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Diamond News Broadcast
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Rapaport News |
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Industry consultant Ben Janowski discusses what the De Beers settlement means to the trade in the United States in terms of DTC business plans and the Forevermark. Platinum Guild International previews new jewelry lines in this first of a two part series. Fine jewelry brand Carrera...
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India: Gold Jewelry Sales Experience Further Declines
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Dialog NewsEdge |
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The Economic Times: It has not been a glittering time for jewellers. More than 15,000 jewellers have been at the receiving end of the soaring gold prices, which have caused their sales to dip by 75 percent. The end of marriage season have also compounded their woes.This...
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WJA Announces Agenda for 'Women in the Know' West Coast Conference
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Press Release |
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LOS ANGELES: Information and inspiration will be at the top of the agenda of the Women’s Jewelry Association’s 2nd Annual West Coast “Women in the Know” conference, to be held Friday, August 15, 2008, at the Hyatt Regency Century Plaza in Los Angeles. This dynamic full-day...
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No Recession in Tiffany's World
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Dialog NewsEdge |
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MarketWatch, SAN FRANCISCO: Seriously, how bad can things be?Tiffany & Co., who more than any other retailer exudes frivolous luxury, made clear Thursday that if there's a recession out there, it sure isn't having a major affect on its clientele.The company raised...
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Tiffany Shareholders Elect Fish, May to Board of Directors
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Jeff Miller |
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Tiffany & Co. stockholders elected Lawrence K. Fish and Peter W. May to its board of directors. They join seven incumbent directors who were re-elected. Fish, 63, is chairman of Royal Bank of Scotland America and chairman of Citizens Financial Group Inc. May, 65, is...
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RBC: Rough Prices Will Continue to Rise
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Avi Krawitz |
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RBC Capital Markets hosted its annual diamond conference in London on Thursday and cautioned that diamond prices would continue to rise as demand outpaces supply. “While the short-term outlook for consumer demand for diamonds is somewhat depressed, the longer-term outlook for...
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Stelman Diamond Partners Warns of Fraudulent Requests Going to Canada
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Avi Krawitz |
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Antwerp-based Stelman Diamond Partners has filed a complaint with police regarding a fraudulent scheme requesting goods to be sent to an address in Canada in the company’s name. “Stelman IDD NV does not have any office in Canada, nor is it affiliated in any way with any office in...
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JCPenney 1Q Profits -50%; Reports Weak Fine Jewelry Sales
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Avi Krawitz |
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J.C. Penney Company reported a significant drop in first quarter profits as the weakened consumer environment in the United States took its toll on the retailer. Net income for the three months ending May 3, 2008, fell 49.6 percent to $120 million, the company reported Thursday (May...
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Top Bidders Bidz and Others Await Judge's Nod for LID Inventory
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Jeff Miller |
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The winning bid for loose stones and jewelry at LID NY is pending Bankruptcy Court approval later today, but the company approved a bid total for its inventory of loose diamonds and jewelry at $32.85 million, up from $10.68 million earlier this month when bids first arrived....
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Avi Paz Closes World Diamond Congress
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Press Release |
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SHANGHAI, CHINA: MAY 15, 2008 –The following is the statement delivered by Avi Paz, president of the World Federation of Diamond Bourses, at the press conference which concluded the 33rd World Diamond Congress in Shanghai. After three days of formal sessions, we...
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Lonrho Mining Recovers 61ct fancy Yellow at Schmidtsdrift Mine
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Avi Krawitz |
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Lonrho Mining has recovered a 61.3 carat fancy yellow diamond at its Schmidtsdrift Mine in South Africa, the company said Thursday (May 15.) "This diamond is of extremely high quality and is expected to achieve a very high value,” Charles Mostert, chief executive officer of Lonrho...
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Mumbai Trade Seeks to Simplify, Lower Octroi Collection
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Dialog NewsEdge |
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The Economic Times, MUMBAI: Diamond traders in Mumbai are unable to find common ground with the Brihanmumbai Municipal Corporation (BMC) on the payment of octroi. If the spat continues, Mumbai could soon find itself unattractive to the diamond trading business.Octroi, a...
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Christie's Magnificent Jewels Sale Geneva Tops $59M, Sets New Record
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Jeff Miller |
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Christie's Magnificent Jewels sale in Geneva realized a total of $59,245,750, which was a new jewelry auction record for the company. Christie's sale today sold 73 percent by lot. Of the top selling lots, a 13.39 carat, VS1, rectangular mixed-cut fancy intense blue diamond...
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IDCA to Award Top Honors to Retailers Wal-Mart, Bidz
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Press Release |
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New York - The Indian Diamond and Colorstone Association (IDCA) will host its Annual Gala Awards Night on Saturday, May 31, 2008 at the Venetian Resort and Casino in Las Vegas, Nevada during the JCK Las Vegas Show, one of the most important jewelry trade shows in the world. The...
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Shore Gold Narrows Loss 47% in 1Q
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Jeff Miller |
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Shore Gold Inc. reported a net loss of $2.2 million for the quarter ending March 31, 2008, down from a net loss of $4.2 million one year ago. Expenditures included $8.9 million at Fort a la Corne; $1.9 million on the Star Diamond Project; and $2.3 million on other...
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Moshe Schnitzer Named WFDB Diamantaire of the Year
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Avi Krawitz |
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The World Federation of Diamond Bourses (WFDB) named its former president, the late Moshe Schnitzer, as the first WFDB Diamantaire of the Year. Schnitzer passed away in August 2007. "We were very much aware that the first recipient of the Diamantaire of the Year award would set the...
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Turkey, Australia, Panama Diamond Exchanges Join WFDB
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Avi Krawitz |
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The World Federation of Diamond Bourses (WFDB) accepted three new diamond exchanges as members during the organization's general assembly in Shanghai this week. The three exchanges were the Diamond Dealers Club of Australia, the Istanbul Gold and Diamond Exchange, and the Panama...
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