Avoid The 20 Common Diamond Scams


All my posts on current events and trends in the diamond industry

Should You Disclose That a Diamond’s a Trade-In?

By |May 8th, 2014|Categories: Diamond News|

We have heard a lot lately about recycled diamonds. At an informative discussion on trade-ins last week at the American Gem Society Conclave (ably summarized here), a retailer raised a loaded question: Must a jeweler [...]

The Industry’s Past vs. Its Future

By |May 8th, 2014|Categories: Diamond News|

At the recent American Gem Society Conclave, speaker Peter Sheahan gave an excellent presentation about how all industries are dealing with rapid change. "Don't build your future on the beliefs of the past," he exhorted. [...]

The Conflict Minerals Rule May Be Unconstitutional, But It’s Going Ahead Anyway

By |April 28th, 2014|Categories: Diamond News|

Last week, a federal appeals court ruled that one section of the Securities and Exchange Commission's conflict mineral rule, its response to Sect. 1502 of the Dodd-Frank financial reform law, was unconstitutional. At issue was [...]

Why Industry Leaders Shouldn’t Brag About Zimbabwe Diamonds

By |April 28th, 2014|Categories: Diamond News|

At a diamond meeting a few years back, a group was taking a picture that included a controversial Zimbabwe minister. At least one participant stayed out. “I don't want to be in a picture with [...]

How the South African Mining Minister Has Been a Pretty Bad Friend

By |April 28th, 2014|Categories: Diamond News|

After the United States didn't block the resumption of Marange exports under the Kimberley Process in 2011, it was desperate to have something to show for an outcome it was clearly not happy about. So [...]

How Do You Solve a Problem Like Marange?

By |April 28th, 2014|Categories: Diamond Mines, Diamond News|

Some further thoughts stemming from last week's post on Antwerp and Zimbabwe: Whatever you feel about Antwerp World Diamond Centre CEO Ari Epstein's remarks last week to the Zimbabwe Parliament, he did have a point. [...]

The 5 New Sightholders

By |April 28th, 2014|Categories: Diamond News|

Yesterday De Beers announced five new sightholders. For reasons that have been repeatedly explained to me—but I'm still not sure make sense—it announced it had added companies, but did not reveal their names. However, we [...]

Luxury Shoppers in Sweat Pants

By |April 19th, 2014|Categories: Diamond News|

It's one of the oldest clichés: Don't judge a book by its cover. And yet, that is especially tricky in this industry, which is devoted to providing a nicer cover for a customer's book. In [...]

Are Synthetic Diamonds a Threat to the Natural Industry?

By |April 18th, 2014|Categories: Diamond News, Diamond Technology|

Last week, Israel Diamond Exchange unveiled a new slogan: “Natural is real.” The slogan is a clever play on the word Israel, and a less-clever poke in the eye to lab-grown diamond producers, who do, [...]

Meet Bluedax, the RapNet for Rough

By |April 14th, 2014|Categories: Diamond Mines, Diamond News, Diamond Technology|

There's a lot of talk about whether rough should be traded in Antwerp or Dubai. But in the last year, a new market has emerged that could prove equally significant­—online. After 35 years as a [...]

Supplier of Choice, RIP

By |April 14th, 2014|Categories: Diamond Mines, Diamond News|

You may remember Supplier of Choice. It was the De Beers policy designed to set the industry up for the post-cartel world. It billed itself as transparent, open, and objective. No longer would the Diamond [...]

De Beers Entering Synthetic Diamond Market?

By |April 7th, 2014|Categories: Diamond News, Diamond Technology|

Promoters of synthetic diamonds often argue that if all diamonds are grown in a lab, it would eliminate blood diamonds. The problem with that logic, which is recognized by most NGOs active on this issue, [...]

Modest Proposal: Hearts On Fire and Forevermark Should Merge

By |April 5th, 2014|Categories: Diamond News|

Last week came word that a document is being circulated trying to raise money for Hearts On Fire, suggesting the company is seeking new investors. According to spokeswoman Angie Kielt: “Hearts On Fire is not [...]

Swiss Manufacturers Should Be Scared of Smartwatches.

By |March 28th, 2014|Categories: Diamond News, Jewelry News|

With Baselworld here, various news sources have asked watchmakers their opinions of smartwatches. The answers are mostly the same. Here's The New York Times, quoting Swatch CEO Nick Hayek: [Smartwatches] raise several problems compared with [...]

The New Job Title: Proposal Planner

By |March 25th, 2014|Categories: Diamond News|

Yesterday, I talked about how modern consumers desire more individuality in their engagements and weddings. A good illustration of this is the small but growing number of people whose job involves coaching future grooms how [...]

The Extent of the Industry’s Shrinkage

By |March 25th, 2014|Categories: Diamond News, Jewelry News|

So the theme of the week has been industry consolidation, given the JBT's year-end stats and Signet's pending purchase of Zale. Yesterday, as an experiment, I looked up National Jeweler's 2003 list of Top 40 [...]

The Falling Marriage Rate and Our Industry

By |March 24th, 2014|Categories: Diamond News|

On a recent episode of Parks and Recreation, the characters played by Rob Lowe and Rashida Jones—whose character is pregnant—decide to get engaged. They stop by a jewelry store to get a ring. However, once [...]

Why the Diamond Business Keeps Getting Slammed

By |March 24th, 2014|Categories: Diamond News|

I have heard it said that if you really want to distrust the mass media, read articles on a subject you know a lot about. And so it is with diamonds. Every six months or [...]

The New Landscape Following the Signet-Zale Merger

By |March 24th, 2014|Categories: Diamond News, Jewelry News|

Some thoughts about where the jewelry business stands now that Signet and Zale are tying the knot: It could be harder for competitors to get their names out. Every Christmas and Valentine's Day, Signet runs [...]

Why the Pink Star Sale Was Canceled

By |March 22nd, 2014|Categories: Diamond News, Famous Diamonds|

Two weeks ago, it was announced that the record-setting November sale of the 59.6 ct. Pink Star, which dealer Isaac Wolf bought from Sotheby's for $83.1 million on behalf of more Source: JCK Online [...]



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