GJ Town India

AWDC Café announces webinar on 11 September   The Antwerp World Diamond Centre (AWDC) announces the next (virtual) AWDC Café, featuring Diamond Standard (DS). The well announced online webinar’s – by Zoom invitation; topic is protecting the Natural Diamond (ND) Market from Lab-Grown Disruption is to be held on 11 September 2024.   During this session, The Diamond Standard team will cover, Diamond ETP buying $1 Billion, essentially establishing natural diamonds as Investment Grade assets to secure their place in the market. In the row the Diamond Standard team share their message.  The DS Team said, “Unless we take action, lab grown diamonds will permanently destroy the natural diamond market and your business. We must urgently answer the question. Why should I pay more for a natural diamond when a lab grown diamond is indistinguishable?”    The DS Team added, I propose this answer: “Only natural diamonds are Investment Grade.” Investors consistently ...

Lucara views 2Q, short-term support for diamond prices   Lucara Diamond Corp reports its results for the Second quarter ended June 30, 2024 & expressed their view on Diamond Market. They said, the long-term outlook for Natural Diamonds (NDs) prices remains positive due to improving supply and demand dynamics due to long-term reductions from major producing mines.    However, the market for the smaller size stones remains soft as demand is impacted by a weak Asian market and laboratory-grown diamonds. Demand for larger stones over 10.8 carats remains robust, as reflected in the Company's sales.  The G7 sanctions on Russian diamonds over one carat, effective March 2024, have caused some trade delays. New regulations require these diamonds to be processed through the Antwerp World Diamond Centre for origin verification.    The Company views this as short-term support for diamond prices, as the emphasis on stone provenance increases. Lucara, with it...

  ODC's distribution of natural diamonds recognised! Natural Diamond Council (NDC) is a not-for-profit organization that’s committed to inspiring and educating consumers on the real, rare, and responsible values of natural diamonds and the positive global impact of the industry. NDC is pleased to announce its newest member, Okavango Diamond Company (ODC).  The Botswana government–owned rough natural diamond marketing company joins the likes of De Beers and other responsible mining companies. ODC is the first non-mining diamond company to be admitted as a member of NDC, recognizing ODC's  importance in the upstream distribution of natural diamonds, and the importance that Botswana puts on  inspiring consumer demand as a driver of future prosperity for the natural diamond industry.  ODC sells over 6M carats of rough natural diamonds a year, all sourced from Debswana, Botswana's flagship diamond mining company that accounts for 98% of Botswana’s diamond production....

Members updated from GIA, NDC   The Diamond Manufacturers and Importers Association of America (DMIA) held its first annual member meet-and-greet-and inform, cocktail reception. A well-attended DMIA membership meeting followed the reception.    DMIA had invited representatives of GIA (the Gemological Institute of America), the Natural Diamond Council (NDC), the International Gemological Institute (IGI), De Beers, and the U.S. Department of State to attend the gathering.    After welcoming guests and offering introductory remarks, DMIA President Stuart Samuels introduced the NDC’s CEO, David Kellie, who reported on the organization’s work promoting natural diamonds worldwide. Kellie concluded with a delightful video highlighting the NDC’s current promotional advertising and public relations efforts. The next speaker was Ricard Pesqueira, GIA’s Vice President for Global Market Development. He updated the DMIA membership on GIA’s digital grading reports that ...

The 95th Oscars best natural diamond looks   Oscars, a time when the brightest and the biggest of stars hit the red carpet in their most sophisticated, flamboyant outfits and flaunt their jewellery. With Deepika Padukone and the cast of RRR representing the nation at the ceremony, the Indian audiences witnessed, what we would call a 'historic win', with their eyes filled with tears and heart filled with pride.   The Oscars are known for headline-hitting red carpet moments, and the 95th Oscars were no different. Here is a round-up of 7 of the best natural diamond looks this year:    Florence Pugh: Highlighting the term unique and creative, Florence Pugh has a style unlike any other. Known for her contemporary take on fashion, she stunned at the red carpet with her unique natural diamond necklace design from Tiffany’s Botanica collection.    Rihanna: There's no denying of the star power that comes with the ‘Diamonds’ singer. Known for her flamboyant o...

IDE Launches, I Love Natural Diamonds   Campaign to Differentiate Real from Fake The Israel Diamond Exchange (IDE) is launching a global awareness campaign today to highlight the unique and extraordinary features of natural diamonds. The campaign will consist of several short videos to be released over the next several weeks and which will be promoted through social media. The message of the campaign is “In a fake world, real things are rare,” and tells the story of the natural diamond: its singularity, astounding beauty, natural creation, geological age and immeasurable value. The videos end with the tag line “I love natural diamonds.” Israel is the first global diamond center to introduce an international campaign aimed at differentiating natural diamonds from lab-grown and other synthetic stones. The initiative was announced last week at the World Federation of Diamond Bourses (WFDB) EXCO Conference held in Israel, which brought together the heads of 14 d...