Robert May new NCDIA Executive Director
New York, December 3, 2007, The Natural Colored Diamond Association (NCDIA) appointed Robert May as the new Executive Director, effective January 1, 2008.
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Rapaport to Offer Lots with No Reserve
The Rapaport Certified Diamond Auction will, for the first time, feature six lots of top quality one carat diamonds free of any reserve prices. Bidding for the six lots will start at $0. An additional thirty three lots of one carat and larger, D-G, IF-VS2, Excellent to Very Good cut, GIA graded diamonds will be offered for sale to the trade at low reserve prices.
“Buyers now have an opportunity to set their own prices for the finest quality one carat diamonds. By reducing reserve prices and offering lots with no reserve we are giving buyers a free hand to set prices. Buyers should not miss this opportunity to bid and observe live online auction action this Thursday,” said Martin Rapaport Chairman of the Rapaport Group.
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4-Ct. Diamond Found at State Park
An Arkansas man discovered a 4.38-ct., tea-colored diamond at an Arkansas State Park, The Associated Press reports.
Chad Johnson, a regular at the Crater of Diamonds State Park, the world's only diamond producing site open to the public, nearly he nearly threw away his largest find yet, the AP reports. He found unknowingly found the diamond on Saturday and stored it along with his mining equipment in his locker over the weekend.
When Johnson, 36, returned Monday morning and made the discovery, the AP reports.
Crater of Diamonds State Park, Murfreesboro, Ark., which opened in 1972, is the world's only diamond-producing site open to the public, and visitors can keep the gems they unearth. The largest diamond found at the park was the 16.37-ct. Amarillo Starlight, a white diamond found in 1975.
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Rapaport Releases Diamond Standards
The Rapaport Group has released three formal certified diamond standards that will be used to define contracts for different diamond classifications. The new standards will be used to classify diamonds offered at the Rapaport Certified Diamond Auctions as well as on the RapNet and INDEX diamond trading platforms. Rapaport Diamond Specification 2 (RapSpec-2) will also become the standard for the Rapaport Price List.
All specifications incorporate Gemological Institute of America color, clarity, and cut standards, with the minimum overall GIA cut grade remaining "Very Good." The first two standards focus on very precise cut details of the diamond, while the third introduces medium blue fluorescence. RapSpec-2 eases requirements for depth and table percentages and allows for a minimum of "good" rather than "very good" for polish and symmetry. RapSpec-3 is identical to RapSpec-2 except that medium blue fluorescence is allowed. The new standards may be reviewed at www.diamonds.net/standards.
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Diamond: not necessarily colourless
It really is not our job here at the International Colored Gemstone Association to tell you all about diamonds. However, diamond is the modern birthstone for April, so we would like to take this opportunity to say a few words about fancy coloured diamonds, which are more to our taste than the colourless type: they're rarer, more valuable, and a great deal more colourful (although the colours do tend to be a little on the pale side).
Fancy coloured diamonds are not a mass-market product such as those which are advertised everywhere and sold by numbers. They have more personality than that. Fancy coloured diamonds are almost as much fun as coloured gemstones! Like coloured gemstones, each one is different. They come in fabulously expensive pale pinks and blues, pale to bright yellows, oranges, greens, and all those brown colours that are now given names like cognac and champagne. So, buy a diamond instead of a coloured gemstone if you must, but at least consider a fancy coloured one which will give your jewellery more character, more individuality and more colour!
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