>The Return of the Industry Custodian
>Will De Beers survive? This was one of the responses in our inbox to last week’s editorial, “Giving Credit to De Beers”... |
(March 05, 2009 - Memo) |
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On Forbes List of Billionaires: Oppenheimer, Graff, Steinmetz, Leviev
The annual list of the world’s billionaires published by Forbes lists four members of the diamond industry: De Beers stakeholder Nicky Oppenheimer, diamond jeweler Laurence Graff, commodity miner and diamond trader Beny Steinmetz and vertically integrated diamantaire Lev Leviev. |
(March 15, 2009) |
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Namdeb Plans to Stop Production for 3 Months
Namdeb, the diamond mining joint venture of De Beers and the Namibian government, will halt diamond production for three months as demand for rough diamonds dwindle. Namdeb had no sales in January or February the company said. It is currently unclear when work will be stopped. |
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(March 17, 2009) |
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> Rough Prices Expected to Rise, Inflation May Cause an ‘Overheating’
Following the sharp decrease in rough diamond prices, another financial research firm has downgraded Harry Winston Diamonds as well as Petra, while Gem Diamonds maintains its rating. |
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(March 16, 2009) |
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In The Next Issue of DIB: 20% Discounts on Large DTC Purchases
The Diamond Trading Company (DTC) is preparing a large transaction program that will enable Sightholders to purchase rough diamonds at discounts of 20 percent or more. Read the next issue of the Diamond Intelligence Briefs (DIB) for all the details. |
(March 12, 2009) |
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> Swatch 2008 Watch & Jewelry Sales CHF 4.796 Billion
> Gross sales by Swatch were CHF 5.966 billion in 2008, rising a marginal 0.4 percent over 2007, despite a record negative currency impact of CHF 233 million, the Swiss watch maker reported Thursday. Net income declined to CHF 838 million from CHF 1.015 million in 2007.
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(March 12, 2009) |
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> Zimbabwe Government to Invest in Diamond Mining
Ignoring external criticism of its activities, the government of Zimbabwe said it will deepen its involvement in the country’s diamond mining. Mines and Mining Development Minister Obert Mpofu said the government will fund machinery purchases to start commercial mining at Chiadzwa diamond fields in Manicaland, the state-owned daily The Herald reported.
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(March 11, 2009) |
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Botswana President Khama: We’ll Look at Assisting Polishers
The government of Botswana may assist local diamond polishing plants in trouble, President Ian Khama said. In an interview with the Financial Times, Khama spoke about the country’s diamond production, De Beers and the global economic crisis. |
((March 10, 2009 ) |
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> Only 30 workers Left at LLD’s Namibian Polishing Plant
The LLD diamond polishing facility in Namibia has laid off 77 workers, leaving it with a minimal staff of about 30 people, CEO Kombadayedu Kapwanga confirmed to the Namibian Economist. |
(March 09, 2009) |
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> IDEX Online Market Report – 05/03/2009
The feeling in New York seems to be that the market is slowly beginning to rebound after a difficult few months. Traders are especially interested in moderately priced, medium quality goods. Slow trade in Antwerpis placing extra pressure on the success of the Hong Kong show. |
(March 05, 2009) |
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