GemFind Newsletter 11-17-2015

Antwerp Traders Get Jail Time for Bribing Diamond Grader

Rob Bates            JCK          Nov. 16

Four Antwerp diamond traders have been sentenced to stiff jail time for bribing a grader at the HRD lab, according to a statement from lab owner Antwerp World Diamond Centre. The grader also received a jail sentence.  No names or further details of the sentences were released or available at press time.

Lab-grown Diamond Producer Scio’s 2Q Revenue Doubles, Net Loss Widens 8%

Diamonds.net                 Nov. 17

Lab-grown diamond producer Scio Diamond Technology Corporation reported sales more than doubled in the second quarter following an increase in the production of single-crystal colorless stones. In the six months to September, revenue rose about two-fold to $408.5 million, while the net loss was cut 4 percent to $1.7 million, according to the statement.

3 Major Necklaces to Start the Week With a Bang

Brittany Siminitz       JCK      Nov. 16

The phrase “go big or go home” really resonates with me. Take, for example, statement necklaces. I’m not big on the bib necklaces that we tend to see a lot of in retail, particularly at the affordable fashion spots such as BaubleBar. My style lends itself much more to petite pendants, thin chains, and delicate looks (with the occasional long pendant or tassel thrown in).But if I’m going to do a statement, it had better be a major one. And I mean major.

Leibish Wins 26 Argyle Pink Diamonds As Overall Results Appear Lackluster

Anthony Demarco       Jewelry News Network    Nov. 16

Rio Tinto owner of Australia’s Argyle Mine is always tight-lipped when it comes to the results of its annual tender of rare pink and red diamonds. But their public statements are always upbeat. Not so much this year. About 90 percent of the entire world supply of rare pink and red diamonds comes from the Argyle diamond mine in the remote east Kimberley region of Western Australia.