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Any color diamond is a great investment

Bruno Scarselli belongs to the 3rd generation of the Scarselli family, which has for the last half-century been producing and selling some of the world’s highest quality yellow, blue and pink diamonds available on the market. Bruno heads the company...

20 november 2017

It’s crucial everybody feels confident that their suppliers use the System of Warranties - Stephane Fischler

The System of Warranties (SoW) in the diamond industry dates back to 2002, when the World Diamond Council (WDC) in team with the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association...

13 november 2017

IIDGR’s proprietary technology gives polished diamonds unique identity

The International Institute of Diamond Grading & Research (IIDGR), a unit of the global diamond giant, De Beers, grades natural stones and is also using its proprietary inscription technology to inscribe a unique identification on tables of each...

07 november 2017

In future, only those who offer innovative designs will survive

A science graduate from Madras University, Srinivasan's one-man venture with just 10 employees launched in 1984 has now grown into the present Emerald Group, in about 3 plus decades. The Group from Southern India is one of the largest jewellery manufacturing...

30 october 2017

Conditions are still very difficult - Ernie Blom

Ernie Blom, the President of the World Federation of Diamond Bourses (WFDB) for the third term, has served on a range of industry bodies as an executive as well as chairman for many years, including Chairman, Diamond Dealers Club of South Africa...

23 october 2017

Scio Diamond to Up Synthetics Production

17 july 2017
Lab-grown diamond producer Scio Diamond Technology Corporation will boost its output of synthetic rough diamonds over the summer, following a recent restructuring of its debt.
“We’ve made significant progress with our white diamonds recently, and I am excited by the rapid growth we are seeing in the market,” CEO Gerald McGuire said. “Our customer base has recognized these improvements and are creating stunning gemstones from our rough.”
Last year saw ongoing losses for the South Carolina-based company, which noted in August that its low revenue to date was putting its operations at risk. This past March, it said that despite monthly sales improvements, the company had yet to achieve profitability.
Last week, however, it announced that it had restructured its debt through Heritage Gemstone Investors (HGI) and would receive further funding.
The agreement extends Scio Diamond’s note maturity by one year to December 2018, according to the company. It also offers the company relief on interest payments and gives it access to additional HGI funds.
“Our board and lender, HGI, recognize the incredible opportunity we have before us, and I believe this announcement demonstrates their support of the company’s efforts,” McGuire said, adding that the company “expects to ramp up its production of white diamonds over the summer months.”

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