Christie's is selling one of the diamonds, moving forward with its Geneva jewelry auction despite the cyberattack that took down its website.
WFDB, IDMA Postpone 2018 World Diamond Congress
The event, slated to take place in Israel, has been cancelled due to mounting tensions in the Middle East.
Antwerp, Belgium--The World Federation of Diamond Bourses and the International Diamond Manufacturers Association announced Thursday they are postponing the 2018 World Diamond Congress.
The WFDB and IDMA had scheduled their biennial gathering for June 19 to 21 in Tel Aviv, Israel. The Israel Diamond Exchange was organizing the event, which was due to have a section on how technology can aid the diamond industry, among other topics.
The associations said the decision came as a result of the “weak response” to registration, which they believe could have been influenced in part by the rising tension in the region.
Tensions between Israel and Iran have been escalating of late, with the former announcing Thursday it had bombed military facilities in Syria thought to be linked to Iran in response to what it called an Iranian missile attack on the Golan Heights.
The protests occurring on the Israel-Palestinian border for the past few weeks also are intensifying.
WFDB President Ernie Blom and IDMA President Ronnie VanderLinden said in a joint statement: “It is obviously with very great regret that we have reached the decision to cancel the congress. We had a full agenda of issues regarding the state of the global diamond industry and preparations were in full swing. However, we have to take all factors into account, and felt it was the correct decision to make which is in the best interests of all concerned.”
VanderLinden told National Jeweler the event won’t happen until 2019 at the earliest.
He added that all attendees who signed up for the congress via the official registration page will be fully reimbursed.
The Latest
The ad aims to position platinum jewelry as ideal for everyday wear.
Retailers can customize and print the appraisal brochures from their store.
Despite the rising prices, consumers continue to seek out the precious metal.
The move follows a price-drop test run in Q4 and comes with the addition of a “quality assurance card” from GIA for some loose diamonds.
The site has been down since Thursday evening, just ahead of its spring auctions.
The late former U.S. Secretary’s collection went for quadruple the sale’s pre-sale estimate.
Tradeshow risks are real. Get tips to protect yourself before, during and after and gain safety and security awareness for your business.
Three fifth graders’ winning designs were turned into custom jewelry pieces in time for Mother’s Day.
Kimberly Adams Russell is taking over the role from her father, David Adams, marking the third generation to hold the title.
As a token of womanhood, this necklace depicts when Venus was born from the sea.
The deal gives the retailer control over the distribution of Roberto Coin jewelry in the U.S., Canada, Caribbean, and Central America.
Show your mother some love with a piece of fine jewelry.
The company’s Easton location will remain open.
Brian D. Fleming of Carla Corporation was elected to serve a one-year term in the role.
Sponsored by the Las Vegas Antique Jewelry and Watch Show
Tobak, author of “Ice Cold: A Hip-Hop Jewelry History,” shares how the exhibition came to be, and the pieces people may be surprised to see.
Stars adorned themselves in emeralds, platinum, and myriad bird motifs, writes Associate Editor Natalie Francisco.
M.S. Rau is set to open a seasonal gallery in the high-end resort town early next month.
The branded jewelry market is thriving, said Richemont Chairman Johann Rupert.
The six designers, all participants in the show’s Diversity Action Council mentorship program, will exhibit in Salon 634.
The highlight of his collection is the coveted Patek Philippe Grandmaster Chime, which could sell for up to $5 million.
The “Venetian Link” series modernizes the classic Veneziana box chain in its bracelets and necklaces.
The Seymour & Evelyn Holtzman Bench Scholarship will provide tuition assistance to two low-income students.
The Swiss watchmaker said the company’s plans to use a new version of the Hallmark crown on jewelry would confuse consumers.
The executive talked about the importance of self-purchasers and how fuel cell electric vehicles are going to fuel demand for platinum.
The Indian jeweler’s new store in Naperville, Illinois marks its 350th location, part of its ongoing global expansion plans.