Tuesday 30 June 2015

Quote of the day 30th June 2015

"We have a very specific aim of protecting the integrity of the industry and upholding consumer confidence. We have zero tolerance for illegal and fraudulent actions."

Ernie Blom, president, WFDB

Quote of the day 30th June 2015

“Gold wants to be lower, but it hasn’t been lower because of what’s happened (in Greece).’’ 

Simon Weeks, Head -Precious Metals, Bank of Nova Scotia

Gold climbs as fears over Greece knock stocks, euro

Gold rose on Monday as growing fears over the prospect of a Greek debt default battered European shares and weighed on the euro, but it failed to maintain early sharp gains as investors remained wary of its longer-term outlook. European shares tumbled more than 2 per cent and the single currency slid as Greeks woke up to shuttered banks, closed cash machines and a climate of rumours on Monday after talks between Athens and its creditors broke down. - Read more

Industry tackles diamond over-grading head-on

Three international diamond industry bodies have jointly introduced a policy designed to tackle over-grading concerns and restore consumer confidence.The World Federation of Diamond Bourses (WFDB), CIBJO (the World Jewellery Confederation) and the International Diamond Manufacturers Association (IDMA) have issued a statement to members outlining a new procedure that would be undertaken in the event of a diamond grade being questioned. - Read more

SGL Conclave on CVD Diamonds held at sidelines of GJF PMI Goa

Solitaire Gem Labs (SGL) was the preferred laboratory partner at the Preferred Manufacturers of India (PMI) meet in Goa held by All India Gems & Jewellery Trade Federation (GJF).

The conclave on Synthetic Diamonds was conducted by  Chirag Soni, SGL Director and Christopher MacDona
ld, who heads the SGL London operations. - Read more