You are cordially invited to join us at GemgenevΓ© Show 2024: Boot: D-30.
M.I.D. Specializes in: All shapes and sizes from 0.30ct to extreme sized diamonds of 10.00+ct; Parcels, single stones, matched pairs, and layouts Certified stock fromΒ GIA, EGL, AGS, HRD, and IGI Extremely Rare Fancy Colored Specialty Stones Premium cuts to value cuts in all shapes Fancy colored diamonds available in one-of-a-kind jewelry.
The Hong Kong Jewellery & Gem Fair is considered is amongst Asiaβs top 3 fine jewellery events and is a must attend trading event. In June 2019 31stΒ Hong Kong Jewellery & Gem Fair will take place at the Hong Kong convention and exhibition center and host 2,300 exhibitors from over 40 countries around the world.
MID House of Diamonds will be present and exhibiting at the September 2023 Hong Kong Jewellery & Gem Fair. Join Us! Booth: D 30
MID House of Diamonds will be among the exhibitors at the June 2020 JCK Vegas Show. Come say Hi!
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Discover
While the future course of the laboratory-grown diamond sector is not yet certain, one organization that is not sitting on the fence is the De Beers Group. Having launched its own laboratory-grown diamond jewelry company in 2018, the company is building a factory in the U.S. State of Oregon that, when at full steam, will be able to turn out up to 500,000 carats per annum.
A decision by Alrosa, the Russian diamond mining company, to create a single production framework that encompasses all of its cutting and polishing facilities raises the prospect of vertical integration in the diamond industry, reducing the very fragmented structure of the diamond pipeline, by which diamonds pass through multiple hands on their way from the mine to the retail jeweler.
With most of the year having played out in the shadow of the COVID-19 coronavirus, with billions of people around the word living with lockdowns and social distancing, 2020 is likely to be recognized as one of the most significant watersheds in the history of mankind.
As the end of the year approaches, there are increasing signs of market recovery, partly allaying concerns that holiday season demand may not be as devastated by the COVID-19 crisis as many had feared.
On consecutive days, two of the worldβs most influential gemological authorities have released information that indicates how gem labs are likely approach the controversial task of evaluating and reporting on the characteristics of individual laboratory-grown diamonds.
A private Japanese collector has handed over $15.6 million to purchase a 102.4-carat D-color flawless oval diamond during a hybrid online and live auction by Sothebyβs in Hong Kong.
While many of the Western luxury markets have been hit hard by the fallout from the COVID-19 pandemic, and are expected to decline between 25 percent to 45 percent in 2020 compared to the previous year, and indeed are unlikely to return to pre-coronavirus levels before 2023 or 2024, the situation is very different in China, according to a recently released report by the Boston Consulting Group (BCG), together with Tencent Marketing Insight.
With the COVID virus still a very salient factor in all major markets, where at the very least strict containment measures still remain force, retailers are coming to terms with the reality that they will have to approach the coming holidays season differently to how they have in years past, so as to salvage part of what clearly has been a very challenging year.
Gaetano Cavalieri, president of CIBJO, the World Jewelry Confederation, described the growing price differential between laboratory-grown and natural diamonds to be one of the most dangerous threats to consumer confidence facing the industry.
In early September, NDC announced the imminent debut of a new global advertising campaign, called βFor Moments Like No Other.β Filmed in July in coastal Portugal, the campaign celebrates the many emotional connections created by diamond jewelry, something that research shows will resonate strongly as the world emerges from the current COVID crisis.
One of the lesser known facts about diamond grading was that there did not exists an internationally agreed to system by which it was carried out, nor even professional requirements for someone presenting himself or herself as a diamond grader. That was the case until September 2020, when the International Standards Organisation published ISO 24016, the first-ever standard approved by the body.
Over the past decade, as growing Chinese affluence translated into a dramatic rise in overseas travel, tourists from the country became the mainstay of the luxury goods business in a wide variety of nations, and particularly so in Europe.
History was made on the lawns of the White House in Washington, D.C., when on September 15, 2020, Israeli Prime Minister Benjamin Netanyahu signed an agreement with the foreign ministers of the United Arab Emirates and Bahrain, normalizing relations between the Jewish state and the two Arabian Gulf countries. Just two days later, the impact of the deal became apparent, when the Middle Eastβs two largest diamond bourses, the Israel Diamond Exchange and the Dubai Diamond Exchange, signed their own strategic agreement of collaboration.
A 102.39-carat D color flawless oval-cut diamond, which will go on the block in a single-lot sale at Sothebyβs in Hong Kong on October 5, is being widely being billed as having the potential to become one of the the most expensive stones ever to sell at auction.
The mega-deal of the century, which many predicted would reshape the high-end jewelry retail market, looks like it is faltering, with the luxury brand juggernaut LVMH MoΓ«t Hennessy Louis Vuitton SE announcing on September 9 that it would be it was backing out of its $16.2 billion takeover of Tiffany & Co.
Entitled βOne Lifetime, One Encounter,β referencing the closure of the iconic mine, the 2020 Argyle Pink Diamonds Tender is a collection of the rarest diamonds from a yearβs production at the site in the remote east Kimberley region of Western Australia. It includes 62 diamonds with a total weight of 57.23 carats.
A report in the Indian media published September 2, 2020, confirmed by a source at the Bharat Diamond Bourse in Mumbai, was enlightening. It concerned what was said to be βa large number of Indian diamond traders,β who had been arrested in mainland China for allegedly smuggling in polished diamonds. Their reason for doing so was to avoid paying a 6 percent import tax levied by the Chinese government on diamonds brought into the country.
Since the start of the coronavirus epidemic during the first quarter of the year, the worldβs two largest rough diamond suppliers, De Beers and Alrosa, have consistently resisted calls to reduce the price of rough diamonds. At the same time, both companies relaxed rules governing their customers, allowing then to cherry-pick and even refuse merchandise offered during the regular sales cycles.
Since the start of the coronavirus epidemic during the first quarter of the year, the worldβs two largest rough diamond suppliers, De Beers and Alrosa, have consistently resisted calls to reduce the price of rough diamonds. At the same time, both companies relaxed rules governing their customers, allowing then to cherry-pick and even refuse merchandise offered during the regular sales cycles.
The LetΕ‘eng Mine in the mountainous southern African Kingdom of Lesotho has produced another massive diamond, with its owner, Gem Diamonds, announcing that a 442-carat stone was recently recovered at the site.
One of the worldβs most recognizable jewelry brands, Tiffany & Co., has announced that it will be making diamond traceability a central component of it marketing strategy, by mapping out for customers the journey taken by any polished stone larger than 0.18 carats, from the mine through to the retail store.
As the worldwide COVID-19 pandemic passes the half-year mark, there at last appear to a be growing number of signs that the markets, while still depressed, could make a modest recovery toward the end of the year.
De Beersβ latest Diamond Insight Global Sentiment Report indicates that that consumer desire for diamonds remains strong in the United States, China and India, and that sentiment to purchase diamonds is improving as consumers adjust to the βnew normal.β
Despite the dramatic global slowdown in rough diamond supply, work continues at mines owned by Alrosa, the state-controlled Russian producer, which has just announced the discovery of a 236-carat intense fancy yellow colored diamond at the Ebelyakh mine, in the north of Yakutia, the autonomous area in Siberia where most of the countryβs deposits are located.
There are few enterprises in the international jewelry industry that have been as severely impacted by the COVID-19 crisis as have been the trade show organizers, and there are few operations more likely to be fundamentally changed than trade shows.