(IDEX Online) - Lab grown pioneer Diamond Foundry (DF) has created a huge diamond wafer with a 10cm (4 inches) diameter.It describes it as "the world's first single-crystal diamond wafer - and also the largest-sized diamond that ever existed on Earth".Technology developed by the Silicon Valley startup will open up a new world of supercomputing and electric vehicles.Diamonds are the best heat...Read More
(IDEX Online) - Even wealthy clients, who can readily afford natural diamonds, are buying lab growns, says the founder of a luxury jewelry brand in Dubai.Fergus James says he sells high-end lab-grown diamond bracelets to wealthy socialites, influencers and Premier League footballers.He says one client, an ultra-high net individual from India, spends over $500,000 a year - all on lab grown rather t...Read More
(IDEX Online) - The IIJS Signature show is set to generate $4.2bn of business, an increase of $500m on last year.Organizers say 30,000 visitors are attending the five-day, two-venue event in Mumbai which ends tomorrow (9 January).Shri Nirav Bhansali, convener of national exhibitions for GJEPC (Gem & Jewellery Export Promotion Council) said: "As the first show of the year, IIJS Signature plays...Read More
(IDEX Online) - Lab growns and natural diamonds will coexist in the future, says Vipul Shah, chairman of the Gems and Jewellery Export Promotion Council (GJEPC).He was speaking at the IIJS Signature, which opened in Mumbai on Friday (5 January 2024)."With natural diamonds, there is an aspiration, whereas lab-grown diamonds are for affordability, and for fun and fashion," he said."So, it's a c...Read More
(IDEX Online) - The US department store JCPenney says it saw a 50 per cent increase in lab grown diamond jewelry last year.It was one of the first mass retailers to embrace lab growns, with the launch in 2018 of its bridal Grown with Love collection aimed at "ethically-minded shoppers".Pam Mortensen, head of fine jewelry, said bridal was driving the increase in its lab grown sales."You've hea...Read More
(IDEX Online) - The G7 sanctions are unlikely to have a significant impact on exports of Russian diamonds, according to analysts quoted by Tass, the state-owned news agency.They say Russia, the world's biggest diamond producer by volume, will simply sell to other markets.They also say it will take years to properly develop the technology needed to outlaw the diamonds it produces.Alexey Kalach...Read More
Historians of the future, flash-frying peccary testicles and mesquite pods over their campfires, will wonder at how the archetypal Shining City on a Hill of America's storied yesteryear got transformed into the roach motel that our country has become on the threshold of 2024.Will they be as stupidly bewildered as, in our time, the faculty at Harvard, the editors of The New York Times or the direct...Read More
The political left that I came to know in college that one that rallied around free speech, reason over faith, fairness to all and peace seems to have evaporated completely.I barely recognized what's replaced it. Truth is, I cannot make heads or tails out of any of it. It seems like this chaotic assembly of seemingly random biases, all shoved together in a package like a grab bag of the bizarr...Read More
Share this articleVANCOUVER - Silver Storm Mining Ltd. [TSXV-SVRS); OTCQB-SVRSF; FSE-SVR], formerly Golden Tag Resources Ltd., reported further drill results from its Phase 1 diamond drilling program at the company's 100%-owned La Parrilla Silver Mine Complex in Durango Mexico. Results from the four holes within this release are from the Quebradillas mine.Highlights: Hole Q-23-020 intersected the...Read More
(IDEX Online) - The EU has sanctioned Alrosa and its CEO Pavel Marinychev, almost two years after Russia invaded Ukraine."In line with the diamond ban we have introduced with the 12th package of sanctions, the EU today lists Alrosa, the largest diamond-mining company in the world and its CEO," EU foreign policy chief Josep Borrel said yesterday (3 January) on X, formerly Twitter. "This is part of...Read More
(IDEX Online) - A pear-cut 6.01-ct diamond submitted for grading at an IGI lab was found to be a lab grown impostor.It had the GIA laser inscription of a genuine natural diamond and was a close match for its carat weight, physical spread, and primary qualities.But it was soon revealed to be a CVD lab grown by gemologists in Tel Aviv."Everyone in our industry must be vigilant," said Tehmasp Printer...Read More
Is this the year of the 493?The 493? Here we refer to the 493 stocks of the S&P 500 the 493 stocks not named Apple, Microsoft, Google, Tesla, Nvidia, Amazon or Meta.These are the seven wagon-pullers that have hauled the stock market to present extremes.The S&P 500 galloped 24% last year under their behemoth influence.The remaining 493 lagged far behind them.Mr. Michael Lebowitz of Real I...Read More
(IDEX Online) - Diamond traders in Surat are reportedly buying a $3.6m private jet to ferry international buyers to the city's newly-opened bourse.There are currently no direct flights between Surat and Mumbai, India's financial hub, and the journey by road takes at least six hours.The vast $355m Surat Diamond Bourse (pictured) finally opened last November, increasing pressure for a quic...Read More
(IDEX Online) - Watch and jewelry sales in the US have finally turned a corner, the US Department of Commerce, rising by 3.2 per cent in November after nine months of consecutive decline.We saw movement in this direction in October, when sales were down by just 0.2 per cent, indicating that demand is picking up, and the economy is showing signs of stabilizing.There is, however, conflicting news fr...Read More
The minutes from the Fed's December FOMC meeting were released today. They revealed that the Fed believed rate hikes were no longer likely, but that it wouldn't be lowering rates in the near term.The December minutes revealed that the Fed's target rate is "likely at or near its peak for this tightening cycle."Fed officials also "judged that the current stance of monetary policy was restrictive and...Read More
(IDEX Online) - The Jaipur Jewellery Show (JJS) attracted 50,000 visitors from India and beyond.Organizers said there were more than 1,000 booths at the B2B & B2C event which took place from 22 to 25 December at the Novotel Jaipur Convention Centre.Vipul Shah GJEPC chairman said the upcoming Gem Bourse in Jaipur would make India a key global hub in the gem and jewelry sector."The theme for the...Read More
(IDEX Online) - Exports of Swiss watches surged during November to their "highest-ever monthly level" with sales of almost CHF2.5bn ($2.95bn).That's a growth of 3.1 per cent compared with the previous month, according to new figures from the Federation of the Swiss Watch Industry Exports (FHS).It represents a year-on-year increase for January to November of 7.7 per cent.The most significant r...Read More
(IDEX Online) - It's a new year, and there's a new direction of travel.The IDEX Polished Price Index is finally on the increase after a long and steady decline from its post-Covid peak in March 2022.The last two months of 2023 saw the first green shoots of recovery. In December, for the first time in almost two years we saw an increase in month-on-month prices for all sizes up to 5.0-cts...Read More
In 2023, we saw the outbreak of a banking crisis (that isn't over), a new Middle East war break out in Gaza, two states ban Trump from the ballot in the 2024 elections and the mainstreaming of AI, among other things.All I can say is strap in, because 2024 is setting up to be even more chaotic than 2023. That's right, 2024 will be more tumultuous and shocking than 2023. Let's first address the elec...Read More
(IDEX Online) - Police in New York have arrested a man suspected of a string of armed robberies, including a $375,000 jewelry heist.Federal prosecutors say Franco Alexander Peraza Navas, 30, has been charged with "a wanton spree of at least two gunpoint carjackings and six gunpoint robberies and attempted robberies."He is accused of the raid on a jewelry store on on 103rd St. in Queens. Prosecutor...Read More