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Saturday, February 23, 2008

Macau International Jewlery & Watch Fair

Macau International Jewlery & Watch Fair

February 28, 2008 - March 2, 2008
Macau, China

GJX Gem & Jewelry Show

GJX Gem & Jewelry Show

February 6, 2008 - February 11, 2008
Tucson, Arizona, USA



Inhorgenta Europe 2008

Inhorgenta Europe 2008

February 15, 2008 - February 18, 2008
Munich, Germany

China International Gold, Jewellery & Gem Fair - Shenzhen

China International Gold, Jewellery & Gem Fair - Shenzhen

February 28, 2008 - March 2, 2008
Shenzhen, China

30th, GLDA Tuscan Gem & Jewellery Fair

30th, GLDA Tuscan Gem & Jewellery Fair

February 5, 2008 - February 10, 2008
Arizona, USA



J.C. Penney faces low sales

J.C. Penney faces low sales

Sale of jewellery dipped in Q4

J.C. Penney encountered sales decline by 4.1% to $6.4 billion during the fourth quarter ended February 2, 2008. The slow sale of fine jewellery was partly attributed to this. The net profit also dipped by 10% to $430 million. The company mentions a conservative approach in business plans to maintain a balance between near-term economic realities and long-term growth opportunities. The store will stress on improving the customer experience at the stores with improved merchandising and smart prices.

http://www.diamondworld.net/newsroom/news.asp?newsid=2024

GIA alumni Meet

GIA alumni Meet

The agenda focused on education about diamonds and gemstones

Gemological institute of America (GIA) organised an Alumni Meet for its Members and Industry Leaders on February 22,l 2008. The event was graced by Russel Mehta of Rosy Blue, Ashish Mehta of Kantilal Chhotalal, Satish Shah of Deccan Institute, Hyderabad, Sultan Mohiden of Madras Gem Institute, Nirupa Bhatt, MD GIA India and Middle East and other GIA alumni who traveled down from Hyderabad, Delhi, Madras and Kolkatta.

The event kicked off with a presentation of GIA courses by Deepak Bagai. Russel Mehta spoke about protection of consumer confidence and synthetics. He said, “The complete understanding of diamonds is very important and this can come through education. We need to understand that certification is very important and now a days buying happens online.”

Satish Shah spoke about color-stones being given stepmother treatment. “The Cartel is advocating diamonds and color-stones though in abundance in nature and equally beautiful, are being ignored,” he explained. Asish Mehta also seconded Russel Mehta’s opinion that synthetics were a threat and could take on the markets if they were not identified on time and proper training was not imparted to diamond merchants.

Some other GIA graduates spoke on the occasion about the institute’s reputation in the trade and how the courses had helped them in their business. The event ended on revival of fond memories of days spends at the institute.

http://www.diamondworld.net/newsroom/news.asp?newsid=2028

Charles & Colvard Ltd. earns net loss, last year it earned a net profit

Charles & Colvard Ltd., had a disappointing net sales in the year 2007. During the year it faced a net loss of $24,424 as compared to a net profit of $6.1 million a year earlier.
For the fourth quarter ending December 31, 2007, net sales decreased by 35% to $7.9 million, while for the entire year it dipped by 32% to $27.81 million.

The net loss in the quarter amounted to $1.1 million, whereas it has earned a net income of $1.3 million, per diluted share in 2006. The company said they faced problems with their distribution model. In the US, sales in the fourth quarter dipped by 40% to $6.6 million, while international sales increased 20% to $1.3 million. Charles & Colvard has decided to discontinue its policy of providing future guidance on sales, gross profit margins and marketing and sales expenses.

http://www.diamondworld.net/newsroom/news.asp?newsid=2027

IDMA criticise the lack of comprehensive generic diamond promotion

At the two-day International Diamond Manufacturers Association (IDMA) retreat in Israel, the members unanimously discussed the lack of cohesive and comprehensive generic diamond promotion, and expressed readiness to coordinate such a programme on behalf of the industry. The IDMA issues a statement at the meeting. The IDMA members present were, Jeffrey Fischer, IDMA president; Vasant Mehta, IDMA vice president (GJEPC of India); Moti Ganz, IDMA vice president, Uri Schwartz, Bumi Traub, David De Toledoand Udi Sheintal (the Israel Diamond Manufacturers Association); Eduard Denckens, IDMA vice president; Maxim Shkadov, IDMA vice president, Stephane Fischler, IDMA Secretary General and Treasurer, and others from diamond cutting and manufacturing bodies.

IDMA President Jeffrey Fischer affirmed that as the industry shifts to a demand driven model, IDMA has identified the lack of cohesive and comprehensive generic diamond promotion in the consumer market as a short-sighted failing on the part of the industry. " IDMA has resolved that it will take a leadership role in developing specific proposals to help remedy this situation. IDMA is calling upon all stakeholders to assemble with the express purpose of creating an ongoing industry-wide generic diamond promotion campaign. IDMA offers to act as the coordinator of this 'summit meeting' to address this important need and will announce a plan of action shortly," he stated.

Fischer said. " IDMA is concerned that current rough diamond prices are speculative. As a result, the diamond manufacturing sector is experiencing the collapse of already very thin profit margins. Producers - large and small - should take note and take appropriate action!”

The participants focused on internal organisational planning, matters of concern to IDMA membership, and issues confronting the wider diamond industry. The retreat was moderated by Chaim Even-Zohar of Tacy Consultants Ltd., and Charles Wyndham of WWW International Diamonds Ltd.

Tuesday, February 12, 2008

Tourmaline

Tourmaline occurs in the widest array of colors of any gemstone species. Sometimes as many as two or three colors exist in the same cut stone. Tourmaline is also known under different names: The “rubelite” is red, sometimes with a violet tint. Fine “chrome” tourmaline has a beautiful rich green color. “Indicolite” ranges from very light to dark shades of blue, violet blue, and greenish blue.
The name “tourmaline” has its origins in the Sinhalese word “Turmali”, which means mixture. Originally, native miners applied this term to mixed parcels of gems when they didn’t really know what the stones were.
Tourmaline is sometimes known as an alternative birthstone for October, and the accepted anniversary gemstone for eight year of marriage.