Diamondsnews : Post Valentine situation
Dear $email,
News (with Rapaport and National jewelers): U.S. Valentine's Day diamonds sales
weak. Despite the nation's sluggish economy, Valentine's Day jewelry sales were
stable for most retailer.
De Beers takes $521m loss for 2007 due to weak U.S. dollar with sales -3% to $6.84b.
DTC sales were -4% to $5.9b.
Indian trade wants government to provide low interest dollar loans as overseas banks cut credit lines.
Blue
Nile 4Q-07 sales +23% to $112m, profits +31% to $7.5m, but stock plummets 20% on
company warning of little to no growth for 2008 due to weak economy.
U.S. 2007 polished imports +10% to $18b; polished exports +24% to $11b. Dec. polished imports +17% to $1.3b, polished exports +41% to
$1b;
Christie's 2007 jewelry sales +11% to $395m.
India Jan. polished exports +21% to $1.3b; polished imports +228% to $517m; rough imports +9% to $892m.
Rio Tinto 2007 diamond sales +22% to $1b with diamond profits +33% to $280m.
Gold jewelry demand (4Q-07) -17% to 586 tonnes with India -67% to 54 tonnes due to surging prices.
diamonds subprime
From left De Beers chairperson Nicky Oppenheimer, De Beers MD Gareth Penny and De Beers finance director Stuart Brown"
FOCUSING ON THE CHALLENGES
From left De Beers chairperson Nicky Oppenheimer, De Beers MD Gareth Penny and De Beers finance director Stuart Brown"
Better-quality
diamonds still in demand in diamond subprime-hit
US, says Oppenheimer
What
are the Four C’s ?
FOUR CHARACTERISTICS TO HELP YOU ASSESS YOUR DIAMONDS
Asia
Wholesale Jewelry Discover the secrets to buy asian wholesale jewelry
If you want to make money on the Internet, you must
associate yourself with products that sell well internationally...products like
jewelry.
Making Shopping
Service?
Rena Klingenberg first stumbled onto the "jewelry shopping
service" approach to marketing
handcrafted
jewelry a few years ago.
...
Family affair: Nitesh and Nagan
Premji of Premji Jewellers with some of
their sought-after wares
Diamonds Stars, Diamond Rings, And Dazzle At
the Screen Actors Guild.
With the Golden Globes running via press conference this year and the Oscars
broadcast still in question, Hollywood's A-list swarmed the 14th annual Screen
Actors Guild Awards last night, dressed to impress in dazzling diamond
"power" earrings, bracelets and right-hand rings.
How to Track Down
Nonpareil handmade Jewelry
diamond buying guide :A Girls Guide to
diamonds. Are you a sucker for sparkles? Do diamonds do it for you?
Researchers invent a way to identify blue diamonds
The method is called as 'diamond fingerprinting method' read blue diamonds
Certified
Diamond Exchange provide retail jewelers with a stable source of diamonds
diamonds class action:
GET SOME MONEY BACK. USA Diamond buyers can get refunds.
De Beers, world's largest supplier, agrees to
pay $295 million for controlling market for 14 years
Have you bought a diamond during the past 14 years? You could be
entitled to a refund.
De Beers, the world's largest diamond supplier, recently settled a $295
million class-action lawsuit that charged it unfairly monopolized the diamond
trade and fixed prices for years.
One of the lawsuits that led to the class action was filed in Maricopa
County Superior Court nearly three years ago... read diamonds class action
Well I hope you enjoyed this edition,
Danny Diamonds, Antwerp
