You are cordially invited to join us at Gemgenevé 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 from 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 Asia’s top 3 fine jewellery events and is a must attend trading event. In June 2019 31st 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
The subject that will almost certainly get the most attention be the revision of the “conflict diamonds” definition in the KP Core Document. It is an issue that, in one form or another, has been on the KP’s agenda for more than 10 years. Politically charged, little progress has been made to date.
Scanning technologies that are able to look deep into a stone could be adapted to measure automatically what before was done visually by a gemologist. What then was required was understanding data and interpreting it into a standard grade on a grading report. That is where artificial intelligence came in, for the machine could be taught to fulfill the interpretative role of the gemologist, and arguably produce results in a more consistent manner.
One of the debates that raged throughout the diamond industry about a decade ago, when it became apparent that laboratory-grown stones were not a curiosity nor a passing phase, was the degree to which they would come to challenge demand for natural diamonds, or whether they would constitute a new category, essentially expanding the jewelry market in general.
From a price perspective, the polished diamond trade seemed to end 2022 on a downward slope, this despite the fact that major dealers were generally satisfied with the holiday season, although they remained cautious about their short-term prospects, reported the Rapaport news service.
The 2022 end-of-year holiday season has drawn to a close, and the sales results are now trickling in. According to Mastercard SpendingPulse, U.S. retail sales excluding automotive increased 7.6 percent for the period year-over-year, running from November 1 through December 24. But jewelry sales dipped 5.4 percent.
In terms of value, the report was deliberately circumspect regarding the sales of Russian goods, which reportedly are being offered at discount to as to skirt sanction that have been imposed because of that country’s war against Ukraine. Nonetheless, it notes that the dominant Russian diamond producer Alrosa appears to have revived exports to pre-war levels.
Almost none of the auction houses’ highly anticipated sales achieved the results that seemed within their grasp, and some did not even take place, as diamonds on offer failed to achieve their reserve price, and one was withdrawn from a sale under a bizarre cloud of suspicion.
Moving its South African Sightholder Sales operation from Kimberley to Johannesburg was a logical but poignant move. But in many respects it ended an era dating back more than 135 years, much of which Kimberley was the very center of the world diamond trade.
The largest conflagration between East and West since the end of the Cold War and an ill-conceived public health policy that is isolating the world’s second largest economy would seem like a recipe for a less than sterling business environment. But diamonds and diamond consumers often react counterintuitively.
It was a year that many expected to be very different. The COVID crisis, which has dominated events though most of 2020 and 2021 appeared finally to be fading in the rearview mirror, and the almost all indicators were facing upward.
By many accounts, 2021 may be remembered as the year that Gen Z, the generation born between 1997 and 2012, came into its own. According to the U.S. Bureau of Labor Statistics’ Consumer Expenditure Survey, it was the age group that posted the largest increase in jewelry demand in the United States, purchasing almost four times more than it had in 2020.
A report in a Belgian daily newspaper, associating a shadowy Russian mercenary force involved in the war in Ukraine with the trade of conflict diamonds, has highlighted the caution that needs to be exercised in handling gemstones and other minerals that may have originated from the Central African Republic (CAR).
The total number of shoppers grew by nearly 17 million from 2021 and is the highest figure since NRF first started tracking this data in 2017. According to the survey, 76 percent of consumers say they shopped over the Thanksgiving holiday weekend, up from 70 percent in 2021.
The indication on Black Friday Adobe Analytics that general retail sales in the United States were outpacing those recorded on the same day of the year both in 2021 and 2019, matched what De Beers research reported in the recent Diamond Insight Report, which indicated an increasing readiness of consumers to purchase diamond jewelry online.
Black Friday, the official start to the holiday season appeared start of the right foot, with overall sales rising 12 percent year on year in the crucially important U.S. market, according to Mastercard SpendingPulse, and the strongest category performer being apparel, including jewelry, where sales were 19 percent higher than last year.
The global luxury goods market took a further leap forward during 2022, despite highly uncertain economic conditions and consumer sentiment, it is poised to see further expansion next year, and for the rest of the decade to 2030, the just released 21st edition of the Bain & Company–Altagamma Luxury Study has reported.
Asked whether the diamond jewelry they purchased during the course of 2021 was branded or unbranded, the American questioned said that about that two-thirds of all diamond jewelry acquisitions were branded. That was twice the proportion seen in 2015 and represents almost 80 percent of women’s diamond jewelry sales by value.
In a laconic announcement to the Australian Securities Exchange, Lucapa Diamond Company and and its partners reported that seven “exceptional” diamonds were sold for $20.4 million at an international diamond tender. One of them was the Lulo Rose.
On November 24, 2022, Americans will gather at home for the traditional Thanksgiving Day meal, and several hours later will kick off what each year is the most five weeks in the calendar year, the holiday season. Typically, jewelry stores expect to make somewhat north of 20 percent of their annual sales during December.
Research commissioned by De Beers Group in 2022 and reported upon in its recently released Diamond Insight Report confirms that sustainability remains a key consideration for consumers, and is having a tangible impacts on their purchasing decisions.
According to media reports, the meeting very nearly ended in a stalemate, with discussion on the final day stretching into the early hours of the following morning, because of the insistence of a group of mainly Western countries to include a paragraph in the final communique that referenced the war in Ukraine.
De Beers has released its most comprehensive picture yet of the diamond jewelry market in 2021, in its recently released Diamond Insight Report. According to the company, global demand for natural diamond jewelry in 2021 rose by an estimated 27 percent from 2020, and by 10 percent from 2019, which preceded the COVID pandemic.
The report found that 36 percent of women overall and 39 percent of Gen Z now specifically seek information on a jewelry brand’s ethical credentials when buying diamond jewelry. Some 40 percent of women overall said that knowing about the positive impact of diamonds on local mining communities would make them more likely to buy diamonds, while this proportion went up to 50 percent for Gen Z consumers.
The durability of a high-end luxury product, enhancing its aura of perceived sustainability, is increasingly a driving factor for affluent consumers, notes a report published jointly by Bain & Company’s Milan-based consultancy and the World Wide Fund for Nature (WWF). It is an element that could play into the hands of the jewelry trade, in that, unlike fashion clothing, jewelry is inherently durable.
Sotheby’s has just announced that its sale in New York on December 7 will feature the Golden Canary, a pear-shaped stone weighing 303.1-carat, with a fancy-deep-brownish-yellow hue. It is the largest flawless or internally flawless diamond ever graded by the Gemological Institute of America (GIA).