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- IDE's Paz new WFDB president
Shanghai, China—Israel Diamond Exchange (IDE) President Avi Paz is the new president of the World Federation of Diamond Bourses (WFDB), succeeding South Africa's Ernest Blom.
- De Beers announces plans for Forevermark
London—De Beers' plans for its Forevermark diamond brand will be announced over the next few days to a select group of retailers and diamantaires in London, the company has announced.
- DTC releases names of sightholders
London—The Diamond Trading Co. (DTC) has now released the names of all 79 companies that are sightholders for the 2008-2011 contract period.
- AGS partners with Venus Jewel
Las Vegas—The American Gem Society (AGS) is partnering with diamond seller Venus Jewel to give members access to Venus' online database of diamonds.
- GCAL achieves ISO accreditation
New York—The Gem Certification and Assurance Lab (GCAL) has received an accreditation signifying it conforms to international standards for accurate and reliable diamond grading, the New York-based lab announced on Thursday.
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- Blue Diamond Sold for Record Per-Carat Price
Sotheby's sale of Magnificent Jewels and Noble Jewels in Geneva Thursday raised $57.14 million, the second highest total the auction house achieved for a sale held worldwide.
- Houston a Hotbed for Armed Jewelry Robberies
There's been a spree of armed robberies on traveling jewelry salesmen in the Houston area that authorities say has cost victims $3 million in stolen valuables.
- Tiffany Elects Two Board Members
Tiffany & Co. said Thursday that its shareholders elected Lawrence K. Fish and Peter W. May to its board of directors. They join seven incumbent directors who were re-elected.
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