Diamonds by Candlelight

Diamonds and candles are the perfect duo when, say, a certain question is being ‘popped’, right? But one candle company is taking the sentiment to ‘11’ by putting the two together for one whopper of a mood lighting instrument.

Welcome Home Candles is offering an earth-friendly soy candle with a Diamond Bow Necklace encrusted with 38 diamonds weighing 2.23 carats with a G color, VS clarity, and set in 14-carat white gold.

Indeed!

The candle and necklace set was designed exclusively for Welcome Home Candles according to Luxist.com by Bucci's Jewelry & Design, one of the Philadelphia area's top jewelry designers.

And the price? A mere $5 grand.

Seems a slight step up from tea lights and wall sconces, no?

Diamonds by Candlelight

Diamonds and candles are the perfect duo when, say, a certain question is being ‘popped’, right? But one candle company is taking the sentiment to ‘11’ by putting the two together for one whopper of a mood lighting instrument.

Welcome Home Candles is offering an earth-friendly soy candle with a Diamond Bow Necklace encrusted with 38 diamonds weighing 2.23 carats with a G color, VS clarity, and set in 14-carat white gold.

Indeed!

The candle and necklace set was designed exclusively for Welcome Home Candles according to Luxist.com by Bucci's Jewelry & Design, one of the Philadelphia area's top jewelry designers.

And the price? A mere $5 grand.

Seems a slight step up from tea lights and wall sconces, no?

We saw it through the grapevine

ANTWERP, August 30 (Reuters) – Rumours have reached us that the Gardener of Adin is offering the above pictured bar brooch at a reduced price to Adin's followers. When being confronted with this the Gardener confessed. He told us that the price of the brooch had been curtailed by €1,000 which is almost $1,500! In a later statement he testified that this was done in an attempt to lower the presence of crystallized carbon in the Garden of Adin to meet with the standards as set in the Kyoto protocol.

Click the picture to see a close-up of this magnificent bar brooch.

Antiqualy yours,
The Adin team
www.adin.be

P.s. Perhaps you know someone who might be interested in receiving our mails? Forward them this mail and they can subscribe themselves at: our subscription page

See our:
Art Deco jewelry
bar brooches
brooches
latest acquisitions
complete inventory
or read our explanations on:
extensive antique jewelry glossary
antique jewelry style overview

Amsterdam Diamonds

Amsterdam is a major historical location for the diamond industry. Walking down the streets you will see a lot of jewelry stores as well as many diamond businesses with prominent security systems and signs reading "guided diamond tours"...............Click Here!

If you go on these tours you'll see some breathtaking diamonds, as well a chance to see these stones being cut and polished. And if you have some cash to spare, purchase one for $4000 to $400,000.
Amsterdam has an extended history relating to diamonds, and has been a major diamond center since Sephardic Jews introduced the diamond cutting industry to Amsterdam in the later 16th century. Nowadays there are about a dozen diamond cutting facilities in the city, 5 of which offer guided tours. The tours are free and are usually conducted 9am to 5pm each day.
Amsterdam has an extended heritage in the diamond business, and has been a major European diamond center since Sephardic Jews introduced the diamond cutting industry in the later 16th century. Ultra-Orthodox Jews are still prominent in worldwide diamond marketing and distribution, and urban legend has it they hide diamonds in their beards to move them through customs without being detected. Diamonds are not necessarily cheaper in Amsterdam; however prices are fairly competitive. At least you will have seen the stones being worked, and when you purchase from a factory you get an extensive description of the diamond you acquire so you know exactly what you are buying.
The following renowned diamond stores offer diamond-cutting and polishing tours, and sales of the finished diamonds:
Coster Diamonds
Gassan Diamonds
Stoeltie Diamonds
Van Moppes Diamonds, which was the the 1st company to offer guided tours.
Be sure to sample authentic Dutch food at the numerous cafes. If you have a chance eat a "brodje haring" (an open-faced sandwich with salted herring) or try other seafood specialties from the cuisine of this seafaring nation.
The best time to visit Holland is spring or fall when the heat of summer and the droves of tourists have departed and the leaves on the trees aren't blocking the review of the monumental facades. The winters are penetratingly cold and wet with lots of rain and sleet. Because of the high humidity, it actually feels as cold as the thirty-below winters common in Canada. Come in spring (March through May) and catch the Holland Flower Festival at Keukenhof.
If you're over 40, make sure you pack a pair of reading/magnifying glasses: museums tend to utilise microscopic lettertypes for their descriptive plaques.
Just here are a select few of Amsterdam's major attractions:
Anne Frank Home (Anne Frank Huis)
National Museum (Rijksmuseum)
Van Gogh Museum
Red Light District
National Museum of Modern Art (Stedelijk Museum)
Amstelkring Museum (Our Lord in the Attic Chapel)
Museum Het Rembrandt Huis (Rembrandt House)
Jewish Historical Museum (Joods Historisch Museum)
Dam Square
Sauna Deco
Amsterdam sail:
Sail Amsterdam
If you love boats, KNSM Island with its shipping history is the place for you. Every five years this harbor area of Amsterdam hosts the Sail event. Every new edition attracts even more visitors (Sail 2000 welcomed two and a half million people). Every edition also offers even more Tall Ships and even more cultural activities in the area.
The Van Gogh Museum contains the largest collection of works by Vincent Van Gogh, the tragic artist who cut off his ear and committed suicide. You will find more than 200 incredible works from the Master’s hand, as well as 500 drawings and 700 written documents. Together these provide a historic insight into his life and art.
Amsterdam is a fascinating place with lots of things to see and do besides diamonds and diamond businesses. After one visit I'm sure you'll be so fascinated you will be determined to come back.....................Click Here!

The Hunt for a Perfect Diamond

Diamonds are associated with the finest things in life, and a diamond engagement ring is possibly the most significant diamond purchase that you will make during your lifetime. Browsing jewelry stores and catalogs can be overwhelming, with each one guaranteeing that they offer the best quality selection. So how can you be sure that you are getting a great diamond in that designer ring
Finding the perfect beautiful ring for the woman that you love can be a difficult job if you don’t know what you are looking for. When you propose you want her to know that only the finest, superior quality diamond ring is good enough for her, and you should also take care to find a designer ring that suits her style and taste to make the ring more personal. When it comes to diamonds size matters, but is only a part of what you should look for in an engagement ring. The physical size, or weight, of a diamond is measure in carats, but just because a diamond is large doesn’t mean that it is high quality, or even attractive. In fact, many of the largest stones that you see on display in jewelry counters may not even be real, or natural diamonds.
To truly appreciate a diamond you need to take into consideration the other 3 ‘c’s of diamonds, namely cut, clarity and color. The finest diamond designer rings will display exquisite cuts, a high level of clarity, and a pure color. However, if you are looking for a cheap engagement ring you can opt to choose a higher grade of one element over another to keep the price of your designer ring within your budget. For example, if you are happy with a diamond that has flaws ‘only visible under close inspection’ then you will be able to afford a larger carat. A diamond with a cut that is not quite perfect might be technically less valuable but could create an unusual fire and sparkle to enhance the clarity of the gem. Each piece of diamond jewelry that you purchase should come with a certificate to show you exactly what the rating is for each ‘c’. The beauty of buying a diamond designer ring online is that a good site will often display that useful information right alongside each beautiful ring.
Some may even let you search by settings for your engagement ring, by diamond type or by price range letting you find a precious engagement rings within your budget. Modern designer rings now also offer choices in other gemstones for engagement rings in tantalizing color combinations such as diamond and tanzanite rings or pink saphire and diamond rings. Settings for engagement rings can also vary, ranging from modern designer styles to classic and traditional settings. The important this is to choose a diamond ring not based on size or price alone, but to choose a designer ring that you feel she will love and treasure forever, because that is was an engagement ring symbolizes.

The Hunt for a Perfect Diamond

Diamonds are associated with the finest things in life, and a diamond engagement ring is possibly the most significant diamond purchase that you will make during your lifetime. Browsing jewelry stores and catalogs can be overwhelming, with each one guaranteeing that they offer the best quality selection. So how can you be sure that you are getting a great diamond in that designer ring
Finding the perfect beautiful ring for the woman that you love can be a difficult job if you don’t know what you are looking for. When you propose you want her to know that only the finest, superior quality diamond ring is good enough for her, and you should also take care to find a designer ring that suits her style and taste to make the ring more personal. When it comes to diamonds size matters, but is only a part of what you should look for in an engagement ring. The physical size, or weight, of a diamond is measure in carats, but just because a diamond is large doesn’t mean that it is high quality, or even attractive. In fact, many of the largest stones that you see on display in jewelry counters may not even be real, or natural diamonds.
To truly appreciate a diamond you need to take into consideration the other 4 ‘c’s of diamonds, namely cut, clarity and color. The finest diamond designer rings will display exquisite cuts, a high level of clarity, and a pure color. However, if you are looking for a cheap engagement ring you can opt to choose a higher grade of one element over another to keep the price of your designer ring within your budget. For example, if you are happy with a diamond that has flaws ‘only visible under close inspection’ then you will be able to afford a larger carat. A diamond with a cut that is not quite perfect might be technically less valuable but could create an unusual fire and sparkle to enhance the clarity of the gem. Each piece of diamond jewelry that you purchase should come with a certificate to show you exactly what the rating is for each ‘c’. The beauty of buying a diamond designer ring online is that a good site will often display that useful information right alongside each beautiful ring.
Some may even let you search by settings for your engagement ring, by diamond type or by price range letting you find a precious engagement rings within your budget. Modern designer rings now also offer choices in other gemstones for engagement rings in tantalizing color combinations such as diamond and tanzanite rings or pink saphire and diamond rings. Settings for engagement rings can also vary, ranging from modern designer styles to classic and traditional settings. The important this is to choose a diamond ring not based on size or price alone, but to choose a designer ring that you feel she will love and treasure forever, because that is was an engagement ring symbolizes.

Harry Winston Profit Soars

Harry Winston Diamond Corp. said second-quarter net income more than doubled as the company banked on strong growth in emerging markets.

"Our businesses in Asia, Europe and the Middle East have been sufficient to offset the general market softness in the U.S. and Japan; this contributed to our strong retail finish for second quarter," President Thomas J. O'Neill said, adding that the company was on "firm footing" for the second half of the year.

The comments echoed those of fellow jeweler Tiffany & Co., which in late July said strong sales in the Asian-Pacific and European regions offset weakness in the U.S.

The diamond miner and retailer reported net income of $49.9 million, or 81 cents a share, compared with $20.1 million, or 34 cents a share, a year earlier. The latest quarter was helped by a $4.3 million insurance recovery and a drop in the effective income-tax rate to 33% from 47%. The gross margin widened to 60.5% from 52.8%, helped by the insurance recovery.

Sales rose 7.4% to $186.1 million in the quarter ended July 31. Mining sales remained at $105 million as higher prices made up for lower volume.

Wall Street Journal; September 10, 2008

Harry Winston Profit Soars

Harry Winston Diamond Corp. said second-quarter net income more than doubled as the company banked on strong growth in emerging markets.

"Our businesses in Asia, Europe and the Middle East have been sufficient to offset the general market softness in the U.S. and Japan; this contributed to our strong retail finish for second quarter," President Thomas J. O'Neill said, adding that the company was on "firm footing" for the second half of the year.

The comments echoed those of fellow jeweler Tiffany & Co., which in late July said strong sales in the Asian-Pacific and European regions offset weakness in the U.S.

The diamond miner and retailer reported net income of $49.9 million, or 81 cents a share, compared with $20.1 million, or 34 cents a share, a year earlier. The latest quarter was helped by a $4.3 million insurance recovery and a drop in the effective income-tax rate to 33% from 47%. The gross margin widened to 60.5% from 52.8%, helped by the insurance recovery.

Sales rose 7.4% to $186.1 million in the quarter ended July 31. Mining sales remained at $105 million as higher prices made up for lower volume.

Wall Street Journal; September 10, 2008

Harry Winston Profit Soars

Harry Winston Diamond Corp. said second-quarter net income more than doubled as the company banked on strong growth in emerging markets.

"Our businesses in Asia, Europe and the Middle East have been sufficient to offset the general market softness in the U.S. and Japan; this contributed to our strong retail finish for second quarter," President Thomas J. O'Neill said, adding that the company was on "firm footing" for the second half of the year.

The comments echoed those of fellow jeweler Tiffany & Co., which in late July said strong sales in the Asian-Pacific and European regions offset weakness in the U.S.

The diamond miner and retailer reported net income of $49.9 million, or 81 cents a share, compared with $20.1 million, or 34 cents a share, a year earlier. The latest quarter was helped by a $4.3 million insurance recovery and a drop in the effective income-tax rate to 33% from 47%. The gross margin widened to 60.5% from 52.8%, helped by the insurance recovery.

Sales rose 7.4% to $186.1 million in the quarter ended July 31. Mining sales remained at $105 million as higher prices made up for lower volume.

Wall Street Journal; September 10, 2008

A Little about the HARDNESS of DIAMONDS

When you see I call myself Aprilviolet, there would be no prizes for guessing that yes, I was born in April & yes, I do like diamonds. There is much that could be said on the subject of diamonds – just think of some of the songs that were popular in the 20th century. How romantic they seem. Yet it should be remembered that dispute all the hype surrounding diamonds – they are carbon! Yes, nothing more than humble carbon!

One of the most remarkable changes in nature is that of a caterpillar becoming a beautiful butterfly. Likewise pressure changes ugly soft soot-black carbon into a diamond, the hardest occurring of all gemstones. Because of its hardness, centuries ago diamonds were not easily cut & so were more regarded for their hardness than their beauty. As an example the Bible mentioned gemstones in several places. Heaven is symbolically filled with different layers of precious stones to emphasis its beauty. By contrast the only two mentions of diamond in the Bible, at Jer 17:1 & Eze 3:9 both refer to its hardness.

The hardness of diamond is also it ‘Achillis Heel’. Being so hard it can easily shatter. Diamonds have been found in my homeland of Tasmania. Most were accidentally destroyed by the early prospectors in the 19th century. The myth was that you tested for diamond by hitting the stone with a hammer! The few that got it right knew that you tested diamond by trying to mark it with flint. If you could not mark the stone, it probably was a diamond. It is quite well known that on the Mohs scale diamonds are number 10; & therefore the only thing that will cut a diamond is another diamond.

There is much of a technical nature we could say about diamonds; & we will do so on a later occasion. For those of you who are eager to learn right away about the '4C's' follow this long link http://www.thegemlovers.com/index.php?pr=Tips_for_Buying_Your_Engagement_Ring & you'll learn some good stuff. Being so 'hard' diamonds make excellent gem stones for me as the example above illustrates nicely. To buy the above ring for any male gemlover (& don't we love them) go to http://www.thegemlovers.com/Diamonds_.php

A Little about the HARDNESS of DIAMONDS

When you see I call myself Aprilviolet, there would be no prizes for guessing that yes, I was born in April & yes, I do like diamonds. There is much that could be said on the subject of diamonds – just think of some of the songs that were popular in the 20th century. How romantic they seem. Yet it should be remembered that dispute all the hype surrounding diamonds – they are carbon! Yes, nothing more than humble carbon!

One of the most remarkable changes in nature is that of a caterpillar becoming a beautiful butterfly. Likewise pressure changes ugly soft soot-black carbon into a diamond, the hardest occurring of all gemstones. Because of its hardness, centuries ago diamonds were not easily cut & so were more regarded for their hardness than their beauty. As an example the Bible mentioned gemstones in several places. Heaven is symbolically filled with different layers of precious stones to emphasis its beauty. By contrast the only two mentions of diamond in the Bible, at Jer 17:1 & Eze 3:9 both refer to its hardness.

The hardness of diamond is also it ‘Achillis Heel’. Being so hard it can easily shatter. Diamonds have been found in my homeland of Tasmania. Most were accidentally destroyed by the early prospectors in the 19th century. The myth was that you tested for diamond by hitting the stone with a hammer! The few that got it right knew that you tested diamond by trying to mark it with flint. If you could not mark the stone, it probably was a diamond. It is quite well known that on the Mohs scale diamonds are number 10; & therefore the only thing that will cut a diamond is another diamond.

There is much of a technical nature we could say about diamonds; & we will do so on a later occasion. For those of you who are eager to learn right away about the '4C's' follow this long link http://www.thegemlovers.com/index.php?pr=Tips_for_Buying_Your_Engagement_Ring & you'll learn some good stuff. Being so 'hard' diamonds make excellent gem stones for me as the example above illustrates nicely. To buy the above ring for any male gemlover (& don't we love them) go to http://www.thegemlovers.com/Diamonds_.php

La Dolce Vita

Love these very pretty rings from Dolce Jewels in beautiful Telluride, Colorado. On the left, gold, diamonds and rubies. Nice touch on what appears to be a little yellow gold accent around the ruby. Right: Tahitian pearl with diamonds, rubies and white gold.

Interjewel

These natural-color diamond pendants give me nostalgic thoughts of science class. I'm seeing pulleys, gears, and other mechanical stuff I can't remember the names of.  From Interjewel.

Studio Numen

Now THESE are interesting! Both are by Margot di Cono of Studio Numen. The Solaris necklace, at left is 14k gold, 22k gold and sterling silver with white and black diamonds. The Spider necklace, at right, is 18k gold, 22k gold and sterling silver.

Diamond Mining Is Losing Its Shine

Buy Diamonds and Diamond Wedding Bands Now Before Prices Rise!

Diamonds may be forever. Diamond mining, maybe not.

With growth in diamond prices trailing far behind that of most commodities, some miners are turning their sights toward gold, iron ore, and phosphate instead of sparkle.

Flinders Diamonds, an Australian miner, recently reassessed its exploration areas and identified a target in western Australia for iron ore, prices of which have been soaring along with demand for steel. It changed its name to Flinders Mines Ltd. to reflect its exr panded focus. Its stocks soared upon the April announcement.

Last June, diamond miner Sierra Leone Diamond decided to change its name to African Minerals Ltd. to reflect its exploration of precious and base metals across the African continent. Bonaparte Diamond Mines of Australia just concluded a diamond joint venture in Namibia to focus instead on exploring a phosphate project there because "the economic return" from diamonds "doesn't warrant moving into the next phase," Michael Woodborne, the firm's managing director, said in a statement. Prices of phosphate, a key component in fertilizer, are up dramatically lately.

For miners, the opportunity, cost of investing time and shareholder money in diamonds is just part of the problem. On the demand side, diamond sales, at least in the U.S., have been struggling. Citing a sluggish U.S. market, which accounts for about 50% of the total, De Beers Group reported a 3.7% fall in revenue to $5.9 billion last year.

Compared to most commodities, diamond prices have been "extremely unexciting" over the past few years, says Charles Wyndham, founder of PolishedPrices.com, which keeps a wholesale diamond price index. This year, it is flat, and up 3.6% from a year earlier. Over the same time, S&P GSCI, a commodities benchmark, is up 37.6% and 73.5%, respectively.

The departure from diamond mining marks a reversal from several years ago. At least 60 new diamond-mining companies sprung up after diamond giant De Beers went private in 2001, estimates David Hargreaves, a mining and gemstone consultant to United Kingdombased broker Hoodless Brennan Ltd. Yet, some newcomers may be finding that diamond mining is a trying and costly endeavor. Even if you find a diamond mine, it may take seven to 10 years before it produces, Mr. Hargreaves says.

Diamond mining is viewed as the "worst kind of gambling," says Theo Botoulas, chief executive of BRC DiamondCore Ltd., a diamond miner in South Africa.

In January, Tahera Diamond Corp., a Canadian miner, ceased operations and filed for bankruptcy-courtprotection. "Not every diamond mine will be successful.lt's a very high-risk business," said Gareth Penny, De Beers's managing director.

Still, several players, like BRC, are keeping at it. They argue that long-term demand for diamonds world-wide is good, and prices of big, better-quality stones have risen rapidly. Instead of shunning the gem business, Canadian miner Aber Diamond Corp. took full ownership of Harry Winston Diamond Corp. and focused on high-end retail sales before it started trading under its new name on the New York Stock Exchange in November. The company reported a 10% increase in overall revenue for the first quarter because of strong sales growth in Asia and Europe, though its mining production fell 31%.

De Beers has said it expects demand from markets like China, India, the Middle East and Russia to grow. It has raised prices of rough diamonds by an average of 8.5% so far this year. De Beers has been aggressively investing in new mining projects, and it will bring four major projects into full production this year.

Rio Tinto PLC, which produced 16% of the world's rough diamonds by volume in 2007, estimates diamond prices to rise in response to "a sizable supply gap" this year and expects demand will outpace supply for the next decade. Meanwhile, Diapason Commodities Management, a U.K.-based company, is planning to launch a "diamond fund" soon, in the form of a listed investment firm whose portfolio will be polished diamonds.

"Mining is a long-term game," said Mr. Wyndham of PolishedPrices.com. "Those who are switching back and forth from one commodity to another usually won't succeed."

By: Carolyn Cui
Wall Street Journal

Diamond Mining Is Losing Its Shine

Buy Diamonds and Diamond Wedding Bands Now Before Prices Rise!

Diamonds may be forever. Diamond mining, maybe not.

With growth in diamond prices trailing far behind that of most commodities, some miners are turning their sights toward gold, iron ore, and phosphate instead of sparkle.

Flinders Diamonds, an Australian miner, recently reassessed its exploration areas and identified a target in western Australia for iron ore, prices of which have been soaring along with demand for steel. It changed its name to Flinders Mines Ltd. to reflect its exr panded focus. Its stocks soared upon the April announcement.

Last June, diamond miner Sierra Leone Diamond decided to change its name to African Minerals Ltd. to reflect its exploration of precious and base metals across the African continent. Bonaparte Diamond Mines of Australia just concluded a diamond joint venture in Namibia to focus instead on exploring a phosphate project there because "the economic return" from diamonds "doesn't warrant moving into the next phase," Michael Woodborne, the firm's managing director, said in a statement. Prices of phosphate, a key component in fertilizer, are up dramatically lately.

For miners, the opportunity, cost of investing time and shareholder money in diamonds is just part of the problem. On the demand side, diamond sales, at least in the U.S., have been struggling. Citing a sluggish U.S. market, which accounts for about 50% of the total, De Beers Group reported a 3.7% fall in revenue to $5.9 billion last year.

Compared to most commodities, diamond prices have been "extremely unexciting" over the past few years, says Charles Wyndham, founder of PolishedPrices.com, which keeps a wholesale diamond price index. This year, it is flat, and up 3.6% from a year earlier. Over the same time, S&P GSCI, a commodities benchmark, is up 37.6% and 73.5%, respectively.

The departure from diamond mining marks a reversal from several years ago. At least 60 new diamond-mining companies sprung up after diamond giant De Beers went private in 2001, estimates David Hargreaves, a mining and gemstone consultant to United Kingdombased broker Hoodless Brennan Ltd. Yet, some newcomers may be finding that diamond mining is a trying and costly endeavor. Even if you find a diamond mine, it may take seven to 10 years before it produces, Mr. Hargreaves says.

Diamond mining is viewed as the "worst kind of gambling," says Theo Botoulas, chief executive of BRC DiamondCore Ltd., a diamond miner in South Africa.

In January, Tahera Diamond Corp., a Canadian miner, ceased operations and filed for bankruptcy-courtprotection. "Not every diamond mine will be successful.lt's a very high-risk business," said Gareth Penny, De Beers's managing director.

Still, several players, like BRC, are keeping at it. They argue that long-term demand for diamonds world-wide is good, and prices of big, better-quality stones have risen rapidly. Instead of shunning the gem business, Canadian miner Aber Diamond Corp. took full ownership of Harry Winston Diamond Corp. and focused on high-end retail sales before it started trading under its new name on the New York Stock Exchange in November. The company reported a 10% increase in overall revenue for the first quarter because of strong sales growth in Asia and Europe, though its mining production fell 31%.

De Beers has said it expects demand from markets like China, India, the Middle East and Russia to grow. It has raised prices of rough diamonds by an average of 8.5% so far this year. De Beers has been aggressively investing in new mining projects, and it will bring four major projects into full production this year.

Rio Tinto PLC, which produced 16% of the world's rough diamonds by volume in 2007, estimates diamond prices to rise in response to "a sizable supply gap" this year and expects demand will outpace supply for the next decade. Meanwhile, Diapason Commodities Management, a U.K.-based company, is planning to launch a "diamond fund" soon, in the form of a listed investment firm whose portfolio will be polished diamonds.

"Mining is a long-term game," said Mr. Wyndham of PolishedPrices.com. "Those who are switching back and forth from one commodity to another usually won't succeed."

By: Carolyn Cui
Wall Street Journal

Diamond Mining Is Losing Its Shine

Buy Diamonds and Diamond Wedding Bands Now Before Prices Rise!

Diamonds may be forever. Diamond mining, maybe not.

With growth in diamond prices trailing far behind that of most commodities, some miners are turning their sights toward gold, iron ore, and phosphate instead of sparkle.

Flinders Diamonds, an Australian miner, recently reassessed its exploration areas and identified a target in western Australia for iron ore, prices of which have been soaring along with demand for steel. It changed its name to Flinders Mines Ltd. to reflect its exr panded focus. Its stocks soared upon the April announcement.

Last June, diamond miner Sierra Leone Diamond decided to change its name to African Minerals Ltd. to reflect its exploration of precious and base metals across the African continent. Bonaparte Diamond Mines of Australia just concluded a diamond joint venture in Namibia to focus instead on exploring a phosphate project there because "the economic return" from diamonds "doesn't warrant moving into the next phase," Michael Woodborne, the firm's managing director, said in a statement. Prices of phosphate, a key component in fertilizer, are up dramatically lately.

For miners, the opportunity, cost of investing time and shareholder money in diamonds is just part of the problem. On the demand side, diamond sales, at least in the U.S., have been struggling. Citing a sluggish U.S. market, which accounts for about 50% of the total, De Beers Group reported a 3.7% fall in revenue to $5.9 billion last year.

Compared to most commodities, diamond prices have been "extremely unexciting" over the past few years, says Charles Wyndham, founder of PolishedPrices.com, which keeps a wholesale diamond price index. This year, it is flat, and up 3.6% from a year earlier. Over the same time, S&P GSCI, a commodities benchmark, is up 37.6% and 73.5%, respectively.

The departure from diamond mining marks a reversal from several years ago. At least 60 new diamond-mining companies sprung up after diamond giant De Beers went private in 2001, estimates David Hargreaves, a mining and gemstone consultant to United Kingdombased broker Hoodless Brennan Ltd. Yet, some newcomers may be finding that diamond mining is a trying and costly endeavor. Even if you find a diamond mine, it may take seven to 10 years before it produces, Mr. Hargreaves says.

Diamond mining is viewed as the "worst kind of gambling," says Theo Botoulas, chief executive of BRC DiamondCore Ltd., a diamond miner in South Africa.

In January, Tahera Diamond Corp., a Canadian miner, ceased operations and filed for bankruptcy-courtprotection. "Not every diamond mine will be successful.lt's a very high-risk business," said Gareth Penny, De Beers's managing director.

Still, several players, like BRC, are keeping at it. They argue that long-term demand for diamonds world-wide is good, and prices of big, better-quality stones have risen rapidly. Instead of shunning the gem business, Canadian miner Aber Diamond Corp. took full ownership of Harry Winston Diamond Corp. and focused on high-end retail sales before it started trading under its new name on the New York Stock Exchange in November. The company reported a 10% increase in overall revenue for the first quarter because of strong sales growth in Asia and Europe, though its mining production fell 31%.

De Beers has said it expects demand from markets like China, India, the Middle East and Russia to grow. It has raised prices of rough diamonds by an average of 8.5% so far this year. De Beers has been aggressively investing in new mining projects, and it will bring four major projects into full production this year.

Rio Tinto PLC, which produced 16% of the world's rough diamonds by volume in 2007, estimates diamond prices to rise in response to "a sizable supply gap" this year and expects demand will outpace supply for the next decade. Meanwhile, Diapason Commodities Management, a U.K.-based company, is planning to launch a "diamond fund" soon, in the form of a listed investment firm whose portfolio will be polished diamonds.

"Mining is a long-term game," said Mr. Wyndham of PolishedPrices.com. "Those who are switching back and forth from one commodity to another usually won't succeed."

By: Carolyn Cui
Wall Street Journal

Diamond Prices Predicted to Fall Modestly in June 2008

Great news for consumers looking to buy diamond wedding rings and diamond wedding bands.

You've likely never heard of Martin Rapaport but to the diamond world he's famous. Rapaport is to diamonds what Robert Parker is to wine, a person of tremendous influence. He runs Diamonds.Net and his Rapaport Index defines diamond pricing for the world. On Monday, Rapaport spoke to the packed room at the JCK jewelry show in Las Vegas delivering his pronouncements on the diamond market at an annual breakfast event. Right now, the diamond industry is facing similar challenges seen by the rest of the luxury market. Rapaport feels that the current economic climate offers both opportunity and pitfalls for those in the diamond business.

The news is conflicting, larger stones have been getting higher and higher prices and the huge wealth in China, Dubai, India and Russia is creating a hunger for luxury goods and diamonds and diamond jewelry specifically. This is also a time when the plummeting real estate market in the U.S. and Europe means that the Western world, which fueled the global prosperity in the beginning, is now cutting back on spending. Independent stores and small chains are having a tough time and the news is full of stories of stores having bankruptcy sales where goods are being sold off at below cost. This means that diamond prices are coming down worldwide and the best prices on diamond wedding bands are at designbands.com.

As of 2007, the U.S. still made up the bulk of diamond jewelry sales, clocking in at 43%. China brought in 8.5%, Europe did 11% and the Middle East was responsible for 4.6%. Until recently, the U.S. had been on a path of prolonged economic growth and our prosperity fueled the global economy expanding the middle class in India and Africa. Small jewelers in the U.S. are now competing with a global market. As I've heard mentioned at other conferences such as the Luxury Summit, the number of millionaires and billionaires is growing worldwide. This might be one reason why the price of big stones is going up far faster than the prices for smaller stones, especially those under a carat.

For jewelry sellers, as I heard in other sessions at this show, branding is more important than ever, especially to new luxury spending markets. Rapaport cautioned though that branding is a "trojan horse" for the retailers. First the retailers convince their customers which brand to buy and then the seller of the brand raises that price. Many stores are worried about the new DeBeers Forevermark, a branded diamond sold by DeBeers. Now the considerable advertising budget of DeBeers will be aimed at marketing that diamond which will be sold at premium price. Rapaport's answer to those competing against this new stone? Hang a sign in your window advertising that you are selling for diamonds for 10% less than Forevermark.
Overall, Rapaport is bullish about the future of diamonds. His data shows that over time global demand for diamonds will outpace supply by an increasing margin. He made the analogy that just as a forest fire is a way of the forest ecosystem, righting itself for greater growth, the current economic climate will eventually be good for the diamond market as a whole and will benefit the smaller jeweler if they realize that flexibility is power. Just as I heard Nick Failla say about gold at an earlier session, Rapaport too believes that most stores should be buying back jewelry as well as selling jewelry especially since the amount of jewelry being sold back to jewelers will likely hit record rates in the coming years.

One of the big questions about the diamond market is whether prices are being raised by those who are speculating or investing. Before the JCK Show, Rapaport raised his pricing index 25%, a fact which didn't sit well with those hoping to do major business during the show. Rapaport defended his decision saying it was a correction based on a steady supplier price raising. Facing increasing hostility from the audience he stated frankly that he couldn't give a damn about suppliers or buyers, it's his job to watch the prices people are getting for diamonds and reflect what is out there. Rapaport says the non-mining profit in the diamond business comes from finding the right buyer for the right diamond at the right price and that he is advocating for free, fair, open, competitive markets. This information didn't sit well with those in the audience who feared that their buying power had been dropped by one quarter based on Rapaport's guidance.

Rapaport urged the jewelry retailers in the audience to remember that "diamond dream" what is being sold is the idea behind the jewelry, the emotional power behind the diamond remains, the real business for jewelers is to believe in what diamonds mean to people not just the romance angle but also the sense of the diamond as a global industry, it can do good for the people involved. In fact, Rapaport says that jewelry stores have a responsibility to make sure the diamond industry does well, because the industry also supports the diggers in other countries. It can be a tool for good. His own passion for finding ways to make sure the diamond industry is a benefit to diggers in Sierra Leone and other places has led him to be a leader in the fair trade jewelry movement. I'll be reporting in-depth on the fair trade jewelry conference which he moderated later this week.

Diamond Prices Predicted to Fall Modestly in June 2008

Great news for consumers looking to buy diamond wedding rings and diamond wedding bands.

You've likely never heard of Martin Rapaport but to the diamond world he's famous. Rapaport is to diamonds what Robert Parker is to wine, a person of tremendous influence. He runs Diamonds.Net and his Rapaport Index defines diamond pricing for the world. On Monday, Rapaport spoke to the packed room at the JCK jewelry show in Las Vegas delivering his pronouncements on the diamond market at an annual breakfast event. Right now, the diamond industry is facing similar challenges seen by the rest of the luxury market. Rapaport feels that the current economic climate offers both opportunity and pitfalls for those in the diamond business.

The news is conflicting, larger stones have been getting higher and higher prices and the huge wealth in China, Dubai, India and Russia is creating a hunger for luxury goods and diamonds and diamond jewelry specifically. This is also a time when the plummeting real estate market in the U.S. and Europe means that the Western world, which fueled the global prosperity in the beginning, is now cutting back on spending. Independent stores and small chains are having a tough time and the news is full of stories of stores having bankruptcy sales where goods are being sold off at below cost. This means that diamond prices are coming down worldwide and the best prices on diamond wedding bands are at designbands.com.

As of 2007, the U.S. still made up the bulk of diamond jewelry sales, clocking in at 43%. China brought in 8.5%, Europe did 11% and the Middle East was responsible for 4.6%. Until recently, the U.S. had been on a path of prolonged economic growth and our prosperity fueled the global economy expanding the middle class in India and Africa. Small jewelers in the U.S. are now competing with a global market. As I've heard mentioned at other conferences such as the Luxury Summit, the number of millionaires and billionaires is growing worldwide. This might be one reason why the price of big stones is going up far faster than the prices for smaller stones, especially those under a carat.

For jewelry sellers, as I heard in other sessions at this show, branding is more important than ever, especially to new luxury spending markets. Rapaport cautioned though that branding is a "trojan horse" for the retailers. First the retailers convince their customers which brand to buy and then the seller of the brand raises that price. Many stores are worried about the new DeBeers Forevermark, a branded diamond sold by DeBeers. Now the considerable advertising budget of DeBeers will be aimed at marketing that diamond which will be sold at premium price. Rapaport's answer to those competing against this new stone? Hang a sign in your window advertising that you are selling for diamonds for 10% less than Forevermark.
Overall, Rapaport is bullish about the future of diamonds. His data shows that over time global demand for diamonds will outpace supply by an increasing margin. He made the analogy that just as a forest fire is a way of the forest ecosystem, righting itself for greater growth, the current economic climate will eventually be good for the diamond market as a whole and will benefit the smaller jeweler if they realize that flexibility is power. Just as I heard Nick Failla say about gold at an earlier session, Rapaport too believes that most stores should be buying back jewelry as well as selling jewelry especially since the amount of jewelry being sold back to jewelers will likely hit record rates in the coming years.

One of the big questions about the diamond market is whether prices are being raised by those who are speculating or investing. Before the JCK Show, Rapaport raised his pricing index 25%, a fact which didn't sit well with those hoping to do major business during the show. Rapaport defended his decision saying it was a correction based on a steady supplier price raising. Facing increasing hostility from the audience he stated frankly that he couldn't give a damn about suppliers or buyers, it's his job to watch the prices people are getting for diamonds and reflect what is out there. Rapaport says the non-mining profit in the diamond business comes from finding the right buyer for the right diamond at the right price and that he is advocating for free, fair, open, competitive markets. This information didn't sit well with those in the audience who feared that their buying power had been dropped by one quarter based on Rapaport's guidance.

Rapaport urged the jewelry retailers in the audience to remember that "diamond dream" what is being sold is the idea behind the jewelry, the emotional power behind the diamond remains, the real business for jewelers is to believe in what diamonds mean to people not just the romance angle but also the sense of the diamond as a global industry, it can do good for the people involved. In fact, Rapaport says that jewelry stores have a responsibility to make sure the diamond industry does well, because the industry also supports the diggers in other countries. It can be a tool for good. His own passion for finding ways to make sure the diamond industry is a benefit to diggers in Sierra Leone and other places has led him to be a leader in the fair trade jewelry movement. I'll be reporting in-depth on the fair trade jewelry conference which he moderated later this week.

Diamond Prices Predicted to Fall Modestly in June 2008

Great news for consumers looking to buy diamond wedding rings and diamond wedding bands.

You've likely never heard of Martin Rapaport but to the diamond world he's famous. Rapaport is to diamonds what Robert Parker is to wine, a person of tremendous influence. He runs Diamonds.Net and his Rapaport Index defines diamond pricing for the world. On Monday, Rapaport spoke to the packed room at the JCK jewelry show in Las Vegas delivering his pronouncements on the diamond market at an annual breakfast event. Right now, the diamond industry is facing similar challenges seen by the rest of the luxury market. Rapaport feels that the current economic climate offers both opportunity and pitfalls for those in the diamond business.

The news is conflicting, larger stones have been getting higher and higher prices and the huge wealth in China, Dubai, India and Russia is creating a hunger for luxury goods and diamonds and diamond jewelry specifically. This is also a time when the plummeting real estate market in the U.S. and Europe means that the Western world, which fueled the global prosperity in the beginning, is now cutting back on spending. Independent stores and small chains are having a tough time and the news is full of stories of stores having bankruptcy sales where goods are being sold off at below cost. This means that diamond prices are coming down worldwide and the best prices on diamond wedding bands are at designbands.com.

As of 2007, the U.S. still made up the bulk of diamond jewelry sales, clocking in at 43%. China brought in 8.5%, Europe did 11% and the Middle East was responsible for 4.6%. Until recently, the U.S. had been on a path of prolonged economic growth and our prosperity fueled the global economy expanding the middle class in India and Africa. Small jewelers in the U.S. are now competing with a global market. As I've heard mentioned at other conferences such as the Luxury Summit, the number of millionaires and billionaires is growing worldwide. This might be one reason why the price of big stones is going up far faster than the prices for smaller stones, especially those under a carat.

For jewelry sellers, as I heard in other sessions at this show, branding is more important than ever, especially to new luxury spending markets. Rapaport cautioned though that branding is a "trojan horse" for the retailers. First the retailers convince their customers which brand to buy and then the seller of the brand raises that price. Many stores are worried about the new DeBeers Forevermark, a branded diamond sold by DeBeers. Now the considerable advertising budget of DeBeers will be aimed at marketing that diamond which will be sold at premium price. Rapaport's answer to those competing against this new stone? Hang a sign in your window advertising that you are selling for diamonds for 10% less than Forevermark.
Overall, Rapaport is bullish about the future of diamonds. His data shows that over time global demand for diamonds will outpace supply by an increasing margin. He made the analogy that just as a forest fire is a way of the forest ecosystem, righting itself for greater growth, the current economic climate will eventually be good for the diamond market as a whole and will benefit the smaller jeweler if they realize that flexibility is power. Just as I heard Nick Failla say about gold at an earlier session, Rapaport too believes that most stores should be buying back jewelry as well as selling jewelry especially since the amount of jewelry being sold back to jewelers will likely hit record rates in the coming years.

One of the big questions about the diamond market is whether prices are being raised by those who are speculating or investing. Before the JCK Show, Rapaport raised his pricing index 25%, a fact which didn't sit well with those hoping to do major business during the show. Rapaport defended his decision saying it was a correction based on a steady supplier price raising. Facing increasing hostility from the audience he stated frankly that he couldn't give a damn about suppliers or buyers, it's his job to watch the prices people are getting for diamonds and reflect what is out there. Rapaport says the non-mining profit in the diamond business comes from finding the right buyer for the right diamond at the right price and that he is advocating for free, fair, open, competitive markets. This information didn't sit well with those in the audience who feared that their buying power had been dropped by one quarter based on Rapaport's guidance.

Rapaport urged the jewelry retailers in the audience to remember that "diamond dream" what is being sold is the idea behind the jewelry, the emotional power behind the diamond remains, the real business for jewelers is to believe in what diamonds mean to people not just the romance angle but also the sense of the diamond as a global industry, it can do good for the people involved. In fact, Rapaport says that jewelry stores have a responsibility to make sure the diamond industry does well, because the industry also supports the diggers in other countries. It can be a tool for good. His own passion for finding ways to make sure the diamond industry is a benefit to diggers in Sierra Leone and other places has led him to be a leader in the fair trade jewelry movement. I'll be reporting in-depth on the fair trade jewelry conference which he moderated later this week.