By Leia Michele Toovey- Exclusive to Diamond Investing News
As the economic recession increased its stronghold on consumers, plunging jewellery sales sent the diamond industry into a tail spin. At the onset of the slowdown, the industry seemed immune, as sales of top tier goods overshadowed the decline in mid-grade diamond sales. However, as the recession’s reach increased even wealthy consumers curbed their spending. It was this development that spelled tragedy for diamantaires across the globe.
In the Diamond Trading Company‘s (DTC) third diamond sight of the year, which ran from March 30 through April 3, there was a glimmer of hope. In this sight, the amount of goods trading hands doubled compared to the previous three flights. However, the sales were still only about a third in value compared to last year’s year on year period. Cumulatively, in Q1 DTC sales dropped 76 per cent to $410 million, versus last year.
“We saw a slight return to demand-driven buying,” said one industry observer who attended the London event. “There’s a lack of rough in the market at the moment and everyone is looking at the goods much more seriously than previous months.” Participants were quick to point out that their purchases were curbed by the fact that DTC’s prices are still high relative to other sources in the market. Diamantaires dramatically scaled back their rough diamond purchases toward the end of 2008 after global economies fell, due to a lack of orders and the banks’ tightening of credit to the industry. DTC responded by committing to smaller sights until market conditions improve.
The world’s largest diamond miner, DeBeers, has responded to the drop in demand by mining fewer diamonds. It is anticipated that the company will drop production by around 30 per cent this year. DeBeers said in February it suspended mining at a Botswana venture responsible for a fifth of global diamond supply and would borrow $500 million from shareholders. As an additional cost cutting measure, De Beers has implemented sporadic temporary shutdowns at most of its operations.
De Beers maintains that diamonds are better positioned to weather the current economic crisis “because even in a recession people continue to get engaged, married, and celebrate special anniversaries, which diamonds are inherently linked to.”
Friday, September 4, 2009
Diamond data loses its shock value
By Leia Michele Toovey- Exclusive to Diamond Investing News
Since September, the diamond industry has seen figures reflecting the state of the global economy. The latest numbers to be received are the stats on February. Now, after six months the dire numbers have finally lost their “shock value”. The latest data show Belgium, Israel, India and the U.S. all witnessing high double-digit drops in their import and export data. Since the crisis hit, listed diamond companies have lost an average of 80 per cent of their market value.
The February numbers are an improvement over January, however, this is not saying much. In January, trade was virtually non-existent. For the near term, overall trading activity is expected to continue at low levels. In the face of the crisis, diamond miners have been focusing on ways to improve marketing and sales. ALROSA launched a pilot project to sell high-end diamonds for investment purposes back in September and joined De Beers, BHP, Rio Tinto and Harry Winston in launching a marketing campaign. Just recently, ALROSA signed a memorandum with the Leader Management Company to create a market for investment diamonds in Russia. The companies will work together to put the infrastructure in place to trade high-end cut diamonds as a marketable commodity.
The Global Picture
In India, the polished market is seeing an improvement in local demand. However, there are still very few foreign buyers. The local rough market is very slow and any goods sold are going for heavily discounted rates.
The Belgian market has witnessed some improvement; with increased demand for larger stones in the 3.00 to 6.00 carat range. Stock holders have complained that purchasers are looking at buying at unrealistic prices. In some cases, these low ball bids are being accepted. On Belgium’s rough side, demand remains low and diamantaires continue to work on existing inventory.
In Israel, diamond demand is strong in the 0.30- to 0.70 carat range.
China’s diamond wholesale market has warmed up and the retail market is surviving on bridal diamond demand. Purchases are strong 0.3- to 1.10-carat rounds, and wealthy households are taking advantage at purchasing 3 carats and above at 40 to 50 percent discounts.
Retail News
The weak retail market in the US has taken its toll on Tiffany & Co.’s fourth quarter 2008 sales. Weak consumer demand added to a few write downs caused fourth quarter profits to drop 76 per cent to $31.1 million. Tiffany took a one-time pretax charge of $97.8 million for an early retirement program. Approximately 800 employees were offered earlier retirement, 600 accepted the offer. There was also a $7.5 million pretax charge related to the anticipated closing of Tiffany’s Iridesse retail operations, charges of $12.4 million to write off an investment in diamond mining at the Jericho mine in Canada, and a pretax charge of $3.4 million to close its diamond polishing facility in Yellowknife, Canada. Overall sales declined 20 per cent to $841 million. Tiffany expects an 11 per cent decline in sales in 2009; and a coinciding 20 per cent decline in rough diamond prices.
Since September, the diamond industry has seen figures reflecting the state of the global economy. The latest numbers to be received are the stats on February. Now, after six months the dire numbers have finally lost their “shock value”. The latest data show Belgium, Israel, India and the U.S. all witnessing high double-digit drops in their import and export data. Since the crisis hit, listed diamond companies have lost an average of 80 per cent of their market value.
The February numbers are an improvement over January, however, this is not saying much. In January, trade was virtually non-existent. For the near term, overall trading activity is expected to continue at low levels. In the face of the crisis, diamond miners have been focusing on ways to improve marketing and sales. ALROSA launched a pilot project to sell high-end diamonds for investment purposes back in September and joined De Beers, BHP, Rio Tinto and Harry Winston in launching a marketing campaign. Just recently, ALROSA signed a memorandum with the Leader Management Company to create a market for investment diamonds in Russia. The companies will work together to put the infrastructure in place to trade high-end cut diamonds as a marketable commodity.
The Global Picture
In India, the polished market is seeing an improvement in local demand. However, there are still very few foreign buyers. The local rough market is very slow and any goods sold are going for heavily discounted rates.
The Belgian market has witnessed some improvement; with increased demand for larger stones in the 3.00 to 6.00 carat range. Stock holders have complained that purchasers are looking at buying at unrealistic prices. In some cases, these low ball bids are being accepted. On Belgium’s rough side, demand remains low and diamantaires continue to work on existing inventory.
In Israel, diamond demand is strong in the 0.30- to 0.70 carat range.
China’s diamond wholesale market has warmed up and the retail market is surviving on bridal diamond demand. Purchases are strong 0.3- to 1.10-carat rounds, and wealthy households are taking advantage at purchasing 3 carats and above at 40 to 50 percent discounts.
Retail News
The weak retail market in the US has taken its toll on Tiffany & Co.’s fourth quarter 2008 sales. Weak consumer demand added to a few write downs caused fourth quarter profits to drop 76 per cent to $31.1 million. Tiffany took a one-time pretax charge of $97.8 million for an early retirement program. Approximately 800 employees were offered earlier retirement, 600 accepted the offer. There was also a $7.5 million pretax charge related to the anticipated closing of Tiffany’s Iridesse retail operations, charges of $12.4 million to write off an investment in diamond mining at the Jericho mine in Canada, and a pretax charge of $3.4 million to close its diamond polishing facility in Yellowknife, Canada. Overall sales declined 20 per cent to $841 million. Tiffany expects an 11 per cent decline in sales in 2009; and a coinciding 20 per cent decline in rough diamond prices.
Rapaport TradeWire - Friday, September 04, 2009
Rapaport TradeWire - Friday, September 04, 2009
News: Rough prices softening in dealer markets despite increases by mining companies. Manufacturers squeezed by high rough prices as polished buyers continue to push for deeper discounts. Double digit drops in Aug. U.S. retail sales reflect cautious consumer sentiment. Tiffany & Co. 2Q sales -16% to $613 mil., net earnings -26% to $57 mil. DTC sight est. value of $480 mil. in Aug., ALROSA sales reach $200 mil. Belgium July polished diamond exports -35% to $958.3 mil., rough imports -45% to $627.8 mil. Japan’s July polished diamond imports -36% to $47.1 mil. De Beers partners with sightholders and retailers to launch Everlon Diamond Knot collection for Christmas sales push.
ANNOUNCEMENTS:
RAPAPORT INTERNATIONAL DIAMOND CONFERENCE - 2009
Sept. 10, New York Times Center – 8:30 a.m. to 5:00 p.m.
Conference Topic — "New Realities"
The New Economy and the Jewelry Industry
From Rough to Retail
Des Kilalea, Royal Bank of Canada
Christopher Ellis, Consensus Advisors
New Consumer Markets: The India Story
C.K. Venkataraman, COO Tanishq - Titan Industries
Mehul Choksi, Chairman Gitanjali Group
Riding the Wave of Change
Martin Rapaport, Chairman Rapaport Group
The Big Stone Market: The 47th Street Perspective
Ronald Friedman, Pres. DMIA
Moshe Mosbacher, Pres. NY DDC
And other leading NY diamantaires
Human Rights and the Diamond Industry: Panel Discussion
What can and should we do?
Ian Smillie, DDI
Eli Izhakoff, WDC
Cecilia Gardner, JVC
Brad Brooks Rubin, U.S. State Dept.
Human Rights Watch
The conference will be held at the new
New York Times Center, 242 West 41 St.
News: Rough prices softening in dealer markets despite increases by mining companies. Manufacturers squeezed by high rough prices as polished buyers continue to push for deeper discounts. Double digit drops in Aug. U.S. retail sales reflect cautious consumer sentiment. Tiffany & Co. 2Q sales -16% to $613 mil., net earnings -26% to $57 mil. DTC sight est. value of $480 mil. in Aug., ALROSA sales reach $200 mil. Belgium July polished diamond exports -35% to $958.3 mil., rough imports -45% to $627.8 mil. Japan’s July polished diamond imports -36% to $47.1 mil. De Beers partners with sightholders and retailers to launch Everlon Diamond Knot collection for Christmas sales push.
ANNOUNCEMENTS:
RAPAPORT INTERNATIONAL DIAMOND CONFERENCE - 2009
Sept. 10, New York Times Center – 8:30 a.m. to 5:00 p.m.
Conference Topic — "New Realities"
The New Economy and the Jewelry Industry
From Rough to Retail
Des Kilalea, Royal Bank of Canada
Christopher Ellis, Consensus Advisors
New Consumer Markets: The India Story
C.K. Venkataraman, COO Tanishq - Titan Industries
Mehul Choksi, Chairman Gitanjali Group
Riding the Wave of Change
Martin Rapaport, Chairman Rapaport Group
The Big Stone Market: The 47th Street Perspective
Ronald Friedman, Pres. DMIA
Moshe Mosbacher, Pres. NY DDC
And other leading NY diamantaires
Human Rights and the Diamond Industry: Panel Discussion
What can and should we do?
Ian Smillie, DDI
Eli Izhakoff, WDC
Cecilia Gardner, JVC
Brad Brooks Rubin, U.S. State Dept.
Human Rights Watch
The conference will be held at the new
New York Times Center, 242 West 41 St.
Gem-A to Outsource Testing to SSEF
RAPAPORT... Press Release: Gem-A and The Swiss Gemmological Institute (SSEF) have signed a memorandum of understanding (MoU) for Gem-A to outsource gemstone and pearl testing to SSEF in Basel, Switzerland. Although SSEF has operated internationally for many years, the new agreement will allow Gem-A’s U.K. members the advantages of convenience and the cost benefits of consolidated shipping. The final administrative and insurance details are still be finalized, but the arrangement will start January 1, 2010, with, it is hoped, a pilot scheme in operation within a few weeks.
Dr. Jack Ogden, Gem-A's chief executive officer (CEO), said, “I am delighted to announce that gemstone and pearl testing will soon be available again to our U.K. members. SSEF is a famous gem lab of acknowledged world-class standard and at the forefront of gemological research. This agreement builds on the long and close cooperation we have had with SSEF.”
Dr, Michael S. Krzemnicki, director of SSEF, said,“We have worked closely with Gem-A for many years and this laboratory initiative will hopefully contribute to ever closer cooperation and growth. Our testing for the gem and jewelry industry are vital for our ambitious research programs, which are of benefit to the entire gemological community and, ultimately, to consumers.”
Gem-A has been in discussions with SSEF since finally deciding to close its London laboratory in 2008, when the economic crisis stalled its own ambitious lab upgrading program.
About Us
The Gemmological Association of Great Britain, or Gem-A, is the world’s longest established provider of gem education and its graduates form an international community of gem professionals and enthusiasts. As a UK registered charity we seek to serve the best interests of the gem and jewelry industries, support gemmological research and are committed to the highest educational standards.
The Swiss Gemmological Institute SSEF was founded in 1976 as an independent gemmological laboratory and has since then gained worldwide recognition for its testing services at highest standards. Our certificates are a guaranty for your most prestigious colored stones, diamonds and pearls. Our international reputation is based on our research activities, focussing on origin determination of coloured stones, treatment detection of coloured stones and diamonds, and pearl identification, using the most advanced instrumentation. Apart from our testing services, the SSEF has also a long established education programme, offering courses in advanced and scientific gemmology.
Rapaport News is not responsible for and does not endorse the content of any press release. Press releases are not written by us and are provided as a service to our clients.
Dr. Jack Ogden, Gem-A's chief executive officer (CEO), said, “I am delighted to announce that gemstone and pearl testing will soon be available again to our U.K. members. SSEF is a famous gem lab of acknowledged world-class standard and at the forefront of gemological research. This agreement builds on the long and close cooperation we have had with SSEF.”
Dr, Michael S. Krzemnicki, director of SSEF, said,“We have worked closely with Gem-A for many years and this laboratory initiative will hopefully contribute to ever closer cooperation and growth. Our testing for the gem and jewelry industry are vital for our ambitious research programs, which are of benefit to the entire gemological community and, ultimately, to consumers.”
Gem-A has been in discussions with SSEF since finally deciding to close its London laboratory in 2008, when the economic crisis stalled its own ambitious lab upgrading program.
About Us
The Gemmological Association of Great Britain, or Gem-A, is the world’s longest established provider of gem education and its graduates form an international community of gem professionals and enthusiasts. As a UK registered charity we seek to serve the best interests of the gem and jewelry industries, support gemmological research and are committed to the highest educational standards.
The Swiss Gemmological Institute SSEF was founded in 1976 as an independent gemmological laboratory and has since then gained worldwide recognition for its testing services at highest standards. Our certificates are a guaranty for your most prestigious colored stones, diamonds and pearls. Our international reputation is based on our research activities, focussing on origin determination of coloured stones, treatment detection of coloured stones and diamonds, and pearl identification, using the most advanced instrumentation. Apart from our testing services, the SSEF has also a long established education programme, offering courses in advanced and scientific gemmology.
Rapaport News is not responsible for and does not endorse the content of any press release. Press releases are not written by us and are provided as a service to our clients.
GIA Introduces GemPassbook
RAPAPORT... Press Release, CARLSBAD: The Gemological Institute of America (GIA) today introduced a new “GIA GemPassbook™” for the advance purchase of two of its colored stone identification services: the GIA Identification Report and the GIA Origin Report.
Each passbook contains 50 pre-paid GIA GemPasses™ redeemable for identification or country-of-origin services. Identification GemPasses will be priced at $50 each, while passes for country-of-origin services will carry a fee of $100. Each GIA GemPass is valid for one service per stone, regardless of gemstone size. Passbooks may be purchased and redeemed at GIA Laboratories in New York, Carlsbad or Bangkok.
“We hope our new GemPassbooks will make GIA identification services more affordable and accessible to the colored stone industry,” said Tom Moses, senior vice president, GIA Laboratory and Research. “GIA GemPasses are also transferable, meaning our clients can extend these savings to their customers.”
GIA Identification Reports provide a detailed assessment of any type of gem material, and include identifying characteristics such as color, transparency, shape, cut, dimensions, weight and a color photo of the gem. A report also states whether the material is natural or synthetic and whether it has been treated to enhance its appearance.
A GIA Origin Report, available only for ruby, sapphire, emerald and tourmaline, includes all the details of a GIA Identification Report, plus an opinion on country of origin.
For more information, please contact Shwe-war Yee at 212.221.5858 ext. 3145, email syee@gia.edu or visit www.gia.edu.
About GIA:
An independent nonprofit organization, the Gemological Institute of America (GIA) is recognized as the world's foremost authority in gemology. Established in 1931, GIA has translated its expert knowledge into the most respected gemological education available. Early in the 1950s, GIA invented the famous Four Cs of Color, Cut, Clarity and Carat Weight. In 1953, the Institute created the International Diamond Grading System™ which, today, is recognized by virtually every professional jeweler in the world.
Through research, education, gemological laboratory services and instrument development, the Institute is dedicated to ensuring the public trust in gems and jewelry by upholding the highest standards of integrity, academics, science and professionalism. GIA can be found on the web at www.gia.edu . Media queries contact: Laura Simanton at 760.603.4112 or Jessica Sachariason at 760.603.4197.
Rapaport News is not responsible for and does not endorse the content of any press release. Press releases are not written by us and are provided as a service to our clients.
Each passbook contains 50 pre-paid GIA GemPasses™ redeemable for identification or country-of-origin services. Identification GemPasses will be priced at $50 each, while passes for country-of-origin services will carry a fee of $100. Each GIA GemPass is valid for one service per stone, regardless of gemstone size. Passbooks may be purchased and redeemed at GIA Laboratories in New York, Carlsbad or Bangkok.
“We hope our new GemPassbooks will make GIA identification services more affordable and accessible to the colored stone industry,” said Tom Moses, senior vice president, GIA Laboratory and Research. “GIA GemPasses are also transferable, meaning our clients can extend these savings to their customers.”
GIA Identification Reports provide a detailed assessment of any type of gem material, and include identifying characteristics such as color, transparency, shape, cut, dimensions, weight and a color photo of the gem. A report also states whether the material is natural or synthetic and whether it has been treated to enhance its appearance.
A GIA Origin Report, available only for ruby, sapphire, emerald and tourmaline, includes all the details of a GIA Identification Report, plus an opinion on country of origin.
For more information, please contact Shwe-war Yee at 212.221.5858 ext. 3145, email syee@gia.edu or visit www.gia.edu.
About GIA:
An independent nonprofit organization, the Gemological Institute of America (GIA) is recognized as the world's foremost authority in gemology. Established in 1931, GIA has translated its expert knowledge into the most respected gemological education available. Early in the 1950s, GIA invented the famous Four Cs of Color, Cut, Clarity and Carat Weight. In 1953, the Institute created the International Diamond Grading System™ which, today, is recognized by virtually every professional jeweler in the world.
Through research, education, gemological laboratory services and instrument development, the Institute is dedicated to ensuring the public trust in gems and jewelry by upholding the highest standards of integrity, academics, science and professionalism. GIA can be found on the web at www.gia.edu . Media queries contact: Laura Simanton at 760.603.4112 or Jessica Sachariason at 760.603.4197.
Rapaport News is not responsible for and does not endorse the content of any press release. Press releases are not written by us and are provided as a service to our clients.
The Diamond Trade Week in Review
RAPAPORT... Global Markets
Diamond wholesalers in the U.S. are reporting that business has returned to the busier pre-vacation levels in the past week. While July was slightly busier than previous months, the market slowed significantly during the three week August vacation period. Consumers are seeking cushions, radiants and rounds above 1.25 ct. Princess cuts are still in short supply from sizes above 1.25 ct. in the better colors and clarities and discounts for these goods are low. Rounds in 1.30-1.49 ct. and 1.75-1.99 ct. are hard to find, causing discounts to be almost non-existent for the better colors and clarities.
In Belgium, activity has improved slightly this week, with pockets of demand for 3.00 ct. commercial quality, and 1.00 ct. stones. Customers are trying to buy at cheap prices and premiums are being cut for both polished manufacturers and rough dealers, particularly since the mining companies raised rough prices in August. There is also a feeling that credit is becoming tighter again, given how aggressively Indian buyers procured rough in recent months.
The market in Israel is improving and there is growing activity in the bourse after a slow return from summer vacation. Dealers are more confident about selling prices and as a result, their buying bids have become firmer. They are looking forward to the Hong Kong show, which will signal the start of the end-of-the-year season. There is good demand for diamonds of 0.70-1.99 ct., especially 0.90-1.49 ct., H-J, VS. Demand is also increasing for D color stones.
Buyers in India have become more cautious in the wake of the rough price increases reported in August and are refraining from buying in bulk. Activity in the domestic market has improved due to the start of the festive season. Demand for princess cuts has picked up in the past few weeks, in particular for 1.00–1.49 ct., I+, VVS-VS. In rounds, activity has improved for 1.00-3.00 ct. offerings and there are reports of shortages for 1.00 ct. VVS-VS, excellent makes. Local retail demand is improving due to the ongoing wedding season and the upcoming Diwali festival.
Activity in China has improved as wholesalers step up preparatiosn for next month’s National Day Holiday Golden Week. Buyers are also looking forward to the Hong Kong Show later in September. Suitable sizes for the Chinese market include 0.30-1.00 ct., Triple-X or Double-X goods, which continue to sell well. Demand is healthy for 0.30-1.00 ct., D-H, VVS-SI stones. Melee goods for jewelry manufacturing are also in strong demand.
The market in Hong Kong remains stable and dealers are eagerly awaiting the show taking place there later this September. Even in the run-up to the show, diamond professionals are an increasing presence in Hong Kong. Still, there is a lot of price resistance and it is not easy to close deals. There are mixed expectations about the show, as some buyers expect prices from manufacturing centers to soften, while others still expect some resistance from sellers. Demand is healthy for rounds, 1.00-2.00 ct., H-J, VVS-VS, excellent cut and fancies, collection D-F, VS goods.
Between the Lines
There are reports that approximately $1 billion worth of rough was sold to the market in August by the major mining companies, which would make it the busiest month of the year so far. Diamond Trading Company’s (DTC) sight 7 had an estimated value of $480 million, while ALROSA reported sales of $200 million during the month. BHP Billiton, Rio Tinto, Gem Diamonds and Petra Diamonds also all hosted tenders. Despite reports that prices increased at all companies, it appears that manufacturers are still eager to buy rough. Most likely, they were out shopping for India’s Diwali festival, which begins on October 17, and for Christmas. The September Hong Kong show will provide an even better gauge of the prospects for both holidays, Christmas in particular. Either way, one would expect rough buying to slow down during the rest of the year.
Tiffany & Co. signaled continued difficulties in the retail market, especially at the high end, when it posted a 16 percent decline in second-quarter sales to $612.5 million. Sales in the first half of the fiscal year that ended July 31 were down 19 percent to $1.13 billion. The luxury jeweler has been hardest hit at its U.S. operations, where sales have dropped 28 percent in the six-month period, while sales in Japan fell 13 percent on a constant exchange basis, which discounts the effects of currency fluctuation. Sales in the rest of Asia rose 9 percent on a constant exchange rate basis, while in Europe, they grew 15 percent. Chief executive officer (CEO) Michael Kowalski said he expects some improvement in the rate of decline by the end of the fiscal year, adding that the company believes that “the current environment provides opportunity for significant gains in market share.”
Japan’s economic weakness continues to weigh on the diamond market, as reflected by the 36 percent drop in the country’s polished imports during July to $47.1 million. The month saw the largest drop in Japan’s polished imports so far in 2009, compared to the same month a year earlier, and marked a full year of consecutive declines. Imports for January through July were down 26 percent to $364.3 million. While Japan’s imports were consistently decreasing before the global economic crisis, the recession has intensified these declines. Whereas during the first half of 2008, the drops were predominantly in the low single digits, they have moved to range between mid-20 and mid-30 percent drops since then. Fixing Japan’s broken economy is expected to be high on the agenda of Japan’s newly elected Prime Minister Yukio Hatoyama, but it may take time for the diamond industry to observe growth in that country.
De Beers launched its Christmas marketing campaign, with sightholders and retailers unveiling the Everlon Diamond Knot Collection this week. The campaign will be the central theme of the mining company’s fourth-quarter marketing efforts and it again appears that De Beers is stepping to the plate to lead the industry to market diamonds, and, in its own words, “maximize demand for diamonds during the crucial holiday sales season.” That it has involved partner companies along the diamond pipeline is cause for further praise. De Beers has stated that it forecasts Christmas 2009 will be better than last year and we expect this campaign to play a major role in ensuring that it is. “Everlon provides a platform for trade members wishing to pool funds to create a more compelling program than could be achieved individually,” De Beers explained. “The launch of a big new diamond jewelry idea will create buzz and excitement for the entire diamond industry.”
Quote of the Week
After last week’s rough diamond price increases fed into some speculation on future price trends in rough and polished, we turn to Henry Luce, the founder of the Time-Life magazine empire, who said, “Business, more than any other occupation, is a continual dealing with the future; it is a continual calculation, an instinctive exercise in foresight.”
Diamond wholesalers in the U.S. are reporting that business has returned to the busier pre-vacation levels in the past week. While July was slightly busier than previous months, the market slowed significantly during the three week August vacation period. Consumers are seeking cushions, radiants and rounds above 1.25 ct. Princess cuts are still in short supply from sizes above 1.25 ct. in the better colors and clarities and discounts for these goods are low. Rounds in 1.30-1.49 ct. and 1.75-1.99 ct. are hard to find, causing discounts to be almost non-existent for the better colors and clarities.
In Belgium, activity has improved slightly this week, with pockets of demand for 3.00 ct. commercial quality, and 1.00 ct. stones. Customers are trying to buy at cheap prices and premiums are being cut for both polished manufacturers and rough dealers, particularly since the mining companies raised rough prices in August. There is also a feeling that credit is becoming tighter again, given how aggressively Indian buyers procured rough in recent months.
The market in Israel is improving and there is growing activity in the bourse after a slow return from summer vacation. Dealers are more confident about selling prices and as a result, their buying bids have become firmer. They are looking forward to the Hong Kong show, which will signal the start of the end-of-the-year season. There is good demand for diamonds of 0.70-1.99 ct., especially 0.90-1.49 ct., H-J, VS. Demand is also increasing for D color stones.
Buyers in India have become more cautious in the wake of the rough price increases reported in August and are refraining from buying in bulk. Activity in the domestic market has improved due to the start of the festive season. Demand for princess cuts has picked up in the past few weeks, in particular for 1.00–1.49 ct., I+, VVS-VS. In rounds, activity has improved for 1.00-3.00 ct. offerings and there are reports of shortages for 1.00 ct. VVS-VS, excellent makes. Local retail demand is improving due to the ongoing wedding season and the upcoming Diwali festival.
Activity in China has improved as wholesalers step up preparatiosn for next month’s National Day Holiday Golden Week. Buyers are also looking forward to the Hong Kong Show later in September. Suitable sizes for the Chinese market include 0.30-1.00 ct., Triple-X or Double-X goods, which continue to sell well. Demand is healthy for 0.30-1.00 ct., D-H, VVS-SI stones. Melee goods for jewelry manufacturing are also in strong demand.
The market in Hong Kong remains stable and dealers are eagerly awaiting the show taking place there later this September. Even in the run-up to the show, diamond professionals are an increasing presence in Hong Kong. Still, there is a lot of price resistance and it is not easy to close deals. There are mixed expectations about the show, as some buyers expect prices from manufacturing centers to soften, while others still expect some resistance from sellers. Demand is healthy for rounds, 1.00-2.00 ct., H-J, VVS-VS, excellent cut and fancies, collection D-F, VS goods.
Between the Lines
There are reports that approximately $1 billion worth of rough was sold to the market in August by the major mining companies, which would make it the busiest month of the year so far. Diamond Trading Company’s (DTC) sight 7 had an estimated value of $480 million, while ALROSA reported sales of $200 million during the month. BHP Billiton, Rio Tinto, Gem Diamonds and Petra Diamonds also all hosted tenders. Despite reports that prices increased at all companies, it appears that manufacturers are still eager to buy rough. Most likely, they were out shopping for India’s Diwali festival, which begins on October 17, and for Christmas. The September Hong Kong show will provide an even better gauge of the prospects for both holidays, Christmas in particular. Either way, one would expect rough buying to slow down during the rest of the year.
Tiffany & Co. signaled continued difficulties in the retail market, especially at the high end, when it posted a 16 percent decline in second-quarter sales to $612.5 million. Sales in the first half of the fiscal year that ended July 31 were down 19 percent to $1.13 billion. The luxury jeweler has been hardest hit at its U.S. operations, where sales have dropped 28 percent in the six-month period, while sales in Japan fell 13 percent on a constant exchange basis, which discounts the effects of currency fluctuation. Sales in the rest of Asia rose 9 percent on a constant exchange rate basis, while in Europe, they grew 15 percent. Chief executive officer (CEO) Michael Kowalski said he expects some improvement in the rate of decline by the end of the fiscal year, adding that the company believes that “the current environment provides opportunity for significant gains in market share.”
Japan’s economic weakness continues to weigh on the diamond market, as reflected by the 36 percent drop in the country’s polished imports during July to $47.1 million. The month saw the largest drop in Japan’s polished imports so far in 2009, compared to the same month a year earlier, and marked a full year of consecutive declines. Imports for January through July were down 26 percent to $364.3 million. While Japan’s imports were consistently decreasing before the global economic crisis, the recession has intensified these declines. Whereas during the first half of 2008, the drops were predominantly in the low single digits, they have moved to range between mid-20 and mid-30 percent drops since then. Fixing Japan’s broken economy is expected to be high on the agenda of Japan’s newly elected Prime Minister Yukio Hatoyama, but it may take time for the diamond industry to observe growth in that country.
De Beers launched its Christmas marketing campaign, with sightholders and retailers unveiling the Everlon Diamond Knot Collection this week. The campaign will be the central theme of the mining company’s fourth-quarter marketing efforts and it again appears that De Beers is stepping to the plate to lead the industry to market diamonds, and, in its own words, “maximize demand for diamonds during the crucial holiday sales season.” That it has involved partner companies along the diamond pipeline is cause for further praise. De Beers has stated that it forecasts Christmas 2009 will be better than last year and we expect this campaign to play a major role in ensuring that it is. “Everlon provides a platform for trade members wishing to pool funds to create a more compelling program than could be achieved individually,” De Beers explained. “The launch of a big new diamond jewelry idea will create buzz and excitement for the entire diamond industry.”
Quote of the Week
After last week’s rough diamond price increases fed into some speculation on future price trends in rough and polished, we turn to Henry Luce, the founder of the Time-Life magazine empire, who said, “Business, more than any other occupation, is a continual dealing with the future; it is a continual calculation, an instinctive exercise in foresight.”
Wednesday, September 2, 2009
Dust to Diamonds?: Cremated remains turned into precious Gems
EVERYONE said she was a gem. Now, just eight ounces of cremated remains is all it takes to turn your mother into a diamond.
In fact, there's enough carbon in those ashes to make about 20 gems. And there will still be several pounds of ashes left over to display on the mantelpiece.
So far, nobody's ordered more than 11 diamonds, said Dean VandenBiesen, vice president of operations for LifeGem, which uses super-hot ovens to transform ashes to graphite and then presses the stone into blue and yellow diamonds that retail for anywhere from 2,700 to 20,000 dollars.
"It's not for everyone," VandenBiesen admitted, adding that for those who do chose to immortalize their loved ones in jewelry, the experience is extremely positive.
"We have people that approach us who have just experienced a tragedy and they say I can't wait, I'm so excited about this," he said. "In the field of death care, when someone says I'm really excited about this, I think we've achieved what we wanted to do which is change the culture of death."
The success of LifeGem is just one example of a radical shift in the funeral industry, said Mark Musgrove, immediate past president of the National Funeral Directors Association.
Americans are moving away from traditional funerals and are seeking instead less somber occasions that reflect the personality of the deceased. They are also looking for alternative ways to remember their loved ones.
While a decline in religiosity has contributed to the shift, Musgrove said it's mainly a reflection of a cultural phenomenon.
"Back in the 60's the baby boomers were getting married in scuba gear," he said. "They're getting older and they have the same individualism."
A quick stroll through the exhibition hall of association's annual conference shows just how far the 11-billion dollar US funeral home industry has moved towards "personalization."
Jeff Barrette is leaning on a maroon motorcycle, his leather vest and scull and crossbones bandana a striking change from the dark suits of most of his customers.
Displayed in his booth are urns made out of the engine cylinders of Harley Davidsons and mounted on stands with epitaphs like "Rider's Last Rest," which doubles as the company's name.
"It holds 270 cubic inches -- you could fit a big guy in there," Barrette told a potential customer, before explaining that the urn's carrying case is specially constructed to fit on the back of a bike in case "you want to take your buddy for a ride."
Demand for the 1,350 dollar hand-made urns has been slow, Barrette said, but that's to be expected in a niche market.
Memorial videos and websites, however, are a bustling business, said Joe Joachim, president of funeralOne, who has signed up 1,500 funeral homes in the past five months.
"Our ultimate goal is creating the ultimate funeral experience," Joachim said. "We want to make this a celebration of life and take it to the next level."
FuneralOne offers software that allows funeral homes to help families create videos, burn them onto DVDs and even make personalized brochures and websites. It also offers webcasting services so people who can't make the funeral can watch online.
The two-and-a-half-year-old company has recently partnered with another firm which makes solar-powered video screens that can be mounted on a tombstone and play a 5 to 10 minute tribute.
The 7-inch (18 cm) serenity panels will hit the market in January and Vidstone and chief executive officer Sergio Aguirre said he expects to sell up to 100,000 in the first year. "Everyone has a story to tell, and what better way than to share it?" he said.
In fact, there's enough carbon in those ashes to make about 20 gems. And there will still be several pounds of ashes left over to display on the mantelpiece.
So far, nobody's ordered more than 11 diamonds, said Dean VandenBiesen, vice president of operations for LifeGem, which uses super-hot ovens to transform ashes to graphite and then presses the stone into blue and yellow diamonds that retail for anywhere from 2,700 to 20,000 dollars.
"It's not for everyone," VandenBiesen admitted, adding that for those who do chose to immortalize their loved ones in jewelry, the experience is extremely positive.
"We have people that approach us who have just experienced a tragedy and they say I can't wait, I'm so excited about this," he said. "In the field of death care, when someone says I'm really excited about this, I think we've achieved what we wanted to do which is change the culture of death."
The success of LifeGem is just one example of a radical shift in the funeral industry, said Mark Musgrove, immediate past president of the National Funeral Directors Association.
Americans are moving away from traditional funerals and are seeking instead less somber occasions that reflect the personality of the deceased. They are also looking for alternative ways to remember their loved ones.
While a decline in religiosity has contributed to the shift, Musgrove said it's mainly a reflection of a cultural phenomenon.
"Back in the 60's the baby boomers were getting married in scuba gear," he said. "They're getting older and they have the same individualism."
A quick stroll through the exhibition hall of association's annual conference shows just how far the 11-billion dollar US funeral home industry has moved towards "personalization."
Jeff Barrette is leaning on a maroon motorcycle, his leather vest and scull and crossbones bandana a striking change from the dark suits of most of his customers.
Displayed in his booth are urns made out of the engine cylinders of Harley Davidsons and mounted on stands with epitaphs like "Rider's Last Rest," which doubles as the company's name.
"It holds 270 cubic inches -- you could fit a big guy in there," Barrette told a potential customer, before explaining that the urn's carrying case is specially constructed to fit on the back of a bike in case "you want to take your buddy for a ride."
Demand for the 1,350 dollar hand-made urns has been slow, Barrette said, but that's to be expected in a niche market.
Memorial videos and websites, however, are a bustling business, said Joe Joachim, president of funeralOne, who has signed up 1,500 funeral homes in the past five months.
"Our ultimate goal is creating the ultimate funeral experience," Joachim said. "We want to make this a celebration of life and take it to the next level."
FuneralOne offers software that allows funeral homes to help families create videos, burn them onto DVDs and even make personalized brochures and websites. It also offers webcasting services so people who can't make the funeral can watch online.
The two-and-a-half-year-old company has recently partnered with another firm which makes solar-powered video screens that can be mounted on a tombstone and play a 5 to 10 minute tribute.
The 7-inch (18 cm) serenity panels will hit the market in January and Vidstone and chief executive officer Sergio Aguirre said he expects to sell up to 100,000 in the first year. "Everyone has a story to tell, and what better way than to share it?" he said.
Monday, July 13, 2009
Diamonds Market
Overall Market
Global natural rough diamond production is estimated at around 160 million carats and US$12 billion per year at present. Rough (uncut) diamonds fall into the broad quality groups of gem, near gem and industrial. Typically, gem and near gem diamonds are used in jewellery whereas industrial diamonds are used principally for cutting and grinding purposes. Gem-quality diamonds account for over 80% of the value of the world diamond market.
Antwerp is the world's largest diamond trading centre with other key centres including Mumbai, Johannesburg and Tel Aviv. It is estimated that approximately 80% of the world's annual production of rough diamonds is under the control of the De Beers Group and other major diamond producers including Rio Tinto Group, BHP Billiton Group and Alrosa Group.
The Current Market
The diamond market has been less prone to the cyclical price fluctuations typical of many commodities, due both to its retail product nature and the domination of the market by De Beers, which has aimed to preserve an orderly market for diamonds through adjusting supply in times of over-production or economic recession. Since the Second World War rough diamond prices have shown an overall upward trend, with gem and near-gem diamonds generally showing the greatest increases.
The world production of diamonds in 2005 was estimated to be a total of approximately 160 million carats with around 70% of these being gem or near gem quality. In 2003, world demand for rough diamonds (US$9.5 billion) exceeded supply (US$8.2 billion), with the excess demand being satisfied from producers' existing stockpiles. This continuing excess of demand has lead to constant increases in diamond prices.
It is generally believed that the fundamental problem affecting the diamond market remains the low rate of replenishment of diamond resources. Despite more than US$500 million in diamond exploration spending in 2005, which is double that of 2002, there are currently no world-class discoveries to be turned into mines in the next 5-7 years. Fresh resources are running out and prices are increasing accordingly.
The projected shortfall in production versus demand has resulted in difficult trading conditions in the rough diamond market, and record price increases. Over the last three years, uncut diamond prices have risen by about 50%. The Diamond Trading Company or DTC, the sales arm of De Beers, raised its prices by 5% in August 2004; 3% in January 2005, then another 3% in June 2005 resulting in prices for 2005 being on average 9.5% higher than in 2004.
Global natural rough diamond production is estimated at around 160 million carats and US$12 billion per year at present. Rough (uncut) diamonds fall into the broad quality groups of gem, near gem and industrial. Typically, gem and near gem diamonds are used in jewellery whereas industrial diamonds are used principally for cutting and grinding purposes. Gem-quality diamonds account for over 80% of the value of the world diamond market.
Antwerp is the world's largest diamond trading centre with other key centres including Mumbai, Johannesburg and Tel Aviv. It is estimated that approximately 80% of the world's annual production of rough diamonds is under the control of the De Beers Group and other major diamond producers including Rio Tinto Group, BHP Billiton Group and Alrosa Group.
The Current Market
The diamond market has been less prone to the cyclical price fluctuations typical of many commodities, due both to its retail product nature and the domination of the market by De Beers, which has aimed to preserve an orderly market for diamonds through adjusting supply in times of over-production or economic recession. Since the Second World War rough diamond prices have shown an overall upward trend, with gem and near-gem diamonds generally showing the greatest increases.
The world production of diamonds in 2005 was estimated to be a total of approximately 160 million carats with around 70% of these being gem or near gem quality. In 2003, world demand for rough diamonds (US$9.5 billion) exceeded supply (US$8.2 billion), with the excess demand being satisfied from producers' existing stockpiles. This continuing excess of demand has lead to constant increases in diamond prices.
It is generally believed that the fundamental problem affecting the diamond market remains the low rate of replenishment of diamond resources. Despite more than US$500 million in diamond exploration spending in 2005, which is double that of 2002, there are currently no world-class discoveries to be turned into mines in the next 5-7 years. Fresh resources are running out and prices are increasing accordingly.
The projected shortfall in production versus demand has resulted in difficult trading conditions in the rough diamond market, and record price increases. Over the last three years, uncut diamond prices have risen by about 50%. The Diamond Trading Company or DTC, the sales arm of De Beers, raised its prices by 5% in August 2004; 3% in January 2005, then another 3% in June 2005 resulting in prices for 2005 being on average 9.5% higher than in 2004.
Tuesday, July 7, 2009
Pear-Shaped Sapphire Ring in Platinum
Two stunning pear-shaped sapphires, set in elegant platinum, make an ideal setting for your choice of center diamond.
Nouveau Ring and Band in Platinum
This classically crafted platinum engagement ring setting and matching wedding band feature sparkling pavé-set diamonds that elegantly highlight your choice of center diamond.
Six-Prong Ring in Platinum
This six-prong platinum setting is designed to beautifully complement your choice of center diamond.
Tuesday, June 23, 2009
Saturday, June 20, 2009
Flawless blue diamond, the most expensive gemstone in the world, sells at auction for £4m
One the rarest gems in the world has has been snapped up by a British jeweller for a record-breaking sum of almost £4million.
One of the rarest gems in the world, a flawless blue diamond, has sold for £4 million at a Sotheby's auction in Hong Kong.
This makes it the most expensive gemstone in the world, per carat, sold at auction.
After intense bidding, the 6.04 carat, internally flawless blue diamond fetched £650,000 per carat.
The price smashed a 20-year-old record held by the Hancock Red - a red diamond which fetched £450,000 per carat at the time, Sotheby's said.
Thursday, May 7, 2009
Cheap Diamond Wedding Ring
A cheap diamond wedding ring is the ideal choice for the bride and groom that is to say a little bit tight on the wedding budget. No doubt that one of the most significant moment in a woman’s life is her wedding. One of the most important elements of the wedding is the wedding ring. This is the main reason why finding the best yet more reasonable priced wedding ring is one tedious task for the soon-to-be married couple.
When looking for a cheap diamond ring, do not forget to seek guidance from trusted persons who might have reliable tips on where and how to find cheap diamond wedding ring. Compare the quality and appearance of every diamond wedding ring that you come across with when shopping. The four C’s- color, clarity, carats, and cut are the essential factors that contribute to the price of each ring. Be sure that you put enough emphasis on these areas when looking for cheap diamond wedding ring.
Yellow Diamond Rings
Yellow diamond rings are a perfect gift to anyone who is close to your heart. Yellow color has always got a very majestic and powerful look, so wearing a yellow diamond ring will give you an elegant look. Yellow diamond ring is the best one to wear for parties; the mellow color will have a very mystic power.
There are different varieties of yellow diamond ring available, so you can choose the best for your mate. The 4 C’s are important before buying yellow diamond ring. The color stands the most important from other 4C’s. Nowadays more and more women are attracted towards buying yellow diamond rings. The reason is that color yellow like other colors will not shout at others to “Look at me”. People will naturally look the fashionable and alluring yellow diamond rings.
Online shoppers attract women through the pictures of yellow diamond rings. One who sees the picture will definitely love to owe one.
Cheap Diamond Engagement Rings
If you are now ready to propose to the woman that you intend to marry, the next important undertaking that you have to face is finding cheap diamond engagement rings. It does not directly imply that they should be cheap because no diamond ring is cheap, perhaps reasonably priced; one that is within your budget. A diamond engage ring may cost from a few hundred dollars to several hundred dollars, but being resourceful and patient may lead you to finding your desired cheap diamond engagement ring.
In selecting diamond rings, the first thing that you should consider is the budget. Then you have to evaluate the shape of the diamond and the type of metal and ring setting. These are the factors that contribute to the price of the ring. You can make arrangements with your jeweler on modifications necessary for cheap diamond engagement rings.
It is ideal that you shop around and not buy the first diamond engagement ring that you can find. Shopping around will be useful when looking for a cheaper alternative.
14k Gold Diamond Wedding Rings
4k gold diamond wedding rings are the classic type of wedding rings used in most weddings. The 14k gold metal setting is commonly used because it is more affordable and yet has the capacity to hold the diamond piece in place. To make the gold metal more long-lasting jewelers combine it with other metals called alloys. Yellow gold alloys and white gold alloys are the elements that make it durable and stronger.
14k yellow gold diamond wedding ring is still the most desired option for those who prefer the traditional and classic color of gold. However, for those who prefer more durable choices, it is recommended that they choose white gold rings since they are stronger and hard-wearing. 14k gold is still the most ideal choice for wedding rings because it is strong and yet will not easily discolor. If you are choosing for the best karat gold for your wedding ring, 14k gold diamond wedding ring is the best choice.
Diamonds Rings Design 7
Diamond rings are always very precious and symbolizes love, purity and strength. The famous saying about diamond is that “Diamonds are forever” – so gifting a diamond ring to a woman means promising to hold her hands forever. Nowadays Diamond rings are used as engagement rings, wedding rings, promise rings etc.
Before buying a diamond ring one have to know the 4 C’s of diamond. There are four different characteristics- the Carat, the Color, the Cut and the Clarity. Diamond ring come in different types. The most popular is the Antique diamond rings which is not only stunning but also sentimental.
Diamond rings are one of the best gifts one can give and also one can get. But it is very important how you care the hardest substance. To keep diamond rings shining soak it in mild soap water and clean it with a soft brush. If the diamond ring you bought is very expensive don’t forget to insure itOur Dubai Diamonds
Dubai-Diamonds has sourced and manufactured outstanding pieces of diamond jewellery for visitors to Dubai. Please visit again soon as we are in the process of capturing the beauty of these pieces with full colour photographs of these diamonds and diamond jewellery.
Engagement Rings
Our master goldsmith can create your engagement, promise ring from a picture.
Ajediam is leader in custom made jewelry with the best materials, diamonds and gems.
Apart from the usual line-up of exquisite engagement jewelry,
we offer you the scope to pass on to your next generation timeless jewelry designed.
We are proud to have two of the most talented jewelry designers of Antwerp,
who have also acquired substantial international fame for their creations.
Tuesday, May 5, 2009
Diamond Rings 6
We have own our Jewellery manufacturing workshops and Master Jewelers in the UK, Australia the States and Hong Kong.We can manufacture any Ring or Jewellery design you wish to the highest standard, our Master Jewellers are
second to none and do create true handmade pieces of fine jewellery many times higher quality than
you will traditionally get with any mass produced cast designs. Our quality is guaranteed to please.
Three-Stone Rings2
#82[2ct]Royal Princess 3-Stone Lucern Bridal Engagement Ring
Add this to My Wish List
Buy with confidence..You get the real thing with Sona’s New Hybrid Simulated Diamond..We go one step further than all the rest and publish our results showing that "Carbon" is the primary surface element, and "Diamond" is made from carbon-see lab report below:
[1ct]Royal princess simulated diamond rated [VS1] clarity and [E] color with two flawless princess side stones weighing [1ct], set in artisan crafted, smooth polish, heavy lucern [9gram] solid gold ring...
Details: This 76 facet shape is available as a square or a rectangular. It is capable of displaying white flashes of light (brilliance) but their typically thin crown produces multi-colored flashes of light (fire). More weight is located below the edge than any other shape, therefore its size in millimeters is the smallest per carat weight. The usual high weight yield from rough makes it one of the most expensive shapes to manufacture. The Royal Princess cut is slightly rectangle and not perfectly square as the regular princess cut is. It is 1/2mm longer. Example: 6.0mm X 6.5mm. for the 1.00ct. stone..Three-Stone Rings
[1ct]Royal asscher simulated hybrid diamond rated flawless [VVS1] clarity and [D] color with two flawless asscher side stones weighing [1ct], set in artisan crafted, smooth polish, heavy [8gram] solid gold ring...
Details: This 76 facet shape is available as a square or a rectangular. It is capable of displaying white flashes of light (brilliance) but their typically thin crown produces multi-colored flashes of light (fire). More weight is located below the edge than any other shape, therefore its size in millimeters is the smallest per carat weight. The usual high weight yield from rough makes it one of the most expensive shapes to manufacture. The Royal Princess cut is slightly rectangle and not perfectly square as the regular princess cut is. It is 1/2mm longer. Example: 6.0mm X 6.5mm. for the 1.00ct. stone.Pink Diamond Engagement Rings
Many people consider diamonds to be white gems, but they are more accurately considered colorless. Fancy diamonds are those with distinctive colors, such as yellow, green, red, orange, brown, and pink. They are far less common and therefore more expensive than colorless diamonds.
The majority of the world’s pink diamond supply is mined in Australia, at the Argyle mine. This mine is also responsible for many other colored diamonds.
The largest pink diamond in the world is the Darya-i-Nur, an exquisite stone set in the Iranian crown jewels. Estimated to be nearly 185 carats, the stone is set in a frame of other gems as part of a bracelet. While this tremendous stone has been on display for a number of years, pink diamonds started to gain popularity as engagement rings in 2002 when Jennifer Lopez received a six-carat pink diamond engagement ring from Ben Affleck. Despite the fact that the marriage never took place, pink diamonds have continued to be sought after for engagement rings.
Thursday, April 30, 2009
18K Yellow Gold Spinel & Diamond Ring
Burgundy Spinel with Diamonds Ring!
Lady's 18K Yellow Gold Spinel and Diamond fashion ring has a single rectangular cushion mixed cut Burgundy Red Spinel measuring 7.32 X 6.50 X 4.50MM, weighing 2.05 CTS, Violetish Red Color, medium tone, moderately strong saturation, VS-2 Clarity, four prong set into the center of the ring.
There are 16 full cut Diamonds weighing approximately .68CT total weight, (16-.04CT), SI-1 Clarity, I Color, channel set four Diamonds into two rows in each shoulder. The bright finished fashion ring measures 6MM wide at the shoulders tapering to a 4MM wide base.
AGS Appraised Value $2600.00, 12/2006.
Overall weight 5.3 Grams.
RED DIAMOND RING
A model holds a ring with a very rare purplish red diamond of 2.26 carats at a Christie’s auction press preview in Geneva, Switzerland, Tuesday, Nov. 6, 2007. The octagonal shaped purplish red diamond is also the largest ever red diamond offered at an auction. The ring is expected to fetch an estimated 1,500,000 to 1,875,000 Swiss Francs (US$1.2 million to 1.5 million) in the upcoming auction Nov. 15, 2007.
18Kt White Gold Contemporary Oval Shape Blue Topaz Gemstone Ring
18Kt white gold gemstone ring with oval shape blue topaz and micro pave diamond shank.
| Material: | Gold |
|---|---|
| Metal Finish: | Polished |
| Metal Color: | White Gold |
| Gold Karat: | 18 Karat |
| Gemstone: | Topaz |
| Gemstone Shape: | Oval |
| Gemstone Color: | Blue |
| Gemstone Weight: | 2.95 Carat |
| Gemstone Dimension: | 8x10 mm |
| Gemstone Quantity: | 1 |
| Gemstone: | Diamond |
| Gemstone Shape: | Round |
| Gemstone Color: | H,I |
| Diamond Clarity: | I1 |
| Gemstone Weight: | 0.15 Carat TDW |
| Gemstone Quantity: | 16 |
| Ring Profile: | Custom Profile |
| Fit: | Classic |
| Feature: | Diamond Accent,3d Casting |
| Theme: | Casual Elegance |
| Occasion: | Anniversary |
| For Whom: | Ladies |
| Availability: | Usually Ships in 1 - 3 Business Days |
Blue Diamond Three Stone Ring
1 1/2 carat total weight classic round brilliant diamond three stone ring with a blue diamond center stone mounted in 14kt white gold
Black Titanium Rainbow Color Groove Diamond Ring
This black titanium ring measures 4mm wide and is tension set with a .10ct round brilliant cut diamond, further enchanted with a rainbow color anodized groove.| Material: | Titanium |
|---|---|
| Width: | 4 mm |
| Metal Finish: | Polished,Polished Channel |
| Metal Color: | Two-Tone,Black |
| Gemstone: | Diamond |
| Gemstone Shape: | Round |
| Gemstone Color: | I,J |
| Diamond Clarity: | I1 |
| Gemstone Weight: | 0.10 Carat TDW |
| Gemstone Quantity: | 1 |
| Ring Profile: | Flat Profile |
| Fit: | Comfort |
| Feature: | Centered Channel,Diamond Accent,Tension Set |
| Theme: | Contemporary,Classic,Casual Elegance |
| Occasion: | Engagement,Anniversary,Wedding |
| For Whom: | Men & Ladies |
| Availability: | Usually Ships in 3 - 5 Business Days |
Titanium Dual Nitol Rope Diamond & 18K Gold Ring
Brushed titanium ring with centered diamond, 18K gold accent and dual black titanium nitol rope.
| Material: | Titanium,Gold |
|---|---|
| Width: | 7 mm |
| Metal Finish: | Brushed |
| Metal Color: | Tri-Color,Yellow Gold,Black,Titanium |
| Gold Karat: | 18 Karat |
| Gemstone: | Diamond |
| Gemstone Shape: | Round |
| Gemstone Weight: | 0.10 Carat TDW |
| Gemstone Quantity: | 1 |
| Ring Profile: | Flat Profile,Beveled Edge |
| Fit: | Comfort |
| Feature: | Diamond Accent,Cable Detail,Gold Accent |
| Theme: | Contemporary,Sports |
| For Whom: | Men & Ladies |
| Availability: | Usually Ships in 3 - 5 Business Days |
Two-Tone Tension Set Black Titanium Ring
The luster of black titanium beautifully complements the tension set diamond. A titanium tension set diamond ring exudes class and elegance.
| Material: | Titanium |
|---|---|
| Width: | 6 mm |
| Metal Finish: | Polished,Polished Channel |
| Metal Color: | Two-Tone,Black,Titanium |
| Gemstone: | Diamond |
| Gemstone Shape: | Round |
| Gemstone Color: | I,J |
| Diamond Clarity: | I1 |
| Gemstone Weight: | 0.17 Carat TDW |
| Gemstone Quantity: | 1 |
| Ring Profile: | Flat Profile |
| Fit: | Comfort |
| Feature: | Diamond Accent,Off Center Channel,Tension Set |
| Theme: | Contemporary,Classic,Casual Elegance |
| Occasion: | Engagement,Anniversary,Wedding |
| For Whom: | Men & Ladies |
| Availability: | Usually Ships in 3 - 5 Business Days |
1 CT. T.W. Yellow and White Diamond Ring in 10K White Gold
Truly exquisite, the yellow diamond has long-been admired and sought after, not only for its intense beauty and elegance but also for its rarity and value. This expression of eye-catching boldness, is rich with diamonds totaling 1 ct. Light up your finger with this luminous 10K white gold ring. Forming an elegant pear shape at the center, round, yellow diamonds cluster together. Brilliant and breathtaking, the sunny focus is outlined with sparkling white diamonds. Completing this remarkable design, a diamond-encrusted split shank is delightful with a single yellow diamond
Wednesday, April 29, 2009
14k Gold Emerald and Diamond Ring for a Man or a Woman
Great for him or her, this 14kt gold ring is glorified with an emerald cut Emerald and brilliant white diamonds. Great for Men or Women - please specify sizes up to size 12. (R3226) $1,995. Great fathers day gift.
4k 2 Tone Gold Mens Star Sapphire Ring with Diamonds
14kt two tone gold mens created Star Sapphire ring with Diamond accents. (334FA21R) $598
Mens Stainless Steel Promise Ring with CZ Stones
Six Cz gemstones bezel set across the top of this mens stainless steel promise ring with a rubber border. (146RDA07) $45
'Diagonal' Tension Set Diamond Titanium Ring
For American sizing please check our international conversion chart page by clicking here to choose your nearest UK size. Select the UK size that is nearest to yours in the dropdown menu on this page and then specify your US size in the comments box at check out.
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