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DIAMONDDISTRICTM O N T H LY82Vol. 82March 2017The Diamond District Pays a Visit to PIX11WPIX’s Scott Stanford, Sukanya Krishnan and BID spokesperson Lindsay Hadad with 2o million worth of jewelryfrom the merchants of the Diamond District.Comptroller Stringer Releases New RetirementSavings Plan for NYC’s Private Sector WorkersDear Diamond DistrictCommunity:The “New York City Nest Egg” Plan, developed in consultation with national experts,would provide opportunity for a predictablestream of lifetime income at no cost totaxpayers – and largely take complianceburden off small business owners. Reporthighlights 58% of private-sector workersin NYC have no access to a workplaceretirement savings plan.I released a new plan that would moveNew York City closer to ensuring that everyNew Yorker has access to a workplace retirement savings plan. The “New York CityNest Egg” retirement program, developedafter 19 months of consultation with theComptroller’s Retirement Security StudyGroup, a diverse team of the nation’s topacademics in pension policy, takes aninnovative, market-driven approach toproviding private–sector employees accessto a retirement plan at their workplace.Nearly sixty percent of New YorkCity private sector workers lack accessNYC Comptroller Scott Stringerto retirement plans through work. Thenew proposal leverages recent changesin federal law that allow state and localgovernments to help employers provideretirement savings plans without addingany burden to taxpayers. And, when NewYorkers retire, the NYC Nest Egg wouldalso offer access to a lifetime guaranteedincome stream using their own savings.“The plan we are releasing today offersthe best chance to protect hundreds ofthousands of New Yorkers who wouldotherwise face retirement struggling topay rent, cover medical bills, or put food onthe table, especially now that retirementcould last 20 or 30 years” ComptrollerStringer said. “Today, 58 percent of privatesector workers in New York City have noaccess to a retirement plan at work – andfor those at companies with fewer than10 employees – that number jumps to89 percent. Unless we act now, whatshould be the golden years in America’slargest City may well become the darkestyears for too many people and a burdenfor future taxpayers who would be calledupon to support a growing population oflow-income seniors.”The NYC Nest Egg plan is designed tomitigate liability concerns for taxpayers andContinued on page 12
MARCH 2017DISTRICTMONTHLY2 2JANUARY2016DIAMONDDIAMONDDISTRICTMONTHLY
Legislative UpdateBikes in BuildingsBikes in Buildings is a program created to implement the Bicycle Access to Office BuildingsLaw which passed in 2016. The Bicycle Access to Office Buildings Law aims to increasebicycle commuting by providing cyclists with the opportunity to securely park their bicycles in or close to their workplaces.The program allows tenants of office buildings to request bicycle access for theiremployees. In response to a request, a building owner or manager must either grantaccess or request an exception from the New York City Department of Transportation.The law only applies to commercial office buildings with at least one freight elevator.It does not apply to residential buildings or any other building that is not primarilycomposed of offices.How Bikes in Buildings Works A tenant or subtenant assesses the number of bikes it would like to accommodatein its office space. The tenant or subtenant completes a Tenant Request and sends it by USPS certifiedmail, return receipt requested, to the building owner or manager. The building owner or manager will either:»»»»Implement and post a Bicycle Access Plan that allows the tenant’s employeesto bring bikes into the tenant’s office space within 30 days of receipt of TenantRequest orDIAMOND DISTRICT MONTHLY580 5th Avenue, Suite 323New York, NY 10036Request an exception for A) alternate bicycle parking facilities or B) the absence of freight elevators in the building within 15 days of receipt of TenantRequest.Michael Grumet, Publishermichaelgrumet@diamonddistrict.orgIf the building owner or manager submits an Exception Request, the tenant or subtenantshould receive notification from the building owner or manager within 30 days of theTenant Request. Otherwise, a Bicycle Access Plan or a notice of its availability shouldbe posted in the building’s lobby within 35 days of the Tenant Request.O.O. Barrett, EditorTenantsNatalia Cheviakova, Administrative Directorinfo@diamonddistrict.orgBy completing and sending a Tenant Request, you will be asking your building owner, lessee, manager, or other person that controls your office building to allow youremployees to bring their bicycles into your office space. You will be responsible forproviding a space or spaces in your office to store bicycles; this space must complywith building and fire codes and any other applicable law, rule, or code and must notimpede ingress or egress to the building.Bernard Rapaport, Advertising Salesadsales@diamonddistrict.orgP: 212-302-5690 F:212-302-7835Individual employees of businesses in office buildings cannot file a Tenant Request,requests can only be filed by a leaseholding tenant or subtenant in such buildings.Michael Mitchell, Art Directordesign@diamonddistrict.orgIn response to a request, a building owner may: file a Bicycle Access Plan. It should be implemented within 30 days and the Planor a notice of its availability should be posted in the building’s lobby within 35 daysof the owner’s receipt of your Tenant Request by USPS certified mail.continuedon page 15The Diamond District Monthly ispublished monthly by the 47th StreetBusiness Improvement District.DIAMOND DISTRICT MONTHLY MARCH 2017 3
No Need to Visit a FieldOffice: Replace Your SSA1099 Benefit StatementOnlineWe’re with you through life’s journey, putting you incontrol of your finances and future. Social Securityhas made requesting or replacing your annual BenefitStatement even easier. The Benefit Statement is alsoknown as the SSA-1099 or the SSA-1042S. Now youhave the ability to download it anytime and anywhereyou want using our online services. There’s no need tovisit a field office.An SSA-1099 is a tax form Social Security mails eachyear in January to people who receive Social Securitybenefits. It shows the total amount of benefits you received from Social Security in the previous year so youknow how much Social Security income to report to IRSon your tax return.If you currently live in the United States and you needa replacement form SSA-1099 or SSA-1042S, simply goonline and request an instant, printable replacementform with a my Social Security account at www.socialsecurity.gov/myaccount.A replacement SSA-1099 or SSA-1042S is typically available for the previous tax year after February 1.If you already have a my Social Security account, youshould access your online account and go to “Replacements Documents” to view and print your SSA-1099 orSSA-1042S. If you don’t have access to a printer, youcan save the document on your computer or laptop andemail it. If you don’t have a my Social Security account,creating a secure account is very easy to do and usuallytakes less than 15 minutes.If you’re a noncitizen who lives outside of the UnitedStates and you received or repaid Social Security benefitslast year, we will send you form SSA-1042S instead. Theforms SSA-1099 and SSA-1042S are not available forpeople who receive Supplemental Security Income (SSI).Securing today and tomorrow isn’t always easy, but SocialSecurity continues to improve our customer service witheasy to use online features. Visit www.socialsecurity.gov for more.4 MARCH 2017 DIAMOND DISTRICT MONTHLYExecutive CommitteeHarvey Nagin – Nagin JewelryPresidentSteven Grauer – Gold Art 18 KT LLCChairmanDennis Marlow – Solitaire CreationsSecretaryRobert Hadi – Premier Realty, Inc.TreasurerRichard Winick – Manny Winick & SonRichard Friedman – I. Friedman & SonsRonnie VanderLinden – Diamex Inc.Jeffrey Mordekai – Petra JewelersBOARDOFDIRECTORSBoard MembersS. David Belsky – S.D.Belsky AssociatesChair Audit CommitteeJay Holzer – DyckmansChris Ipek – Altin RealtyRaizy Haas – Extell Development Corp.Matt Selig – Leo IngwerGary Weinshank – DelageYale Zoland – Zoland’sAdnan Aydin – Futurama Jewelry ExchangeJack Elo – The Elo GroupMoris Yero Shalmi – ABCAlon Mor – Mor DiamondsJules Fleischer – Jewelry by AlexanderSammy Abramov – AA PearlMichael Oistacher – Manhattan Gold & SilverIsaac Chetrit – Yadidi GroupSunny Yung – Central Management Corp.Manny Grunberg – M. Grunberg Inc.Memhet Gulay – City Property DevelopmentAdam Abramson – Abramson BrothersEyal Alon – Malca AmitEliot Kirschner – EskayIlan Elishayev – SYU Properties, LLCVincent DeMeo – Valley National BankBill de Blasio – MayorScott Stringer – New York City ComptrollerGale Brewer – Manhattan Borough PresidentDaniel Garodnick – Council MemberJohn Glaister – ResidentReuven Kaufman – Diamond Dealers ClubMichael Toback – MJSADaly Reville – Community Bd. 5STAFFMichael Grumet – Executive DirectorNatalia Cheviakova – Administrator Director
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Islamic Financial OrganisationLaunches Project for Standardon Gold, In Cooperation withWorld Gold CouncilWill This Lead to a Price Increase forGold?There were 1.6 billion Muslims in the world as of 2010 – roughly 23% of the globalpopulation–according to a Pew Research Center estimate. But while Islam iscurrently the world’s second-largest religion (after Christianity), it is the fastestgrowing major religion. This new decision by AAOFI to allow gold for financialtransactions could lead to an increased demand for and corresponding price risefor gold.The Accounting and Auditing Organisation for Islamic FinancialInstitutions (AAOIFI) has phased ina new project for the development ofa Shari’ah Standard on gold, including Shari’ah rulings for gold-basedfinancial products, in cooperationw it h t he Worl d G ol d C ou nc i l.Earlier, AAOIFI’s Shari’ah Boardapproved the project and its themeand structure, and formed a subcommittee to conduct a thorough studyand prepare a standard drawing, fortechnical aspects, on expertise andthe World Gold Council.The subcommittee has held its first meetingto discuss the detailed study and exposure draft of the Shari’ah Standardon Saturday 9 January 2016, and itplans to hold a series of meetings inupcoming months to complete itsreview of the exposure draft and thento submit it to the Shari’ah Board.Dr. Hamed Hassan Merah, SecretaryGeneral, AAOIFI stated: “This standard is expected to have a substantial,positive impact as it will help addressmany issues and questions and willcover a wide spectrum of contemporary applications and crucial fiqh developments, not only in relation to theoperations of financial institutions butalso that of investors, and the public.This initiative involves a degree of closecooperation with the most prominentauthority on gold, which will look intothe topic from a technical point ofview and will address various practicalissues and challenges.”Aram Shishmanian, CEO of theWorld Gold Council commented:“We are delighted that AAOIFI recognises the importance and value ofcreating a Shari’ah Standard for gold,and has agreed to take the leadershipin developing this new Standard. TheIslamic finance industry continues togrow in size and importance and thereis a need for a greater understandingof the application of Shari’ah guidance on the use of gold. While thereis currently limited guidance for goldcoins and bars, there is virtually noguidance on gold elsewhere in thefinancial sector. We believe that thiswill bring important benefits to theindustry, as well as improve consumer choice, enabling millions ofMuslims to protect their wealth, andenhance financial stability, with gold.”Datuk Dr Mohd Daud Bakr, ExecutiveChairman of Amanie Advisors said thatthis Standard will provide guidancefrom the Shari’ah perspective on theusage of gold in financial and investment transactions for Islamic financialinstitutions and participants. The Standard also aims to increase transparencyand harmonisation regarding the useof gold in various market practices.He added: We are pleased to haveAAOIFI’s support for this initiativeto standardize all aspects of Islamicfinancial transactions involving theuse of gold and, in time, increase theadoption of gold in Islamic financialproducts. Deepening the role of goldgives Islamic investors better access tothe unique qualities of this asset class,while broadening the overall Islamicfinance asset base.DIAMOND DISTRICT MONTHLY MARCH 2017 7
Gold Titanium New GoldStandard for Artificial JointsRice University lab discovers titanium-gold alloy that is four timesharder than most steelsTitanium is the leading material for artificial kneeand hip joints because it’s strong, wear-resistantand nontoxic, but an unexpected discovery by RiceUniversity physicists shows that the gold standard forartificial joints can be improved with the addition ofsome actual gold.diamond coated mortar and pestle. The strongestcompound was found to be three part titanium andone part gold.What the team didn’t know at the time was thatmaking titanium-3-gold at relatively high temperature produces an almost pure crystalline form ofthe beta version of the alloy — the crystal structureCrystal structure of beta titanium-3-goldthat’s four times harder than titanium. At lower“It is about 3-4 times harder than most steels,” said temperatures, the atoms tend to arrange in anotherEmilia Morosan, the lead scientist on a new study in cubic structure — the alpha form of titanium-3-gold.Science Advances that describes the properties of The alpha structure is about as hard as regular titaa 3-to-1 mixture of titaniumnium. It appears that labs thatand gold with a specific atomichad previously measured thestructure that imparts hardhardness of titanium-3-goldness. “It’s four times harderhad measured samples thatthan pure titanium, which islargely consisted of the alphawhat’s currently being usedarrangement of atoms.in most dental implants andThe team measured thereplacement joints.”hardness of the beta form ofIn fact, the atomic structurethe crystal in conjunctionof the material — its atoms arewith colleagues at Texas A&Mtightly packed in a “cubic” crysUniversity’s Turbomachinerytalline structure that’s oftenLaboratory and at the Nationalassociated with hardness — was Atomic structure of beta titanium-3-goldHigh Magnetic Field Laboratopreviously known. It’s not evenry at Florida State University,clear that Morosan and former graduate student Eteri Morosan and Svanidze also performed other comSvanidze, the study’s lead co-author, were the first to parisons with titanium. For biomedical implants, formake a pure sample of the ultra-hard “beta” form of example, two key measures are biocompatibility andthe compound. But due to a couple of lucky breaks, wear resistance. Because titanium and gold by themthey and their co-authors are the first to document selves are among the most biocompatible metals andthe material’s remarkable properties.are often used in medical implants, the team believedOne of the things done when a new compound is titanium-3-gold would be comparable. In fact, tests byformed is try to grind it into powder for X-ray pur- colleagues at the University of Texas MD Andersonposes. This helps with identifying the composition, Cancer Center in Houston determined that the newthe purity, the crystal structure and other structural alloy was even more biocompatible than pure titanium.properties. When the titanium–gold compound was The story proved much the same for wear resistance:formed it could not be ground up not even with a Titanium-3-gold also outperformed pure titanium.8 MARCH 2017 DIAMOND DISTRICT MONTHLY
The Show for ProfessionalJewelry Makers & DesignersMarch 12-14, 2017Javits Center, New York CityGo to MJSAExpo.org to learn more andregister for FREE today.Give us one day to help you: Discover technologies and bench tools thatspeed designs from concept to finished piece. Meet reliable and cost-effective contractors. Find the latest in gems, components, andother supplies that keep you on trend.Free shuttle service from MarriottMarquis and Hyatt Times Squareto the Javits Center Save money.Running concurrently with JA New York and the LUEUR Spring shows.1 badge, 3 shows, 1 location.DIAMOND DISTRICT MONTHLY MARCH 2017 9
FineJewelryMarketAustraliaCountry OverviewAustralia has a GDP per capita of 47,318 (2015 est.) with a GDP(PPP) of 1.137 billion (2015 est.). Australia has established abilateral Free-Trade Agreement with the U.S. and has an economy which has experienced nearly continuous growth withinthe past decade.U.S. jewelry exports saw positive growth in the export valueof gold based jewelry, which make up approximately 75.5% ofexport value, as well as silver based jewelry, which makes upapproximately 6.3% of U.S. jewelry export value to Australia.Moreover, there is a valuable growth for Base Metal Clad Jewelry,which is 18.1% of Export value. Although gold based jewelryappears to have a larger market in Australia, Base Metal CladJewelry grew a lot from 2013 to 2015 and should be a closelywatched product market in the future.2014 to 2015(% Change in value of U.S. exports, HS Code 7113 articles of jewelry & parts, of precious metal or clad)TOTAL-14711319—JEWELRY AND PARTS THEREOF; OF OTHER PRECIOUS METALS*-17711311—JEWELRY AND PARTS THEREOF; OF SILVER*-9711320—JEWELRY AND PARTS; BASE METAL CLAD WITH PRECIOUS METALS19Value in thousands of US Dollars150,000,000 134,788,122120,000,000ANNUAL EXPORT VALUEOF HS 7113 97,834,80190,000,000 000Value in thousands of US DollarsANNUAL EXPORT VALUE OF HS 7113Item30,000,000 31,719,47320132014TOTAL 25,000,000 26,409,080711319—JEWELRY AND PARTS THEREOF; OF OTH PRECIOUS METAL*79,479,753711311—JEWELRY AND PARTS THEREOF; OF SILVER448,72220,000,000 21,074,42015,000,000AND PARTS; BASE METAL CLAD W PREC 801EXPORTVALUE134,788,122OF HS 5,927,742YTD(MAR) 2014YTD(MAR) 2015YTD(MAR) 2016*HTS 71131910,000,000(Jewelry and parts thereof; of precious metal excluding silver) made up 78.2% of export value in YTD 2016.HTS 711311(Jewelry and parts thereof; of silver) made up 8.4% of export value in YTD 2016.HTS 711320 (Jewelry and parts; base metal clad with precious metal) made up 13.4% of export value in YTD 2016.5,000,000010 MARCH 2017 DIAMONDDISTRICT MONTHLY2015
Value in thousands of US Dollars150,000,000 134,788,122120,000,000 tralia 83,548,987ANNUAL EXPORT VALUEOF HS 71132013201430,000,00020150V
DIAMOND DISTRICT MONTHLY 580 5th Avenue, Suite 323 New York, NY 10036 Michael Grumet, Publisher michaelgrumet@diamonddistrict.org O.O. Barrett, Editor Natalia Cheviakova, Administrative Director info@diamonddistrict.org Bernard Rapaport, Advertising Sales adsales@diamonddistrict.org P: 212-302-5690 F:212-302-7835 Michael Mitchell, Art Director
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Central system with thermostat control Thermostat control. ONE DIAMOND TWO DIAMOND THREE DIAMOND FOUR DIAMOND FIVE DIAMOND Guestroom Amenities 22 The Diamond Rating Criteria The Diamond Rating Criteria 23 SECTION THREE Tou
Hilti (Canada) Corp. 1-800-363-4458 www.hilti.ca Diamond Coring EC-1 Diamond Coring Tool DD 110-D Diamond Coring Tool DD 120 Diamond Coring Tool DD 130 Diamond Coring Tool DD 200 Diamond Coring Tool Dust Removal Systems Diamond Cutting DSH 900 Ga
Spare parts for EDM SODICK 3080982 Diamond guide 87-3 type D 0.22 mm 3080990 Diamond guide 87-3 type D 0.26 mm 3080991 Diamond guide 87-3 type D 0.31 mm 3080998 Diamond guide 87-3 type D 0.11 mm 3080999 Diamond guide 87-3 type D 0.16 mm 3081000 Diamond guide 87-3 type D 0.21 mm 3081015 Diamond guide 87-3 type D 0.12 mm
CVD Diamond Pin Specimens The CVD diamond pin specimens were produced as follows: (1) a free-standing diamond film was pro-duced by the hot-filament CVD technique (ref. 5); (2) the film was brazed onto one end of a steel pin; and (3) the CVD diamond tip of the pin was then ground with a diamond wheel and polished with diamond powder.
Table of Contents a. District 1 pg. 6 b. District 2 pg. 7 c. District 3 pg. 9 d. District 4 pg. 10 e. District 5 pg. 11 f. District 6 pg. 12 g. District 7 pg. 13 h. District 8 pg. 14 i. District 9 pg. 15 j. District 10 pg. 16 k. District 11 pg. 17 l. District 12 pg. 18 m. District 13 pg. 19 n. District 14 pg. 20
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A diamond tool has four parts to its diamond-bond specifications. They are Mesh, Diamond Type, Concentration and Bond. Each of these have a definite effect on the performance of the diamond tool for a specific application. MESH: the size of diamond The size of the diamonds is classified according to the
