Category Archives for Nice Ice News

187.7 carat Foxfire Diamond almost CRUSHED

Rio Tinto Foxfire 187.7 carat rough diamond, photo courtesy of Bloomberg media

The 187.7 carat Foxfire Diamond was Practically CRUSHED to Death at the Diavik Diamond Mine in Canada! And it’s possible that other diamonds just like it get Smashed to Smithereens all the time! Can you even imagine?

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Tiffany Diamonds vs Costco: Tiffany SPANKS Costco in Landmark Lawsuit for trademark infringement & more

Tiffany & Co., presented COSTCO with a very special Valentines Day gift in 2013, they filed a lawsuit against them for trademark infringement and selling what Tiffany claimed to be counterfeit Tiffany diamond engagement rings. “Happy Valentines Day” sealed with a kiss and all of that! Long story short, the U.S. District Court for the Southern […]

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RapNet Diamond MLS Announces Virtual Diamond Inventory Service for Retail Diamond Jewelers

Industry giant Martin Rapaport announced today, the official launch of RapNet’s new “Instant Inventory for Diamond Jewelers” which provides retail jewelers and internet dealers with access to virtual inventory consisting of more than 1.5 million diamonds, valued at more than $8 billion dollars. This service enables jewelry stores and internet diamond dealers to offer millions […]

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Bull Shit Alert: American Gem Society provides urgent consumer tips for holiday diamond purchases

The American Gem Society, has issued a press release “for immediate release” that they’re calling “Urgent consumer tips for holiday diamond purchases” which I find to be so patently offensive, that I’m issuing an Official Bull Shit Alert.  Primarily because the second “urgent piece of advice” recommended in the article is that before buying a diamond, consumers should “See […]

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When is the best time to buy a diamond? Diamond prices Up 2.2 – 8.8% 1st Quarter 2014

You’re welcome to try to predict when is the best time to buy a diamond, however it is likely that any time spent trying to figure that out is simply going to cost you in terms of carat weight, color, or clarity, as diamond prices continue to steadily increase. Rapaport Diamond News is reporting steady price […]

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Tiffany & Co. Confident that New Hires will Revive Lagging U.S. Business

This morning the Rapaport TradeWire® reported that Sterne Agee analyst Ike Boruchow upgraded shares in Tiffany & Co. from “Neutral” to “Buy” with a target price of $86, citing a highly visible margin recapture in the upcoming 18 to 24 months. One of the reasons stated for the increased confidence in the stock price of Tiffany […]

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Roughing It with a Forevermark Diamond from Neiman Marcus Christmas Book 2013

Luxury retailer Neiman Marcus and De Beers Forevermark® have joined forces to create a rare opportunity for holiday diamond shoppers to purchase the ultimate diamond shopping experience. The top gift in the 2013 Neiman Marcus Christmas Book is aptly titled “Roughing It” and costs a mere 1.85 million dollars, it includes a piece of diamond […]

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How will Diamond Prices & Supply be affected by the Diamond Cutting Crisis in India?

If you don’t buy diamonds for a living, you might not have noticed that there has been a shortage of SI clarity diamonds for the past few months. I discussed the matter with 5th generation Diamond Cutter Brian Gavin recently and he expressed concern that the situation was not going to get better any time […]

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Sotheby Expects to Sell Fancy Premiere Blue Diamond for $19 million at Hong Kong Auction

Famous auctioneer Sotheby’s has announced that it is selling a 7.59-carat, fancy vivid blue diamond at its Hong Kong auction on October 7th  for approximately $19 million, which is roughly $2.5 million per carat. The diamond, which has been aptly named “The Premiere Blue Diamond,” has been graded by the GIA as Internally Flawless in […]

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Inside the JCK Diamond & Jewelry Trade Show, Las Vegas 2013

Yesterday marked the kick-off of the 2013 JCK Diamond and Jewelry trade show in Las Vegas, everybody who is anybody in the industry is here!  Well except for my buddy Wink Jones from High Performance Diamonds, who told me that he’s not attending the show this year because I am… okay, that’s a bold face […]

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