Showing posts with label gemstone. Show all posts
Showing posts with label gemstone. Show all posts

Wednesday, July 9, 2008

Dubai and Thailand explore mutual trade opportunities for gems and colored stones

UAE. Dubai Multi Commodities Centre (DMCC) and the Thai Gem and Jewelry Traders Association (TGJTA) signed an agreement today, making TGJTA the first affiliate member of the Dubai Gems Club (DGC), a strategic initiative of the Colored Stones and Pearls Division at DMCC.

This agreement will boost trade opportunities between Dubai and Thailand, both fast-emerging markets for gems and colored stones. Thailand, a major global gem trading and processing centre, is the second largest exporter of gems and jewelry in the world with annual exports over US$2 billion. The country enjoys rich natural deposits of ruby and sapphire and is known as the heart of South East Asian gemstone production and trade.

Under the terms of the agreement, TGJTA members will access DGC’s network of local and international markets. In addition, as an affiliate member, TGJTA will also have access to the dedicated trading facilities of the Dubai Gems Club located at Almas Tower. DMCC serves as an international hub bridging gemstone producing and consuming countries, and facilitates the trade of colored stones through Dubai via the Dubai Gems Club.

Gaiti Rabbani, Executive Director-Colored Stones and Pearls Division, DMCC, said: “We strongly feel that the colored stones industry needs a unified and comprehensive marketing strategy that will drive demand across the emerging consumer markets. DMCC’s affiliation with TGJTA will offer Thailand’s colored stones community a dedicated platform to further boost their trade, and will in turn positively impact the entire value chain of the colored stones industry. In addition, our partnership with TGJTA will add value to Dubai’s AED 70 million [US$20 million] annual colored stones trade.”

“The affiliate membership status is new to DGC and we are pleased to work with a reputable association such as TGJTA in this Endeavour. We expect to see an equally strong response from other respected international gemstone organizations as a result of the various benefits derived from this membership status,” she added.

Vichai Assarasakorn, President, TGJTA, said: “The TGJTA has always sought to lead the way in the international community to promote Thailand’s colored stones trade. Our association with DMCC will pave the way for a dedicated market for over 200 of our members. We look forward to partnering with the Dubai Gems Club to further develop the jewelry and colored stones trade.”

TGJTA was established over three decades ago to serve Thailand’s gem and jewelry traders and manufacturers. It has concentrated on creating a cohesive organization dedicated to developing and expanding the industry for the benefit of all. TGJTA’s leadership and members have served to grow what was once a cottage industry in Thailand into one of the world’s leading gem and jewelry manufacturing and trading centers.

Source: BI-ME

Monday, June 16, 2008

Business Barons from India & Thailand meet at FICCI Global Business Forum at the IIFA Bangkok

Mumbai: - Czars from India and Thailand combined business with pleasure at the FICCI Global Business Forum that kicked off at Bangkok. The forum highlighted the huge untapped trade potential between India and Thailand, the two majors in the global gems & jewelry industry that was attended by business czars from India and Thailand.

It was discussed that India is not just strong in its culture but is also a very strong market, with an export of US $ 20.889 billion in 2007-08 and records a growth of 22 %. Out of this, India exports only 2% of its Jewelry to Thailand and has a tremendous potential to grow. Thailand on the other hand is the gemstone capital of the world. Thus, the FICCI Global Business Forum at Bangkok was an effort towards bilateral trade promotion activities such as to benefit the gem and Jewelry sector in both the nations.

The trade between Indian and Thailand has a huge untapped potential to grow. Inter Organizational collaborations and partnerships will help harness this potential. India and Thailand can work together to leverage their strengths to capture a larger market share in the American European and emerging markets of the world.

Speaking at the forum Mr. Mehul Choksi, Chairman, FICCI's Gem & Jewelry Committee said, "India and Thailand can work together to leverage their strengths to capture a larger market share in the American, European and emerging markets of the world. Inter Organizational collaborations and partnerships will help harness this potential".

Monday, June 9, 2008

The ‘Flame Queen’ May Fetch $250,000

JCK jewelers.com -- An opal collection highlighted by what is arguably the most famous opal in the world—dubbed the "Flame Queen,"—the 263.18-cts. Gemstone will be part of Bonhams & Butterfields Natural History auction, scheduled for June 22 at the auction house’s San Francisco and Los Angeles locations.

The "Flame Queen" is oval in shape with a flat central dome surrounded by a blue-green band - lending it the appearance of a fried egg. It’s not only famous for its extraordinary large size (263.18-carats) but also but also for its unusual shape and color pattern.

The auction house said the legendary opal could bring as much as $250,000. Other opals in the collection include the "pineapple" (estimated price $40/50,000); and a pure black opal-filled Yowah nut (a type of nodule-estimated to bring $65/80,000).

The Flame Queen was found at the Lightning Ridge black opal mine in Australia in 1915 by miners Jack Philips, Walter Bradley and “Irish” Joe Hegarty. The most unusual color pattern of this opal is best described as having the appearance of a fried egg—gemologically known as the “eye-of-opal” effect—created when opal infills a cavity. The Flame Queen is the best known gem of this type. Polished as a broad, pear-shaped buff top cabochon, its flashes change from vivid red to fiery bronze when viewed from different angles and in different light.

Wednesday, May 14, 2008

MySolitaire.com launches the largest ever Gemstone

MySolitaire.com, a leading online jewelry portal launches the biggest ever Gemstone Stud Collection. "We are launching more than 14000 Gemstone Stud Earrings early May. It will be the largest collection offered by any jewelry site," declared Ashish Jhalani CEO & Co Founder. One of the most respected online jewelry brands, MySolitaire is already unbeatable in the online Gemstone Rings Collection. Ashish further elaborated, "We want our customers to have maximum choice and flexibility, now they will have the option to design their own gemstone studs."

A specialist in engagement and wedding rings MySolitaire is committed to provide better choice, better quality and better value for money. "We want to give our customers complete choice to design their own jewelry. Our Stud Galore allows them to design studs in more than twenty gemstones available in eight shapes, five different metals and several settings," emphasized Amit Jhalani, VP & Co Founder. The gigantic collection ensures a stylish answer in sync with the latest fashion trend of color gemstone jewelry. The founders are all geared to dazzle the customers with the array of new designs customized especially for this collection. On a lighter note, they seem to redefine the phrase you name it and we have it!

A top online destination for diamond and gemstone jewelry, MySolitaire showcases more than 20,000 jewelry designs. The concentration however will remain on engagement and wedding rings, with the introduction of more than 200 new designs. Surging ahead to capture US jewelry market with their biggest collection of the Black Diamond, Fancy Color Diamond and now Gemstones, MySolitaire promises to be truly a buyer's paradise.

About MySolitaire.com.

Established in 2004, MySolitaire.com is a leading online retailer of fine jewelry and diamonds. A respected brand MySolitaire, aspires to provide its consumers a better way to buy diamonds and fine jewelry.

MySolitaire is known for its fine and extensive line of wedding rings and engagement rings. Showcasing thousands of certified diamonds and vista of gemstone jewelry, MySolitaire.com sells at significantly lower prices than traditional retailers. MySolitaire has also become the online leader in color diamonds line such as blue diamonds, black diamonds and red diamonds. MySolitaire can be found on http://www.MySolitaire.com.
Amit Jhalani, V P Sales & Marketing.

Tuesday, May 6, 2008

Andesine Aggravation

The recent saga of the gemstone andesine illustrates the complexities of gemstone enhancement and disclosure.

Andesine is a reddish-orange feldspar that's been in the market for five years. It's sometimes called sunstone because its chemical composition is similar to that gemstone's. Stuart Robertson, research director for Gemworld International, Glenview, Ill., says it was first seen at the gem shows in Tucson, Ariz., in 2003, but didn't draw attention until 2005, when quantities started to increase. Color and clarity were remarkably consistent, raising questions about origin and enhancement. Some have answers to those questions. Some of the answers raise more questions.

"It's from Tibet, natural and unenhanced," says Jackie Li, owner of the Tibetan Sunstone Mine, whose Web site, Tibetansun.com, details the story of andesine's origin. Missing from that story: any images of an actual mine or rough gems.

Congo has been identified as another source of andesine. Online gem merchant Thaigem.com says it first purchased Tibetan sunstone in East Africa, where it was identified as Congolese. And Dr. Laurent Sikirdji, of Gemfrance.com, says his andesine—which he calls natural and unenhanced—is from Congo. But no one has seen a Congolese andesine mine or any Congolese rough. Sikirdji admits that his Congolese andesine is purchased in Thailand.

Jewelry Television had been selling andesine as natural and unenhanced. "We were assured that the color was natural by all our suppliers," says JTV cofounder Jerry Sisk.

Late last year JTV found a source for andesine in Mongolia. Sisk describes what happened next: "Our man in the field saw the rough coming out of the ground (all yellow) and was given the 'recipe' for heating the material."

JTV has sent samples of treated and untreated andesine rough to Dr. James Shigley at the Gemological Institute of America, Dr. George Rossman at California Institute of Technology, and Dr. John Emmett at Crystal Chemistry in Brush Prairie, Wash., all renowned experts in gemstone enhancements. Sisk is determined to find the mechanism behind the color, and he wants to know how to identify treatments. It may take several months before any conclusions are reached.

"The only comment that I would make," says Sisk, "concerns our prior purchases, which we cannot attribute to China or Mongolia. We actually have documentation on a number of our acquisitions stating Congo as the source of the gems. Once again, we were relying on our vendors, but took the position that we will find the source(s) and inform our viewers. We released that information within a very short time frame once it was verified."

Sisk notes that JTV has not directly purchased any gemstones from the Mongolia site. "We will, of course, start negotiations with the mine owners to procure a steady supply of material for our viewers," he says. "Any gemstones from the mines in northern China and southern Mongolia will be disclosed properly and noted on our invoices."

Sisk adds, "When we first started selling red and green andesine-labradorite, we did send samples to the labs as part of our standard operating procedure. The reports came back as natural color. Our vendors also assured us that the color was natural. That is how we represented it to our customers."

Sisk says demand for fine-quality red and green andesine-labradorite is putting pressure on the supply side, boosting prices on his recent purchases, and making it difficult to get enough fine-quality gems to meet demand, particularly in larger sizes. "The prices are higher than they were a year ago, and we cannot purchase the quantities we need to supply the consumer," says Sisk. "Clean, unzoned green andesine-labradorite is nearly nonexistent.We have extremely limited supplies of the green material and do not see any improvement in availability in the near future."

Wednesday, April 30, 2008

DFI’s Marine Mining Yield Rises, Average Prices Up 21%

Diamond Fields International (DFI) announced Monday that it sold a total of 1,958.19 carats at its most recent rough diamond sales for an average price of $258.36 per carat, a 21 percent increase over the previous year’s average sale price of $213 per carat.

A total of 2,763.28 carats were recovered by DFI during the month of March, the company’s best month since May 2007, DFI stated in a release. Total carats recovered to the end of the first quarter of 2008 came to 5,882.74; of this, 15,626 stones were gem quality, with an average weight of 0.38 carats per stone.

Commenting on the results, DFI CEO Wayne Malouf credited “the significant improvement in ship availability, a prerequisite in our program to make the marine operation more efficient.” Most of the diamonds were mined at DFI’s marine operations which were recently overhauled.

DFI recently announced that PriceWaterhouseCoopers had resigned as the company’s auditors, effective April 23, and that DFI’s head office had been moved from South Africa back to Vancouver, B.C.

DFI is a mining and exploration company with projects in West Africa, Namibia, Zambia and Madagascar, mining diamonds, gold, zinc, copper and nickel.

Thursday, April 26, 2007

GemTradeNet.com-The New Online Revolution in Gems & Jewelry

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