Thursday, July 31, 2008

Diamonds : New Certified Diamonds VVS1

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Set The Standard
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ALL OUR DIAMONDS ARE IN STOCK

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Stock# RBC 501 Round Brilliant 1.05 carats Colour E Clarity VVS1 Ex/VG DCLA#162679 AUD$22,814 GST Inclusive

Stock# RBC 502 Round Brilliant 1.34 carats Colour D Clarity SI1 VG/Ex DCLA#162681 AUD$12,727 GST Inclusive

Stock# RBC 503 Round Brilliant 0.42 carat Colour E Clarity VVS1 Ex/Ex DCLA#162680 AUD$2,079 GST Inclusive

Stock# FS 465 Oval Brilliant 1.33 carats Colour D Clarity VS1 VG DCLA#162682
AUD$12,980 GST Inclusive

Stock# FS 466 Cushion Cut 0.88 carat Colour D Clarity VVS2 VG DCLA#162683
AUD$5,742 GST Inclusive ( " Lucky Chinese Diamond " )

Double 8 is a lucky number in Cantonese.

According to the official auditing firm of the Beijing Games, China will win 88 of these.

A big international accounting firm has released a report saying that China’s all-out push to win the medal count at its own Olympics will pay off. The study, released at the London office of PricewaterhouseCoopers over the weekend, predicts that China’s athletes will win 88 overall medals, one more than the United States, and finish with the most medals at the Beijing Games.

(Reuters/BOCOG)


Beat expected prices.

Prices may change without notification

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Today in History 1st August 1920

Formation of British Communist Party.

Ladies It's Okay to Pop the Question

The summer wedding season is the time when many couples-to-be first become engaged. Nearly half of Americans believe it's fine for a woman to ask a man to marry her, according to a survey conducted by I Do Now I Don't.
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July 30, 2008 -- Once upon a time a man would get down on one knee to ask his girlfriend the most important question he will ever ask: the proposal of marriage. It was tradition, but these days "untraditional" has become the new tradition.
Today, according to a survey by I Do Now I Don't it has become completely acceptable for a woman to propose marriage to a man and to help split the cost of the engagement ring.

The study conducted found that 47% of Americans believe it is completely acceptable for a woman to ask a man for his hand in marriage, 34% think its fine but only under certain circumstances, and a mere 18% felt it was wrong.

When asked about engagement rings 63% of respondents thought that it was OK for the bride to be to split the cost of the engagement ring with her fiancé.

In the past, women were only allowed one day to propose marriage to a man: the 29th of February, which only happens every four years. Some legends say that this tradition began in Ireland during the 5th century when St. Patrick pronounced that a woman can propose to a man during a leap year. We know for sure that in 1288, Scotland made it legal for women to do the proposing during a Leap Year.

Men traditionally pay for the engagement ring. This tradition originated when the man had a family heirloom to give to his bride. Today the ring is usually purchased prior to the proposal. With so many couples are already sharing a home and expenses, there is no reason why they shouldn't be sharing the expense of the engagement ring as well. In fact, I Do Now I Don't survey found that 2 out 3 people believe it's okay for a woman to split the cost of the ring especially if the groom-to-be can't afford it.

Whenever and however these traditions started one thing remains true, we've sure come a long, long way! In this generation, not only are men not getting down on one knee to propose marriage, they may not even have to do the asking.

Future brides are taking matters into their own hands. Whether its setting the date, asking for his hand in marriage or picking on the ring, women are taking charge

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Today in History 31st July 1910

Dr Crippen, wanted for the murder of his wife, is arrested aboard the SS Montrose as it docks at Quebec, Canada at the end of its voyage from Britain. The first criminal to be caught by the use of radio.

1951 Born Australian tennis player Evonne Goolagong.

Tuesday, July 29, 2008

De Beers Launches Diamond Grading Service


Independent Diamond Grading ?
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How does this affect the status
of
diamond grading laboratories worldwide?
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"No smart buyer should buy gemstones based on in-house reports or appraisals done by the seller. Independent grading laboratories will always be in demand by savvy consumers. And independent labs and
[ ethical ] sellers will do all they can to make consumers aware of this."
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By Avi Krawitz
Posted: 07/28/08
RAPAPORT... De Beers announced Monday that it has opened its first diamond grading laboratories to service its Forevermark brand.

Forevermark, the newly named marketing unit of the De Beers group, chose to locate its first labs in Antwerp, Belgium, and Maidenhead, United Kingdom.

Forevermark diamonds will be optionally graded at the same time that they are inscribed with an icon and unique identification number, De Beers said in a statement, adding that such a service would help reduce time across the diamond pipeline.

" We believe that by offering Forevermark diamantaires the opportunity to have their Forevermark diamond accompanied by a Forevermark grading report, we are meeting the needs of consumers, jewelers and diamantaires," said Francois Delage, CEO of Forevermark.

De Beers officially launched its Forevermark brand in May this year presenting it to select diamantaires and jewelers for partnership, and subsequently renaming its entire marketing department after the brand name.

The company, at the same,also announced plans to offer grading services as part of the Forevermark product.

Each grading report will provide information on the cut, color, clarity and carat of the Forevermark diamond, De Beers explained.

" Buying a Forevermark diamond frees consumers from any concerns about the integrity and quality of the diamond they are purchasing,"Delage said.

Forevermark grading report provides an additional guarantee regarding the qualities of the diamond “ one which we believe consumers want."

De beers also launched its new website for Forevermark diamantaires (www.forevermark.com/diamantaires) proving an easy to use facility where [diamantaires] can track their Forevermark diamonds™ progress throughout the inscribing and grading process,the company announced.

Additional Reading:
Lab Grown Diamonds: Applications V Gems
Diamonds are a physicist's—and perhaps quantum computing's—best friend
FOREVERMARK: THE NEW DE BEERS MONOPOLY?
De Beers: Forevermark to be the World’s Leading Diamond Brand
De Beers Gets Into the Lab Business
De Beers Goes into the Lab Business with Forevermark Part 4
Laboratory Grown Diamonds Take Shape
New BIS Mark Competes Against Forevermark & GIA
Diamond: Molecule of the Month
Hardness:Rhenium Diboride V Diamond
Fake Diamonds for Fake People
GIA Examines the Newest Generation of Apollo CVD Synthetic Diamonds
First CVD Synthetic Diamond Submitted for Dossier Grading to GIA Lab
" DiamondSure " & " DiamondView "
Green Diamonds & Diamond Enhancement : HPHT and Irradiated Diamonds
CIBJO, IDMA, WFDB Issue Joint Statement on Lab-grown Diamonds

NAME THE GIA BRIBERS


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Today in History 29th July

1993 Despite hearing evidence against the man known as 'Ivan the Terrible' in the Nazi prison camps during World War II, the Israeli Supreme Court clears John Demjanjuk of war crimes.
1981 In Britain, Prince Charles, Prince of Wales marries Lady Diana Spencer at
St Paul's Cathedral in London - a ceremony watched by a worldwide television audience of more than 700 million.
1968 Pope Paul VI bans Roman Catholics from all artificial forms of birth control.
1966 British group The Beatles make their last live appearance - in San Francisco.

1890 Dutch artist Vincent van Gogh dies two days after shooting himself at the site of one of his most famous paintings.
1588 The
Spanish Armada - a fleet of more than 125 ships sent from Spain to invade England - is defeated by an English fleet commanded by Lord Howard and Sir Francis Drake.
1565 Mary Queen of Scots marries her cousin, Henry
Stuart, Lord Darnley.
1883 Born Italian Fascist leader Benito
Mussolini.
1974 Died American singer 'Mama' Cass Elliott.

CYRUS JILLA NAMED CEO OF ELEMENT SIX: IS GEM "SYNTHETICS OF CHOICE" COMING FASTER THAN EXPECTED?


Jonathan Oppenheimer
CYRUS JILLA NAMED CEO OF ELEMENT SIX

IS GEM "SYNTHETICS OF CHOICE" COMING FASTER THAN EXPECTED?
25 July 2008
CHAIM EVEN-ZOHAR

Prior to joining Element Six, incoming CEO Cyrus Jilla has spent most of his career with Bain & Company, the global business consultants, most recently as Managing Partner of their London office. He is an acknowledged expert in strategy & company transformations and has strong mergers & acquisitions experience. Cyrus has advised De Beers and the Element Six management since 1999, and he has served as a non-executive director of synthetics company since 2003.

The DTC sightholders know Jilla mostly from his crucial role in designing the Supplier of Choice strategies, the distribution policies of the DTC, and he was deeply involved in the various SOC modifications. Insiders in London speculate that this is a further sign of progress in the entry process of De Beers into the synthetic gem diamond field – a move that seems now being expedited. Jilla will also join the Executive Committee of De Beers.

The present CEO Hultner is known for his business acumen and he brought unprecedented growth to the De Beers Industrials (as Element Six was called previously). He successfully bought Element Six into the US as a trading entity. Actually, the only area where Hultner lacks is strategic gem market thinking. He is also not familiar with the diamond promotion and marketing strategies of the DTC sightholders.
It seems that the one thing that Jilla brings to Element Six beyond what the company has already is gem marketing and distribution strategies. This writer has maintained for the past decade that De Beers will definitely enter into the gem quality synthetic business – it is just a matter of “when”. De Beers possesses the best synthetic know-how and technologies, it produces the best gem quality product, and it would be sheer folly for it to allow the inevitable gem synthetics market to go to others. Why giving up a market share in an area where one enjoys a competitive advantage?

The Jilla appointment probably means that the count-down has commenced – and that the time table has moved forward. It would be my guess that we are now talking about 3-5 years at most. De Beers will gradually have to refine ans entry strategy. My feeling is that it will position its entry as the “savior of the natural market”. By setting prices and controlling strategy, they might increase the entry costs of competitors and position synthetics as a “replacement” only for the cheaper diamonds. The diamond market is much better off having De Beers become the dominant gem synthetics supplier rather than any other party. We’ll hear probably about Chinese walls, etc.
This is, of course, my conjecture and expectation. This is not what Jonathan Oppenheimer is saying publicly. He issued a statement noting that “we are truly delighted that Cyrus has accepted the role as CEO of Element Six. With his service as a non-executive director, Cyrus already has an in-depth knowledge of the business. Cyrus brings extensive strategic and leadership capability that will be invaluable to Element Six in meeting the challenges of the future.”

Element Six has evolved into an enormous company. With a turnover of more than US$500m and almost 4,000 employees, Element Six has established diamond synthetics production and processing plants in China, Germany, Ireland, Sweden, South Africa, Ukraine and the UK supported by a global distribution network.
It is the world’s leading supplier of high quality super-materials used throughout manufacturing industry for a wide range of applications. It is the frontrunner in the development of synthetic diamond and novel engineering materials that are being used in industrial applications that span, for example optical, mechanical, thermal, electronic, automotive, telecommunications and medical industries. It is already a supplier of synthetics to the watch industry. The move to jewelry seems as logic as it is likely. The Cyrus Jilla appointment is undoubtedly a brilliant move by the young Oppenheimer.

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Inventor of man-made diamonds dies at age 88


July 27th, 2008
(KSL News) A prominent Utah scientist who was the first person to create a man-made diamond died at the age of 88.

In 1954, Doctor H. Tracy Hall became the first man to ever create a diamond from carbon.
His creation became the cornerstone of the industrial diamond industry and is now used throughout the world for such things as grinding lenses, cutting concrete and drilling for oil.

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Dr. H. Tracy Hall

H. Tracy Hall, 1955
1919 Born in Ogden, UT
1939 Earned A.S. Weber College, Ogden, UT
1941 Married Ida-Rose Langford, Salt Lake City, Utah
1942 Earned B.S. degree, University of Utah
1943 Earned M.S. degree, University of Utah
1944 - 1946 Served as an Ensign in the U.S. Navy
1948 Earned Ph.D., University of Utah
1948 Went to work for GE Research Labs
1954 Successfully synthesized diamond
1955 Became Chemistry professor and Director of Research, Brigham Young University
1957 Invented the tetrahedral press
1966 Founded MegaDiamond
1970 Received AIC Chemical Pioneer Award
1971 Awarded honorary doctorate by BYU
1987 Received honorary doctorate from Weber State
1994 Awarded Governor’s Medal for Science and Technology.
2004 Awarded honorary doctorate by the University of Utah
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Articles by H. Tracy Hall
Awards presented to Dr. Hall
Patents held by Dr. Hall
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Tracy Hall was born in Ogden, Utah in 1919 and raised on a farm in Marriott, Utah, a rural town in northern Utah just up the road from the Willard Marriott property.
Tracy’s interest in science began early as a result of the family’s periodic trips into town for supplies. While his parents took care of their business, young Tracy and his brothers passed the time in the Ogden City Library. Although his brothers liked to read stories of great heroes in fiction, Tracy became interested in real life heroes, particularly men like Thomas Edison. Tracy determined that one day he would work for Edison's company, General Electric.
On one occasion when his fourth grade teacher asked everyone in the class what they wanted to be when they grew up, Tracy piped up and said that he wanted to be scientist for General Electric.
Tracy earned his associate degree in 1939 from Weber College and in 1941 married Ida-Rose Langford. His educational pursuits then took him to the University of Utah where he earned his B.S. in 1942 and a master’s degree in 1943.
Tracy’s education was interrupted by World War II while he served in the Navy until 1946.
After the war, Tracy and his wife began looking for a place to finish a doctorate. They had many options, but finally decided on the University of Utah because there Tracy would be able to study under famed scientist Henry B. Eyring. It was under Dr. Eyring’s tutelage that Tracy began thinking about the theoretical basis for the conversion of carbon to diamond. This feat was something that man had been trying to do since 1797 when it was first proven that diamond is an allotropic form of carbon.
In 1948, with a doctorate degree fresh in hand, Dr. Hall fulfilled his childhood dream by going to work for General Electric Research labs in Schenectady, NY.
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In 1951 GE had recently begun a program to attempt to synthesize diamonds from carbon and had assigned Drs. Bundy and Strong, physicists from the Mechanical Investigations Section, with that task.
This venture was undertaken because diamond, being the hardest substance known to man, is very valuable in its industrial applications for tools. The strategic importance of industrial diamonds was especially critical in the post-war economy. In any event, GE management reasoned that high-pressure research would yield valuable information, even if the holy grail of diamond synthesis were not achieved.
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Herman Leibhafsky, a director in the chemistry department, suggested that a chemist be added to "Project Superpressure," as it was called. He was of the opinion that creating diamond was as much a chemical problem as a pressure problem. This hypothesis was supported by the fact that diamond synthesis had not been achieved despite experiments having been run at pressures well into the "diamond stable" region of the graphite/diamond phase diagram. Among those who had failed were numbered such high pressure legends as Percy W. Bridgman of Harvard.
GE management assembled the chemists at the lab and asked for volunteers. Dr. Hall, recognizing the opportunity to pursue in reality what he had considered in theory, volunteered. Shortly after Dr. Hall joined the group another chemist, Dr. R. H. Wentorf, came on board.
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The first experiments the team did were accomplished using a modified 20-ton automobile jack called a Carver press. The group designed a new, versatile press to achieve the never-before-realized goal of creating diamond from carbon. The press would cost around 125,000 1951 dollars-- and would take about two years to build. Meanwhile they modified an old water-operated Watson-Stillman press to continue their experiments. that was so leaky that rubber boots and squeegees were required to use it. This along with a small bench press would serve the entire group for much of the apparatus development phase.
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In May of 1952 Dr. Hall made a trip to New York City to buy diamonds for use in the experiments. Tiny diamond chip "seed crystals" were being placed in the cells to try to induce diamond formation from the carbon. It was one of these chips that was to play an interesting role in the history of man-made diamond.
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The problem of creating high pressure is very simple in theory—a decrease in volume results in increased pressure. But even the strongest materials in the typical piston configuration break at the high pressures that were being investigated. Because of this obstacle, the team had to develop with variations of seals that had been tried in the past.
Dr. Hall developed a unique variation of a progression of various piston and cylinder devices turned out by the group. While its gasketing and stroke capabilities were excellent it suffered from the common problem in piston and cylinder devices--failure at the junction of the side walls and bottom of the bore. Using out of the box thinking he solved this problem by eliminating the bottom and using two tops “back to back.” Thus the device called the "belt" was born.
Dr. Hall credits some of the success that subsequently occurred to drafting classes he had taken in high school and college. A self-described "seat of the pants mechanical engineer," Tracy was able to transfer his ideas to workable devices that he could take to the machine shop.
Dr. Hall enlisted the help of a friendly machinist who agreed to make his "belt" apparatus during slack time. There was one remaining hurdle, however. The steel that was available for the belt was not capable of holding the enormous pressures required. Tracy was able to get approval to buy the carbide that was needed carbide thanks to the intervention of his friend Leibhafsky.
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By fall of 1954, the new three-story tall double-acting press had been completed and assembled in the Knolls research laboratory overlooking the Mohawk River. While experiments were being run on the new press Drs. Hall and Wentorf continued developing the geological chemistry of the cell on the leaky Watson-Stillman press.
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Time was running out for the group. Top-level management was ready to pull the plug on the project if something didn’t happen soon. A breakthrough was desperately needed.
The breakthrough was to come, of all places, from a meteorite. The team’s studies had revealed that diamonds were found in fragments of meteorites, embedded in a substance called “troilite.” The team began experiments with various different catalysts in the cells.
On December 15, 1954, Dr. Strong's December 8th experiment came back from the polishing shop with the apology that it couldn't be polished because it was too hard. Upon investigation, the team found an extra diamond crystal embedded in the cell at one end.
On the morning of December 16th, 1954, Dr. Hall used his new carbide belt apparatus to run an experiment with troilite and tantalum on the leaky, old press. A surprise awaited him upon breaking open the cell. "My eyes caught the flashing light from dozens of tiny crystals." Dr. Hall was to say later. "My hands began to tremble; my heart beat rapidly; my knees weakened and no longer gave support--I knew that diamonds had finally been made by man."
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Subsequent tests and duplication runs convinced both Dr. Hall and GE management that he had indeed succeeded in transforming carbon to diamond. Run after run produced diamonds using Dr. Hall's device,
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On December 31, 1954, Hugh Woodbury became the first person to duplicate another's claim to diamond making.
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On February 15 of the following year, GE held a press conference and announced to the world that they had successfully synthesized diamonds.
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A tiny diamond crystal was presented to General Electric CEO Ralph J. Cordiner in honor of the occasion. This diamond was the one that had been found in Dr. Strong’s December 8th experiment.
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Some controversy has clouded the event due to the fact that the diamond presented in commemoration of the synthesis of diamond turned out to be an extra natural diamond chip, not a synthetic diamond. Apparently an additional seed crystal had contaminated Strong’s experiment. This explains why the team was unable to duplicate the December 8th experiment.
The discrepancy was brought to light by Strong himself. After being prompted by Dr. Robert M. Hazen, Strong ran tests not available in the ‘50s and determined the chip was indeed a natural diamond crystal. He published his finding in the September 2, 1993 issue of Nature magazine—the same publication that carried the original diamond article.
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The culmination of 150 years of attempts to synthesize diamond would seem to merit a Nobel prize, but the number of scientists on the GE team exceed the maximum allowable three recipients for the prize. GE was granted a patent for Diamond Synthesis. The team members, Hall, Bundy, Strong, Wentorf and Bovenkerk were each given a US savings Bond. Dr. Hall was given another US Savings Bond for his belt apparatus (US Patent No. 2,941,248).
Other patents were granted for other apparatus developed by the group, but the Hall Belt was the most practical and was later scaled up to become the first production apparatus.
As the industry became aware of the achievement, Dr. Hall found himself a hot commodity in the scientific community, with many high-tech firms of the day seeking him out with job offers. In 1955 he left GE and accepted a position with Brigham Young University as a full professor of Chemistry and Director of Research. It was there that Dr. Hall designed a completely new machine. In 1957 he completed the first tetrahedral press and submitted it for a patent (No. 2,918,699).
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Dr. Hall continued to build and sell the presses and soon came up with an improved design called a cubic press.
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In 1966, Dr. Hall, in cooperation with two other professors at BYU, formed a company called Megadiamond to manufacture diamonds and high pressure equipment. Megadiamond exists to this day as a company owned by Smith Tool. Other companies that have formed as products of that venture include Novatek, US Synthetic, and PreCorp.

Dr. Hall in November of 1999

Posing with one his early tetrahedral presses

When queried as to what he considers the greatest of all his accomplishments Dr. Hall will simply say "Home and family. That's the most important." Dr. Hall remains active in church and community in addition to operating a tree farm and continuing to dabble in press design.
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For nearly 40 years, slmost every diamond-making press in the world was based on one of the designs that Dr. Hall invented. In addition to diamonds, these presses are used to make other superhard materials such as Cubic Boron Nitride (CBN), the substance invented by Dr. Hall's co-worker Robert Wentorf.
Manufactured diamonds are used in aerospace, manufacturing, mining, and automotive industries; they are found in masonry saws, mining drill bits, polishing machinery, and cutting tools. In fact, it would be difficult to find a segment of industry where industrial diamonds are not used.
Countless jobs and billions of dollars of American productivity are the direct result of Dr. Hall's work. In 1954 industrial diamond consumption was 14 million carats--all from natural sources. By 1996 industrial diamond consumption had expanded to 505 million carats, 90% of which was manufactured diamond (Source: Industrial Diamond Association).
While the creation of diamonds is an astounding scientific achievement, the significance of Dr. Hall's work lies in the social contribution of his inventions. Industrial diamonds have significantly reduced the cost of drilling oil wells. Dental work is quicker, cheaper and more painless thanks to industrial diamond instruments. Eye glasses that once took weeks to order are now available in an hour. Road repairs that once required noisy, dirty, and bone-jarring jackhammers can now be prepared with precision using diamond saw blades.
It would be safe to say that there is no American whose life is not significantly impacted by the used of industrial diamonds. Much of the credit for this can be given a young farm boy who enjoyed reading about Thomas Edison in the public library
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Today in History 29th July 1588
Spanish Armada defeated
Off the coast of France, an English naval force defeats Spain's so-called Invincible Armada. After hours of furious fighting, the remnants of the massive Spanish fleet broke off and headed north on a long and difficult journey home. Two months earlier, King Philip II had launched the Armada, consisting of 130 ships and 30,000 men, to conquer England. However, Queen Elizabeth and her naval advisers prepared a brilliant defense, employing their superior guns and ships loaded with explosives to decimate the Spanish fleet. After retreating north, the Spaniards sailed around Scotland and Ireland, where the fleet was battered by storms. By the time they returned home in October, more than half the ships had been lost.

Sunday, July 27, 2008

Emerald Cut Diamonds





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Saturday, July 26, 2008

American Jewelry Design Council 1998-2008


Brilliance

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"Essential to every culture, art is the vehicle for expressing emotions and ideas in a personal and creative manner. The American Jewelry Design Council is a non-profit educational corporation, which recognizes and promotes the appreciation of original jewelry design as art. To that end the AJDC is committed to raising the awareness of the jewelry industry, the art community, the media and the consumer about the aesthetic value of artistic fine jewelry.

Members of the American Jewelry Design Council are dedicated to elevating the caliber of jewelry design through educational activities and to challenging professional jewelry designers worldwide to actualize their creative potential." - AJDC Mission Statement

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Today in History 26th July 1847
Liberian independence proclaimed
The Republic of Liberia, formerly a colony of the American Colonization Society, declares its independence. Under pressure from Britain,the United States hesitantly accepted Liberian autonomy, making the West African nation the first independent democratic republic in African history. A constitution modeled after the U.S. Constitution was approved, and in 1848 Joseph Jenkins Roberts was elected Liberia's first president. Liberia was founded by former African-American slaves in 1821, and by the end of the American Civil War in 1865, some 15,000 had settled there. With the backing of the United States, Liberia kept its independence though the turmoil of the 20th century. A costly civil war began in 1989 and lasted until 1997, when Charles Taylor was elected Liberian president in free elections. His administration has been criticized for supporting the rebels in neighboring Sierra Leone.

Friday, July 25, 2008

Lara Bingle cries over $200,000 engagement ring

CRICKET star Michael Clarke gave his model girlfriend Lara Bingle a $200,000, 4.7 carat diamond ring to seal their engagement in New York.

However, there will be no wedding for at least a year and children aren't in their plans for now.
"We're enjoying our engagement one day at a time, and right now we're not thinking about children," Clarke, who turns 27 tomorrow, told New Idea magazine.

Clarke proposed to Bingle at the Rockefeller Centre iceskating rink after a horse and carriage ride through Central Park.

"Surprisingly, there was nobody around and it was a full moon," Clarke said.

"I pulled the ring box out of my pocket, opened it, bent down on one knee and asked Lara: 'Will you marry me?"'

Bingle, 20, had excitedly accepted.

"There were tears running down my face, I was over the moon," she said.

"I started leaping up and down, checking out my ring."

See our pictorial tribute of the swimswuit model here

Clarke asked Bingle's father, Graham, who has terminal pancreatic cancer, for permission to marry her before they left on their trip.

"The extra special part is he gets to see her happy with the man she'll spend the rest of her life with," Clarke, whose father had Hodgkin's disease, said.

Bingle said she hoped her father would be able to walk her down the aisle.

"We'll have to wait to see how long he's here for," Clarke said.

See how Lara compares to the other cricket WAGs here

Source: March 31, 2008


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Uma Thurman & Arpad Busson Engaged

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Today in History 25th July
1946 The United States detonates an atomic bomb at Bikini Atoll in the Pacific Ocean.
1814 English inventor George Stephenson demonstrates the first steam engine.

Cultured Diamonds Definition - V - Uncultured


2b kultured or not 2b
CONFUSION REMAINS
the question

Is owning cultured diamonds uncultured?" the prestigious Jewelers Vigilance Committee (JVC), the “industry’s guardian of ethics and integrity… a resource for the entire jewelry industry "
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Is JVC misleading the public by its misrepresentation of the law?

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According to the new IDC rules, gem quality diamonds created in a laboratory or factory can be described as: “synthetic,” “laboratory-grown,” “laboratory-created,” or “man-made,” and the descriptor must always be followed by the word “diamond” or “diamonds.”
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Under no circumstances can the term "cultured" be used to describe gem-quality synthetic diamonds.

JVC, One Spin Too Many


Eleven U.S. and international diamond, jewelry and pearl trade associations petitioned the U.S. Federal Trade Commission (FTC) with one fundamental request: amend the FTC jewelry guides and state “that it is deceptive or unfair to use the term ‘cultured’ to describe laboratory-created gemstones.” In a unanimous (4 to 0) decision, the FTC knocked down the specific request and went the other way – all the way. Actually, the FTC specifically allows the use of the term “cultured diamonds,” though it described some guidelines as to how the term should be used. It also specifically found “that there is insufficient evidence to establish that the qualified use of the term ‘cultured diamonds’ is deceptive or unfair.” Any way one looks at it: the petition was totally denied.

Upon receiving the FTC’s ruling, the prestigious Jewelers Vigilance Committee (JVC), the “industry’s guardian of ethics and integrity… a resource for the entire jewelry industry,” which spearheaded the petition effort, immediately turned into spin mode. President and CEO Cecilia Gardner told trade blogger Rob Bates “our view is we won. The FTC said that, if you just call it cultured, that’s insufficient. I’m very pleased with that.”
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It really needs a considerable amount of guts and a fair measure of audacity to be knocked down and then to declare victory. But Ms. Gardner is entitled to her opinion and, maybe, her expectations were so low that anything may seem to her as an astounding success. She is an experienced professional; she knows what she is doing.

However, there are also limits to spin. A short JVC press release tries in an ethically rather questionable way to suggest that the FTC agreed with the JVC on something. Says the JVC: "The FTC agreed with us that the use of the word ‘cultured’ alone to describe synthetic gemstones would be insufficient to protect consumers.” That statement isn’t correct on various scores.

First of all, to the best of my recollection, the JVC has never said that that the word “cultured” alone would be insufficient to protect consumers. The JVC has always maintained that the very use of “cultured” to describe a synthetic diamond is misleading, deceptive, etc. irrespective of whether it stands alone or not. So why imply that the FTC agreed with the JVC on anything while, in fact, every single request was unanimously defeated?

Secondly, the FTC statement did NOT say that the word “cultured” alone would be insufficient to protect consumers. The JVC’s suggestion to that effect is misleading – and apparently part of a spin to imply congruence between JVC and FTC positions where there is none. The FTC states: “The Commission does not conclude that the use of the term ‘cultured’ by itself is sufficient to qualify the term ‘diamond’ when describing stones created in a laboratory. The Commission was not asked to evaluate whether ‘cultured’ may be used alone to qualify the term ‘diamonds.’” [Emphasis added.]

Contrary to what the JVC wants its members and worldwide following to believe, the truth is that the FTC says that it has NOT reached a conclusion, because it wasn’t asked to rule on using the word “cultured” alone. The JVC’s spin has really gone out of control; the only point of “agreement” to which the JVC press release refers is in respect to a position that the JVC never publicly espoused before and that the FTC, itself, specifically didn’t address since it wasn’t asked to do so.

Thirdly, to ensure that the spin will be soundly anchored in our minds, the JVC continues to develop its success story by noting “their [i.e. FTC’s] ruling that marketers be required to include one of the four clear terms already obligatory under the Guides that disclose the true nature of the product will go far to protect against consumer deception.” What “deception” is the JVC referring to? Here, the JVC sticks to its own time-honored position that the word “cultured” is “deception” – a view it shares with all the other petitioning associations and with many (if not most) people in the natural diamond business. The JVC is entitled to its opinion. But the context of that statement is questionable.

The JVC sticks to its consumer deception notion, while the FTC has actually said quite the opposite. The FTC states: “The Commission concluded that there is insufficient evidence to establish that the qualified use of the term ‘cultured diamonds’ is deceptive or unfair.” It repeats that statement in its conclusions and asserts positively: “The Commission cannot find that the use of the term ‘cultured diamonds’ is unfair.”

Again, while it is JVC’s prerogative to continue to hammer the “deception” flag, it seems dubious to me to use the word in a context where the FTC has clearly not established any deception.

Quality Research Needed

A careful reading of the FTC ruling shows that it is a “work in progress.” The FTC is apparently looking for more documents, for more information and for more research. It is leaving a door open to amend its views in the future – something which one should consider as probably the only positive point from the petitioners’ perspective. The petitioners ought to consider accepting the challenge.

But, before doing so, the JVC and the other petitioners must have the intellectual integrity to analyze what actually happened. What went wrong? The petitioners submitted three consumer-perception surveys from which the FTC needed to decide whether marketers’ use of the term “cultured” to describe laboratory-created diamonds is likely to deceive consumers. “The petitioners contend that the three surveys they submitted demonstrate that the use of the term ‘cultured’ to describe laboratory-created diamonds misleads consumers to their economic detriment,” says the FTC, which found methodological flaws in the surveys preventing it from reaching similar conclusions.


Also on other points, such as the international harmonization arguments, the soundness of the reasoning was questioned. In essence, the petition’s supporting documents, research and consumer surveys failed to have an impact and/or were dismissed as “insufficient evidence” to support the petition.


My concerns are not with the FTC decision itself or whether the term “cultured diamonds” should or shouldn’t be used. My concern is with the way the JVC conveyed the essence of this enormously important FTC decision to the public. Instead of spinning (“we won”), it would have been better to give positive guidance.

The bottom line of the FTC decision is that you are allowed to advertise the term “cultured diamonds” – provided that somewhere else in the advertisement it becomes clear that the diamond is laboratory-grown. The FTC notes specifically that “in evaluating whether a representation is misleading, the Commission examines not only the claim itself, but the net impression of the entire advertisement.” The operational conclusion of the FTC ruling, as far as the market is concerned, is not only that it approves of the use of the term “cultured diamonds” but also cautions that the “staff will continue to evaluate advertising using the term ‘cultured diamonds’ on a case-by-case basis and recommend enforcement action when appropriate.”

Thus, the term "cultured diamonds" is allowed – and it would have been nice if the JVC would have given this guidance to the industry – as its mission statement endeavors.

What troubles me – and quite a few others – is the unnecessary spin of the JVC. It is the guarantor and guardian of marketing integrity. Surely, that would also apply to its own press releases – especially very important and significant ones, in areas where JVC is seen as the foremost (and maybe only) authority.

To quote one U.S. industry captain with an interest in this whole issue: “In an environment where there is an increasing demand for transparency and governance (both from outside of the trade and within) this type of blatant misinformation and deceit is totally unacceptable and is exactly what groups like the JVC are mandated to be fighting against. Is it just me or does is appear that many of our industry’s trade organizations seem bent on doing their best to work themselves into irrelevancy? I also wonder if the other signatures to the petition were asked to comment on the press release prior to the JVC sending it out or are they simply going to be ‘painted with the same brush’ due to their involvement in the original petition?

“With the world’s economy in the mess that it is and the ever growing competition for the average consumers shrinking disposable dollars, we as an industry (the diamond jewelry trade) can ill afford to continue to act in the arrogant way that we do and potentially reduce the public’s confidence in our product (diamonds...regardless of source) any further.”

Cecilia Gardner is president, CEO and general counsel of the Jewelers Vigilance Committee, www.jvclegal.org

There is no need to elaborate. Personally, I have always greatly admired the many ways the JVC and Cecilia Gardner protect the consumer against misleading statements. One unfortunate press release is not going to change my wholehearted support for what the JVC is doing. They are doing by and large a terrific job.

The “cultured” debate is one of the hottest issues facing our industry and future. The JVC succeeded in getting its views out very quickly and decisively. Press reports talk about victory – where there was none and “compromise” – where there was none. That, by itself, underscores how effectively the JVC can manage and shape market views. None of this changes the fact that the petition to amend the FTC rules was utterly and totally denied.


THURSDAY, JULY 24TH, 2008, CHAIM EVEN-ZOHAR

Pictures added by The Diamond Guru without consent of the author.

Comment:

Fake diamonds for fake people : Hoooroooo from De Guru

Additional Reading:

FTC Says ‘Cultured’ Can Describe Lab-Created Diamonds
Element Six's real hopes for artificial diamonds
Laboratory Grown Diamonds Take Shape
Lab Grown Diamonds: Applications V Gems
Fake Diamonds for Fake People
GIA Examines the Newest Generation of Apollo CVD Synthetic Diamonds
First CVD Synthetic Diamond Submitted for Dossier Grading to GIA Lab
" DiamondSure " & " DiamondView "
Green Diamonds & Diamond Enhancement : HPHT and Irradiated Diamonds
CIBJO, IDMA, WFDB Issue Joint Statement on Lab-grown Diamonds

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Today in History 25th July 1917

Mata Hari sentenced to die

Mata Hari, the archetype of the seductive female spy, is sentenced to death in France for spying on Germany’s behalf. She first came to Paris in 1905 and found fame as a performer of exotic Indian-inspired dances. Although she claimed Eastern origins, she was actually born in a small town in Holland as Margaretha Geertruida Zelle. Regardless of her questionable authenticity, she packed dance halls from Russia to America, largely because of her willingness to dance almost entirely naked in public. She was also a famous courtesan, and with the outbreak of World War I her catalogue of lovers began to include high-ranking French officers. In 1917, she was arrested for espionage, found guilty, and shot. Evidence against Mata Hari remains inconclusive--her only crimes may have been an elaborate stage fallacy and a weakness for men in uniform.

1978 The world's first test tube baby, Louise Joy Brown, is born at Oldham General Hospital in the north of England.

Thursday, July 24, 2008

Princess 5.03ct H VS2 DCLA#110875

Actual Diamond Picture Not to Scale
Measures 9.25 x 9.00 x 6.75 mm deep
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Today in History 24th July 1959

Kitchen Debate in Moscow

On July 24, 1959, in front of replica of a suburban American kitchen, U.S. Vice President Richard Nixon and Soviet leader Nikita Khrushchev engage in an impromptu debate about the merits and disadvantages of capitalism and communism. Nixon had traveled to Moscow to open the U.S. Trade and Cultural Fair in Sokolniki Park, organized as a goodwill gesture by the USSR. The televised Kitchen Debate helped solidify Nixon's reputation as a tough and capable U.S. leader and was a definitive moment in the Cold War.

International School of Gemology


http://www.schoolofgemology.com/

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Canadian Diamonds Snap Lake


De Beers Sales Climb 10% on Higher Diamond Prices (Update2)
By Carli Lourens

July 23 (Bloomberg) -- De Beers, the world's biggest diamond company, said first-half sales of the precious stones rose 10 percent as gem prices increased on stronger demand in Asia.

Sales of natural diamonds climbed to $3.3 billion from $2.99 billion a year earlier, the Johannesburg-based company, part owned by Anglo American Plc, said today in a statement. Net income fell 9.7 percent to $316 million after tax increased by two thirds.
While demand for high-end diamonds is "very, very strong,'' sales of smaller lower-quality gems in the U.S. market is likely to be "pretty flat'' in the second half, De Beers Chief Executive Officer Gareth Penny told reporters in a conference call today.
De Beers boosted rough-diamond prices by about 8 percent in the first half. Demand growth in Asia is countering lower gem sales in the U.S., which accounts for about half of the world's diamond retail market.

"Demand from our clients has enabled the Diamond Trading Company to steadily increase prices during the period,'' De Beers said in the statement. Total sales, including the company's artificial gem unit, rose 10 percent to $3.74 billion, it added.

De Beers wants to raise production to keep pace with growing demand from increasingly wealthy Chinese and Indian consumers. Output at Snap Lake in Canada started in the fourth quarter of last year while operations at the Victor mine in the country is scheduled to begin this year.

Snap Lake
Snap Lake, Canada's first underground diamond mine, is expected to reach full production of 1.6 million carats this year. Victor may produce 600,000 carats annually.


De Beers, which produces about 40 percent of the world's rough diamonds by value, said first-half output fell 4.1 percent to 24.2 million carats because of a power shortage in South Africa. Its Debswana venture with the Botswanan government accounted for about two-thirds of production.

De Beers's production will probably drop to about 50 million carats this year from 51.1 million in 2007 as it sells unprofitable mines in South Africa to expand in Canada and Botswana, Penny said.

Russia's ZAO Alrosa, which mines a quarter of the world's diamonds, said on July 21 that net income last year dropped 6 percent to 16.2 billion rubles ($700 million) as domestic sales fell 21 percent.

Antitrust Complaints
De Beers is reducing the amount of diamonds it buys from Alrosa after antitrust complaints by the European Union. For seven decades until 2000, De Beers bought and hoarded gems produced by rivals to control the prices at which it could sell them on to customers.

De Beers plans to buy about $400 million worth of diamonds from Alrosa this year, $100 million less than last year, Penny said today.

Anglo owns 45 percent of De Beers, the Oppenheimer family 40 percent, with the rest held by the Botswanan government

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Today in History 24th July

1980 British actor and comedian Peter Sellers, dies in hospital, two days after suffering a heart attack at re-union lunch with fellow members of the Goon Show, Spike Milligan and Harry Secombe.
1925 At Guy's Hospital in London, six year old Patricia Cheeseman becomes the first person to be successfully treated with insulin.

Wednesday, July 23, 2008

FTC Says ‘Cultured’ Can Describe Lab-Created Diamonds

In a setback for several jewelry associations, the Federal Trade Commission, in a ruling released Tuesday, said that there is insufficient evidence to establish that the qualified use of the term "cultured diamonds" is deceptive or unfair when describing lab-created gemstones.
A petition submitted to the FTC by the Jewelers Vigilance Committee and 10 jewelry industry trade associations asked that the commission amend the “Guides” for the Jewelry, Precious Metals, and Pewter Industries to state that it is deceptive or unfair to use the term "cultured" to describe laboratory-created gemstones, even when the man-made gemstones possess essentially the same optical, chemical, and physical properties of natural, mined gemstones.
The petitioners (the Manufacturing Jewelers and Suppliers of America, American Gem Trade Association, Jewelers of America, CIBJO, The World Jewellery Confederation, the Cultured Pearl Association, American Gem Society, the Diamond Council of America, World Federation of Diamond Bourses, the Diamond Manufacturers and Importers Association of America, and International Diamond Manufacturers Association), argued that using "cultured" to describe such diamonds is either deceptive or unfair.
The current Guides do not address whether the term "cultured" can be used to describe laboratory-created gemstones, the FTC said Tuesday. Although the Guides do advise marketers to use specific qualifying language to make clear that the gemstones are created in a laboratory.
After reviewing the petition and consumer perception surveys that the jewelry trade groups relied on as evidence of their case, the FTC said in a statement that it declined to amend the Guides. The vote was 4-0.
The FTC explained that “Even if the surveys demonstrate that the unqualified use of the term ‘cultured’ to describe laboratory-created gemstones is misleading, there is no evidence to suggest that the use of the qualifying language set forth in the Guides fails to render the term non-deceptive.”
The FTC went on to say that it will “continue to evaluate advertising using the term ‘cultured diamonds’ on a case-by-case basis and recommend enforcement action when appropriate.”
In a response, Cecilia L. Gardner, JVC president, chief executive officer, and general counsel, said that the FTC did agree with some of what the“The trade associations that signed the petition … universally took the position that the term ‘cultured’ ought to be added to the list of terms that are deceptive and unfair when describing synthetic gemstones,” Gardner said. “The FTC agreed with us that the use of the word ‘cultured’ alone to describe synthetic gemstones would be insufficient to protect consumers. Their ruling that marketers be required to include one of the four clear terms already obligatory under the Guides that disclose the true nature of the product will go far to protect against consumer deception.”
More information of the petition and the ruling can be on the FTC and JVC Web sites.
Source: JCK-Jewelers Circular Keystone, 7/22/2008
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Coloured Diamond Fluorescence


A New Look At Colored Diamond Fluorescence
By Russell Shor

Natural colored diamonds are so varied and rare they have defied efforts to conduct extensive studies of their properties.

Thanks to the Aurora Butterfly of Peace, a collection of 240 diamonds of various colors, a team of researchers had a unique opportunity to conduct such a study when the Butterfly was on exhibit at the Smithsonian Institution. Specifically, these researchers examined fluorescence trends of natural fancy-colored diamonds using a new portable fluorescence spectrometer.

Their findings, published in a Winter 2007 Gems & Gemology article titled “Fluorescence Spectra of Colored Diamonds Using a Rapid, Mobile Spectrometer,” could help gemologists more easily identify treated-color diamonds.

Researchers Sally Eaton-Magaña, Jeffrey Post, Peter Heaney, Roy Walters, Christopher Breeding and James Butler examined 48 diamonds in the Butterfly collection, 2 fancy-color diamonds housed by the Smithsonian (the DeYoung Red and the DeYoung Pink) and 22 samples from GIA. They also looked at 10 irradiated colored diamonds.

The team selected diamonds in a range of body colors that included pink, yellow, yellow-green, orange, brown and blue-gray, as well as rare specimens such as fancy white, purple and chameleon. For the most part, they limited their picks to those that showed fluorescence to long-wave ultraviolet (UV) radiation.

After testing, most of the diamonds were grouped into three categories, according to shared characteristics in their fluorescence spectra. The spectra of category 1 diamonds generally appeared as bluish fluorescence. This category encompassed most of the pinks, the fancy white and several yellow natural-color diamonds. By contrast, the irradiated diamonds in this category had green to greenish blue bodycolors.

The majority of diamonds in category 2, which included the yellow-green and brown stones, had green or yellowish green fluorescence. In most cases, these natural, untreated diamonds had weak to moderate fluorescence spectra, whereas two greenish yellow irradiated samples showed strong to very strong spectra.

The UV fluorescence of the stones in category 3, which contained most of the orange and gray-green chameleon diamonds, generally appeared as yellow or yellow-orange. None of the irradiated diamonds fell in this category, but a broader study of treated diamonds would be needed to confirm this as a trend.

With a few exceptions, the fluorescence of natural diamonds in the three main groups corresponded to their body color. However, the irradiated samples in the first two categories showed either significantly different bodycolors or different spectral intensities. These types of indicators may prove useful in separating natural from treated diamonds.

While not conclusive, these spectra may also provide clues to the origins of the color in these diamonds, which would help guide future studies. For example, the origins of yellow (nitrogen), blue (boron) and green (radiation) bodycolor are well known, but researchers are still trying to pin down what creates the color in pinks, browns and others.

The study also demonstrated that fluorescence spectra are more accurate than fluorescence seen with a UV lamp, which can produce different results for different observers, especially given the nonstandard lighting environments in which fluorescence is often viewed. The fluorescence spectra measured by a spectrometer can be quite similar, even if the fluorescence colors appear different to the eye. In addition, fluorescence spectra provide far more information than visible fluorescence alone, such as a semiquantitative indication of intensity and the presence of subordinate peaks.

One objective of the research was to evaluate a relatively low-cost, compact fluorescence spectrometer produced by Ocean Optics. This instrument, the size of a deck of cards, enabled the researchers to study diamonds that could not be removed to a laboratory. Its mobility and rapid collection time will make it easier for future research on important gemstones held in museums and private collections, and could prove useful in a commercial setting.

From this research, the authors also found that no two diamonds showed identical fluorescence spectra; they all demonstrated slight differences in peak intensity or relative intensity between peaks. These subtleties are part of what makes each stone unique. Everything about a diamond—from clarity features to the atomic-scale defects that cause fluorescence—tells that diamond’s story. Its fluorescence spectrum is one more chapter in that story, one more tool by which individual diamonds may be characterized.
Source:©2008 Gemological Institute of America. All rights reserved

Additional Reading:

















Antwerp Diamond Bank Report 2001 Old report but pictures that may prove interesting to some...
Eddy Elzas' " Eyegasm "
Elzas on the surprise of colored diamonds.

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Today in History 23rd July

1997
The Swiss Bankers' Association issues a list of unclaimed accounts dating back to the 1930s - many belonging to Jews killed by the Nazis in Germany during World War II.
1997 Serbian leader Slobodan Milosevic is sworn in as President of Yugoslavia.

Saturday, July 19, 2008

Third Party Required to Verify Non Conflict Diamonds

“Destiny is not a matter of chance; but a matter of choice.It is not a thing to be waited for, it is a thing to be achieved.” : William Jennings Bryan 1860-1925 was an American political leader, editor, and lecturer, greatly known for his fascinatingly captivating oratory born on March 19, 1860 in Salem, Illinois.
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Urgent need for proper verifiable
3rd party ‘clean diamond’ initiative


An SRK report on the state of affairs in ethical diamonds found the plethora of clean diamond initiatives are confusing consumers, prompting jewelers to sell Canadian diamonds, and avoid African-mined diamonds.

Author: Dorothy Kosich Posted: Friday , 18 Jul 2008

RENO, NV -

While a number of clear, fair or ethical diamond initiatives have been created in the past few years, a white paper commission by the Madison Dialogue initiative suggests the consumer is confused as trying to determine which diamonds are truly ethically mined and traded.

SRK Consulting's Kirsten Hund wrote a paper which describes and explains the various collaborative projects that have been created to improve the lives of artisanal and small-scale diamond miners, as well as, in some cases, workers employed in diamond cutting, polishing and jewelry industries.

‘By providing an overview of the state of the art of existing theory and practice, this document hopes to recognize lessons learned from previous success and failures, and possible also inspire plans and ideas for next steps to be taken in order to make diamonds work for development," Hund wrote.

In her study, Hund noted a "lack of clarity of the terminology. Consumers interested in buying ‘clean', ‘ethical', ‘conflict free', or ‘fair trade' diamonds have no way of knowing what they'll get.

It can mean certified Canadian diamonds from a De Beers mine, industrially produced Sierra Leonean diamonds from Target Resources, diamonds that are compliant with the World Diamond Council's System of Warranties that support the Kimberley Process, diamonds that have been mined, cut and polished in Namibia; diamonds coming from a co-operative in Sierra Leone or Tanzania, or "Fair Made' diamonds that have been set by previously disadvantaged youth in South Africa.

"All of these initiatives are obviously good, and contribute to the improvement of lives of people," she said.

"The variety is inspiring, and create many more projects and initiatives. However, without clear verification, the picture is unclear for the consumer."

Nevertheless, Hund found that none of these initiatives "has yet to set up a proper, verifiable, third-party system. There is an urgent need to develop thinking on this further."

Meanwhile, "for all the talking and all the activities, it is clear that so far very little ‘ethical jewellery' is actually being produced," she asserted. "We are still at the beginning of a long process, and it does not seem likely that consumers will be able to buy African ‘ethically sourced' diamonds on a large scale anytime soon."

She found that most jewelers who claim to sell ‘ethical diamonds' have chosen only to trade in Canadian diamonds, "or in some cases, even artificial diamonds."

"Everybody involved in any kind of initiative within Africa agrees that organizing activities on the ground with local diggers is an extremely long-term process," she added. "Despite the consumer enthusiasm for the product, it seems a risky strategy for anyone to start marketing ethical jewellery without a steady source of supply."

Hunt also determined that little exchange of information and lessons learned is taking place among people and organizations involved in the area of so-called clean diamonds. ‘The Madison Dialogue can play a central role here by inviting the different actors mentioned in this paper that are not yet part of the discussion, to join."

Surprisingly, Hund determined that many charity initiatives in diamond mining communities are doing little to address the root of their problems.

"They all seem to have chosen the relatively safe option of working with reputable national or international NGOs on existing poverty programs in or close to cities." However, she urged that the Madison Dialogue start a discussion with these programs to investigate whether a portion of the money "could be going directly to the diamond mining communities for empowerment there."

She also questioned the mixing of the roles of responsibilities among the diamond mining companies, development NGOs which start businesses, and "both try to develop or implement legislation and work with local or national government-without always fully understanding the underlying power structures."

"In most cases, companies are not development specialists, NGOs do not understand how to do business, and if government is not on board, attempts to formalize an operation will fail. Shortcuts trying to do things quickly are usually bound to fail."

Hund discovered that local organization often get sidelined or excluded from the very beginning when an ethical diamond operation is started.

"This is partly because of very weak, or non-existent well-organized, civil society groups in most artisanal diamond mining areas. ...However it will contribute a great deal to the sustainability and local ownership of any project, and will do much for poverty alleviation through the empowerment of these types of engagement."

Lastly, she noted, "we often fail to recognize what is already happening within Africa itself, without outside interventions. In some cases the structures are there, but are simply not recognized by outsiders."

Additional Reading :
De Beers Goes into the Lab Business with Forevermark Part 4 : The Forevermark Brand Strategy Empowering the Retailers
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Today in History 19th July

1969 US spacecraft Apollo 11 lands on the Moon.
1966 American singer Frank Sinatra marries actress Mia Farrow in Los Angeles.

Gem Diamonds' Ellendale Mine Breaks Output Records (Update2)


By Alistair Holloway
July 17 (Bloomberg) -- Gem Diamonds Ltd., a miner of precious stones, said its Ellendale mine in Australia produced 57,814 carats in June, a monthly record, on improved plant capacity.

The result is up from 36,565 carats in June 2007 when Gem said it would take control of Ellendale following the takeover of Kimberley Diamond Co., the London-based company said in a statement distributed today by the Regulatory News Service.

The mine also had daily production records on July 7 and 8. Gem expects to recover 600,000 carats at Ellendale this year and 730,000 carats in 2009.

Gem rose as high as 1,057 pence and closed 55 pence, or 5.5 percent higher at 1,050 pence. The shares have gained 8.3 percent this year, valuing the company at 660.5 million pounds ($1.3 billion).

Additional Reading :

Gem Diamonds Sells Ellendale Yellow Diamonds

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Today in History 19th July 1996

Former heavyweight champion of the world and Olympic gold medalist Mohammad Ali lights the flame to open the 1996 Centenary Olympic Games in Atlanta, Georgia, USA.

WFDB becomes a FATF member

Has helped draft guidelines for precious metals and stones

The World Federation of Diamond Bourses (WFDB) has been admitted as a member to The Financial Action Task Force’s (FATF) consultative forum. This was announced by the FATF following a Plenary Meeting of the organisation in mid-June, during which the WFDB's merits for membership were discussed.
The FATF is an inter-governmental body formed to develop and promote national and international policies, and thus combat money laundering and terrorist financing. The body works to generate the necessary political will to bring about significant legislative and regulatory reforms in these areas.

WFDB President Avi Paz said that becoming a member to the FATF well explained the WFDB's ever growing influence and role. "As the diamond industry's leading supervisory body, it is only logical that the WFDB has had a decisive influence on the draft guidelines on precious stones and precious metals, as adopted by FATF".
In a letter to Michael Vaughan, the WFDB's Secretary General and Executive Director, FATF President Sir James Sassoon wrote that the very close interaction between FATF and members of the diamond and precious metals industry had contributed significantly towards developing guidance on the risk-base approach for the precious stones and precious metals industries.

The draft guidelines for the precious metals and precious stones are soon to be published on the FATF website.
By: Diamond World News Service July 14 2008
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Additional Reading added 2nd August 2008 below:
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The purpose of the FATF document is not just to guide governments in setting industry-specific rules but very much to assist diamond dealers in the day-to-day implementation of their anti-money laundering obligations. The 36-page guide deserves to be read. Click here for complete text.
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Today in History 19th July 1962
The first trans-Atlantic telephone call is made between London and New York via the Telstar communications satellite.

1 MILLION CARATS FOR 20 YEARS

Petra to be one of world's "great diamond producers" with colourful Cullinan

Petra Diamonds has finalised its significant acquisition of the Cullinan diamond mine and says it will operate the famous old mine profitably.
Author: Tessa Kruger Posted: Wednesday , 16 Jul 2008
JOHANNESBURG -

Petra Diamonds believes its acquisition of the historic Cullinan diamond mine, which has produced some of the world's most spectacular diamonds, is a very significant acquisition that will enable it to mine more than 1m carats a year from the operation for the next twenty years.

Petra CEO Johann Dippenaar said today that the Cullinan mine, famous for producing the world's largest 3,106 carat Cullinan diamond, will make the company one of the world's great diamond producers. In addition to the mine's colourful history that produced a quarter of the world's diamonds weighing more than 400 carats, the mine is also the only source of supply of extremely scarce blue fancy diamonds, he said.

The company today announced the completion of the Cullinan acquisition by the Petra Diamonds Cullinan Consortium (PDCC) for R1bn (US$130m).

Dippenaar said Cullinan currently has a resource of 200 million carats and a C-cut resource of 133 million carats that the company will also endeavour to exploit over the coming years.

Petra, as operator of the mine, took charge of production at Cullinan today and expects to produce 700,000 to 850,000 carats for the financial year 2008/9 and full production of over one million carats by 2009/10.

The company will exploit the Cullinan mine in a similar manner to its Koffiefontein mine where it has proved there is much life left in older mines sold off by diamond giant De Beers, said Dippenaar.

The CEO believes the mines Petra has acquired from De Beers; Koffiefontein, Kimberley Underground and Cullinan, can be mined profitably if they are operated in a "different manner" involving low head office costs, flat management structures and in-house work on functions such as plant design and shaft sinking.

Petra gained its first experience of running diamond operations efficiently in its early years as a producer of fisher mines that produced low tonnes of ore.

Dippenaar said the company has not been privy to the exact size of gems produced from Cullinan recently, but there was no geological reason why the mine would not continue to produce diamonds in excess of 400 carats.

Petra currently has an option to increase its 37% stake in Cullinan to 60% and Dippenaar says it would make sense for the company to do so.

He said the company has not seen any decrease in, or pressure on, diamond prices yet, despite the fact that diamond stocks are down sharply on highs over the twelve past months.
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Today in History 20th July 1969

Armstrong walks on moon
At 10:56 p.m. EDT, American astronaut Neil Armstrong, nearly 240,000 miles from Earth, speaks these words to millions listening and watching on television at home: 'That's one small step for man, one giant leap for mankind.' A moment later, he stepped off the lunar landing module Eagle, and became the first human to walk on the surface of the moon. Another astronaut, Edwin Buzz Aldrin, joined him a few minutes later, and together they took photographs of the terrain, planted a U.S. flag, ran a few simple scientific tests, and, the next day, departed. The astronauts left behind a plaque that read: 'Here men from the planet Earth first set foot on the Moon--July 1969 A.D.--We came in peace for all mankind.'

Diamond Carat - Learn About Diamond Carat Weight


The weight of a diamond is expressed in carats, this is the weight of measure that the jewellery industry uses to weigh diamonds. The word carat originated from the carob tree. The tiny seeds of this tree are well known for their uniformity and consistent weight. Traditionally diamonds and gemstones were weighed against these seeds until the system was standardized, and one carat was fixed at 0.2 grams. One carat is divided into 100 points. A diamond weighing one quarter of a carat can also be described as weighing 25 points or 0.25 carats. Points are generally not used to describe weights over one carat. Carat is often confused with size of a diamond even though it is actually a measure of weight, a diamond's size is measured by fractions of millimetres.

Larger diamonds are found in nature with much less frequency which makes them more valuable. A three-carat (3.00ct) diamond is always more expensive than several diamonds which add up to make three carats in total weight. The chart below outlines various diamond weight sizes and the corresponding milimetre size. The dimensions of the diamond should tell you how large the diamond will appear. The chart is not to scale and should only be used as a reference

Hundreds of tons of rock and ore must be processed to uncover a single one-carat gem quality diamond, and less than one percent of all women will ever own a one- carat or larger diamond. Since a carat is a unit of measure and not size, two diamonds of the same carat weight may appear to be different sizes depending on how the diamond is cut. Some diamonds will have extra weight on the bottom part of the diamond, the pavilion, and therefore will appear smaller visually.

Do not be mistaken by the belief that the larger the carat weight, the more valuable the diamond. While this can be true, it is not necessarily so. Keep in mind that a diamond's colour, clarity and cut are major factors that influence the value of a diamond. For that reason, it is important for every potential diamond buyer to understand the importance of each of these characteristics and the impact it can have on the value of a diamond, when considering the purchase of a diamond. These characteristics are more commonly known as the 4C's - Cut, Colour, Clarity & Carat. Remember that choosing a diamond is not an exact science and a diamond buyer should decide what characteristics are more important to them and set some parameters to help choose the most suitable diamond.

When selecting the best carat weight, take into consideration such factors as your preference in diamond shape, the type of jewellery the diamond will be used in, if it is for a diamond ring then another factor such as finger size would also have to be thought of. Then there is the type of setting and the design of the piece of jewellery, with regard to your taste, style and fashion at the time of purchase. And more importantly is your budget for the diamond, as this will dictate a lot of the 4C's and then you can adjust accordingly for size, colour, clarity and diamond shape, as some diamond shapes on a per carat basis are more expensive than others. Most importantly the diamond you decide upon should be one that you love and will cherish forever.
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Madison Dialogue

The Madison Dialogue is a cross-sector initiative established to promote communication and collaboration among companies, civil society groups and others seeking to encourage:

*best practices,
*sustainable economic development,
* and verified sources of responsible gold, diamonds and other minerals.

Organizations, companies and individuals participate in the Madison Dialogue on a voluntary basis.
*
The Madison Dialogue was launched at a meeting in New York (on Madison Avenue), in August 2006.
*
Participants in that meeting included EARTHWORKS, WWF, Partnership Africa Canada, Tiffany & Co. Foundation, The Council for Responsible Jewelry Practices (CRJP), the Diamond Development Initiative, Jewelers of America, Conservation International, Leber Jewelers and others.
*
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Today in History 19th July 1980

Opening of the 22nd Olympic Games in Moscow - boycotted by more than 40 nations in protest at the Soviet invasion of Afghanistan.

Square Radiant Diamond For Sale

For Sale

Square Radiant 1.73 carat E colour VVS1 clarity

HRD Certified #20041217019

AUD$19,074.00 GST Inclusive
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Diamond Imports


GIA Welcomes Three New Board Members

Jeffrey H. Fischer, James P. Shinehouse and Ephraim Zion -- leaders in jewelry and business -- have been elected to GIA's Board of Governors.

"We welcome Jeffrey, James and Ephraim to our board," said Helene Fortunoff, chair of the Institute's Board of Governors. "We look forward to working with them as they apply their unique mixture of wisdom and experience to help fulfill the Institute's nonprofit mission to educate the public about gems and jewelry."

Fischer and Zion come to GIA from influential positions in the jewelry industry, while Shinehouse brings expertise in international business restructuring. They assumed their duties at the May Board of Governors meeting in New York.

Ralph Destino, chairman of GIA, said he is looking forward to working with each of the new board members. "Their expertise within the industry and in the world of international business will be invaluable to the Institute as we look to achieve rapid international growth and broaden the range of services we offer clients around the world."

Fischer is president of Fischer Diamonds, Inc., in New York City, where he is based, and of Fischer Diamonds Ltd. in Israel. He is also president of the International Diamond Manufacturers Association, vice chair of the World Diamond Council and a board member of the Jewelers Vigilance Committee. He is past president of the Diamond Manufacturers & Importers Association of America, among many other activities.

Shinehouse is a managing director at Kroll, a wholesale-only supplier of personal public safety, law enforcement and homeland security products, and the U.S. practice leader for its European-based corporate restructuring business. His specialty is helping North American businesses improve corporate performance and serve international clients. He also leads complex forensic accounting investigations and transactional due diligence projects and is regularly hired as an expert witness. Shinehouse joined Talbot Hughes McKillop in 2003 and headed its U.S. practice until 2005, when it was acquired by Kroll.

Zion set up business in Hong Kong in 1971 and has become one of Asia's leading dealers of large and fancy-colored diamonds. As managing director of Dehres Ltd., a major manufacturer of fine diamond jewelry, he has expanded the company internationally, with offices in New York, Tel Aviv, Shanghai and Thailand.
Source: GIA 18th July 2008

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Will these three new board members

NAME THE GIA BRIBERS ?
*

Additional Reading :

GIA Hypocrisy Again

Are You Compliant Or At Risk ?

Historical Feature: GIA's Bribery Scandal

HRD Excellent Cut Grade ~ Halellujah !

DIAMOND GRADING The history and development of the International Diamond CouncilBy Dieter Hahn, WFDB Treasurer-General

Beware of GIA Lasered "H & A" Diamonds

TRADE ALERT: Fake GIA Laser FAKE GIA LASER INSCRIPTION DISCOVERED IN MELBOURNE

DO NOT TAKE THE GIA GAMBLE !

GIA Royalty & Religion - Why Some Dealers Avoid Both.

Why is it unethical for a jeweller or a diamond dealer to certify their own diamonds?

Historical Feature: GIA's Bribery Scandal Certifigate 1
RISKY CORRUPT GIA DIAMOND GRADING REPORTS Certifigate 2
GIA emerging from tough 18 months, but it's still setting the standard Certifigate 3
Upgrading the Jennifer Lopez Pink Certifigate 4
GIA " The Internet Certificate " Certifigate 5
GIA Bribery Accusations: Correspondence awaiting reply Certifigate 6
Certifigate: Rallying Support for Closure Certifigate 7
Kimberley Process,Corruption & Integrity: Is it failing ? Certifigate 8
U.S. Court Subpoenas GIA ‘Certifigate’ Records : Certifigate 9
TRUTH AND JUSTICE - NO BLACKMAIL OR EXTORTION : Certifigate 10

GIA Versus DCLA

GIA " The Internet Certificate "GIA Inaccurate Diamond Gradings More Evidence from those who bring you the worst coffee in the world !

Problems with GIA Graded Diamonds in Australia

GIA GTL's Colour Grading Of Fluorescent Diamonds

GIA Harms Its Own Brand - " GIA – the World’s Most Trusted Name in Diamond Grading and Gemstone Identification "

Australian Diamond Vendors Trade in Fear of Rejection

Round Brilliants: Analysis Of Brilliance

Diamond Grading & International Diamond Council

FAILED LEADERSHIP AND FRAUDULENT CERTIFICATES

Adamas Gemological Laboratory

Controversial GIA Fluff Letter Revealed: Dealers Protest

Beware of GIA Lasered "H & A" Diamonds

TRADE ALERT: Fake GIA Laser

International Diamond Council Diamond Grading Laboratories

http://www.independentlycertifieddiamonds.com/

GIA : What Some Diamond Dealers Are Saying

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Today in History 19th July 1799

Rosetta Stone found

During Napoleon Bonaparte's Egyptian campaign, a group of his soldiers discover a black basalt slab inscribed with ancient writing near the town of Rosetta. Ancient Greek script on the stone told archaeologists that it was inscribed in the second century B.C. The Rosetta Stone was studied for two decades before French Egyptologist Jean François Champollion made a startling discovery: The two Egyptian scripts on the stone--hieroglyphic and demotic--belonged to the same spoken language. The artifact thus held the key to solving the riddle of hieroglyphics, a written language that had been dead for nearly two millennia. With his knowledge of demotic, Champollion was able to decipher the hieroglyphics, and the language and culture of ancient Egypt was suddenly open to scientists as never before.

Friday, July 18, 2008

Tips on Custom-Made Rings

Custom-made rings cost more than mass produced rings.

There are three to four people involved in the manufacture of a hand made ring:

1) The jewellery designer or manufacturing jeweller
2) The diamond/ gem setter
3) The polisher

Some jewellers are all three of the above however for the best results each of these three tend to specialise in their seperate fields and work together to produce the best results.

* Before selecting a jeweller ask to see some examples of their work

*Try on rings that resemble the one you want to have made

*If possible have good drawings, photos or models of the ring you want made

*Do not assume a ring will look exactly like it does in a photo

*Be specific as possible about ring features that you consider important

*If you have a ring that fits well and has about the same band width as the custom ring you are ordering, show it to maker so they can choose the best size ring for you

*Confirm delivery time and be prepared for delays

*Avoid Christmas periods... usually from the middle of November

*Obtain an estimated quotation

*Develop a relationship with a jeweller you can trust.

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Diamond Imports



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Today in History 18th July 64 A.D

Fire of Rome

On July 18, 64 A.D., a fire breaks out in Rome, spreading rapidly throughout the market area in the center of the city. When the flames finally died out more than a week later, nearly two-thirds of Rome had been destroyed. Emperor Nero used the fire as an opportunity to rebuild Rome in a more orderly Greek style and began construction on a massive palace called the Domus Aureus. Some speculated that the emperor had ordered the burning of Rome to indulge his architectural tastes, but he was away in Antium when the conflagration began. According to later Roman historians, Nero blamed members of the mysterious Christian cult for the fire and launched the first Roman persecutions of Christians in response.

Thursday, July 17, 2008

Future Headline: ‘DTC Sightholder Jailed for Attending Sight’ Part 3

This headline is not imaginary, just premature. No foreign DTC Sightholder has yet been jailed in South Africa for attending his own company’s Sight at the Harry Oppenheimer House in Kimberley. Technically, at the last Sight, both De Beers and some of its Sightholders were definitely in legal jeopardy as they all violated the law. This scary headline might actually still become reality unless sanity and common sense prevail. The current impasse in South Africa has become intolerable.

In the case of the DTC Sightholders, the country’s diamond Regulator kind of closed an eye at the last Sight. Next month may be a different story. However, the people who are truly most in peril are the foreign diamond traders, who are flocking at this time of the month to South Africa to participate in tenders in any of the nine tender houses in Kimberley, Wolmaranstad, Schweizer Renecke and other places. Under the new law, foreigners coming to buy rough in South Africa can only purchase at The State Diamond Exchange and Export Centre. Under the current law, there is no other option.

The Regulator will also supervise tenders at the Centre. This week (July 14), the Regulator issued a notice stating that from now on “no tender results will be published,” and “only the successful tenderer will be notified.” To make absolutely sure that no trader will actually become privy to tender results, the statement added that “the winning tenderer will not be entitled to know of the other tender bids.” The impact of this new policy is yet unclear.

Back to the licensing mess. Until this month, foreign rough diamond buyers in South Africa would “pose” as experts “assisting” licensed traders who would then make the purchase on their behalf. That is now specifically prohibited – and the Regulator is determined to enforce that prohibition. A foreign Sightholder attending his South African Sightholding company’s Sight without a local work permit and without meeting other preconditions is basically “advising” his company – which has a license. That is now against the law.

Incidentally, one tender house, the National Diamond Marketing Company, secured a court order to continue business as usual until July 21, 2008. The Regulator interprets the court order most narrowly. Says Mpho Rapudubudu of the SA Diamond and Precious Stones Metals Regulator’s legal division: “the court order only applies to the specific individual who was awarded relief as prayed for. The court order does not extend any rights to other licensees or foreigners who are doing business with the holder of the court order.” Despite the court order – this is hardly anything but business as usual.

Simon Sikhosana, who is the General Manager of the Diamond and Precious Metals Department and the Regulator, says unequivocally that, “unlicensed exporters and Tender Houses will not be allowed to do business with unpolished diamonds in our country. Our inspectors will be out there to monitor the situation and will not hesitate to call the police when necessary to deal with the illegal activities.”

Regulator Monitors will Call Police

To underscore that he means business, Sikhosana adds that they “strongly advise the law abiding business people to stay away from such illegal activity to avoid the strong might of the law.” It is the Regulator that is suggesting that the police may be called in – “police” is not a word that we would have used in context of the current legal mess. We appreciate, however, Sikhosana’s candidness and, for the record, we note that the Regulator’s CEO, Louis Selekane, specifically authorized Sikhosana to provide us these important position clarifications.

Let’s be very specific about the legal risk of the relevant players, i.e. the tender houses, foreign rough buyers, DTC Sightholders, and De Beers itself. Their problems are all related to a very simple section of the law that says: “no licensee may be assisted by a non-licensee or holder of a permit during the viewing, purchasing or selling of unpolished diamonds at any place – where unpolished diamonds are offered for sale in terms of this act, except at a diamond exchange and export centre.” Foreign Sightholders “viewing or purchasing” at the Harry Oppenheimer House in Kimberley are infringing this provision.

How can it be done legally? A Sightholding company is entitled to designate an “authorized representative” who will be licensed to view and look at the goods. In order to be an “authorized representative,” you must be a resident of South Africa, or you need a work permit to work in South Africa. So an Indian, Belgian or Israeli non-resident principal of a South African Sightholding company who wants to view the Sight goods before purchase or who wants to consider negotiating for some specials cannot qualify. If this sounds absurd then, yes, feel assured, it is.

A DTC broker active in South Africa believes that the DTC might turn the Harry Oppenheimer House into a so-called “diamond trading house.” This will allow trading with locally licensed traders. However, it will not solve the problem because “no holder of a diamond trading house, which is authorized to sell unpolished diamonds, may allow the assistance of a non-licensee or permit holder.” Theoretically, from a legal perspective, it would mean that any licensed dealer could bid and maybe buy Sight goods over the heads of the Sightholders themselves. It is an intriguing thought whether a diamond trading house can refuse to sell or show goods to licensed dealers.

The other option would be for the Regulator to establish an “export center” at the Harry Oppenheimer House. That would mean anyone could view the goods and bid for them as they do at the current State Diamond Exchange and Export Centre. It would also imply, however, that these foreign Sightholders viewing the goods will have to pay the $3,500 monthly license fee at every Sight they attend. That’s the law. The DTC would probably “negotiate” a waiver of the $3,500 fee for its overseas clients, which will bring an outcry and charges of unfair discrimination against non-DTC Sightholder buyers.

The DTC will undoubtedly find a solution well before the next Sight. Its clients are responsible for 80 percent of employment and 90 percent of the capital of the South African diamond beneficiation scene. Therefore, the Regulator is not likely to focus on these heavyweights and march them into jail. Other foreign diamond traders may not be that lucky. Nevertheless, DTC Sightholders shouldn’t be complacent. The Regulator is unpredictable and seems to zealously be guided by the law. So, yes, overseas Sightholders illegally “viewing Sights” will take a risk (as does the DTC itself) until a solution has been found. They should even be careful as to how to act in their own offices!

Mpho Rapudubudu of the Regulator’s legal division cautions that “in the case of a [Sight-holding] company, the license is in the name of the company and not the Sight holder. For the owner of the company to be able to do business on behalf of the company, firstly that person must be in the possession of a South African work permit and secondly, must be an authorized representative. In the event that the owner of the company which is licensed visits the premises of the company, without the intention of doing business on behalf of the company, such person need not have a work permit nor authorized representative certificate.”

In non-legal language, this means that a foreign Sightholder, who owns a company in South Africa, and who during a visit to that company makes a business phone call, could be arrested. It seems like prohibiting Mickey Mouse from entering Disneyland…

Nevertheless, the Regulator wants to assure that everybody is welcome. Says Sikhosana: “The law does not in any manner prevent the non-South Africans from doing business in the country but ensures that they comply with the laws of the country.” The aforementioned foreign buyer’s fee of $3,500 permits purchasing solely at the State Diamond Exchange and Export Centre. Not at the tender houses!

Stay Away from Tender Houses

Operators of the tender houses have been sending text messages to the mobile phones and BlackBerries of overseas clients urging them to come. They wish to protect business as usual – even though it is anything but… The operators realize that well over 40 percent of their rough sales go to foreigners, who also tend to pay higher prices and thus optimize the production revenues. We would caution foreign traders and almost suggest that they “stay away” from South Africa’s tender houses until there is greater legal clarity. In fact, at mid-week, it became clear that dozens of foreign buyers had cancelled their trips. It is easy to unwittingly get into legal problems – it is far more difficult to get out of them.

Dubai is holding a tender of southern African run-of-mine production this month. And if no solution is found for the South African situation, Dubai might become the second home for South African rough. This underscores the need for a quick rather than postponed solution.

Foreign experts - don’t assist “locals” at tenders, just keep a distance. I believe I’m echoing the view of Sikhosana, who strongly advises “law abiding business people to stay away from such illegal activity to avoid the strong might of the law.”

Incidentally, this month marks 141 years since the first large alluvial stones were discovered in South Africa. Surely, the time has arrived to get a workable and sustainable rough distribution system in place. Better late than never!

THURSDAY, JULY 17TH, 2008, CHAIM EVEN-ZOHAR

Additional Reading:

South Africa's Diamonds Loss of Influence Friday, June 13, 2008 Part 1

Temporary South African Pain Relief Monday, July 14, 2008 Part 2

DTC GATHERS LEADERS TOGETHER IN SOUTH AFRICA

Creative Capitalism: De Beers Role in Africa

Two South Africans appointed to diamond-industry leadership positions

"My diamond mine in Africa" : Alan Bond

100 years of Namibian diamonds

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Today in History 17th July 2008

The Pope Hits the Streets of Sydney

Over 500,000 people lined the streets and foreshores of Sydney Harbour to see Pope Benedict XVI. It was an incredible atmosphere of good will. The only disappointment was at the speed the Pope Mobile sped past the office of Diamond Imports in Bridge Street Sydney barely giving those that waited for hours to catch a quick glimpse of the Pope.

Earlier ( below), the Pope's boat-a-cade took him from Rose Bay to Barangaroo, with thousands of pilgrims cramming the harbour foreshore to catch a glimpse of the pontiff.
The Pope smiled in Rose Bay, Sydney's eastern suburban playground of the Diamond Guru who sadly was unable to meet the Pope personally because he was trapped in the office of Diamond Imports during the course of the day as seen by the above picture by thousands of cheering pilgrims, potential married couples and admirers patiently waiting to catch a glimpse of the man in white.
" Zee diamonds are zenzational at zee Diamond Imports mein lipschen "

1790 Thomas Saint patents the world's first sewing machine.
1945 World War II: Opening of the Potsdam Conference between world leaders Harry Truman; Joseph Stalin and Winston Churchill to plan for future peace once Germany has been defeated.

Merchant fined $220,000 for false diamond advertising

A GOLD-Coast based diamond merchant has been fined more than $200,000 for misleading customers in Brisbane and other Australian capital cities.

Carrerabenz Diamond Industries Pty Ltd pleaded guilty in the Brisbane Federal Court on July 9 to 27 charges laid by the Australian Competition and Consumer Commission for misleading customers in a series of diamond sales.

The Bundall company admitted placing six advertisements in national newspapers advertising diamond sales at "crazy prices" between 42 and 233 per cent less than the advertised "usual marked price".

But it admitted the diamonds or diamond jewellery, listed with a unique stock price, had not been previously offered for sale in Australia or offered for sale at the "usual marked price" as claimed.

The advertisements were promoting sales at exhibition venues in Sydney, Melbourne, Adelaide and Perth between January and March 2003.

Exhibition sales were also held in Brisbane and Tasmania.In a judgment that became available yesterday, Justice John Logan said the company had engaged in a course of criminal conduct that was not easy to detect and that had cost a considerable amount of public funds to investigate and prosecute.

Justice Logan fined the company $220,000 to ensure the company complied with the customer protection provisions of the Trade Practices Act, and to deter others from similar conduct.

ACCC spokesman Peter Clemes said little could be done for affected customers, who may or may not have paid a fair price for their products.

"We looked at the enticement to come to these sales, the immediacy that customers might not have got this value anywhere else when the reality was they could have got this value anywhere," Mr Clemes said.

He said the cases were a warning to companies to abide by regulations, and for customers to be wary of sales - particularly jewellery, where the average person had difficulty judging value accurately.

Mr Clemes said the case had been a complicated one, sparked by numerous complaints by jewellery retailers and the Australian Jewellery Association

Source: Leanne Edmistone July 17, 2008

Additional Reading:

Australian Competition & Consumer Commission ( ACCC)

Carrerabenz Diamond Industries Pty Ltd
Citation: QUD572/2005Conduct: ss. 75AZC(1)(g).

False or misleading representations Filing date: 20 December 2005

ACCC alleges Carrerabenz misrepresented 'before' price of diamonds at exhibition sales Issued: 23rd December 2005

Gold Coast based Carrerabenz Diamond Industries Pty Ltd, and its Managing Director, Shahid Chaudhary, used misleading price comparisons in advertising diamond clearance sales across four Australian States.

Diamond Imports have been told the advertised diamonds were backed up by a well known Queensland jewellery appraiser's valuations who is a member of NCJV ( National Council of Jewellery Valuers ).

NJVC jewellery valuers are incorrectly identifying diamonds by failing to certify loose diamonds by a recognised compliant laboratory .

Read more here : Fake Diamonds for Fake People

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Today in History 17th July 2008

The Pope Hits the Streets of Sydney

1976 Queen Elizabeth II opens the Olympic Games in Montreal, Canada.
1975 An historic handshake in space as Russian and American astronauts meet when the US spacecraft
Apollo successfully docks with the Soviet space craft Soyuz.
1964 British speed pioneer Sir Donald Campbell sets a new land speed world record of 429mph in his car, Bluebird.
1959 American jazz singer Billie Holiday is arrested on her death bed in hospital for possession of narcotics.
1955 Opening of Disneyland in California, USA.

Diamond Dealers Club of Australia Launches Website

"... when a member sells a diamond, they cannot legally hide behind an inaccurate classification they know to be wrong.
If a dispute arises and several dealers testify that the diamond in question is misrepresented, the member or diamond vendor may be held civilly liable by an aggrieved party in a court of law."



*
A timely warning to Diamond Vendors Using
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Additional Reading:
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Diamonds of Excellence




Today in History 17th July 1975

Superpowers meet in space

On July 17, 1975, as part of a project aimed at developing space rescue capability, the U.S. spacecraft Apollo and the Soviet spacecraft Soyuz 19 rendezvous and dock in space. As the hatch was opened between the two vessels, commanders Thomas P. Safford and Aleksei Leonov shook hands and exchanged gifts in celebration of the first such meeting in space between the two Cold War adversaries. During the 44-hour Apollo-Soyuz embrace, the astronauts and cosmonauts conducted experiments, shared meals, and held a joint news conference.

Wednesday, July 16, 2008

IDL OPENS FULL FLEDGED DIAMOND LABORATORY IN ISTANBUL

International Diamond Laboratories (IDL), an initiative of the Dubai Multi Commodities Centre, has opened a full fledged facility in Istanbul to offer its internationally recognized diamond grading services. At the inauguration event the first class of Turkish diamond graduates of the Dubai Diamond Academy received their diploma.

The newly opened laboratory is the first of its kind in Turkey and will offer IDL’s expert diamond grading certificates assuring consumers of the quality and value of their diamond purchase. It is also the first diamond grading laboratory that has automated the color grading process through the IDL Color Meter™, taking the human error out of the equation in color grading and therefore providing accuracy and consistency.

The lab will operate from the IKO headquarters in the center of the diamond and jewelry district of Istanbul.For the occasion, IDL held a meeting of its international Board of Directors in Istanbul. The IDL Board includes Ahmed bin Sulayem, Executive Chairman of DMCC, Dr. David Rutledge, Chief Executive Officer of DMCC, Ian White, former Sales Director of DTC, Peter Gross, former Global Head of the ABN Amro Diamond and Jewelry Group and Peter Meeus, former Managing Director of HRD.

“Considering Turkey’s leading position as a jewelry manufacturing centre and its growing consumer market for high quality diamond jewelry, entering the Turkish market is an important step for us. Our newly established lab in Istanbul will provide diamond grading certificates for loose diamonds and diamond jewelry. Since IDL reports are a mark of trust and objectivity, consumers can rest assured that their diamond purchases are of the desired quality and retailers offering IDL certificates will have an extra edge,” says Peter Meeus, Chief Executive Officer of IDL.

Sales of rough diamonds in Turkey stand around US$600 million while the consumption of diamond jewelry is around US$1.2 billion and the consumption of diamonds has risen around 25 percent annually. A growing population and Turkey’s position at the border of Middle East and Europe makes it an ideal location for trading and holds great potential for IDL’s services.

“IDL’s entry is a sign that the market is maturing and consumers and retailers are becoming more aware of the importance of diamond grading certificates. Their specialized services will definitely benefit the diamond industry as it helps to build consumer confidence. We welcome IDL’s presence in the country,” notes Allaattin Kameroclu, President of IKO which represents 6,000 wholesalers and retailers from the Istanbul region.

IDL, which offers specialized diamond education programs recognized worldwide, recently conducted an advanced program in diamond grading in Istanbul which saw 12 successful candidates graduate. The education program is done in collaboration with the Dubai Diamond Academy, a division of the Dubai Diamond Exchange (DDE).

IDL, which started operations in 2007 in Dubai, is also present in Antwerp, Jeddah and Mumbai and has offered many pioneering services like automated color grading and the world’s first diamond color certificate and Arabic language certificate. It is also the first lab to offer diamond jewelry certification services.

Source: Tacy Ltd 29th June 2008

Additional Reading:

Excellent Cut Diamonds will always display the maximum brilliance, fire & scintillation.
97.5% of a Diamond's brilliance is controlled by the quality of it's proportions
Excellent Cut Diamonds have properly proportioned facets, excellent symmetry & polish.

Copyright © 2007 Diamond Imports Pty Ltd
www.diamondimports.com.au www.certified-diamonds.com.au www.wholesale-diamonds.com.au
www.loose-diamonds.com.au www.diamonds-australia.com.au www.idealcutdiamonds.com.au
www.buyingdiamonds.com.au www.silverimports.com.au www.diamondguru.com.au
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Today in History 16th July 622

Traditionally the beginning of the Islamic Era - when Mohammed begins his flight (the Hejira) from Mecca to Medina.

Diamonds For Art Lovers

Diamonds Attract Funds
as
Largest Gem Prices Surge 76% in Year
By Scott Reyburn

July 15 (Bloomberg) -- Diamonds, like art, are a commodity that is gaining attention as an alternative investment.

Increases in the price of the rarest colourless and coloured diamonds are attracting wealthy investors and structured funds as stock markets and real-estate values decline.

The price of 5-carat gems with the potential to be sold at $1 million or more has risen 76.5 percent in the year to May 2008.

" There's a group of very savvy, tremendously wealthy people who have put a small portion of their fortunes aside to invest in diamonds,'' said Francois Graff, managing director of London- based Graff Diamonds International, in a telephone interview. " They've made incredible returns. ''

Five years ago, dealers were paying $70,000 per carat for colourless diamonds of 10 carats and more, said Graff.

" Now we're paying over $200,000 per carat,'' he said.

There are only about 200 highest-grade, D-flawless colorless diamonds of more than 5 carats discovered per year, according to Raymond Sancroft-Baker, Christie's International's European director of jewelry.

The annual yield of large-scale blue and pink stones is considerably smaller.

" Diamonds are getting rarer. The earth just isn't giving them up, '' said Sancroft-Baker in a telephone interview.

The commodity asset-management firm Diapason Commodities Management SA listed a specialist investment fund, Diamond Circle Capital Plc, on the London Stock Exchange on June 25. Diapason did not immediately respond to e-mailed requests for comment.

Public Listing

Diamond Circle Capital ( Story) is the first publicly listed fund to invest in rare colored and colorless diamonds.

The fund, which in June 2007 was due to have a $400 million start-up, raised $74.32 million through its initial public offering.

" Over the last 12 months, the best pink and blue diamonds have increased in price between 75 and 100 percent,'' said the New York diamond dealer Alan Bronstein in an interview.

Bronstein's Aurora Collection of 296 coloured diamonds is currently on loan to the Natural History Museum in London.
" These are some of the rarest and most colorful things in the world, '' said Bronstein, whose diamonds are specimen examples of less than 3 carats.

Rarity Value

" They used to be viewed as curiosities, '' said Joanna Hardy, senior specialist at Sotheby's jewellery department in London.

" Now buyers are taking coloured diamonds much more seriously. People want to have something different. And they value rarity.''

In May, the Codium Fund, specializing in investing in coloured diamonds of at least 1 carat, was to be launched in the Netherlands Antilles with a target investment of $100 million, Arab Times said on its Web site.

Over the last five years, managers of art-investment funds, which buy and sell a pool of works for a set management fee and a share of any profit made, have been keen to promote art as an alternative asset class.

So far, the Fine Art Fund, started in 2004, is the only one of these vehicles that has remained conspicuously active in the West.

Individual Choice

" The diamond market, like the art market, is based on individual transactions,'' said Graff, whose father Laurence is a bidder at many Sotheby's and Christie's contemporary-art auctions.

" The wealthy don't need to invest in funds. They can just pick up a telephone and buy the things for themselves.''

Graff said that within the last three months he has sold a D-flawless, emerald-cut colorless diamond of 243.96 carats to an Asian buyer for in excess of 50 million pounds ($99.6 million).

" There were quite a few people ready to buy that stone,'' said Graff, who has placed a similar price on a flawless 20-carat fancy deep-blue diamond.

The record for any gemstone sold at auction is the $16.5 million with fees paid for the 100.1-carat " Star of the Season' ' pear-shaped colorless diamond at Sotheby's, Geneva in May 1995, according to Sotheby's.

" When stock markets go down, it's always good for us,'' said Hardy. " People with a lot of surplus cash turn to something more tangible.'' Sotheby's was selling diamonds to buyers from a record number of countries, Hardy said.

" We've got a lot of customers from the Middle East, Russia and the Ukraine. And there are more buyers from Europe than America at the moment,'' she said.

Hardy does not expect prices for large-scale coloured and colourless stones to fall within the next six months.

" It's not as if there are suddenly going to be more of them, '' she said.
*
Additional Reading:

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Diamond Imports



Today in History 16th July 1945

First atomic bomb detonated

On July 16, 1945, the world's first atomic bomb is secretly detonated in the desert near Los Alamos, New Mexico. Under extreme secrecy, the British and Americans began development of the bomb in 1940. In 1942, the atomic program was placed under U.S. Army control and code-named the Manhattan Project, and in 1943 a laboratory directed by U.S. physicist J. Robert Oppenheimer was opened in the New Mexico desert. By the time of the successful Trinity test in July 1945, more than $2 billion had been spent on the bomb's research and development. News of the deadly new weapon was not made public until three weeks later, when two others like it devastated the Japanese cities of Hiroshima and Nagasaki.

Tuesday, July 15, 2008

Rio Tinto Promotes Champagne Diamonds

Champagne Diamonds
JCK-Jewelers Circular Keystone, 14th July

Rio Tinto Diamonds, the world's largest supplier of champagne diamonds, has released its latest range of champagne diamond promotional materials.

"The new range of promotional materials is aimed at supporting the retailer, educating the consumer and opening up new distribution channels." says Jean-Marc Lieberherr, head of Rio Tinto Diamonds NV, the Belgium-based company that sells the champagne diamonds from its Argyle mine in Australia’s isolated outback.

Rio Tinto Diamonds new material positions champagne diamond jewelry firmly with those consumers who like to express their individuality and appreciate the finer things in life, the company said in a statement. The brochure, sales training program, Web site, and other promotional material are aimed at showcasing the full color palette as well as communicating the versatility and accessibility of these very special gems.

Champagne diamonds from the Argyle mine are dated at several million years old, with the coloration due to stress on the crystal lattice structure as it was formed deep within the earth’s surface. The range of color, from light champagne to deep cognac, that is being embraced by jewelry designers.

"These diamonds mix and match perfectly, not only with each other but also with other colored diamonds, pearls and a variety of gemstones," said Swiss jewelry designer Suzanne Syz.

Rio Tinto Diamonds US representative office is distributing the champagne diamond promotional materials as part of its charter to drive demand for this product category in the U.S. market
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Additional Reading:

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Diamond Imports


Gem Diamonds Sells Ellendale Yellow Diamonds


Gem Diamonds (LSE: GEMD), the FTSE 250 diamond company, recently commenced successful cutting and polishing trials on a selection of its high quality white diamonds from the Letšeng Mine.

The Company is now pleased to announce that beneficiation trials on the intense and vivid yellow diamonds produced by its Ellendale mine have been successfully completed with a recent tender of polished yellow diamonds in Antwerp.

Four intense and vivid polished yellow diamonds totalling 15.7 carats were sold on tender in Antwerp for an average price of US$28 860 per carat.

The diamonds were cut and polished from 28.5 carats of rough by Matrix Diamond Technology using their proprietary diamond mapping and cutting technology.

Among the collection was a 7.1 carat cushion cut vivid yellow diamond which sold for US$52 000 per carat and a 2.3 carat cushion cut vivid yellow diamond which sold for US$19 000 per carat.

According to coloured diamond expert Professor Eddy Elzas, the owner of the largest collection of coloured diamonds in the world, prices have increased more than 500% in the last twelve years.

Gem Diamonds CEO Clifford Elphick commented:

"The success of this beneficiation trial supports management's view of the significant additional margin that can be captured from the cutting and polishing of Ellendale's top diamonds and we are very encouraged by the results. Since Gem Diamonds acquired Kimberley Diamond Company late last year we have implemented an aggressive turnaround strategy that is yielding not only more of these spectacular diamonds, but also a real return on the Company's investment." Source: Mineweb

Additional Reading:

Australian Diamond Exploration: Where to next?

Pink Diamonds: Ellendale Diamond Field

Facets of GIA Exhibit : Coloured Diamonds

GIA to Exhibit the Aurora Diamond Butterfly "Facets of GIA" Exhibit
*
Controversial GIA Fluff Letter Revealed: Dealers Protest
*
George Switzer, 92, Dies:Started a Gem Treasury
*
Mysterious Phosphorescence of the Blue Hope Diamond Solved
*
The Hope Diamond
*
Historical Feature: The Hancock Red Diamond
*
Green Diamonds & Diamond Enhancement : HPHT and Irradiated Diamonds
*
The Champagne of Diamonds
*
Pink Diamonds: Ellendale Diamond Field
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DIAMOND EXPLORATION - Rare purple diamonds found in James Bay
*
Record-Breaking Prices for Rio Tinto's Pink Diamonds
*
Pink Diamonds & Retail Jewellers' Enquiries
*
Fancy Colored Pink Diamonds
*
Diamond Colour
*
Antwerp Diamond Bank Report 2001 Old report but pictures that may prove interesting to some...
*

Eddy Elzas' " Eyegasm " Elzas on the surprise of colored diamonds.

*
Gem grunt to help Ellendale turn corner

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Diamond Imports

*

Diamonds of Desire


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Today in History 15th July 1606

Rembrandt born

The great Dutch master Rembrandt van Rijn is born in Leiden on July 15, 1606, the son of a miller. His humble origins may help account for the uncommon depth of compassion given to all the subjects of his art. His more than 600 paintings, many of them portraits or self-portraits, are characterized by rich brushwork and color and a dramatic interplay of shadow and light. Rembrandt prospered when he moved to Amsterdam but fell out of favor in his later years. However, economic and personal miseries never affected his mastery in many mediums. In addition to his many paintings, he produced 300 masterfully executed etchings and nearly 2,000 drawings.

1997 Italian fashion designer Gianni Versace is shot dead in Miami by serial killer Andrew Cunanan who is already wanted by the FBI in connection with four other murders. Cunanan is later found dead after committing suicide.

1948 The self-help American anti-drink group, Alcoholics Annoymous, is introduced into Britain with a branch being formed in London

1881 American outlaw 'Billy The Kid' - William Bonney - is shot dead by Sheiff Pat Garrett in New Mexico.
1869 Margarine is patented in France by Hippolyte Mege Mouries of Paris.
1815 French Emperor
Napoleon Bonaparte surrenders to Captain Maitland aboard the English ship Bellerophon, at Rochefort before being sent into exile on the island of St Helena.
1795 The Marseillaise, written by Rouget De Lisle, is officially adopted as the French National Anthem.
1685 James Scott, Duke of Monmouth, the illegitimate son of
Charles II, is executed for leading rebellion against uncle, James II.
1099 The city of
Jerusalem is captured by the Crusaders - ending centuries of Muslim rule.

Monday, July 14, 2008

Temporary South African Pain Relief Part 2

When government regulators mess up – and especially when they know it – they may quietly welcome court intervention to assure that things will remain workable. That’s what recently happened with the South African Diamond and Precious Metal Regulator and the July 1, 2008, date for new licenses to go into effect for diamond traders and manufacturers. Just a few weeks before the “New Order” license renewal date, it had been made clear that no license would be issued to any dealer or manufacturer who does not have a Black Economic Empowerment (BEE) equity partner. As such, many of the license applications, which had been made in the preceding months, would end up getting an automatic rejection. The negative scenario caused one trader, Paul Garrett Meyer, to seek intervention of the High Court of South Africa.

This instance showed how, sometimes, one man can make a difference. Garrett won – at least for the time being. The honorable Judge Jajbhay ruled that the Regulator must consider every application made before June 30, and during the weeks or months that it takes to consider the application, the applicant is allowed to continue to stay in business and trade as he did hitherto – without a BEE partner.

This ruling has immediately diffused a very explosive situation. It has created time for the parties to sit together and seek solutions. The BEE equity requirement has to be phased in over a five-year period in which 15 percent equity has to be sold to a BEE partner. Its beginnings may still be postponed or gradually be introduced. The Regulator has invited the industry to sit down with it to devise an industry-specific BEE charter. Such an industry-specific charter, however, will require an Act of Parliament to take effect. Until that happens, the Mining Charter will apply to the diamond industry.

The Regulator’s CEO, Louis Selekane, reminded the industry recently that BEE needs meaningful involvement of the partners. The essence of the relationship is what counts, and the Historically Disadvantaged South Africans must truly reap tangible economic benefits.

Meyer wasn’t the only one to go to court. One of the tender houses (National Diamond Marketing) also sought the court’s intervention claiming that the mechanism by which foreigners could participate in diamond tenders should be maintained as is. Under the previous regulation, a foreigner can seek the assistance of a locally licensed buyer and make the purchases through him. Here too, the judgment handed down allows temporary continuation of the status quo. This was initially seen as welcome news for the international community. Be careful, however, it is not!

The Regulator advised license holders that the court judgment only applies to the single tender house that applied for the order. In the meantime, Section 20A of the Diamonds Second Amendment Act of 2005 remains fully in force. That section says: “No license may be assisted by a non-license or holder of a permit referred to in Section 26(E) during the viewing, purchasing or selling of unpolished diamonds at any place – where unpolished diamonds are offered for sale in terms of this act, except at a diamond exchange and export centre.” Click here for temporary_buyers_licence_notice_to_clients_-_tl_1072.pdf.

Thus, the South African diamond industry is now waiting for a judgment by the Constitutional Court, which is considering a case brought by the alluvial mining producers. They want to continue to be able to sell to foreign buyers and they are unwilling to sell their hard-won output to the State Diamond Trader at less than “International Market Value.” The Constitutional Court has not sat on the matter yet. The pertinent papers have been served on the authorities, and parties are awaiting a trial date.

Similarly, the nation’s second largest producer, Trans Hex, is apparently maintaining the position of being willing to sell to the State Diamond Trader provided that it pays the same price that Trans Hex would get for its tenders. Indeed the transfer pricing between the miner and the State Diamond Trader is a problematic issue. (The whole State Diamond Trader organization may be based on sound concepts, and good people may be involved, but the outcome so far has been an unmitigated catastrophe.)

The cumbersome processes, which apparently need judicial intervention, are slowing down the entry of the “New Order” licenses. The delays provide the diamond industry and local and international stakeholders some breathing space. The players must use this temporary respite to make it unequivocally clear to the Diamond and Precious Metal Regulator that the industry will not waver in its (stated) commitment to support the transformation process.

Implementation of industry-wide BEE is not optional – it is the law, and it is economically, socially and morally the only way to go forward. It ought to be based on a dedicated and specific industry charter. Let’s hope the added time will be used wisely

THURSDAY, JULY 10TH, 2008, CHAIM EVEN-ZOHAR

Additional Reading:

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Diamond Imports



Today in History 14th July

1967
Abortion is legalised in Britain.
1966 Actress Brigitte Bardot is married for a third time - to German industrialist Gunther Sachs

HRD Sells 1,000th D-Scope


HRD Antwerp NV has assembled and sold its 1000th D-scope, a microscope and analysis tool for diamond companies, used in examining both rough and polished diamonds.

First developed by HRD in 2001, the D-scope has had a number of features added to its basic model since its initial release. The three light sources of the microscope are the darkfield light, the overhead light and the UV-light, all of which use halogen bulbs or LEDs. The result is a very bright, intense and cool light, enabling the grader to detect difficult inclusions and impurities, whether they are black or white.

HRD’s equipment department is also now in the process of developing a small, portable microscope for rough diamonds.
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Additional Reading:

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Diamond Imports

Today in History 14th July

1867 Swedish chemist Alfred Nobel first demonstrates the use of dynamite in a quarry at Redhill in Surrey.

Russia Reduces Auctions of Special Diamonds, Lifts Sight Values

ALROSA Company Limited is one of the world’s leading companies in the field of diamond exploration, mining and sales of rough diamonds, and diamond manufacture. ALROSA accounts for 97% of all Russia’s diamond production. Its share in the global rough diamond production is 25%.

After conducting up to 10 auctions a year in recent years, Alrosa has limited this year's tenders of special 10.4+ caraters to two rounds to date. One, the 28th listed auction, closed on April 24. This was followed between June 19 and July 8, by the 29th auction.

The April tender result was one of the largest on record, with all lots sold at an aggregate value of $34 million.

Alrosa assembled the 91 lots on offer. These comprised 623 individual diamonds for a total of almost 11,000 carats, averaging 17.7 carats per stone. There were 8 diamonds of over 50 carats, and one of 117.24 carats. The average value realized by the auction was estimated at $1,921/ct.

Those attending the tenders included 46 Russian and foreign-based companies from Israel, Belgium, India, USA, France, and Belarus. The June-July auction result was much smaller; sales amounted to $17 million. All 104 lots prepared by Alrosa were sold.

Altogether, 334 diamonds with an aggregate weight of over 5,200 carats were sold. The largest of the auctioned stones was 39.36 carats. The average value of the auction was $3,269/ct.

There were 30 bidders, including representatives from UAE. The state stockpile agency Gohkran has also held an auction of specials in the June-July period.

A source close to the bidding told PolishedPrices that 104 lots were sold, comprising 644 stones and 10,238 carats. A total of 187 lots, 1,376 stones, and 19,962 cats were on offer. Sales totalled $13.2 million for an average of $1,290/ct. "This was significantly higher than the initial valuation," the source said.

Ruis Diamonds, owned by Lev Leviev, was the dominant buyer at the Gokhran auction, taking more than 50% of the stones.

Aivers and Russian Diamond Corporation were also big buyers in that round. Ararat Evoyan, vice-president of the Russian Association of Diamond Manufacturers, said that "the results of these auctions are very good. The market for large stones is very good now.” Source: By John Helmer in Moscow

~~~

Alrosa faces rising cost of underground mining 4th July 2008
Although Alrosa says the days of its open-pit mines are now numbered, the decision has been made to develop the new Nakyinskoye (Nakyinsky) mine by the lower cost open-pit method.
This reverses an earlier decision to build an underground mine at the site. With reduced costs, the change should add to the profitability of the mine by 30%, according to a company statement in April. More recently, Sergei Vybornov, Alrosa's chief executive, announced a reshuffle of the company’s mining team.

“We have completely changed our mining team. And one of results of their work is the decision on moving to open-pit mining at the Nakynsky ore field. The project has been completely reconsidered, and it will allow us to save about $1 a billion on mining work alone. At the open-pit speed of working a deposit, which is three times better than average, we don't need to add more on the cost savings and improved profitability.

This sharply raises efficiency, and it is for us a very good outcome." At present, Alrosa says it is extending the Mirny, International, and Udachny mines from open-pit to underground.

Open-pit mining is under way at the newer deposits - Botubinsky, Nyurbinsky, and Maysky. Alrosa says that the cost blow-out estimated for the Nakyinsky led to the reassessment, and the redesign of the mine plan.

"We are now completing the open-pit working of our deposits. The company has been engaged for 50 years in open-pit mining. Now we are objectively compelled to move underground, gradually," said Vybornov.

He said the extra costs required for underground mining have been provided in the company's budget, and confirmed by the Supervisory board. Separately, Alrosa has announced completion of the share and capital restructuring, which has been under way for three years.

The federal government now controls just over 50% of the issued shares. Raising new capital for mine development is one of the drivers encouraging the board to convert the closed shareholding structure into an open one, and then consider a market placement or IPO.
By John Helmer in Moscow

Additional Reading:

Leviev Opens Moscow Store

Alrosa chief says weak dollar will force diamond industry to act

The Three Industry Wild Cards

Africa: The Bear And the Dragon

The Russians Are Coming The Russians Are Coming

Vybornov: Demand is Growing and the Supply is a “Bit Stuck” Versus Siberian Diamonds Limited

Historical Feature:The Lev Leviev Group Takes on De Beers

Natalia Sarsadskikh - Indicator Trailblazer at Yakut - World's Largest Diamond Mine Part 2 Mirny Siberia

World's Largest Diamond Mine

Russian Update

From Russia With Love

***

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All Our Diamonds Are In Stock


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Today in History 14th July 1789

Bastille Stormed

On July 14, 1789, militant Parisian workers storm and dismantle the Bastille, a royal fortress in Paris. Originally constructed in the 14th century, the Bastille was first used as a state prison in the 17th century. Although the average annual number of prisoners was only about 40, the Bastille came to symbolize the tyranny of the Bourbon monarchs. On the morning of July 14, 1789, when only seven prisoners were being held, a mob descended on the Bastille and demanded the arms and munitions stored there. When the prison governor refused, the people stormed the fortress and freed the prisoners. This dramatic action signaled the beginning of the French Revolution, a three-year reign of terror and political turmoil in which King Louis XVI was overthrown and roughly 1,000 people, including the king and his wife Marie Antoinette, were sent to the guillotine. The Bastille was demolished during the Revolution. Today, July 14--Bastille Day--is celebrated as a national holiday in France.

Sunday, July 13, 2008

GIA Raytrace Cut Study Materially Flawed


GIA Raytrace Cut Study Materially Flawed

NAME THE GIA BRIBERS

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Diamonds of Desire


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World Youth Day Sydney 2008 ~ Pope on Aussie Soil

WORLD YOUTH DAY SYDNEY 2008
Sydney Welcomes Pope Benedict XVI
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World Youth Day (WYD) is the largest youth event in the world and will be held in Sydney from Tuesday 15 to Sunday 20 July 2008.
Organised by the Catholic Church, WYD brings together young people from around the globe to celebrate and learn about their faith on a more regular basis.
WYD08 will be the largest event Australia has ever hosted. It will attract over 125,000 international visitors - more than the 2000 Olympics.
WYD08 will mark the first visit of His Holiness Pope Benedict XVI to Australia.
Through the WYD08 experience, young people from throughout the world will make a pilgrimage in faith, meet, and experience the love of God.
World Youth Day is an invitation from the Pope to the youth of the world to celebrate their faith around a particular theme. Everyone is welcome to attend.
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G-d Bless the expected 500,000 believers to attend the Holy Mass at Randwick Race Course.
Pope on Aussie Soil
Expectation among the Catholic faithful has reached fever-pitch with Pope Benedict XVI finally arriving in Australia for World Youth Day.
*
Additional Reading:
Just a gentle theological reminder about the messianic concept, Jesus was not a Catholic.
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"Uridah Tzarich Aliyah" meaning "a descent for the purpose of an ascent" : Lubavitcher Rebbe
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GIA Hypocrisy Again

"Hypocrisy is the tribute that vice pays to virtue." :
François, duke of La Rochefoucauld

Another Bit of Hypocrisy from the GIA

From: GEMOLOGICAL INSTITUTE OF AMERICA (GIA)COPYRIGHTS AND TRADEMARKS
http://www.gia.edu/about/42/copyright__trademarks.cfm

"Finally, former GIA staff, including instructors, technical staff, and administrators, may not advertise their former GIA employment status or years of service (past or present) in any type of advertising and/or other printed or electronic materials."

Now, as if GIA was truly unaware...

From:Bill Boyajian, Managing Director, World Jewelry Center Las Vegas USA
http://www.worldjewelrycenter.com/billboyajian.php

"Few people in this generation have had more impact on the gem and jewelry industry than Bill Boyajian. In his 31-year tenure with the Gemological Institute of America (GIA), 20 years as President, Mr. Boyajian has influenced the lives and careers of thousands of people and left a legacy that is larger than life."

If GIA has the balls and the convictions of their word (which I doubt) they should force Billy Boy, the past seat of cover-ups and alleged corruption, and the World Jewelry Trade Center to remove this violation of GIA policies...

Have a nice day ...

Marty Haske GG (GIA), Senior Member NAJA, ISA Appraisal Trained (past ISA), BS(MIT)/MS(MIT)Adamas Gemological Laboratory
*
Additional Reading:
*

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Today in History 13th July 1985
Live Aid Concert
On July 13, 1985, at Wembley Stadium in London, Prince Charles and Princess Diana help inaugurate Live Aid, a worldwide rock concert organized to raise money for the relief of famine-stricken Africans. Continued at several stadiums around the world, the 16-hour superconcert was globally linked by satellite to over a billion viewers in 169 nations. Many of the world's top pop artists, including Madonna, David Bowie, and Phil Collins, performed at the event, which ended with a performance of We Are the World, a hit song released earlier that year to benefit African hunger relief. The event, which was the brainchild of rock singer Bob Geldof, raised nearly $100 million for agricultural and technical assistance to Africa.

Dodgy Online Diamond Dealers ~ The Risk

Diamond Buyers Beware

Do NOT Accept

In-house diamond grading reports
or


At first glance the unknowing diamond buyer might find this acceptable because IGI confirm the report is done by an internationally recognised diamond grading laboratory however please note:
1) The IGI Trade Report as stated is NOT a grading report.
2) The IGI Trade Report as stated is NOT guaranteed.
3) There is NO WARRANTY of the diamond origin meaning the diamond could possibly be a conflict diamond or better known as a blood diamond.
IGI further claims " Available to the trade only, this preliminary document provides all relevant data related to the diamond, prior to the issuance of the final report "
or

MGR* Diamonds
(Manufacturer's Grading Report).
*
MGR diamonds have not been certified.
&
are of extremely low status despite bold claims

*
MGR diamonds are graded by the supplier as an
opinion only and are NOT independently graded.
*
MGR diamonds may be
colour and clarity graded inaccurately
*
MGR diamonds may be
synthetic.
*
MGR diamonds may be HPHT (High-Pressure, High-Temperature) diamonds.
*
MGR diamonds may be damaged by
hot laser inscription downgrading the clarity grade.
*
MGR diamonds may be treated
These are the most common known treatments:

1) Fracture Filling . Diamond clarity and transparency is improved by filling cracks with a compound that makes the crack almost invisible.

2) Laser Drilling. Dark inclusions are eliminated to improve clarity enhancement by laser drilling a narrow hole then bleaching or dissolving the inclusion with acid.

3) Coatings to improve the diamond's colour grade.

4) Irradiation & Heating is used to create coloured diamonds.

5) High Pressure High Temperature HPHT treatment used to improve the colour of diamonds with more expensive colour grades but have very little commercial value.
*
A diamond vendor selling an MGR* graded diamond does not understand the
correct protocols of independent diamond grading and is not being transparent.
*
If you are interested in an In-House graded diamond such as and MGR* diamond or an IGI Trade Report graded diamond always insist for an independent diamond grading report from a recognised accredited diamond grading laboratory at no extra charge.
*
Currently in Australia only the Diamond Certification Laboratory of Australia (DCLA) is compliant and can verify the accuracy of an In-House diamond grading report.
*
The principals of these on line diamond businesses are not trained diamond dealers and are simply marketeers or drop shippers. Many have no experience themselves and hide the fact that they come from different unrelated backgrounds but hide behind employing gemologists to add the credibility they themselves do not have but more on gemologists later.
*
They may carry a little stock to keep up appearances and the chances are very likely the diamonds they have on hand are on consignment from genuine local diamond merchants.
*
This suggests to us their is a very strong possibility that many of these online diamond vendors are insolvent offering the diamond buyer even less protection.
*
They post bogus website listings advertising thousands of diamonds they have never seen or do NOT stock, making false claims about the lowest prices in years.
*
It is all an illusion. It's easy to say you have the lowest prices if you have no stock.
*
Once again you are forgiven for being suitably impressed in believing that you are potentially dealing with a virtual diamond dealer offering you virtual diamonds... thousands of them in fact ! except they are invisible ! Choosing a single diamond from thousands of invisible diamonds is no easy task.
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Some online diamond vendors pay high rents and employ would-be expert " consultants " who are employed to catch an unwary baited buyer with one of their many bogus website listings via their cleverly disguised online diamond websites advertising thousands of diamonds they have never seen or own.
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To be fair we are pleased to learn since our campaign of exposing some of these online diamond vendors, they have been forced into carrying some limited diamond stock, once again to keep up appearances but what percentage of these diamonds actually are their own stock and not been consigned from other dealers is questionable.
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If the consigned diamond is so terrific why then has it not sold ?
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These employed " experts " have no experience buying diamonds yet profess their selling knowledge to the uneducated diamond buyer.
*
If you do not buy diamonds constantly how can you judge their selling price?
*
Visual Diamond Comparisons as provided by Diamond Imports is the only correct method.
*
Buying from lists is incorrect and serves no useful practical purpose other than sounding good on paper.
*
If you are buying diamonds from these online diamond vendor charlatans then you deserve the type of diamond you decide on.
*
They are parasites and falsely suggest they are providing you, the potential buyer, a wider choice to select from invisible diamonds.
*
It's Bulls#*t !
*
Dodgey online diamond vendors will be happy to sell you any diamond you ask for with no duty of care. They require the turnover to pay their high rent and employee's wages.It's a fact of their own survival. Most are battlers themselves trying to make a living and desperate people do desperate things.
*
Their advertised diamond prices simply can not sustain their existence with profit margins that are simply too ridiculous to mention. We seriously doubt their expertise and diamond product knowledge.
*
By offering what seems an incredible price on a diamond the unsuspecting naive buyer is baited by misrepresented facts and quality grades.
*
There are no bargains in diamonds in this current financial climate yet some online diamond vendors continue to still falsely advertise that their diamonds are the lowest prices in over 23 years. Again this is completely untrue. Diamonds are the highest prices in 28 years and there is no relief in sight.
*
*
If the advertised diamonds are such a good buy why then are they not in stock ready for sale?
*
Something has to be sacrificed and that is usually the quality of both the advice and the diamond. *
There are no shortcuts. If there were shortcuts,we would all be very rich.
*
These same online diamond vendors advertise their premises showing impressive looking offices providing an international corporate profile but it is all smoke and mirrors with a pleasant sounding telephone voice to add to the mystique.
*
Some online diamond vendors have closed down. Some have had to reconcile that they require cheaper rent and have relocated several times. Some rent serviced and shared offices. This is a security issue just on it's own.
*
The last thing a potential diamond buyer needs is to be the innocent participant in an armed hold up.Sadly too many online diamond vendors do not consider this a serious enough issue, probably because the diamonds they are selling are not their's, and they do not wish to appear hostile or unfriendly.This still does not excuse the risk being taken.
*
A potential client's safety deserves not to be at risk.It is bad enough clients are usually being shafted by the bad advice without being shot during a robbery.
*
An MGR* diamond is not an independently graded diamond.
*
Diamond vendors who market diamonds in this unethical fashion usually seek false credibility by affiliating themselves with trade organisations or employ a " parrot " or a minder with a gemological qualification to appear professional and hide behind.
*
A gemologist is not necessarily an independent diamond grader.
*
At Diamond Imports, we are both experienced jewellers with gemological qualifications and diamond graders however we still independently certify and grade our diamonds to avoid any conflict of interest. It simply is the right thing to do.
*
Likewise Diamond Imports will NOT accept other local domestic pseudo diamond grading reports. Currently they are NON COMPLIANT and a RISK WAITING TO HAPPEN.
*
DCLA is the only compliant and risk free diamond grading laboratory in Australia.
*
Our diamonds are exclusive to Diamond Imports .
*
If a diamond vendor is NOT selling you a DCLA independently certified diamond in Australia ask yourself why ?
*
Why push a foreign diamond grading report in Australia or worse still a domestic non compliant unrecognised diamond grading laboratory; a risk waiting to happen ?
*
*
Most diamond vendors are under the false impression they are protecting themselves and their reputations by hiding behind inaccurate diamond grading reports. They are wrong.Diamond vendors, not the lab, are liable to their clients.
*
If a diamond vendor is selling you a diamond with a foreign diamond grading report always verify the diamond has been accurately graded prior to purchase as a precaution and to avoid disappointment.
*
Hooorooo from De Guru
*
Additional Reading:
*
*

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*
Independently Certified Diamonds


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Today in History 13th July

1977 Police arrest more than 4,000 looters during a massive blackout caused by a power failure in the city of New York.

1942 Born American film actor Harrison Ford.He turned to acting again when George Lucas, who had hired him to build cabinets in his home, cast him in a pivotal supporting role for his film American Graffiti (1973). The relation he forged with Lucas was to have a profound effect on Ford's career.

Inflation Affects Diamond Prices


"It's only a matter of time before China exports it's inflation
to global consumers."

***
SURAT DIAMOND WORKER KILLED IN WAGE PROTEST

July 07, 2008
- Private guards open fire on mob
An Indian diamond worker was killed and six others injured on Sunday in the city of Bhavnagar in Gujarat when private security guards at a diamond unit opened fire on a group of workers who were protesting low wages, according to local media reports. Another worker is said to be critically injured.

Last week, more than 400,000 diamond workers in Surat launched a protest after several small and medium-sized polishing units refused to implement a wage hike of 20% that was negotiated by the Surat Diamond Association (SDA) and workers’ unions.

The police said the guards fired three rounds at the mob which had damaged glass panes and set ablaze some unit owners’ vehicles. The guard who opened fire has been arrested.

“Wages have remained static for over a decade, so we have no option but to ask for a wage revision,” Babubhai Jirawala, president of the Surat-based Diamond Workers Association, was quoted as saying.
“With inflation at a 13-year high and prices of essential commodities soaring, it has become difficult for the workers to survive. However, about a fifth of the small and medium-sized units refused to raise wages for their workers, citing a slowdown in demand and lower exports,” he added.

CHAIRMAN CALLS FOR TALKS TO END SURAT VIOLENCE
July 09, 2008
- Says solution can be reached if each side sees other’s point of view

In a statement released to the media today, Gem & Jewellery Export Promotion Council chairman Sanjay Kothari said, “I am deeply distressed by the violence and loss of life over the issue of wages for diamond cutters. Whatever the issue, I firmly hold that it can be resolved through dialogue and negotiation.”

Kothari went on to say, “From my perspective, I can see both sides of the issue. It is true that inflation has eaten into the spending power of workers and I understand their demand for increased wages. But it is equally true that in the current economic climate, especially with the drastic slowdown in the US market, it is extremely hard to generate business and one also understands the position of the cutting unit owners that they need to keep costs down.”

Kothari noted that such a situation reinforced more than ever, that the issues needed to be discussed at a negotiating table. “I am sure a solution satisfactory to all can be reached if both sides were able to see each other’s point of view,” he stated.

DIAMOND WORKERS STAGE PROTEST IN AHMEDABAD
July 10, 2008
- Stray incidents of stone-throwing reported

Diamond workers in the Bapunagar area of the city of Ahmedabad in Gujarat took to the streets yesterday after some polishing units refused to accede to their demand for an increase in wages, according to local media reports. Apart from a few stray incidents of stone-throwing, no major damage was reported.

Similar protests in Surat and Bhavnagar earlier this week claimed the life of one diamond worker when a demonstration turned violent. Most units in Ahmedabad remained closed yesterday as hundreds of diamond workers staged a protest demanding an industry-wide wage hike of 10-20%, Business Standard reported.

“There are some diamond units in Ahmedabad that have not fallen in line with the agitation and this sparked off the aggression on Wednesday,” a report by The Times of India quoted police officials as saying. One diamond polishing unit in Bapunagar received the full impact of this attack as agitating diamond workers pelted stones at the factory.

“I am deeply distressed by the violence and loss of life over the issue of wages for diamond cutters. Whatever the issue, I firmly hold that it can be resolved through dialogue and negotiation,” Gem & Jewellery Export Promotion Council chairman, Sanjay Kothari, said in a statement yesterday.
*
Indian Diamond Cutting Industry Under The Knife
by Vinod Kuriyan

The shakeout in the Indian diamond cutting and polishing industry has begun to accelerate. The incident where a diamond cutter demonstrating for higher wages was killed in Surat is one of the visible signs of this. There were more protests in Ahmedabad and I don’t think the whole thing is going to die down in a hurry despite the call for calm negotiations by the upset chairman of the Gem & Jewellery Export Promotion Council.

Sanjay Kothari’s statement actually encapsulates the situation extremely well. Inflation in India is currently raging in the region of 12% (many market gurus say it is much higher) and the cost of food alone has risen by over 30% in the last few months. You can absolutely understand why the cutters are agitating for more wages. Most unit owners do too. Almost all of them have agreed to hike wages. Just a handful of them are resisting.
This isn’t because these are bad people. They literally can’t afford to pay higher wages because they’re teetering on the edge themselves.
The Indian diamond market has been in the doldrums for some time now.
There isn’t much movement and business sentiment is really depressed.
The Indian industry’s problems began long before the slowdown in the US.
There was a massive build-up of production capacity a few years ago and right now, India has a huge overkill in production capacity.
Many units had already shut down forever before the US slowdown became apparent.
They just couldn’t chase down supplies of rough at prices that would afford them a decent spread.
The slowdown in the US multiplied the agony many times over.
There are many more units just hanging in by their fingernails today.
Sadly, the hard truth is there is still production overcapacity in India and the ground reality is that many more units will probably close before year’s end.

Additional Reading:


Inflation & Weakened US Dollar Affects Diamond Prices The Chinese government has increased supplies to control pork and grain prices as inflation hits 8.5%. Made in China may be cheap products for the rest of the world but for those living in China the cost of living has increased so people are wanting higher wages...at least 12% more in Shanghai already

DTC Raises Rough Diamond Prices by 5% to 15%

Record Leaps in Polished Diamond Prices in June

Policy-makers battle high inflation

By Burton Frierson

NEW YORK (Reuters) - The global economy is teetering between "the ice of recession and the fire of inflation" as policy-makers struggle to battle rising prices without choking off growth, data and comments from officials around the world showed on Friday.
U.S. economic figures showed sentiment among consumers remained near 28-year lows this month, with the vast majority convinced that the country is in a recession that is only getting worse. And they expect inflation to rise as well.
Japanese consumer sentiment hit a record not seen in the 26 years of the government's confidence survey.
Consumers worldwide have been battered by the surging price of oil, which hit yet another record high on Friday.
The world economy is teetering "between the ice of recession and the fire of inflation," International Monetary Fund Managing Director Dominique Strauss-Kahn said in Yalta, Ukraine, where he was attending a conference.
Making matters worse, the U.S. economy is struggling with a year-old financial crisis that is deepening by the day, with alarm swelling that mortgage giants Fannie Mae and Freddie Mac might run short of capital.
Economists worry that the crisis may ultimately exacerbate burgeoning inflation in the world's largest economy by undermining confidence in the dollar.

Diamonds Fund Terrorism in Surat, India

“Terrorists groups have started withdrawing money from the share market and are investing in the prosperous diamond industry,” a source in the FIU told DNA.

Officials at the state intelligence bureau refused to comment on FIU’s disclosures.

The president of the Surat Diamond Association, CT Vanani, said the market had witnessed some suspicious activities a few months back.

“A year ago, some people from Mumbai began purchasing diamonds worth crores of rupees. When the industry tried to trace the traders, they turned out to be non-existent,” said Vanani.

He said proper vigilance has now curtailed terror transactions.

The FIU, which is also a central reception point for suspicious transaction reports (STP), traced all foreign transactions of Surat’s diamond industry, especially those emanating from Belgium.

It found that a great deal of money was being invested by terrorist groups.

However, the FIU refused to formally comment on its investigation.

The director of the Institute of Peace and Conflict Studies, Ajay Sahni, said the terrorists are looking for industries that provide high returns. “Though there are no specific reports about such investment, their presence cannot be ruled out,” he said. Source: Roxy Gagdekar/ DNA MONEY Saturday, 07 June , 2008

MORAL OF THE STORY:

" If terrorism does not kill you then inflation will "

DTC Raises Rough Diamond Prices by 5% to 15%

Your Engagement Rings Are Going To Get More Expensive!

Hoorooo from De Guru

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Diamonds of Desire

Today in History 13th July

1992 Yitzhak Rabin becomes Prime Minister of Israel.
1960 In America, John F Kennedy wins the Democratic Party's nomination in the run for the Presidency - beating Senator Lyndon Johnson.
1955 Nightclub hostess Ruth Ellis becomes last woman to be hanged in Britain - executed at Holloway Prison for the murder of her lover David Blakely.
1943 World War II: The greatest tank battle in history ends in defeat for Germany - defeated by Russian forces at Kursk, south of Moscow. More than 6,000 tanks are involved in the battle - at least 2,900 German tanks are destroyed.
1939 American singer Frank Sinatra makes his first record - From the Bottom of My Heart.
1837 Queen Victoria becomes the first British monarch to live at Buckingham Palace in London.
1793 French Revolution leader
Jean Paul Marat is stabbed to death in his bath by Charlotte Corday. She is guillotined four days later.

Saturday, July 12, 2008

Diamonds ~ New Arrivals ~

~ New Arrivals ~
***
Diamond Imports is constantly replenishing their stock levels in anticipation of those who are seeking a chosen diamond of desire.

The following six new diamonds are now available for sale ex stock immediately and have been selected as diamonds worthy of consideration.

RBC 492 Round Brilliant 0.95ct I VS1 VG Ex VG DCLA#162532 AUD$5,478.00

RBC 493 Round Brilliant 0.98ct F SI2 Ex Ex Ex DCLA#162533 AUD$6,105.00 SOLD 12th July, 2008

RBC 494 Round Brilliant 0.82ct F Si1 VG Ex VG DCLA#162534 AUD$4,081.00

RBC 495 Round Brilliant 0.46ct D VVS1 VG VG VG DCLA#162535 AUD$2,475.00

RBC 496 Round Brilliant 0.33ct D VVS2 Ex Ex Ex DCLA#162536 AUD$1,782.00

FS 462 Trillliant 1.04ct F VS1 Ex DCLA#162537 AUD$8,316.00

All prices GST Inclusive.

Our diamonds are exclusive to Diamond Imports.

Unlike many of our competitors,who advertise thousands of diamonds they do not own or have have never viewed, all our diamonds are in stock.

We do not advertise diamonds we do not own.

You will not see our diamonds on any other diamond vendor's website.

More importantly you are dealing with the diamond dealer who understands the diamond not an employee or a " consultant " who reads the diamond specifications verbatim from a diamond grading report.

The diamond buyer can do that themselves.

At Diamond Imports we offer Visual Diamond Comparisons because we can.

ALL OUR DIAMONDS ARE IN STOCK

These diamonds are independently certified by the internationally recognised and accredited International Diamond Council and World Confederation of Jewellers' diamond grading laboratory, the Diamond Certification Laboratory of Australia, DCLA.

In May 1978 the "International Rules For Grading Polished Diamonds” were unanimously approved at the 19th Congress of the World Federation of Diamond Bourses and International Diamond Manufacturers Association. All the major diamonds laboratories have since adopted the system.

International Diamond Council (IDC)
There are Five Laboratories working to the IDC rules they are:

1. The Certificates Department of the Antwerp Diamond High Council HRD, Belgium;

2. The Swedish Testing Institute, Stockholm, Sweden;

3. The Jewellery Council of South Africa Laboratory SAJC, Johannesburg, South Africa;

4. The Diamant Prueflabor, Idar Oberstein, Germany.

5. The Diamond Certification Laboratory of Australia DCLA, Sydney, Australia

***
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Today in History 12th July

1930 Australian cricketer Don Bradman sets a new test record with an innings of 334 against England at Leeds - 309 scored in one day.

1920 US President Woodrow Wilson officially opens the Panama Canal - six years after the first ship sailed through it. ( Theodore Roosevelt and the Panama Canal )

1906 In France, the guilty verdict against army officer Captain Alfred Dreyfus for treason is annulled and he is restored to his rank and regiment.

1191 Richard the Lionheart takes the city of Acre during the Third Crusade.

100BC Birth of Roman Emperor Gaius Julius Caesar.

Friday, July 11, 2008

IDC releases new rules on diamond grading


July 10, 2008 Antwerp, Belgium—The International Diamond Council (IDC) has released a new version of its diamond-grading rules and plans to make those rules available on the Internet within two weeks.
According to a release from the IDC issued on Wednesday, the new rules were discussed and accepted during an IDC meeting held on July 2 in Antwerp, Belgium, the day after the World Diamond Council's 6th annual meeting on the Kimberley Process.
The IDC's new rules will be made available as an Adobe PDF document and will be downloadable from a designated IDC Web site. An announcement regarding the document's online location is forthcoming.
The release of the new "IDC Rules for Grading Diamonds" comes on the heels of an agreement between the IDC and the World Jewellery Confederation (CIBJO) made in Shanghai, China, in May.
At that meeting, CIBJO recognized the rules as a joint platform for establishing diamond-grading standards and nomenclature for lab-grown diamonds.
IDC Chairman Stephane Fischler calls the rules a "work in progress" and said they will continue to evolve to reflect technological and other advances in the diamond industry.
He said that by making the rules available for the whole industry to examine, he hopes the IDC will play an increasingly prominent role in the discussion about general standards for diamond grading and diamond nomenclature."
I believe IDC's role, as a vehicle of the World Federation of Diamond Bourses and the International Diamond Manufacturers Association, will only grow as the industry needs to offer consumers the best and widest possible range of quality assurances of the diamonds it sells to the public," Fischler said.

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Independently Certified Diamonds

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Diamond Grading Laboratories



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Today in History 11th July

1976 American singer Frank Sinatra marries for the sixth time - to Barbara Marx.
1975 China's Terracotta Army uncovered near the ancient capital of Xian. More than 8,000 life sized warriors were buried around 206BC to guard the tomb of the first Chinese Emperor.

Stefano Canturi - Australian Jeweller

Stefano Canturi


THE romance began with heat and passion but was doomed when Josephine failed to give Napoleon an heir. Yet when one of the last jewelled gifts presented to Josephine by her husband - a pair of diamond-and-emerald earrings - was placed on the market by Cartier in 1921, the world glimpsed a moment of tenderness in their ill-fated marriage.

According to comments from Pierre Cartier in The New York Times before their sale, the earrings were a favourite ornament of the Empress, "made by the court jeweller on Napoleon's express design and command".

Josephine's pear-shaped emerald pendants were then valued at $100,000, a hefty sum for the time. Last month, almost a century on, in a testament to the power wielded by jewels with spectacular provenance, a record-breaking price of $14 million was paid at a Christie's auction for jewels once belonging to Christina Onassis.

The magnetic pull of beautiful jewels was felt in full force at Diamond Divas, a recent exhibition in Belgium of jewellery once worn or owned by women of royalty, high society and the stars of the red carpet.

Gloria Swanson's Cartier bracelets, Grace Kelly's emerald-cut diamond engagement ring and the Edwardian diamond tiara worn by Madonna on her wedding day were just part of the selection displayed over three floors of the Antwerp Diamond Centre.

These jewels reveal more than the story of women with cash to flash, says the exhibition's event manager, Jennie Baeten. "Women who wore diamonds influenced the fashion and the spirit of the times," she says. "They were trendsetters and they created new styles. We chose the name diva because it comes from the word divine. Originally, only male emperors and kings could wear diamonds because they were thought to make them invincible."

And if you think such trendsetting divas belong to a bygone era, think again.
Jewels given in history's most controversial passions continue to inspire today's leading jewellers.

"The most famous love story from history that has inspired Cartier is the Duke of Windsor and Wallis Simpson's," according to a house spokesman. "Cartier created the famous Panthere brooch in 1947 for her and the recent Panthere de Cartier collection has been influenced by this amazing historical piece. "


Such beautiful jewellery will always be essential to women because, "it's a signature. An appreciation of beauty and craftsmanship and an expression of a dream."

In the world of film, Marilyn Monroe was one of the first celebrities to harness the seductive and mythical power of a beautiful gem when she wore the legendary Moon of Baroda, a 24-carat, canary-yellow diamond, on the publicity trail for Gentlemen Prefer Blondes.

The stone was put on rare display at Diamond Divas alongside the likes of Australian jeweller to the stars Stefano Canturi's diamond rings and choker necklace made especially for Monica Bellucci's vixen role in The Matrix films of 2003

Monica Bellucci

"This exhibition reveals an illustrious history where exceptional jewels go hand in hand with exceptional figures," Canturi says.

"I really enjoy delving into an old era or style for Hollywood films; it allows me to create pieces for certain periods and for certain characters.

For Moulin Rouge, I looked into the world of Parisian jewellery at the turn of the 19th century to design the bodice jewel, Satine, for Nicole Kidman's character.

These jewels are intricate, powerful, bold and beautiful and a true reflection of the diva personality. For The Matrix, I delved into the world that is yet to come; my jewellery designs from the Cubism and Mosaic collections are continuously evolving and are often described as futuristic."

"Cubism" Princess cut diamond ring by Stefano Canturi

Baeten says the connection between the film industry and diamonds can be traced back to cinema's golden era. "In the late 1940s there was a lot of lobbying in Hollywood to introduce diamonds into the movies and it was the beginning of the romantic idea that if you want to make your dreams come true, then you buy yourself a diamond. You can see in High Society there were quite a lot of elements that went into this idea. It was also important to know that once you get the diamond, even if you divorce, you can at least keep your ring."

Of course, this was before feminism and while it is no longer fashionable (or politically correct) for women to cling to diamond rings as financial security blankets, the diamonds are still the ultimate symbol of an everlasting bond. Source: Ella Mudie SMH July 10, 2008

Additional Reading :

John Calleija-Australian Jeweller

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Today in History 11th July

1995 English actor Hugh Grant is fined $750 by a court in Los Angeles court, put on probation for two years and ordered to take an Aids Education Course after admitting to lewd conduct with a prostitute.
1982 Italy win football's World Cup - beating West Germany 3-1 in the final.
1977 In Britain, Gay News is fined £1,000 for publishing a poem portraying Jesus as a homosexual.

DTC Raises Rough Diamond Prices by 5% to 15%

The Diamond Trading Company (DTC) raised the price that it charged sightholders this month by 15% for larger stones.

The DTC announced that prices for rough diamonds increased by an average of over 5% at its July sight, the sixth sight of the year.

Prices charged for rough diamonds producing higher-quality polished diamonds larger than one carat increased by as much as 15%.

DTC stated in a notice to sightholders: "In arriving at this pricing approach, we have been closely monitoring the polished-diamond market and, using data from multiple sources, have adjusted prices while taking a long-term and sustainable approach to our pricing."

The DTC announces price increases to its sightholders three times a year: Prior to the release of the company's annual results and at the sights preceding two major trade shows, JCK Las Vegas and the Hong Kong Jewelry and Watch Fair.

According to the DTC, these announcements were arranged after sightholders expressed a "keen" desire to know more about the fluctuation of prices.

The DTC announced that it provide its next cumulative price update at the August sight.
By: Rachel Lieberman, 10th July 2008

ADDED 11th July 2008 : De Beers raises overall rough prices by 5% for SI+ goods, with rough yielding 1ct+ SI polished increased by 10-15% and 0.20ct+increased 3-5%. July DTC sight estimated at $720 mil

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Today in History 11th July 1979

Skylab crashes into Australia

After breaking up in the atmosphere, the American space station Skylab comes crashing down on Australia and into the Indian Ocean five years after its last manned mission ended. No one was injured. Launched in 1973, Skylab was the world's first successful space station, safely able to house three separate three-man crews for extended periods of time. Originally the spent third stage of a Saturn 5 moon rocket, the cylinder-shaped station was 118-feet tall, weighed 77 tons, and carried an assortment of scientific equipment. The crews of Skylab spent more than 700 hours observing the sun and also provided important information about the biological effects of living in space for prolonged periods of time.

Thursday, July 10, 2008

Panama Diamond Exchange

From left: Avi Baron and Roni Elias, delegates of the newly accepted WFDB member, the Panama Diamond Exchange (PDE); Avi Paz, WFDB President; Erez Akerman, PDE president; Haviv Aviad, PDE Executive Director; Dieter Hahn, WFDB Treasurer General; Eli Izhakoff, WFDB Honorary Life President; Shmuel Schnitzer, WFDB Honorary Life President; Ernest Blom, outgoing WFDB President; and Michael H. Vaughan, Secretary General and Executive Director. (PHOTO CREDIT: MDBC)

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The Uncharted Diamond Territory
Called Latin America

There are very few uncharted diamond territories left in the 21st century, but it would be accurate to say that one area of the world has been left out for too long a time.

The Latin American region includes no less than 20 countries as well as 23 well-inhabited islands, with an overall population of 650 million.

The volume of business in the diamond and diamond jewelry sectors currently stands at $7 billion.

No less than 200 million make up a solid middle class in booming Latin American economies that are well accustomed to buying fine jewelry, as opposed to the emerging middle classes in India and China, which are not yet mature.

Doesn’t it sound like a veritable gold mine – or should we say diamond mine? It certainly did to Erez Akerman, President of the Panama Diamond Exchange (PDE).

Akerman is a multi-national diamantaire who has lived in the United States, Israel and for the past three years – Panama. “My settling in Panama was a happy mistake,” admits Akerman with a smile.

Panama sounds like a little piece of heaven. Akerman describes Panama City as a crime-free resort town with beach resorts, casinos and deluxe hotels.

And as far as financial activity is concerned, it is a businessman’s dream. Panama’s port city of Colon is a Free Zone city where there are no import or export taxes.

And business is booming. The idea to form a diamond exchange in Panama came to Akerman and other diamantaires from countries in the region such as Brazil, Chile, Costa Rica, and the Caribbean Islands three years ago.

Akerman elaborates: “Panama is already a hub, a distribution country for all sorts of commercial activity and travel.

It made sense to turn it into a hub for the world diamond industry as well.”

Some 12,000 fine jewelry stores exist in the region, over half the number in the United States.

The rising demand for diamond jewelry is being felt by dealers in the entire region. The fledgling PDE was recently accepted as a member of the World Federation of Diamond Bourses (WFDB).

The country’s Vice President and Foreign Minister, Samuel Lewis Navarro, is currently involved in talks regarding Panama’s application for membership in the Kimberley Process.

“The Panamanian government is very supportive of the country’s new diamond exchange.

It is aiding the PDE in its talks with various governments regarding trade agreements,” says Akerman.

“The PDE, which is currently under construction in Panama City, will be declared a Free Zone and will be exempt from import and export tax.”

He continues: “The new financial district around the PDE will include 15-20 high-rise buildings.

Our development teams are travelling all over the world to learn all of the important elements involved in the complex’s planning.

That is one of the reasons that we are visiting the Israel Diamond Exchange.

It is the perfect role model for us.”

Akerman is also visiting the Israel Diamond Exchange in order to draft a joint trade agreement.

" The leadership of the PDE is mainly Israeli," says Akerman.

“Our Israeli born Executive Director, Haviv Aviad, has 30 years of experience in the field of diamonds and jewelry.

Our team is closely connected to Israeli diamantaires and is well acquainted with the needs of the Israeli Diamond Industry.”


He notes that Panama is the ideal location for a world diamond industry hub.

“Buyers from all over Latin America will no longer have to face the hassle of acquiring visas for the United States.

They can take a short flight to Panama, spend the day and head for home.”

He stresses: “Accessibility is the name of the game.

Commercially we are talking about one huge market.

Panama is the ideal meeting place with excellent shipping possibilities.”

International companies will find it easy to set up offices in Panama, but prior to that good use can be made of the Internet.

A good deal of sales logistics can and is already being arranged via the web.

Akerman has high hopes for the future: “I believe we will double the trade in 4 to 5 years to $14 billion.

We want to attract the right institutions and services including gemological laboratories.

We plan to create a database of all of the jewelry stores in the entire region as well as 2 educational centers.

And we intend to develop a comprehensive website which will provide a news service about the region which currently does not exist there.”

It seems like the opportunities in Latin America are infinite and "manana" just may be too late.

By: Rachel Lieberman, 10th July 2008

Trump Ocean Club Panama

Additional Reading :



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Today in History 10th July 1943

Allies land on Sicily

After months of preparation, the British Eighth Army under General Bernard Law Montgomery lands on the southeast corner of Sicily. British and American forces had raced across the Mediterranean from Malta and Tunisia to attack Sicily's shores while the U.S. Seventh Army under General George Patton came ashore on the southwestern coast. On August 17, Patton arrived in Messina before Montgomery, completing the Allied conquest of Sicily and winning the so-called Race to Messina.

Are You Compliant Or At Risk ?

P R E S S R E L E A S E
FOR IMMEDIATE RELEASE CONTACT: AMY C. GREENBAUM/JVC
212-997-2002/amy@jvclegal.org

JEWELERS VIGILANCE COMMITTEE PRESENTS :

“COLOR GEMSTONE SALES: ARE YOU COMPLIANT OR AT RISK?”

AT THE JA/NY 2008 SUMMER SHOW SEMINAR SPONSORED BY AMERICAN GEMOLOGICAL LABORATORIES

Seminar to Stress Jewelers’ Obligations to Disclose Treatment of Color Gemstones to Avoid Being Sued.

Attendees Will Receive “The Essential Guide to the U.S. Trade in Irradiated Gemstones” brochure.

New York City — July 8, 2008 – The Jewelers Vigilance Committee (JVC) is presenting “Color Gemstone Sales: Are you Compliant or at Risk?” sponsored by American Gemological Laboratories at the JA/NY Summer Show, Jacob Javits Convention Center, Monday, July 28, 2008, 8:30 AM – 10:00 AM, room 1-EO3.

Panelists include Christopher Smith, vice president and chief gemologist, American Gemological Laboratories (AGL), and Cecilia Gardner, JVC’s president, CEO and general counsel. Robin Spector, attorney for the Federal Trade Commission, will appear on video with comments she made previously regarding the federal regulations governing gemstone disclosures.

Topics to be discussed include:

*disclosure of gemstone treatment to consumers,

*current legislation and initiatives on gemstones from Burma,

*updates on irradiated gemstones,

*including selling current inventories and legal compliance obligations on the part of manufacturers and retailers to disclose treatment of color gemstones.

*Knowledge of these obligations will avoid exposure to expensive lawsuits.

Smith and Gardner will examine some of the challenges the colored gemstone industry face today, particularly supply side integrity – conditions under which colored gemstones are produced and distributed.

Ms. Gardner will review material that was presented by the Federal Trade Commission at a color gemstone seminar JVC presented earlier this year.

There will be a Q&A period.

Seminar attendees will receive “The Essential Guide to the U.S. Trade in Irradiated Gemstones” brochure, co-authored by JVC and the American Gem Trade Association (AGTA).

Said Christopher Smith: Proper representation during the sale of gems is essential to be fully compliant with FTC guidelines.

This relates to the proper identification of the gem, as well as the disclosure of gemstone treatments.

Today, gemstone treatments are more extensive than ever before and they are becoming more and more complicated in terms of the techniques applied, means of identification and terminology for full and accurate disclosure.

As a result, accurate gemological authentication and disclosure from independent third parties is becoming increasingly more important.”

Said Cecilia Gardner: “Color Gemstone Sales: Are you Compliant or at Risk? focuses on the issues facing colored gemstone manufacturers and retailers and the steps the industry must take to disclose colored gemstone treatment to consumers, securing distribution licenses for irradiated gemstones and current legal initiatives in the House and Senate regarding gemstones from Burma.

Failure on the part of retailers and manufacturers to disclose treatment to color gemstones can result in costly lawsuits and negative publicity to jewelry businesses and to the industry. JVC urges all jewelers to protect themselves from risk by disclosing any and all treatments -- and the effects of the treatments -- to color gemstones. JVC thanks American Gemological Laboratories and Michael Haynes for their support to sponsor this important legal compliance seminar.”

This seminar is free to attend. No registration is required. Refreshments will be available.

For more information about JVC’s free legal compliance seminars, products and services, visit JVC’s Website: http://www.jvclegal.org/.

About American Gemological Laboratories
Founded in 1977 by C. R. “Cap” Beesley, American Gemological Laboratories (AGL), a subsidiary of the publicly traded Collector’s Universe (NASDAQ: CLCT), pioneered the development of the world’s first comprehensive Colored Stone Grading System. AGL has also provided detailed country of origin and enhancement reports for some of the most prestigious retailers and auction houses in the world for the past three decades. Today, AGL’s Fast Track suite of services and comprehensive Prestige program offer certification services for nearly all gemstones.

About Jewelers Vigilance Committee
Jewelers Vigilance Committee, founded in 1917, is a not-for-profit legal trade association fulfilling its mission to maintain the jewelry industry’s highest ethical standards. JVC offers dispute mediation and arbitration services for trade and consumers, compliance monitoring and precious metals testing, among many other services. JVC, long considered the industry’s guardian of ethics and integrity is a resource for the entire jewelry industry and its customers as well as an industry representative before government agencies, media and adjunct fields. For more information visit: www.jvclegal.org.
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This was emailed to me by the JVC this morning by Christopher P. Smith, American Gemological Laboratories
212-704-0727

Thank you Mr Smith.

It is interesting to note they used the very words I have been using now since November 2007.

Non-compliance is defined as a ‘breach’ situation where a legal process has not been commenced. In other words, each case of non-compliance represents a risk that has yet to be realized.”

“Are you Compliant or at Risk?”

I am sure my “fan club” will be delighted at reading this.

Non Compliant Diamond Grading Laboratories

Non Compliant Diamond Grading Laboratories Part 2

It is a shame the Jewellers Association of Australia here does not have the same influence.

In the meantime what is the JVC doing about naming the GIA bribers?
What do all these legal people actually do at the JVC?

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GIA " The Internet Certificate " for Drop Shippers

In light of the GIA bribery scandal ," Certifigate " , and our strong support of Chaim Even-Zohar's revelations , Diamond Imports refuse to stock ANY NEW GIA graded diamonds offered to us both for ethical reasons and many inaccurate diamond colour and clarity grades.
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Likewise anyone dealing in GIA graded diamonds is NOT someone we wish to deal with until GIA’s Gem Trade Laboratory decides to disclose the bribers' names and comes clean in order to inadvertently avoid dealing with a GIA briber.
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Anyone dealing in GIA graded diamonds is now suspect until GIA name the GIA bribers.
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Diamond vendors can not be absolved of any wrong doing hiding behind a diamond grading report recognised or unrecognised.
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They have both a moral and ethical duty of care to their clients.
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GIA is NOT an IDC diamond grading laboratory.
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Their colour grading standards are simply not as strict and Diamond Imports is not prepared to jeopardise their reputation unlike other diamond vendors who sell any diamond just for the sake of closing a sale.
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With the advent of the ever growing internet diamond retail market the concept of drop shipping has become prevalent.
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Drop shipping has enabled websites to give the appearance of a fully stocked retail business without the costs, overheads, knowledge or experience associated with running a business.
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Drop shipping has opened the door for many new dealers, markets and also scams.
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A lot of these drop shippers advertise GIA graded diamonds that are not in stock and do so to add false credibility to their websites.
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Hence now why GIA grading reports are now being referred as the Internet Certificate , a common report for the most ordinary diamond vendors marketing to the most mediocre clients.
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The only difference is professional diamantaires do NOT trust GIA reports, carry real stock and show the greatest respect to those diamond buyers who have done their own research prior to purchasing their chosen diamond.
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Diamond Imports has a duty of care to their clients and if GIA's is living off their past reputation we no longer trust GIA's integrity until the disclosure of the names of the GIA bribers.
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Read The Real Truth about GIA diamond grading reports here.
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Ask yourself why would an Australian diamond vendor promote a corrupt foreign diamond grading report ?
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BUYERS BEWARE
Unlike the majority of diamond vendors and GIA sycophants we refuse to stock ANY NEW GIA graded diamonds offered to us both for ethical reasons and many inaccurate diamond colour and clarity grades.
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Only deal with diamond vendors who sell diamonds from International Diamond Council diamond grading laboratories.
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In Australia we endorse and recommend the Diamond Certification Laboratory of Australia. (DCLA)
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Currently in Australia only the DCLA are recognised and compliant.
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Do not trust any diamond vendor selling diamonds with In-House diamond certificates or grading reports,manufacturers' diamond grading reports (MGR) and non compliant diamond grading laboratories.
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AVOID BUYING CONFLICT OF INTEREST DIAMONDS

Verify all GIA diamond grading reports prior to purchase as a precaution.We strongly suggest any GIA diamond grading reports as far back as 1995 should be re verified in light of the GIA Certifigate Bribery Scandal.
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GIA's refusal to DISCLOSE THE LIST OF GIA BRIBERS is a disgrace and an attempt to sweep this huge fraud under the carpet.
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We support the views of Chaim Even-Zohar.
" ...the Certifigate scandal covers a wide range of fraud, corruption, bribery, and forgery. We are talking about serious offenses. Whoever recognizes these basic elements has the answer to where we are heading: criminal matters must be dealt with and resolved in a court of law. It is just that simple."
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We hope other diamond dealers worldwide follow our example and make it quite clear that GIA's recalcitrance and arrogance will only harm the future of the diamond industry and it's own credibility.
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" It is worthwhile remembering that bribery is a predicate anti-money laundering offense. Anyone knowingly doing business with a company where the sources of money may have been derived from money laundering activities i.e., from bribery, is failing in his due diligence and is breaking the law himself. " : Chaim Even-Zohar
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NAME THE GIA BRIBERS
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The excellent reputation of GIA’s research and educational facilities are being tarnished by the action of the GIA’s Gem Trade Laboratory, the diamond grading arm of GIA.
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GIA’s diamond grading reports is part of a USD$120 million per annum non profit organisation.
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My clients are being informed daily to verify all GIA diamond grading reports prior to purchase as a precaution.
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Who is monitoring the graders both in the USA and elsewhere?
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Why do I keep finding GIA graded “D “colours that are really “F” colours coming via Hong Kong Indian diamond dealers?
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Why are diamonds being laser inscribed as “H & A ̶