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Diamond News Broadcast
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Rapaport News |
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Good demand for melee and stars in India...financials out of the U.S. continue to record profit declines (Saks, Nordstrom, Swatch)...Realeyez 3D out of Israel demonstrates their latest motion technology to help retailers bring jewelry products to life online.
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Vaaldiam to List Assets in Canada Under New Subsidiary
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Jeff Miller |
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Vaaldiam Resources Ltd. plans to transfer its interests in Canada to a newly formed, initially wholly-owned, subsidiary which will be called Craton Minerals Ltd. Forty-nine percent of Craton's shares will be initially transferred to Vaaldiam's shareholders with the...
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Namibia: U.S. Fraud Case Rocks a Skeleton Coast Diamond Mine
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Dialog NewsEdge |
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The Namibian: A bombshell was dropped on the Toscanini diamond mine on Namibia's Skeleton Coast after two of its investment brokers, Steven Byers and Joseph Shereshevsky of Chicago-based Wextrust LLC, were arrested this past week by the U.S. Securities Exchange Commission...
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Macau 2Q Jewelry Sales +19%
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Jeff Miller |
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Retail sales in Macau during second quarter rose 40 percent to $575 million. The total was pushed ahead by a 19 percent increase in sales of jewelry (watches and clocks.)For the first half of 2008, retail sales have risen 43 percent to $1.14 billion, according to government...
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Pallinghurst Debuts on JSE
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Zach Helke |
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Investment fund Pallinghurst Resources Guernsey Ltd, which owns the Faberge luxury brand, debuted on the Johannesburg Securities Exchange (JSE) Thursday (August 20, 2008.) The fund is trading under the PGL.JO ticker, and began the day at ZAR 8.50 and rose to ZAR 9.20 by...
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GIA Career Search Engine Goes Global
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Press Release |
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CARLSBAD, Calif., - Aug. 19, 2008: The Gemological Institute of America (GIA) has enhanced its Career Search Engine so it now includes international career opportunities posted by companies from various countries. This online service represents the largest free online employment...
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Signet Shareholders Approve Move of Primary Listing to New York
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Avi Krawitz |
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Signet Group will make the New York Stock Exchange its primary listing after shareholders gave their approval on the move. The company’s primary listing is currently on the London Stock Exchange and the move to New York is expected to take effect on September 11, 2008, the retail...
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Nasdaq Grants 180 Days for Charles & Colvard to Boost Share Price
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Jeff Miller |
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The Nasdaq informed Charles & Colvard Ltd., (NASDAQ: CTHR) that the company's common stock is subject to potential delisting. For the past 30 days the moissanite creator's common stock has closed below the minimum $1 per share requirement. Charles & Colvard was...
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Shopflick Adds Seller Video Marketplace
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Jeff Miller |
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When Shopflick launched its online video shopping marketplace more than a week ago listed jewelry price points were all under the $300 mark. But today, as Shopflick re-announced its launch, the number of jewelry products for sale have increased and some price points are...
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JVC Lists Countries with Anti-money Laundering Laws in Place
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Jeff Miller |
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The Jewelers Vigilance Committee (JVC) compiled a list of countries that have laws in place to prevent money laundering in the jewelry industry. The United States generally exempts jewelry retailers from the obligation of implementing anti-money laundering (AML) programs,...
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A. Jaffe Fashion Jewelry to Hit Stores in October
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Jeff Miller |
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In October, A. Jaffe will premiere a new range of bridal and fashion jewelry at stores in the United States. The underlying theme behind the new jewelry designs is “every occasion is special.” The new collections are meant to inspire and remind consumers that the every day...
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Saks 2Q Net Loss +29%, Sales -4%
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Avi Krawitz |
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Saks Incorporated moved further into the red in its second fiscal quarter 2008 as most product categories softened during the period. Net loss increased 29 percent to $31.7 million for the three months ending August 2, 2008. Net sales fell 3.6 percent to $669.23 million and...
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De Beers Rough Prices +16% in 2008
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Avi Krawitz |
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De Beers reported Tuesday it has increased its rough diamond prices by an average 16 percent so far in 2008, including this week’s August sight. The company’s sales unit, Diamond Trading Company (DTC,) explained that the strongest increases were seen in rough that produces “highly...
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DTC Announces Cumulative Price Increases for 2008
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Press Release |
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London, August 19, 2008: As part of Diamond Trading Company’s (DTC) commitment to its sightholders, the DTC has today shared a summary of its rough diamond price adjustments so far in 2008, up to and including the forthcoming August sight. DTC now provides this information at...
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Armenia’s Polished Diamond Production -21% in 1H
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Avi Krawitz |
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Armenia’s polished diamond production fell 20.6 percent to 52,316 carats in the first of 2008, according to the Arka news service. Armenia’s diamond polishing industry has been on a steady decline in recent years as Russia rough supplies dwindled. Reportedly, Russian diamond...
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Petra Workers End Strike at Helam Mine
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Avi Krawitz |
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Workers at Petra Diamonds' Helam mine in South Africa reached an agreement with management to end a month-long strike. Approximately 600 of the mine’s 700 workers laid down their tools on July 24, 2008 due to a wage dispute with the company. Petra claimed the dispute was settled...
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Gemfields Opens Gemstone Cutting Facility in India
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Avi Krawitz |
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Gemfields Resources, a producer of colored gemstones in Africa, has opened a cutting and polishing facility in Jaipur, India. “This is a significant milestone in Gemfields’ vision for the colored gemstone industry,” Rajiv Gupta, founder and executive vice-chairman of Gemfields said...
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Botswana: The Second Diamond Revolution
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Dialog NewsEdge |
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MMEGI:An ambitious plan for Botswana to chart its own course in the diamond industry, which has been on the drawing boards since 2002, is about to unfold. As Wanetsha Mosinyi reports, key aspects of "the second diamond revolution" entail almost parting ways with the De Beers...
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Japan's July Department Store Sales -2% On Consumer Pessimism
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Dialog NewsEdge |
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Japan Economic Newswire, TOKYO: Japan's department store sales in July fell 2.5 percent from a year earlier on a same-store basis, a decline for the fifth consecutive month. An industry group said Monday that consumer anxiety about rising prices and the future course of the economy...
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