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Rapaport TradeWire - Friday, December 5, 2008

Dec 5, 2008 3:27 AM   By Rapaport
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RAPAPORT...
Rapaport TradeWire - Friday, December 5, 2008
==============================================

Rapaport  Weekly Market  Comments:  Strong  U.S.  Thanksgiving-weekend
discounts  draw large crowds  on Black  Friday even  as  Nov.  suffers
record  drop  (-2.7%) in  same-store sales.  Lower-end diamond jewelry
with price points under $500 did well as retailers gave huge discounts
to clear inventory.  Total consumer holiday-weekend  spending was only
2% ahead of 2007 to $17 bil., and retailers are concerned they may not
see  shoppers  again  until  just  before  Christmas.  U.S.  recession
officially declared as it enters second year.  Mumbai attacks expected
to  slow   already  quiet  Indian  market.   Big  stones   exceed  dim
expectations as Christie's  Hong Kong sale brings $33.5 mil  (63% sold
by lot).  Round 10.98-ct, D flawless sold for $1.9 mil.  ($172,000/ct)
and a pair of round  16-caraters  sold  for $5.6 mil  ($175,000 p/ct).
Graff  buys 478-ct.  rough Letseng diamond from Gem  Diamonds  for $18
mil. Japan's Oct. polished imports fall 17% to $74.92 million.


--------------
ANNOUNCEMENTS:
==============

================================
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================================

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Victor Van der Kwast: ABN Amro - Banking
Rahul Kadakia: Christie's - Big Stone Boom
Gerald Celente: World Economy
Martin Rapaport: Diamond Markets of the Future
Ralph Destino: Chairman GIA - Branding
Neil Goldberg: CEO Zale - Retailing
Mark Moeller: President AGS - Are Bread & Butter Goods Toast?
James Shigley: GIA Research - Treatments and Synthetics

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http://www.diamonds.net/Conference/2008/Default.aspx

Email: IDC@Diamonds.Net
Telephone: +1-702-893-9400


---------------
RAPAPORT EVENTS
===============

Please check our events page to view
upcoming Rapaport events and show locations.



-------------
RETAIL QUOTE:
=============


"We're trying  to  be much  more  targeted and  give  customers a more
intimate experience with our brand [by sponsoring a lavish Damiani and
Angeleno magazine dinner party in Los Angeles].  These  days, you need
to be very efficient with your marketing dollars."

---Laurie Patruno,
   Damiani store manager, Beverly Hills


-----------
WORLD NEWS:
===========


---Diamantaires Leave Taj Before Siege; Industry Expresses Shock

A  dinner party  hosted  by a leading Gujarati diamond  trader saved a
number of  diamantaires  from  the siege at  the  Taj hotel in Mumbai.
Varda  Shine, managing  director of the Diamond  Trading Company (DTC)
and other senior company officials from London walked out of the hotel
to attend a dinner party  shortly before gun-toting terrorists stormed
in around 10 p.m.

After  the  terrorist  event,  condolences  from  across  the  diamond
industry were expressed for the  people of Mumbai.  The Rapaport Group
and Rapaport India pledged its support for the spirit of Mumbai and to
continue expanding offices and presence  in Mumbai.  "We will continue
to  support  the  Mumbai diamond  industry  through  these challenging
times."

The  NY  Diamond  Dealers  Club  conveyed  its  deepest  and sincerest
condolences at the tragic loss of life. "All of us were shocked at the
revolting  attacks on  innocent  people  by  ruthless  fanatics, whose
purpose was to kill and maim as many people as possible."

The Diamond  Manufacturers & Importers  Association of  America (DMIA)
expressed its collective "horror and dismay" at the acts of terrorism.
"The  DMIA  extends  our  deepest sympathies  and  condolences  to the
families of  the innocent  victims  who  have  lost  their  lives, and
condemns  all  acts  of  terrorism  which  violate  the  foundation of
humanity."


---Record Drop for Nov.  Retail Sales Cause Downgrade 

Chain-store sales in the  United States fell  at record 2.7 percent in
November.  Given these results, the  International Council of Shopping
Centers (ICSC) downgraded its prediction for Christmas  holiday sales,
from an increase of 1 percent to between flat and down 1 percent. This
is the second downgrade since ICSC first predicted a sales increase of
1.7 percent in September.


---Graff Buys 478ct Letseng Gem for $18M

Laurence Graff  bought  the  478-carat  'Leseli la  Letseng'  from Gem
Diamonds for $18.4 million.  He  purchased  the stone through SAFDICO,
the  manufacturing  arm  of  Graff  Diamonds,  outbidding   six  other
diamantaires and proving he’s prepared to pay top dollar even in these
market conditions.  The diamond's selling  price works out  to $38,400
per  carat,  Gem Diamonds  reported,  compared with  a  current global
average diamond price of $90 per carat.


---Rapaport Broadcast News

U.S retail sales  over  Thanksgiving  weekend  show  moderate results,
contrary to  early predictions  and we take a deeper  look  at diamond
jewelry special online for CyberMonday.



--------------
DIAMOND STATS:
==============


---Israel to Hold-off Giving November Diamond Trade Data

Israel will withhold diamond import and export  data for  November due
to the low level of trade  experienced during the month.  “The figures
for November  were very low and we don’t  want to  embarrass anyone by
publishing  them,” said country  diamond  controller Shmuel Mordechai.
October exports fell 46 percent from the same month last year, and the
decline in November was expected to be even steeper.


---Russia’s Year-to-Date Rough Exports Sink -33%

Russia exported  22.844  million  carats of  rough diamonds during the
first  nine  months  of 2008, which was  a  drop  of  approximately 33
percent  from 2007.  The country’s total rough  exports were valued at
$1.529 billion, revealed a drop  of 39  percent from the $2.52 billion
exported in 2007.


---Japan’s Polished Diamond Imports -17% in Oct.

Japan’s polished  diamond imports fell 17 percent to $74.92 million in
October  2008.  By volume,  imports  declined  14  percent  to 229,706
carats.  Buying  from  India,  Japan’s  largest  source  for  polished
diamonds, dropped 32 percent to $33.19 million, and from  Israel by 23
percent to $6.82 million. Imports from Belgium increased 19 percent to
$21.3 million.  For  the first 10 months of the year, Japan’s polished
diamond imports fell 11 percent to $670.99 million.


------------------------
RETAIL & WHOLESALE NEWS:
========================


---Strong Start to U.S. Holiday Spending

Black Friday retail sales increased 3 percent to about  $10.6 billion,
bucking the negative forecasts for the Thanksgiving weekend.  Sales on
the following  day however fell 1 percent to $6 billion.  Online sales
in the U.S.  rose 15  percent on CyberMonday  to  $846  million.  This
online spike  helped  to slow the drop  in  online retail sales so far
this  season.  Online  retail sales  have dipped  2  percent to $12.03
billion from November 1 through December 1, compared with 2007.


---Strong Diamond  Prices Help  Christie’s  Hong Kong Sale

Diamonds performed well  at the  Christie’s  Hong  Kong jewels sale on
Tuesday  as prices proved resilient  in the  face of  current economic
trends. Christie’s garnered $33.52 million (HKD 259.82 million) at the
auction,  selling 63 percent of the 289 lots on offer.  All of the top
10  lots  went  to  private  Asian  buyers.  The  top lot,  a  pair of
circular-cut,  D-color  flawless  diamonds weighing  16.11  carats and
16.08 carats respectively, sold for $5.65 million (HKD 43.78 million),
or approximately $175,000 per carat.


---Movado 3Q Sales -25%, Profit -41%

Movado Group's sales fell 24.6  percent  to $135.85 million during its
third  quarter.  For  the three months ending October 31,  2008, gross
profit  was 63.5 percent of sales,  compared with  61 percent one year
ago.  Company profits dropped 41 percent  to $15.73  million.  For the
first nine months  of Movado's  fiscal  year 2009, sales have declined
12.8 percent to $366.89 million  and net income has fallen  39 percent
to $25.79 million.


---Kohl's Nov. Sales -14%, Same-store -18%

Kohl's Corporation's  sales  fell  13.7  percent to  $1.75  billion in
November. Comparable-store sales decreased 17.5 percent. Sales for the
10 months through November  29 have fallen 1 percent to $12.9 billion,
while comparable-store sales have dropped 7.7 percent.


---Dillard's Nov. Sales -10%, Same-store -9%

Dillard's  November  sales  fell  10  percent to  $505.8  million, and
same-store sales decreased 9 percent.  Sales were significantly "above
the average" in the central region of the U.S., but were significantly
below the trend in  the eastern and western regions.  Sales for the 43
weeks through November 29 have declined 6 percent to $5.3 billion, and
same-store sales dropped by the same amount.


---Neiman Marcus Nov. Sales -10%, Same-store -12%

November sales at Neiman Marcus fell 10.2 percent to $324 million, and
comparable-store revenues were down 11.9 percent to $318 million.  The
merchandise  categories  in the  specialty retail  stores segment that
performed  best included  designer handbags,  shoes  and  women's fine
apparel.


---Saks Nov. Sales -4%, Same-store -5%

Saks  reported  that  its  November sales fell  4.2  percent to $332.9
million due to “very  challenging retail conditions.” Comparable-store
sales decreased 5.2 percent for the four weeks ending November 29. For
the first 10 months of its fiscal year, sales were down 2.6 percent to
$2.54  billion,  while  comparable-store  sales  declined  by the same
amount.


---Nordstrom's Nov. Sales -12%, Same-store -16%

Nordstrom's  November  sales  fell  12.1  percent  to   $707  million,
according  to  preliminary  results.  Same-store  sales  for  November
decreased 15.9 percent. Year-to-date sales have dropped 6.2 percent to
$6.68 billion and same-store sales have decreased 8.6 percent.


---JCPenney Nov. Sales -12%, Jewelry Remains the Weak Spot

J.  C.  Penney Company's November sales dropped 11.5 percent to $1.815
billion, and same-store  sales fell  11.9 percent.  For nearly  all of
2008, JCPenney has  been citing  poor  sales performance for  the fine
jewelry sector, a trend that continued in November.


---Macy's Nov. Sales -14%

Macy's  sales in November fell  14.1 percent  to  $2.327  billion, and
same-store  sales  were  down  13.3  percent.  Year-to-date sales have
dropped  5.6 percent to  $19.285  billion, and  same-store  sales have
fallen 4.8 percent.


---Finlay Extends Quarterly Loss as 3Q Sales +13%, Same-store -15%

Finlay Enterprises' third  quarter sales  rose 12.9 percent  to $160.3
million, driven mainly by the acquisition of Bailey Banks & Biddle one
year ago.  Finlay reported a  net loss of $20.8  million for the three
months ending  November 1, up from  a net loss of $7.5  million in the
same period of 2007. Same-store sales fell 14.9 percent.


---BJ's Nov. Sales +5% But Weak Demand at Jewelry Dpt.

BJ's Wholesale Club reported that  its November sales rose 5.2 percent
to   $783.2  million  and  same-store  sales   were  up  4.1  percent.
Year-to-date sales grew 13.7 percent to $8.1  billion,  and same-store
sales are up  11.4  percent.  Jewelry came in  as  one of  the weakest
departments at the wholesale club.


---Breeden Ups Stake in Zale to 28%

Breeden  Capital Partners  has  raised  its  stake  in  Zale  to 28.46
percent.  Richard  Breeden  first  invested  in the  jewelry  chain in
September 2007, acquiring an initial 7.7 percent stake. In January, he
upped his investment to 18.1 percent and was appointed to Zale’s board
along with James Cotter, a founding partner of Breeden Capital.


---Yehuda Diamonds Sues Blue Nile Over Non-Disclosure Practices

Yehuda Diamonds, a Blue Nile  competitor, has  filed a lawsuit against
Blue  Nile,  charging  that  Blue  Nile  does  not  adequately  inform
customers whether  the emeralds and emerald jewelry  sold  on its site
have been artificially enhanced. The lawsuit further accuses Blue Nile
of using false advertising and deceptive business practices. Blue Nile
responded to the  charges, calling the  accusations  and  baseless and
noting that, "nearly all  emeralds  sold  at  fine jewelers, including
Blue Nile, are infused with a colorless substance to enhance clarity.”


---Lenox Group Files Chpt. 11

Lenox  Group filed  for bankruptcy protection in the  U.S.  Bankruptcy
Court  for  the  Southern  District  of  New  York,  citing  "economic
conditions and an  excessive debt load."  The Minnesota-based jewelry,
fine  china and house wares  retailer  plans to  secure $85 million in
debtor-in-possession financing to fund its operations while in Chapter
11 proceedings.


------------
WHO IS NEWS:
============


---ABN AMRO Diamond Head Loet Kniphorst Retires

Loet  Kniphorst,  global  head  of  ABN  AMRO’s  diamond  and  jewelry
divisions plans to  retire at the end of the year.  Kniphorst has been
with ABN  AMRO for 34  years  and served  as head  of  the diamond and
jewelry unit for the past five.  No replacement  has been named by the
bank. Kniphorst said he will continue as an advisor to the diamond and
jewelry division.


---Video Feature:  DTC's Varda  Shine on  Market  Conditions

Varda Shine, Diamond Trading Company (DTC) managing director, explains
the impact that the financial crisis is having on the diamond industry
and De  Beers’ outlook for consumer spending, its marketing  focus and
mine maintenance plan. (Video courtesy of De Beers.)



-------------
GENERAL NEWS:
=============


---Police Arrest Nine in Damiani Robbery

Police  arrested  nine suspects  in  the  dramatic  daytime robbery of
Damiani's Milan  jewelry  showroom  this past February.  Investigators
said the  men were  picked  up  in  Milan  and  Sicily as  part of the
investigation.   The  stolen  diamonds  and   jewelry  have  not  been
recovered.


---GIA Postpones 2009 Conference, Offers Holiday Express Service

The  Second Gemological Research  Conference, scheduled to  take place
August 21–23, 2009 in San Diego, California, has been postponed due to
the  "serious  downturn  in  the  global  economy,"  according  to the
Gemological Institute of America (GIA).

In other GIA news, the lab is once again offering  its Holiday Express
Service  through  December 19.  The program  offers expedited services
upon request  and makes  it possible  for a  customer  to  get results
within three days, excluding shipping time.


--------------------
DIAMOND MINING NEWS:
====================


---Saad Investments Increases Stake in Petra Diamonds to 43%

Petra  Diamonds  reported  that  Saad  Investments  Company  purchased
additional shares in the diamond mining company. Saad now owns a 43.01
percent  stake in  Petra,  with  more  than  79  million shares.  Saad
Investments increased its holdings to almost 36 percent in September.


---Kopane Suspends Lesotho Diamond Production

Kopane Diamond Developments has suspended production  at its Liqhobong
development project  in Lesotho  due to the  current "severe" economic
and market turbulence.  The company noted that economic conditions had
caused diamond  prices  to fall  by  between  30 and 50  percent since
October 2008, adding that it was still not clear when they will return
to previous levels.


---BRC DiamondCore Suspends Operations Due to Weak Pricing

BRC DiamondCore Ltd.  suspended bulk sampling at its projects in South
Africa’s Northern Cape due to the recent fall in rough diamond prices.
Mike  de  Wit,  BRC  DiamondCore's  president, said  that  the company
expects rough prices  to recover in 2009, but added that, in the short
term,  there  is a need to “conserve cash  in light  of current market
conditions.”


---Absent Additional Funds, Tahera Diamond Corp. to Close in Dec.

Tahera Diamond Corporation will close its  doors if additional funding
to  support its  operations is not found by  mid-December.  The junior
diamond mining  company  said  in  a  statement that  its current cash
reserves will be  exhausted  between December 15  and December  22, at
which point it will  be forced to  cease operating,  with no value for
Tahera's shareholders.


---West African Diamonds to Launch Diamond Production in Guinea in 1H

West  African  Diamonds  (WAD)  said  it  expects  to  start producing
diamonds from its Bomboko alluvial mine in Guinea in the first half of
2009.  The company said it will  initially recover about 900 carats of
“good  quality  diamonds”  from the mine  each month,  with production
expected to double during the first year.


---ALROSA  Cleared  to Bail Out KIT  Finance

ALROSA  received  antitrust approval  for  its  buyout of  KIT Finance
Holding.  The diamond mining  company agreed to  bail out KIT in early
October by acquiring a 45 percent stake in the troubled bank. ALROSA’s
acquisition  of KIT has sparked some concern  among investors that the
diamond  mining  company   is  overexposed  in   its   debt  position.
VneshTorgBank  (VTB),  however  will  assist  the  mining  company  in
repaying its creditors -- with a loan of $1.6 billion.  According to a
report from Standard & Poor's (S&P)  --  which has downgraded ALROSA's
long-term  credit rating  from  "BB"  to  "BB-"  --  ALROSA faces debt
repayments of  $1.65  billion  in the  fourth  quarter  of 2008, and a
further $1.2 billion in 2009.


-----------
ECON WATCH:
===========


                         Dec.4     Nov. 20     Chng.           
                    
$1 = Euro                0.782      0.803     -0.021      
$1 = Rupee              49.8       50.2       -0.4      
$1 = Israel Shekel       3.98       4.04      -0.06      
$1 = Rand               10.29      10.78      -0.49      
$1 = Canadian Dollar     1.28       1.29      -0.01      
                      
                    
                         Dec.4     Nov. 20     Chng.           
                    
Precious Metals                     
Gold                   $765.10     $745.40    $19.70      
Platinum               $793.00     $784.00     $9.00      
                     

Stock Indexes            Dec.4       Nov. 20      Chng.    %Chng.       

BSE                    9,229.75     8,451.01     778.74     9.21%
Dow Jones Avg.         8,376.24     7,553.56     822.68    10.89%
FTSE                   4,163.61     3,874.99     288.62     7.45%
Hang Seng             13,509.78    12,298.56   1,211.22     9.85%
S & P 500                845.24       752.44      92.80    12.33%
Yahoo! Jewelry Index     552.99       493.93      59.06    11.96%
                    
                    
USA                      Dec.4       Nov. 20      Chng.     %Chng.         

Abazias                  $0.37         $0.40     -$0.03     -7.50%
Birks & Mayors           $0.70         $0.70      $0.00      0.00%
Blue Nile               $24.26        $21.59      $2.67     12.37%
Charles & Colvard        $0.25         $0.30     -$0.05    -16.67%
Collector's Universe     $2.71         $2.85     -$0.14     -4.91%
DGSE Companies, Inc.     $1.05         $1.12     -$0.07     -6.25%
Fuqi International       $5.91         $5.64      $0.27      4.79%
JCPenney                $19.72        $14.38      $5.34     37.13%
Kohl's                  $34.07        $24.98      $9.09     36.39%
Lazare Kaplan            $4.73         $4.45      $0.28      6.29%
LJ International         $0.61         $0.49      $0.12     24.49%
Macy's                   $7.72         $5.85      $1.87     31.97%
Man Sang                 $1.39         $1.40     -$0.01     -0.71%
Movado Group            $11.29        $10.71      $0.58      5.42%
Nordstrom               $11.76         $8.40      $3.36     40.00%
Saks                     $5.15         $3.30      $1.85     56.06%
Signet                   $8.08         $7.94      $0.14      1.76%
Sotheby's                $8.58         $8.62     -$0.04     -0.46%
Tiffany                 $21.00        $17.86      $3.14     17.58%
Wal-Mart                $54.53        $50.66      $3.87      7.64%
Zale                     $4.24         $8.08     -$3.84    -47.52%
                    
EUROPE                    
Bulgari                  €4.65         €4.40      €0.25      5.68%
Citizen Holdings         €3.94         €3.94      €0.00      0.00%
Esa                      €4.10         €3.74      €0.36      9.63%
Golay-Buchel       CHF1,699.00   CHF1,800.00 -CHF101.00     -5.61%
LVMH                    €43.57        €39.49      €4.08     10.33%
Pinault P-R SA          €35.50        €32.10      €3.40     10.59%
Richemont SA          CHF20.48      CHF18.32    CHF2.16     11.79%
Sakha Diamonds           €0.26         €0.27     -€0.01     -2.99%
Swatch Group         CHF143.20     CHF120.80   CHF22.40     18.54%
Theo Fennell (pence)     22.00         20.00       2.00     10.00%
                    
HONG KONG                    
                         
King Fook             HKD 0.38      HKD 0.33   HKD 0.05     15.15%
Noble Jewelry         HKD 0.42      HKD 0.41   HKD 0.01      2.44%
Tse Sui Luen          HKD 0.81      HKD 0.83  -HKD 0.02     -2.41%
                    
INDIA (rupee)                     
Classic Diamond          15.00         22.20      -7.20    -32.43%
Gitanjali Gems           71.90         60.05      11.85     19.73%
Rajesh Exports           24.45         21.90       2.55     11.64%
Ren. Jewellery           23.10         18.55       4.55     24.53%
Su-Raj Diamonds          23.50         23.30       0.20      0.86%
Titan                   877.65        849.25      28.40      3.34%
Zodiac JRD               11.94         11.05       0.89      8.05%
Shantivijay Jewels      150.60        150.75      -0.15     -0.10%
Shukra Jewellery          3.60          3.65      -0.05     -1.37%
Suashish Diamonds       203.85        240.05     -36.20    -15.08%
                    
NEW ZEALAND                    
Michael Hill           NZD0.59       NZD0.58    NZD0.01      1.72%
                    
SINGAPORE                    
Gems TV Holdings      SGD0.050      SGD0.065  -SGD0.015     -23.08%
Sarin Technologies    SGD0.140      SGD0.150  -SGD0.010      -6.67%
                    
MINING STOCKS                    
(pence unless noted)                    
                    
USA                     
Anglo American           $9.14         $7.30      $1.84      25.21%
                    
CANADA                    
Archangel             CAD 0.30      CAD 0.45  -CAD 0.15     -33.33%
Harry Winston         CAD 4.52      CAD 6.05  -CAD 1.53     -25.29%
Mountain Province     CAD 1.12      CAD 1.17  -CAD 0.05      -4.27%
Peregrine Diamonds    CAD 0.38      CAD 0.37   CAD 0.01       2.70%
Rockwell Diamonds     CAD 0.07      CAD 0.04   CAD 0.03      75.00%
Shore Gold            CAD 0.31      CAD 0.38  -CAD 0.07     -17.33%
Stornoway Diamond     CAD 0.09      CAD 0.10  -CAD 0.01     -10.00%
True North Gems       CAD 0.07      CAD 0.09  -CAD 0.02     -17.65%
                    
UK (pence)                    
African Diamonds          36.0          41.9       -5.9     -13.98%
BHP Billiton           1,060.0         752.5      307.5      40.86%
Firestone Diamonds        23.0          22.5        0.5       2.22%
Gem Diamonds             260.0         211.8       48.3      22.79%
Mano River                 2.0           1.5        0.5      33.33%
Mwana Africa               2.8           3.8       -1.0     -25.93%
Namakwa Diamonds          35.8          41.0       -5.3     -12.80%
Petra Diamonds            74.0          70.3        3.8       5.34%
Rio Tinto plc          1,087.0       2,022.0     -935.0     -46.24%




===================
INDIA MARKET REPORT:
===================

---Polished:  Local polished market very slow. 

-1 point: Fair demand: +$250 whites; $150-$350 TTLC.

-2 point: Fair demand: +$350 whites; $125-$150 TTLB; $125-$400 TTLC &
                       $90-$110 Dark Browns.

2-7 point: Fair demand: +$350 whites; $100-$150 TTLB; $125-$400 TTLC &
                        $100-$120 Dark Browns.

8-18 point: Fair demand: +$650 whites; $150-$200 TTLB & $200-$450 TTLC 

20 points: Fair demand: +$700 whites.
	     
25 points: Fair demand: +$850 whites.
           
33 points: Fair Demand: $1400-$1600 whites.
           
50 points: Fair demand: $700-$800 & +$2000 whites.

75 points: Fair demand: $700-$900 & +$3000 whites.

1 carat+:  Fair demand: +$1,000 whites.
          
Princess: -3 point: Fair demand: $200-$250 & $325-&375 whites.
          +3 point: Fair demand: $$250-$300 & $350-$400 whites.
          +9-18 point: Fair demand: +14 pts $600-$650 whites $225-$275
                                    whites.

          20 point: Fair demand: $350-$400 whites & $750-$800 whites.
          25 point: Fair demand: $350-$400 whites.
          50 point: Fair demand: $600-$1,000 whites.
          75 point: Fair demand: $1,200-$1,400 whites.
          1 carat+: Fair demand: +$1,500 whites.

Marquise: -6 point: Fair demand: $250-$350 & $400-$500 whites.
          +7-18 point: Fair demand: $500-$650 & +14-point 
$850-$900 whites.
          20 point: Fair demand: $1,000-$1,100 whites.
          25 point: Fair demand: $1,200-$1,400 whites.
          33 point: Fair demand: $1,400-$1,600 whites.
          50 point: Fair demand: $1,800-$2,000 whites.
          75 point: Fair demand: $1,100-$1,400 & $2,600-$3,000 whites.
          1 carat+: Fair demand: +$1,200 whites.

Tapers & Baguettes:
          Fair demand: $600-$800 +5mm whites. $250-$325
             2mm-2.5mm whites; $350-$400, 2.5mm-3mm whites;
             $400-$450 3mm-4mm, $500-$600 4mm –
             5mm & $175-$250 +2mm-3mm whites.

--- ROUGH:  

1-5 point: Very good movement: $75-$140 makeables; $95-$190 crystals.
           Good movement: $30-$70 makeables.
           Good movement: $40-$90 OW TTLB & TTLC;
           Fair movement: $5-$15 OW TTLB & TTLC.

6-20 point: Good demand: $140-210 crystals; $120-$170 makeables.
            Fair demand: $40-$130 makeables; $50-$70 clivage;
            $50-$90 makeables; Very good movement $80-$170;
            Fair demand $60-$120 fancy shapes;
            $60-$110 OW TTLC & TTLB rounds.

21-50 point: Good demand: $225-290 makeables; $160-$340 crystals.
             Fair demand: $100-$210 rounds; $100-$140 crystals; $70-
             $120 clivage; Very good movement $140-$220 and
             Fair demand $70-$90 fancy shapes; Good demand $70-$150 &
             Fair demand $20-$40 OW TTLC & TTLB.

0.51-1.00 carat: Good demand: $75-$120 & $140-$325 makeables;
                 $120-$240 & $275-$475 crystals.
                 Fair demand: $60-$90 clivage; Very good demand $210-
                 $310 and Fair demand $70-$125 fancy shapes;
                 Good demand $140-$180 & Fair demand $80-$110 OW TTLC 
                 & TTLB.

1.01-2.00 carat: Fair demand: $200-$600 rounds; $200-$750 crystals;
                 $110-$150 clivage; $200-$400 all fancy shapes.
                 Good demand $160-$210 OW TTLC & TTLB.

2.01-3.00 carat: Good demand: $200-$1,400 makeables; $450-$950 OW
                 TTLC & TTLB & $325-$1,600 crystals.
                 Fair demand: $300-$400 clivage; $125-$400 flats &
                 $500-$1,000 fancy shapes.

5.00 carat+: Very good demand: $1,200+ makeables, crystals & all fancy
             shapes till L color.

Mixed Lot: Good demand: $2-$50.


--------
CREDITS:
========

This week’s TradeWire has  been brought to you by Jeff Miller and Leah
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