Posts Tagged ‘ India ’

Industry Update: Diamonds May Surpass Gold for Investing

A scattering of "brilliant" cut diam...

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According to David Parkinson of The Globe and Mail , there’s a sly little gemstone sneaking up stealthily behind gold to become the big-ticket investment grab of the year. While gold can’t seem to stay out of the headlines, diamonds have been steadily gaining Wall Street-cred in their own right.

Traditionally, diamonds and gold move in the same direction on the charts, but since the 2008 financial crisis, gold has skyrocketed thanks to its reputation as a solid way to store wealth. Diamonds, meanwhile, experienced “a recession-driven drop-off in jewellery sales” that weighed heavily on their market value. But over the course of the last year, diamonds are again trending upward as investors start to realize that diamonds may just be an even better investment than gold.

“Diamond companies look underpriced versus gold, [platinum group metals] and silver (SI-FT) stocks on a [price-to-net-present-value] basis,” wrote Edward Sterck, diamond-producer equity analyst for BMO Nesbitt Burns in London, in a recent research report.

Whether diamonds are actually a sounder investment than gold is debatable, but according to analysts “the outlook for gems looks strong on a good old fashioned supply-and-demand basis.”

Since 2006, the mining and production of diamonds has dropped off significantly. Diamond producers aren’t actively seeking new mines, or even doing much with those they’ve already established. Rather, they’re depleting the existing supply of diamonds, while a new demand lurks on the Eastern horizon.

China and India are producing a surge of new consumers eager to buy jewelry, which is viewed as a long-lasting investment especially in their cultures. According to the Globe and Mail, “Last year, diamond demand jumped 31 per cent in India and 25 per cent in China.”

Meanwhile, in the U.S., the diamond demand jumped 7% in 2010 – solidifying diamonds as a sound investment for wealth and not just the jewelry box.

To read more, visit The Globe and Mail’s website.

Liz for Raymond Lee Jewelers, your trusted source for jewelry industry updates, news and trends.

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Gold! What A Great Time to Find Gold Treasure!

Temple Tower during LakshaDeepam Festival

Image via Wikipedia

Should India Trust their government with their newly discovered treasure?

We know it isn’t sexy, like Vogue, but when there’s this much gold discovered, when gold is more valuable than ever, we just have to talk about it!

Should any country? In Thiruvananthapuram, the capital of Kerala, many people (including the state’s top elected official), Hindus and the former royal family that still oversees the temple — are arguing that the treasure should remain, for the most part, untouched, at the Sri Padmanabhaswamy temple, the place it has been for centuries now.

There is a concern among many that public officials entrusted with large sums of money (the treasure) will pocket much of it and probably poorly manage what is left. This is in light of recent scandals, including one that involved telecom licenses that came at a cost to the government of approximately $40 billion bucks!

Sri Padmanabhaswamy temple, Treasure, India

Sri Padmanabhaswamy temple

Beneath a Temple in Southern India, a Treasure Trove of Staggering Riches!

By Raymond Lee Jewelers. Specialist in the fields of selling gold, diamonds and jewelry appraisal!

June Hong Kong Jewellery & Gem Fair 2011: ‘Rapid Reporting’ Recap by Raymond Lee Jewelers

Raymond Lee Jewelers

‘Rapid Reporting’

Top of the morning to you, everybody. I trust that everyone has rested up and recharged their batteries, ready to dive into a paramount and productive week. 🙂

If not, please go grab yourself a nice hot cup of coffee, send me one, and let’s get to some seriously ‘Rapid Reporting‘ of the June Hong Kong Jewellery & Gem Fair 2011 recap.

Hong Kong Jewellery and Gem Fair 2011

On the final day of The June Hong Kong Jewellery & Gem Fair, one of the top three jewellery shows in Asia, held at the Hong Kong Convention and Exhibition Center, had already been attended by 19, 968 visitors.  According to, the number of both unique and return attendees to this years June Hong Kong Jewellery & Gem Fair had shown an increase of 21.5%, compared to the statistics of last June.

From the first day of registration, where overwhelming lines and unexpected spikes in visitors surprised event coordinators, a foreshadowing of one of the most successful years for the Jewellery & Gem Fair was underway. On the first day of the fair, June 23rd, the Antique Jewelry Hall required an additional floor of exhibitor space to accommodate the heightened intrigue with antique jewelry.

By the time press releases from Asia could be found online, initial reports related to the jewelry fair were enthusiastically announcing the June Hong Kong Jewellery & Gem Fair 2011 had opened to a record breaking turnout of buyers, exhibitors and enthusiasts.

HONG KONG, June 23, 2011 /PRNewswire-Asia/ — June Hong Kong Jewellery & Gem Fair 2011

Jime Essink, President and CEO of UBM Asia said: “We are delighted that the June Hong Kong Jewellery & Gem Fair hits a new record high of 1,600 exhibitors this year, a 25% rise on 2010. This further confirms that jewellers around the world recognise the value of joining the June Fair.”

Celine Lau, Director of Jewellery Fairs, UBM Asia Ltd said: “The June Fair is an important event in the trade show calendar. To mitigate the risk of holding too much stock, buyers prefer to make more frequent sourcing trips. This propels the growth of the June Fair which presents buyers with the opportunity to source from quality suppliers from around the world every mid-year.”

Over 60% of those attending the Jewellery & Gem Fair in Hong Kong traveled from overseas, just as Raymond Lee Jewelers did. The June Hong Kong Jewellery & Gem Fair 2011 attracted more than 1,596 companies from around the world, with 19,968 visitors from 102 countries and regions having visited the fair before the final day had commenced. The top five of those visiting countries include China, India, Taiwan, Philippines and Thailand.

Statistics Provided by

Numbers of Visitors as Reported by the June Hong Kong Jewellery & Gem Fair:

  • Day one: 9, 835
  • Day two: 5, 771
  • Day three: 4, 362

Cartier Hong Kong

 In addition to the incredible turnout of the June Hong Kong Jewellery & Gem Fair, the trip of our President and VP to Asia proved to include a surprise set of front row seats of the strengthening overseas economy. Just as the diamonds, pearls and gemstones from all over the world were illuminating the streets of Hong Kong for the Jewellery & Gem Fair, the prevalent and increasing use of the euro as currency seemed to shed a bright light on the dedication of  both China and Japan, Asia’s first and second largest economy and foreign exchange reserves powers, to bring financial stability to Europe.

As China’s most valuable economic partner, Europe is being strongly supported in Asian markets. Several reports have been published recently by French media outlets, confirming that the Chinese have taken several different actions which show their support and dedication to the financial recovery of Europe.

Japanese Finance Minister Yoshihiko Noda 21, also said it would continue through the purchase by the European Financial Stability Fund bonds, etc., to help Europe deal with the debt crisis.

Having traveled from The States, where citizens have spent the past few years fighting a seemingly endless battle for survival through grave economic uncertainties, the scenery of Hong Kong was something so far from the picture of pinching pennies. In the photographs my boss was able to send, it is clear to see upon first glance the current state of world economy, captured in the images of consumers in Hong Kong.

Locals of Hong Kong, and those who traveled from China’s mainland in avoidance of the sales tax, formed lines which wrapped around the block, eagerly awaiting to enter the retail priced storefronts of such names as Cartier, Chanel and Gucci. Business was booming, and not just at The June Hong Kong Jewellery & Gem Fair… Business in Hong Kong seems to be booming everywhere!

Louis Vuitton Hong Kong

Florida Diamond: CEO of De Beers Stepping Down

Florida Diamond

Florida Diamond

Florida Diamond News July 24th:

It has been noted recently that the Chief Executive Officer of giant diamond supplier De Beers is going to leave the company.  This will end a five year reign at the helm of the worlds most powerful companies.  Mr. Penny had to navigate the company through an economic recession that rocked the world’s business of luxury (and diamonds).

Surprisingly, this years financial data is more positive than expected.  The first half of this year, which ended on June 30th, saw a 74.1% jump in sales to almost $3 billion.  Noted was the increase in production in both China and India.  Much of the credit was given to Penny for this great half.

Penny worked at De Beers for 22 years.  All rumors about Penny point to him being a great leader and CEO.   He  helped bring them out of the toughest global economic recession in years.  It has not been decided who will replace Penny for the long term, however in the short term the CFO and CCO will act as a pair of CEO’s.

by Seth at Raymond Lee Jewelers

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Diamonds: A History

florida diamonds

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The word diamond comes from a Greek word that means unbreakable.  A diamond, which can only be cut with another diamond, is the hardest substance on the Earth.  Because of its natural and physical characteristics it has been one of the most sought after gemstones of all time.  In today’s day a diamond is a commodity that can be traded and is graded based on its carat weight, color, clarity, and cut.  Most diamonds can be found in rings, specifically diamond engagement rings.

History points to the first references towards a diamond in India in the 4th century BC.  Until the late 1700’s and early 1800’s India remained the premier place for diamond exploration.  After diamonds became more popular the search for new diamond reserves was on.  Soon after, South Africa became the worlds number one diamond excavation center of the world.

Even though most diamonds come from South Africa these days, the majority of them are still cut and shaped in India.  It is approximated that this number is as high as 90% of all diamonds go through India.  They are traded, however, in Antwerp, Belgium, which is known as the diamond capital of the world.

As the demand for better looking diamonds became more prevalent in the recent century, scientists have invented the technology to synthetically create flawless diamonds.  They have the same visual characteristics as diamonds that come from the ground.  Still, diamonds that are of equal quality naturally are worth more than synthetic ones.

There are four main characteristics that go into grading a diamonds.  The carat weight, color, clarity, and cut.  Carat weight is how much the diamond weighs in carats (a unit of measure).  The color is based on a scale from D-Z with D being the closest to colorless.  D, E, and F are said to be colorless while G, H, and I are said to be near colorless.  Clarity is based on a scale that is a little more confusing.  The best clarity grade a diamond can get is Flawless, although this is very rare.  Next is internally flawless (IF), followed by VVS1 and VVS2, then VS1 and VS2, SI1 and SI2 and I1, I2, and I3 round out the bottom.  VVS stands for very very slightly imperfect, VS stands for very slightly imperfect, SI stands for slightly imperfect and I stands for imperfect.  The final grade is the cut, or the shape.  Round diamonds are the most popular and the most expensive compared to a diamond with the same weight, color and clarity with a different cut.  Other cuts include princess, rectangle, pear, and trillion.

Through the test of time it seems the diamond will remain atop all gemstones in terms of desirability.  As long as diamonds are a girls best friend jewelry stores like Raymond Lee Jewelers will continue to stock them.

by, Seth Raymond Lee Jewelers, check out our Florida Diamond database.

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