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Jewelry Retail Sales Hold Steady

Nov 10, 2010 7:30 PM   By Rapaport News
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Third quarter jewelry retail sales were  mixed, but certainly not sour. China continues to experience strong jewelry sales growth while the U.S. market remains stable.

Avi Krawitz discusses concluding remarks following this past week's Kimberley Process plenary in Jerusalem.  The meeting was attended by hundreds of delegates representing more than 70 countries, as well as human rights organizations and diamond industry groups. The meeting ended without an resolution on Zimbabwe since the  consensus-based conclusion required all to agree that Zimbabwe had in fact implemented the minimum Kimberley Process minimum standards in the diamond fields of Marange.

Following the meeting, Boaz Hirsch, chair of the Kimberley Process, said, "Despite rigorous negotiations, regrettably the Kimberley Process members were not able to bridge the gaps among them and were unsuccessful in their efforts to reach an agreement regarding the contentious issue of the Marange diamonds. We are, however, committed to reach a consensus that will enable Zimbabwe to restore its diamond exports within the Kimberley Process framework. Achieving such a consensus is a formidable task, yet it is a task that lies at the heart of the Kimberley Process. We will relentlessly continue pursuing an agreement."

The plenary welcomed the Democratic Republic of the Congo as the incoming chair for 2011, but it ended without naming a new vice chair.

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