> Namakwa Posts $19 Mln Loss, Signs Deal with Harry Winston
South African diamond mining company Namakwa Diamonds’ pre-tax loss totaled $19.409 million for the six months ended February 29. Its revenues came to $12.426 million. The company produced 9,517 carats in the six month period.

(April 27, 2008)

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> IDEX Online Research: Luxury Buyers Tighten Purse Strings
Retailers who serve the highest income consumers have always thought that they were immune to a recession. Historically, that has been true, more or less.

(April 24, 2008)

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> Lose Your Ethics, Lose Your Business
When the going gets tough – like it is in the current business environment – merchants may be tempted to cut corners here and there. Those corners that they may try to cut could be ethical and moral corners. A word of advice: don’t even think about it.

(April 23, 2008)

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> Namdeb 2007 Rough Sales Fall 15% to $596 Million
Namdeb reported a 40 percent slide in 2007 pre-tax profit, hurt by a 15 percent drop in rough diamond sales as well as higher salaries and fuel costs, Reuters reported.

(April 22, 2008)

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> Richemont Annual Jewelry Sales $4.17 Billion
While many jewelry retailers suffered a tough year, luxury retailer Richemont reported a strong rise in sales. "For the year as a whole, all business areas performed well with the Group’s specialist watchmakers reporting particularly strong growth," the

company said. (April 24, 2008)

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> Mother’s Day Jewelry Spending to Reach $2.7 Billion
A recent National Retail Federation (NRF) survey revealed that most consumers plan to hold back on the amount of gifts they will buy for Mother’s Day. According to NRF’s 2008 Mother’s Day Consumer Intentions and Actions Survey, conducted by BIGresearch, an average of $138.63 per consumer will be spent this year, just down from $139.14 in 2007.

(April 23, 2008)

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> Sightholder List Delayed As Questions Loom Over a Few Applications
A number of questions have been raised regarding applications submitted by Diamond Trading Company (DTC) Sight applicants that passed the initial Sight selection process. As a result, the DTC is delaying the publication of the Sightholders list

until April 29. (April 13, 2008 )

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> IDEX Online Research: Jewelers: Women’s Earnings Continue to Rise
DeBeers, diamond industry ad agency J. Walter Thompson, Hearts on Fire, and other jewelry suppliers and marketers are hammering this message home to retail jewelers:  the self-purchasing female shoppers is very important to your business.

(April 21, 2008)

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