BDI NEWSLETTER – NOVEMBER 2017
We bring you the round-up of latest news, events, trends and developments in the diamond and jewelry industry
Diamond Industry
1. Largest diamond bourse’s construction begins at Surat
With a 6.6 million sq. ft. space, Surat Diamond Bourse (SDB) is all set to change India’s diamond trading scenario in the coming 3 years. An Ahmedabad-based construction company PSP Projects Pvt. Ltd. has been awarded the project. It is scheduled to be built over 30 months and will be a part of Surat Dream City, a 2,000 acre project. SDB would have 11 iconic towers of 11 floors each and will house more than 4,500 offices of diamond units. Read more…
2. Diamond exports go down globally
Global diamond exports seem to have declined in lot of countries. Polished diamonds in Belgium saw a 4% YoY dip in exports in September. Rough diamond exports also saw a decline in Israel and Botswana. Demand from Hong Kong and US, biggest markets for both Belgium and Israel was low for the first three quarters of 2017. However, sale in ethical diamonds have increased. Though the global exports are declining, the value for diamonds would continue to grow and demand increase till authenticity is proved. Read more…
Lab-grown Diamonds
3. M. Geller launches its first Lab-grown diamond jewelry line
Sustainability, Tech-advancement and new-age narrative of Lab-grown diamonds has attracted many jewelers in past one year. With its new collection ‘New Dawn’, M. Geller has stepped into the Lab-grown diamond industry. The collection is themed on bridal jewelry. Adding to the list, a new Lab-grown diamond company – Bare Diamonds was launched by former Chief Operating Officer (CEO) of Smyth jewelers – Mark Motes. Set to debut in fall of 2017 in North America, Bare Diamonds would feature initially IGI-certified high-quality round, ideal and triple excellent cuts. Read more…
4. Atelier Swarovski’s love for Lab-grown diamonds
Swarovski introduced Lab-grown diamonds for the first time in 2016 under the brand ‘Diama’. With this year’s Academy Awards, it launched another line of Lab-grown diamond at the event’s red carpet event. The 23 pieces that are part of the line were showcased in May, during the Cannes Film Festival and are based on three themes – Mosaic, Art Deco and Concentric. Owing to the innovation rooted in Atelier Swarovski, Nadja Swarovski, owner was driven to adopt Lab-grown diamonds that represents the spirit of exploration. Read more…
5. Discover the irresistible pull of ALTR Created Diamonds this holiday season
ALTR Created Diamonds with a retail network with over 250 premium jewelers, has come up with its Shine Brighter Campaign. It is offering engagement rings and other jewelry that feature larger carat diamonds of high quality in variety of settings. Amish Shah, founder of ALTR Created Diamonds, believes that the ALTR’s commitment towards high standards of integrity has captured imagination of modern consumers. Read more…
6. Pure Grown Diamonds launches first-ever bridal jewelry collection
Pure Grown Diamonds (PGD) has been the pioneer and largest selling Lab-grown diamond brand in United States. It recently announced their first bridal collection in collaboration with over 300 retail stores in US. Allen Easterling, Chief Sales Officer at Jensen Jeweler one of the retailers of PGD appreciates the jewelry and terms it as an excellent partner and addition to Jensen Jeweler. Read more…
