion to be one of the largest at Hong Kong International Show
pIn a further indication of the growing importance of the Chinese market, more than 50 Antwerp diamond companies will be exhibiting inthe Antwerp Diamond Pavilion at the March 5-9 Hong Kong International Show./p
pThe dedicated website for the Antwerp Diamond pavilion at the Hong Kong International Show is located at a href=http://www.antwerpdp-hk.comwww.antwerpdp-hk.com/a.br /
br /
A growth [...]
Asia
vRio Tinto Diamonds Opening Hong Kong Representative Office
Rio Tinto, one of the world’s leading diamond companies, will be opening a representative office in Hong Kong.
The Hong Kong Representative Office will join Rio Tinto’s diamonds sales and marketing offices in Antwerp, India and the US, to support the marketing of all rough diamonds from Rio Tinto’s mines. Rita Maltez has been appointed to [...]
Asia
Antwerp World Diamond Centre Launches Dedicated Website for Belgian Diamond Companies at Hong Kong Show
In a special initiative aimed at giving diamond buyers from around the world direct access to Antwerp diamond companies, the Antwerp World Diamond Centre (AWDC) has launched a dedicated website featuring information about Belgian exhibitors at next month’s Hong Kong International Show.
The site provides users with an interactive map of the trade fair, which takes [...]
Company News
De Beers 2009 Sales: $3.84 Billion; Company Positioned to Benefit from Market Upturn
In line with most products in the luxury goods sector, the diamond industry was severely affected in 2009 by the global recession. The combination of three principal factors – high stock levels throughout the diamond pipeline, constricted liquidity in the industry, and lower levels of retail and consumer demand – led to substantially lower demand [...]
Company News
New Toolbar Offered for Online Diamond Search
DiamondWorld.Net, a B2B diamond-trading marketplace has introduced a toolbar that enables retailers or buyers to easily search for diamonds online. The toolbar is the first of its kind for diamond buyers across the world.
Through the toolbar, buyers and retailers can make a quick diamond search of certified and non-certified from more than 200,000 listings from [...]
Americas
Gemological Institute of America Responds to Counterfeit Grading Report in Hong Kong
The Gemological Institute of America (GIA) is responding to the discovery of a counterfeit GIA report in Hong Kong that has been traced back to Antwerp. The bogus document, which resembles an authentic GIA report, was taken out of circulation and is in the Institute’s possession.
GIA takes these violations very seriously and is actively engaged [...]
Africa
VL Holdings to Act as Exclusive Distributor of Konoma Alluvial Diamond Operation in Sierra Leone re Agreement with Obtala Resources
Obtala Resources plc (AIM:OBT), which invests in and develops mineral assets,has signed a Distribution Agreement with VL Holdings Limited (VL), of Hong Kong, whereby VL will act as the sole distributor for the diamond production from the newly acquired Konoma alluvial diamond operation in Sierra Leone.
Under the terms of the agreement VL will act as [...]
China
21 Indian Nationals Detained in China for Illegal Transportation of Diamonds from Hong Kong to Shenzhen
21 Indian nationals have been charged with the illegal transportation of diamonds from Hong Kong to Shenzhen by the Anti–Smuggling Bureau of Shenzhen Customs in China.
The Indian Embassy in Beijing has approached the Chinese authorities seeking consular access to the Indian nationals, as provided for, in a Memorandum of Understanding (MoU) on consular matters of [...]
Americas
Sotheby’s Sale of Magnificent Jewels Brings $30,582,751 ; Strong Prices Achieved for White Diamonds
Sotheby’s sale of Magnificent Jewels brought a total of $30,582,751, exceeding the pre-sale estimate of $20/26 million and achieving the second highest total for a various owners sale of Jewelry at Sotheby’s New York since 1995. The sale was 88.4% sold by lot and 91.9% sold by value, with white diamonds [...]
