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 Diamonds vs Costco: 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. […]

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Bull Shit Alert: American Gem Society provides urgent consumer tips

Urgent Consumer Tips for the Holidays from the AGS: 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 […]

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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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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 Trade Show Jewelry Expo, 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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Diamond Buying Advice Learn Before You Buy!

30+ years of Diamond Buying Knowledge Shared FREE I’m Todd Gray and I’ve been actively involved in the diamond industry since 1985.  During that time I’ve owned and operated a brick and mortar jewelry store. I was also employed as the primary diamond buyer for Nice Ice, Inc. As a matter of fact, Nice Ice […]

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