> South Africa State Diamond Trader Launches Operations
South Africa has officially launched the State Diamond Trader (SDT), the body designated to purchase 10 percent of locally produced diamonds for resale on the South African market. This act moves the policy of local beneficiation a step further.

(March 02, 2008)

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> Diamcor Signs JV with South African BEE Company
Nozala Investments
Junior diamond mining company Diamcor Mining has entered into a formal joint venture with Nozala Investments (Pty) Ltd to operate and develop two of Diamcor’s dormant South African subsidiaries, DMI Minerals South Africa and Jagersfontein Diamond Mining Company, both of which were formed to explore for and mine diamonds in

South Africa. (March 06, 2008 )

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> Hong Kong Jewelry Exports Grows by 17% in 2007
Jewelry exports from Hong Kong, the world's fourth-largest jewelry exporter, increased by 17 percent to HK$33.8 billion (US$4.3 billion) in 2007. (March 06, 2008)

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> IDEX Online Research: February Polished Diamond Prices
Up Sharply
Global polished diamond prices rose steeply in February 2008.On a year-over-year basis, polished diamond prices surged by 6.7 percent, according to the IDEX Online Global Polished Diamond Price Index. On a month-over-month basis – February 2008 compared to January 2008, polished prices increased
by 1.6 percent.  (March 05, 2008)

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> IDEX Online Research: Challenges & Opportunities - Anniversary Jewelry Offers Dramatic Sales Potential
Wedding anniversaries are an important occasion for jewelers, though far too many merchants do not take advantage of this sales opportunity. Just over one-fifth of all non-bridal diamond jewelry is given as an anniversary gift. (March 06, 2008)

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> De Beers Opens First Hong Kong Jewelry Store
De Beers has opened its first diamond jewelry store in Hong Kong. The 2,200-square-foot store is located in the Central district, within the city’s premier luxury shopping mall,
The Landmark.

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> Diamonds Divas to Feature Diamond Jewelry from Screen Legend Sophia Loren
The Diamond Divas exhibition, set to open in Antwerp April 11, will feature diamond jewelry worn by Italian movie “prima donnas” Sophia Loren and Monica Bellucci. (March 05, 2008)

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> Petra Half-Year Revenues Skyrocket 286% to $31.7 Million
Petra Diamonds’ half-year revenues soared 286 percent to $31.7 million for the six months ended December 31. Half-year revenues for 2006 were $8.2 million. The substantial revenue jump is a result of Kofiefontein sales coming on stream in July 2007, which were supported by strong diamond prices at the fissure mines. (March 02, 2008)

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