NEWS
Todd Wolleman Re-elected as Chairman of JBT
New York: The Jewelers Board of Trade (JBT)
has re-elected Todd Wolleman as chairman for another year, the industry
organization said.
CIBJO Congress in Bangkok in Nov 2017
Milan: CIBJO, the World Jewellery
Confederation, will hold its 2017 annual congress in Bangkok, Thailand,
November 5-7, 2016, with pre-congress meetings beginning on November 2. The
World Ruby Forum, which is being organised in conjunction with the congress,
will take place November 4.
IDE to Appoint Judge to Rule Large Arbitration Cases
Ramat Gan: In a significant departure from
its 80-year tradition, the Israel Diamond Exchange (IDE) has announced that its
hallowed Arbitration Institution will now be headed by a retired District Court
judge, instead of a fellow bourse member. Financial disputes between members
totaling $400,000 and above as well as appeals on smaller disputes will be
brought before the higher level of the Arbitration unit that will now be headed
by a judge, while disputes up to that amount will continue to be arbitrated at
the lower level by longstanding IDE members.
Diamond Market Improves After Slow Q1
New York: The diamond market showed
improvements in March after Chinese demand at the Hong Kong exhibition was
better than expected.
Christie's Geneva Takes Magnificent Jewels on Tour
Geneva: Christie’s upcoming auction of
Magnificent Jewels will take place on May 17 at the Four Seasons Hotel des
Bergues. Consisting of approximately 250 exceptional jewels, it will include a
thematic section comprising 30 exceptional pieces from Italian makers,
important gem stones, coloured diamonds and signed jewels.
Vladivostok to be Developed as Diamond Center
Moscow: The free port of Vladivostok will develop as a diamond center, Sergey Ivanov, President of ALROSA told TASS following a working meeting with the leadership of the Republic of Sakha (Yakutia) in its capital, the City of Yakutsk.
DiamondCorp Retrenches Employees as Talks Fail
Toronto: DiamondCorp announced sweeping
retrenchments on Monday, saying talks with its lender and a mining union had
failed to end in an agreement.
CIBJO President Meets Fisheries Minister Of Fiji
Milan: CIBJO President Gaetano Cavalieri
has met in Kong Kong with Semi Koroilavesau, the Minister of Fisheries of the
Republic of Fiji, and during the meeting pledged the World Jewellery Confederation's
support for the South Pacific nation's effort to develop its pearl industry as
a standard bearer for environmental and social responsibility.
London Diamond Bourse Appoints Ethical Issues Advisor
London: The London Diamond Bourse (LDB) has
appointed Katherine Chappell as its Special Advisor for Ethical Issues to its
Council of Management.
Dominion Sees More Life in Diavik Mine
Toronto: Dominion Diamond Corporation has
extended the life span of its jointly owned Diavik mine by two years and hiked
its estimate of the project’s future production.