Diamonds, Loose Diamonds, Engagement Rings, Los Angeles

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  1. Diamond Industry Forecast

    Goldberg says, "it's been a bit quieter because of the turmoil going on with Russia." Noting that Russian buying has declined since the trouble began. President of Fischer Diamonds Inc., a diamond manufacturer in New York City said, "if the hotheads in Washington were to invoke serious sanctions on Russian products or put obstacles in place for Russian goods than the compliance machinery starts to come into play, adding complications an already complicated business."
  2. Diamond Jewelry Appraisal

    President and chief executive officer (CEO), as well as general counsel of the Jewelers Vigilance Committee (JVC), Cecelia Gardner, explains "if you hold yourself to be an expert, you are legally responsible for the opinion you render." She goes on to explain that sellers often times are willing to inflate value to conclude a deal or simply because gems and jewelry have emotional and historical value in addition to their intrinsic more, approximately 10 percent of complaints received at the Jewelers Vigilance Committee involved inflated or fraudulent appraisals.
  3. Wholesale Diamond Industry

    Following the diamond trade show, diamond trading on secondary wholesale market slightly slowed as dealers noted that demand for clean diamonds while decreased while demand for low end goods increased. Many dealers noted that they purchased lower quality goods because there is no need for certification while better quality diamonds require GIA certificates and therefore require more time for turnaround.
  4. Diamond Jewelry Industry

    The Jewelers Security Alliance also known as the JSA reported that the dollar losses from jewelry related crime increased 10.5 percent on the year to $66.5 million in 2013. In 2012, while there were more multimillion dollar losses during the year the total number of crimes were less at 8.1% or 1,414 reported cases.
  5. GIA Certified

    The demand for consistency when reading diamonds was paramount to GIA's goal of providing a standardized system for grading. The Gemological Institute of America spent countless hours refining and perfecting the viewing environment and lights used to create the most consistent grading situation possible.
  6. GIA

    He worked with the industry to establish the increments, selecting the master stones and setting the color scale. That scale was used primarily for gemology students learning how to grading diamonds until the early 1960s.
  7. Russian Diamond Industry

    Managed by investor Mark Mobius, the Templeton Russia and East European Fund became shareholders of ALROSA in the fourth quarter of 2013; the company's acquired 1,995,400 ordinary shares. Interfax reported that these shares make up .03% of ALROSA's stock and were valued at $2.2 million.
  8. Jewelry Trade Show

    This phenomenon is partially due to the ship of production from the mine main pipeline higher grade, higher value satellite pipe. Diamonds from the Letseng mine increased 49 percent year-to-year from $2533 per carat in the fourth quarter, to $2673 per carat at its first tender in 2014. Likewise, Petra Diamonds explained that the rough diamond market firmed up toward the end of 2013 and the company did well at its February 2014 diamond tender
  9. Chinese Diamond Industry

    The Gemological Institute of America (GIA) has been working with the World Federation of Diamond Bourses (WFDB) along with the Chinese diamond industry to locate and identify bourses that will receive its coveted Diamondcheck technology, a synthetic diamond detector recently introduced by the Gemological Institute of America (GIA).
  10. ALROSA

    The Aikhal Mining and Processing Division also contributed significantly with its production of 12.08 million carats of diamonds with its production, a 3 million carats increase in production from the previous year. Some of this success is attributed to a diamond rich level of ore at Jubilee pipe. These two pipes represent 33 percent of ALROSA's overall production volume. Aikhal's underground mine reached its project capacity of 3 million carats, which is a 22 percent increase from the prior year.

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