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RAPAPORT. The Gemological Institute of America (GIA) has started providing specific information on post-growth treatments for synthetic diamonds, marking the latest shift in its approach to the category. The institute’s Laboratory-Grown Diamond Reports now say if there is evidence of a treatment to change the color of a stone, or if there is no evidence, a GIA spokesperson told Rapaport News Monday. Some stones carry the comment: “Whether this man-made diamond has been treated is currently undeterminable.” Previously, all reports included a generic statement that the lab-grown diamond “may” have been treated. The changes went into effect in early March. The reports will continue to state the growth type: chemical vapor deposition (CVD) or High Pressure-High Temperature (HPHT). ....
Members of the jewelry industry are confident that US sanctions on Burmese gems will punish leaders of the Asian country’s military coup without damaging the trade.The Myanmar army seized control of the country on February 1. On February 11, US President Joe Biden’s administration banned US. ....
RAPAPORT. The Israel Diamond Exchange (IDE) will reopen its trading floor this Sunday for vaccinated members, recovered Covid-19 patients, and those who can produce a negative virus test result from the previous 48 hours.New bourse president Boaz Moldawsky and the IDE board made the. ....
RAPAPORT. The Chinese New Year of 2020 could not have come at a worse time for the jewelry industry. The spread of the coronavirus across China and beyond was suddenly becoming a major threat to public health. Stores shut, and consumers canceled their travel plans. Retailers reported. ....
RAPAPORT. Alrosa has raised its production outlook for 2021 after rough-diamond demand picked up at the start of the year. The Russian miner plans to recover 31.5 million carats this year, an increase from its previous forecast of 28 million to 30 million carats, it said Tuesday. That would result in a 5% jump in output versus the 30 million carats Alrosa produced in 2020. “When we report out first-quarter results, investors will be surprised by the low level of inventory our company will have,” Alrosa CEO Sergey Ivanov said in a conference call following the release of the miner’s full-year earnings. “Not only our company, but the industry is low on rough.” ....