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Bharat Diamond Bourse Announces 2019 Bharat Diamond Week

It will be on October 14-16, 2019.

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(PRESS RELEASE) MUMBAI, INDIA – Bharat Diamond Bourse (BDB) in Mumbai, India, has announced to host the 2019 edition of its Bharat Diamond Week from October 14-16, 2019. Thus, BDB will be building on the huge success of the two Bharat Diamond Week events held in 2018.

The second edition of 2018 saw more than 1,000 visitors from India and across the world who did business with 125 Indian exhibitors of polished diamonds.

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Bharat Diamond Bourse Vice-President Mehul Shah, who heads the Bharat Diamond Week, said: “We are looking forward towards the launch of 2019 edition of the Bharat Diamond Week, 14 to 16 October. BDW invites buyers across the globe as well as within India. Selected buyers will be allotted complimentary hotel accommodation. Members of Bourses affiliated to WFDB will be always at a priority. This is also an inter-bourse show which proved to be such a successful concept last year. We are building on those first two shows to take it to the next level with higher numbers of exhibitors and many more buyers. As with the 2018 shows, we want to create maximum coverage for our small and medium-size companies.”

Above all the guest of honor to BDW 2019 is the vice president of WFDB and president of Shanghai Diamond Exchange Lin Qiang with the Members of SDE.

BDB President Anoop Mehta said: “The inaugural shows and the high level of demand from visitors and exhibitors alike showed that we had to stage a show in 2019. The exhibitors will again be treated to typical warm and welcoming Indian hospitality as we show them that our diamond companies can supply them with absolutely any diamond they need in any shape, size or color.

“Each Indian company that wins the right to display at the Bharat Diamond Week is entitled for one booth only. Trading of Synthetic or Lab Grown Diamonds are banned in BDB, therefore there is no room for synthetics or lab grown diamonds in BDW.”

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Mr Mehta added: “These inter-bourse events have proven their value at other diamond exchanges also, and it is only right that India, as the world’s primary cutting and polishing centre, should hold a fair to showcase the diamonds that we have available for sale. The Bharat Diamond Week puts buyers directly in touch with suppliers in a convenient setting, saving time and expenses as the exhibitors and their goods can be easily and quickly found, thus making the fair an efficient visit. We will be announcing further details in coming weeks.”

The biggest attraction for the show is that being a pre Diwali time, it’s the perfect opportunity for best buying deals.

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Jewelers Block Insurance Specialists Surya and AIB Merge

The combined businesses will continue under the Surya and AIB names.

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(PRESS RELEASE) NEW YORK — Surya Insurance Services, LLC is merging with Associated Insurance International Brokers Inc (AIB). The combined businesses will continue under the Surya and AIB names, both offering jewelers block insurance and other specialized insurance for the diamond and jewelry industry. Janak Dave will continue as Surya CEO and AIB founder Elan Manham will join Surya as President.

“The combined strength of the two companies will allow Surya to continue to grow to provide even better service to all of our customers,” Dave says. “In addition to growing our jewelers block insurance business, we plan to offer more insurance products specifically tailored to the needs of the industry’s top diamond and jewelry professionals, including covering the risks of rough processing, repolishing and the setting of important diamonds and gemstones.”

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Surya Insurance Services is dedicated to serving the insurance needs of the diamond and jewelry industry. Surya was founded in New York in 2005 by Surya Capital to serve the diamond and jewelry industry. AIB was founded by Elan Manham in 1993 to provide jewelry and diamond wholesalers and retailers with Jewelers Block Insurance.

“The financial strength of Surya will give us better relationships with underwriters and enable us to better serve our customers and offer enhanced coverage,” Elan Manham says. “I look forward to working with the Surya team to grow the business.”

The combined companies will be able to provide A+ rated custom insurance solutions tailored to the individual needs of each client, including on premises, in transit, worldwide travel, trade and trunk show, unattended auto, bank vault and memo coverage.

Surya and AIB customers include more than 300 diamond wholesalers, jewelry manufacturers, jewelry retailers, pawnbrokers, and fine arts dealers, from small independent companies to some of the world’s most important diamond sightholders.

For more information about Surya and AIB insurance products and services, contact a specialist at 800-242-7766 or visit www.suryains.com.

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Press Releases

Diamonds Do Good Announces Winners of 2nd Annual Millennial-Focused Proposal Contest

Finalists will be flown to Canada to see the real impact of natural diamonds.

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(PRESS RELEASE) In recognition of Valentine’s Day, Diamonds Do Good announced the winners of the second annual ‘Real Stories. Real Diamonds. Real Impact’ video proposal contest. A third year of the proposal contest is now being planned.

The winning couple of this year’s contest, Nicole and Isaiah, hail from North Carolina and were engaged during a trip to Ireland. “I love simple and natural… surrounded by the natural beauty of Ireland, the natural beauty of the diamond and my beautiful fiancé, our proposal story is one I will never get tired of telling” says Nicole.

Nicole and Isaiah will experience the natural beauty of the Northwest Territories of Canada, the third largest producer of natural diamonds. There they will see firsthand the impact natural, mined diamonds have had on the country and to share their experiences through social media.

Videos were judged by digital media influencers @thediamondsgirl, @weddingdiary and @roamaroo with combined followers numbering over 2,000,000.

“The contest is helping boost consumer understanding of the real, positive impact for communities of natural, mined diamonds,” says Executive Committee member Rebecca Foerster, president of Alrosa USA.

D.E.F President, Anna Martin, senior vice president of GIA, echoes, “Educating the younger generation on the good diamonds do and inviting them to engage in this narrative will help boost consumer confidence in, and ultimately demand for, diamonds.”

The winning video can be seen on DiamondsDoGood.com/myproposalcontest.

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Fortuna Completes First Sale of New Decade

It featured a diamond that brought $40,625.

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(PRESS RELEASE) On February 6, 2020, Fortuna held its first sale of the new decade with exciting results that set the NY-based jewelry and watch auction house apart from current jewelry sale trends. The Fine Jewels sale offered a well-rounded selection of fine estate diamond jewelry and designer pieces, and achieved a nearly 70% sell-through rate—a great feat for this time of year.

The sale brought in bidders and consigners from around the world, featuring items consigned from countries like Spain, and bids coming all the way from Kuwait. It was also the first of Fortuna’s auctions to be streamed live on Facebook, highlighting the boutique auction house’s global reach.

Among the sale highlights sold was a 4.13-Carat Emerald-Cut Loose Diamond. This fine diamond came accompanied by a GIA diamond report stating the stone as possessing G color and VVS1 clarity. This particular diamond, which any jeweler would be thrilled to turn into an engagement ring, achieved $40,625 at auction. Most of the important stones in this sale came with a GIA certificate, which industry insiders trust as the ultimate stamp of verification of quality.

The sale also featured rarely seen designs, like that of a Tiffany & Co. Aquamarine Morganite and Diamond Drop Necklace. The piece, which was the property of a lady, had never been worn and was in excellent condition. The stunning lot which was crafted in platinum in a spectacular cascading design, achieved an impressive $30,000 at auction—more than double its starting bid.

Upcoming Fortuna Auction Sales

The next Fine Jewels auction on Fortuna’s calendar is set for March 19 at 1PM EDT, and is still accepting consignments. If you have jewelry or watches you would like to submit for auction, visit our website at www.FortunaAuction.com or call our office at (212)389-9040 for a free valuation.

Tiffany Co. Morganite Aquamarine Necklace

4.13ct Emerald Cut Loose Diamond

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