> > The Difference One Decimal Can Make
A calculation on the back of an envelope will show that every year the worldwide diamond industry loses approximately $100-$135 million because of the practice of gem labs only giving a diamond's weight to the second decimal point.
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(August 20, 2009) |
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Ivanka Trump Celebrates Jewelry Line
Ivanka Trump, daughter of well known Manhattan real estate developer Donald Trump, is celebrating the upcoming 2nd birthday of her jewelry line, Ivanka Trump Fine Jewelry.
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(June 18, 2009) |
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IDEX Online Research: Jewelry Price Inflation Virtually Nil At All Levels in July
Jewelry price inflation at both the retail level and the supplier level were almost nil in July. At the producer level, prices were down 0.1 percent while they rose by a miniscule 0.3 percent at the retail level.
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(August 24, 2009 ) |
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> Zale Closes 191 Stores
Zale Corporation announced it had closed a total of 191 underperforming stores during the fourth quarter ending July 31, 2009. The stores had a negative contribution valued at approximately $14 million. |
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(August 06, 2009) |
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> Man arrested in Bridges Murder
Kenyan police reportedly made an arrest in connection to the recent slaying of Campbell Bridges. Bridges was attacked along with his son and bodyguards on his farm in Kenya. During the attack, he was fatally stabbed and died of his wounds. |
(August 20, 2009) |
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> KP Review Team in Angola
A Kimberley Process (KP) Review Team is in Angola this week, on a mission to review the country’s compliance with the system’s diamond monitoring regulations. According to an AFP report, the team would meet with government officials and survey diamond fields. |
(August 24, 2009) |
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IDEX Online Research: Consumer Demand for Jewelry Shows Hopeful Signs
America’s jewelers report that monthly jewelry sales comparisons, while still negative so far this year, are showing signs of perking up. After a disastrous 2008 holiday selling season when total jewelry sales dropped by a mid-teen number, and specialty jewelers saw their sales dip by more than twenty percent, monthly sales comparisons in 2009 have continued to improve – that is, they are less negative, and the trend is toward positive comparisons, likely by October or November 2009. Further, the year-to-date rate of decline in jewelry sales has dropped each month since early this year.
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(August 20, 2009) |
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> Surat Polishers Want Zimbabwe in KP
Diamond traders in Surat, India’s diamond polishing center, were happy to hear that Zimbabwe is not expected to be expelled from the Kimberley Process Certification Scheme (KPCS), according to a report in The Times of India.
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(August 26, 2009) |
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Hope Diamond Gets New Setting
In celebration of receiving the Hope Diamond as a gift, the Smithsonian Institute is exploring a new setting for the stone. Famed jeweler Harry Winston donated the large blue diamond and current setting to the museum 50 years ago.
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(August 23, 2009) |
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Rio Tinto Posts $56 Million Loss from Diamonds in H1
Rio Tinto’s gross revenues from diamonds dropped 67.8 percent in the first six months of 2009, to just $184 million, the company reported Thursday. The company reported a $56 million loss from its diamond operations, compared with earnings of $108 million in the same period of 2008.
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(August 20, 2009) |
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Blue Nile Posts Solid Q2 Sales
Leading online diamond retailer Blue Nile reported $69.85 million in sales during the quarter ended July 5, declining 5.2 percent year-over-year decline. Net income declined to $2.84 million from $3.21 million.
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(August 16, 2009) |
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