fyi regarding counterfeit GIA certs

[bgray]

---Counterfeit GIA Reports Pose Risk - Verify Authenticity

Counterfeit Gemological Institute of America (GIA) grading reports
have been found in the marketplace. In some cases, fraudulent reports
use the actual GIA report numbers and grading information of other
GIA-graded diamonds. These forgeries have been found accompanying HPHT
diamonds or natural diamonds of a lower grade that resemble -- or have
been re-cut to match -- the real diamond to which that report number
belongs. Dealers can verify reports online with GIA Report Check
www.gia.edu/reportcheck/

 

[neatfreak]

Oh geez that''s nice. Where is this info coming from?

 

[bgray]

Date: 11/7/2008 8:45:18 AM
Author: neatfreak
Oh geez that's nice. Where is this info coming from?

i apologize --i get the rappaport tradewire emailed to me

 

[neatfreak]

Date: 11/7/2008 8:48:41 AM
Author: bgray

Date: 11/7/2008 8:45:18 AM

Author: neatfreak

Oh geez that''s nice. Where is this info coming from?

i apologize --i get the rappaport tradewire emailed to me

No need to apologize. I just wanted to read the article if I could.

 

[bgray]

below is only part of it--it is very long--i think you can google the link and then sign up to get it--its open to anyone as long as you register (i am just a consumer)


Rapaport TradeWire - Friday, November 7, 2008
=============================================
Rapaport Weekly Comments: Obama landslide victory signifies major U.S.
social and generational shift. Nov. DTC sight estimate halved to $300
mil. as rough prices plummet and sightholders delay purchases to next
year. Despite Diwali holiday, Oct. Indian gold imports drop 30% to
1.55 mil. oz. as rupee weakens 5% against U.S. dollar. Israel Oct.
rough imports down 53% to $208.5 mil. and polished exports down 46% to
$324.61 mil. Belgium Sept. rough diamond imports up 34% to $1.12 bil.
and polished exports up 41% to $1.39 bil. Dubai 1H08 polished imports
double to $2.94 bil. and polished exports up 153% to $2.35 bil. Japan
Sept. polished imports down 14% to $59.91 mil. Gitanjali Gems 2Q sales
up 14% to $268.81 mil. and profits up 15% to $10.19 mil. Blue Nile 3Q
sales down 3% to $65 mil. and profits down 21% to $2.3 mil.; U.S.
sales down 7% to $58.5 mil. and int’l sales up 53% to $6.9 mil. Petra
Diamonds sells blue 39.19 carat diamond for $8.8 mil. ($224,547/
carat).

--------------
ANNOUNCEMENTS:
==============

===================
NEW PRICE LIST INFO
===================
Rapaport Will Publish A New RapNet Price List With
Trading Network’s Best and Average Asking Prices

Read the full announcement:

http://www.diamonds.net/rapnetpricelist/RapnetNewPriceList-Nov08.pdf

================================
RAPAPORT DIAMOND CONFERENCE 2008
NOW AVAILABLE ON VIDEO DVD !
================================
Did you predict the financial crisis?
On September 8, the Rapaport Conference did.

See and hear what the experts had to say.

Speakers and Diamond Specific Topics included:
Rajiv Mehta: Dimexon/Eurostar - Globalization
Victor Van der Kwast: ABN Amro - Banking
Rahul Kadakia: Christie''s - Big Stone Boom
Gerald Celente: World Economy
Martin Rapaport: Diamond Markets of the Future
Ralph Destino: Chairman GIA - Branding
Neil Goldberg: CEO Zale - Retailing
Mark Moeller: President AGS - Are Bread & Butter Goods Toast?
James Shigley: GIA Research - Treatments and Synthetics

Order now - $100 plus shipping

Email: [email protected]
Telephone: +1-702-893-9400

---------------
RAPAPORT EVENTS
===============
Please check our events page to view
Rapaport exhibiting locations.

http://www.diamonds.net/Events/default.aspx

-------------
RETAIL QUOTE:
=============
"People that shop luxury, who demand a certain brand, they just don''t
trade down. They simply do without until they feel comfortable to
purchase again."
---Marie Driscoll
Standard & Poor''s

-----------
WORLD NEWS:
===========

---DTC Nov. Sight Significantly Lower at $300M

The Diamond Trading Company''s (DTC) November sight was valued
significantly lower than in previous years, as sightholders requested
that De Beers defer supply until after Christmas. The sight had an
estimated value of $300 million, compared with $530 million in the one
held one year ago. Observers reported no change in prices and no
significant adjustment to the assortment of goods.

---RBC: Gloomy Outlook for Diamond Cos., Investors
RBC Capital Markets detailed issues facing the diamond trade: Diamond
trading center debt is in excess of $15 billion; prices at recent
rough tenders held by BHP Billiton and Etruscan Diamonds fell well
below average; and major producers are responding to lower demand for
rough by cutting back offered supplies. The mood in the industry is
gloomy, made more severe by police raids in Antwerp. Until consumer
confidence and wealth begin to recover, RBC noted, the market for the
raw materials of luxury goods like diamonds will show slower demand
and lowered prices. Shares in diamond firms have declined 70 percent
on average from their highs, with exploration firms in need of funding
fairing worst; retailers have been impacted least.

---India''s Diamond Inventory Grows as Global Demand Weakens
India’s diamond industry is staring at large inventories due to
falling demand in its biggest markets in the U.S., Europe and Japan.
Imports of rough diamonds grew 19 percent between April and September
of this year to INR 251.1 billion ($5.17 billion) compared with a year
ago. Although exports of polished have risen by 21.6 percent to INR
335.2 billion ($6.9 billion), the outlook is poor. The demand for
processed diamonds has dropped 10-15 percent since September, when
Christmas orders usually start picking up. The Gem & Jewellery Export
Promotion Council called upon diamond miners to restrict the release
of uncut diamonds in the market to offset the current excess supply.

---Counterfeit GIA Reports Pose Risk - Verify Authenticity
Counterfeit Gemological Institute of America (GIA) grading reports
have been found in the marketplace. In some cases, fraudulent reports
use the actual GIA report numbers and grading information of other
GIA-graded diamonds. These forgeries have been found accompanying HPHT
diamonds or natural diamonds of a lower grade that resemble -- or have
been re-cut to match -- the real diamond to which that report number
belongs. Dealers can verify reports online with GIA Report Check
www.gia.edu/reportcheck/

---Israel to Hold Vice Chairmanship of Kimberley Process

Israel was elected vice chair of the Kimberley Process for 2009