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DMCC signs agreement with Czech Mint  DMCC has unveiled prototypes of a new series of gold and silver bullion coins that celebrate the achievements of the UAE over the last 50 years. The coins will be made available for purchase after Ramadan. Announced at the 2022 edition of the Dubai Precious Metals Conference (DPMC), the coins are the result of a partnership with Czech Mint, the official supplier of currency coins to the Czech Republic’s central bank.  The agreement was signed by Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer of DMCC, and Mr Michal Drtina, CEO and Chairman of the Board, Czech Mint.  Representing the success of the UAE, the new prototype bullion coins feature a range of designs including the image of HH Sheikh Mohamed Bin Zayed Al Nahyan, President of the UAE and Ruler of Abu Dhabi, HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and the Louvre Abu Dhabi to reflect the UAE’s standing as a m

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 it is currently rolling

Revised System of Warranties!   “We are reaching out to inform you about the Revised System of Warranties (SoW), which will require you to change the warranty declaration that all members of the trade add to invoices and memo documents” said the World Diamond Council (WDC).  The SoW was developed by the WDC in 2002 as an industry self-regulation system that would indicate that diamonds being sold comply with the requirements of the KPCS. The Revised SoW was launched in September of 2021 to meet consumer demand for enhanced supply chain integrity.  It is designed to help meet those expectations.    In view of this fact, the current warranty statements on your invoices and memo statements are soon to be outdated and are to be replaced with the broader statement that is in accordance with today's market demands. Therefore it is imperative that you update them as soon as possible.    Register on the SoW website and provide the required information. Upon successful registration, you

Fiscal 2024 guidance reflects confidence!   Recently, Signet Jewelers announced its results for the 13 weeks and 52 weeks (Fiscal 2023) ended January 28, 2023.    "Thank you to our team for their dedication, agility, and excellent execution. We delivered on our three key priorities of growing market share, achieving an annual double-digit non-GAAP operating margin, and leveraging capital allocation to drive shareholder returns despite headwinds and volatility throughout the year," said Signet Chief Executive Officer Virginia C. Drosos. "    As we turn to FY24, we are confident in the sustainable competitive advantages we've built and our ability to leverage our enhanced infrastructure and scale to grow ahead of the jewelry industry. "Our Fiscal 2024 guidance reflects confidence in our ability to deliver an annual double-digit non-GAAP operating margin despite a jewelry retail environment that we estimate will decline mid-single digits through the year,"

Idylle Blossom by Louis Vuitton   Louis Vuitton carried the campaign in addition to the collection’s emblematic pieces, new essentials are introduced this season, from pavé pendants, earrings and rings to those adorned with diamonds. Worn together, stacked, layered or alone, each piece yields a contemporary yet refined elegance, rendering these creations undeniably feminine. Playfully feminine, the Idylle Blossom paved ring brings life to the Monogram Flowers, created over a hundred years ago by Georges-Louis Vuitton. Cast from 18-karat white, pink, and yellow gold, the three blossoms are covered with more than 150 pavé diamonds. The precious stones are a sparkling celebration of the collection’s tenth anniversary.    Taking on a playful and modern aesthetic, the pieces can be styled to suit any mood or occasion, celebrating the beauty of the imagination. The collection’s signature Idylle Blossom ring is introduced in three shades of gold punctuated with diamonds, while layered neckl

Roberto Coin featuring handmade creation The pieces were inspired by the coat of arms of Navarra, an ancient region of Spain, which was made of 16 chains in a sunray pattern under a glorious crown.  The meticulous, essential design is almost regally austere, with the chains as the dominant element. Navarra may have been inspired by the past but its look is modern and powerful, free from contrived details and full of commanding simplicity.                                                                                                              Navarra bangle with diamonds, where diamonds decorate this majestic bangle by, featuring 18kt yellow gold and the uniqueness of a handmade creation. Navarra bangle in 18kt yellow gold with diamonds. Wide version. Total studded diamonds that weight of about 0.87 CT & Clarity is of VS, G-colour & Cut is the round brilliant! Being a handmade product the above characteristics may be subject to slight variations & it is also applicable t

How, diamonds presented in retail settings! CXG, a global leader in consumer insights, performed research across national and regional retailers to uncover how natural diamonds (NDs) and laboratory-grown diamonds (LGDs) are presented in retail settings. The study analyzed how the store environment, merchandising, and interactions with the Sales Advisors contribute to the customer’s education, experience, and confidence to purchase.  Key findings include: 1: It is a concern that sales advisors show little proactivity (less than 40% of interactions) in explaining differences between LGDs and NDs, use a comparative narrative, and show lack of knowledge in using ethical, provenance, and traceability arguments.                                                                                                                                            2: In fact, only 6% of cases was knowledge shared on the ethical and provenance arguments of natural diamonds! Generally, just half of customers