> IDEX Online Research: March Diamond Prices Continue to Rise Sharply
Global polished diamond prices continued to march upward at an increasing rate in March. On a year-over-year basis, polished diamond prices surged by 8.6 percent, according to the IDEX Online Global Polished Diamond Price Index. On a month-over-month basis – March 2008 vs. February 2008 – polished diamond prices increased sharply by 2.0 percent.
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(April 03, 2008) |
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> Changes Ahead at Baselworld
The increasing popularity of the Baselworld show and its move to ever more luxurious surroundings has led to some changes at this year’s show, with other significant changes in the pipeline. |
(April 03, 2008) |
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> De Beers Employees March to Demand Better Benefits
The South African National Union of Mineworkers (NUM) announced Thursday that over 2,000 De Beers employees went on a protest march at the Cullinan mine to demand improved health and safety measures and better benefits. A De Beers spokesman said that the march had “no effect whatsoever on production” and that only 300-350 participated.
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(April 03, 2008) |
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> Swiss Watch Exports Up, But So Are Forgeries
Subprime and recession may be on everyone’s minds, but the full economic impact has yet to hit. Some are even hoping that it won’t have any effect at all; at least that was the message given at Baselworld yesterday. |
(April 03, 2008 ) |
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> India-Namibia to Explore Greater Cooperation
The governments of India and Namibia have agreed to cooperate in a number of fields, including the diamond industry. The move was announced following a meeting between an Indian delegation led by Minister of State for Commerce Jairam Ramesh and the Namibian Prime Minister Nahas Angula. |
(March 30, 2008) |
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> De Beers Diamond Jewellers Sixth U.S. Store Opens in Dallas
De Beers Diamond Jewellers has opened its sixth U.S. store in Dallas, Texas’ NorthParkCenter. The 1,878-square-foot location features newly designed collections by De Beers Creative Director Raphaele Canot, including the Ice on Fire, Talisman, Secrets of the Rose and Radiance lines. |
(April 03, 2008) |
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> Floods Sweep through Tanzanite Mines; More than 70 Feared Dead
The Swatch Group reported that its net income for 2007 exceeded CHF1 billion for the first time. Total net income reached CHF1.015 billion ($1.028 billion), and net sales totaled CHF5.646 billion ($5.722 billion), a 19.69 percent rise over 2006. |
(March 30, 2008) |
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> Vybornov: Alrosa's Development Best Served in Africa
Alrosa President Sergey Vybornov on Monday revealed plans to spend a total of 2.9 billion ($122.6 million) on geological prospecting for diamonds in the coming year. He added that projects in Africa were some of the most promising areas for the company’s development “amid the global diamond production slump,” according to RIA Novosti.
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(April 03, 2008) |
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> Mwana Sees 46% Rise in Klipspringer Production Sale Value
African-owned and operated resource company Mwana Africa realized an average value of $121 per carat (p/c) on the sale of its February production from the South African Klipspringer mine. This represents a 46 percent increase over the average price per carat in 2003, when the mine was last in production. |
(April 02, 2008) |
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> Sourcing African Rough: Indian Government Backs Industry Efforts
The Indian diamond industry’s ongoing efforts to develop direct purchase of rough diamonds from African producing countries has received a major boost from the Indian government, which is preparing to host the first-ever India-Africa summit in New Delhi |
on April 8. (March 27, 2008) |
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> Namibia Armed Robbery Trial to Begin in November
Four men have been indicted in what is believed to be the largest diamond heist in Namibia’s history; their cases, in which they will be tried for seven main charges and six additional alternative charges, will go to trial in November at the High Court in Windhoek, according to AllAfrica.com. |
(March 26, 2008) |
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> SA Mines Ministry Rejects De Beers’ Royalties Warning
The South African Ministry of Mines and Energy (MME) has rejected an argument made by De Beers’ that the company would be subjected to an “unfair form of double taxation,” affecting the Finsch mine, due to a combined new draft of the Royalty Bill with the Mineral and Petroleum Resources Development Act. |
(March 25, 2008) |
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