HRD Antwerp has announced in a press statement that Peter Macken has been relieved of his duties as CEO as a result of differing strategic views. The decision was taken by mutual agreement and is effective immediately. HRD Antwerp’s Executive Committee thanked Mr. Macken for his services and wishes him all the best in his future endeavors and professional career. At the request of the HRD Antwerp Board of Directors, Mr. Ari Epstein, a statutory board member at HRD Antwerp and CEO of the Antwerp World Diamond Centre, has been appointed President of the HRD Antwerp Board of Directors.
The Fancy Color Research Foundation (FCRF) is launching what it says is the first ever industry Fancy Color Rarity Evaluator (FCRE™). The Evaluator provides proprietary rarity estimates for all yellow, pink and blue fancy color diamonds based on the diamond’s carat weight, color, color intensity, clarity and shape. It will provide a range estimate for the number of such diamonds unearthed in mines each year and will allocate them a Rarity Level, from Common to Super-Stone.
In his latest contribution to the diamond debate, "Diamond Trade a Medical Diagnosis: Self-Destructive" Melvin Moss, president at Regal Imports Ltd, argues for a unified marketing strategy - together with a standardized grading system - to benefit all in the diamond value chain. Currently, the situation is one where each company is promoting its own brand, thereby working against the interests of the diamond industry as a whole. "The multitude of new proprietary brands ... are making generic diamond marketing complicated.
HRD Antwerp has found grading discrepancies at the HRD Antwerp in Mumbai lab involving a limited number of diamonds which were submitted by one specific client. HRD Antwerp said in a statement that it maintains a continuous and rigorous system of internal controls. "As HRD Antwerp is adamant in upholding its excellent reputation in terms of quality, integrity and controls, the company has taken immediate and swift action. HRD Antwerp has filed an official complaint with the local authorities and legal action against all parties involved, both internally and externally, has been taken.
The International Institute of Diamond Grading & Research (IIDGR), part of The De Beers Group, has announced the agreement of a partnership with the National Association of Jewellers (NAJ) for its diamond grading service in the UK, whereby NAJ members will benefit from preferential terms when they submit diamonds to the IIDGR’s UK lab for diamond grading, according to a De Beers press release. Commenting on the partnership, Jonathan Kendall, President, IIDGR, said: “Working with bodies such as the NAJ, IIDGR hopes to bring consistency, accuracy and in
Speaking at the inauguration of the 2016 India International Jewellery Show, Bruce Cleaver, CEO, De Beers Group, confirmed that De Beers has signed a Memorandum of Understanding (MOU) with the Gem & Jewellery Export Promotion Council (GJEPC) to develop a category-based marketing campaign over the key selling season in India.
Rapaport Auctions and Trading issued a press release today offering clients, "the opportunity to purchase parcels of melee that are 100% natural and untreated," and their timing could not be more appropriate. On July 18, Morgan Stanley released a report on the effect of synthetic diamonds on mined diamonds, which says that the share of synthetics is so far negligible, but not for long.
HRD Antwerp inaugurated its flagship store on 23 June 2016 in Paris. It is the result of an exclusive partnership between HRD Antwerp, Europe’s leading authority in diamond certification and selected retailers. Peter Macken, CEO HRD Antwerp, said: "HRD Antwerp is the leading authority when it comes to certification, education and equipment. We aim for perfection in everything we do, delivering the highest quality in all our products and services.
Diamond grading and certification lab HRD Antwerp has launched a new track and trace feature so that clients can now track their diamonds throughout the grading process. This new functionality provides a complete overview of the whereabouts of the client's diamonds or jewels within the HRD Antwerp Diamond Lab. The feature is a new addition to "My HRD Antwerp", a secure, 24/7 online service that provides global access to the HRD Antwerp certificate archive and transit results.
Press Release: The De Beers Group of Companies today announced that polished diamonds with grading reports from its International Institute of Diamond Grading and Research (IIDGR) can now be listed on the RapNet polished diamond trading platform. Polished diamond traders will now be able to list, filter and search for polished diamonds with IIDGR grading reports on RapNet.
The contentious issue of certificates and the different labs decision-making standards on cut, angles and symmetry ratios could be aided by work taking place on defining the criteria that determine a diamond’s optimum performance when it comes to reflecting and transmitting light, writes Rahul Jauhari, the Commercial Director India for HRD Antwerp, in Gemkonnect. "Light performance could well be the one criterion that overrides all the other criteria when it comes to determining whether or not a diamond has been cut the very best way it could have been.
De Beers Group's International Institute of Diamond Grading and Research (IIDGR) launched its generic diamond grading program last February, entering "what arguably is the most contentious space in the diamond distribution chain where concerns have grown over grading consistency and standards, or lack thereof, in the past few years," writes Rapaport.
The Indian government on 30 March exempted from customs duty cut and polished diamonds imported by HRD Antwerp's Mumbai Diamond Institute for grading and re-export, taking the number of such entities enjoying the facility to four. In July last year, the Central Board of Excise and Customs (CBEC) had exempted from customs duties cut and polished diamonds imported for grading or certification and re-export by three laboratories and agencies.
HRD Antwerp and the Hong Kong Indian Diamond Association (HKIDA) recently signed an agreement on an exclusive diamond-screening service using the M-Screen. The M-Screen is “the world’s fastest melee-screening device available today,” HRD Antwerp said. The new service will offer the screening of parcels – with a minimum total weight of 10 carats – of melee-sized diamonds from 1 to 20 points and colours D-J straight from HKIDA’s premises in Kowloon.
I have been a strong proponent of generic diamond marketing. Fragmenting the diamond market with diamond brands is having a negative effect on the consumers’ perception of generic diamonds. Currently, we are not only witnessing diamond brand wars but a new war is developing involving diamond reports. De Beers is taking on the GIA by opening their grading facilities to the general trade and Martin Rapaport is taking on the world with his new Investment Diamond Report ... These reports, like branded diamonds, are harmful to the marketing of generic diamonds.
The Gemological Institute of America (GIA) has graded the largest polished blue synthetic diamond that the organization has ever examined. The emerald-cut, 5.03-carat HPHT Type-IIB stone was made by New Diamond Technology (NDT), based in St. Petersburg, Russia. The firm is one of the founding members of the International Grown Diamond Association which was launched earlier this month. The stone was inspected at the GIA's New York lab last month and received a fancy deep blue grade, according to a lab. The GIA published an exhaustive article on the stone's characteristics.
In a follow-up article to Chaim Even-Zohar's bombshell about CVD synthetic diamonds being sold on Alibaba with GIA natural diamond certificates, the Diamond Intelligence Briefing (DIB) identifies the name behind the fraud: Diwakar Dhyani.
"It was with profound disbelief that I read your press release today entitled: "Rapaport Launches New Investment Diamond Grading Report". In all honesty, my initial response to this press release was simply: Has Rapaport totally lost their f----g minds? It’s not enough that the “Rap Sheet” ruined the profitability of the retail diamond markets, or that the effort to “commoditize” diamonds was such an incredibly absurd (read: failed) idea. Now Rapaport wants to promulgate the selling of diamonds to consumers as “investments” like stocks and bonds?
The Rapaport Group has issued a press release announcing the launch of "a new diamond grading report - the Rapaport Investment Diamond Report (IDR). The new report conservatively grades diamonds based on Gemological Institute of America (GIA) standards. Additional gemological information including tint, location and color of inclusions as well as high resolution images are provided online and with the report. All Rapaport Investment Diamond Reports are double tested, as they include an additional independent GIA diamond grading report."
De Beers Group's International Institute of Diamond Grading & Research (IIDGR) has launched its grading service in the Far East, Middle East, India and Europe, the firm said. Following an initial pilot testing of the service in the Far East, IIDGR will now also provide a grading service from each of its laboratories in Belgium, India and the UK. The service, which employs De Beers’ proprietary grading technology to provide outstanding accuracy and consistency, is suitable for all sizes, colors, shapes and qualities.
"The Government of India should set up a regulatory authority to monitor the gemological laboratory business in India. The gemological laboratories issue only grading reports and no certificates. These laboratories have their own set of rules and regulations and even if consumers are cheated they have limited or no role to play. If a consumer has purchased a lab-grown diamond on natural diamond grading report, where will he go on being cheated? Who is responsible?
Alibaba, the leading e-commerce portal for global wholesale trade blacklisted and removed a New Delhi-based supplier of synthetic diamonds and gem simulants after it tried to sell lab-grown diamonds with fake Gemological Institute of America (GIA) natural diamond certificates. The New Delhi-based seller identified as International Trading Corporation (ITC) had put up the wholesale offer to supply 10,000 carats of CVD diamonds a week with the GIA certifi
The vast majority of British jewelry buyers want to receive an independent grading report when buying a diamond, yet only 42% actually receive one, according to a study by De Beers' International Institute of Diamond Grading & Research. The study into attitudes towards diamond grading reports in the UK market reveals a huge “gulf” between what customers want and market reality. Most respondents said they strongly believed that grading reports raise confidence in a sale and the value of the diamond, however only around half of those that wanted one when buying a diamond received it.
Professional Jeweller reports that the London Diamond Bourse (LDB) has partnered with De Beers' International Institute of Diamond Grading & Research (IIDGR) to launch a diamond grading and melee screening lab service in the UK. The agreement between LDB and IIDGR commences a new service that will enable members to submit to the IIDGR lab melee for full testing as well as diamonds over .14ct for grading. Victoria McKay, chief operating officer of LDB explains: “Guidance will be recommended to all LDB members to test melee using the mathematically based De Beers, ‘Best Practice
"Throughout the diamond pipeline, the time has come to "expose" rather than quietly "acquiesce". If a jeweler did something wrong, let the courts decide. If someone committed a fraud, let him go to jail. Consumers will have far more confidence in those jewelers that prove their trust and integrity by standing up - rather than "giving in." In many instances, the retailer is a victim of his or her diamond supplier. Let them become accountable as well."
Chaim Even-Zohar, industry expert - Diamond Intelligence Briefing
In an elaborate investigative piece that is clearly stirring up much debate, JCK News Director Rob Bates dives into yet another episode of the EGL overgrading saga, and wonders if overgrading lawsuits have become overkill. Nashville law firm Cummings Manookian recently launched an aggressive flyer and online campaign against a handful of small jewelry retailers – and in some cases their personnel - in the U.S., seemingly aimed at recruiting dissatisfied customers in their crusade against overgrading by the former EGL International diamond grading lab.
JCK reports that six more people have been arrested by the Indian authorities in the investigation into unauthorized access (hacking) of the GIA database, according to an Institute announcement. GIA declined to release their names. GIA previously identified the submitting companies, who are no longer permitted to submit stones to its lab pending an investigation.
The GIA has extended the submission date for the confirmation service announced on November 25 to March 31 in response to concerns expressed by members of the trade. Anyone with a GIA grading report originally issued between November 2014 and October 2015 who is concerned about the validity of the report due to the unauthorized changes to grading reports uncovered in October 2015 may submit the original report and the referenced diamond to any GIA location for the confirmation service at no charge until the March 31 deadline for submissions, the GIA said in a statement.
Bart De Hantsetters, President of the Belgian Diamond Manufacturers Association looks back at a difficult year for the global diamond industry and shares his views on how Antwerp should tackle the current crisis.
Stella Layton, Chief Executive and Assay Master of the Assay Office Birmingham (AOB), spoke about diamond grading at CMJ’s UK Jewellery Conference last month: “It’s inconsistent – it’s based on subjectivity and there is a wide range of grading happening globally across diamonds, not just lab to lab but person to person.” Layton said that there is as yet no science that may be applied across the board to determine the exact grade of a stone, and even standard guides used to unify graders are open to interpretation.
De Beers' International Institute of Diamond Grading and Research launched on 13 November its melee testing service for the Antwerp diamond community. “The service is focussed on supporting the defence of the industry”, stated Jonathan Kendall president of the IIDGR. The launch took place on HMS Diamond which was moored on the bank of the Scheldt River during her visit to Antwerp last week. “A more appropriate setting would have been difficult to achieve.
Mel Moss, president of Regal Imports Ltd., discusses his "terrible" buying trip to India, bemoaning the lack of well graded polished diamonds (particularly Canadian) and the "abundance of poorly graded GIA stones selling at discounts." As of early November, quality goods in India were on demand but simply unavailable. Consequently, "any fresh and properly graded diamonds in SI qualities will be priced very high.
According to a statement released by the Antwerp World Diamond Centre (AWDC), the Correctional Court in Antwerp has sentenced five people, including four diamond traders, to mandatory prisons sentences and imposed "significant" fines for certificate fraud.
RapNet, the Rapaport Diamond Trading Network, has suspended 10 members pending further investigation. The members have also been suspended by the Gemological Institute of America (GIA) for allegedly participating in a scheme that hacked into the GIA’s computer system and upgraded 1,042 GIA grading reports. GIA issued laboratory alerts invalidating the grading reports and naming the suspended members. RapNet has removed all diamonds with grading reports involved in this matter as well as all other diamonds listed by suspended members. The names of the suspended Rapnet Members are:, A.
Industry analyst Vinod Kuriyan writes on the dismal state of affairs in the Indian diamond industry today. The most recent scandal - the data breach at the Gemological Institute of America (GIA), where several Indian diamond companies got former employees of the GIA’s technology provider to hack into the system and alter color and clarity grades for 1,042 diamonds they had submitted, in an attempt to increase their value and dupe consumers - is not an isolated incident by any means, writes Kuriyan.
The De Beers Group of Companies today announced that the low cost, high volume melee testing service at its International Institute of Diamond Grading & Research (IIDGR) will begin in Surat, India, on 26 October 2015. with an equivalent service to launch in Antwerp, Belgium, on 12 November 2015. The service will provide diamantaires with the opportunity to use IIDGR’s leading proprietary technology to verify the natural diamond content of parcels of melee before they are traded. Goods will be returned in sealed, tamper-proof IIDGR packages, with the content of each clearly labelled.
Kennady Diamonds Inc. said the results of a preliminary valuation of diamonds recovered from the Kelvin kimberlite at its Kennady North project in Canada's Northwest Territories found an average price per carat of $56, $70 and $123 for stones from three different zones. WWW International Diamond Consultants (WWW) valued a diamond parcel weighing 989 carats recovered from bulk sampling of the Kelvin kimberlite in Antwerp.
The Canadian Gemmological Association (CGA) will be holding its annual gem conference in Vancouver from October 16 to 18. This year’s conference will bring together international speakers and industry experts to discuss contemporary topics affecting the gemology and jewelry industries. Identifying synthetic and enhanced gemstones and valuing such gems will be among the topics to be discussed, according to the Canadian Gemmological Association.
The Gemological Institute of America (GIA), recognized as one of the foremost authorities in gemology, has raised its profle in Japan by launching its website in Japanese. The announcement from GIA reads, “The translation of our website is part of GIA’s commitment to delivering gemological information and instruction in Japan in Japanese,” said Bev Hori, GIA’s chief learning officer and senior vice president of education. “Japan is one of the world’s largest markets for gems and jewelry, so it’s important for GIA to make our educational resources available in this important country.