Solitaire International - July 2018
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July 2018 issue Digital Access. 
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In this issue
The Way Ahead The many jewellery shows held in Las Vegas in June evoked mixed reviews. While the high-end Couture show received a thumbs-up from many exhibitors, sentiments were not so upbeat at JCK and AGTA GemFair. Read the full report on Las Vegas by Cynthia Unninayar in the Cover Story. The JCK State of the Jewelry Industry Report released at the fair was a key indicator of the health of the industry in America. More than 500 respondents, including retailers and manufacturers took part in the survey, which revealed that they are optimistic about the next 12 months. The main challenges the respondents outlined were: online competition, overall economic climate, lack of consumer demand, and lack of millennial demand. Interestingly, almost a fifth of the retailers in the JCK survey said that lab-grown diamonds were now part of their product mix. Although synthetic diamonds may be growing in popularity in the US, this, however, does not diminish the halo around natural diamonds. Another survey of 2,000 respondents released by the Diamond Producers Association (DPA) and The Harris Poll stated unequivocally that a clear majority of Americans recognise that diamonds created in a factory are not ‘real’ diamonds. DPA CEO Jean-Marc Lieberherr said: “These results are important, and confirm what our consumers tell us: ‘Real Matters’—a perspective shared across generations and one that cannot be replicated in a matter of weeks.” Lightweight prêt wear diamond-studded jewellery is a growing trend in the Indian jewellery market. The prospects of this category growing exponentially are very good, especially since jewellers are now focusing on designs that appeal to the younger generation. Read the opinions of top Indian jewellery retailers in Retail View.
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VOD Dubai International Jewellery Show: The Middle East's Mega Event
VOD Dubai International Jewellery Show made its successful debut as an industry-wide mega jewellery event in the Middle East. It is a consolidation of the trade-centric Vicenzaoro Dubai and the consumer-oriented Dubai International Jewellery Week. The November event was an all-encompassing experience with networking sessions, knowledge-sharing seminars and fashion shows.
GJEPC Welcomes King Philippe Of Belgium
The Gem & Jewellery Export Promotion Council (GJEPC) and the Antwerp World Diamond Centre (AWDC) hosted His Majesty King Philippe of Belgium at a round-table discussion in Mumbai on November 9th. The talks revolved around the contributions of the diamond industry to social and economic development.
Fura Gems To Focus On Undervalued Mines:Dev Shetty
DEV SHETTY, president and CEO of Fura Gems Inc., an up-and-coming gemstone mining firm that recently acquired the famed Coscuez emerald mine in Colombia, speaks to SOLITAIRE about plans for deploying modern technology to ramp up production. Fura Gems aims to set a new precedent for best practices in the gemstone sector as it goes about acquiring other undervalued assets.
A Tale Of Four Taxes
Industry analyst PRANAY NARVEKAR examines the direct and indirect tax structures in place in the four major midstream centres – Belgium, Israel, Dubai and India.
CIBJO Proposes KP-type Structure For Coloured Gemstones
The Confédération Internationale de la Bijouterie, Joaillerie, Orfèvrerie (World Jewellery Confederation), better known by its French acronym CIBJO, successfully concluded its annual Congress in Bangkok, Thailand. The three-day event, running from November 5th-7th, brought from around the world some 150 official delegates and a total about 300 participants, and covered a wide range of issues on the agenda of the international gemstone and jewellery industry. There was a strong focus on responsible sourcing, Corporate Social Responsibility and sustainability, particularly in the coloured gemstone sector. The event was preceded by the three days of pre-Congress steering committee meetings and the first World Ruby Forum.
De Beers Q3 Rough Output +46% To 9.17m ct
De Beers’ rough diamond production increased by 46% to 9.17 million carats in the third quarter that ended .September 30th 2017.
Dubai Diamond Conference Reflects On Industry's Future
The Dubai Diamond Exchange (DDE), a Dubai Multi Commodities Centre (DMCC) platform, organised the third edition of its biennial Dubai Diamond Conference (DDC) under the theme ‘Shaping the future of an interconnected marketplace’ on October 16th and 17th.
Encouraging Signs Of Demand Uptick At Gold/Italy 2017
The fifth edition of Gold/Italy, a show exclusively dedicated to Made in Italy jewellery, stood out for the high level of Italian manufacturing, the quality of international demand, and its exhibition format.
Saffronart's Jewellery Seminar Off To A Grand Start
Saffronart’s inaugural jewellery conference, The Timeless Legacy of Indian Jewels, that was held on October 6-7, 2017, in Mumbai,received an overwhelming response.
Jaipur Hosts ICA Congress
The International Colored Gemstone Association’s (ICA’s) biennial Congress held its 17th edition in the Pink City, from October 21st to 24th, the second time that India has hosted the ICA event since 2003.
