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ALROSA REPORTS DISCOVERY OF 232-CARAT GEM-QUALITY ROUGH DIAMOND

Alrosa, the state-controlled Russian diamond mining company that currently is the world’s leading diamond producer by output, has reported the discovery of a very large rough diamond, weighing more than 232 carats. The company says that it is largest gem-quality rough diamond found in more than three years.

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DIAMOND AND JEWELRY INDUSTRY ETHICS INCREASINGLY LINKED TO INTERNATIONAL STANDARDS

Expected standards of ethical behavior are increasingly becoming linked to a number of international ethical protocols, which also are applied in other business sectors, writes Tiffany Stevens, President of the CIBJO Ethics Commission in a recently published special report. Ms. Stevens is also President and CEO of the Jewelers Vigilance Committee, the chief legal body representing the U.S. jewelry sector.

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OCTOBER IS AWASH IN PINK

October, it appears, will be remembered as a month that is awash in pink. Sotheby’s magnificent Jewels and Jaedite sale proved to be all that it hoped to be, when its top lot, when a Type IIa fancy -pink diamond weighing 10.64 carats in an 18-karat white and rose gold ring with trapeze diamonds sold for $19.9 million.

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SEEING FLUORESCENT DIAMONDS IN A DIFFERENT LIGHT

Fluorescence has long been a subject of debate in the diamond industry. Relating to a phenomenon that is evident in about 25 percent to 35 percent of stones, it relates to visible light being emitted by certain diamonds when heir atoms are excited by an external light source.

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IT’S SHOWTIME IN HONG KONG ONCE AGAIN, WITH WORLD’S LARGEST JEWELRY FAIR SET TO BEGIN

Despite rumors to the contrary, there was never any real doubt that the world’s largest jewelry trade show, the September Hong Kong Jewellery & Gem Fair, will open its doors as planned, first on September 16, 2019,at the AsiaWorld-Expo (AWE) near the airport, for about 1,700 exhibitors of loose diamonds, colored gemstone, pearls, other jewelry-making materials and machinery, and then on September 18, 2019, at the Hong Kong Convention and Exhibition Centre in Wan Chai North on Hong Kong Island, for about 2,000 finished jewelry.

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GETTING ON THE BRANDWAGON, DE BEERS AIMS FOR MARKET DOMINANCE

An announcement in May 2015 that De Beers was set to revive its mythological catchphrase “a diamond is forever” sent a palpable wave of excitement through the gemstone trade. The expression, which was named “Slogan of the Century” by Advertising Age in 1999, is considered by many to be the expression that launched a multi-billion dollar luxury industry.

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GOING BEYOND CARAT, CLARITY, COLOR AND CUT

Introduced by the Gemological Institute of America (GIA), the 4Cs is the universally grading system, whose underlying premise is that the value of a polished diamond is decided by its respective scores for carat, clarity, color and cut. But do they represent an adequate number of criteria to provide the definitive price of any given stone? Not so says gemologist Renée Newman, writing in Jewellery Business, a Canadian trade publication, in an article entitled “Diamond Evolution: Why the 4Cs is no longer an adequate pricing system – Jewellery Business.”

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WITH THE UNITED KINGDOM IN THE WORLD’S SPOTLIGHT, THE JEWELRY TRADE TO GATHER AT IJL 2019 IN LONDON

One of the key jewelry markets to watch over the coming months is that of the United Kingdom. With an estimated annual value of £3.3bn at the end of 2018, it nonetheless is being rocked by incidents not of its making, with the most prominent being Brexit. No wonder then that the country’s most important jewelry show, International Jewellery London (IJL), is one of the industry’s most keenly anticipated events. This year, it will be held September 1 to 3.

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