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Weekly Comments 1/3/2003
Jan 3, 2003 12:00 AM
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News: Kimberley Process takes effect, requiring disclosure on all invoices. NY Diamond Dealers Club to issue free Kimberley certs. U.S. October polished imports up 46% to $1.2 billion. Israel 2002 polished exports up 15% to $5.2 billion. India November polished exports down 48% to $393.3 million. Gold jumps to $344/oz., up 8.5% in a month. Liberia, Burkina Faso accused of sheltering al-Qaida diamonds. Online holiday jewelry sales up 45% to $216 million.
=== Fancy shapes ===
News: U.S. wholesale market slow and soft. Square cuts selling best, often for three-stone diamond jewelry. Very square princess cuts, square emeralds, asschers and cushions doing well. Oval selling better than pear, heart or marquise. Colored diamonds very strong, especially yellows.
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Tags:
India, Israel, Jewelry, Kimberley Process, NY Diamond Dealers Club
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