The IDEX Online Polished Price Report for April 17

A great deal of activity in round diamonds again this week with many rises, according to the weekly IDEX Online Price Report.

Fancy shape items again posted low levels of activity with most being negative.

The following are some of the changes in this week's IDEX Online Diamond Price Report.

Rounds

  • 0.18-0.22 cts several decreases

  • 0.23-0.29 cts J-K / IF rises of 2-3%

  • 0.30-0.39 cts many increases in most colors and clarities

  • 0.40-0.44 cts many rises in lower colors and clarities

  • 0.45-0.49 cts D / SI3-I3 rises of 2-4%

  • 0.50-0.69 cts I-L / SI2-I1 rises of 2-4%

  • 0.70-0.79 cts K / IF-VVS1 rises of 2-4%

  • 0.80-0.89 cts unchanged

  • 0.90-0.99 cts I / IF +3.1% to $6,600p/c

  • 1.00-1.24 cts just two changes, both upwards

  • 1.25-1.49 cts M / SI1 +3.3% to $3,100p/c

  • 2 cts N / VS2 +2.2% to $4,600p/c

  • 3 cts D-E / SI1 rises of around 3%

  • 4 cts I / VS1 +2.8% to $21,800p/c

  • 5 cts G-J / IF declines of up to 2.5%



Fancy Cuts

 

  • 0.18-0.22 cts unchanged

  • 0.23-0.29 cts no changes

  • 0.30-0.39 cts E-F / SI2 rises of 3-4%

  • 0.40-0.44 cts unchanged

  • 0.45-0.49 cts no changes

  • 0.50-0.69 cts two changes, one up, one down

  • 0.70-0.79 cts I / I1-I2 declines of 3-4%

  • 0.80-0.89 cts just two changes, one up and one down

  • 0.90-0.99 cts D / VS2 +3.6 to $5,800p/c

  • 1.00-1.24 cts unchanged

  • 1.50-1.99 cts no changes

  • 2 cts I / IF +3.1 to $10,000p/c

  • 3 cts L-M / IF-VVS1 rises of 1-4%

  • 4 cts E / SI2 +2.9 to $14,200p/c

  • 5 cts L / SI1 + 2.9% to $7,000p/c

To receive a full free copy of the IDEX Online Diamond Price Report, please email prices@idexonline.com.

Edahn Golan is Editor-in-Chief of IDEX Online, heading an international team of writers that covers global industry related events and issues. He writes about rough and polished diamond prices, publishes industry analysis articles and a popular weekly opinion column. In recent years, Edahn has advised a number of leading diamond firms, industry bodies and governmental agencies. He writes research papers on topics ranging from provenance analysis of fancy color diamonds to diamond's contribution to local economies, often contributing or writing the diamond chapters for leading research organizations such as KPMG and Bain & Co.

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Diplomats from 9 Countries Attend SRK 50th Anniversary

Shree Ramkrishna Exports has celebrated 50 years of its Founder Mr. Govind Dholakia’s Journey into Diamond Industry.

The event included all associates of Shree Ramkrishna Exports across the globe, together with many other dignitaries from various fields.

The Eminent celebration was surcharged by the presence of 18 Diplomats from nine countries Mr. Alexey Novikov (Russia), Mr. Sergey Kolesnikov (Russia), Mr. & Mrs. Pule Malefane (South Africa), Mr. Philip Mtsweni (South Africa), Mr. France Morule (South Africa), Mr. Richard Bale (Canada), Mr Adul Chotisinakorn (Thailand), Mr. & Mrs. Nat Pinyowattanacheep (Thailand), Mr. Soonthorn Chaiyindeepum (Thailand), Mr. Praphan Samphaiworakit (Thailand), Mr. & Mrs. Pius Dunaiski (Namibia), Mr. Julian Dunaiski (Namibia), Mr. Van Kleunen Eduard (Belgium), Dr. Perks Ligoya (Malawi), Mr. Bothata Tsikoane (Lesotho).

Mr. Boman Irani the most versatile actor from Bollywood hosted the event, which included a series of short talks and discussions focusing on the past history and future generation.

Entertainment was also the part of the show. Javed Akhtar, the veteran writer, poet and lyricist, conveyed the wishes to Mr. Govind Dholakia in the form of a splendid poem.

Covering the life long journey and achievements of Mr. Govind Dholakia, The Book “Nothing to Everything – A Divine Journey” was launched at the event by Industry’s prominent leaders.

Mr. Govind Dholakia in his speech to more than 1,500 attendees at the Night of ‘Celebrating the Legend’ acknowledged the contribution of 7,000 Associates across the globe that is the engine of SRK and contributed immensely towards reaching the 50-year milestone.

Addressing old partners - Mr. Bhagwanji Patel (Bhargovi) and Late Mr. Virji Godhani (Godhani Gems) -- he added,“without my brother like partners, reaching this astonishing milestone would not be possible.”

Mr. Navin Mehta and Mr. Shanti Mehta shared their experiences and relationships with Govind Dholakia’s, calling him “immensely modest, soft-spoken, very well mannered, unassuming and is true example of ‘simple living and high thinking’. Mr. Dholakia has a simplicity and humility which instantly endears him to all who come into contact with him. His social dialogues break conventional barriers and build bridges of new human relations in a pluralistic society.”

Talking about rich heritage of SRK, Mr. Shreyans Dholakia introduced the future generation and said ultimately the value of our wisdom of what matters to us rests in the hands of Coming Generation.

Talking about his father’s philosophy and believes that “a person is a worker if he work with head & Hand, but an artist if he works with Head, Hand & Hearts.” Today we as a current generation accept his philosophy with both hands, and would remember in head forever and also inculcate in coming generation and with all warm greetings from the heart we thank you all for being part of SRK Success.

Mr. Govind Dholakia’s milestones journey was marked by Next generation of the company presenting him with a Rolls Royce Phantom, as an expression of gratitude from descendents, which symbolizes his simplicity and status.

The Comprehensive report prepared by Indian institute of Management (IIM-A) on SRK Corporate Social Responsibility was presented to Mr. Govind Dholakia because of his expertise to solve some of the most pressing societal issues, to make social impact, to create model institutions and inspire others. The Study will constitute as a Part of IIM-A syllabus.

On the auspicious occasion, Mr. Govind Dholakia announced his plan to set-up SRK Knowledge Foundation as a tribute to Surat city. The Foundation will be the first and only of its kind in the world, imparting diamond education with tradition at its core.

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Gemvision Design Symposium Reports Increased Attendance

Following the conclusion of their 8th Design Symposium, Gemvision reported an increase in attendee excitement and enthusiasm.

The symposium featured two full days of focused beginner, intermediate and advanced level training covering a range of topics including Matrix, CounterSketch Studio, Computer Aided Manufacturing (CAM) and Marketing. As an added bonus, the symposium attendees received a pre-release version of Matrix 8.

“This event is a great way for jewelers to connect with and learn from premier industry professionals and Gemvision experts,” says Gemvision founder, Jeff High. “We always learn something new about how customers are using our products to enhance their businesses. Essentially, they help shape the direction for our future endeavors.”

Gemvision also announced the winners of their annual Matrix Design Contest during the symposium’s awards dinner. This contest features the work of some of the best CAD designers worldwide. Categories included: Best Render, Overall Design, Technical Merit and Student. A CounterSketch Studio category was also added this year. Congratulations to the top winners:

  • Best In Show – Shinya Takahashi, Green Lake Jewelry Works
  • Best Render, 1st place – Ilah Cibis, Precious Metals Sudbury
  • Overall Design, 1st place – Brendan Theilman, Out of the Box Gold Store
  • Technical Merit, 1st place – Chris Ritchie, Chris Ritchie Creations
  • CounterSketch Studio, 1st place – Candice Todd, Warren Jewellers

“This contest emphasizes the very high-level skill set of so many talented jewelers worldwide,” continues High. “We had over 300 entries this year, so it’s always difficult to select the winners.”

To see more of the winners from the Gemvision Design Symposium, please visit www.gemvision.com.

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Prime Jewelry Group Heads for Key Biscayne

The Prime Jewelry Group has selected The Ritz-Carlton Key Biscayne for the August 24-25 edition of its annual, invitation-only buying event.

Renowned for its relationship-building opportunities, the exclusive event brings a select group of high quality, independent jewelers from around the country together with the industry's leading manufacturers in a luxurious, relaxed setting ideal for previewing new designs and forging lasting business friendships.

"Solid business partnerships between vendors and retailers are more important than ever -and in today's time-strapped business climate, more challenging than ever to develop," explains John Preziose, president, Prime Jewelry Group.

"Designed to offer an 'experience' rather than a traditional trade show atmosphere, Prime offers a cultivated product selection that matches attending jewelers' needs, giving everyone time for extended appointments, quality face-to-face meetings and fabulous social networking events. And, the Ritz-Carlton Key Biscayne provides the perfect setting to bring it all together."

Nestled in Miami's Key Biscayne, the Ritz-Carlton is the only South Florida location to claim a spot on the coveted "Americas' Best Beaches" list. Between buying appointments and Prime events, attendees can enjoy all this luxurious beach resort has to offer, including a Mobil 4-star luxury spa and salon, outdoor heated beachfront swimming pools, the largest tennis center of any Ritz-Carlton, easy access to South Beach, downtown Miami, the airport and more.

"Prime is so relaxed," says Jacques Sollberger, Sollberger Watches, Clocks & Jewelry, Ridgeland MS. "It's almost like a vacation."

On the product front, attendees will have the chance to explore a well-rounded selection from Prime Group Members, including the best-selling, highest quality lines in the business. Unlike a traditional trade show set in an expansive exhibit hall, this well-edited selection brings together a streamlined, custom-tailored assortment of fresh designs in every key category.

Prime will kick off its 13th anniversary edition with a welcome cocktail reception on Saturday evening, August 23 at the Ritz-Carlton, where attendees can enjoy cocktails and hors d'oeuvres while watching a beautiful beach sunset. Daily continental breakfast, gourmet lunch buffet and afternoon break-out sessions, as well as other evening functions and events, offer additional opportunities to mix business with pleasure.

"This is my favorite show in the whole world," says Debra Smith Doetterl, Smith Jewelers, Houston TX. "I feel like a queen."

Only a select group of retailers are invited to participate in Prime. Invitation packages, based on levels of purchase commitments with vendors, include additional benefits ranging from complimentary round trip airfare and deluxe hotel accommodations to entrée to all evening functions and gourmet meals, to single day passes.

In addition, retailers can take advantage of the special Prime group rate to extend their stay either before or after the 2014 event. What's more, these retailers can also earn additional nights at the host hotel for the 2015 Prime event based on orders placed during the 2014 edition.

To learn more about Prime and to see if they qualify for an invitation, jewelers can visit www.primejewelrygroup.com, call 800.241.0399.

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Chelsea Taylor Teams with Jewelry Television

Chelsea Taylor Jewelry is collaborating with Jewelry Television to launch a proprietary jewelry collection in June.

Chelsea Taylor and JTV will combine their expertise within the jewelry and fashion industry to deliver a unique, fashion-forward jewelry collection, which will be available through the broadcast network and on JTV.com.

The Chelsea Taylor collection will be featured as one of the retailer’s premier proprietary designer collections.

“We’re known for delivering one-of-kind, on-trend jewelry collections that consumers can’t get anywhere else,” said Jill Johnson, vp of marketing with JTV. “Our partnership with Chelsea Taylor is another exciting venture in our quest to deliver value and style to women who love jewelry.”

Chelsea Taylor Founder, Drew Shapiro, is a prolific jewelry designer known for his craftsmanship in sterling silver. With more than 20 years of experience, his designs are driven by a love of captivating colors and the use of crystals.

“I love to create beautiful pieces that are unusual and uplifting,” said Shapiro. “It’s very exciting to be able to deliver this collection to a whole new audience.”

“Since JTV is the largest retailers of colored gemstones in the world, Shapiro’s obsession with color is a good fit for our brand,” said Johnson.

For information, see jtv.com.

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