Israel to Polish Large Diamonds from China

Chinese diamond companies will send large stones for polishing at a new manufacturing facility in Israel, the Middle East nation’s industry body said.

Bourses in the two countries reached the agreement this week during a visit to Israel by Lin Qiang, president of the Shanghai Diamond Exchange. The new factory is due to open in January at the next International Diamond Week in Israel.

The deal is part of a wider memorandum of understanding Qiang signed with Yoram Dvash, his counterpart at the Israel Diamond Exchange. Under that MoU, the two nations’ diamond industries will also make offices and other trading spaces available for each other to use, and allow joint participation in educational courses, the Israel Diamond Institute said Wednesday. Both sides will also help each other develop their diamond industries.

“This is a very unusual situation, whereby Chinese diamantaires will send their large diamonds to be polished in Israel,” Dvash said. “It is testimony to the well-known expertise of the Israeli polishers and the technological advances of the industry here.”

Israel’s polishing sector has dwindled as lower costs have helped India increase its market share. However, cutting of bigger diamonds has largely remained in Israel due to local expertise, the country’s industry leaders claim. The IDE and the IDI are investing more than $3 million in the new large-stone manufacturing plant in the Ramat Gan bourse complex in an attempt to reinvigorate its polishing trade.

It will feature two cutting centers, spanning 1,100 square meters, and will employ about 150 polishers. The organizations expect the factory to yield thousands of polished stones per year from 5 carats upward.

Source: DCLA

Israel to Polish Large Diamonds from China

Chinese diamond companies will send large stones for polishing at a new manufacturing facility in Israel, the Middle East nation’s industry body said.

Bourses in the two countries reached the agreement this week during a visit to Israel by Lin Qiang, president of the Shanghai Diamond Exchange. The new factory is due to open in January at the next International Diamond Week in Israel.

The deal is part of a wider memorandum of understanding Qiang signed with Yoram Dvash, his counterpart at the Israel Diamond Exchange. Under that MoU, the two nations’ diamond industries will also make offices and other trading spaces available for each other to use, and allow joint participation in educational courses, the Israel Diamond Institute said Wednesday. Both sides will also help each other develop their diamond industries.

“This is a very unusual situation, whereby Chinese diamantaires will send their large diamonds to be polished in Israel,” Dvash said. “It is testimony to the well-known expertise of the Israeli polishers and the technological advances of the industry here.”

Israel’s polishing sector has dwindled as lower costs have helped India increase its market share. However, cutting of bigger diamonds has largely remained in Israel due to local expertise, the country’s industry leaders claim. The IDE and the IDI are investing more than $3 million in the new large-stone manufacturing plant in the Ramat Gan bourse complex in an attempt to reinvigorate its polishing trade.

It will feature two cutting centers, spanning 1,100 square meters, and will employ about 150 polishers. The organizations expect the factory to yield thousands of polished stones per year from 5 carats upward.

Source: DCLA

Indian jewellers set dazzling record with ring containing 6,690 diamonds

Two jewellers from India have broken the record of Most diamonds set in one ring, by setting a staggering 6,690 diamonds into an 18 karat rose gold structure, shaped like a lotus flower.

Vishal Agarwal and Khushbu Agarwal, both based in Surat, Gujarat, constructed the ring using a base component and 48 individual diamond encrusted petals.
The lotus ring weighs more than a golf ball, with a total weight of just over 58 grams.

It took six months to design and craft the intricate ring, which has been valued at $4,116,787 USD.

Vishal created the design for the ring, and Khushbu, who owns Hanumant Diamonds, funded and provided the resources for the ambitious project.

The ring was manufactured by Hanumant Diamonds artisans, based in Mahidarpura, Surat.

The lotus ring took the record from Savio Jewellery’s Peacock Ring which earned the record in 2015, with 3,827 cut diamonds.

The idea for Vishal and Khushbu’s creation came from them wanting to raise awareness about importance of water conservation.

They decided to use their work to generate awareness and settled on a lotus flower design because it is the national flower of India, and because it depicts “the beauty growing in the water-world”.

Source:DCLA 

Indian jewellers set dazzling record with ring containing 6,690 diamonds

Two jewellers from India have broken the record of Most diamonds set in one ring, by setting a staggering 6,690 diamonds into an 18 karat rose gold structure, shaped like a lotus flower.

Vishal Agarwal and Khushbu Agarwal, both based in Surat, Gujarat, constructed the ring using a base component and 48 individual diamond encrusted petals.
The lotus ring weighs more than a golf ball, with a total weight of just over 58 grams.

It took six months to design and craft the intricate ring, which has been valued at $4,116,787 USD.

Vishal created the design for the ring, and Khushbu, who owns Hanumant Diamonds, funded and provided the resources for the ambitious project.

The ring was manufactured by Hanumant Diamonds artisans, based in Mahidarpura, Surat.

The lotus ring took the record from Savio Jewellery’s Peacock Ring which earned the record in 2015, with 3,827 cut diamonds.

The idea for Vishal and Khushbu’s creation came from them wanting to raise awareness about importance of water conservation.

They decided to use their work to generate awareness and settled on a lotus flower design because it is the national flower of India, and because it depicts “the beauty growing in the water-world”.

Source:DCLA 

De Beers rough diamond sight grows to $575m

Anglo American’s De Beers the world’s largest rough diamond producer by value, sold $575 million worth of rough diamonds at the fifth sight of this year.

The value is a 6% increase from the $541m sight in the same period last year and 3.7% higher than the $554m sight last month.

De Beers has increased efforts in recent months to find a way to verify the source of diamonds and ensure they are not from conflict area where rough diamonds may have been used to finance violence.

Last month De beers announced it would start selling jewellery made with laboratory grown diamonds.

Source: DCLA

De Beers rough diamond sight grows to $575m

Anglo American’s De Beers the world’s largest rough diamond producer by value, sold $575 million worth of rough diamonds at the fifth sight of this year.

The value is a 6% increase from the $541m sight in the same period last year and 3.7% higher than the $554m sight last month.

De Beers has increased efforts in recent months to find a way to verify the source of diamonds and ensure they are not from conflict area where rough diamonds may have been used to finance violence.

Last month De beers announced it would start selling jewellery made with laboratory grown diamonds.

Source: DCLA

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