IDEX India Retail, June 2012

7/31/2019 IDEX India Retail, June 2012

1/60

Diamonds AtDenim Prices

Indias young women are

redefi ning the way jewelleryis viewed and bought

June 12

MARKET

REPORT

Weak & VolatileRupee Slows Trade

SPOTLIGHT

Diamond & Gemstone Origins:Premiums And Politics

SPECIAL

REPORT

Akshaya TritiyasWhite Tint

TREND

REPOR

Big DesignOn A Tiny Sc


2/60

www.i

dex

online

.com

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4/604 IDEX MAGAZINE INDIA RETAIL| NO

magazine india retail

05FROM THE EDITORS DESK

Chronicles Of Change

08MUMBAI DIAMOND MARKET

REPORTWeak & Volatile Rupee Slows Trade, Vegas, Hong

Kong Shows Offer Hope

10SPECIAL REPORT

Akshaya Tritiyas White Tint

15SPOTLIGHT

Diamond & Gemstone Origins: Premiums & Politics

19RETAIL ET CETERA

Ringing In The Changes

25 TREND REPORT

Big Design On A Tiny Scale

27DIAMOND RETAIL BENCHMARK

34FACETS

Rio Tinto Honours D. Navinchandras Shanti Mehta

38RETAIL BYTES

Fred Leighton Collection Debuts

42COVER STORY

Diamonds At Denim Prices

50INDUSTRY NEWS

Industrys Determined Stand Sees Withdrawal Of

Excise Duty

54STONE SOURCES

Rio Tinto Appoints New India Head

w w w . i d e x o n l i n e . c o m

J U N E 2 0 1 2VOL. 1 No. 19

Editorial Department

EDITOR-IN-CHIEF Vinod Kuriyan

EDITORs Edahn Golan, Danielle Max

IDEX ONLINE REsEARCH Ken Gassman

INTERNATIONAL CORREsPONDENT

Tamar Katzav

ADMINIsTRATION & MARKETING

Managing Director Yaron Barzilay

Marketing Manager Kuldip BedisALEs MANAGERs

Anish Kuriakose, Osnat Davidov, Avivit Morhaim, Yaron Barzilay

PRODUCTION & CIRCULATION Helena Dorsht

ACCOUNT MANAGER Rinat Oz

ART DEPARTMENT

GRAPHIC DEsIGNERs

Boris Mandelis (RD Media group)

Tera Kaur (RD Media group)

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IDEX Magazine - India Retail is published in India by Idex Online S.A.. Reprintsof individual articles are obtainable on application to the editor. All rights reserved.No part of this publication may be reproduced, stored in a retrieval system ortransmitted in any form or by any means without the prior written permission of

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PUbLIsHED by yARON bARzILAy FOR IDEX ONLINE s.A

ISSN 0334-6838

2003 IDEX ONLINE S.A.

CONTENTS

JUNE


5/60

Editor

IDEX MAGAZINEINDIA RETAIL

|NO 19: EDITOR

wo factors have given diamonds their unique, precious

status their rarity and consequently their prices. The

funny thing is, in order to maintain that raried status,

diamonds need to be seen, touched and above all used,

by even the low-end consumer in order for that hallowed

status to remain the way it is. It isnt any good aunting a

sparkler if the rest of the populace doesnt really get how

rare and precious it is!

Theres also another factor. In todays world, not everyone

wants an esoteric status symbol. Many today want only

something really beautiful and trendy, with perhaps a hint that

it is part of a world that is out of the reach of most people.

This is all very confusing and seemingly a contradiction in

terms. But thanks to the Indian diamond industry, diamonds

have managed to not only maintain their raried, precious

status, but have also touched the lives of ordinary, low-end

consumers. But for a long while, the Indian jewellery retail

industry didnt appreciate this and in India, of all places,diamonds seemed to be losing their relevance to younger

women as they stayed in the very top price ranges that are

out of the reach of most people.

Fortunately, some of India very top brands and retailers

recognized this and purposefully went after a segment of

the market that most traditional jewellers have ignored.

The segment that isnt prepared to pay huge sums for its

jewellery, yet wants a product that is among the very best

in terms of design and quality. A segment that didnt want

a product that could only be worn at formal occasions but

could become a part of their everyday lives.

Thanks to these market leaders, diamonds are today enjoying

a vibrancy and relevance with the younger Indian woman.

They have maintained their raried status, yet have becomepart of everyday fashion. Diamonds have gone to work; they

have gone to play and they have just casually gone out for the

day. Diamonds at denim prices have revolutionized the way

jewellery is viewed and bought in India.

As though to underscore the point made by our cover

story, another trend indicates that the Indian consumer

is also not all that gold-mad any more. The yellow metal

cannot take demand for granted any more not even

during a festival that was strongly promoted by both the

retail community as well as the World Gold Council as

being purpose-designated for the purchase of gold. Thefact that Indians are quite willing to buy other precious

materials like platinum during Akshaya Tritiya indicates

that the move away from simply an investment motive

and toward a more design- and fashion-oriented purchase

impulse is steadily reshaping the jewellery retail landscape

in the country.

This issues major stories are a chronicle of the evolution in

jewellery buying in India. idEX

ChroniClEs of ChangE

byVINoD KurIyAN

t


6/60

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WHAT MODERATED IN MARCH?

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www.idexonline.com/Research/U.S.Jewelr50


8/608 IDEX MAGAZINE INDIA RETAIL | NO 19: MARKET REP

MUMBAIDIAMOND MARKET

REPORT

by VINAY PAREKH

WEAK & VOlATIlE RUPEE

SlOWS TRADE, VEgAS, HONg KONg

SHOWS OffER HOPE

he predominant concern in the Mumbai diamondmarket at the time of reporting was the extremely

weak rupee and one that had signifcant uctuations

in value on an almost daily basis. This, coupled with the

low level of demand from the domestic markets, had the

effect of slowing transactions considerably. Adding to

the slowdown was the fact that the diamond industry was

already in advanced stages of shutting down for the summer

vacations.

At the time of reporting, however, there was a fair bit ofoptimism as dealers felt that the upcoming Las Vegas and

Hong Kong trade shows would lift demand and get the

market moving again. Demand from the US has been steady

and growing, while China demand, despite frequent worries

from market gurus, has also been good on average.

Shortages of goods persist as before and have had the effect

of steadying prices. IDEX

T


9/60IDEX MAGAZINE INDIA RETAIL | NO 19: MARKET REPORT

-0.01 (-2 ) Good demand for SI2-I1 goods.

Fair demand for VVS-VS/J+ goods.

Overall demand & prices will be soft.

Availability of goods will improve.

-0.02 (+2-6.5) Very good demand for white SI2-I2 goods.

Good demand for VVS-SI/I-K col.

Fair demand for white VVS-VS goods.

Steady demand & prices are expected.

Shortages will be seen in SI category.

0.03-0.07 (+6.5-11) Good demand for SI2-I1 whites & VS-SI/I-K

col. Fair demand for VVS/VS goods.

Overall demand & prices will remain soft.

Demand will be mainly for +6.5-8 sieve.

0.08-0.14 (+11-14) Good demand for SI & piqu goods.Fair demand for VVS-VS/J+ goods.

Demand & prices will remain stable.Shortages in piqu goods will be seen.

0.30(1/3) Good demand for VS-SI goods.Fair demand for piqu goods.

Demand for SI goods will remain strong.Shortages in SI goods will be seen. Prices

will remain firm.

0.50(1/2) Good demand for VS-SI/J+ goods.

Fair demand for I1/I2.

Overall demand will remain good, prices will

remain firm.

0.75(3/4) Good demand for +0.90 cts. VS-SI+/F-J col.

Fair demand for I1-I2/J+.

Demand & prices for VS-SI /+0.80 cts.will

remain strong. Shortages will be seen for+.90 cts.

1.00(4/4) Good demand for SI & piqu goods.

Fair demand for VVS/VS/F-M col.

Overall demand will remain good, prices will

remain firm.

0.15-0.17 (+14-15.5) Good demand for SI & piqu goods.

Fair demand for VVS-VS/J+ goods.

Demand & prices will remain stable.

Shortages in piqu goods will be seen.

0.18-0.22 (1/5) Fair demand for SI goods. Overall demand & prices will remain soft.

0.23-0.29(1/4) Fair demand for SI goods. Overall demand & prices will remain soft.

0.40(3/8) Good demand for VS-SI goods.

Fair demand for piqu goods.

Demand for SI goods will remain strong.

Prices will remain firm.

+3.00 Fair demand for VS-SI/G-K col. Overall demand & prices will remain soft.

MUMBAI DIAMOND TRADING IN APRIL

Size in Carat(Sieve)

Comments Forward Call


10/60

by Vinod Kuriyan

MEMO

10idEX MaGaZinE

INDIA RETAIL|

NO 19: SPECIAL REP

SPECIAL REPORT

old buying over Akshaya Tritiya is rooted in tradition.

The festival is an auspicious occasion for the purchase

of the yellow metal. In tough times, jewellery retailers have

depended on the festival to lift sales and help get static

inventories of gold product moving. Jewellery retailers

from around the country reported that this did happen to

some extent. A signicant development, however, has been

that Indian consumers have indicated that it isnt gold alone

that benets from the auspicious nature of Akshaya Tritiya.

They have been buying increasing amounts of platinum

jewellery.

Indians have usually bought gold and gold jewellery to

auspiciously begin a year of plenty at Akshaya Tritiya. It is

believed that on this day white is auspicious and of special

signicance as it symbolizes purity, hence white payasam

(kheer) jasmine owers, kolam or even white vessels are used

for puja. This has worked in platinums favour. According to

the Platinum Guild International (PGI), Indian consumers

G

AkShAyA TRITIyAS WhITE TInT

PLATInuM MAkES InROAdS InTO WhAT WAS OnCE

ThE SOLE PRESERvE Of GOLd

Platinum Mahalaxmi Yantra coin.


11/60idEX MaGaZinE

INDIA RETAIL|

NO 19: SPECIAL REPORT

of consumers opting

to buy platinum

jewellery, he notes,

adding, We saw a

50 percent growth in

the sales of platinum

jewellery during the

festival as compared

to last year. This year

consumers preferred

buying platinum rings,chains and pendants.

Last year, they bought

platinum rings and

navaratna pendants.

From Baroda in Gujarat,

Paresh Soni, Managing

Director of C.H. Jeweller states

that the demand for platinum over

Akshaya Tritiya has been growing over

the past two years. We have witnessed an

approximate growth of 40 percent in platinum sales over

the festival in the last year alone, he notes. He adds, Mostof the jewellery that has been sold is in the Rs.25,000-

Rs.45,000 price range. Rings and pendant sets have been

predominant.

Suvankar Sen, Managing Director of Senco Gold in

Kolkata, says, Platinum enquires have grown considerably

this year with the consumer asking for platinum coins and

jewellery specically this Akshaya Tritiya. Most of our

appreciate the fact

that platinum is a

precious metal, and

has pure and eternal

white properties

that tie in with the

festival. And while

many consumers

always look for the

brand of their choice

for jewellery, as itprovides reassurance,

during Akshaya Tritiya,

many also go to their

traditional family jeweller

to buy their jewellery.

The fact that platinum jewellery

is fabricated from 95 percent pure

platinum is another factor that goes toward

boosting its choice as a pure metal a piece

of jewellery fabricated from 18-karat gold contains only

75 percent of the yellow metal. Platinums natural colourneither fades nor tarnishes.

The Indian consumer has obviously bought into those

attributes. The big story is that platinum jewellery sales over

Akshaya Tritiya have grown exponentially when compared

to last year. From Chennai, Anantha Padmanabhan,

Managing Director of NAC Jewellers, conrms the growth

story. Of course, this Akshaya Tritiya, we have seen number


12/60

12idEX MaGaZinE

INDIA RETAIL|

NO 19: SPECIAL REP

Raima Sen launching Shuddhi Jewels Swarna Mangaland Shagun jewellery savings scheme plans.


13/60


14/60

14idEX MaGaZinE

INDIA RETAIL|

NO 19: SPECIAL REP

While the Festival of Gold exhibition in Delhi has become

a feature that is hosted twice a year (around Akshay Tritiya

and Diwali), MMTC has also taken its agship event to

other cities like Mumbai, Goa, Kolkata, Bengaluru and

Chennai.

But the high price of gold had an impact on overall sales

around the country according to various press reports.Analysts estimate that gold sales at Akshaya Tritiya this year

were only 10 tonnes half the amount sold last year. This

is of signicance when one compares it with the huge gains

made by platinum in terms of sales at the festival.

Colin Shah, Managing Director of Kama Schachter, the

jewellery manufacturer that recently moved downstream

into branded retail, afrms that platinum is surging as the

metal of choice for Indian jewellery consumers and that it

has made strong inroads into the socio-religious Akshaya

Tritiya market. He observes, According to industry

insiders, the share of platinum jewellery in the overall

diamond jewellery has increased signicantly over the

past one year and is likely to reach between 25- and 30 per

cent of total diamond jewellery sales this year. The surge

of urbanization and rapidly growing middle class in Indiahas taken Indian consumerism to new heights, particularly

in the platinum jewellery sector. Platinum jewellery has

successfully managed to merge itself into the various

gifting traditions.

It is clear that Akshaya Tritiya, billed as the festival of gold

all these years, is denitely gaining a distinct white tint.

IdEX

The surge of urbanization and rapidly growing middle class in India has taken

Indian consumerism to new heights, particularly in the platinum jewellery sector.Platinum jewellery has successfully managed to merge itself into the various

gifting traditions.

Platinum Akshaya Pathram


15/60

etermining the price of polished gems is different

for diamonds and coloured gemstones. Diamonds

are all about the 4Cs (Colour, Cut, Clarity and Carat weight),

but gemstones are about the where.

The origin of a diamond can make a difference politically

we will discuss this further down but in the marketplace,

the origin of a coloured stone often contributes as much to

its value as colour and clarity.

The premium origin for ruby is Burma/Myanmar, more

specifically the Mogok region, which has been a source

for more than a thousand years. Mogok rubies display the

highly prized pigeons blood that commands top prices

Din world gem markets. The Burma tag is so prized that

lesser-colour rubies from Mong Hsu carry a premium over

comparable (and sometimes better) quality rubies from

other sources.

The story is much the same with sapphire, Burma again

taking the top premium for newly mined material. The

legendary Kashmir sapphires, mined more than a century

ago in the Himalayan region of their namesake, can

command extreme prices, especially if they show the

distinctive velvety cornflower blue colour.

Meanwhile, emeralds from Colombia, especially Muzo,

command premiums over all other sources.

While these distinctions have guided the gemstone marketfor more than a century, gemmologists have only recently

been able to link gemstones to their sources with a high

degree of accuracy. Prior to this, it was a common practice

in the trade to mix the production of a lesser-regarded

locale that resembled Burmese or Colombian material with

stones from Burma and Columbia to obtain higher prices.

In short, identification was based on a certain look of a

stone, without any scientific basis.

While the market continues toplace premiums on certain origins,

a significant faction within the

coloured gem trade believes that

the beauty of a gemstone should be

the sole deciding factor in price.

DiamonD anD Gemstone oriGins:

Premiums anD Politics

By RUSSELL SHOR


|NO 19 SPOTLIGHT

sPotliGht


16/60

GIA researchers,

howeve r , h ave

culled information

from many thousandsof s tones from every

known source and created an

extremely advanced testing system

to identify properties unique to each

source. Today, GIA uses this database of information to

determine country-of-origin on its coloured stone grading

reports by evaluating many factors, including distinctive

inclusions, trace element chemistry, spectral characteristics

and internal growth structures. In many cases, these factors

are related to the type of rocks that host the gem crystals.

Country-of-origin determination can become challenging

for gem-testing laboratories when very similar hostrocks and their associated gem crystals occur in different

countries.

The large database is necessary because of the vagaries of

nature many, but not all, stones from a certain location

will show distinctive inclusions, have a unique spectral

signature and contain trace elements not found in material

from other areas. Some tests, such as determining trace

elements within a stone without destroying it, require

analytical instruments and technology that did not exist

a decade ago. Further, treatments can alter some of these

tell-tale characteristics.

While the market continues to place premiums on certain

origins, a significant faction within the coloured gem trade

believes that the beauty of a gemstone should be the soledeciding factor in price.

Country-of-origin for diamonds carries more of a political

concern than market value. There is no premium for

diamonds coming from South Africa, Russia, Canada or any

other source, with one exception: Indias Golconda mine,

which closed more than a century ago and was the source

of rare Type IIa diamonds of exceptional transparency.

The premium origin for ruby is Burma/Myanmar, more specifically the

Mogok region, which has been a source for more than a thousand years.

Mogok rubies display the highly prized pigeons blood that commands

top prices in world gem markets.

16IDEX MAGAZINE

INDIA RETAIL|

NO 19 SPOTL


17/60

Unlike coloured gems, however, there is no reliable way to tell

the origin of diamonds once they are polished. As a result,

diamonds become anonymous once they enter the system.

Recognizing the reputational concerns that might arise

from Marange-produced diamonds, some US retailers

and wholesalers demand their suppliers not trade such

goods, while producers established dedicated mined, cutand polished brands to ensure that stones come from one

single, trusted source.

Retailers and wholesalers should ask their suppliers if they

adhere to best business practices regarding ethical sourcing

of diamonds and gemstones, and request that they not

source gems from controversial areas such as Zimbabwe.

Members across the gems and jewellery value chain should

educate themselves about diamond and gemstone origins

in order to better answer questions from customers and

clients and to make more informed business decisions.

The Indian gem and jewellery industry has direct access to

GIA Identification and Origin reports and GIAs world-

renowned gemmology courses through the GIA India

Laboratory and Education Centre in Mumbai. iDeX

Since the late 1990s, civil wars and other conflicts in Africa,

primarily in Angola and Sierra Leone, spurred efforts to

block the trade of rough diamonds that were used to fund

those conflicts.

Because of the purity of diamonds and the conditions

of their formation deep in the earth, it is not possible todetermine the geographic origin of diamonds based on

their chemical composition or other properties. The trade,

therefore, decided upon a system that would track diamonds

from the mine through manufacturing and then retail sales.

The result was the Kimberley Process (KP), a treaty-like

agreement between nations that required certificates that

verified diamonds were mined and exported by legitimate

organizations.

The KP helped reduce the flow of ill icit diamonds to

less than one percent, but its role as a regulator came into

question three years ago when a new source the Marangedeposit in Zimbabwe was developed. The Zimbabwe

government forcibly evicted thousands of miners who had

settled into the area, killing a reported 180 or more, causing

worldwide pressure to ban stones from that area. Although

the KP ultimately approved exports from Zimbabwe, a

stigma remains on those diamonds.

The value of many coloured gemstonesdepends on their origin

An example of a GIA Sapphire Origin Report. The Geographic Origindetermined for this particular stone is Burma (Myanmar).

Russell Shor is a senior industr analst with the GemologicalInstitute of America

Image GIA


|NO 19 SPOTLIGHT


18/60


19/60

reTail eTceTera


|NO 19: RETAIL ET CETERA

rinGinG in The chanGeSwHile rinGS cOmmemOrate enGaGementS, weDDinGS anD SPecial OccaSiOnS,

SOmetimeS tHey are wOrn "juSt becauSe." tHiS mOntH, iDeX maGaZine taKeS a

lOOK at tHe lateSt rinG DeSiGnS. tHereS bOunD tO be SOmetHinG Here tO Suit

eVery FinGer.

neW arTjewellery by maSriera

The Art Nouveau collection from Masriera consists of

fairies, nymphs, flowers and dragonflies. These angels are

made from 18 karat yellow gold with red enamel. The

angels offer a brilliant cut diamond or a pink tourmaline.

Truly, a gift from the gods.


20/60

20IDEX MAGAZINE

INDIA RETAIL|


The Dolce Vita range from Al Coro radiates sensual

elegance. Countless brilliant cut diamonds lie wave-like on

a soft bed of 18 karat pink gold. The diamonds flow into

one another in nely nuanced shades of white and brown.

The rolling pav that results is like the glittering surface of

water on which the rays of the evening sun are reflected.

The GOOD liFe

jewellery byal cOrO

Edgy is not usually synonymous with eco-friendly, but

LA-based designer Vanessa Leu proves that jewelry can

be both green and stylish. Each of her pieces is made

with conflict-free diamonds, eco-conscious materials and

reclaimedmetal. In addition, a portion of the proceeds is

donated to select charities benetting the community.

jewellery by VaneSSa leu

The eDGe


21/60IDEX MAGAZINE

INDIA RETAIL|

NO 19: RETAIL ET CETERA

Calvin Klein may still be most well known for its jeans,

but the companys jewelry collection is not to be missed.

The Astound collection combines polished stainless steel

with either black or white crystal minerals. Each of the

three bands in the ring sets can be worn individually, as a

pair or stacked up high. The collection includes a necklace,

bracelets and earrings.

jewellery by calVin Klein

all in The JeanS

The eye-ca tching movement of the Meister Girello

rotating rings ignites a dazzling display on the hand of the

wearer. The rings are mounted on miniscule ball bearings,

which let the outer ring rotate smoothly around an inner

ring with virtually noiseless ease and precision. The rings

are crafted in platinum and yellow and red gold.

jewellery by meiSter

rOll Over

Forget precious metals,Furrer Jacot offers a new, innovative

carbon ring collection. The pieces are individually crafted

and nished in Switzerland. The carbon bres are wound

by hand on every ring, giving each one its own particularly

attractive texture. While the rings make ideal wedding

bands, they are also fashion forward enough to be worn

just because.

jewellery by Furrer jacOt

carBOn cOPy


22/60

22IDEX MAGAZINE

INDIA RETAIL|

NO 19: RETAIL ET CETE

Damianis iconic Gaiacollection has been reinterpretedas the Gaia Fancycollection. The rings are composed of

three to ve rows of gemstones and diamonds, set in gold.

The combinations include amethysts and blue topaz set in

white gold, quartz fum and brown diamonds set in pink

gold and yellow gold with fum, citrine quartz and peridots.

Fancy ThaT!

jewellery by Damiani

Adami & Martucci specialize in silver jewelry. In the Seta

collection, a single silver wire wraps the surface of the

jewel, creating the effect of rare elegance and special tactile

perception. It is, says the company, a valuable collection for

the woman who relishes the pleasure of owning a unique

and handmade jewel.

SilverSmiThS

jewellery by aDami & martucci


23/60IDEX MAGAZINE

INDIA RETAIL|


jewellery by bellOn crateur

PreTTy in PinK

French company Bellon Crateur has been creating

jewelry since 1907. This experience and know-how shines

through in the design of these rings, which feature pink

sapphires. Talk about looking pretty in pink.

Time after time, Roberto Coin manages to producesomething out of the ordinary, and these rings are no

exception. The iguana, from the Animaliercollection is

made of black gold with brown diamonds, orange

sapphires and natural green garnet. The limited edition Bull

collection combines white and rose gold with white and

black diamonds. Finally, the limited editionEaglecollection

ring is made of white and yellow gold, with colorless, black

and brown diamonds and yellow sapphires.

TOTal anima l

jewellery by rObertO cOin


24/60

Three unique products highlight the beauty of nely

crafted and minutely detailed pieces.

The Nakshatra Vivaah Collection includes a diverse range

of creations, illustrating the changes in design styles and

techniques in Nakshatra creations.

Finely craFTeD DeTail

Stunning earrings that show elegant diamond pav on one

side, and playful ligree on the other. 1.25 carats of diamonds

in 8.90 grams of gold

Beauty meets brilliance in this flower full of radiance.

0.12 carats of diamonds set in 3.80 grams of gold.

Each stone tells its story. Each one shines in its glory. 0.88

carats of prong-set brilliants in 3.5 grams of gold

24IDEX MAGAZINE

INDIA RETAIL|


jewellery by uni-DeSiGn


25/60IDEX MAGAZINE INDIA RETAIL | NO 19: RETAIL ET CETERA

BIG DESIGN ON A TINY SCALEBY DANIELLE MAX

ne of the most eye-catching brands on display at

this years Baselworld show was SICIS Jewels. Taking

inspiration from its 25 years of experience in the sphere of

mosaics, SICIS decided to downsize and create fabulous

mosaics on a mini scale. IDEX Magazine editor-in-chief

Danielle Max put some questions about this evolution

in the companys history to SICIS president Maurizio

Placuzzi.

Danielle Max: Why after years of working with mosaics

did you decide to launch a jewelry brand?

Maurizio Placuzzi:I started looking into micromosaic

vintage jewelry 25 years ago for my own private and personal

pleasure. Even then, it was hard to find micromosaic

jewelry and one famous guy, Gianni Versace, would always

anticipate my visits to antique stores, buying whatever was

available. I couldnt compete with him, so I decided to

O discontinue my collection and gave up the idea of being abig collector of micromosaic vintage jewelry.Three years ago, however, I was looking for a new challenge.

I remembered my old dream, and I started the current

venture.

How much were you influenced by previous incarnations

of micromosaic jewelry traditions and designs, and howmuch is SICIS creating its own design tradition?

SICIS, established in Ravenna in 1987, has long been an

innovator and incubator of extremely versatile ways of

using mosaics. We adorn the most beautiful houses and

hotels in the world.

From mosaics, we expanded to artistic projects, such as

one-of-a-kind art works, sculptures, portraits reinterpreted

Images: SICIS Jewels

Trend Report


26/60

in mosaic, and then to furniture with our high end Next

Art collection. Then the jewelry adventure started with

inspiration from the past, of course.

The art of micromosaic jewelry, which was enjoyed by

people such as Marie Louise of Austria, Paolina Bonaparte,

Carolina Bonaparte and Catherine II of Russia, disappeared

over the centuries because no artists had the ability and skill

to develop this art.

SICIS welcomed the challenge [of resurrecting the skill]

and after years of research, trial, considerable expense,

moments of high optimism followed by disillusionment

and the agony of countless wakeful nights, we were finally

successful.

How long does it take to create the jewelry?

It is vital not to consider micromosaic technique as being

museum-like or with fixed elements, but to view the mastery

as a contemporary skill, capable of competing with otherinnovative methods that we use today. SICIS has lightened

a technique reputed for being heavy-handed and difficult

to manage making it versatile, capable of working on all

surfaces and enlarging the possibilities.

Consider however, that every square centimeter has an

average of 15,000-35,000 tesserae of gold and precious

stones so you can imagine how long and accurate the

whole micromosaic work is.

This first collection was heavily inspired by nature and

the animal world. Is that a motif that will continuein the future or are you looking elsewhere for future

collections?

The historic content of the research behind SICIS Jewels

formed the basis for the presentation of the collection we

presented at Baselworld. Many of our motifs recall flowers,

animals and other natural elements, but micromosaic is so

flexible and allows us to reach such a variety of patterns and

shades that any shape is possible. Some of Roger Thomas

designs are very architectural and more geometric [The

renowned interior designer created some of the pieces

for the inaugural collection.]. SICIS Jewels wont cease to

surprise with new forms and designs in future collections.

What are the limits of what can be achieved with

micromosaic?

We have the ability, ideas, creativity, production and finances

to climb over the peak of the jewelry industry. SICIS is

paving new artistic paths, reinterpreting micromosaics

from an absolutely original tradition; transmitting ancient

emotions into a contemporary object through innovative

26 IDEX MAGAZINE INDIA RETAIL | NO 19: RETAIL ET CET

techniques, some of which have been created exclusively

by SICIS.

As for the limits, SICIS has always been characterized by

a strong imagination and creative/technological power

and know-how, not to mention its open-mindedness and

attitude to challenging projects We like to say that the

sky is our limit.

What was the response to the launch at Baselworld?

Where else will people be able to see you?

Baselworld was very exciting for SICIS. We started the first

day of Baselworld as beginners and over the next few

days of the fair, we were acclaimed as displaying grandeur

in the tiniest of things, bringing a fresh air to the jewelry

industry.

Our jewelry was appreciated because of the original

element, new to the market but ancient in history, it adds to

high-quality jewelry.

After presenting our SICIS jewels collection at Couture in

Las Vegas, SICIS Jewels will open a showroom in the Paris

fashion district (Rue Francoise Premiere 41). We will also

launch the collection in our showroom in Soho, New York

in September 2012, to be followed by Tokyo. The jewelry

will also appear in other selected department stores and

shops around the world very soon. IDEX


27/60


28/60


29/60

Disclaimer: This Diamond Retail Benchmark India (DRB) is an informational and educational tool for diamond consumers. Organized around the the 4Cs - Carat, Cut, Color & Clarity - the DRB India is bas

market data from the diamond trading centers Worldwide and market research assessment of customary retail mark-ups. Endorsed by the All India Gem & Jewelry Trade Federation (GJF), as well as the World Fed

of Diamond Bourses (WFDB) The DRB should be used as background information only. Actual diamond sale prices may be dier compared to this benchmark, depending on demand and supply at time of transa

source of the diamond certicate; uorescence; cut specications; payment and other terms of business; foreign exchange rates; special stones and other business considerations. This is published jointly by Th

India Gems and Jewellery Trade Federation (GJF), a tra de body headquartered in Mumbai, and IDEX, a diamond research house headquartered in Tel Aviv Israel, with a view of unbiased ser vice to the consumer

IF VVS1 VVS2 VS1 VS2 SI1 SI2 SI3 I1 I2 I3

D 245850 225372 217180 162643 158439 141625 120608 95010 77765 64777 51843

E 192067 183660 179457 150032 141625 116404 107997 86387 69142 56154 47532

F 187864 175253 171050 145829 133218 107997 99375 77765 69142 56154 47532

G 162643 158439 154236 137422 129015 99375 95010 73453 69142 56154 47532

H 158439 154236 150032 133218 124811 90698 82076 69142 64777 51843 43221

I 154236 150032 137422 124811 99375 82076 73453 64777 60466 51843 43221

J 141625 137422 116404 95010 82076 73453 69142 60466 56154 47532 38855

K 1 07 99 7 9 9 37 5 8 63 87 7 77 65 6 91 42 6 47 77 6 04 66 5 61 54 5 18 43 4 32 21 3 45 44

L 8 63 87 8 20 76 7 77 65 7 34 53 6 47 77 6 04 66 5 61 54 5 18 43 4 32 21 3 45 44 3 02 33

M 8 20 76 7 77 65 7 34 53 6 91 42 6 04 66 5 61 54 5 18 43 4 75 32 3 88 55 3 02 33 2 16 10

N 7 34 53 6 91 42 6 47 77 6 04 66 5 61 54 5 18 43 4 75 32 4 32 21 3 45 44 3 02 33 2 16 10

Round0.1

8-0.2

2


D 283951 231677 223486 190666 178379 149332 145128 107297 94686 73453 60466

E 231677 211145 202953 178379 170188 145128 132518 94686 90483 69142 51843

F 227581 207049 198858 174283 166092 140925 124111 90483 86279 64777 51843

G 211145 190666 182475 166092 149332 136721 115704 86279 82076 64777 51843

H 186570 182475 178379 153535 145128 132518 103093 82076 77765 60466 47532

I 174283 170188 161942 140925 124111 115704 98890 77765 69142 60466 47532

J 170188 157739 124111 103093 94686 90483 82076 73453 64777 56154 43221

K 1 28 31 4 1 15 70 4 9 88 90 8 62 79 8 20 76 7 77 65 7 34 53 6 47 77 6 04 66 5 18 43 3 88 55

L 1 03 09 3 9 4 68 6 8 62 79 7 77 65 7 34 53 6 91 42 6 47 77 6 04 66 5 18 43 4 32 21 3 45 44

M 9 46 86 9 04 83 8 20 76 7 34 53 6 91 42 6 47 77 6 04 66 5 61 54 4 32 21 3 45 44 2 59 22

N 8 62 79 8 20 76 7 34 53 6 91 42 6 47 77 5 61 54 5 18 43 4 75 32 4 32 21 3 45 44 2 59 22

Round0.4

5-0.4

9


D 484695 384404 331968 309226 225426 206025 202091 198157 166631 130524 93609

E 376967 328142 282712 252317 209905 182529 178595 174607 142595 93609 81106

F 354495 320597 271341 225426 206025 174607 150625 138607 126805 81106 68657

G 305400 282712 256144 213839 198157 170619 146583 134620 114518 77064 68495

H 286484 259970 233132 202091 186409 166631 142595 130524 110423 73130 64454

I 282712 221599 206025 182529 166631 158601 138607 126428 102231 72861 64454

J 213839 206025 190343 166631 150625 142595 130524 122332 93878 68495 55885

K 186409 178595 166631 158601 142595 138607 126428 118237 81268 64292 51681

L 162589 158601 154613 146583 138607 134620 105896 101800 76902 55885 47478

M 158601 146583 134620 130524 122332 118237 101800 85309 68495 55885 43221

N 142595 138607 126428 122332 118237 101800 93609 81106 68495 55885 43221


D 680912 524844 456241 405098 364572 301358 244934 233563 191744 180211 125243

E 510455 445301 419703 375620 327549 275167 225965 214594 176385 152942 105195

F 441636 408763 386721 357135 312567 252479 214594 207049 172505 129230 92908

G 427032 379338 357135 327549 278886 229791 195570 191744 164691 117213 88812

H 386721 357135 327549 286376 252479 214594 191744 187864 156876 109237 80621

I 331268 308795 271395 252479 233563 187864 176385 172505 145128 101099 80621

J 263850 248707 233563 218420 195570 172505 168625 164691 137206 92908 76525

K 225965 210821 203223 172505 164691 160757 152942 149008 129230 88812 68226

L 203223 184038 172505 164691 156876 149008 141194 137206 125243 72429 55615

M 184038 172505 160757 156876 152942 141194 129230 125243 117213 72429 55615

N 180211 168625 156876 149008 145128 133218 125243 105195 88812 68226 55615


D 330405 268431 237012 205001 185008 152242 148146 135859 119368 94147 68926

E 280179 241000 213031 192983 172720 148146 135859 131763 119368 85740 64723

F 252748 221007 201013 176816 168625 144050 131763 127668 119368 73130 56154

G 217019 205001 192983 168625 156338 139955 127668 123572 110961 73130 56154

H 192983 185008 180912 160433 152242 135859 119368 115165 98351 73130 56154

I 176816 172720 164529 144050 135859 127668 115165 106758 94147 68926 51843

J 172720 160433 139955 127668 119368 115165 110961 98351 81537 60466 47532

K 144050 139955 127668 119368 110961 102554 94147 89944 77333 56154 43221

L 127668 119368 115165 110961 106758 98351 81537 73130 64723 51843 38855

M 110961 106758 102554 98351 94147 85740 73130 60466 51843 38855 30233

N 1 06 75 8 10 25 54 9 83 51 9 41 47 8 99 44 6 47 23 5 61 54 5 18 43 4 32 21 3 45 44 2 59 22

Round0.3

0-0.3

9


D 368129 315100 277053 261694 211145 175415 167385 163397 139092 106327 77064

E 303729 284706 261694 238521 199396 171373 147284 139092 126805 85740 72861

F 284706 253988 230707 211145 191421 167385 143188 134997 126805 77064 68657

G 261694 234641 222893 207211 187379 163397 139092 130901 114518 77064 64454

H 238521 230707 211145 195408 179403 159409 134997 122710 110423 73130 64454

I 226773 195408 187379 167385 163397 147284 130901 118614 102231 72861 64454

J 187379 175415 167385 155368 139092 126805 122710 110423 93878 64454 51843

K 175415 159409 151380 143188 134997 122710 106327 93878 81268 60250 47532

L 159409 151380 147284 139092 126805 114518 98081 81268 68657 51843 43221

M 151380 134997 126805 122710 114518 102231 81268 64454 56047 43221 34544

N 126805 122710 118614 114518 110423 93878 77064 60250 56047 43221 34544


D 801035 622764 566501 524251 481839 403266 341561 308633 260509 185331 125243

E 650841 545376 506629 478282 442714 377991 316016 286430 234318 185331 120015

F 559496 506629 467665 457049 403266 359884 301250 275329 226827 185331 120015

G 499569 467665 449881 399655 367105 319627 286430 271664 219336 170134 116081

H 488952 435546 399655 367105 337950 304915 260509 245527 208019 162589 108159

I 388823 367105 348890 326956 308633 264227 226827 211845 185331 123895 88166

J 297532 290149 286430 256736 245527 230545 200474 196702 170134 108159 84124

K 245527 241809 226827 204247 196702 181505 162589 158709 147230 88812 68226

L 226827 208019 204247 181505 173960 166361 151056 147230 125243 80028 67741

M 219336 204247 189103 170134 166361 162589 135643 131763 117213 80028 67741

N 192876 189103 177732 166361 162589 158709 131763 116081 96141 71837 59549

Round0.7

0-0.7

9


D 978174 722893 639254 579812 534221 428487 378638 339028 277107 195301 125243

E 757599 635805 562298 530718 477905 403643 353471 306316 247521 185331 123141

F 656715 604333 516652 502533 446163 385805 324585 295376 236419 185331 123141

G 558795 523658 481408 439103 407200 349860 295376 280718 221492 172613 119261

H 502533 491970 446163 403643 367913 328196 277107 258623 214001 162589 108159

I 431990 407200 396529 357081 339028 284382 247521 240084 202792 123895 95656

J 339028 320920 317310 280718 266006 243803 228983 217719 172613 111393 87681

K 277107 262287 254904 228983 214001 187810 176439 172613 147230 91668 71621

L 266006 225210 221492 191528 183984 172613 161296 153697 125243 83693 67741

M 254904 214001 210282 180211 176439 168840 153697 149925 117213 80028 67741

N 225210 202792 195301 176439 172613 165068 146098 126967 103578 71837 67471

Prices are in Rupees Per Carat Powered by w ww.idexonline.com

JUNE 1st 2012

THE DIAMOND RETAIL BENCHMARK INDIADIAMOND RETAIL BENCHMARK FOR POLISHED DIAMONDS

JUNE 1st 2012


30/6030

Prices are in Rupees Per Carat Powered by w ww.idexonline.co

JUNE 1st 2012


D 1299795 1043921 894104 735934 611069 548286 457049 407739 322376 220091 137530

E 989653 935115 811759 645829 576202 520209 442930 379446 315100 212707 129931

F 941906 798017 715186 583154 562244 478174 414745 358159 315100 190289 123141

G 839297 708288 604117 527269 499192 449989 386506 336710 286215 190289 122279

H 611069 590160 555238 506197 471114 407739 372332 329543 264281 182798 114626

I 576202 506197 464109 442930 407739 358159 329543 286215 220091 129931 99052

J 499192 435924 421804 379446 343824 315100 293436 271556 182798 122279 91237

K 307879 300657 293436 286215 278886 264281 234857 227474 160218 114626 83315

L 271556 264281 256952 249623 242240 227474 205271 197780 129931 99052 83315

M 256952 249623 242240 234857 220091 205271 167816 152673 129931 99052 83315

N 249623 205271 197780 190289 182798 167816 160218 145074 114626 91237 75286

Round0.9

0-0.9

9


D 2024035 1435439 1309011 1054753 893134 653966 536269 487443 382302 276029 158655

E 1415499 1268970 1034652 899871 777484 605626 515359 459528 375296 247144 143727

F 1208827 1014551 865973 832022 695247 584878 487443 452522 361177 232539 143727

G 960714 872764 818388 695247 640170 550172 452522 431505 354171 217935 128584

H 797963 763796 688403 626374 577926 508407 445516 396422 332992 203277 120985

I 653966 640170 577926 536269 522365 459528 403427 382302 318819 195840 120985

J 536269 529317 508407 473540 452522 403427 375296 332992 268808 158655 113440

K 480491 466534 438510 410487 396422 347111 311759 290364 225264 128584 113440

L 396422 382302 361177 354171 325878 304645 276029 261587 217935 128584 105788

M 340052 332992 311759 290364 276029 254365 232539 225264 203277 128584 98135

N 332992 325878 297478 283197 225264 217935 203277 181074 151218 120985 98135

Round2.0

0-2.9

9


D 3839082 2797963 2469444 2179241 1564885 1193900 892595 667816 541227 332022 172397

E 2701390 2482324 2127614 1849914 1389416 1095980 833315 654505 494395 304592 147392

F 2256629 2101800 1836980 1623302 1356866 1023981 793652 634566 447402 270047 143727

G 1804645 1610369 1415445 1278670 1187379 912373 760617 627937 433930 222570 128584

H 1415445 1298232 1226557 1128638 978066 872871 727527 614626 433930 222570 125350

I 1122063 1069789 1023981 892595 833315 734156 667816 561328 406930 200851 120985

J 892595 826687 787077 740731 674445 614626 561328 474240 325178 165337 117967

K 740731 734156 727527 654505 607997 554592 467558 427193 249246 129931 117967

L 601315 567956 541227 507814 474240 420457 393350 352554 228390 128584 112093

M 547909 507814 494395 467558 406930 366189 318334 290795 207480 128584 112093

N 487659 474240 460821 447402 366189 338866 297693 235396 200474 127129 104495


D 7044244 5144374 4313861 3430696 2821890 1857782 1231677 730438 605572 359830 183014

E 4703708 4301035 3648416 3020586 2468905 1567633 1225210 723917 585794 346411 162158

F 4038801 3622817 2879608 2520263 2218258 1451444 1134458 704247 565962 319573 162158

G 3257760 2699989 2436786 2205378 1844848 1302867 945894 691097 519616 292574 155152

H 2282550 2044514 1954354 1773981 1464378 1082507 887260 664852 512988 285837 148200

I 1715995 1612794 1496659 1425631 1179834 932906 802382 612147 439966 258623 148200

J 1412697 1270532 1238198 1134458 978498 789340 691097 539502 433283 231300 148200

K 1089028 1056532 1050011 932906 808957 710821 592369 479845 399978 176062 134188

L 789340 743587 737012 710821 658278 519616 446594 406661 339728 176062 134188

M 651649 645074 638500 585794 512988 446594 393296 326310 272257 176062 134188

N 539502 512988 473216 459905 366512 359830 319573 292574 238144 169110 127129


D 2131709 1554753 1336710 1090968 923960 694923 585687 530664 426708 279478 158655

E 1515197 1349914 1084285 937325 830028 640440 544406 496120 398847 258245 143727

F 1270371 1104279 923960 870285 735611 619961 523766 475372 384889 236905 143727

G 977474 910541 870285 735611 667709 592531 489222 447564 377883 222570 128584

H 816555 782927 694923 654074 599375 544406 468420 440612 363872 222570 120985

I 694923 654074 592531 558202 523766 468420 419756 405799 349860 200851 120985

J 565046 530664 523766 496120 461468 405799 377883 363872 307663 158655 113440

K 489222 468420 454516 419756 412751 356866 321783 293598 229737 128584 113440

L 426708 398847 370877 356866 342854 314723 286538 279478 217935 128584 112093

M 391841 377883 321783 314723 286538 272419 251186 236905 203277 128584 112093

N 370877 356866 314723 286538 229737 222570 208127 200851 171643 127129 104495

Round1.2

5-1.4

9


D 2489437 1833261 1644050 1395452 1145182 873356 686139 598728 483132 303352 169164

E 1774628 1591830 1362578 1211199 1032712 813322 652619 571675 448858 289394 147392

F 1526460 1349429 1204624 1085687 939804 793274 618991 537724 435115 261317 143727

G 1171589 1098944 1012826 946486 839998 726396 564885 517299 414475 222570 128584

H 973001 906607 853309 799957 746497 672720 537724 476288 393727 222570 125350

I 813322 786592 759862 706294 639146 578465 476288 462600 386829 200851 120985

J 679457 652619 625728 585202 544514 483132 435115 393727 317310 161942 117967

K 551304 530933 524143 496874 462600 407577 352123 310358 240246 128584 117967

L 462600 435115 421373 386829 379931 338273 303352 282388 217935 128584 112093

M 400625 386829 359075 338273 296400 282388 261317 247252 203277 128584 112093

N 386829 379931 352123 324316 275383 254311 247252 226126 190720 127129 104495

Round4.0

0-4.9

9


D 9223324 7360099 5495797 4099752 3134889 2007275 1376859 788478 658170 382033 201175

E 8104117 5737875 4029532 3608051 3006898 1698858 1325340 749461 612470 346411 162158

F 6431666 3952953 3403481 3179672 2635590 1621632 1293059 742940 599429 322214 162158

G 4903266 3179672 2885320 2667601 2116404 1422020 1118829 736419 546993 302166 155152

H 3742186 2398469 2295915 2097165 1776029 1325340 957264 664852 527323 295484 153104

I 2853309 1718150 1679511 1628045 1383326 1080082 872979 612470 487821 282119 148200

J 2180535 1486419 1312406 1222138 1131763 892434 775490 540418 435061 261964 148200

K 1370446 1254365 1144643 1034921 924876 762503 658170 481246 399978 194331 146206

L 1138230 1028454 879446 807987 742940 605950 501024 415176 342207 194331 139254

M 911888 782011 671265 625512 586333 527323 435061 375404 308849 194331 139254

N 684307 618991 553568 474671 395344 375404 348836 328842 268700 187487 139254


JUNE 1st 2012

Disclaimer: This Diamond Retail Benchmark India (DRB) is an informational and educational tool for diamond consumers. Organized around the the 4Cs - Carat, Cut, Color & Clarity - the DRB India is ba


of Diamond Bourses (WFDB) The DRB should be used as background information only. Actual diamond sale prices may be dier compared to this benchmark, depending on demand and supply at time of trans

source of the diamond certicate; uorescence; cut specications; payment and other terms of business; foreign exchange rates; special stones and other business considerations. This is published jointly by T

India Gems and Jewellery Trade Federation (GJF), a trade body headquartered in Mumbai, and IDEX, a diamond research house headquartered in Tel Aviv Israel, with a view of unbiased ser vice to the consumer


D 11078519 8191474 6061166 4483240 3310250 2172074 1543652 847920 685924 391949 205809

E 8433121 6531742 5247198 4374973 3233617 2165661 1434415 757275 620877 346411 165176

F 6431666 5100830 5075340 4056424 3125081 2159302 1408655 744341 601369 325878 162158

G 4903266 3265574 3259161 3220845 2869530 1979899 1395775 737821 594848 305939 155152

H 3742186 2837573 2690504 2594579 2248922 1517946 1202684 672936 536161 295484 153104

I 2853309 2409032 2312998 2095225 1922182 1363656 1099590 620877 496982 282119 148200

J 2180535 1928595 1890116 1530826 1485827 1144697 944762 549202 451121 266059 148200

K 1665661 1453654 1434415 1222031 1099590 841453 757275 490407 411727 212492 146206

L 1273550 1093124 957696 931828 802651 757275 614357 437972 352339 205809 139254

M 970576 828519 750808 711899 666415 594848 483887 398523 319196 205809 139254

N 744341 705378 640386 542682 444546 411727 385374 345710 285999 199073 139254


31/60


D 171050 154236 150032 129015 112201 99375 77765 60466 51843 43221 34544

E 13 32 18 1 2 48 11 11 64 0 4 9 9 37 5 9 50 10 6 91 42 6 47 7 7 5 18 4 3 4 75 32 3 8 85 5 3 02 33

F 12 4 811 10 36 8 6 9 9 37 5 8 20 76 7 77 65 6 47 7 7 6 0 4 66 4 75 32 4 75 32 3 8 85 5 3 02 33

G 11 22 01 9 9 37 5 9 0 69 8 7 77 65 7 3 45 3 6 0 4 66 5 18 4 3 4 32 21 4 32 21 3 45 4 4 3 02 33

H 1 03 6 86 9 5 01 0 8 6 38 7 7 3 45 3 6 47 7 7 5 18 4 3 4 75 32 3 8 85 5 3 8 85 5 3 02 33 2 59 22

I 9 50 10 8 6 38 7 8 20 76 6 91 42 6 0 4 66 4 75 32 4 32 21 3 45 4 4 3 45 4 4 3 02 33 2 59 22

J 9 0 69 8 8 20 76 6 47 7 7 5 18 4 3 4 75 32 3 8 85 5 3 4 54 4 3 02 33 3 02 33 2 59 22 2 16 10

K 6 0 4 66 5 18 4 3 4 75 32 4 32 21 3 8 85 5 3 4 54 4 3 02 33 2 59 22 2 59 22 2 59 22 2 16 10

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M 4 32 21 3 8 85 5 3 4 54 4 3 02 33 2 59 22 2 16 10 17 2 99 1 29 3 4 1 29 34 1 29 34 1 29 34

N 3 88 55 3 45 44 3 02 33 2 59 22 21610 17 29 9 12 93 4 8 62 3 8 62 3 8 62 3 8 62 3

Fancy

0.1

8-0.2

2


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G 145128 132518 128314 119907 111500 90483 82076 56154 56154 43221 34544

H 132518 124111 119907 111500 103093 86279 73453 51843 51843 43221 30233

I 11 99 07 1 15 70 4 1 11 50 0 9 8 89 0 7 7 76 5 7 3 45 3 6 91 42 4 75 32 4 75 32 3 8 85 5 3 02 33

J 111 50 0 9 4 6 8 6 8 6 27 9 6 91 42 6 47 7 7 6 0 4 66 5 61 54 4 32 21 4 32 21 3 45 4 4 3 02 33

K 8 6 27 9 7 77 65 6 91 42 6 47 7 7 5 61 54 5 18 4 3 4 75 32 3 8 85 5 3 8 85 5 3 45 4 4 2 59 22

L 6 91 42 6 47 7 7 6 0 4 66 5 18 4 3 4 75 32 4 32 21 3 8 85 5 3 45 4 4 3 45 4 4 3 02 33 2 16 10

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N 5 61 54 5 18 4 3 4 75 32 4 32 21 3 8 85 5 3 45 4 4 3 02 33 2 59 22 2 59 22 2 16 10 12 93 4


D 339513 252317 221599 209905 190343 174607 146583 138607 122332 101800 68495

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G 217773 182529 174607 166631 154613 122332 118237 97704 93609 60250 51681

H 190343 178595 150625 146583 134620 118237 101800 85309 81106 60088 47478

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L 1 05 8 96 1 01 80 0 9 3 6 09 8 53 0 9 8 11 06 7 69 02 6 8 49 5 6 4 29 2 4 74 78 3 8 85 5 3 02 33

M 1 01 80 0 9 3 60 9 8 53 0 9 8 11 06 7 26 9 9 6 8 49 5 6 4 29 2 5 58 8 5 4 74 78 3 8 85 5 3 02 33

N 9 36 09 8 53 09 8 11 06 76 90 2 6 8 49 5 6 0 08 8 5 58 85 5 16 81 4 32 21 3 88 55 3 02 33

Fancy

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F286376 233563 214594 207049 199396 172505 152942 145128 133218 88812 55885

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Fancy

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Fancy

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H 297532 267946 253018 249299 238036 215618 177732 170134 158709 104171 67741

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N 1 23 14 1 11 53 27 1 0 75 12 9 56 5 6 8 76 81 7 56 6 3 7 16 21 6 33 76 5 51 84 4 27 36 3 4 32 9


Disclaimer: This Diamond Retail Benchmark India (DRB) is an informational and educational tool for diamond consumers. Organized around the the 4Cs - Carat, Cut, Color & Clarity - the DRB India is bas


of Diamond Bourses (WFDB) The DRB should be used as background information only. Actual diamond sale prices may be dier compared to this benchmark, depending on demand and supply at time of transa

source of the diamond certicate; uorescence; cut specications; payment and other terms of business; foreign exchange rates; special stones and other business considerations. This is published jointly by Th

India Gems and Jewellery Trade Federation (GJF), a tra de body headquartered in Mumbai, and IDEX, a diamond research house headquartered in Tel Aviv Israel, with a view of unbiased ser vice to the consumer

JUNE 1st 2012


JUNE 1st 2012


32/6032


JUNE 1st 2012


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Fancy

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H 971492 773874 760617 740731 694331 547909 487659 386560 290795 158278 88058

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Fancy

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Fancy

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5-1.49


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Fancy4.0

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K 599429 592854 586333 579759 573238 566663 448265 322214 217558 139254 83208

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H 2562567 2312998 2120877 2076040 1826040 1292843 899547 457696 365542 199073 103201

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L 796185 659894 555723 542682 490407 451121 372171 252695 172020 144697 96195

M 594848 490407 437972 411727 372171 358967 285999 199073 172020 144697 89189

N 444546 411727 372171 319196 252695 239330 225911 192337 172020 137799 82184

Disclaimer: This Diamond Retail Benchmark India (DRB) is an informational and educational tool for diamond consumers. Organized around the the 4Cs - Carat, Cut, Color & Clarity - the DRB India is ba


of Diamond Bourses (WFDB) The DRB should be used as background information only. Actual diamond sale prices may be dier compared to this benchmark, depending on demand and supply at time of trans

source of the diamond certicate; uorescence; cut specications; payment and other terms of business; foreign exchange rates; special stones and other business considerations. This is published jointly by T

India Gems and Jewellery Trade Federation (GJF), a trade body headquartered in Mumbai, and IDEX, a diamond research house headquartered in Tel Aviv Israel, with a view of unbiased ser vice to the consumer


JUNE 1st 2012


33/60

haRd woRk pays off.m a n u f ac t u r e r im p o r t - e x p o r t p o l i s h e d d i a m o n d s i n a l l s i z e s a n d q u a l i t i e s

m a n u f a c t u r e r o f l a r g e s i z e s , r o u n d s a n d f a n c i e s , u p t o 2 5 . 00 c t s

schupstra at 1/7 2018 antwerpen belgium tel + 32 3 231 21 47 info@pinchas i.com www.pinchasi.com


34/60

34IDEX MAGAZINE INDIA RETAIL | NO 19: RETAIL ET CET

Facets

Rio TinTo

Honors D. navincHanDras sHanti MeHta

n honor of D. Navinchandra and Co.s participation

in the 26-year history of the Argyle diamond mine

in Australia, Rio Tinto Diamonds recently honored the

companys Shanti Mehta at a private event in Mumbai.

D. Navinchandra has played a pivotal role in the rich portrait

of people and places that have shaped the history of theArgyle mine and contributed to its reputation as a bold and

innovative company, said Jean-Marc Lieberherr, general

manager for the sales and marketing of Rio Tinto Diamonds.

Not only were they one of our first customers, they

were at the forefront of laser technology and played an

important role in establishing the manufacturing capability

for Argyle diamonds in India.

iLieberherr also paid tribute to Mehtas leadership and loyalty

in 1996 when Argyle commenced independent marketing,

and later for his support for the Argyle underground mine

development, which will extend the life of the mine until

at least 2019.

As the Argyle underground mine moves into its finalstages of construction, new chapters of the Argyle story

are being written. These chapters will most certainly

include India, where skilled workers are trained to unlock

the beauty of Argyle diamonds, factories have flourished

and a manufacturing and retail industry has made these

beautiful gems affordable to those who once only dreamt

of owning a diamond, said Lieberherr.

iDEX

n Mh d sh Mh, h w ld g f D. nhd


35/60

haRd woRk pays off.m a n u f ac t u r e r im p o r t - e x p o r t p o l i s h e d d i a m o n d s i n a l l s i z e s a n d q u a l i t i e s

m a n u f a c t u r e r o f l a r g e s i z e s , r o u n d s a n d f a n c i e s , u p t o 2 5 . 00 c t s

schupstra at 1/7 2018 antwerpen belgium tel + 32 3 231 21 47 info@pinchas i.com www.pinchasi.com


36/60IDEX MAGAZINE

INDIA RETAIL|

NO 19: RETAIL ET CET36

Make Mine a $2,000 Mint Julep

f its Kentucky Derby time, its also luxurious mint

julep time. Once again, Woodford Reserve offered

exclusive mint julep cups to Kentucky Derby race goers,

allowing them to enjoy the race, enjoy a drink and help

support The Heart of a Horse Foundation.

For $1,000 each, thirsty punters enjoyed Woodford

Reserves Double Oak ultra-premium bourbon, as well as

a host of other luxurious ingredients including ice made

from French water, rare lemon mint from California and

vanilla beans from Madagascar.

But what bumped up the cost of this mint julep was the

cup. This year, there were 65 traditional cups on offer, as

well as 10 Prestige cups, since 2012 marks the 75th year

the mint julep has been the official drink of the Kentucky

Derby.

The traditional cups were individually numbered and hand-

engraved with a horse scene, the 2012 Kentucky Derby

date and the Woodford Reserve logo. They came with a

sterling silver sipping straw.

The Prestige cups, which sold for $2,000, were sterl ing

i

silver cups plated in 24 karat gold. They featured a diamond

horseshoe studded with 43 hand-set diamonds that totaled

approximately 1 carat.

iDeX

DeFDoubles support for botswana top achievers program

he Diamond Empowerment Fund (DEF) has doubledits initial allocation of support for the Top Achievers

Program in Botswana with a $100,000 grant.

The program, which marks a partnership between DEF

and Botswanas Ministry of Education, is designed to allow

talented students the chance to study at the university of

their choice before returning to contribute to Botswanas

economic, social and political development.

This gift is a commitment from us to empower African

youth and further Botswanas vision of a thriving economy

built on the responsible use of its natural resources tobenefit its people, said Russell Simmons, DEF co-founder

and advisory board chair.

Speaking about the grant, Varda Shine, CEO of the DTC

and a DEF governing board member, said the fund, clearly

understands that access to education and incubation of

future leaders leads to sustained progress, economic growth

and prosperity.

t Linah Moholo, governor of the Bank of Botswana anda member of the DEFs advisory board said, Affordingthese young, talented students the opportunity

to be exposed to rigorous curriculum focused on

development, macro-economics, political theory and

social entrepreneurship will further the growth in our

country for generations.

As well as the Top Achievers Program, DEF also supports

two other education institutions, the CIDA City Campus

and the African Leadership Academy. CIDA City Campus

is a business college in Johannesburg, South Africa, that

is free to attendees as long as they return to their nativevillages and teach for a period after graduation.

The African Leadership Academy, a university preparatory

school in Johannesburg, draws students from all 54 countries

in Africa, and emphasizes leadership skills, African History,

and entrepreneurial skills. DEF provides scholarships to all

students from diamond-producing nations.

iDeX


37/60IDEX MAGAZINE

INDIA RETAIL|


Debuts at ags conclave fashion show

hile fashion and diamonds make the perfect

combination, New York City-based wholesaler

Tov International took the pairing to a whole new level

with the unveiling of its one-of-a-kind $15 million Chloe

& Reese-designed diamond cocktail dress at the recentAmerican Gem Society (AGS) Conclave Fashion Show.

The little black dress features 100 triple excellent AGS-

and GIA-certified 3 carat round diamonds. Eighty five of

the diamonds are set on the bodice, four are located on

each sleeve and seven adorn the back.

The dress was conceptual ized by Tovs owner Rony

Majer a year ago. We wanted to do something that, to

our knowledge, had never been done before. We saw the

dress as a beautiful canvas to showcase Tov International's

amazing collection of 3 carat round diamonds in a 21st-century approach, he said.

iDeX

W

he European Quality Circle (EQC), which focuses

on organizing buying groups, increasing sales and

profitability and enhancing consumer confidence in the

jewelry industry, has begun offering training programs for

the luxury retail industry through its new EQC Training

Centre (EQC-TC), which opened on May 1.

The training programs are initially open to those in the

jewelry and watch sector and will be followed by cosmetics,

optometry, as well as high fashion and accessories.

ECQ-TCs diamond and gem training programs are

provided by HRD Antwerp NV. The courses are offered

in English, French, Spanish, Dutch, Chinese and Hebrew.

EQC CEO Eyal Atzmon said the decision to venture

beyond the jewelry and watch sector came from the work

floor. Often, when we are screening, interviewing, and

training staff members for jobs in jewelry retail operations,

shop owners and trainees alike express their desire for

training that will enable them also to venture out into other

luxury retail product categories, he said.

Our aim is to locate, engage and service like-minded

retailers who wish to sell top-quality products, provide the

best customer service, and, as a result, enhance consumer

confidence in luxury products, he added.

The training center will provide EQCs current training

programs and make them available to a wider audience.

The center will also offer a training and consulting program

to assist European firms targeting the Chinese luxury

market to find staff and train them to work in China. In

association with its strategic partner in China, EQC-TC

will offer similar training modules to Chinese companies

with an interest in establishing retail operations in Europe.

Students who complete their training will receive the

EQC Passport. Atzmon said he hopes the passport

will become an indispensable document that will be part

of the graduates CVs when searching for a position in

the luxury industry. Retailers will know that candidates

in possession of the EQC Passport have been carefully

chosen, screened and trained, and therefore have the best

cards to perform well, both in sales and in management,

from their very first day on the job.

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FRed Leighton CoLLeCtion deButs

Fred Leighton recently launched a newly designed

line of jewelry, The Fred Leighton Collection. The

collection will have a limited and exclusive distribution in

the U.S. and worldwide.

In addition to the newly designed collection, The Fred

Leighton Estate Jewels the curated estate jewelry

collection for which Fred Leighton is renowned will be

available to a very small group of retail partners.

For its debut collection, Fred Leighton has looked to the

designs of the Art Deco period and the 19th century.

Highlights from the Art Deco-inspired group include

black jade and diamond drop earrings and chain necklaces,

elegant carved jade pendant earrings and dramatic briolette

drop earrings in vibrant lapis lazuli and pink opal.

Classic styles and motifs from the 19th century clusters,

starbursts and rivieres are infused with the colors of

amethyst, citrine and multicolored sapphires.

Fred Leighton is one of the most exclusive names in

jewelry and is synonymous with vintage style, said Greg

Kwiat, Fred Leightons CEO. We are thrilled to be offering

this unique opportunity to a select few retail partners and

to broaden the Fred Leighton network to include some of

the nest jewelry stores in the world.

Kwiat purchased Fred Leighton in 2009. ideX

IDEX India Retail, June 2012

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