Diamond News Archives

* U.S. 10-year yields hit one-year high * Palladium, platinum up more than 1% (New throughout, adds comments, updates prices) By Brijesh Patel Feb 24 (Reuters) - Gold prices fell more than 1% on Wednesday as surging U.S. Treasury yields and a firmer dollar dented demand...

(IDEX Online) - GIA has reported new instances of gems being submitted for grading with fraudulent inscriptions.

The diamonds were either lab-grown or treated naturals but bore inscriptions on their girdles relating to natural or untreated stones.

Last month its Johannesburg lab identified three cases of synthetic moissanite being passed off as diamonds, all bearing fake inscriptions.

In the more recent frauds, the "impostor" stones were close in weight and grading parameters to the originals and were inscribed with their GIA numbers.

 In one example, the report that accompanied a diamond submitted for an update was for a 1.50362 carat, VVS2, E, type I natural diamond with an excellent cut grade.

The newly-submitted stone with a counterfeit inscription was a man-made diamond, 1.51212 carat, VVS2, D, type IIa with a very good cut grade.

GIA has not said where the stones were submitted for grading, or by whom.

Pic shows a diamond newly inscribed as "Laboratory-grown" by GIA...

(IDEX Online) - A Hatton Garden jeweler has ditched the term "bridal" from all its literature.

It also says it will no longer uses the word "her" when referring to ring sizes.

Queensmith Master Jewellers, in the heart of London's traditional diamond area, describes itself as "Gay-Friendly" on its website.

It says at least five per cent of its customers are from same-sex couples and says it is moving towards a more gender-neutral approach to sales.

"We moved away from the term 'bridal' and made a conscious decision not to write gender specific copy in our branding and advertising," brand director Sam Nobles told the Daily Telegraph newspaper.

It says it takes pride in serving all members of the LGBTQ+ community. 

"Whether you identify as gay, lesbian, transgender, straight or anywhere in between, we create a welcoming experience for all couples looking for beautifully handcrafted engagement rings, wedding rings, promise rings and all fine jewellery," it says.

Pic shows the LGBTQ+ tab from the jeweler's website...

The Fed's most frequent lament is that no matter how many trillions in bonds (and stocks and ETFs) it buys or how much liquidity it forehoses into the market, it just can't push inflation higher.