> Little Appetite on This Thanksgiving
We are so preoccupied with “preserving consumer confidence” that in any situation we will flash a smile and assert that things are beautiful...that the diamond is forever. |
(November 27, 2008 - Memo)
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> IDEX Online Market Report – 04/12/2008
There is a glimmer of light for U.S. traders as shoppers finally begin their holiday purchasing. Goods in 0.75 to 2.00 carat sizes, especially medium priced goods, saw increased demand. Not so in Antwerp, which has only a few specific orders, mostly for smaller goods of 1/6 and below, H+ / VS-SI, rounds. |
(December 04, 2008) |
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> Rough Diamond Prices “Too Low”
Prices of rough diamonds are to low to cover some diamond producers’ costs, according to RBC Capital Markets. The firm said the London Mines & Money conference concluded with the message, adding that a further drop in prices and demand is expected before any improvement would be seen. |
| (December 04, 2008) |
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> Brazen Harry Winston Robbery Estimated at €85 Million
Diamonds and diamond jewelry worth an estimated €85 million ($108 million) were stolen from Harry Winston in Paris, according to the city prosecutors’ office. The four armed robbers, in dresses and high heels, entered the store on Avenue Montaigne around 5:30 pm on Thursday and practically emptied it of its precious contents |
| (December 07, 2008 ) |
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>Thailand Jewelry Exports Jumps to $2.17 billion in Jan-Sep
> Thailand exported $2.17 billion in jewelry in the first three quarters of 2008, a 64 percent growth over 2007. Polished diamonds exports in the same period increased 26.5 percent to $882.7 million, according to figures released by the Thai Gem and Jewelry Traders Association (TGJTA). |
(December 04, 2008) |
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> High-End Jewelry Show to Launch in Dubai
The by-invitation-only fine jewelry event “Salon Privé Haute Joaillerie Dubai,” will take place October 18-22, 2009 at the 5-star Madinat Jumeirah. It will offer the high-end jewelry and timepiece and offer designers and manufacturers introductions to new retail business opportunities, according to event organizers. |
(December 03, 2008) |
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> De Beers Luxury Report: Tastes Shifting to Long Lasting Items
A De Beers commissioned report on luxury consumption says buyers of high-end items are shifting their purchases from “conspicuous to discerning.” The findings bode well with De Beers’ Holiday marketing effort that aims to drive diamond sales by promoting ‘few and better’ gifts. |
(November 06, 2008) |
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>478 Carat White Rough Diamond Sold For $18.4 Million
The Light of Letseng, a 478 carat white diamond mined in the Kingdom of Lesotho, was sold on tender in Antwerp to SAFDICO for $18.4 million. The price translates to $ 38,494 per carat paid by the manufacturing arm of Graff Diamonds. |
(November 06, 2008 ) |
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>Obama Says Thank You with Diamond Ring
U.S. President Elect Barack Obama wants to thank his wife Michelle for her support in his bid for the White House with a diamond set rhodium ring, according to Mail Online. The ring is estimated to cost £20,000 ($30,762). |
(December 01, 2008) |
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> Royal Asscher Launched a Sierra Leone Education Project
Royal Asscher launched last week a Sierra Leone focused charity project, called Star of Africa. The project aims to improve infrastructure in Sierra Leone by creating funding for education and self sufficiency programs.
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(November 03, 2008) |
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