IDEX Online - Polished Market

Tiffany Sales Up in Q1, Profit Hurt by Poor U.S. Performance

Thu, 24 May 2012 07:36:00 GMT

Tiffany & Co.'s net sales in the first quarter increased 8 percent to $819 million, though net earning improved by only 1 percent, the company reported Thursday.

Chinese Diamond Jewelry Desire Strengthening

Thu, 24 May 2012 06:41:00 GMT

(IDEX Online News) – Chinese jewelry buyers are no longer restricting their diamond purchases solely for bridal or investment purposes. That, and other key findings, are the results of a market research commissioned by Rio Tinto that confirms the growing trend towards diamond fashion jewelry in China.

Is the De Beers Class Action Suit Nearing Conclusion?

Thu, 24 May 2012 06:04:00 GMT

The ongoing saga of the nearly $300 million De Beers keeps dragging through various courts, but an end may be in sight. On Monday, the U.S. Supreme Court denied the final petition for review in the De Beers Class action settlement.

The IDEX Online Polished Price Report for May 24, 2012

Thu, 24 May 2012 05:11:00 GMT

Polished prices were rather stable this week, partially due to very low levels of trading activities. The limited business is uncharacteristic for this time of the year, when traders usually roundup goods for the large JCK Las Vegas trade show.

SDX to Offer Diamond Portfolios to HNW Investors

Thu, 24 May 2012 04:16:00 GMT

Knowing that more investors are looking for alternative venues to store their wealth, Singapore Diamond Exchange (SDX) is offering diamond portfolios starting at $250,000, going up to over $1 million.

Lazare Kaplan Announces The Lazare Ongoma Education Initiative

Thu, 24 May 2012 03:22:00 GMT

Lazare Kaplan International Inc. (LKI) yesterday (Wednesday) announced the launch of its The Lazare Ongoma Initiative (LOI), which will focus on education in Africa through the support of the Five Rand Primary School in Okahandja, Namibia.

Continued Decline in India's Polished Trade, Exports Slashed

Wed, 23 May 2012 03:54:00 GMT

India's exports of polished diamonds continue to decline, and the new import tax is not the full reason for it. India's polished diamond exports fell not only compared to the previous year, but also dropped compared to the preceding month.

GSI Opens Grading Lab Inside Bharat Diamond Bourse

Tue, 22 May 2012 10:37:00 GMT

Gemological Science International (GSI) opened a new grading lab inside Mumbai’s Bharat Diamond Bourse (BDB).

Hundreds of Undisclosed Lab-Made Diamonds Detected, Fears Many More Are Circulating

Tue, 22 May 2012 04:26:00 GMT

Concerns are rising that a large number of undisclosed lab-made diamonds are circulating in the market. Suspicions were raised after IGI detected a batch of such items a few weeks ago, according to Chaim Even-Zohar. The goods have VVS-VS clarities, leading to suspicions that the purpose of creating the diamonds was to have them misidentified as natural diamonds.

Diamond Circle Capital Rejects Takeover Bid, Proposes Liquidation

Mon, 21 May 2012 05:24:00 GMT

The board of Diamond Circle Capital is recommending shareholders to reject a takeover bid that greatly undervalues their shares and diamond inventory of the fund.