diamonds

Throughout the first six months of 2014, both polished exports as well as imports rose about 6 percent which was exceeding even the levels seen during the speculative boom of the first half of 2011. Net polished exports also grew about 24 percent to $173 million. Dealers analyzing the situation note that the market in in fact in a far healthier position than it was in 011 when the boost in the trading aspect of the market in the first half of the year was driven by speculation and subsequently downturned to a rend tat is still relevant and evident to date.

Sales at both the Hong Kong and Macau locations reported a 9 percent decline from the previous year. It should be noted that group sales rose 22% in the fourth quarter, slowing from a 26 percent increase. Strong retail jewelry and diamond sales have been reported from their mainland China headquarters.

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.

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.

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.

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.

Since diamonds have been separated into four distinct subtypes: Ia, IIa, Ib, and IIb there has been a misuse and overuse of the term type IIa especially when the Indian mine Golconda is mentioned. It is without a doubt that the Golconda mine has produced some of the finest diamond material in the world however not all diamonds retrieved from the Golconda mine are type IIa.

The Herald reported that the auditors found dubious procurement figures for the managements personal gain. "There are indications that management may have been doing that in connivance with officials from other sectors of ministry.

It will be organized under the "AJA Holding" company. Its goal is to promote growth and exports by encouraging international foreign direct investment for jewelry, precious stones and watch industry. Between January and November 2013, the volume of diamond production in Armenia increased 48% year on year to 78,871 carats. Belgium, China and Russia are the largest buyers of diamonds from Armenia.

Northern metropolitan areas in India are seeing a great push in flat and rose cut diamond sales are most of the ethnic style of Indian design, known as jadau, in wedding jewelry or offbeat designer pieces uses these stones. Diamond slices, rose cuts and flats are used in the majority of reproduction Indian and European jewelry design, which is a current rage. Citing a trend he noticed at the Jaipur Jewllery Show, "95 percent of the booths were displaying flat diamond jewelry in either a 24 karat jadau look or with silver and 14 karat gold in Victorian and European styles.