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
On January 26, a terse announcement was issued by the governments of Thailand and Saudi Arabia confirming that the two countries would be restoring full diplomatic relations. It brought to an end what had become known as the Blue Diamond Affair, which had resulted in the estrangement between the two nations 33 years ago.
With the figures coming in fast and furious, it now becoming patently obvious that, despite the ravages of a global pandemic, 2021 will be remembered as on the most successful years in recent memory for the diamond and jewelry sectors. This is apparent across the board, or as it described in the industry, from mine to market.
The metaverse is a virtual space on the Internet into which you may enter, which is persistent, immersive and three-dimensional. Once inside it, you will feel that youβve been removed from the physical world. You will be able to play, work, seemingly travel, interact with others and buy products, which may be virtual or real.
Nothing about up Sothebyβs scheduled in several weeksβ time conforms to the description of ordinary. For one, only one item is on offer, and it is a huge polished black diamond. Whatβs more, the sale will be conducted online and cryptocurrency will be accepted as payment. The diamond is a 555.55-carat black diamond called βThe Enigma.β
Still cut off from much of the world because of its governmentβs βno-COVID infectionsβ policy, Chinaβs economy nonetheless appears no worse for wear, with its retail sector even appearing to have returned to the double-digit growth that typified it more than five years ago.
By most accounts, luxury brands head into 2022 in better shape that they could have, or even should have hoped. The COVID pandemic, which it one stage seemed to threaten the sale of high-end, non-essential products, such as jewelry, raised anxiety levels in 2020, but not in 2021.
Some had confidently predicted that 2022 would be when that we put the coronavirus in the rearview mirror, but that still may be a case of wishful thinking. But the truth is that the two years of living in the shadow of COVID-19 have had a number of macro-economic effects that ultimately will affect all business sectors.
Israelβs diamond industry recovered strongly in 2021, following an extremely tough 2020, when weighed down by the crisis brought on the by the COVID-19 pandemic, exports and imports had crashed. Indeed, reported the Diamond Controller at Israelβs Ministry of Economy and Industry, figures registered over the past 12 months surpassed not only those from one year previously, but also those reported in 2019, the year before the onset of the crisis.
As the curtains come down 2021 and 2022 stands waiting in the wings, the world appears set to begin its third year in the shadow of the coronavirus pandemic. The question is β how well have we learned to live with it? Looking at the diamond industry, itβs a fair to say that, on balance, itβs managing to do so pretty well
While end-of-the-year jewelry sales appear to be strong in the major consumer centers, De Beers has reported that global sightholder sales and auction for the tenth and final sales cycle of 2021 totaled $332 million, 27 percent down on the $452 million reported for the final sales cycle of 2020.
With the holiday season drawing to a close and the end-of-year shopping season soon to be in the rear mirror, it may be time to change gears and consider the worldβs most popular gemstone from a different perspective. For while the diamond primarily fascinates jewelry consumers, itβs a mineral of interest to many others, and particularly those in the scientific community, for a variety of reasons.
Second-hand, or even third and fourth-hand diamond jewelry could represent a treasure trove over coming years suggests a recently published report released by McKinsey & Company, which has estimated that the resale luxury market already was worth between $25 billion and $30 billion in 2020, and is likely to grow at an annual rate of between 10 percent and 15 percent over the coming decade.
Fancy colored diamonds have perennially stolen the thunder at major jewelry auction in recent years, but generally in more limited range of colors β most often pinks and blue stones. Not so at Christieβs on December 8 in New York, where the top lot was a yellow diamond, which pulled in $2.85 million, at the upper end of its pre-sale estimate of between $2 million and $3 million.
Benny Meirov, an owner and founder of MID House of Diamonds, has been named by the Israel Diamond Manufacturers Association as a 2021 Israel Diamond Industry Dignitary Award recipient, They are granted to worthy individuals in recognition of their contribution to the development of the diamond sector in Israel, and are considered to be the highest honor that can be bestowed by the industry on its own members.
When it shut down the massive Argyle mine in Western Australia toward the end of 2021, many in the industry predicted that Rio Tinto, the Anglo-Australian multinational that is the world’s second-largest metals and mining corporation behind BHP, was getting out of the diamond business. But a number of developments toward the end of the year would suggest otherwise.
While there is a fair deal of nervousness about the potential impact of COVIDβs new Omichron variant, research just published by The Knot, a leading all-in-one wedding-planning resource, reveals that activity in the matrimonial sector is returning to normal, after a devastating 2020 and a very tentative first half in 2021.
Jewelry sales in the United States appeared to advance considerably ahead of other holiday season purchases, according to according to Mastercard SpendingPulse, which reported that during the critical first four days of this yearβs season they rose by 78 percent, when compared to the corresponding period in 2020.
The personal luxury goods industry has come roaring back, experiencing a V-shaped recovery in 2021, reports Bain & Company, in the latest edition of its respected luxury study, produced together with Fondazione Altagamma, the Italian luxury goods manufacturers’ industry foundation.
Alrosa, Russiaβs state-controlled diamond producer, has announced that it will be copying a page from De Beersβ playbook, taking into account the specifics of a clientβs business when preparing parcels for its Alrosa Alliance members, the exclusive list of companies that are eligible for a regular supply of rough goods from the company.
As the hours tick away to the start of the 2021 Thanksgiving Day weekend, retailers in the worldβs largest diamond jewelry market are predicting a strong start to the holiday season, the most important shopping period of any calendar year.
New research published by De Beers finds that consumers who valued information about a productβs provenance are prepared to pay a premium for such assurances, with affluent consumers being the most likely to pay a premium.
While the five days of discussion had been intensive, the event is unlikely to be remembered as a meeting in which the participants finally got to grips with the challenges that have confronted it for more than a decade β and more specifically the definition of βconflict diamondsβ to include instances of violence outside the context of civil war.
The diamond industry, although tangentially connected to fashion, is a minor offender in comparison. While its product is mined and is actually comprised of carbon, the process by which diamonds are extracted and processed have a relatively small environmental footprint. But small as it may be, it is not non-existent, meaning that it, too, is contributing to global warming and climate change.
Speaking to the full assembly of delegates during the Opening Session of the 2021 Kimberley Process (KP) Plenary, World Diamond Council President Edward Asscher has once again Kimberley Process members to agree to expand the conflict diamond definition in order to support long-term consumer confidence.
On November 1 the De Beers announced a new global campaign. It retains the spirit of a the original βA Diamond is Foreverβ promotion, but this time is more vague as what committed relationship is being honored. Centered around the expression βI do,β it clearly is designed to appeal to couples considering marriage, but De Beers also is reaching for a broader audience.