The Diamond Producers Association announced the launch of their operations in the country to build confidence among consumers.
India polishes 85 90 percent of the diamonds today accounts for only seven percent of the global polished diamond consumption. DPA believe this is a huge opportunity to build the India market by promoting the integrity and reputation of diamonds and ensuring the sustainability of the industry.
DPA has reached out to 3,000 retailers and will offer training and education in diamonds. DPA will expand training across the country.
The DPA is an alliance between ALROSA, De Beers, Dominion Diamond, Gem Diamonds, Lucara Diamond, Petra Diamonds and Rio Tinto. These are the leading diamond miners globally. Which together produce over 75 percent of the world’s rough diamond production.
DPA is also working with the Gem and Jewellery Export Promotion Council to build trade relationships and best trade practices.
There are a number of ways to verify that your diamond matches the diamond certificate it is purchased with. If you purchased a diamond that is laser inscribed, ask your jeweller to show you the laser inscription under magnification. This way, you will always be able to identify the diamond as your own.
DCLA also performs a verification service, for both DCLA certified diamonds and for diamonds certified by other internationally recognised laboratories. Bring or send your diamond, together with the diamond grading certificate, to the DCLA laboratory and the diamond will be conclusively matched against the certificate. DCLA can then cold laser inscribe the diamond with either the diamond grading certificate number, or with a personalised message.
Ask the jeweller if the diamond certificate comes from an independent diamond laboratory or if it produced by a diamond merchant or retailer, then do your research. Make sure the certificate is issued by the DCLA or another highly respected diamond grading laboratory; DCLA is the only diamond grading laboratory worldwide to offer a full-replacement Diamond Grading Guarantee.
Petra Diamonds announced that it had recovered a 138.57-carat, Type IIa, D-colour diamond at its historic Cullinan mine near Pretoria in South Africa. The company said the diamond would be offered for sale in Johannesburg later this month.
De Beers which produces thirty percent of world rough diamonds has cut prices by 10 percent for the sight.
This comes after two reductions in its annual production output by 15 percent failed to slow slump in prices of rough.
Rough diamond prices have dropped 14 percent in some categories and are in their fifth consecutive quarterly loss, which is the longest in a decade.
De Beers cut the size of the sight to $250 million and reduced the prices by 9 percent, according to sight holders.
De Beers has also contributed tens of millions to a jewellery advertising campaign. Its advertising campaign will promote diamond jewellery in the U.S. and to Chinese consumers.
Twelve Indian diamond companies including Kiran Gems, Asian Star and Rosy Blue India, have signed three year contracts with ALROSA at the World Diamond Conference,
Each of the companies signed separate contracts with ALROSA and will buy rough diamonds worth USD 2.1 billion or about USD 700 million per year for a period of three years. This will assist the companies save considerable amount of commissions.
Simple reason is online sales don’t have the expense of retail location, security and personnel.
All of these add to the cost of the diamond, but not the value.
But before you do buy, ask these questions.
Do all online diamond sellers ship free of charge?
Can you view before buying, if you wish?
Is the diamond certified by an IDC or equally highly recognised Laboratory?
Is the diamonds quality guaranteed?
Only at the DCLA Diamond Exchange the answer is yes to all these questions.
The Diamonds are certified by the best laboratories in the world and are Fully Guaranteed.
The shipping is Free across Australia.
And most important, a trained diamond grader will personally show you all the diamonds attributes, as well as explain all the details so that you understand and make an educated decision before you buy.
This is all done as a free service complements of the DCLA laboratory which is the only qualified and state of the art IDC Laboratory in Australia.
Inventory at Sotheby’s rose significantly due to acquisition of the Pink Star, renamed the Pink Dream the 59.60 ct, internally flawless, fancy vivid pink diamond which was sold to diamond cutter Isaac Wolf in November for $83,187,381 USD. The reason Sotheby’s acquired the rare stone is due to Wolf’s default.
Sotheby’s are quite comfortable with their valuation and comfortable in owning it at this price. Sotheby’s is currently pursuing a resolution with the buyer, while also considering other alternatives against the default.
The new HRD Antwerp lab is located in the heart of the new diamond district.
HRD offers quality certification services in accordance with the IDC that reflect its pledge to ensure compliance with the same stringent quality standards applied in Antwerp, where its parent lab is located. The new facility is staffed with both local and Antwerp expert gemmologists.
