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
Almost a year later, the final results are in, with conclusive data about COVID-impacted 2020 being provided by De Beers in its recently released Insight Report. According to the document, global demand for diamond jewelry in 2020 declined by an estimated 14 percent year-on-year to $68 billion, mostly as a result of a sharp drop in sales during in the six months of the year, was followed by moderating second six months.
Sustainability considerations now rank on par with price and design for global consumers when purchasing diamonds, with fine jewelry ranking third, after only food and clothing, as the category most frequently purchased on the basis of sustainability considerations, and one in five consumers globally having bought jewelry in recent years specifically because of its sustainability credentials. This according to new research published by the De Beers Group in its eighth annual Diamond Insight Report.
In a just published interview with Britain’s Financial Times, Alrosa’s deputy chief executive Evgeny Agureev said that the company’s inventories are at historic lows. But he did not cite overwhelming market demand for the situation, but rather mine closures and lack of new projects.
“Whether you choose a lab-grown diamond or a lab-grown stone …, you can be sure that our jewelry is kind to your bank and even kinder to our planet, says the tagline on the homepage of a British online jewelry retailer, the Cornwall-based Ethica Diamonds, which just become the subject of an official complaint by United Kingdom’s advertising watchdog organization, the Advertising Standards Authority (AS).
Reporting its results at the end of the third quarter of 2021, Alrosa, the state-controlled Russian diamond mining company that along with De Beers produces in excess of 70 percent of the world’s rough output, has provided a relatively upbeat view of the market.
Some had believed that the end of Namibia’s long diamond history was in sight, but to paraphrase Mark Twain reports of its death were somewhat exaggerated. After lengthy negotiations the Namdeb Diamond Corporation, the equally-held joint venture between the De Beers Group and the government of Namibia it was announced that a new long-term business plan had been approved, which the company says will extend the current life-of-mine of its land-based operations by as much as two more decades, through to 2042.
The De Beers survey off the coast of Greenland will help determine whether the seabed contains deposits of marine diamonds.
A pioneering capacity-building project launched by De Beers for artisanal miners in Sierra Leone three years ago has made history by selling its first parcel of rough diamonds at an auction in Singapore, alongside diamonds from the mining house’s regular production.
The COVID pandemic of the past year and a half has provided the public some insight as to how carefully the drug and pharmaceutical industry is regulated. With national authorities strictly monitoring how both vaccines and therapies are administered, even during times of crisis developers are required to traverse a labyrinth of obstacles before their product can be offered to patients. There is no central authority, but much of the world takes its lead from the vaunted Food and Drug Administration (FDA) in the United States, and only under exceptional circumstances is prepared to take an independent stand.
How much a difference a year makes. While at this time in 2020, with the second wave of the coronavirus crashing down in parts of the world, members of the diamond industry looked toward the final quarter of the year with a sense of nervousness and trepidation. While the greatly feared collapse of the market, along with the world economy, had not happened, there still was no certainty that consumers would have an appetite for diamonds during the all-important holiday season.
For 40 years, the United Nations had marked September 21 as the International Day of Peace. Established in 1981 by the UN General Assembly, in 2001, the same body unanimously voted to designate the day as a period of non-violence and cease-fire, inviting all nations and people to honor it through education and public awareness on issues related to peace.
There are a number givens about the Chinese market. One is that with 1.3 billion inhabitants, it is very large. It is also very dynamic.
Marie-Antoinette, the Austrian archduchess who became a dauphine of France in May 1770 when she married Louis-Auguste, heir apparent to the French throne, and later the French Queen, until the French Revolution, and ultimately her execution at age 37 by guillotine on October 16, 1793, continues to enjoy celebrity status akin to the late Princess Diana and the current Duchess of Sussex, Meghan Markle. A Magnificent Jewels sale sale at Christie’s in Geneva I,on November 9, 2021,s depending on her notoriety to ensure its success.
Generation Z consumers, it is widely believed, are more inclined to demand that the products they buy have social, as well as economic value. This, the market analysts say, is especially relevant where it comes to luxury products, which are generally non-essential and often are purchased to express an emotion, like love, or to enhance ones prestige or feeling of self-appreciation.
The spark that ignited the recent eruption of violence in parts of South Africa was the refusal of the country’s disgraced former president Jacob Zuma to surrender to legal authorities, and so begin a 15-month prison sentence for contempt of court.
Indications that the U.S. market is headed for a spectacular year continue to collect with the country and the world’s largest jewelry chain reporting that sales during its second fiscal quarter, which ended on July 31, were better than expected.
An exchange of opinion, conducted in print, online and during an industry forum at the recently completed JCK Show in Las Vegas, has focused on the effectiveness and limitations of the Kimberley Process Certification Scheme.
A new ad campaign featuring the flashiest of diamonds and the flashiest of rock stars has generated a media storm that goes beyond what even its planners intended, and says much about the woke society in which we live and operate.
There was a time, not too long ago, when the world’s dominant distributor of rough diamonds, De Beers, not only obstructed efforts aimed at indicating in what specific location a stone was mined, but outwardly declared that it deliberately mixed the supply of goods from its various resources. This, it was understood, would make it impossible to trace provenance.
A speech by Chinese President Xi Jinping about prospective government action to combat the problem of income inequality in the country has put luxury marketers on edge, and precipitated a selloff of stocks of several of the world’s largest luxury brand houses, including LVMH, Kering, Richemont, Prada, Hermès and Moncler.
An era in the diamond trade is about to draw to an end, as Rio Tinto brings its final Argyle Pink Diamonds Tender to Antwerp, Belgium, for the last time in almost four decades. The by-invitation-only event this year will feature 70 rare pink, red, blue and violet diamonds, with a total weight of 81.63 carats, and a record number of stones larger than one carat.
Two years and three months after they last assembled for the United States’ jewelry industry’s signature event, JCK Las Vegas, members of the trade are preparing to do so once again, with its organizers insisting that the show must go on.
A veritable revolution in the luxury markets is currently underway, largely hidden from the Western consumers who dominated the space for most of the past 100 years. It is taking place in Asia, and more specifically in China, and it is being driven by digital retailers, operating online rather than in a brick-and-mortar environment.
The festival of love, Valentine’s Day, is critical focus for the diamond jewelry industry, with its traditional date, February 14, rivaling Mother’s Day as one of the most important non-Christmas sales opportunities in any calendar year.
Verifiably responsible supply chains have fast become a tangible value-adding quality in the diamond and diamond jewelry business, with companies becoming more inclined to trumpet how their sustainability and ethical business practices set themselves and their products apart from their competition.