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Movado's Gedalio Grinberg Passes Away at 77
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Jeff Miller |
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The Movado Group announced that its founder and chairman of the board, Gedalio Grinberg, passed away on January 4, 2009, at the age of 77. Gedalio's son Efraim Grinberg, who is president and chief executive officer of Movado, said, "My father was a great man who touched many...
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Graff Remains Bullish on the Diamond Market for 2009
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Dialog NewsEdge |
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The Sunday Telegraph: Still cutting it in the diamond business Garry White talks to billionaire high-end jeweller Laurence Graff about art, gems and a life-changing trip to Blackpool."If you can add beauty to the world, it's a wonderful thing to do,'' says Laurence Graff a...
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IGI Continues to Drive Consumer Awareness
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Press Release |
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NEW YORK – As a result of its efforts to directly reach consumers through an ongoing, targeted education and awareness program, IGI saw high-profile 2008 media coverage in numerous respected consumer publications, newswire services and popular websites.IGI’s...
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The Israeli Diamond Industry to Shine at Macau Jewelry and Watch Fair
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Press Release |
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Ramat Gan, Israel, January 5, 2009: The Israeli Diamond Industry is once again planning a significant presence at the Macau Jewellery & Watch Fair, which will be held for the second time from January 8-11, 2009 at the Cotai Strip Convention and Exhibition Center at the...
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Christian Bernard Files Bankruptcy
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Avi Krawitz |
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Christian Bernard Jewelers has filed a chapter-7 bankruptcy petition to the U.S. Bankruptcy Court for the District of New Jersey. In the December 26 filing, the company said its collapse came due to a slump in sales and limited access to credit. The company reportedly has assets...
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Thai Gem Assoc. Offers Incentives to Buyers at Bankok Fair
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Press Release |
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Bangkok, January 2, 2009: The Bangkok Gems and Jewelry Fair (BGJF) and its parent organization, the Thai Gem and Jewelry Traders Association (TGTJA), this week announced incentives to both attract and assist international buyers to the 43rd Bangkok Gems & Jewelry Fair,...
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Online Jewelry Sales End Holiday Season -24%
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Avi Krawitz |
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Online sales of jewelry and watches fell 24 percent for the first 24 days of December, compared with the period from November 26 through December 19, 2007, according to comScore, as sales in the final week before Christmas slowed. The research company previously reported that sales...
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Israel’s Polished Exports -12% in 2008; Net Diamond Acct. -15%
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Avi Krawitz |
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Israel’s polished diamond exports fell 12 percent to $6.24 billion in 2008 as the global financial crisis during the final quarter had a major impact on the year-end results, the country’s Ministry of Industry, Trade and Labor reported Sunday. Polished imports for the year decreased...
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Shear Minerals Raises $400K in Private Placement
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Avi Krawitz |
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Shear Minerals Ltd. raised gross proceeds of CAD 500,000 ($414,250) in a non-brokered private placement of its shares, the exploration company reported Friday. The funds will be used to cover expenses at the Churchill Diamond project in Nunavut, Canada. Earlier in December, Shear...
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Hong Kong Nov. Retail Sales +1%; Jewelry & Watch -4% by Volume
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Avi Krawitz |
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Hong Kong’s retail sales in November rose 1.1 percent compared with one year ago, to HKD 20.5 billion ($2.64 billion), according to the government's Census and Statistics Department. Discounting the effect of inflation over the period, the volume of sales fell 2.8 percent. Sales of...
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Gujarat Chief Minister Fails to Revive Diamond Polishing Units
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Dialog NewsEdge |
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Indo-Asian News Service, SURAT: Gujarat Chief Minister Narendra Modi's December 26 assurance that diamond workers' livelihood would be secured has not instilled confidence among them. Not all closed diamond polishing units have resumed operations, and eight workers have committed...
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Birmingham Assay Office Broadens Range of Services
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Press Release |
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The Birmingham Assay Office, now the largest Assay Office in the world, has broadened its range of services to include diamond certification, jewelry, watch and silverware valuation and a host of other product-testing services. This not-for-profit organization has been a center...
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Rapaport TradeWire - Friday, January 02, 2009
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Rapaport |
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Rapaport TradeWire - Friday, January 02, 2009News: U.S. holiday luxury sales plummet some 34% as weak economy, bad weather, and fewer holiday shopping days reduce sales in spite of heavy discounting. Chain store sales down 1.8% in last week...
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Market Comments 1/2/2009
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U.S. holiday luxury sales plummet some 34% as weak economy, bad weather and fewer holiday shopping days reduce sales in spite of heavy discounting. Chain store sales down 1.8% in last week of year. While overall Internet sales were also weak, Amazon reports strongest holiday season in history with... 
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Rio Tinto to Mine Diamonds in Madhya Pradesh
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Dialog NewsEdge |
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Indo-Asian News Service, BHOPAL: Rio Tinto India will soon set up a project for production of diamonds in Madhya Pradesh, India, the state government has said. “The company has detected a diamond deposit in Chhatarpur district and will soon set up a diamond project for commercial...
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Israel Market Report: Taking Initiative
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Avi Krawitz |
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Israel’s diamond establishment stepped up its efforts to boost trade in the Ramat Gan bourse and help diamantaires compete in the current recessionary environment. “We know this is a very difficult period and are doing everything we can to assist our members to get through it,” said...
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Economic Bulletin
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Rapaport |
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CPI for Jewelry UpThe year-to-year consumer price index (CPI) for jewelry in the U.S. rose 6.8 percent to 154.68 points during the month of November, according to statistics provided by the Bureau of Labor Statistics (BLS). The rate, which uses average prices from 1986 as its...
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News Briefs
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Rapaport |
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Gemex Sues Zale and GS LabsGemEx Systems brought a lawsuit against Zale Corporation and GS Laboratories of America (GSL), alleging false advertising under the Lanham Act. GemEx told the court that it had helped develop Zale’s “celebration diamond” and the marketing rollout...
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China Market Report: Keeping Faith
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Julius Zheng |
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Amid the global financial tsunami, China is striving for an economic soft landing in 2009, and for a renewal of the growth cycle that has taken the country through five years of double-digit economic growth. The central government, pledged to focus more on the quality than the speed...
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