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Market Comments 6/3/2010

Jun 3, 2010 6:00 PM  
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All eyes on Vegas show with high hopes and modest expectations. Trading centers stable. Better quality 3 ct. certs very hot. 2 ct. strong. 1 ct. stable.  ALROSA sells $335m of rough in May. Harry Winston 1Q sales +4% to $114m, net loss of $8.7m, from $45m loss last year. Christie’s Hong Kong sells $60.4m (89% by lot) with heart-shaped, 5.01 ct, fancy vivid blue, VS2 diamond bringing $4.7m ($498,000/ct). Gitanjali Gems FY10 sales +28% to $1.5b, net profit +33% to $45m. Shrenuj FY10 sales +29% to $424m, net profit +124% to $11m. Hong Kong 1Q polished imports +36% to $2.9b, polished exports +24% to $2.2b. Japan’s April polished imports +15% to $53.1m. Civil society calls on Kimberley Process to suspend Marange monitoring after Zimbabwe police raid NGO offices.
Tags: Alrosa, Harry Winston, Hong Kong, Japan, Kimberley Process, NGO, Zimbabwe
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