Diamond News Archives

(IDEX Online) – The Israel Diamond Institute (IDI) will hold an auction of special stones at HKTDC’s Hong Kong International Diamond, Gem & Pearl Show following a successful pilot event last year. <?xml:namespace prefix = "o" ns = "urn:schemas-microsoft-com:office:office" /?>

The auction will be held at IDI’s Israel Diamond Pavilion, which this year will host 58 companies. There will also be 10 Israeli companies exhibiting in other locations throughout the show.

This is the second year that the Israel Diamond Pavilion will hold an auction of special stones offered by Israeli exhibitors. The goods will be on view and bids may be placed during the first two days of the exhibition, February 26 – 28. Progress on the bidding will be shown on screens located within the pavilion.

The Israel Diamond Pavilion will measure over 830 square meters and will be located in the Diamond Hall at the AsiaWorld-Expo. The pavilion will feature a visitors’ lounge, complete with smartphone charging station and refreshments. For the convenience of buyers, Get Diamonds terminals will offer a computerized database in both English and Chinese of all goods offered by Israeli exhibitors at the show.

The Israeli exhibitors will be presenting diamonds especially suited to Asian markets, with several companies showing very large and important stones and fancy colored diamonds. Moreover, many of the exhibitors will also be showing specially designed pieces of diamond jewelry.

Hong Kong is Israel’s second largest market for polished diamonds, representing close to 30% of total polished diamond exports. In addition to this show, IDI organizes national pavilions in three trade shows in Hong Kong every year -...

(IDEX Online) – ALROSA has conducted a media preview of a collection of large colored diamonds, including unique pink, bright yellow and pink purple gems.<?xml:namespace prefix = "o" ns = "urn:schemas-microsoft-com:office:office" /?>

The star of the show was a pink oval diamond weighing 14.83 carats - the largest pink diamond in the history of Russia. The gem it was cut from was mined in 2017 in the Ebelyakh deposit in Yakutia and became the largest pink diamond ever to be mined in Russia.

Before it was mined, ALROSA's largest pink gem had weighed 3.86 carats.

"Pink diamonds along with blue ones are considered to be the rarest and most precious of all, and the size and clarity of this specimen makes it one of the best to be discovered anywhere in the world in recent years. I am sure that this diamond will be the most expensive in the history of Russia's gem cutting industry," said Yury Okoyemov, Deputy CEO of ALROSA.

The largest stone in the exhibition was a deep yellow Asscher cut diamond, weighing 20.69 carats. It was cut from a rough stone with a rare honey hue, which weighed 34.17 carats and was the largest yellow diamond mined in Russia in 2017.

The pink and yellow diamonds will be soon transferred to GIA for grading.

Among the other diamonds displayed in the collection, highlights included a pink purple cushion-shaped stone weighing 11.06 carats and recognized by the GIA as the largest of its color in the world.

Okoyemov said: "The diamonds we are exhibiting are unique, and each of them perfectly embodies the...

Russia’s Alrosa (MCX:ALRS), the world’s top diamond producer by output in carats, has put together a collection of recently found large coloured diamonds, which includes a pink oval gem weighing 14.83 carats — the largest of its kind ever found in Russia.

The diamond it was cut from a rough found in 2017 at the Ebelyakh deposit in Yakutia, rated by the American journal The National Jeweler as the best discovery of the year. Before it was mined, ALROSA’s largest pink gem had weighed 3.86 carats.

“Pink diamonds among the blue ones are considered to be the rarest and most precious of all, and the size and clarity of this specimen makes it one of the best to be discovered anywhere in the world in recent years,” Alrosa’s chief executive Yury Okoyemovsaid  in a statement. “I am sure that this diamond will be the most expensive in the history of Russia’s gem cutting industry.”

The largest stone in the group, however, was a deep yellow asscher cut diamond, weighing 20.69 carats. It was cut from a raw crystal with a rare honey hue, which weighed 34.17 carats, also mined in 2017.

Other diamonds in the collection include a pink-purple cushion-shaped stone, weighing 11.06 carats, recognized by the GIA (the Gemological Institute of America) as the largest of its colour in the world.

In the last year, Alrosa has worked on boosting revenue from selling rare, coloured diamonds where demand is stable, although it is a niche business.

According to market analysts, the average price for pink, yellow, blue and green stones has risen consistently by...

Reality bites.

While millennials garner much of the negative press around financial issues — they live with their parents because they can’t get jobs! They spend all their money on avocado toast! — Gen Xers may be the ones who are really in trouble.

Just 16% of Gen Xers say that they included financial planning in their 2019 goals, according to a recent survey from Allianz Life. That’s compared with 27% of millennials. And when asked what 2019 resolution they were most likely to make, and to keep, just 38% mentioned managing money better and saving more; meanwhile 50% of millennials said that.

That lack of planning and goal-keeping could make a bad situation worse — as Gen X may already be financially worse off than other generations in a number of ways.

They’ve got the most credit card debt of anyone — yet still spend more than anyone on non-essentials. Members of Gen X have higher levels of credit card debt — which tends to carry a higher interest rate than most other debt — than other generations. Indeed, credit card debt levels peak between the ages of 45-54 at $9,096, with the second highest levels of debt being or those who are 35-44 at $8,235. Meanwhile, the under 35 set has just $5,808.

“Millennials and individuals over 74 years old held the least credit card debt. These two groups are also among the least likely to have a credit card, which can serve as a potential explanation behind the trend we are seeing here,” ValuePenguin explains of their data.

Despite their sky high credit card debt, Gen X spends big on non-essentials, according to data released in 2018 from finance site Bankrate.com. Indeed, “Gen Xers (ages...