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Týždenný prehľad zaujímavostí vo svete diamantov .

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apaport TradeWire - Friday, May 30, 2008
-----------------------------------------

News: Great interest in this week's important JCK show as suppliers
try to gauge extent of U.S. demand for this holiday season. Better
quality goods expected to do well. Oil falls to $126/barrel. Dollar
gains ground against major currencies. Christies Hong Kong Magnificent
Jewels has record sale at $60,058,340 (75% sold by lot.) Top lot,
101.27 carat F, VVS1 diamond, sold to private for $6,211,249
($61,333/carat). China 2007 jewelry sales hit $26 bil. U.S 1Q online
retails sales +12% to $32.8 billion. Movado 1Q sales flat at $101.4
mil and profits -52% to $1.2 mil. Finlay 1Q sales +26% to $205.1 mil.
and net loss +44% to $11 mil.


=============
ANNOUNCEMENTS:
=============

Invitation to Rapaport Breakfast Seminar

“State of the Diamond Industry” by Martin Rapaport

8:00-10:00 am, Monday – June 2, 2008
JCK Las Vegas Show – Venetian Hotel, Delfino Ballroom, Level 4

Reserve Seating SOLD OUT. First come, first serve seating at 8:10 a.m.

Bankers Conference 11:00 a.m. - 1:30 p.m.
Fair Trade 1:00 p.m. - 4:00 p.m.

RSVP: conference@Diamonds.Net

For additional Rapaport Events at the Vegas Show,
click here http://www.diamonds.net/JCK2008/

-----------------------------------------------------------

Rapaport will be exhibiting at the following international Shows
Hong Kong June 19-22; Singapore: August 21-24
London: August 31 to Sept. 3
-----------------------------------------------------------

Rapaport International Diamond Conference, Sept. 8, New York
------------------------------------------------------------


=============
RETAIL QUOTE:
=============

"The volatility of the dollar is a real danger which is affecting
everybody in the industry – on every level of the pipeline. The
average life of a mine is 30 years so you have to plan this horizon
but you can't with all this uncertainty going on. We just don't know
what will happen with the dollar tomorrow."

---Sergey Vybornov, president of ALROSA


==========
WORLD NEWS:
==========


---Christie’s Hong Kong Jewels Sale Tops $60M

Christie's had a record sale of $60,058,340 at its Hong Kong sale of
Magnificent Jewels. The auction sold 75 percent by lot. The top lot
was a 101.27 carat F, VVS1 diamond, which sold to a private collector
for $6,211,249, or about $61,333 per carat. Nine of the top 10 lots at
the auction sold for more than $2 million.


---U.S. Online Retail Sales +12% in 1Q08

Online retail sales in the United States continued to show healthy
growth despite the sluggish economy. E-commerce researcher comScore
said first quarter online sales rose about 12 percent to $32.8
billion. April sales increased 15 percent, following a 9 percent
increase in March.


---Report: China’s Jewelry Sales Reach $26B in 2007

China’s jewelry sales reached approximately CNY 180 billion ($25.88
billion) in 2007, representing growth of about CNY 20 billion ($2.87
billion) a year from 2005. In 2007, China’s jewelry imports grew 35
percent to $6.2 billion, and exports grew 16.8 percent to $8 billion.
Sales of gold and silver jewelry have kept a good momentum in the
first quarter of 2008.


---De Beers Rejects Export Duty Evasion Charges

De Beers rejected allegations that it evaded some $130 million in
export duties on diamonds sent to London during the 1990s after South
Africa’s Parliament renewed its investigations into the matter. Under
the 1986 Diamond Act, De Beers, could export its diamonds duty free
provided they re-import a certain amount to supply local cutters. The
government has claimed that company figures don’t add up.


---ALROSA’s Vybornov Says Time to Drop the Dollar

ALROSA president, Sergey Vybornov, advocated the diamond industry move
away from using the dollar as its benchmark trading currency. He said
trading diamonds in dollars is hurting profits at every level in the
trade, and suggested moving to the “stable” Swiss franc.


---Dubai Total Gold Trade $7B in 1Q08

Dubai Multi Commodities Centre (DMCC) reported that gold trade through
Dubai reached $7 billion in the first quarter of 2008, up 73 percent
from the same period in 2007. Despite consistently high prices,
Dubai’s gold trade has witnessed continued growth during the past six
months, registering a 42 percent increase over the fourth quarter of
2007, when it reached $4.96 billion.


=======================
RETAIL & WHOLESALE NEWS:
========================

---Finlay Extends Losses in 1Q FY08

Finlay Enterprises reported a net loss of $11.01 million, or $1.19 per
share, for the three months ending May 3, 2008, up from a loss of $7.6
million, or $0.84 a share, in the same period one year ago. The loss
came despite a 26 percent rise in sales for the period to $205.1
million.


---Movado Group Profits -52% in 1Q

Movado Group net income fell 52 percent to $1.2 million in the three
months ending April 31, 2008. Earnings per share fell 44 percent to
$0.05. Sales were flat at $101.4 million. Movado maintained its fiscal
2009 sales projection to range between $555 million and $565 million,
and diluted earnings per share to fall at approximately $1.65 to
$1.72.


---Faberge Seeks Partnership With ALROSA

Luxury goods brand Faberge is seeking to partner with Russian diamond
miner ALROSA. The move is seen as a way to market Russian diamonds
under a desirable brand name, and for ALROSA to expand into a new
partnership, as its current supply contract with De Beers expires in
2009.


---Zale Authorizes Additional $50M in Stock Repurchase Program

Zale authorized a $50 million increase in its stock repurchase
program. The Dallas-based company said its board of directors
authorized the increase to a total of $350 million for fiscal 2008, in
an effort to increase the pace of its already 28 percent reduction of
outstanding shares. So far, Zale has repurchased 13.8 million shares,
at an average price of $18.08 a share.


---Tiffany to Open Store in West London

Tiffany & Co. plans to open a store in West London in fall 2008. The
approximately 2,800-square-foot store will be situated in the new
retail and leisure complex, Westfield London, due to open in White
City.


---Theo Fennell Expansion to Triple Number of Stores

Jewelry retailer Theo Fennell is poised to triple its store count
during the next two to three years and reveal a new shop fit. The
retailer will open between 15 and 20 standalone stores and concessions
in the U.K., Russia, East Asia, and the Middle East.


============
GENERAL NEWS:
============

---Patrician Diamonds Helicopter Crashes on Route to Drill Site

A member of Patrician Diamonds’ exploration team was killed in a
helicopter accident near the company's Norman Wells drill site, about
1,500 kilometers northwest of Edmonton, Alberta, Canada. The pilot and
one other passenger on the flight survived the crash. The company did
not provide the name of the deceased or the cause of the accident.


---CIBJO, IDMA, WFDB Issue Joint Statement on Lab-grown Diamonds

The presidents of CIBJO (The World Jewellery Confederation,) the
International Diamond Manufacturers Association (IDMA,) and the World
Federation of Diamond Bourses (WFDB,) clarified their stance on
terminology references for laboratory created, gem-quality diamonds.

According to the new IDC rules, gem quality diamonds created in a
laboratory or factory can be described as: “synthetic,”
“laboratory-grown,” “laboratory-created,” or “man-made,” and the
descriptor must always be followed by the word “diamond” or
“diamonds.” Under no circumstances can the term "cultured" be used to
describe gem-quality synthetic diamonds. At present, CIBJO’s Diamond
Blue Book only allows the descriptor “synthetic” to describe
gem-quality synthetic diamonds.


---Labs Identify New Tanzanite Treatment

The American Gem Trade Association Gemological Testing Center
(AGTA-GTC) and American Gemological Laboratories (AGL) emphasized that
any treatment used to modify the color of a gem should be disclosed.
The organizations said they had received a number of faceted tanzanite
samples recently in New York that were determined to have been coated.
Evan Caplan of Omi Gems Inc. sent samples to several labs after a
light re-polishing of a few stones resulted in a noticeable loss of
color.


===================
DIAMOND MINING NEWS:
===================


--- Rio Tinto Stresses Commitment to Diamonds

Rio Tinto reiterated its long term commitment to the diamond industry
as the company sought to further downplay BHP Billiton’s merger
attempt. The company said its commitment to the sector was evident in
investments made at its three operating mines, two of which are in the
process of moving to underground mining. Rio Tinto diamonds managing
director said strong demand for diamonds was driving the company’s
positive outlook, adding that sales in China, India and the Middle
East would “provide some solid insulation from any volatility in the
U.S.”


---Rockwell Diamonds FY Loss at $9M

Rockwell Diamonds reported an operating profit of $6.9 million for the
nine months ending February 29, 2008. For auditing purposes, the
company moved its year end to February 29 from this year forward, from
May 31 previously. Rockwell’s net loss for the nine months came to
$9.4 million, compared to $6.5 million in the red for its fiscal year
end May 31, 2007. The company had revenues of $35 million from the
sale of 17,667.67 carats of diamonds, achieving an average sales price
of $1,984.68 per carat. Total production in the nine months was
17,746.40 carats of diamonds from the three alluvial mines Rockwell
operates in South Africa.


---Sierra Leone Lifts Suspension on Israeli Diamond Miner

The government of Sierra Leone lifted a suspension on Israeli diamond
mining firm Koidu Holdings, following a five-month investigation into
a riot that left two people dead. Investigators concluded the company
was not responsible for any wrongdoing.


---African Minerals Fourth Sale Generates More Than $2M

African Minerals Limited realized sales of $2.5 million at its fourth
sale of diamonds recovered from its alluvial bulk sampling project in
Kono, Sierra Leone. The company sold 7,218.86 carats for $345.84 per
carat to reach the total. The sale included 62 lots, of which eight
were individual diamonds above 10-carats.


---New Botswana Diamond Mine to Start Production in June

The Australia-based DiamonEx Ltd reported that production at its
Lerala Diamond mine in Botswana will begin in June. Commissioning of
its processing plant at Lerala started on April 23 and is expected to
run for two months until June 26, with approximately 30,000 tonnes of
ore being processed during the period. Full ramp up of production and
plant optimization will begin in July. The mine’s first diamonds will
also go on sale in July.


---Ontario Gov’t Chooses Local Firm to Value De Beers Canada Diamonds

The Ontario government has selected Diamonds International Canada
(DICAN) Limited to assess the value of diamonds produced at De Beers
Canada’s new Victor Mine and will also provide the government with
advice on valuation and auditing of diamond production. DICAN, which
is majority owned by Canadian First Nations, also serves as the
government’s diamond valuer for diamond mines in the Northwest
Territories and Nunavut.


---Diamcor to Buy De Beers Alluvial Deposit

Diamcor Mining won a bid to acquire the Krone-Endora alluvial diamond
deposit from De Beers Consolidated Mines for ZAR 14 million (about
$1.8 million.) The acquisition, which is subject to regulatory
approval, will be carried out by Diamcor’s South Africa subsidiary,
DMI Minerals South Africa. De Beers will provide Diamcor with all
related historical exploration data and materials relating to the
deposit.


---Rockwell Re-launches Newly Acquired Mine

Rockwell Diamonds has re-launched operations at the Saxendrift
alluvial mine in South Africa, which it recently acquired from Trans
Hex. The company said it has recovered its first parcel of diamonds
from Saxendrift, including a 13 carat yellow octahedral stone. The
acquisition is expected to help Rockwell double its production to
4,000 carats per month in the current fiscal year. The company
recovered 2,500 carats in April, Bristow said.


==========
ECON WATCH:
==========


CURRENCY

May 22 May 15 Chng.

$1 = Euro 0.64 0.65 -0.011
$1 = Rupee 42.80 42.71 0.09
$1 = Shekel 3.33 3.39 -0.06
$1 = Rand 7.62 7.54 0.08
$1 = Canada$ 0.98 1.00 -0.02


PRECIOUS METALS

May 22 May 15 Chng.

Gold $918.40 $881.80 $36.60
Platinum $2,173.00 $2,088.00 $85.00


MARKET INDEX

May 22 May 15 Chng. %Chng.

BSE 16,907.11 17,353.54 -446.43 -2.57%
Dow Jones Avg. 12,624.62 12,992.66 -368.04 -2.83%
FTSE 6,181.60 6,251.80 -70.20 -1.12%
Hang Seng 25,043.12 25,513.71 -470.59 -1.84%
S & P 500 1,394.35 1,423.57 -29.22 -2.05%

Yahoo! Jewelry 1,053.88 1,013.58 40.30 3.98%


===========
STOCK WATCH:
===========
May 22 May 15 Chng. %Chng.

USA
Abazias $1.01 $1.25 -$0.24 -19.20%
Birks & Mayors $3.17 $3.25 -$0.08 -2.46%
Blue Nile $52.39 $55.50 -$3.11 -5.60%
Charles & Colvard $1.21 $1.35 -$0.14 -10.37%
Collector's Univ. $9.47 $9.75 -$0.28 -2.87%
DGSE Companies $4.55 $4.30 $0.25 5.81%
Finlay $0.73 $0.72 $0.01 1.39%
Fuqi Int'l $9.03 $9.36 -$0.33 -3.53%
JCPenney $40.54 $46.32 -$5.78 -12.48%
Kohl's $44.72 $50.49 -$5.77 -11.43%
Lazare Kaplan $8.90 $9.75 -$0.85 -8.72%
LJ Int'l $3.51 $3.76 -$0.25 -6.65%
Macy's $23.18 $25.32 -$2.14 -8.45%
Man Sang $7.46 $7.68 -$0.22 -2.86%
Movado Group $21.98 $22.18 -$0.20 -0.90%
Nordstrom $34.69 $37.29 -$2.60 -6.97%
Saks $12.67 $14.55 -$1.88 -12.92%
Signet $12.74 $14.13 -$1.39 -9.84%
Sotheby's $25.83 $28.76 -$2.93 -10.19%
Tiffany $47.02 $48.88 -$1.86 -3.81%
Wal-Mart $56.04 $57.12 -$1.08 -1.89%
Zale $21.26 $21.45 -$0.19 -0.89%

EUROPE (*CHF) (**pence)
Bulgari €7.20 €7.90 -€0.70 -8.86%
Citizen Holdings €4.94 €4.94 €0.00 0.00%
Escada €13.92 €13.13 €0.79 6.02%
Golay-Buchel *2,500 *2,500 0.00 0.00%
LVMH €73.60 €76.85 -€3.25 -4.23%
Pinault P-R SA €83.65 €85.94 -€2.29 -2.66%
Richemont SA *65.55 *68.70 -*3.15 -4.59%
Sakha Diamonds €0.80 €0.77 €0.03 4.03%
Swatch Group *293.00 *297.00 -*4.00 -1.35%
Theo Fennell **55.00 **58.10 -**3.10 -5.34%

HONG KONG
Hang HKD2.05 HKD2.09 -HKD0.04 -1.91%
King Fook HKD0.79 HKD0.79 HKD0.00 0.00%
Noble Jewelry HKD1.28 HKD1.33 -HKD0.05 -3.76%
Tse Sui Luen HKD0.84 HKD0.84 HKD0.00 0.00%

INDIA (rupee)
Classic Diamond 73.50 63.50 10.00 15.75%
Gitanjali Gems 294.40 290.85 3.55 1.22%
Rajesh Exports 94.50 99.10 -4.60 -4.64%
Reliance 2,617.35 2,622.65 -5.30 -0.20%
Su-Raj Diamonds 76.50 74.90 1.60 2.14%
Titan 1,197.95 1,277.05 -79.10 -6.19%
Zodiac JRD 32.50 32.10 0.40 1.25%
Shantivijay Jewels 171.90 156.00 15.90 10.19%
Shukra Jewellery 5.05 5.57 -0.52 -9.34%
Suashish Diamonds 372.40 342.65 29.75 8.68%

NEW ZEALAND
Michael Hill NZD0.86 NZD0.85 NZD0.01 1.18%

SINGAPORE
Gems TV Hldngs SGD0.200 SGD0.180 SGD0.020 11.11%

TEL AVIV (shekel)
Tobias 681.00 834.00 -153.00 -18.35%

MINING STOCKS

USA
Anglo American $35.00 $34.11 $0.89 2.61%

CANADA
Archangel CAD1.41 CAD1.55 -CAD0.14 -9.03%
Harry Winston CAD28.17 CAD29.89 -CAD1.72 -5.75%
Mountain Prov. CAD4.26 CAD4.45 -CAD0.19 -4.27%
Peregrine Diam. CAD0.22 CAD0.25 -CAD0.03 -10.20%
Rockwell Diam. CAD0.54 CAD0.58 -CAD0.04 -6.90%
Shore Gold CAD3.29 CAD3.69 -CAD0.40 -10.84%
Stornoway CAD0.35 CAD0.36 -CAD0.01 -2.78%
Tahera CAD0.03 CAD0.05 -CAD0.02 -33.33%
True North CAD0.40 CAD0.41 -CAD0.01 -1.23%

UK (pence)
African Diamonds 79.8 78.0 1.8 2.35%
BHP Billiton 2,111.0 2,174.0 -63.0 -2.90%
Firestone Diam. 193.0 185.0 8.0 4.32%
Gem Diamonds 1,134.0 1,130.0 4.0 0.35%
Mano River 8.5 8.0 0.5 5.85%
Mwana Africa 50.0 53.3 -3.3 -6.10%
Namakwa Diam. 156.6 170.0 -13.4 -7.88%
Petra Diam. 103.4 106.5 -3.1 -2.91%
Rio Tinto 6,669.00 7,023.00 -354.0 -5.04%



===================
INDIA MARKET REPORT:
===================

---Polished: Overall market remains slow. Goods which
were in good demand (VS+) are also facing strong
resistance from the buyers on account of recent stiff
increase in polished prices.

-1 point: Very good demand: +$225 whites.
Good demand: $80-$160 whites.

-2 point: Good demand: +$300 whites & $80-$100 LB.
Fair demand: $125-$150 TTLB.

2-7 point: Good demand: +$250 whites & $80-&100 LB.
Fair demand: $100-$150 TTLB.

8-18 point: Good demand: $300-$450 & $700-$900 whites.
Fair demand: $150-$200 TTLB.


20 points: Good demand: $200-$400 & +650 whites.

25 points: Good demand: +$700 whites.
Fair demand: $200-$450 whites.

33 points: Good Demand: $150-$500 whites.
Fair Demand: $1400-$1600 whites.

50 points: Good demand: +$2000 & $1000-$1,500 whites
Fair demand: $700-$800 & $300-$500 whites.

75 points: Very good demand: +$3,000 whites.
Good demand: $700-$900 whites.

1 carat+: Very good demand: +$5,000 whites.
Good demand: $1,500-$4,500 whites.
Fair demand: $500-$1000 whites.

Princess: -3 point: Fair demand: $200-$250 & $325-&375 whites.
+3 point: Fair demand: $$250-$300 & $350-$400 whites.
+9-18 point: Good demand: +14 pts $600-$650 whites
Fair demand: $225-$275 & $300-$400 whites.

20 point: Fair demand: $350-$400 whites & $750-$800 whites.
25 point: Fair demand: $350-$400 whites.
50 point: Fair demand: $600-$1,000 whites.
75 point: Fair demand: $1,200-$1,400 whites.
1 carat+: Good demand: +$1,500 whites.

Marquise: -6 point: Very good demand: $400-$550 whites.
Good demand: $250-$350 whites.
+7-18 point: Very good demand: $500-$650 & +14-point $850-
$900 whites.
Good demand: $225-$300 & +14-point $300-$350
whites.
20 point: Good demand: $675-$725 & $950-$1000 whites.
Fair demand: $325-$375 whites.
25 point: Good demand: $1,000-$1,100 whites.
Fair demand: $400-$450 whites.
33 point: Good demand: $1,200-$1,400 whites.
50 point: Good demand: $1,600-$1,800 whites.
75 point: Good demand: $1,100-$1,400 & $2,600-$3,000 whites.
1 carat+: Very Good demand: +$1,200 whites.

Tapers & Baguettes:
Good demand: $550-$800 +5mm whites. $225-$300
2mm-2.5mm whites; $300-$350, 2.5mm-3mm whites;
$350-$450 3mm-4mm, $500-$600 4mm –
5mm & $175-$250 +2mm-3mm whites.

--- ROUGH: Manufactures and traders welcomed increase in
polish prices. There is interest in buying rough goods
making the Antwerp market hot.

1-5 point: Very good movement: $75-$120 makeables; $85-$160 crystals.
Good movement: $25-$65 makeables.
Good movement: $50-$90 OW TTLB & TTLC;
Fair movement: $5-$20 OW TTLB & TTLC.

6-20 point: Good demand: $130-185 crystals; $120-$150 makeables.
Fair demand: $40-$130 makeables; $60-$80 clivage;
$50-$100 makeables; Very good movement $80-$180;
Fair demand $60-$120 fancy shapes;
$60-$110 OW TTLC & TTLB rounds.

21-50 point: Good demand: $235-270 makeables; $160-$285 crystals.
Fair demand: $110-$210 rounds; $100-$150 crystals; $70-
$130 clivage; Very good movement $140-$220 and
Fair demand $75-$100 fancy shapes; Good demand $70-$150 &
Fair demand $20-$50 OW TTLC & TTLB.

0.51-1.00 carat: Good demand: $80-$125 & $130-$300 makeables;
$125-$250 & $300-$400 crystals.
Fair demand: $70-$100 clivage; Very good demand $225-
$300 and Fair demand $70-$125 fancy shapes;
Good demand $140-$180 & Fair demand $90-$125 OW TTLC &
TTLB.

1.01-2.00 carat: Fair demand: $225-$600 rounds; $225-$800 crystals;
$125-$170 clivage; $200-$400 all fancy shapes.
Good demand $170-$225 OW TTLC & TTLB.

2.01-3.00 carat: Good demand: $225-$1,500 makeables; $500-$1,000 OW
TTLC & TTLB & $350-$1,700 crystals.
Fair demand: $300-$400 clivage; $125-$400 flats &
$500-$1,000 fancy shapes.

5.00 carat+: Very good demand: $1,200+ makeables, crystals & all fancy
shapes till L color.

Mixed Lot: Good demand: $2-$50.


=======
CREDITS:
=======

This week’s TradeWireŽ has been brought you by Jeff Miller and Zach
Helke of the Rapaport News Team.
E-mail: news@diamonds.net

For up to the minute 24/7news coverage visit www.Diamonds.net And view
our broadcasts at http://www.diamonds.net/news/


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Rapaport
Attn: Tradewire subscriptions
1212 Avenue of the Americas
Suite 1103
New York, NY 10036
Moderátor
Rapaport TradeWire - Friday, June 6, 2008
-----------------------------------------

News: Mixed results for JCK Las Vegas Show. Mid-level goods suffered
and traffic was down by as much as 30%. Demand for inexpensive melee
and top quality diamonds was good, but weaker than last year. Strong
demand and participation from Russia, Far East and Middle East buyers.
DTC June sights estimated at $700 mil. Asia and Europe boost Tiffany
and Harry Winston sales. Tiffany 1Q sales +12% to $668.1 mil and
profits +19% to $64.30 mil. Harry Winston 1Q retail sales +27 percent
to $74.7 mil. but loss doubled to $2.4 mil. Israel rough imports +15%
to $512.08 mil. and polished exports boosted by JCK show +13% to $1.02
bil. Japan April imports -4.5% to $66.26 mil. S&P downgrades Finlay to
CCC after retailer reports 1Q $11.01 mil. loss but sales +26% to $205
mil. Neiman Marcus sales -1% to $1.06 mil. and profits -7% to $55.4
mil. Rapaport offices will be closed Monday and Tuesday (June 9-10)due
to Jewish Holiday of Shavuot.


=============
ANNOUNCEMENTS:
-------------

Rapaport will be exhibiting at the following international shows: Hong
Kong - June 19-22; Singapore - Aug. 21-24; London - Aug. 31 to Sept. 3
-----------------------------------------------------------

Rapaport International Diamond Conference, Sept. 8, New York
------------------------------------------------------------


============
RETAIL QUOTE:
------------

“Transactions to Asian, Russian and Middle Eastern clients more than
offset the decline in Harry Winston’s U.S. [stores] and continue to
grow as a proportion of our business.”

-- Thomas J. O'Neill, president Harry Winston Corporation


==========
WORLD NEWS:
----------

--- DTC June Sight Estimated at $700M

The Diamond Trading Company (DTC) held its fifth sight of the year
with an estimated value of $700 million. No price increases were
reported from sightholders. The sight included those in London, South
Africa, Botswana, Namibia, and Canada. Market observers estimated that
mining companies (DTC, Rio Tinto, ALROSA, and BHP) sold about $1.2
billion in the past two weeks but the goods were being concentrated in
fewer hands.


--- DTC 2009 Sight Dates

January 19-23
February 23-27
March 30-April 3
May 5-8
June 8-12
July 13-17
August 24-28
September 29-October 2
November 2-6
December 7-11


--- Botswana Diamond Exports +7% in 1Q08

Botswana’s diamond exports rose 6.8 percent to about $1.04 billion
during the first quarter 2008, the Bank of Botswana reported. Compared
with the preceding quarter, diamond exports grew 53.9 percent. Growth
in the country’s diamond exports slowed in 2007 due to lower
production volumes as a smelter at one of its larger mines was
temporarily closed for maintenance. Exports for the year 2007 rose 4
percent to BWP 20.5 billion (around $3.43 billion,) compared with a 16
percent increase in 2006.


--- South Africa 1Q Gold Production Tumbles

South Africa’s gold production fell 16.8 percent to 52,228 kilograms,
or 1.679 million ounces in the first quarter of 2008. The decline
resulted mainly from the national electricity emergency, which caused
South Africa’s gold mines to close between January 25 and 31. The
country’s mines were subsequently ordered to operate on 90 percent
electricity capacity.


--- Court Gives Final Approval In De Beers Class Action Suit

As expected, the United States Federal District Court in New Jersey
gave its written approval for the U.S. Diamond Class Action settlement
with De Beers. The order follows the Fairness Hearing on the
settlement in April, in which the judge formally brought proceedings
to a close. De Beers agreed to set up a $295 million fund from which
individual consumers and diamond trade members could claim.


--- Israeli Diamond Cutter Arrested on Fraud Charges

A 46-year-old diamond cutter was arrested in Tel Aviv and suspected of
stealing stones worth hundreds of thousands of dollars allegedly in
the name of Chopard and Bulgari. The unnamed man reportedly took part
in a scam aimed at swindling dealers in Ramat Gan. More arrests are
expected from the investigation. Police launched the investigation in
January after receiving a complaint by employees in the bourse that
the suspect approached them with an offer to send their diamonds
abroad to be examined in Italy. The suspect failed to return the
diamonds, claiming they'd been lost.


--- Tokyo Data Points to Slowing Economy

Japan's unemployment rose 0.2 points to 4 percent, industrial
production declined 0.3 percent, and household spending fell 2.7
percent. The economy expanded at the slowest pace in three years in
the first quarter (year-on-year) because of sluggish capital spending.
However, consumer spending was surprisingly resilient, albeit dull,
even in the face of higher energy and food prices.


--- India Seeks Jewel Opportunities in Thailand

A new study entitled, ‘India-Thailand Partnership: The Way Forward,’
outlined the possible synergies for the diamond and jewelry trade
between India and Thailand. The report noted opportunities for the
countries to exchange skilled manpower in diamond and stone-cutting
and in the supply of raw materials. It added that India and Thailand
could also collaborate to upgrade certifying and testing facilities of
diamonds.


---Rapaport News Broadcast

JCK Show ends on a high for Israeli companies; jewelry retail sales
and profits in the United States remain weak -- quarterly results show
growth is coming from Asia and Europe; and the World Gemological
Institute reports just how much grading certificates can help a
retailer reach out to diamond shoppers.

http://www.diamonds.net/news/NewsItem.aspx?ArticleID=21870


=============
DIAMOND STATS:
-------------

---Israel May Imports/Exports (YTD = year to date)

May %Chng YTD %Chng
($Mil) ‘07 ($Mil) ‘07

Polished Exports $1,025 13% $3,570 10%
Polished Imports $390 22% $1,874 16%
Net Exports $635 8% $1,695 3%

Rough Imports $512 15% $2,191 14%
Rough Exports $377 18% $1,748 25%
Net Imports $135 6% $443 (15%)

Net Diamond Acct $500 9% $1,252 12%


--- Japan Polished Diamond Imports -5% in April

Japan’s polished diamond imports fell 4.5 percent to $66.26 million in
April 2008. Imports dropped 5.2 percent from India to $29.99 million,
and 28.2 percent from Belgium to $14.96 million. Polished imports rose
by 12 percent from Israel to $8.26 million and quadrupled from Hong
Kong to $5.17 million.


=======================
RETAIL & WHOLESALE NEWS:
-----------------------

---Rapaport JCK Coverage

To review the only daily industry coverage available online from the
JCK Vegas Show:

Read the Daily Diamond Dish Blog
http://www.diamonds.net/News/NewsItem.aspx?ArticleID=21862

View the Daily JCK News Broadcasts
http://www.diamonds.net/News/NewsItem.aspx?ArticleID=21817


--- Harry Winston 1Q Sales +10% on Strong Retail Segment

Harry Winston Diamond Corporation reported a 10 percent rise in group
sales (retail and mining) to $156.1 million for the three months
ending April 30, 2008. Consolidated net earnings for its first quarter
fiscal 2009 stood at $21.3 million, compared with $3.3 million, as the
strength of the Canadian dollar significantly impacted the bottom
line.

The company’s retail sales rose 27 percent to $74.7 million but
reported a loss from operations of $2.4 million. Sales in the Asia
grew 52 percent to $18.1 million and in Europe by 42 percent to $31.7
million, while U.S. sales increased 2 percent to $24.9 million. Cost
of sales rose 34 percent to $41 million.

Harry Winston’s mining segment saw rough diamond sales fall 1.7
percent to $81.4 million due to lower production at its Diavik mine in
Canada. The mining unit’s earnings from operations rising 13 percent
to $42 million.


---Tiffany & Co Profits +19%

Tiffany & Co net earnings for the first quarter ending April 30, 2008
rose 19 percent to $64.39 million. Sales grew 12 percent to $668.1
million and comparable store sales rose 7 percent. European sales led
the surge growing 38 percent to $60.1 million, while Asia Pacific
sales rose 21 percent to $222 million, and sales in the Americas
increased 6 percent to $373.6 million. Comparable store sales were
flat in the U.S. despite a 16 percent increase at Tiffany’s New York
flagship store.


--- S&P Downgrades Finlay on Weak 1Q Results

Standard & Poor’s Ratings Services lowered its rating on Finlay
Enterprises and subsidiary Finlay Fine Jewelry Corp from ‘B’ to ‘CCC’
deepening a negative outlook for the company. S&P analysts accredited
the downgrade to Finlay's weak operating performance and deteriorating
liquidity position, concern about the jeweler’s limited history in
operating free-standing retail stores and its distressed credit
protection metrics. Finlay reported its first quarter net loss widened
by 45 percent to $11.01 million despite a 26 percent rise in sales to
$205.1 million.


--- Neiman Marcus 3Q Profits -7%

Neiman Marcus profits fell 7 percent to $55.4 million in the three
months ending April 26, 2008. Company revenues for the first fiscal
quarter declined 1 percent to $1.06 billion as comparable store sales
declined 2.5 percent.


--- Jewelry Television Accused of False Advertising in Lawsuit

A California woman filed a $5 million lawsuit against Knoxville-based
Jewelry Television, accusing the home-shopping channel of false
advertising. The lawsuit seeks class-action status. The woman claimed
that Jewelry Television sold gemstones described as rare red or green
andesine labradorites, but that items were instead colorless or yellow
feldspar that had been chemically treated. Jewelry Television
acknowledged that it discovered one of its sources for the gemstone
treated the stones, but did inform customers of the findings and acted
responsibly.


--- India’s SRS Group Invests $12M to Launch Jewelry Unit

India-based property developer SRS Group plans to enter the jewelry
retail market and will open 10 exclusive jewelry stores in India this
year under the brand SRS Jewels. SRS has invested INR 500 million
($11.76 million) in the project. The company would aim to increase the
number of SRS Jewels stores by 25 per year from 2009 onwards.


--- Birks & Mayors Pens Distribution Deal With DIA Holdings

Birks & Mayors partnered with Diamond Manufacturers Botswana (DMB) to
distribute the Botswana Diamonds brand in North America. DMB is the
Botswana manufacturing subsidiary of DIA Holdings, a Diamond Trading
Company Botswana sightholder. Birks & Mayors said it plans to
officially launch DTC Botswana Diamonds in fall 2008 at its Birks
flagship stores in Montreal, Toronto and Vancouver and at select
Mayors locations in south Florida, and Atlanta, Georgia.


===================
DIAMOND MINING NEWS:
-------------------


--- BRC DiamondCore May Tender Exceeds $2M

BRC DiamondCore achieved sales of $2.5 million in its May tender of
diamonds mined at its Paardeberg East kimberlite and Silverstreams
alluvial projects in Northern Cape Province, South Africa. The company
reported a total 1,909.19 carats were sold for an average $1,305.64
per carat. The Silverstreams lot included a 77.34 carat diamond
selling for $904,724, or $11,698 per carat, and a 13.65 carat stone
which fetched $518,180, or $37,962 per carat. In the three tenders
held to date from its South Africa operations, BRC has sold 8,368.53
carats for $4.9 million, or $586.81 per carat.


--- Trans Hex Posts $2M Loss; Production, Sales Decline

Trans Hex Group moved into the red in fiscal 2008 on lower diamond
production and losses incurred in its deepwater operations. The
company reported a net loss of $2.38 million for the year ending March
31, 2008, compared with a $5.4 million profit the previous year. Rough
diamond sales fell 14 percent to $122.2 million.


--- Mano River Raises $4M in Private Placement

Mano River Resources raised GBP 2 million ($3.96 million) in a
non-brokered private placement of shares on London’s AIM (Alternative
Investment Market) with Moscow-based metals and mining company
Severstal. Severstal's stake is 11.84 percent.


--- Cape Diamonds Agrees to Buy KMG Subsidiary

Cape Diamonds agreed to acquire the South Africa subsidiary of KMG
(Kimberley Mining Group) Diamond Resources. Through the deal, Cape
Diamonds will gain two diamond mines, the Frank Smith Mine and the
Loxton Dal Mine. The Loxton Dal Mine is currently in production. Cape
Diamonds also owns a 74.4 percent stake in the Elandslaagte Project in
Kimberley.


--- Peregrine Diamonds Merges With Metals Explorer

Peregrine Diamonds has agreed to merge with Peregrine Metals, a
privately owned metals exploration company, to create Peregrine
Resources. The group will have exposure to exploration projects in
diamonds, copper, iron and other precious and base metals.


--- ROK Diamonds to Buy Sierra Leone Tailings Site

Online diamond jewelry retailer ROK Diamonds plans to acquire a
diamond tailings dump in Sierra Leone, as a first stage towards
divesting from parent company ROK Entertainment Group (REG.) The
United Kingdom-based company signed a letter of intent to buy the
Kariba Kono diamondiferous gravel dump from Australia-based Mineral
Commodities Limited (MRC) for an undisclosed amount. The newly
combined company will be spun off from REG, a mobile entertainment
company, and listed as an independent quoted company.


==========
ECON WATCH:
----------

For week ending June 5, 2008

Jun 5 May 29 Chng.
$1 = Euro 0.641 0.645 -0.004
$1 = Rupee 42.8 42.5 0.3
$1 = Israel Shekel 3.35 3.25 0.10
$1 = Rand 7.83 7.58 0.25
$1 = Canadian Dollar 0.98 0.99 -0.01

Precious Metals Jun 5 May 29 Chng.
Gold $875.90 $877.80 -$1.90
Platinum $2,006.00 $1,991.00 $15.00

Stock Indexes
BSE 15,769.72 16,316.26 -3.35%
Dow Jones Avg. 12,604.45 12,646.22 -0.33%
FTSE 5,995.30 6,068.10 -1.20%
Hang Seng 24,255.29 24,383.99 -0.53%
S & P 500 1,404.05 1,398.26 0.41%

Yahoo! Jewelry X 1,054.21 1,054.83 -0.06%

===========
STOCK WATCH:
-----------

June 5 May 29 Chng. Chng.
USA
Abazias $0.52 $1.01 -$0.49 -48.51%
Birks & Mayors $3.31 $3.35 -$0.04 -1.19%
Blue Nile $50.59 $52.83 -$2.24 -4.24%
Charles & Colvard $1.31 $1.36 -$0.05 -3.68%
Collector's Universe $10.05 $9.65 $0.40 4.15%
DGSE Companies, Inc. $3.70 $4.22 -$0.52 -12.32%
Finlay $0.61 $0.69 -$0.08 -11.59%
Fuqi International $11.46 $10.95 $0.51 4.66%
JCPenney $40.63 $41.49 -$0.86 -2.07%
Kohl's $46.90 $45.33 $1.57 3.46%
Lazare Kaplan $8.20 $9.65 -$1.45 -15.03%
LJ International $3.57 $3.54 $0.03 0.85%
Macy's $23.32 $24.06 -$0.74 -3.08%
Man Sang $6.76 $7.02 -$0.26 -3.70%
Movado Group $21.32 $21.94 -$0.62 -2.83%
Nordstrom $35.79 $35.74 $0.05 0.14%
Saks $12.98 $13.54 -$0.56 -4.14%
Signet $12.66 $12.31 $0.35 2.84%
Sotheby's $26.74 $26.16 $0.58 2.22%
Tiffany $47.56 $47.60 -$0.04 -0.08%
Wal-Mart $59.78 $57.95 $1.83 3.16%
Zale $21.33 $21.45 -$0.12 -0.56%

EUROPE (*=CHF)
Bulgari €7.20 €7.34 -€0.14 -1.91%
Citizen Holdings €5.28 €5.00 €0.28 5.60%
Escada €14.00 €14.28 -€0.28 -1.96%
Golay-Buchel *2,525.00 *2,529.00 -4.00 -0.16%
LVMH €74.66 €74.48 €0.18 0.24%
Pinault P-R SA €86.11 €82.20 €3.91 4.76%
Richemont SA *65.55 *64.50 1.05 1.63%
Sakha Diamonds €0.72 €0.74 -€0.02 -2.70%
Swatch Group *289.75 *286.25 3.50 1.22%
Theo Fennell (pence) 57.30 57.10 0.20 0.35%

HONG KONG
Hang HKD1.98 HKD2.01 -0.03 -1.49%
King Fook HKD0.80 HKD0.79 0.01 1.27%
Noble Jewelry HKD1.33 HKD1.27 0.06 4.72%
Tse Sui Luen HKD0.84 HKD0.84 0.00 0.00%

INDIA (rupee)
Classic Diamond 63.75 65.10 -1.35 -2.07%
Gitanjali Gems 269.30 296.45 -27.15 -9.16%
Rajesh Exports 78.80 87.65 -8.85 -10.10%
Reliance 2,247.65 2,466.50 -218.85 -8.87%
Su-Raj Diamonds 70.05 72.95 -2.90 -3.98%
Titan 1,149.65 1,167.50 -17.85 -1.53%
Zodiac JRD 28.50 30.95 -2.45 -7.92%
Shantivijay Jewels 135.70 150.05 -14.35 -9.56%
Shukra Jewellery 4.92 5.82 -0.90 -15.46%
Suashish Diamonds 400.05 371.05 29.00 7.82%

NEW ZEALAND
Michael Hill NZD0.84 NZD0.90 -0.06 -6.67%

SINGAPORE
Gems TV Holdings SGD0.180 SGD0.185 -0.005 -2.70%
Sarin Technologies SGD0.375 SGD0.360 0.015 4.17%

TEL AVIV
Tobias Jewellery ILS613.00 ILS695.00 -82.00 -11.80%

MINING STOCKS
(pence unless noted)

USA
Anglo American $33.06 $33.70 -$0.64 -1.90%

CANADA
Archangel CAD1.26 CAD1.32 -0.06 -4.55%
Harry Winston CAD28.68 CAD29.68 -1.00 -3.37%
Mountain Province CAD4.70 CAD4.20 0.50 11.90%
Peregrine Diamonds CAD0.23 CAD0.22 0.02 6.98%
Rockwell Diamonds CAD0.47 CAD0.58 -0.11 -18.97%
Shore Gold CAD3.34 CAD3.30 0.04 1.21%
Stornoway Diamond CAD0.37 CAD0.37 0.00 0.00%
Tahera Diamond CAD0.04 CAD0.04 0.00 0.00%
True North Gems CAD0.39 CAD0.41 -0.02 -3.70%

UK (pence)
African Diamonds 84.0 79.7 4.3 5.46%
BHP Billiton 1,878.0 1,960.0 -82.0 -4.18%
Firestone Diamonds 173.3 184.8 -11.6 -6.25%
Gem Diamonds 1,075.0 1,098.0 -23.0 -2.09%
Mano River 11.1 10.6 0.6 5.40%
Mwana Africa 50.5 50.5 0.0 0.00%
Namakwa Diamonds 153.5 145.0 8.5 5.86%
Petra Diamonds 105.4 100.3 5.2 5.16%
Rio Tinto plc 5,962.0 6,180.0 -218.0 -3.53%



===================
INDIA MARKET REPORT:
-------------------

---Polished: The markets are very quiet as there is shortage of goods
and buyers are still resisting higher prices.

-1 point: Very good demand: +$225 whites.
Good demand: $80-$160 whites.

-2 point: Good demand: +$300 whites.
Fair demand: $125-$150 TTLB.

2-7 point: Good demand: +$250 whites.
Fair demand: $100-$150 TTLB.

8-18 point: Good demand: $700-$900 whites.
Fair demand: $300-$450 whites & $150-$200 TTLB.

20 points: Good demand: $200-$400 & +650 whites.

25 points: Good demand: +$700 whites.
Fair demand: $200-$450 whites.

33 points: Good Demand: $150-$500 whites.
Fair Demand: $1400-$1600 whites.

50 points: Good demand: +$2000 & $1000-$1,500 whites
Fair demand: $700-$800 & $300-$500 whites.

75 points: Very good demand: +$3,000 whites.
Good demand: $700-$900 whites.

1 carat+: Very good demand: +$5,000 whites.
Good demand: $1,500-$4,500 whites.
Fair demand: $500-$1000 whites.

Princess: -3 point: Fair demand: $200-$250 & $325-&375 whites.
+3 point: Fair demand: $$250-$300 & $350-$400 whites.
+9-18 point: Good demand: +14 pts $600-$650 whites
Fair demand: $225-$275 & $300-$400 whites.

20 point: Fair demand: $350-$400 whites & $750-$800 whites.
25 point: Fair demand: $350-$400 whites.
50 point: Fair demand: $600-$1,000 whites.
75 point: Fair demand: $1,200-$1,400 whites.
1 carat+: Good demand: +$1,500 whites.

Marquise: -6 point: Very good demand: $400-$550 whites.
Good demand: $250-$350 whites.
+7-18 point: Very good demand: $500-$650 & +14-point $850-
$900 whites.
Good demand: $225-$300 & +14-point $300-$350
whites.
20 point: Good demand: $675-$725 & $950-$1000 whites.
Fair demand: $325-$375 whites.
25 point: Good demand: $1,000-$1,100 whites.
Fair demand: $400-$450 whites.
33 point: Good demand: $1,200-$1,400 whites.
50 point: Good demand: $1,600-$1,800 whites.
75 point: Good demand: $1,100-$1,400 & $2,600-$3,000 whites.
1 carat+: Very Good demand: +$1,200 whites.

Tapers & Baguettes:
Good demand: $550-$800 +5mm whites. $225-$300
2mm-2.5mm whites; $300-$350, 2.5mm-3mm whites;
$350-$450 3mm-4mm, $500-$600 4mm –
5mm & $175-$250 +2mm-3mm whites.

--- ROUGH: Although there is good demand there is shortages in most of
the categories of VS2+, which is holding the market back. A few
financial failures (of about $4 million) in the local markets have
concerned the trade.

1-5 point: Very good movement: $75-$130 makeables; $85-$170 crystals.
Good movement: $25-$65 makeables.
Good movement: $50-$90 OW TTLB & TTLC;
Fair movement: $5-$20 OW TTLB & TTLC.

6-20 point: Good demand: $130-200 crystals; $120-$150 makeables.
Fair demand: $40-$130 makeables; $60-$80 clivage;
$50-$100 makeables; Very good movement $80-$180;
Fair demand $60-$120 fancy shapes;
$60-$110 OW TTLC & TTLB rounds.

21-50 point: Good demand: $235-270 makeables; $160-$325 crystals.
Fair demand: $110-$210 rounds; $100-$150 crystals; $70-
$130 clivage; Very good movement $140-$220 and
Fair demand $75-$100 fancy shapes; Good demand $70-$150 &
Fair demand $20-$50 OW TTLC & TTLB.

0.51-1.00 carat: Good demand: $80-$125 & $130-$300 makeables;
$125-$250 & $300-$425 crystals.
Fair demand: $70-$100 clivage; Very good demand $225-
$300 and Fair demand $70-$125 fancy shapes;
Good demand $140-$180 & Fair demand $90-$125 OW TTLC &
TTLB.

1.01-2.00 carat: Fair demand: $225-$600 rounds; $225-$800 crystals;
$125-$170 clivage; $200-$400 all fancy shapes.
Good demand $170-$225 OW TTLC & TTLB.

2.01-3.00 carat: Good demand: $225-$1,500 makeables; $500-$1,000 OW
TTLC & TTLB & $350-$1,700 crystals.
Fair demand: $300-$400 clivage; $125-$400 flats &
$500-$1,000 fancy shapes.

5.00 carat+: Very good demand: $1,200+ makeables, crystals & all fancy
shapes till L color.

Mixed Lot: Good demand: $2-$50.


=======
CREDITS:
-------

This week’s TradeWireŽ has been brought you by Jeff Miller and Avi
Krawitz of the Rapaport News Team.
E-mail: news@diamonds.net

For up to the minute 24/7news coverage visit www.Diamonds.net And view
our broadcasts at http://www.diamonds.net/news/


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Moderátor
neco v seredskom jazyku tam nemas? tejto reci moc nerozumim :D
_______________
... Som tu deň a noc ...
Historické pohľadnice, dobové dokumenty a predmety z mesta Sereď
http://sered-city.blogspot.com
Moderátor
jano pri všetkej úcte ku Tebe,myslím autentičnosť je hodne dôležitá to je asi tak pre 0,01% návštevníkov ktorí sem zavítajú.

Pre teba zrejme bude zbytočný v najblížších 5-20 r. jakýkoľvek preklad to ani približne nie je Tvoja parketa.
jano789 napsal
neco v seredskom jazyku tam nemas? tejto reci moc nerozumim :D
Moderátor
tak nic , za pokus to stalo...
_______________
... Som tu deň a noc ...
Historické pohľadnice, dobové dokumenty a predmety z mesta Sereď
http://sered-city.blogspot.com
Moderátor
Rapaport TradeWire - Friday, June 13, 2008
-----------------------------------------

News: Dealers look to Hong Kong Show for improved activity after
disappointing JCK Las Vegas. Weak rupee creating liquidity pressures
in India. Rising U.S. fuel and food prices reducing consumer demand
for big ticket items. Signet 1Q U.S. sales flat at $631 mil.
same-store sales -5%, but overall sales + 1% to $823 mil. and profits
-24% to $25 mil. Christie’s London sells 38ct, D, pear shaped diamond
necklace from Christina Onassis for $7.1 mil. ($187,000p/ct.) U.S.
April polished imports +25% to $1.51 bil. polished exports +34% to
$1.09 bil. Australia 1Q diamond production -36% to 2.277 mil. carats.
NGOs call for expulsion of Venezuela from Kimberly Process for failing
to file export data. De Beers renames marketing group Forevermark as
company shifts advertising away from generic diamond marketing to
their Forevermark brand.


=============
ANNOUNCEMENTS:
-------------

Rapaport will be exhibiting at the following international shows:
Hong Kong, June 19-22; Singapore, Aug. 21-24;
London, Aug. 31 to Sept.3

==========================================
Rapaport International Diamond Conference
Sept. 8, 2008, New York, Waldorf Astoria Hotel

“2010, The Next Decade - Preparing For The Future”

Register via email: conference@Diamonds.Net
==========================================

============
RETAIL QUOTE:
------------

"This year we were expecting a slowdown, but it hasn't happened. When
we opened our store on Bond Street 21 years ago, clients came mainly
from the Middle East and Brunei. Now there is a healthier variety of
buyers...they come from India, the Far East, and London, too, [but]
there has been a drop in sales to London city people."

---Marwan Chatila of Chatila Jewellers, London


==========
WORLD NEWS:
----------

---Onassis Diamonds Sell Well-above Estimates at Christie's London

From initial reports, a 38-carat, D, pear shaped diamond necklace sold
for about $7.1 million (GPB3.625 million) at Christie's London against
a pre-sales estimate of about $4 million. The necklace was part of a
jewelry sale, which included 44 pieces from the Christina Onassis
collection. A 14.79-carat diamond ring sold for twice its pre-sale
estimate at about $2.2 million. The Onassis collection generated a
total sale of about $14 million. The 228-lot jewelry sale fetched
about $30 million against a presale estimate of between $16 million
and $20 million.


---De Beers Renames Marketing Unit 'Forevermark'

De Beers changed its marketing group name to ‘Forevermark.’ The
name-change follows the official launch of the Forevermark brand in
May to a select group of clients billing it as “the world’s leading
diamond brand.” No change will take place in the United States.


---NGOs: Venezuela Weakens Effort to Control Conflict Diamonds

A number of non-governmental organizations (NGOs) called for the
immediate expulsion of Venezuela from the Kimberley Process
Certification Scheme. Venezuela was a charter member of the Kimberley
Process (KP) from its 2003 inception, but it submitted no statistical
information after the first quarter of 2005. Production estimates
place Venezuela’s diamond output at 150,000 carats a year, but the
nation only officially exported 33,000 carats in its four years of KP
membership. The charge was led by Partnership Africa Canada and five
other NGOs.


---$2M Jewelry Heist Includes Giants' Super Bowl Rings

New York Giants Super Bowl rings were among the $2 million worth of
items stolen from an Attleboro, MA, jewelry company. Police say
thieves disabled the alarm system at E.A. Dion's building, cut a hole
in the roof and made off with a safe that weighed at least 1,000
pounds and contained gold, gems and the rings.


---Diamond Theft Hits Houston, Orange County

A gang of five robbers stabbed a jewelry salesman for the 600 carats
of diamonds he was carrying when he stopped at a gasoline station in
southeastern Houston. The incident was the sixth time in as many weeks
out of Houston. In Orange County, California, diamonds valued between
$175,000 and $200,000 were reported stolen from the passenger seat of
a car. Witnesses observed three men smashing a window to get the bag
containing the diamonds and they drove away in a black Infinity.
Please protect yourself and watch our special edition video broadcast
on safety tips:

http://www.diamonds.net/news/NewsItem.aspx?ArticleID=21733


---Federal Reserve Blames High Energy, Food Prices for Weak Economy

The Federal Reserve said the U.S. economy remained "generally weak"
heading into summer as rising costs for energy and food pounded
consumers and forced some companies to push their own prices higher.

The Fed's new snapshot of business conditions, released Wednesday in
Washington, underscored two big sore spots for the country: Listless
economic activity coupled with lofty energy and food prices. Those
rising prices raise the risks of both spreading inflation and putting
another drag on overall economic growth.


---Rapaport News Broadcast

Rising gas prices add to consumer pain in the United States as the
majority of consumers now say they have "significantly" cut back
spending due to higher costs of buying oil products. Signet's first
quarter results certainly reflected a drop in consumer spending
state-side. Israel's trade back-steps just a little from JCK Show
optimism one week later. NGOs want Venezuela out of the Kimberley
Process.

http://www.diamonds.net/news/NewsItem.aspx?ArticleID=21911




=============
DIAMOND STATS:
-------------

---USA April Imports/Exports (YTD = year to date)

Apr %Chng YTD %Chng
($Mil) ‘07 ($Mil) ‘07

Polished Imports $1,510 25% $6,425 15%
Polished Exports $1,086 34% $4,652 40%
Net Polished $424 6% $1,773 -22%

Rough Imports $56 8% $267 -4%
Rough Exports $20 -39% $144 -25%
Net Rough $36 89% $123 43%

Diamond Acct $460 10% $1,896 -19%




=======================
RETAIL & WHOLESALE NEWS:
-----------------------


---Signet U.S. Sales Flat, Group Profits -24% in 1Q08

Signet Group plc first quarter sales rose 1 percent to $822.5 million,
while same-store sales dropped 2.5 percent. Profits fell 24 percent to
$24.7 million. Sales in the United States were flat at $631.1 million
and same-store sales fell 4.7 percent. Signet reported good news out
of the U.K. where sales rose 4 percent to $191.4 million, and
same-store sales rose 5.3 percent.


---PPR Buys Stake in Swiss Luxury Watch Maker

French luxury retailer PPR bought a 23 percent stake in the Sowind
Group, a Swiss watch manufacturer, for an undisclosed amount. PPR said
the partnership was aimed at capitalizing upon long term growth
prospects in the high end watch-making (Haute Horlogerie) segment,
where Sowind has a strong presence. Sowind owns the Girard-Perregaux
and JeanRichard watch brands and also has a research and development
center and manufacturing unit.


---LVMH to Redevelop La Samaritaine

French luxury goods group, LVMH has announced plans to redevelop La
Samaritaine, the Paris department store which closed in 2005. LVMH
plans to convert the existing buildings into a complex comprising of
retail outlets, local authority housing, offices, and a hotel. The
project is expected to create around 2,000 jobs and should be
completed in 2013.


---Gitanjali Gems Raises Stake in Fantasy Diamond, Buys 2 Other
Companies

Gitanjali Gems has bought full control of Fantasy Diamond Cut Pvt Ltd
for an undisclosed amount. Gitanjali also acquired 100 percent shares
in each of Eureka Finstock Pvt Ltd and Decent Securities & Finance Pvt
Ltd, both of which were previously “promoter group companies.”


---Tiffany to Open Eighth China Store

Tiffany & Co will open its eighth location in China next month. The
jeweler will open a 2,000 square-foot store in the Hisense Plaza,
located near the hotel and yacht club in the coastal town of Qingdao.


---Luk Fook Ltd Sees Double-digit Growth for its Stores on Mainland
China

Luk Fook Holdings Ltd, a Hong Kong-based jeweler, hopes to expand its
operating profit in Mainland China from 30 percent to 50 percent in
the next three to five years. CFO Tim-fuk said that the mainland
jewelry market will be able to maintain double-digit growth in the
next ten years, while Hong Kong will only grow in the single digits as
the market is now mature. Luk Fook operates 383 stores globally, of
which 346 are in the mainland and 29 in Hong Kong.



===================
DIAMOND MINING NEWS:
-------------------

---Australia's 1Q Diamond Production -36%; Exports -27%

Australia’s diamond production fell 36.4 percent to 2.277 million
carats for the three months ending March 31, 2008. Among Australia’s
other commodities, gold production fell 14.7 percent to 52 tonnes,
while production of copper, coal and petroleum products all decreased.


---ALROSA May Become Open Joint Stock Company by August

ALROSA could become an open joint stock company (OJSC) by August,
company president Sergei Vybornov told reporters, but said he felt
2009 was a better time for the move. The state-owned ALROSA, which
mines a quarter of the world's diamonds, is currently a closed joint
stock company.


---BHP Chief Says Rio Bid 'Very Full'

BHP Billiton chief executive Marius Kloppers said its takeover bid for
Rio Tinto Ltd was "very full," as he continued to promote the merits
of a tie-up between the two miners. BHP Billiton has offered 3.4 of
its shares for each Rio Tinto share.

Kloppers reiterated that BHP Billiton's bid represented a 45 percent
premium based on the volume-weighted average price of Rio Tinto shares
prior to its takeover approach on November 1. He said BHP Billiton
expected to post offer documents to Rio Tinto shareholders by the end
of the year after obtaining relevant regulatory approvals.


---BRC DiamondCore, Rio Tinto Look to Partnership in DRC Diamond
Exploration

BRC DiamondCore Ltd. has given Rio Tinto Mining and Exploration the
right to earn a 60 percent stake in its five diamond exploration
projects in the Democratic Republic of the Congo (DRC.) The two
companies signed a letter of intent whereby Rio would agree to spend
$13 million in stages on completion of certain milestones in the
projects.


---Diavik Diamond Mine to Adopt Rio Tinto Logo

The Diavik Diamond Mine is planning to rebrand its logo to reflect the
ownership of holding company Rio Tinto. The mine, which is 60 percent
owned by Rio Tinto and 40 percent by Harry Winston Diamond
Corporation, will unveil its new look in the weeks and months to come.


---Stornoway Nanuvut Diamond Project May Hold 10M Carat Resource

Stornoway Diamond Corporation said its Qilalugaq Project in Nunavut,
Canada, may hold a 10 million carat diamond resource after completing
minibulk sampling at the site. Stornoway reported that the 1.04
million acre property contains 17 kimberlites, including the 14
hectare Q1-4 bodies, which returned 6,081 carats of diamonds in recent
dense media separation processing. The sample indicated a diamond
content of 30 carats per hundred tonne (cpht) for stones retained on a
0.85mm square mesh screen, the company said.


---Ministerial Consent Granted to Petra Diamonds for Cullinan

Petra Diamonds Limited was granted Ministerial consent for the cession
and transfer of the Cullinan new order mining right to Cullinan
Diamond Mine (Pty) Limited from De Beers Consolidated Mines Limited.
Cullinan is wholly owned by the members of the Petra Diamonds Cullinan
Consortium. The timetable for completion of the Cullinan acquisition
remains on track for July 2008, when Petra will take over the
operation of the mine from De Beers.


==========
ECON WATCH:
----------

For week ending June 12, 2008

Jun 12 June 5 Chng.
$1 = Euro 0.648 0.641 0.007
$1 = Rupee 42.7 42.8 -0.1
$1 = Israel Shekel 3.41 3.35 0.06
$1 = Rand 8.14 7.83 0.31
$1 = Canadian Dollar 1.02 0.98 0.04


Precious Metals Jun 12 June 5 Chng.
Gold $868.90 $875.90 -$7.00
Platinum $2,020.00 $2,006.00 $14.00

Stock Indexes
BSE 15,250.20 15,769.72 -3.29%
Dow Jones Avg. 12,141.58 12,604.45 -3.67%
FTSE 5,790.50 5,995.30 -3.42%
Hang Seng 23,023.86 24,255.29 -5.08%
S & P 500 1,339.87 1,404.05 -4.57%
Yahoo! Jewelry Index 978.88 1,054.21 -7.15%


===========
STOCK WATCH:
-----------
Jun 12 June 5 Chng. Chng.
USA
Abazias $1.20 $0.52 $0.68 130.77%
Birks & Mayors $3.33 $3.31 $0.02 0.49%
Blue Nile $41.98 $50.59 -$8.61 -17.02%
Charles & Colvard $1.32 $1.31 $0.01 0.76%
Collector's Universe $9.73 $10.05 -$0.32 -3.18%
DGSE Companies, Inc. $3.45 $3.70 -$0.25 -6.76%
Finlay $0.42 $0.61 -$0.19 -31.15%
Fuqi International $9.30 $11.46 -$2.16 -18.85%
JCPenney $38.18 $40.63 -$2.45 -6.03%
Kohl's $43.88 $46.90 -$3.02 -6.44%
Lazare Kaplan $8.15 $8.20 -$0.05 -0.61%
LJ International $2.89 $3.57 -$0.68 -19.05%
Macy's $21.31 $23.32 -$2.01 -8.62%
Man Sang $6.42 $6.76 -$0.34 -5.03%
Movado Group $20.50 $21.32 -$0.82 -3.85%
Nordstrom $33.25 $35.79 -$2.54 -7.10%
Saks $12.01 $12.98 -$0.97 -7.47%
Signet $10.60 $12.66 -$2.06 -16.27%
Sotheby's $25.44 $26.74 -$1.30 -4.86%
Tiffany $46.02 $47.56 -$1.54 -3.24%
Wal-Mart $59.11 $59.78 -$0.67 -1.12%
Zale $20.74 $21.33 ($0.59) -2.77%

EUROPE
Bulgari €6.70 €7.20 -€0.50 -6.94%
Citizen Holdings €5.12 €5.28 -€0.16 -3.03%
Escada CHF 14.08 CHF 14.00 CHF 0.08 0.57%
Golay-Buchel €2,500.00 €2,525.00 -€25.00 -0.99%
LVMH €71.58 €74.66 -€3.08 -4.13%
Pinault P-R SA CHF 79.83 CHF 86.11 -CHF 6.28 -7.29%
Richemont SA €62.80 €65.55 -€2.75 -4.20%
Sakha Diamonds CHF 0.65 CHF 0.72 -CHF 0.07 -9.44%
Swatch Group 273.00 289.75 -16.75 -5.78%
Theo Fennell (pence) 50.00 57.30 -7.30 -12.74%

HONG KONG
Hang HKD 1.94 HKD 1.98 -HKD 0.04 -2.02%
King Fook HKD 0.75 HKD 0.80 -HKD 0.05 -6.25%
Noble Jewelry HKD 1.28 HKD 1.33 -HKD 0.05 -3.76%
Tse Sui Luen HKD 0.84 HKD 0.84 HKD 0.00 0.00%

INDIA (rupee)
Classic Diamond 61.20 63.75 -2.55 -4.00%
Gitanjali Gems 284.85 269.30 15.55 5.77%
Rajesh Exports 79.45 78.80 0.65 0.82%
Reliance 2,281.75 2,247.65 34.10 1.52%
Su-Raj Diamonds 70.05 70.05 0.00 0.00%
Titan 1,060.10 1,149.65 -89.55 -7.79%
Zodiac JRD 28.30 28.50 -0.20 -0.70%
Shantivijay Jewels 129.00 135.70 -6.70 -4.94%
Shukra Jewellery 4.44 4.92 -0.48 -9.76%
Suashish Diamonds 419.85 400.05 19.8 4.95%

NEW ZEALAND
Michael Hill NZD 0.82 NZD 0.84 -NZD 0.02 -2.38%

SINGAPORE
Gems TV Holdings SGD 0.17 SGD 0.18 -SGD 0.01 -5.56%
Sarin Technologies SGD 0.38 SGD 0.38 SGD 0.00 0.00%

TEL AVIV
Tobias Jewellery ILS 500.00 ILS 613.00-ILS 113.00 -18.43%

MINING STOCKS
(pence unless noted)

USA
Anglo American $30.73 $33.06 -$2.33 -7.05%

CANADA
Archangel CAD 1.15 CAD 1.26 -CAD 0.11 -8.73%
Harry Winston CAD 28.17 CAD 28.68 -CAD 0.51 -1.78%
Mountain Province CAD 4.41 CAD 4.70 -CAD 0.29 -6.17%
Peregrine Diamonds CAD 0.21 CAD 0.23 -CAD 0.02 -8.70%
Rockwell Diamonds CAD 0.58 CAD 0.47 CAD 0.11 23.40%
Shore Gold CAD 2.80 CAD 3.34 -CAD 0.54 -16.17%
Stornoway Diamond CAD 0.36 CAD 0.37 -CAD 0.01 -1.37%
Tahera Diamond CAD 0.04 CAD 0.04 CAD 0.00 0.00%
True North Gems CAD 0.36 CAD 0.39 -CAD 0.03 -7.69%

UK (pence)
African Diamonds 78.0 84.0 -6.0 -7.14%
BHP Billiton 1,844.0 1,878.0 -34.0 -1.81%
Firestone Diamonds 173.5 173.3 0.3 0.14%
Gem Diamonds 1,020.0 1,075.0 -55.0 -5.12%
Mano River 11.3 11.1 0.1 1.17%
Mwana Africa 50.0 50.5 -0.5 -0.99%
Namakwa Diamonds 147.0 153.5 -6.5 -4.23%
Petra Diamonds 111.5 105.4 6.1 5.77%
Rio Tinto plc 5,827.0 5,962.0 -135.0 -2.26%


===================
INDIA MARKET REPORT:
-------------------

---Polished: Local markets trying to reach normal activity as price
differences and severe liquidity crunch is affecting activities in the
local market.

-1 point: Very good demand: +$225 whites.
Good demand: $80-$160 whites.
Fair demand: $150-$250 TTLC.

-2 point: Good demand: +$300 whites.
Fair demand: $125-$150 TTLB & $125-$300 TTLC.

2-7 point: Good demand: +$250 whites.
Fair demand: $100-$150 TTLB & $125-$300 TTLC.

8-18 point: Good demand: $700-$900 whites.
Fair demand: $300-$450 whites & $150-$200 TTLB &
$200-$300 TTLC.

20 points: Good demand: $200-$400 & +650 whites.

25 points: Good demand: +$700 whites.
Fair demand: $200-$450 whites.

33 points: Good Demand: $150-$500 whites.
Fair Demand: $1400-$1600 whites.

50 points: Good demand: +$2000 & $1000-$1,500 whites
Fair demand: $700-$800 & $300-$500 whites.

75 points: Very good demand: +$3,000 whites.
Good demand: $700-$900 whites.

1 carat+: Very good demand: +$5,000 whites.
Good demand: $1,500-$4,500 whites.
Fair demand: $500-$1000 whites.

Princess: -3 point: Fair demand: $200-$250 & $325-&375 whites.
+3 point: Fair demand: $$250-$300 & $350-$400 whites.
+9-18 point: Good demand: +14 pts $600-$650 whites
Fair demand: $225-$275 & $300-$400 whites.

20 point: Fair demand: $350-$400 whites & $750-$800 whites.
25 point: Fair demand: $350-$400 whites.
50 point: Fair demand: $600-$1,000 whites.
75 point: Fair demand: $1,200-$1,400 whites.
1 carat+: Good demand: +$1,500 whites.

Marquise: -6 point: Very good demand: $400-$550 whites.
Good demand: $250-$350 whites.
+7-18 point: Very good demand: $500-$650 & +14-point $850-
$900 whites.
Good demand: $225-$300 & +14-point $300-$350
whites.
20 point: Good demand: $675-$725 & $950-$1000 whites.
Fair demand: $325-$375 whites.
25 point: Good demand: $1,000-$1,100 whites.
Fair demand: $400-$450 whites.
33 point: Good demand: $1,200-$1,400 whites.
50 point: Good demand: $1,600-$1,800 whites.
75 point: Good demand: $1,100-$1,400 & $2,600-$3,000 whites.
1 carat+: Very Good demand: +$1,200 whites.

Tapers & Baguettes:
Good demand: $550-$800 +5mm whites. $225-$300
2mm-2.5mm whites; $300-$350, 2.5mm-3mm whites;
$350-$450 3mm-4mm, $500-$600 4mm –
5mm & $175-$250 +2mm-3mm whites.

---ROUGH: Although the Antwerp rough market is hot, local markets are
slow as manufacturers and traders are resisting high rough asking
prices.

1-5 point: Very good movement: $75-$140 makeables; $85-$180 crystals.
Good movement: $25-$65 makeables.
Good movement: $50-$90 OW TTLB & TTLC;
Fair movement: $5-$20 OW TTLB & TTLC.

6-20 point: Good demand: $130-210 crystals; $120-$160 makeables.
Fair demand: $40-$140 makeables; $60-$80 clivage;
$50-$100 makeables; Very good movement $80-$180;
Fair demand $60-$120 fancy shapes;
$60-$110 OW TTLC & TTLB rounds.

21-50 point: Good demand: $235-280 makeables; $160-$340 crystals.
Fair demand: $110-$220 rounds; $100-$150 crystals; $70-
$130 clivage; Very good movement $140-$220 and
Fair demand $75-$100 fancy shapes; Good demand $70-$150 &
Fair demand $20-$50 OW TTLC & TTLB.

0.51-1.00 carat: Good demand: $80-$125 & $130-$325 makeables;
$125-$250 & $300-$450 crystals.
Fair demand: $70-$100 clivage; Very good demand $225-
$325 and Fair demand $70-$125 fancy shapes;
Good demand $140-$180 & Fair demand $90-$125 OW
TTLC & TTLB.

1.01-2.00 carat: Fair demand: $225-$600 rounds; $225-$800 crystals;
$125-$170 clivage; $200-$400 all fancy shapes.
Good demand $170-$225 OW TTLC & TTLB.

2.01-3.00 carat: Good demand: $225-$1,500 makeables; $500-$1,000 OW
TTLC & TTLB & $350-$1,700 crystals.
Fair demand: $300-$400 clivage; $125-$400 flats &
$500-$1,000 fancy shapes.

5.00 carat+: Very good demand: $1,200+ makeables, crystals & all fancy
shapes till L color.

Mixed Lot: Good demand: $2-$50.



=======
CREDITS:
-------

This week’s TradeWireŽ has been brought to you by Jeff Miller and Zach
Helke of the Rapaport News Team.

E-mail: news@diamonds.net

For up to the minute 24/7 news coverage visit www.Diamonds.net
And view our broadcasts at http://www.diamonds.net/news/




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Rapaport TradeWire - Friday, June 20, 2008
------------------------------------------

News: Hong Kong Show opens with good attendance and larger diamond
pavilion. Dealers expecting to move goods that didn’t sell at Vegas
Show. Diamond Circle Capital raises $100 mil. for “investment diamond”
IPO that will focus on $1 mil+ stones. Christie's Paris sells
$4,728,372 (73% by lot). Venezuela withdraws from Kimberly Process
after complaints that they were not regulating rough exports. Russian
government takes majority stake in ALROSA. Russia 1Q-08 rough exports
at $720.73 mil. (11.8 mil. cts.) India May polished exports + 32 % to
$1.28 bil., rough imports +23%to $917.28 mil. China’s May jewelry
sales +29%. U.S. Mother’s Day helps drive online jewelry traffic up 9%
from April. Hearts on Fire to open its first U.S. retail store June
26.

=============
ANNOUNCEMENTS:
-------------

=========================
RAPAPORT TENDERS IN INDIA
=========================

Rough Diamond Tender - By Appointment Only

June 30 – July 3, 2008
2600+ carats, 3-4 and 5-6 Grainers, Makeables and Sawables,
Fine D-H colors, VVS-SI clarity
Contact Manisha@diamonds.net or 91-22-6637-6633


Polished Diamond Tender – By Appointment Only

July 13–17, 2008
Over 3200 carats, Rounds and Fancies, 0.01 up to 2.00 carats
D-M, VS-I3, Large selection of promotional qualities, Over 150 Lots
For Contact Manisha@diamonds.net or 91-22-6637-6633

===========================================


Rapaport will be exhibiting at the following shows:

Hong Kong, June 19-22; JA New York July 27-30;
India Int’l Jewellery Show Aug. 7-11;
Singapore, Aug. 21-24; London, Aug. 31 to Sept.3

To view all events and details
http://www.diamonds.net/Events/default.aspx


==========================================
Rapaport International Diamond Conference
Sept. 8, 2008, New York, Waldorf Astoria Hotel
“2010, The Next Decade - Preparing For The Future”
Register via email: conference@Diamonds.Net
==========================================



============
RETAIL QUOTE:
------------

"International sales [for Blue Nile] were up 112.5% to $17 million in
2007 over the year prior. Over the long-term, we believe international
will be half or more of our total business."

--- Diane Irvine, Blue Nile CEO

"[Blue Nile] international accounted for 5% of 2007 revenue, and we
anticipate that contribution level rising to 9% for 2008. Blue Nile
appears focused on consistently expanding its market share, it likely
accounts for 4% of U.S. diamond engagement ring sales, in good times
and in bad."

--- Mark Mahaney, analyst with Citigroup


==========
WORLD NEWS:
----------

---Russia Takes Back ALROSA, Auction Nets $17M

Russia gained a majority stake (50 percent plus 1 share) in diamond
mining company ALROSA after two years of planning. The Republic of
Sakha (Yakutia,) where ALROSA’s diamonds are mined, retained its 32
percent share. The eight districts in Yakutia kept their 8 percent
collective interest, and the remaining 10 percent is said to be held
by employees and executives.

ALROSA sold $17 million during a rough diamond auction in Moscow for
special-sized diamonds. Almost all 104 parcels, containing 334
diamonds weighing more than 5,200 carats in total, were sold. The
biggest diamond sold weighed 39.36 carats. One lot was sold for a
$48,000 per carat.


---Venezuela Drops Out of KPCS

The withdrawal of Venezuela from the Kimberley Process Certification
Scheme (KPCS) "solves a longstanding problem in terms of Venezuelan
non-compliance with KPCS minimum standards," according to a number of
non-governmental organizations (NGOs.)

However, even though Venezuela will no longer participate in KPCS, the
problem remains how to account for diamonds leaving that country.
Fatal Transactions, Global Witness, Green Advocates, International
Peace Information Service, and Partnership Africa Canada, called for
the expulsion of Venezuela from the KP for non-compliance ahead of the
KP meeting held in India this week.


---Fake KP Certs Threaten Effort to Eliminate Conflict Diamonds

The goal to eliminate conflict diamonds is frustrated by the
proliferation of fake certificates, said India’s Commerce Secretary
G.K. Pillai. He said the problem was growing and undermined the “very
core” of what the KPCS strove to achieve. Representatives from 34
countries are participating in the three-day conference, aimed at
eliminating conflict or "blood" diamonds. India, which became its
chair for one year beginning January 1, is hosting the conference for
the first time.


---China's Jewelry Sales in May +29%, Consumer Price Index +8%

Retail sales across China during the month of May rose 22 percent to
about $124.3 billion. Jewelry sales rose 29.4 percent. So far in 2008,
retail sales across China have risen 21 percent to about $614 billion.

China's consumer price index (CPI) rose 7.7 percent in May 2008 after
hitting 8.5 percent in April and hit a 12-year-high of 8.7 percent in
February. From January through May, the general level of accumulated
CPI increased 8.1 percent annually, with urban areas registering a 7.7
percent increase and rural areas up 8.8 percent. Earlier this year,
the government set the annual target CPI of 4.8 percent.


---April Retail Sales in Singapore +7%

April retail sales in Singapore rose 7.5 percent to about $2 billion,
and the sales volume rose 1.7 percent. Month-to-month sales fell 4
percent in April from March due to steep declines in sales of autos,
computers, furniture and household equipment, and apparel and
footwear.


---Rapaport News Broadcast

The Hong Kong Show has a new location for the diamond pavilion;
Russell Simmons launches a PSA to encourage consumers to question
origins of diamonds and jewelry in raising awareness for the Diamond
Empowerment Fund; and organizers of London's first jewelry week call
the event a success.

http://www.diamonds.net/news/NewsItem.aspx?ArticleID=21995



=============
DIAMOND STATS:
-------------


---India May Imports/Exports (YTD= year to date)

May.08 %Chng YTD 08 %Chng
($Mil) ‘07 ($Mil) ‘07
Polished Exports $1,282 32% $6,654 33%
Polished Imports $483 71% $2,923 179%
Net Polished $799 17% $3,731 -6%

Rough Imports $917 23% $4,449 15%
Rough Exports $52 49% $330 27%
Net Rough $866 22% $4,119 14%

Diamond Account $(67) N/A $(387) N/A


---Russia Exports 12M Carats in 1Q08

Russia exported 11.827 million carats in diamonds worth $720.73
million in the first quarter of 2008. Russia exported 5.177 million
carats in diamonds worth $305.294 million to European Union (E.U.) in
the first quarter and exported 6.6492 million carats worth $414.836
million to other countries (including Armenia, Belarus, Britain,
Israel, India, China, the United Arab Emirates, and Switzerland.)



=======================
RETAIL & WHOLESALE NEWS:
-----------------------

---Wholesalers Notify Whitehall of Past-due Debt

M.Fabrikant & Sons and Rosy Blue, independent of the other, notified
Whitehall Jewelers Inc. of being in default for an aggregate of $6.7
million. In addition, other vendors requested certain payment
assurances to which Whitehall stated granting such assurances placed
maintenance of store inventories at risk. Meanwhile, PWJ Lending II
LLC communicated to Whitehall that it would not lend any additional
funds under its agreement at this time. As of June 13, Whitehall had
approximately $64.5 million of outstanding borrowings. The company
claimed it is facing "significant challenges” meeting its liquidity
requirements and needs additional financing in the near term. In a
separate statement, company director Daniel Platt resigned his post.


---Paris: Christie's Bijoux Sale Totals Almost $5M

Christie's Paris Jewels sale, Bijoux, totaled $4,728,372
(EUR3,052,138) and sold 73 percent by lot. The top lot was a 5.13ct,
D, VVS2, marquise-cut diamond platinum ring, which sold for $409,763
to a trade member from the United States. The sale price was more than
twice the pre-sales high estimate of EUR100,000-EUR120,000. The second
top lot was an 8.16ct, G, VVS2 sold for $391,173 to a trade member in
Europe against a pre-sales estimate of EUR150,000-EUR200,000.


---Jewelry Web Traffic Rose 9% from April to May

comScore Inc. reported an increase in online activity between April
and May, which was driven by Mother's Day, and gave the jewelry and
luxury goods sector a boost in visitors. Content categories showing
gains in traffic from April to May included a 15 percent jump in
visitors to floral related websites; an 11 percent jump in coupon
gifts sites; and a 9 percent increase in jewelry / luxury goods
websites.


---Damiani Opens Rodeo Drive Store

Damiani S.p.A has opened its first single brand store in Los Angeles.
The Milan-based jewelry manufacturer said the new store is located on
Rodeo Drive in Beverly Hills, famous for its cluster high end fashion
outlets. The Damiani store covers a 140 square meter space.


---Hearts on Fire to Open Shop in Atlantic City June 26

The Hearts On Fire Company will open a retail store in the United
States at the Shoppes at the Water Club, Atlantic City, New Jersey.
The store, which will be owned by Hearts on Fire’s longtime retail
partners Harvey and Madalyn Rovinsky of Bernie Robbins Fine Jewelry,
will officially open on June 26, 2008 and offer a full assortment of
Hearts on Fire diamond jewelry, from bridal, to fashion jewelry and
couture.


---Reliance Jewels Opens Third India Store

Indian retailer Reliance Retail opened its third Reliance Jewels store
in the country. The company is planning to open approximately 300
stores in India during the next three years in an effort to capture
about 10 percent of the local market. The new store is located in
North India and covers approximately 500 square feet of space on two
floors.


---Jewelry Channel to Close 16mos After Launch

The Jewelry Channel, out of Round Rock, Texas, will close its
operations just 16 months after launching its broadcast channel over
the airwaves and online. The company, which is not to be confused with
Jewelry Television, was expected to bring 700 jobs, but instead will
now layoff 106 workers on August 4.


===========
WHO’S NEWS:
-----------

---Antwerp Elects Board of Directors for AWDC

The Antwerp World Diamond Centre (AWDC) reported that roughly 750 out
of 1,800 diamond companies cast their votes in elections, which was
higher than 678 votes cast in 2006.

The six mandates were assigned to Ashit Mehta (Arjav Diamonds NV) and
Kaushik Mehta (Eurostar Diamond Traders NV) in the category of the
largest diamond companies; Mehul Kothari (Sushang Exports NV) and
Bharat Shah (Diampex NV) in the middle range category; and Mihir Mehta
(Interjewel Europe NV) and Sunil Kumar Shah (Pink Star BVBA) in the
third category. The new board will be validated within the next week.


---Frederick Goldman Adds Tanner to Executive Team

Frederick Goldman Inc. appointed Tom Tanner as vice president of
marketing. He joins the company after serving as senior director of
marketing at Andin International. Tanner brings more than 15 years of
traditional and interactive marketing to Frederick Goldman and will be
responsible for marketing strategy, brand management, communications
and sales support.


---Israeli Diamond Cutters Indicted for $600K Fraud

Israel’s district attorney’s office served an indictment against two
local diamond dealers, Moti Weisbrot and Amos Sulimani, who are
accused of stealing diamonds valued at some $600,000. The two men were
arrested earlier in June for posing as representatives of Bulgari,
Chopard and other big industry names. Police had started investigating
the scam in January after receiving complaints that the two failed to
pay for diamonds and kept them for themselves.


===================
DIAMOND MINING NEWS:
-------------------

---Anglo American Shares Rise on Takeover Rumors

Anglo American shares spiked in London on Monday after rumors broke
that Brazilian mining rival Vale is planning a takeover bid for the
company. Anglo currently has a market capitalization of GBP 44.4
billion (about $87 billion) and owns a 45 percent stake in De Beers,
the world’s largest diamond producer.


---Production Surpasses $3M at Etruscan's Blue Gum Diamond Project

Etruscan Diamonds Limited's Blue Gum Diamond Project in Ventersdorp,
South Africa, has recovered 5,465 carats for an overall grade of 2.61
carats per hundred cubic meters and a rough tender average value of
$613 per carat. A total of 3,880 carats have been sold at rough tender
and 763 carats were delivered to Etruscan Diamonds’ strategic partner,
African Romance of South Africa, for cutting, polishing, and
certification.


---BRC DiamondCore Asks Court to Void BEE Agreement

Toronto-based BRC DiamondCore Ltd has requested court assistance to
sever ties with its former Black Economic Empowerment (BEE) partner
Sefalana Mineral Resources. BRC claimed that Selafana failed to
fulfill five of six conditions required.


---Petra Yields 1,000cts in Trial Mining at Kono

Petra Diamonds recovered 1,049 carats of diamonds during trial mining
at its Kono project in Sierra Leone. The company plans to place a
parcel of 800 carats of diamonds from Kono on sale in its first
diamond tender from the mine scheduled for August. A second tender is
scheduled for October.


---Diamonds North Announces $10M in Bought Deal Financing

Diamonds North Resources Ltd. secured a little more than $10 million
in a bought-deal private placement with a syndicate of underwriters.
The junior miner also intends to raise $2 million through a
non-brokered private placement shortly. The funds raised from the
issuance of the flow-through shares shall be used for general
exploration expenditures.


---Mwana Africa Raises $50M from New Shares

Mwana Africa placed 62.5 million new ordinary shares through JPMorgan
Cazenove and Canaccord Adams Ltd (co-managers) at a price of 40-pence
per placing share, raising GBP25 million ($50 million) before
expenses. Following admission of the placing shares, Mwana Africa's
issued share capital will consist of 400,433,819 ordinary shares of
10-pence each.


==========
ECON WATCH:
----------

For week ending June 19, 2008

Jun 19 June 5 Chng.
$1 = Euro 0.645 0.648 -0.003
$1 = Rupee 42.9 42.7 0.2
$1 = Israel Shekel 3.36 3.41 -0.04
$1 = Rand 7.95 8.14 -0.20
$1 = Canadian Dollar 1.02 1.02 -0.01


Precious Metals Jun 19 June 5 Chng.
Gold $898.80 $868.90 $29.90
Platinum $2,061.00 $2,020.00 $41.00

Stock Indexes Jun 19 June 5 Chng. Chng.

BSE 15,087.99 15,250.20 -162.21 -1.06%
Dow Jones Avg. 12,063.09 12,141.58 -78.49 -0.65%
FTSE 5,708.40 5,790.50 -82.10 -1.42%
Hang Seng 22,797.61 23,023.86 -226.25 -0.98%
S & P 500 1,342.83 1,339.87 2.96 0.22%
Yahoo! Jewelry Index 994.45 978.88 15.565 1.59%



===========
STOCK WATCH:
-----------
Jun 19 June 5 Chng. Chng.
USA
Abazias $1.20 $1.20 $0.00 0.00%
Birks & Mayors $3.10 $3.33 -$0.23 -6.80%
Blue Nile $46.19 $41.98 $4.21 10.03%
Charles & Colvard $1.21 $1.32 -$0.11 -8.33%
Collector's Universe $9.70 $9.73 -$0.03 -0.31%
DGSE Companies, Inc. $3.70 $3.45 $0.25 7.25%
Finlay $0.44 $0.42 $0.02 4.76%
Fuqi International $10.20 $9.30 $0.90 9.68%
JCPenney $37.25 $38.18 -$0.93 -2.44%
Kohl's $45.20 $43.88 $1.32 3.01%
Lazare Kaplan $8.97 $8.15 $0.82 10.11%
LJ International $3.55 $2.89 $0.66 22.91%
Macy's $21.70 $21.31 $0.39 1.83%
Man Sang $7.19 $6.42 $0.77 11.99%
Movado Group $20.64 $20.50 $0.14 0.68%
Nordstrom $34.94 $33.25 $1.69 5.08%
Saks $12.47 $12.01 $0.46 3.83%
Signet $10.33 $10.60 -$0.27 -2.55%
Sotheby's $26.61 $25.44 $1.17 4.60%
Tiffany $46.79 $46.02 $0.77 1.67%
Wal-Mart $57.69 $59.11 -$1.42 -2.40%
Zale $21.48 $20.74 $0.74 3.57%

EUROPE
Bulgari €6.55 €6.70 -€0.15 -2.24%
Citizen Holdings €4.88 €5.12 -€0.24 -4.69%
Escada CHF 15.50 CHF 14.08 CHF 1.42 10.09%
Golay-Buchel €2,480.00 €2,500.00 -€20.00 -0.80%
LVMH €70.36 €71.58 -€1.22 -1.70%
Pinault P-R SA CHF 77.14 CHF 79.83 -CHF 2.69 -3.37%
Richemont SA €61.10 €62.80 -€1.70 -2.71%
Sakha Diamonds CHF 0.62 CHF 0.65 -CHF 0.04 -5.52%
Swatch Group 266.50 273.00 -6.50 -2.38%
Theo Fennell (pence) 51.00 50.00 1.00 2.00%

HONG KONG
Hang HKD 1.96 HKD 1.94 HKD 0.02 1.03%
King Fook HKD 0.74 HKD 0.75 -HKD 0.01 -1.33%
Noble Jewelry HKD 1.30 HKD 1.28 HKD 0.02 1.56%
Tse Sui Luen HKD 0.84 HKD 0.84 HKD 0.00 0.00%

INDIA (rupee)
Classic Diamond 59.80 61.20 -1.40 -2.29%
Gitanjali Gems 279.85 284.85 -5.00 -1.76%
Rajesh Exports 81.90 79.45 2.45 3.08%
Reliance 2,245.00 2,281.75 -36.75 -1.61%
Su-Raj Diamonds 70.75 70.05 0.70 1.00%
Titan 1,069.20 1,060.10 9.10 0.86%
Zodiac JRD 29.20 28.30 0.90 3.18%
Shantivijay Jewels 137.50 129.00 8.50 6.59%
Shukra Jewellery 4.20 4.44 -0.24 -5.41%
Suashish Diamonds 411.40 419.85 -8.45 -2.01%

NEW ZEALAND
Michael Hill NZD 0.83 NZD 0.82 NZD 0.01 1.22%

SINGAPORE
Gems TV Holdings SGD 0.16 SGD 0.17 -SGD 0.02 -8.82%
Sarin Technologie SGD 0.36 SGD 0.38 -SGD 0.02 -4.00%

TEL AVIV
Tobias Jewellery ILS 645.60 ILS 500.00 ILS 145.60 29.12%

MINING STOCKS
(pence unless noted)

USA
Anglo American $34.61 $30.73 $3.88 12.63%

CANADA
Archangel CAD 1.24 CAD 1.15 CAD 0.09 7.83%
Harry Winston CAD 30.01 CAD 28.17 CAD 1.84 6.53%
Mountain Province CAD 4.20 CAD 4.41 -CAD 0.21 -4.76%
Peregrine Diamonds CAD 0.23 CAD 0.21 CAD 0.02 9.52%
Rockwell Diamonds CAD 0.58 CAD 0.58 CAD 0.00 0.00%
Shore Gold CAD 2.74 CAD 2.80 -CAD 0.06 -2.14%
Stornoway Diamond CAD 0.36 CAD 0.36 -CAD 0.01 -1.39%
Tahera Diamond CAD 0.04 CAD 0.04 CAD 0.00 0.00%
True North Gems CAD 0.38 CAD 0.36 CAD 0.02 5.56%

UK (pence)
African Diamonds 79.2 78.0 1.2 1.54%
BHP Billiton 1,950.0 1,844.0 106.0 5.75%
Firestone Diamonds 171.0 173.5 -2.5 -1.44%
Gem Diamonds 1,033.0 1,020.0 13.0 1.27%
Mano River 11.5 11.3 0.3 2.22%
Mwana Africa 40.0 50.0 -10.0 -20.00%
Namakwa Diamonds 144.0 147.0 -3.0 -2.04%
Petra Diamonds 115.6 111.5 4.1 3.68%
Rio Tinto plc 6,081.0 5,827.0 254.0 4.36%


===================
INDIA MARKET REPORT:
-------------------

---Polished: Activity is slowly gaining momentum. Liquidity crunch and
price difference still reducing the pace of the actual transactions.

-1 point: Very good demand: +$225 whites.
Good demand: $80-$160 whites.
Fair demand: $150-$250 TTLC.

-2 point: Good demand: +$300 whites.
Fair demand: $125-$150 TTLB & $125-$300 TTLC.

2-7 point: Good demand: +$250 whites.
Fair demand: $100-$150 TTLB & $125-$300 TTLC.

8-18 point: Good demand: +$500 whites.
Fair demand: $150-$200 TTLB & $200-$300 TTLC.

20 points: Good demand: $200-$400 & +650 whites.

25 points: Good demand: +$700 whites.
Fair demand: $200-$450 whites.

33 points: Good Demand: $150-$500 whites.
Fair Demand: $1400-$1600 whites.

50 points: Good demand: +$2000 & $1000-$1,500 whites
Fair demand: $700-$800 & $300-$500 whites.

75 points: Very good demand: +$3,000 whites.
Good demand: $700-$900 whites.

1 carat+: Very good demand: +$5,000 whites.
Good demand: $1,500-$4,500 whites.
Fair demand: $500-$1000 whites.

Princess: -3 point: Fair demand: $200-$250 & $325-&375 whites.
+3 point: Fair demand: $$250-$300 & $350-$400 whites.
+9-18 point: Good demand: +14 pts $600-$650 whites
Fair demand: $225-$275 & $300-$400 whites.

20 point: Fair demand: $350-$400 whites & $750-$800 whites.
25 point: Fair demand: $350-$400 whites.
50 point: Fair demand: $600-$1,000 whites.
75 point: Fair demand: $1,200-$1,400 whites.
1 carat+: Good demand: +$1,500 whites.

Marquise: -6 point: Very good demand: $400-$550 whites.
Good demand: $250-$350 whites.
+7-18 point: Very good demand: $500-$650 & +14-point $850-
$900 whites.
Good demand: $225-$300 & +14-point $300-$350
whites.
20 point: Good demand: $675-$725 & $950-$1000 whites.
Fair demand: $325-$375 whites.
25 point: Good demand: $1,000-$1,100 whites.
Fair demand: $400-$450 whites.
33 point: Good demand: $1,200-$1,400 whites.
50 point: Good demand: $1,600-$1,800 whites.
75 point: Good demand: $1,100-$1,400 & $2,600-$3,000 whites.
1 carat+: Very Good demand: +$1,200 whites.

Tapers & Baguettes:
Good demand: $550-$800 +5mm whites. $225-$300
2mm-2.5mm whites; $300-$350, 2.5mm-3mm whites;
$350-$450 3mm-4mm, $500-$600 4mm –
5mm & $175-$250 +2mm-3mm whites.


---ROUGH: Local market is very slow due to very high asking prices of
rough goods and liquidity crunch in the local market.

1-5 point: Very good movement: $75-$140 makeables; $85-$180 crystals.
Good movement: $25-$65 makeables.
Good movement: $50-$90 OW TTLB & TTLC;
Fair movement: $5-$20 OW TTLB & TTLC.

6-20 point: Good demand: $130-210 crystals; $120-$160 makeables.
Fair demand: $40-$140 makeables; $60-$80 clivage;
$50-$100 makeables; Very good movement $80-$180;
Fair demand $60-$120 fancy shapes;
$60-$110 OW TTLC & TTLB rounds.

21-50 point: Good demand: $235-280 makeables; $160-$340 crystals.
Fair demand: $110-$220 rounds; $100-$150 crystals; $70-
$130 clivage; Very good movement $140-$220 and
Fair demand $75-$100 fancy shapes; Good demand $70-$150
Fair demand $20-$50 OW TTLC & TTLB.

0.51-1.00 carat: Good demand: $80-$125 & $130-$325 makeables;
$125-$250 & $300-$450 crystals.
Fair demand: $70-$100 clivage; Very good demand $225-
$325 and Fair demand $70-$125 fancy shapes;
Good demand $140-$180 & Fair demand $90-$125 OW TTLC
& TTLB.

1.01-2.00 carat: Fair demand: $225-$600 rounds; $225-$800 crystals;
$125-$170 clivage; $200-$400 all fancy shapes.
Good demand $170-$225 OW TTLC & TTLB.

2.01-3.00 carat: Good demand: $225-$1,500 makeables; $500-$1,000 OW
TTLC & TTLB & $350-$1,700 crystals.
Fair demand: $300-$400 clivage; $125-$400 flats &
$500-$1,000 fancy shapes.

5.00 carat+: Very good demand: $1,200+ makeables, crystals & all fancy
shapes till L color.

Mixed Lot: Good demand: $2-$50.


=======
CREDITS:
-------

This week’s TradeWire® has been brought to you by Jeff Miller and Zach
Helke of the Rapaport News Team.

E-mail: news@diamonds.net

For up to the minute 24/7 news coverage visit www.Diamonds.net
And view our broadcasts at http://www.diamonds.net/news/


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Rapaport
Attn: Tradewire subscriptions
1212 Avenue of the Americas
Suite 1103
New York, NY 10036
Moderátor
Rapaport TradeWire - Friday, June 27, 2008
------------------------------------------

News: Strong sales for fine quality 1cts-3cts at Hong Kong show but
commercial quality goods were disappointing. Indian market trading
slowing. U.S. retail demand weak except for bridal. Whitehall Jewelers
files for Chapter 11 and House of Taylor surrenders assets to lender
New Stream Capital to avoid bankruptcy. Creditors seek $100 mil. from
Fabrikant's principals citing fraudulent transactions prior to filing
Chapter 11. Hearts on Fire sues Blue Nile for trademark infringement.
Jacob the Jeweler sentenced to 30 months in federal prison. 2007
Wealth Report finds jewelry, gems and watches rank No. 3 as ‘passion
investment’ among high-net worth individuals. Belgium May 2008 rough
imports +3% to $962.69 mil and polished exports +14% to $1.1 bil.


=============
ANNOUNCEMENTS:
-------------

=========================
RAPAPORT TENDERS IN INDIA
=========================

Rough Diamond Tender - By Appointment Only

June 30 – July 3, 2008
2600+ carats, 3-4 and 5-6 Grainers, Makeables and Sawables,
Fine D-H colors, VVS-SI clarity
Contact Manisha@diamonds.net or 91-22-6637-6633


Polished Diamond Tender – By Appointment Only

July 13–17, 2008
Over 3200 carats, Rounds and Fancies, 0.01 up to 2.00 carats
D-M, VS-I3, Large selection of promotional qualities, Over 150 Lots
For Contact Manisha@diamonds.net or 91-22-6637-6633

===========================================


Rapaport will be exhibiting at the following shows:

JA New York July 27-30;
India Int’l Jewellery Show Aug. 7-11;
Singapore, Aug. 21-24; London, Aug. 31 to Sept.3

To view all events and details
http://www.diamonds.net/Events/default.aspx


==========================================
Rapaport International Diamond Conference
Sept. 8, 2008, New York, Waldorf Astoria Hotel
“2010, The Next Decade - Preparing For The Future”
Register via email: conference@Diamonds.Net
==========================================



============
RETAIL QUOTE:
------------

"The general economic downturn and tightening of the credit markets,
among other factors, have contributed to a decline in consumer
discretionary spending, particularly in the luxury goods sector.
[Without an emergency loan] day-to-day retail operations would come to
a halt, a result that would be devastating as the debtors attempt to
maximize the value of their assets through an expedited sale process."

--- Whitehall Jewelers to Bankruptcy Court


==========
WORLD NEWS:
----------

---Don't Trade Diamonds from Venezuela

Venezuela suspended itself from the Kimberley Process Certification
Scheme for a period of at least two years, but Avi Paz, president of
the World Federation of Diamond Bourses (WFDB,) called upon members of
the 29 bourses to take all measures necessary to ensure that they do
not trade, directly or indirectly, in diamonds originating from
Venezuela.


---Whitehall Jewelers Files for Chpt. 11 Protection

Whitehall Jewelers Holdings Inc. filed for Chapter 11 protection; and
secured an $80 million debtor-in-possession (DIP) credit facility from
the Bank of America, Wells Fargo Retail Finance, and GMAC Commercial
Finance, to replace the company’s previous $125 million revolving
credit facility. Subject to court approval, Whitehall will use the DIP
to fund its working capital, including employee wages, certain
supplier payments, and other operating expenses during the
reorganization process.


---Jacob the Jeweler to Serve Time, Pay Fines for Lying to Feds

New York businessman known as "Jacob the Jeweler" was sentenced to 2
1/2 years in federal prison for lying to investigators in reference to
a multi-state drug ring. Jacob Arabov, 43, pleaded guilty in October
to falsifying records and giving false statements as part of a deal
with federal prosecutors. U.S. District Judge Avern Cohn imposed a
minimum sentence of three years and one month, but reduced the
sentence due to Arabov's charitable work. Cohn ordered Arabov to pay a
$50,000 fine and to make a $2 million forfeiture payment to the
government.


---House of Taylor Surrenders Collateral to Lender

House of Taylor, which currently operates without a name due to
dissolving its licensing agreements with both Elizabeth Taylor and
Kathy Ireland, informed the SEC that it had entered into a peaceful
possession of collateral letter with New Stream Secured Capital L.P.
Under the possession letter, debtor acknowledged that it is indebted
to New Stream for about $11.2 million. In addition, the amount must
include interest accrued, commissions, costs, expenses, attorneys’
fees and other charges or contractual obligations, and charges
associated with the sale or other disposition of the debtor’s assets.


---Plaintiffs Seek $100M from Fabrikant Principals

Plaintiffs seek $100 million from M. Fabrikant & Sons principals
charging that Fortgang family members made fraudulent transfers to
subsidiaries before filing for Chapter 11 bankruptcy protection.


---Diamond Fund IPO Falls Short

Diamond Circle Capital listed on the London Stock Exchange as a
closed-ended investment company under the Yahoo! ticker DIAM.L. It
raised about $75 million, far short of its $150 million goal. However,
the company raised $100 million prior to its IPO.


---Hearts on Fire Sues Blue Nile for Trademark Infringement

Diamond jewelry brand Hearts on Fire sued online retailer Blue Nile
for trademark infringement and unfair competition. The company charged
Blue Nile with buying trademarked keywords online in order to direct
consumers to bluenile.com when these shoppers were looking for Hearts
on Fire diamonds.


---Rapaport News Broadcast

Wholesalers and retailers from India report strong sales growth and
profits, but a number of issues hit the trade in the United States.

http://www.diamonds.net/news/NewsItem.aspx?ArticleID=22083


=============
DIAMOND STATS:
-------------


---Belgium May Imports/Exports (YTD= year to date)

May.08 %Chng YTD 08 %Chng
($Mil) ‘07 ($Mil) ‘07

Polished Exports $1,102 14% $5,364 24%
Polished Imports $980 14% $5,194 29%
Net Polished $122 14% $170 -43%

Rough Imports $963 3% $4,812 14%
Rough Exports $1,093 15% $5,135 12%
Net Rough $(130) N/A $(323) 13%

Diamond Account $252 105% $493 -26%



=======================
RETAIL & WHOLESALE NEWS:
-----------------------

---Birks & Mayors Profits -21%, Sales +7%

Montreal-based jewelry retailer Birks & Mayors reported a 16 percent
rise in net sales to $64.2 million during the fourth quarter ending
March 29, 2008, while comparable store sales rose a more modest 2
percent. Operating loss, however, widened to $7.6 million, from $2.4
million a year earlier, as cost of sales and operating expense
increased 26 percent and 23 percent respectively. Birks & Mayors
nevertheless moved into the black for the quarter posting a net income
of $3.3 million, compared with a net loss of $1.9 million.


---Asian Star Profits +39%, Sales +20%

Asian Star profits rose 39 percent to INR 86.91 million ($2 million)
during the fourth quarter of fiscal 2007-08. Net sales rose 20 percent
to INR 4.08 billion ($94.85 million) in the three months ending March
31, 2008. Operating profits for the period fell 4.6 percent to INR
171.31 million (3.98 million.) For the full fiscal year, sales grew
26.6 percent to INR 14.74 billion ($342.99 million,) and net profits
grew 54 percent to INR 432.47 million ($9.85 million.)


---Classic Diamonds Profits +122%, Sales +12%

Classic Diamonds India reported that profits rose 122 percent to INR
55.15 million ($1.28 million) for the three months ending March 31,
2008. Sales rose 12.5 percent to INR 1.85 billion ($43.06 million.)
Operating profits, before interest, depreciation and taxes, fell 10
percent to INR 134.99 million ($31.42 million.) For the full fiscal
year ending March 31, 2008, net profits rose 38 percent to INR 311.4
million ($7.4 million,) sales increased 10.4 percent to INR 7.1
billion ($165.31 million,) and operating profits fell 1.76 percent to
INR 662.99 million ($154.35 million.)


---Flawless Diamond Profits +141%, Sales +34%

Flawless Diamond net profits grew 141 percent to INR 84.58 million
($1.97 million) in its fourth quarter of fiscal 2007-08. Net sales for
the three months ending March 31, 2008 rose 34 percent to INR 1.59
billion ($37.16 million.) For the full fiscal year, Flawless Diamond
net profits grew 246 percent to INR 251.8 million ($5.87 million.)The
company’s net sales rose 86 percent to INR 5.6 billion ($130.9
million,) while expenses increased 82 percent to INR 5.3 billion
($123.78 million) for the year.


---Su-Raj Diamonds Profits +30%, Sales +69%

Su-Raj Diamonds net profits rose 30.2 percent to INR 208.5 million
($4.86 million) in the fourth fiscal quarter 2007-08. Net sales grew
68.6 percent to INR 7.44 billion ($173.49 million) for the three
months ending March 31, 2008. Sales for the full fiscal year increased
45.3 percent to INR 22.81 billion ($532.05 million,) while expenses
rose 47.2 percent to INR 22.06 billion. Net profits for the fiscal
year grew 32 percent to INR 632.4 million ($14.75 million.)


---Rajesh Exports Profits +47%, Sales +41%

Rajesh Exports sales grew 41 percent in the three month period ending
March 31, 2008, to INR 25.25 billion ($589 million,) and net profits
rose 47 percent to INR 489.39 million ($11.41 million.) For the full
fiscal year, sales grew 25.7 percent to INR 86.67 billion ($2.02
billion,) while expenses for the year increased 24 percent to INR
82.85 billion ($1.96 billion.) Net profits more than doubled to INR
2.06 billion ($48.17 million.)


---Kristall Boosts Diamond Procurements Five-Fold

Kristall of Smolensk drove-up rough diamond procurements from outside
of Russia by five-fold since the start of 2008 to $50 million.
Kristall buys about 65 percent of its rough from ALROSA. Overall
procurements come to around $250 million per year. Kristall increased
cut diamond sales 13 percent in 2007 to $404.4 million. The
enterprise's capacity is 1 million carats per year.


---Leviev Namibia Workers Continue Strike

Approximately 200 workers at Lev Leviev Diamonds (LLD) Namibia factory
continued to strike despite the company obtaining a court order to
keep them off the premises. The workers vowed to continue the action
until their grievances have been met. Among their demands include the
removal of LLD Namibia’s general manager Mike Nesongano, who they
claim has created a hostile working environment.


---U.K. Retail Sales Climb at Record Pace in May

Retail sales volumes during May in the United Kingdom rose 3.5 percent
-- the highest increase on record, according to the Office for
National Statistics. Sales for the past three months have risen 5.4
percent from one year ago. Signet Group reported two weeks ago that
its first quarter sales across the U.K. rose 5 percent.


---Buffett's Subsidiaries Showing Deeper Economic Weakness

Billionaire Warren Buffett has already said he thinks United States'
economy is in a recession, and now he says the economy is getting
worse. Buffett told CNBC that all the data he sees from Berkshire
Hathaway Inc. subsidiaries, which includes jewelry brands, shows the
economy weakening.


===========
WHO’S NEWS:
-----------

---World Diamond Council Agenda for Sixth Annual Meeting

The sixth annual meeting of the World Diamond Council (WDC) is set to
open in Antwerp on Monday June 30, with the theme “Celebrating Five
Years into the Kimberley Process.” Keynotes will be made by Belgium's
Prime Minister Yves Leterme; WDC's CEO Eli Izhakoff; independent
auditor Steve Merdinger; World Federation of Diamond Bourses' newly
elected president Avi Paz; the president of the International Diamond
Manufacturers Association Moti Ganz; CIBJO's president Gaetano
Cavalieri; and WFDB's vice president Ernest Blom.


---Japan Honors M. Schnitzer & Co. at Award Ceremony

Japan honored M. Schnitzer & Co. with a Business Excellence Award for
the Year 2007. M. Schnitzer & Co. has held trade relations with Japan
since the 1950s. Company president Shmuel Schnitzer accepted the award
and thanked Japan's ambassador, Israel-Japanese Friendship Society,
and Chamber of Commerce. Schnitzer reflected upon the inroads his late
father, and M. Schnitzer & Co. founder, Moshe Schnitzer made in those
early days with exporting polished goods to Japan.


---Braverman Joins Zale Corp. Board

Yuval Braverman was elected to Zale Corporation's board of directors.
Braverman, 52, is chairman and CEO of diamond wholesaler J. & J.
Zaidman Inc., which is the company he co-founded in 1981.


---JVC to Present Two Upcoming Seminars

The Jewelers Vigilance Committee (JVC) is presenting “Color Gemstone
Sales: Are you Compliant or at Risk?” sponsored by American
Gemological Laboratories at the JA/NY Summer Show, Jacob Javits
Convention Center, Monday, July 28, 2008, 8:30 a.m. to 10:00 a.m. in
room IEO3.

The U.S. Treasury will enforce two new amendments to the Clean Diamond
Trade Act that will affect rough diamond importers and exporters’
businesses. To help jewelers understand these new amendments, the JVC
is presenting “Training for Rough Diamond Traders: U.S. Statutory
Requirements” at the JA/NY Summer Show, Jacob Javits Convention
Center, Monday, July 28, 2008, 10:30 a.m. – 12:00 noon, meeting room
1E03.


===================
DIAMOND MINING NEWS:
-------------------

---Eight Killed at Guyana Diamond Mining Site

Up to eight people were shot and burned at a remote diamond mining
camp in Guyana. Criminal gangs, known to operate in the area are
wanted for other similar attacks. They sometimes take refuge in the
mineral-rich eastern jungles popular with informal miners seeking gold
and diamonds.


---Rio Tinto Applies for Diamond Mining Lease at India Project

Rio Tinto applied for a mining lease at its Bunder diamond project in
Madhya Pradesh, India. The company said it has spent more than INR 75
crores ($19 million) on evaluation of the deposit to date, and plans
to spend a further INR 135 crores ($30 million) to support continued
evaluation of the deposit.


---Gem Diamonds to Restart Cempaka in 3Q

Gem Diamonds expects to restart mining at its Cempaka mine in
Indonesia during the third quarter of 2008 once an environmental
impact assessment of the mine is complete. Mining was suspended at
Cempaka in April 2008 after problems surfaced with the waste water
discharge from the alluvial site. The mine produced 23,034 carats
during 2007.


--- Flinders Mines Finds Diamonds in South Australia

Diamonds have been found in a new exploration program on pastoral land
in South Australia's mid-north. Flinders Mines Ltd found 10 diamonds
had turned up in soil surface samples in an area 7km north-east of
Peterborough.


---Archangel Diamond Corp. Raises $172M

The Archangel Diamond Corporation closed private placement in Toronto
with gross proceeds of $172.4 million. The proceeds will be used to
fund: The initial payment obligation in the proposed acquisition (from
LukOil) of shares in OAO Arkhangelskoe Geologodobychnoe Predpriyatie;
other settlement costs and transaction costs; project development
costs; repayment of the Cencan S.A. subsidiary of De Beers Societe
Anonyme working capital loan; repayment of the De Beers standby term
loan facility; and for general corporate purposes.


==========
ECON WATCH:
----------

For week ending June 26, 2008


Econ Watch:
Jun 26 May 19 Chng.
$1 = Euro 0.630 0.645 -0.015
$1 = Rupee 42.5 42.9 -0.4
$1 = Israel Shekel 3.36 3.36 0.00
$1 = Rand 7.97 7.95 0.02
$1 = Canadian Dollar 1.01 1.02 -0.01

Precious Metals
Gold $916.60 $898.80 $17.80
Platinum $2,053.00 $2,061.00 -$8.00

Stock Indexes
Jun 26 May 19 Chng. Chng.%
BSE 14,421.82 15,087.99 -666.17 -4.42%
Dow Jones Avg. 11,453.42 12,063.09 -609.67 -5.05%
FTSE 5,518.20 5,708.40 -190.20 -3.33%
Hang Seng 22,455.67 22,797.61 -341.94 -1.50%
S & P 500 1,283.15 1,342.83 -59.68 -4.44%
Yahoo! Jewelry 918.88 994.45 -75.57 -7.60%


Jun 26 May 19 Chng. Chng.%
USA
Abazias $0.52 $1.20 -$0.68 -56.67%
Birks & Mayors $3.20 $3.10 $0.10 3.23%
Blue Nile $46.04 $46.19 -$0.15 -0.32%
Charles & Colvard $1.10 $1.21 -$0.11 -9.09%
Collector's Universe $8.81 $9.70 -$0.89 -9.18%
DGSE Companies, Inc. $3.20 $3.70 -$0.50 -13.51%
Finlay $0.42 $0.44 -$0.02 -4.55%
Fuqi International $9.94 $10.20 -$0.26 -2.55%
JCPenney $35.98 $37.25 -$1.27 -3.41%
Kohl's $40.53 $45.20 -$4.67 -10.33%
Lazare Kaplan $9.00 $8.97 $0.03 0.29%
LJ International $3.26 $3.55 -$0.29 -8.22%
Macy's $19.48 $21.70 -$2.22 -10.23%
Man Sang $7.04 $7.19 -$0.15 -2.09%
Movado Group $20.03 $20.64 -$0.61 -2.96%
Nordstrom $31.64 $34.94 -$3.30 -9.44%
Saks $11.51 $12.47 -$0.96 -7.70%
Signet $10.00 $10.33 -$0.33 -3.19%
Sotheby's $27.51 $26.61 $0.90 3.38%
Tiffany $42.19 $46.79 -$4.60 -9.83%
Wal-Mart $56.84 $57.69 -$0.85 -1.47%
Zale $20.13 $21.48 -$1.35 -6.28%


Jun 26 May 19 Chng. Chng.%
(*CHF **PENCE)
EUROPE
Bulgari €6.62 €6.55 €0.07 1.07%
Citizen Holdings €4.79 €4.88 -€0.09 -1.84%
Escada €14.08 €15.50 -€1.42 -9.16%
Golay-Buchel *2,490 *2,480 10.00 0.40%
LVMH €66.13 €70.36 -€4.23 -6.01%
Pinault P-R SA €72.22 €77.14 -€4.92 -6.38%
Richemont SA *56.75 *61.10 -4.35 -7.12%
Sakha Diamonds €0.62 €0.62 €0.00 0.00%
Swatch Group *255.75 *266.50 -10.75 -4.03%
Theo Fennell **43.00 **51.00 -8.00 -15.69%

HONG KONG (HKD)
Hang 1.93 1.96 -0.03 -1.53%
King Fook 0.74 0.74 0.00 0.00%
Noble Jewelry 1.25 1.30 -0.05 -3.85%
Tse Sui Luen 0.84 0.84 0.00 0.00%

INDIA (rupee)
Classic Diamond 51.45 59.80 -8.35 -13.96%
Gitanjali Gems 266.35 279.85 -13.50 -4.82%
Rajesh Exports 68.90 81.90 -13.00 -15.87%
Reliance 2,239.24 2,245.00 -5.76 -0.26%
Su-Raj Diamonds 67.05 70.75 -3.70 -5.23%
Titan 1,051.15 1,069.20 -18.05 -1.69%
Zodiac JRD 26.50 29.20 -2.70 -9.25%
Shantivijay Jewels 126.25 137.50 -11.25 -8.18%
Shukra Jewellery 4.09 4.20 -0.11 -2.62%
Suashish Diamonds 411.70 411.40 0.30 0.07%


Jun 26 May 19 Chng. Chng.%
NEW ZEALAND
Michael Hill NZD 0.81 NZD 0.83 -NZD 0.02 -2.41%

SINGAPORE


Gems TV Holdings SGD 0.140 SGD 0.155 –SGD 0.015 -9.68%
Sarin Technologies SGD 0.380 SGD 0.360 SGD 0.020 5.56%

TEL AVIV
Tobias Jewellery ILS 515.40 ILS 645.60–ILS 130.20 -20.17%

MINING STOCKS
(pence unless noted)

Jun 26 May 19 Chng. Chng.%

USA
Anglo American $32.85 $34.61 -$1.76 -5.09%

CANADA
Archangel CAD 1.40 CAD 1.24 CAD 0.16 12.90%
Harry Winston CAD 29.00 CAD 30.01 -CAD 1.01 -3.37%
Mountain Province CAD 4.25 CAD 4.20 CAD 0.05 1.19%
Peregrine Dmnds CAD 0.22 CAD 0.23 -CAD 0.01 -4.35%
Rockwell Diamonds CAD 0.44 CAD 0.58 -CAD 0.14 -24.14%
Shore Gold CAD 2.70 CAD 2.74 -CAD 0.04 -1.46%
Stornoway Diamond CAD 0.32 CAD 0.36 -CAD 0.04 -9.86%
Tahera Diamond CAD 0.04 CAD 0.04 CAD 0.00 0.00%
True North Gems CAD 0.37 CAD 0.38 -CAD 0.01 -2.63%

UK (pence)
African Diamonds 78.4 79.2 -0.8 -1.06%
BHP Billiton 1,808.0 1,950.0 -142.0 -7.28%
Firestone Diamonds 157.0 171.0 -14.0 -8.19%
Gem Diamonds 1,055.0 1,033.0 22.0 2.13%
Mano River 11.0 11.5 -0.5 -4.35%
Mwana Africa 40.5 40.0 0.5 1.25%
Namakwa Diamonds 143.0 144.0 -1.0 -0.69%
Petra Diamonds 106.0 115.6 -9.6 -8.30%
Rio Tinto plc 5,701.00 6,081.00 -380.0 -6.25%


===================
INDIA MARKET REPORT:
-------------------

---Polished: Local markets considerably slower this week. There is
some demand from a few foreign buyers visiting, but high prices are
holding back activity.

-1 point: Very good demand: +$225 whites.
Good demand: $80-$160 whites.
Fair demand: $150-$250 TTLC.

-2 point: Good demand: +$300 whites.
Fair demand: $125-$150 TTLB & $125-$300 TTLC.

2-7 point: Good demand: +$250 whites.
Fair demand: $100-$150 TTLB & $125-$300 TTLC.

8-18 point: Good demand: +$500 whites.
Fair demand: $150-$200 TTLB & $200-$300 TTLC.

20 points: Good demand: +$650 whites.
Fair demand: $200-$400 whites.

25 points: Good demand: +$700 whites.
Fair demand: $200-$450 whites.

33 points: Good Demand: $1400-$1600 whites.
Fair Demand: $150-$500 whites.

50 points: Good demand: +$2000 & $1000-$1,500 whites
Fair demand: $700-$800 & $300-$500 whites.

75 points: Very good demand: +$3,000 whites.
Good demand: $700-$900 whites.

1 carat+: Very good demand: +$5,000 whites.
Good demand: $1,500-$4,500 whites.
Fair demand: $500-$1000 whites.

Princess: -3 point: Fair demand: $200-$250 & $325-&375 whites.
+3 point: Fair demand: $$250-$300 & $350-$400 whites.
+9-18 point: Good demand: +14 pts $600-$650 whites
Fair demand: $225-$275 & $300-$400 whites.

20 point: Fair demand: $350-$400 whites & $750-$800 whites.
25 point: Fair demand: $350-$400 whites.
50 point: Fair demand: $600-$1,000 whites.
75 point: Fair demand: $1,200-$1,400 whites.
1 carat+: Good demand: +$1,500 whites.

Marquise: -6 point: Very good demand: $400-$550 whites.
Good demand: $250-$350 whites.
+7-18 point: Very good demand: $500-$650 & +14-point $850-
$900 whites.
Good demand: $225-$300 & +14-point $300-$350
whites.
20 point: Good demand: $675-$725 & $950-$1000 whites.
Fair demand: $325-$375 whites.
25 point: Good demand: $1,000-$1,100 whites.
Fair demand: $400-$450 whites.
33 point: Good demand: $1,200-$1,400 whites.
50 point: Good demand: $1,600-$1,800 whites.
75 point: Good demand: $1,100-$1,400 & $2,600-$3,000 whites.
1 carat+: Very Good demand: +$1,200 whites.

Tapers & Baguettes:
Good demand: $550-$800 +5mm whites. $225-$300
2mm-2.5mm whites; $300-$350, 2.5mm-3mm whites;
$350-$450 3mm-4mm, $500-$600 4mm –
5mm & $175-$250 +2mm-3mm whites.


---ROUGH: Local rough market is very slow due to high asking prices
and liquidity crunch. Local stock market woes add to the dire
situation.

1-5 point: Very good movement: $75-$140 makeables; $85-$180 crystals.
Good movement: $25-$65 makeables.
Good movement: $50-$90 OW TTLB & TTLC;
Fair movement: $5-$20 OW TTLB & TTLC.

6-20 point: Good demand: $130-210 crystals; $120-$160 makeables.
Fair demand: $40-$140 makeables; $60-$80 clivage;
$50-$100 makeables; Very good movement $80-$180;
Fair demand $60-$120 fancy shapes;
$60-$110 OW TTLC & TTLB rounds.

21-50 point: Good demand: $235-280 makeables; $160-$340 crystals.
Fair demand: $110-$220 rounds; $100-$150 crystals; $70-
$130 clivage; Very good movement $140-$220 and
Fair demand $75-$100 fancy shapes; Good demand $70-$150 &
Fair demand $20-$50 OW TTLC & TTLB.

0.51-1.00 carat: Good demand: $80-$125 & $130-$325 makeables;
$125-$250 & $300-$450 crystals.
Fair demand: $70-$100 clivage; Very good demand $225-
$325 and Fair demand $70-$125 fancy shapes;
Good demand $140-$180 & Fair demand $90-$125 OW TTLC &
TTLB.

1.01-2.00 carat: Fair demand: $225-$600 rounds; $225-$800 crystals;
$125-$170 clivage; $200-$400 all fancy shapes.
Good demand $170-$225 OW TTLC & TTLB.

2.01-3.00 carat: Good demand: $225-$1,500 makeables; $500-$1,000 OW
TTLC & TTLB & $350-$1,700 crystals.
Fair demand: $300-$400 clivage; $125-$400 flats &
$500-$1,000 fancy shapes.

5.00 carat+: Very good demand: $1,200+ makeables, crystals & all fancy
shapes till L color.



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Rapaport
Attn: Tradewire subscriptions
1212 Avenue of the Americas
Suite 1103
New York, NY 10036
Moderátor
Rapaport TradeWire - Friday, July 4, 2008
-----------------------------------------

News: Trading markets slow as summer vacation season begins. U.S.
retail sales weak. Associated Press poll finds 90% of U.S. consumers
vow to cut personal expenses due to record oil prices ($143/barrel).
Russia’s ALROSA holds ‘closed door’ strategic summit to develop global
diamond marketing initiative. Dubai 1Q polished imports +61% to $1.5
bil. and polished exports +78% to $1.2 bil. India’s Gitanjali 4Q sales
+23% to $191 mil., profits +252% to $11 mil. China’s LJ Int'l 2007
sales +23% to $152 mil., profits -72% to $1.5 mil. Signet secures $520
mil. credit facility. Leviev opens Moscow store. Columbian gangs steal
$5 mil. from U.S. diamond dealers. Sylvain Ringer long-time NY DDC
leader passes away.


=============
ANNOUNCEMENTS:
-------------

=========================
RAPAPORT TENDERS IN INDIA
=========================

Polished Diamond Tender – By Appointment Only

July 13–17, 2008
Over 3200 carats, Rounds and Fancies, 0.01 up to 2.00 carats
D-M, VS-I3, Large selection of promotional qualities, Over 150 Lots
For Contact Manisha@diamonds.net or 91-22-6637-6633

===========================================

Rapaport will be exhibiting at the following shows:

JA New York July 27-30;
India Int’l Jewellery Show Aug. 7-11;
Singapore, Aug. 21-24; London, Aug. 31 to Sept.3

To view all events and details
http://www.diamonds.net/Events/default.aspx


==========================================
Rapaport International Diamond Conference
Sept. 8, 2008, New York, Waldorf Astoria Hotel
“2010, The Next Decade - Preparing For The Future”
Register via email: conference@Diamonds.Net
==========================================


============
RETAIL QUOTE:
------------

"We have seen a drop in sales for less expensive jewelry [under
$36,000] in the United States but our long-standing well-heeled
customers do not seem to be affected by the (recession.) Jewelry above
$140,000 is flying off the shelves. The crisis has been going on for
more than eight months but we are only now starting to feel the
difference and mainly in the United States."

---Maria Cristina Buccellati at Buccellati of Milan


==========
WORLD NEWS:
----------

---DTC to Raise Prices at July Sight

Diamond Trading Company (DTC) will raise prices on certain goods at
its next sight, which is scheduled to take place beginning July 7,
2008. The company did not say how much it planned to raise prices or
which goods would be affected.


---Damas Raises $270M in IPO

Jewelry retailer Damas fetched $270.6 million during its IPO on
Wednesday. The Damas group operates in 18 countries, with 438 stores
around the world, and has an extensive retail network with stores
primarily located in the Middle East, South Asia, Europe and North
Africa.


---India: Workers Protest After Some Manufacturers Fail to Honor Wage
Agreement

Hundreds of cutters and polishers in Surat took to streets and threw
stones at diamond factories after they did not receive promised wage
increases. The Diamond Association of Surat and workers mutually
decided upon a 20 percent increase in salaries, but some diamond
factories in the city refused to implement the decision.


---Izhakoff: Industry Must Not Lose Sight of Efforts

Eli Izhakoff, chairman of the World Diamond Council (WDC) called upon
the industry to continue fighting the trade in conflict diamonds.
Izhakoff said that although the trade in conflict diamonds has ceased
almost entirely, the industry cannot afford to reduce its ongoing
effort and must commit to improve the livelihoods of the people
residing in all areas in which the industry is active.


---Jovella Reflects Positive Mood in Israeli Jewelry Sector

The 2008 Jovella International Jewelry Exhibition showcased Israel’s
jewelry industry which has recently seen a steady rise in exports. The
country’s jewelry exports rose 5 percent to $410 million in 2007, and
organizers said interest in Jovella had increased as a result. Itzhak
Bendor, managing director of the Israel Jewelry Manufacturers
Association, a main sponsor of the event, said that while previous
shows had focused upon increasing international buyers, exhibitors
were turning to the local markets to hedge unstable foreign markets
this year.


---$1M in Diamonds Stolen from Traveling Dealers in Three Days

Two diamond dealers working on calls in Arkansas and Tennessee lost $1
million in goods to thieves during hold-ups one week ago. One dealer
from Los Angeles was hit in a shopping center parking lot at a Pine
Bluff, Arkansas, mall and a dealer from New York was hit in a hotel
parking lot in Nashville.

The Federal Bureau of Investigations has determined that South
American gangs from Colombia, Ecuador, and Peru are known to stake-out
traveling dealers as they make tempting targets. Efforts are underway
to see if these robberies are gang-related. Similar robberies since
April in Miami and Houston have totaled more than $4 million in dealer
losses.


---Rapaport News Broadcast

Extensive coverage of Israel's Jovella 2008 from Tel Aviv as we catch
up with Itzhak Bendor, managing director of the Israel Jewelry
Manufacturers Assoc; Asher Yasdi, CEO of Diamonds Forever LTD; and
Moshe Sinai, vice president of Illimitee by Ovadia Diamonds. Gold
posted a strong gain this week, but will second half bring "election
luck" to the U.S. economy and push the metal off recent highs?

http://www.diamonds.net/news/NewsItem.aspx?ArticleID=22173


=============
DIAMOND STATS:
-------------

---Israel June Imports/Exports (YTD= year to date)

Jun.08 %Chng YTD 08 %Chng
($Mil) ‘07 ($Mil) ‘07


Polished Exports $235 -29.6% $3,796 5.9%
Polished Imports $471 34.2% $2,345 19.4%
Net Polished $(236) N/A $1,451 -10.6%

Rough Imports $585 19.9% $2,775 15.1%
Rough Exports $442 29.8% $2,190 25.8%
Net Rough $142 -2.9% $585 -12.5%

Diamond Account $(378) N/A $866 -9.2%


---Japan’s Polished Diamond Imports -3% to $67M in May

Japan’s polished diamond imports fell 3.3 percent to $67 million in
May 2008. For the year to date, Japan’s polished imports fell 10
percent to $347.95 million.


---Dubai's Polished Diamond Trade +68% in 1Q08

Dubai’s polished diamond trade grew 68 percent to $2.7 billion in the
first quarter of 2008 boosted by a significant rise in its dealings
with India. Dubai’s polished diamond imports rose 61 percent to $1.48
billion in the three months ending March 31, 2008. Polished exports
rose 73 percent to $1.22 billion.


=======================
RETAIL & WHOLESALE NEWS:
-----------------------

---Gitanjali Gems 4Q Profits +252%, Sales +23%

Gitanjali Gems profits more than tripled in its fourth fiscal quarter
boosted primarily by stronger sales during the period. Net profits
grew 252 percent to INR 483.17 million ($11.14 million) during the
three months ending March 31, 2008. Net sales rose 23 percent to INR
8.27 billion ($190.57 million,) and expenses increased 20 percent to
INR 7.77 billion ($179.23 million.) For the full fiscal year 2007-08,
Gitanjali net profits rose 69 percent to INR 1.38 billion ($31.84
million.) Net sales increased 20 percent to INR 26.54 billion ($611.74
million.) The company spent 18 percent more on expenses at INR 24.85
billion ($573.1 million) during the year ending March 31, 2008, and
operating profits rose 41 percent to INR 1.38 billion ($31.84
million.)


---Man Sang FY08 Sales +59%, Profits +43%

Man Sang Holdings Inc. net sales for fiscal year 2008 rose 59 percent
to HKD633.7 million ($81.2 million,) which included HKD405.4 million
from pearl operations and HKD228.3 million in real estate sales.
Profits rose 43 percent to HKD39.9 million ($5.1 million) for the
fiscal year ending March 31, 2008.


---LJ Int'l FY Profits -72% as Retail Expansion Adds Costs

Hong Kong-based LJ International profits fell 72 percent to $1.5
million in 2007 as the company focused on positioning itself in the
Chinese retail marketplace. The stronger retail presence helped
increase total revenues by 23 percent to $152 million in 2007. Retail
sales grew 127 percent to $34.3 million for the year, while its
wholesale unit saw an 8 percent rise in sales to $117.7 million.

LJI reported that sales in China rose 83 percent, while in North
America grew 5 percent, and in Europe and other countries by 33
percent. Sales in Japan fell 10 percent.


---Seiko Files $500K Complaint Against Whitehall

Seiko Watch Corporation seeks the immediate payment of $500,000 for
watches sent to Whitehall Jewelers in June. In a 17-page suit filed
with U.S. Bankruptcy court against Whitehall, Seiko took great
exception with the jeweler for having withheld its financial condition
from the watchmaker before merchandise was ordered and sent.


---Leviev Diamonds Denies Firing Two Striking Workers

Lev Leviev Diamonds (LLD) polishing factory in Windhoek dismissed
allegations by the Mineworkers Union of Namibia (MUN) that it fired
two workers, and that the current strike against the company has legal
merit. LLD managing director Kombadayedu Kapwanga said no workers were
dismissed. LLD contends that strike is beyond the scope provided by
the Labor Act. LLD claims the union representative washed his hands of
meeting with management.

Some 251 workers, out of 401 employees at LLD Diamonds, are reportedly
being protected by employer due to threats against crossing picket
lines. LLD set-up camp for those workers to stay on the premises.


---K&G Creations Sues Charles & Colvard for $50M

Jewelry manufacturer K&G Creations counter sued moissanite creator and
supplier Charles & Colvard for $50 million in a list of accusations
including fraud, breach of contract, and unfair competition. K&G
claims that Charles & Colvard ruined K&G's reputation and forced the
company out of the moissanite business. Charles & Colvard had sued K&G
for $2.8 million earlier for debts owed.



===========
WHO’S NEWS:
-----------

---Banda: Sylvain Ringer was an Inspirational Leader for All of Us

New York Diamond Dealers Club president Jacob Banda announced with
great sadness the passing of the Club’s beloved secretary Sylvain
Ringer. Ringer was a leader of the New York Diamond Dealers Club for
more than 20 years, and was very involved in key positions in the
diamond community in Belgium. Ringer was hailed as an outstanding
diamantaire. His activities extended to numerous programs on behalf of
members ranging from his leadership in planning and implementing
programs for the development of business, playing vital roles in such
celebrations as the Dealers Club's 75th Anniversary event and the
World Diamond Congress held in New York in 2004.


---Jeweler, Customer Shot Dead

Grand Haven Jewelry owner Robert Karell and a 77-year-old store
customer, Louis Paparella, were shot dead in the Michigan-resort town
store Wednesday.

Grand Haven police said the double slaying has not resulted in
arrests, and they were not sure what merchandise was stolen.


===================
DIAMOND MINING NEWS:
-------------------

---Gem Diamonds Yields $11M at Letseng Rough Tender

Gem Diamonds sold 10 diamonds from its Letseng mine in Lesotho for a
total $10.97 million at its most recent tender in Antwerp. The
diamonds, recovered from Letseng in early June, weighed a total 261.4
carats and sold for an average $42,000 per carat and ranged in size
from 11.8 to 70.7 carats, and in color from D through F.


---DiamondCorp Nets $1M at Lace tailings Tenders in 1H08

DiamondCorp sold 19,214 carats of diamonds for $1.16 million, or $61
per carat, on tender from its Lace tailings re-treatment plant in
South Africa during the first six months of 2008.


---Vaaldiam Acquisition Doubles Production from Duas Barras Mine

Vaaldiam Resources Ltd. entered into an agreement to acquire RST
Recursos Minerais Ltda. --owner of the producing Peçanha diamond
mine-- and provides a second diamond recovery plant and new mining
fleet. The acquisition will double Duas Barras area production for
Vaalidam. Under the terms of the acquisition, Vaaldiam will acquire
RST for a cash payment of $9 million and the issuance of common shares
of Vaaldiam in the amount of $1.5 million.


---BHP Gains Partial U.S. Antitrust Approval for Rio Tinto Merger
Attempt

BHP Billiton received partial approval for its takeover bid of mining
rival Rio Tinto from United States antitrust authorities. The U.S.
Department of Justice and the Federal Trade Commission have granted
early termination of the Hart-Scott-Rodino waiting period for the
proposed acquisition and the Antitrust Division of the DoJ has
concluded its review without further action. BHP is offering 3.4 of
its shares for each share in Rio Tinto in a deal valued at
approximately $170 billion. Rio Tinto’s board has consistently
rejected the offer as being undervalued.


---De Beers South Africa Unit Eyes Firm on Profitability

The De Beers Group has positioned itself away from controlling diamond
supply towards focusing on profitability, a move which is expected to
be reflected for the first time towards the end of 2008 through 2009.
By then, the company would have completed the hand over of its
“non-profitable assets.” Most of the assets sold off in the group’s
restructure, including the Cullinan, Koffiefontein and Kimberley
Underground operations, were from its South Africa portfolio, and
while the company says production will likely stay the same for now,
you can expect to see a more efficient operation with a long term game
plan.


---Rio Tinto Freezes Investment in Zimbabwe Diamond Mine

Rio Tinto will not invest further in its Murowa mine in Zimbabwe until
the country’s political climate improves. The company does not have
plans to divest from the country.


==========
ECON WATCH:
----------
For week ending July 3, 2008


Econ Watch:
Jul 3 Jun 26 Chng.

$1 = Euro 0.637 0.630 0.007
$1 = Rupee 43.3 42.5 0.8
$1 = Israel Shekel 3.27 3.36 -0.09
$1 = Rand 7.75 7.97 -0.22
$1 = Canadian Dollar 1.02 1.01 0.01

Jul 3 Jun 26 Chng.
Precious Metals
Gold $933.90 $916.60 $17.30
Platinum $2,016.00 $2,053.00 -$37.00


Jul 3 Jun 26 Chng. Chng.%

Stock Indexes
BSE 13,094.11 14,421.82 -1,327.71 -9.21%
Dow Jones Avg. 11,288.54 11,453.42 -164.88 -1.44%
FTSE 5,476.60 5,518.20 -41.60 -0.75%
Hang Seng 21,242.78 22,455.67 -1,212.89 -5.40%
S & P 500 1,262.90 1,283.15 -20.25 -1.58%
Yahoo! Jewelry Index 868.61 918.88 -50.27 -5.47%

Jul 3 Jun 26 Chng. Chng.%

USA
Abazias $0.52 $0.52 $0.00 0.00%
Birks & Mayors $3.00 $3.20 -$0.20 -6.25%
Blue Nile $40.42 $46.04 -$5.62 -12.21%
Charles & Colvard $0.95 $1.10 -$0.15 -13.64%
Collector's Univ. $7.74 $8.81 -$1.07 -12.20%
DGSE Companies, Inc. $2.71 $3.20 -$0.49 -15.31%
Finlay $0.41 $0.42 -$0.01 -2.38%
Fuqi International $8.54 $9.94 -$1.40 -14.08%
JCPenney $36.69 $35.98 $0.71 1.97%
Kohl's $42.52 $40.53 $1.99 4.91%
Lazare Kaplan $8.50 $9.00 -$0.50 -5.56%
LJ International $2.27 $3.26 -$0.99 -30.37%
Macy's $18.50 $19.48 -$0.98 -5.03%
Man Sang $5.96 $7.04 -$1.08 -15.34%
Movado Group $18.97 $20.03 -$1.06 -5.29%
Nordstrom $30.72 $31.64 -$0.92 -2.91%
Saks $9.77 $11.51 -$1.74 -15.12%
Signet $9.63 $10.00 -$0.37 -3.70%
Sotheby's $24.35 $27.51 -$3.16 -11.49%
Tiffany $40.32 $42.19 -$1.87 -4.43%
Wal-Mart $56.60 $56.84 -$0.24 -0.42%
Zale $18.05 $20.13 -$2.08 -10.33%

Jul 3 Jun 26 Chng. Chng.%

EUROPE
Bulgari €6.40 €6.62 -€0.22 -3.32%
Citizen Holdings €4.70 €4.79 -€0.09 -1.88%
Esa €12.81 €14.08 -€1.27 -9.02%
Golay-Buchel CHF 2,480.00 CHF 2,490.00 -CHF 10.00 -0.40%
LVMH €66.82 €66.13 €0.69 1.04%
Pinault P-R SA €66.54 €72.22 -€5.68 -7.86%
Richemont SA CHF 55.10 CHF 56.75 -CHF 1.65 -2.91%
Sakha Diamonds €0.61 €0.62 -€0.01 -2.26%
Swatch Group CHF 235.50 CHF 255.75 -CHF 20.25 -7.92%
Theo Fennell (pence) 31.00 43.00 -€12.00 -27.91%

Jul 3 Jun 26 Chng. Chng.%

HONG KONG
Hang HKD 1.91 HKD 1.93 -HKD 0.02 -1.04%
King Fook HKD 0.72 HKD 0.74 -HKD 0.02 -2.70%
Noble Jewelry HKD 1.23 HKD 1.25 -HKD 0.02 -1.60%
Tse Sui Luen HKD 0.84 HKD 0.84 HKD 0.00 0.00%

Jul 3 Jun 26 Chng. Chng.%

INDIA (rupee)
Classic Diamond 41.30 51.45 -10.15 -19.73%
Gitanjali Gems 233.85 266.35 -32.50 -12.20%
Rajesh Exports 51.85 68.90 -17.05 -24.75%
Reliance 2,071.10 2,239.24 -168.14 -7.51%
Su-Raj Diamonds 59.95 67.05 -7.10 -10.59%
Titan 1,035.35 1,051.15 -15.80 -1.50%
Zodiac JRD 21.40 26.50 -5.10 -19.25%
Shantivijay Jewels 119.00 126.25 -7.25 -5.74%
Shukra Jewellery 3.70 4.09 -0.39 -9.54%
Suashish Diamonds 357.80 411.70 -53.90 -13.09%

Jul 3 Jun 26 Chng. Chng.%

NEW ZEALAND
Michael Hill NZD 0.75 NZD 0.81 -NZD 0.06 -7.41%

SINGAPORE
Gems TV Holdings SGD 0.120 SGD 0.140 -SGD 0.020 -14.29%
Sarin Technologies SGD 0.380 SGD 0.380 SGD 0.000 0.00%

TEL AVIV
Tobias Jewellery ILS 551.70 ILS 515.40 ILS 36.30 7.04%



MINING STOCKS
(pence unless noted)

Jul 3 Jun 26 Chng. Chng.%

USA
Anglo American $32.37 $32.85 -$0.48 -1.46%

CANADA
Archangel CAD 1.15 CAD 1.40 -CAD 0.25 -17.86%
Harry Winston CAD 27.89 CAD 29.00 -CAD 1.11 -3.83%
Mountain Province CAD 4.70 CAD 4.25 CAD 0.45 10.59%
Peregrine Diamonds CAD 0.22 CAD 0.22 CAD 0.00 0.00%
Rockwell Diamonds CAD 0.40 CAD 0.44 -CAD 0.04 -9.09%
Shore Gold CAD 2.46 CAD 2.70 -CAD 0.24 -8.89%
Stornoway Diamond CAD 0.29 CAD 0.32 -CAD 0.03 -9.38%
Tahera Diamond CAD 0.04 CAD 0.04 -CAD 0.01 -12.50%
True North Gems CAD 0.37 CAD 0.37 CAD 0.00 0.00%

UK (pence)
African Diamonds 76.0 78.4 -2.4 -3.06%
BHP Billiton 1,749.0 1,808.0 -59.0 -3.26%
Firestone Diamonds 120.0 157.0 -37.0 -23.57%
Gem Diamonds 959.0 1,055.0 -96.0 -9.10%
Mano River 10.3 11.0 -0.8 -6.82%
Mwana Africa 37.5 40.5 -3.0 -7.41%
Namakwa Diamonds 140.0 143.0 -3.0 -2.10%
Petra Diamonds 100.4 106.0 -5.6 -5.31%
Rio Tinto plc 5,460.00 5,701.00 -241.0 -4.23%



===================
INDIA MARKET REPORT:
-------------------

---Polished: Activity in the local polished market took a deeper dip
on account of financial worries out of the U.S.

-1 point: Very good demand: +$225 whites.
Good demand: $80-$160 whites.
Fair demand: $150-$250 TTLC.

-2 point: Good demand: +$300 whites.
Fair demand: $200-$250 whites;
$125-$150 TTLB & $125-$300 TTLC.

2-7 point: Good demand: +$250 whites.
Fair demand: $100-$150 TTLB & $125-$300 TTLC.

8-18 point: Good demand: +$500 whites.
Fair demand: $150-$200 TTLB & $200-$300 TTLC.

20 points: Good demand: +$650 whites.
Fair demand: $200-$400 whites.

25 points: Good demand: +$700 whites.
Fair demand: $200-$450 whites.

33 points: Good Demand: $1400-$1600 whites.
Fair Demand: $150-$500 whites.

50 points: Good demand: +$2000 & $1000-$1,500 whites
Fair demand: $700-$800 & $300-$500 whites.

75 points: Very good demand: +$3,000 whites.
Good demand: $700-$900 whites.

1 carat+: Very good demand: +$5,000 whites.
Good demand: $1,500-$4,500 whites.
Fair demand: $500-$1000 whites.

Princess: -3 point: Fair demand: $200-$250 & $325-&375 whites.
+3 point: Fair demand: $$250-$300 & $350-$400 whites.
+9-18 point: Good demand: +14 pts $600-$650 whites
Fair demand: $225-$275 & $300-$400 whites.

20 point: Fair demand: $350-$400 whites & $750-$800 whites.
25 point: Fair demand: $350-$400 whites.
50 point: Fair demand: $600-$1,000 whites.
75 point: Fair demand: $1,200-$1,400 whites.
1 carat+: Good demand: +$1,500 whites.

Marquise: -6 point: Very good demand: $400-$550 whites.
Good demand: $250-$350 whites.
+7-18 point: Very good demand: $500-$650 & +14-point $850-
$900 whites.
Good demand: $225-$300 & +14-point $300-$350
whites.
20 point: Good demand: $675-$725 & $950-$1000 whites.
Fair demand: $325-$375 whites.
25 point: Good demand: $1,000-$1,100 whites.
Fair demand: $400-$450 whites.
33 point: Good demand: $1,200-$1,400 whites.
50 point: Good demand: $1,600-$1,800 whites.
75 point: Good demand: $1,100-$1,400 & $2,600-$3,000 whites.
1 carat+: Very Good demand: +$1,200 whites.

Tapers & Baguettes:
Good demand: $550-$800 +5mm whites. $225-$300
2mm-2.5mm whites; $300-$350, 2.5mm-3mm whites;
$350-$450 3mm-4mm, $500-$600 4mm –
5mm & $175-$250 +2mm-3mm whites.

--- ROUGH: Activity remains very slow due to very high rough asking
price. Liquidity crunch in the local market and financial failures
in the U.S. adds to the situation.

1-5 point: Very good movement: $75-$140 makeables; $85-$180 crystals.
Good movement: $25-$65 makeables.
Good movement: $50-$90 OW TTLB & TTLC;
Fair movement: $5-$20 OW TTLB & TTLC.

6-20 point: Good demand: $130-210 crystals; $120-$160 makeables.
Fair demand: $40-$140 makeables; $60-$80 clivage;
$50-$100 makeables; Very good movement $80-$180;
Fair demand $60-$120 fancy shapes;
$60-$110 OW TTLC & TTLB rounds.

21-50 point: Good demand: $235-280 makeables; $160-$340 crystals.
Fair demand: $110-$220 rounds; $100-$150 crystals; $70-
$130 clivage; Very good movement $140-$220 and
Fair demand $75-$100 fancy shapes; Good demand $70-$150
Fair demand $20-$50 OW TTLC & TTLB.

0.51-1.00 carat: Good demand: $80-$125 & $130-$325 makeables;
$125-$250 & $300-$450 crystals.
Fair demand: $70-$100 clivage; Very good demand $225-
$325 and Fair demand $70-$125 fancy shapes;
Good demand $140-$180 & Fair demand $90-$125 OW TTLC
& TTLB.

1.01-2.00 carat: Fair demand: $225-$600 rounds; $225-$800 crystals;
$125-$170 clivage; $200-$400 all fancy shapes.
Good demand $170-$225 OW TTLC & TTLB.

2.01-3.00 carat: Good demand: $225-$1,500 makeables; $500-$1,000 OW
TTLC & TTLB & $350-$1,700 crystals.
Fair demand: $300-$400 clivage; $125-$400 flats &
$500-$1,000 fancy shapes.

5.00 carat+: Very good demand: $1,200+ makeables, crystals & all fancy
shapes till L color.

Mixed Lot: Good demand: $2-$50.



=======
CREDITS:
-------

Happy Fourth of July U.S.A.

This week’s TradeWire® has been brought
to you by Jeff Miller and Zach Helke of
the Rapaport News Team.

E-mail: news@diamonds.net

For up to the minute 24/7 news coverage visit www.Diamonds.net
And view our broadcasts at http://www.diamonds.net/news/



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Rapaport
Attn: Tradewire subscriptions
1212 Avenue of the Americas
Suite 1103
New York, NY 10036
Moderátor
Rapaport TradeWire - Friday, July 11, 2008
------------------------------------------

News: De Beers raises overall rough prices by 5% for SI+ goods, with
rough yielding 1ct+ SI polished increased by 10-15% and 0.20ct+
increased 3-5%. July DTC sight estimated at $720 mil. U.S. retail
demand under pressure as consumers stick to necessities. Indian
trading weak and manufacturing at standstill due to worker strike.
U.S. BLS May jewelry price index +10%. Nordstrom June sales -14% to
$731 mil. and same-store sales -19%. JCPenney June sales flat at $1.6
bil., same-store sales -2.4%. Finlay to delist Nasdaq and trade OTCBB
due to weak stock price. Rockwell Diamonds June rough sale at $7 mil.
for 2,673cts. Belgium June rough imports +30% to $1.05 bil. and
polished exports +20% to $1.2 bil.


=============
ANNOUNCEMENTS:
-------------

=========================
RAPAPORT TENDERS IN INDIA
=========================

Polished Diamond Tender – By Appointment Only

July 13–17, 2008
Over 3200 carats, Rounds and Fancies, 0.01 up to 2.00 carats
D-M, VS-I3, Large selection of promotional qualities, Over 150 Lots
For Contact Manisha@diamonds.net or 91-22-6637-6633

===========================================

Rapaport will be exhibiting at the following shows:

JA New York July 27-30;
India Int’l Jewellery Show Aug. 7-11;
Singapore, Aug. 21-24; London, Aug. 31 to Sept.3

To view all events and details
http://www.diamonds.net/Events/default.aspx


==========================================
Rapaport International Diamond Conference
Sept. 8, 2008, New York, Waldorf Astoria Hotel
“2010, The Next Decade - Preparing For The Future”
Register via email: conference@Diamonds.Net
==========================================


============
RETAIL QUOTE:
------------

"There has certainly been a boom in Houston since the energy markets
have been doing so well. A lot of our customers are doing the best
they've ever done."

---Segev Zadok at Zadok Jewelers


==========
WORLD NEWS:
----------


---DTC July Sight Est. $720M

Diamond Trading Company (DTC) sightholders were critical of the price
increases implemented by the De Beers marketing unit at its July sight
week. This sight, the sixth of the year, had an estimated value of
$720 million.

Industry insiders said the higher value of the sight --the highest of
the year so far-- had more to do with the fulfillment of intentions to
offer (ITO) rather than the recent price increase. Sightholders
reported little change in the assortment of goods, but said that high
quality goods were of especially good color and clarity.


---U.S. Jewelry Prices +10% in May

The jewelry price index rose 9.5 percent in May. When combining the
watches and jewelry categories, the year-to-year difference was an
increase of 8 percent in the United States. Government stats compare
its jewelry price index to 100 basis points in December 1986.


---Dubai Rough Tender Set for July 13

The Dubai Diamond Exchange (DDE) plans a rough diamond tender July
13-15, 2008. DDE is hosting the tender in partnership with Global
Diamond Tenders DMCC, and the event will be held in the Dubai
exchange. DDE re-launched its rough tenders in May. DDE said 26,000
carats of South African run of mine production would be presented for
sale, supplemented by 3,650 carats of goods from the Kao Mine in
Lesotho.


---Panama: ‘Last of the Untapped Diamond Markets’

At a time when diamond dealers are eyeing Dubai, China, and India as
the new growth markets for the diamond market, Panama is slowly
emerging as the industry underdog and as a gateway to the largely
untapped Latin American region. There are more than 12,000 jewelry
stores spread across 20 countries in Central and South America and 23
islands across the Caribbean, representing a $7 billion market for
diamonds and jewelry. The Panama Diamond Exchange is hoping to serve
as a hub for these markets and has recruited government to incentivize
the trade. These include pronouncing the exchange a free zone area for
25 years, allowing tax exemptions on imports and exports associated
with the complex.


---Rapaport News Broadcast

The Panama Diamond Exchange expects serious growth potential for
diamond trading and diamond jewelry sales in Central America. Exchange
president Erez Akerman talks about these projections. Adalah-NY stages
another protest on the doors of Leviev Diamond on Madison Avenue.
Larry Gordon, co-chair of Jewelers on the Fairway, discusses the
group's upcoming golf tournament at Trump National in Briarcliff
Manor, New York.

http://www.diamonds.net/news/NewsItem.aspx?ArticleID=22292


=============
DIAMOND STATS:
-------------

---Belgium June Imports/Exports (YTD = year to date)

Jun %Chng YTD %Chng
($Mil) ‘07 ($Mil) ‘07

Polished Exports $1,161 20% $6,525 24%
Polished Imports $1,224 25% $6,418 29%
Net Polished $(63) N/A $107 -63%

Rough Imports $1,054 30% $5,866 17%
Rough Exports $1,180 8% $6,315 11%
Net Rough $(126) 55% $(449) 31%

Net Diamond Account $63 -77% $556 -41%


=======================
RETAIL & WHOLESALE NEWS:
-----------------------

---June Retail Performance Softer, Jewelry Sales Help Boost Saks

Retail sales during the month of June at big box stores across the
United States were basically in-line with expectations as the weak
economy continues to keep consumers home. Nordstrom Inc.’s sales fell
14 percent to $731 million and same-store sales decreased 18.6
percent. Retailer Saks Incorporated sales rose 2.6 percent to $243.8
million. Same-store sales rose 1.9 percent. J.C. Penney Company's
sales were flat at $1.6 billion and same-store sales fell 2.4 percent.
Over at Kohl's Corporation sales rose 11 percent to $1.49 billion and
same-store sales rose 2.3 percent.


---Signet Proposes Number of Corp. Changes

Signet Group plc recommends a series of changes to shareholders
whereby the primary listing of Signet will be moved from the London
Stock Exchange to the New York Stock Exchange and, in parallel, the
domicile of the parent company of the Group will be moved to Bermuda
and company name would be Signet Jewelers Limited.


---Finlay to Trade on OTCBB, Delist from NASDAQ

Faced with a falling stock price Finlay Enterprises Inc. is in the
process of transferring the quotation of its shares to the OTC
Bulletin Board (OTCBB.) Shares in the company slipped below the dollar
mark on February 25 and bottomed-out at 34-cents on April 14. NASDAQ
notified Finlay on July 2 trading would be suspended because the
jeweler had not regained compliance and the company does not plan to
appeal the decision.


---Gitanjali May Bid for Whitehall

Gitanjali Gems may buy Whitehall Jewelers, India’s Economic Times
reported citing unnamed sources. The deal could value at between INR
350 crore ($81 million) and INR 400 crore ($93 million.) Whitehall
recently filed for chapter 11 bankruptcy protection, and asked a U.S.
court permission to auction its assets by July 16. At the same time,
Gitanjali has been strengthening its foothold in India and the United
States through mergers and acquisitions.


============
GENERAL NEWS:
============


---Security Guards Arrested in $3M Theft from Diamond Center

Four security guards at the South African Diamond Center have been
arrested for carrying out a theft of ZAR25 million ($3.2 million)
worth of cash and diamonds from company Art Ash located in the
complex. The theft took place on the morning of June 26.


---Leviev Diamonds Fires Striking Workers

Nearly three weeks of controversial industrial action at Lev Leviev
Diamonds (LLD) ended when 148 striking workers were let go. About 100
others, who have not been camping out near LLD's premises, were served
with notices of dismissal by the Messenger of the High Court.
Mineworkers Union of Namibia (MUN) planned to appeal the dismissals.


---JVC: Training for Rough Diamond Traders - U.S. Statutory
Requirements

The Jewelers Vigilance Committee (JVC) is presenting “Training for
Rough Diamond Traders: U.S. Statutory Requirements” at the JA/NY
Summer Show, Jacob Javits Convention Center, Monday, July 28, 2008,
10:30 – 12:00 noon, meeting room 1E03.


---HRD Antwerp Launches Refined Cut Grade

HRD Antwerp has fine-tuned its diamond grading system by introducing a
‘refined’ cut grade. Instead of reporting about two criteria –
proportions and finish - the HRD Antwerp - Diamond Lab will now assess
the diamond cut according to three criteria, being 'proportions',
'symmetry' and 'polish'. In addition, HRD Antwerp now introduces an
‘excellent’ cut grade on top of its ‘very good’ quotation.

HRD Antwerp will hold a symposium on its HRD Antwerp Cut Grade on July
17, 2008 at 5 p.m. at its premises.



===================
DIAMOND MINING NEWS:
-------------------

---Rockwell June Sale Nets $7M

Rockwell Diamonds Inc. sold 2,672.92 carats for $6.968 million at its
June sale, which was the company's fifth sale of the year. Prices
received for large (+10 carat) stones of good color were particularly
strong: $34,650 per carat was achieved for a 69.59 carat stone,
$23,594 per carat for a 20.98 carat stone, and $21,058 per carat for a
10.47 carat stone. Rockwell offered 16 stones of 10 to 20 carats, five
stones of 21 to 30 carats, one of 50 to 60 carats and one stone of 60
to 70 carats.


---Diamond Major Lends Hudson $2M for Greenland Diamond Project

Hudson Resources reported that an unnamed major miner agreed to
provide interim financing for its Greenland diamond project. The
agreement allows Hudson to draw up to $2 million at the prime lending
rate plus 2 percent to spend on the project. The loan matures January
4, 2009.


---Cream Minerals Updates the Trade on Progress in Sierra Leone

Cream Minerals Ltd., which is prospecting on the Sewa River in Sierra
Leone, exported a parcel of diamonds to Canada including 112 stones
with a total weight of 53.93 carats. An independent value estimate of
$10,701 from the Government Gold and Diamond Office (GGDO) of Sierra
Leone was attached (along with a Kimberley Process Certificate.) This
value estimate was a basis upon which the 6 percent royalty on
diamonds payable to Sierra Leone is established. The independent
valuation indicated an average value of $198/ct for the parcel which
included one 2.92 carat stone valued at $1,071/ct. This compares
favorably with an average value reported for diamonds from the Ekati
($140 per carat) and Diavik ($104 per carat) mines in Canada, Cream
determined.


---EU Widens BHP Billiton, Rio Tinto Probe

The European Commission widened its antitrust probe into the proposed
acquisition of Rio Tinto Inc. by BHP Billiton Ltd., saying an initial
investigation revealed concerns about higher prices and reduced choice
for European customers of the mining concerns. Under European Union
rules, the Commission now has until November 11 to make a final
decision.


---Peregrine Appoints Boyd to Board

Peregrine Diamonds appointed Robert Boyd, chairman of True North Gems,
to its board of directors. Boyd also serves as a director of the
Prospectors and Developers Association of Canada and the Association
for Mineral Exploration British Columbia. Before joining True North,
Boyd was CEO of Ashton Mining of Canada until it merged with Stornoway
Diamond Corporation.


==========
ECON WATCH:
----------
For week ending July 10, 2008



Econ Watch:
Jul 10 Jul 3 Chng
$1 = Euro 0.634 0.637 -0.003
$1 = Rupee 42.9 43.3 -0.4
$1 = Israel Shekel 3.35 3.27 0.08
$1 = Rand 7.71 7.75 -0.05
$1 = Canadian Dollar 1.01 1.02 -0.01

Precious Metals
Jul 10 Jul 3 Chng

Gold $947.20 $933.90 $13.30
Platinum $1,998.00 $2,016.00 -$18.00

Stock Indexes
Jul 10 Jul 3 Chng Chng%

BSE 13,926.24 13,094.11 832.13 6.35%
Dow Jones Avg. 11,229.02 11,288.54 -59.52 -0.53%
FTSE 5,406.80 5,476.60 -69.80 -1.27%
Hang Seng 21,821.78 21,242.78 579.00 2.73%
S & P 500 1,253.39 1,262.90 -9.51 -0.75%
Yahoo! Jewelry Index 819.76 868.61 -48.85 -5.62%

USA
Abazias $0.52 $0.52 $0.00 0.00%
Birks & Mayors $2.65 $3.00 -$0.35 -11.67%
Blue Nile $38.52 $40.42 -$1.90 -4.70%
Charles & Colvard $0.90 $0.95 -$0.05 -5.26%
Collector's Universe $6.80 $7.74 -$0.94 -12.09%
DGSE Companies, Inc. $2.75 $2.71 $0.04 1.48%
Finlay $0.27 $0.41 -$0.14 -34.15%
Fuqi International $8.87 $8.54 $0.33 3.86%
JCPenney $31.90 $36.69 -$4.79 -13.06%
Kohl's $40.00 $42.52 -$2.52 -5.93%
Lazare Kaplan $8.51 $8.50 $0.01 0.12%
LJ International $2.16 $2.27 -$0.11 -4.85%
Macy's $16.42 $18.50 -$2.08 -11.24%
Man Sang $5.60 $5.96 -$0.36 -6.04%
Movado Group $19.05 $18.97 $0.08 0.42%
Nordstrom $28.49 $30.72 -$2.23 -7.26%
Saks $9.40 $9.77 -$0.37 -3.79%
Signet $9.09 $9.63 -$0.54 -5.61%
Sotheby's $23.57 $24.35 -$0.78 -3.20%
Tiffany $38.15 $40.32 -$2.17 -5.38%
Wal-Mart $57.29 $56.60 $0.69 1.22%
Zale $16.74 $18.05 -$1.31 -7.26%

EUROPE
Bulgari €6.21 €6.40 -€0.19 -2.97%
Citizen Holdings €4.65 €4.70 -€0.05 -1.06%
Esa €13.34 €12.81 €0.53 4.14%
Golay-Buchel CHF 2,480.00 CHF 2,480.00 CHF 0.00 0.00%
LVMH €62.27 €66.82 -€4.55 -6.81%
Pinault P-R SA €60.70 €66.54 -€5.84 -8.78%
Richemont SA CHF 55.10 CHF 55.10 CHF 0.00 0.00%
Sakha Diamonds €0.59 €0.61 -€0.02 -2.64%
Swatch Group CHF 229.90 CHF 235.50 -CHF 5.60 -2.38%
Theo Fennell (pence) 31.00 31.00 €0.00 0.00%

HONG KONG
Hang HKD 2.05 HKD 1.91 HKD 0.14 7.33%
King Fook HKD 0.73 HKD 0.72 HKD 0.01 1.39%
Noble Jewelry HKD 1.21 HKD 1.23 -HKD 0.02 -1.63%
Tse Sui Luen HKD 0.84 HKD 0.84 HKD 0.00 0.00%

INDIA (rupee)
Classic Diamond 42.10 41.30 0.80 1.94%
Gitanjali Gems 264.70 233.85 30.85 13.19%
Rajesh Exports 55.20 51.85 3.35 6.46%
Reliance 2,044.10 2,071.10 -27.00 -1.30%
Su-Raj Diamonds 64.00 59.95 4.05 6.76%
Titan 1,076.45 1,035.35 41.10 3.97%
Zodiac JRD 26.65 21.40 5.25 24.53%
Shantivijay Jewels 115.10 119.00 -3.90 -3.28%
Shukra Jewellery 3.35 3.70 -0.35 -9.46%
Suashish Diamonds 368.05 357.80 10.25 2.86%

NEW ZEALAND
Michael Hill NZD 0.78 NZD 0.75 NZD 0.03 4.00%

SINGAPORE
Gems TV Holdings SGD 0.125 SGD 0.120 SGD 0.005 4.17%
Sarin Technologies SGD 0.380 SGD 0.380 SGD 0.000 0.00%

TEL AVIV
Tobias Jewellery Ltd ILS 598.30 ILS 551.70 ILS 46.60 8.45%

MINING STOCKS
(pence unless noted)
Jul 10 Jul 3 Chng Chng%
USA
Anglo American $29.24 $32.37 -$3.13 -9.67%

CANADA
Archangel CAD 0.90 CAD 1.15 -CAD 0.25 -21.74%
Harry Winston CAD 24.82 CAD 27.89 -CAD 3.07 -11.01%
Mountain Province CAD 4.42 CAD 4.70 -CAD 0.28 -5.96%
Peregrine Diamonds CAD 0.25 CAD 0.22 CAD 0.03 13.64%
Rockwell Diamonds CAD 0.39 CAD 0.40 -CAD 0.01 -2.50%
Shore Gold CAD 2.38 CAD 2.46 -CAD 0.08 -3.25%
Stornoway Diamond CAD 0.27 CAD 0.29 -CAD 0.03 -8.62%
Tahera Diamond CAD 0.03 CAD 0.04 -CAD 0.01 -14.29%
True North Gems CAD 0.32 CAD 0.37 -CAD 0.06 -14.86%

UK (pence)
African Diamonds 67.0 76.0 -9.0 -11.84%
BHP Billiton 1,728.0 1,749.0 -21.0 -1.20%
Firestone Diamonds 100.0 120.0 -20.0 -16.67%
Gem Diamonds 970.0 959.0 11.0 1.15%
Mano River 9.8 10.3 -0.5 -4.88%
Mwana Africa 38.0 37.5 0.5 1.33%
Namakwa Diamonds 140.0 140.0 0.0 0.00%
Petra Diamonds 96.0 100.4 -4.4 -4.35%
Rio Tinto plc 5,480.00 5,460.00 20.0 0.37%


===================
INDIA MARKET REPORT:
-------------------

---Diamond India to Source Abroad

India, a consortium of 58 top diamond merchants, is planning to source
diamonds directly from mines abroad. The consortium plans to do
business worth Rs430 crore for 2008-2009. Diamond India currently
sources rough stones from Israel and Belgium for a majority of its
imports. Diamond India decided to source the stones directly from the
mines as Diamond Trading Company removed many Indian companies from
its list of sightholders this year.


---RBS to Continue to Service ABN Amro India

The India unit of ABN Amro's diamond business, which was taken over by
Fortis in the recent buyout of the bank, is temporarily being serviced
by the Royal Bank of Scotland (RBS,) until Fortis secures the
necessary license to operate in the country. A company representative
stressed that the measure is not permanent.


---Bharat Diamond Bourse to Begin Operations in Nov.

The Bharat Diamond Bourse (BDB) plans to begin operations by November
2008. BDB aims to set up infrastructural facilities for the promotion
of exports of diamonds and diamond jewelry. BDB will have a
single-window facility, accommodating about 2,500 small and large
diamond traders, about 30 banks, a dedicated customs house facility
and safe deposit vaults.


---India: Diamond Workers' Raise Get Political Attention

The unrest among diamond workers is turning political. State fisheries
minister Purushottam Solanki and his MLA brother Hira Solanki promised
to fight for the rights of the workers after the death of a Koli
worker in a violent demonstration on Sunday, and now dissident BJP
leaders Gordhan Zadaphia from Ahmedabad and Dhiru Gajera from Surat
contacted several industry heavy-weights pushing for peaceful
resolution of the issue.


---Polished: Sellers firm on prices because of price increases and
weak market conditions.


-1 point: Very good demand: +$225 whites.
Good demand: $80-$160 whites.
Fair demand: $150-$350 TTLC.

-2 point: Good demand: +$300 whites.
Fair demand: $200-$250 whites;
$125-$150 TTLB & $125-$400 TTLC.

2-7 point: Good demand: +$250 whites.
Fair demand: $100-$150 TTLB & $125-$400 TTLC.

8-18 point: Good demand: +$550 whites.
Fair demand: $150-$200 TTLB & $200-$450 TTLC.

20 points: Good demand: +$650 whites.
Fair demand: $200-$400 whites.

25 points: Good demand: +$700 whites.
Fair demand: $200-$450 whites.

33 points: Good Demand: $1400-$1600 whites.
Fair Demand: $150-$500 whites.

50 points: Good demand: +$2000 & $1000-$1,500 whites
Fair demand: $700-$800 & $300-$500 whites.

75 points: Very good demand: +$3,000 whites.
Good demand: $700-$900 whites.

1 carat+: Very good demand: +$5,000 whites.
Good demand: $1,500-$4,500 whites.
Fair demand: $500-$1000 whites.

Princess: -3 point: Fair demand: $200-$250 & $325-&375 whites.
+3 point: Fair demand: $$250-$300 & $350-$400 whites.
+9-18 point: Good demand: +14 pts $600-$650 whites
Fair demand: $225-$275 & $300-$400 whites.

20 point: Fair demand: $350-$400 whites & $750-$800 whites.
25 point: Fair demand: $350-$400 whites.
50 point: Fair demand: $600-$1,000 whites.
75 point: Fair demand: $1,200-$1,400 whites.
1 carat+: Good demand: +$1,500 whites.

Marquise: -6 point: Very good demand: $400-$550 whites.
Good demand: $250-$350 whites.
+7-18 point: Very good demand: $500-$650 & +14-point $850-
$900 whites.
Good demand: $225-$300 & +14-point $300-$350
whites.
20 point: Good demand: $675-$725 & $950-$1000 whites.
Fair demand: $325-$375 whites.
25 point: Good demand: $1,000-$1,100 whites.
Fair demand: $400-$450 whites.
33 point: Good demand: $1,200-$1,400 whites.
50 point: Good demand: $1,600-$1,800 whites.
75 point: Good demand: $1,100-$1,400 & $2,600-$3,000 whites.
1 carat+: Very Good demand: +$1,200 whites.

Tapers & Baguettes:
Good demand: $550-$800 +5mm whites. $225-$300
2mm-2.5mm whites; $300-$350, 2.5mm-3mm whites;
$350-$450 3mm-4mm, $500-$600 4mm –
5mm & $175-$250 +2mm-3mm whites.


---ROUGH: Diamond cutters went on strike in a wage dispute, causing
serious cutbacks in activity.

1-5 point: Very good movement: $75-$140 makeables; $85-$180 crystals.
Good movement: $25-$65 makeables.
Good movement: $50-$90 OW TTLB & TTLC;
Fair movement: $5-$20 OW TTLB & TTLC.

6-20 point: Good demand: $130-210 crystals; $120-$160 makeables.
Fair demand: $40-$140 makeables; $60-$80 clivage;
$50-$100 makeables; Very good movement $80-$180;
Fair demand $60-$120 fancy shapes;
$60-$110 OW TTLC & TTLB rounds.

21-50 point: Good demand: $235-280 makeables; $160-$340 crystals.
Fair demand: $110-$220 rounds; $100-$150 crystals; $70-
$130 clivage; Very good movement $140-$220 and
Fair demand $75-$100 fancy shapes; Good demand $70-$150 &
Fair demand $20-$50 OW TTLC & TTLB.

0.51-1.00 carat: Good demand: $80-$125 & $130-$325 makeables;
$125-$250 & $300-$450 crystals.
Fair demand: $70-$100 clivage; Very good demand $225-
$325 and Fair demand $70-$125 fancy shapes;
Good demand $140-$180 & Fair demand $90-$125 OW TTLC
& TTLB.

1.01-2.00 carat: Fair demand: $225-$600 rounds; $225-$800 crystals;
$125-$170 clivage; $200-$400 all fancy shapes.
Good demand $170-$225 OW TTLC & TTLB.

2.01-3.00 carat: Good demand: $225-$1,500 makeables; $500-$1,000 OW
TTLC & TTLB & $350-$1,700 crystals.
Fair demand: $300-$400 clivage; $125-$400 flats &
$500-$1,000 fancy shapes.

5.00 carat+: Very good demand: $1,200+ makeables, crystals & all fancy
shapes till L color.


Rapaport
Attn: Tradewire subscriptions
1212 Avenue of the Americas
Suite 1103
New York, NY 10036
Moderátor
amen
_______________
... Som tu deň a noc ...
Historické pohľadnice, dobové dokumenty a predmety z mesta Sereď
http://sered-city.blogspot.com
Moderátor
:shock: Nooo jano čeče Ty sa nezdáš. :lol:
Moderátor
;) Grofik,co máš proti slovanským jazykům ?
Moderátor
Michaela nič,prehľad chodí každý týždeň tak to presuniem v originálnom znení sem a nikdo nemôže pripomienkovať,že si čísla vymýšľam. ;)

Pokiaľ čírov náhodou to zaujíma aj niekoho iného mimo mňa,ale časom kto vie ,človek nikdy nevie či nenavštevujú tento veb. aj ľudia od šperkov a pre laickú verejnosť je možnosť porovnať v akých objemoch prebehnú vo svete za týždeň diamanty.

Upozorňujem to je cca 60-70% max.
Moderátor
Rapaport TradeWire - Friday, July 18, 2008
------------------------------------------

News: U.S. activity weak except for high-end diamonds and jewelry.
Foreign cutting centers seasonally slow with demand for select D-F
goods. Indian rough trade improves as cutter strike ends. DTC rough
price increase has not pushed up polished prices. U.S. June wholesale
inflation +9% to break 27 year record. Department store sales -1% to
$17 bil. U.S. May polished imports at record o $2.3 bil. (+23%) and
polished exports $1.3 bil. (+53%). India June polished exports $1.2
bil. (+28%), polished imports $649 bil. (+82%) rough imports to $1.3
bil. (+32%), rough exports $96 mil. (+105%). Russia 1Q rough exports
$415 mil. Tiffany loses trademark suit against eBay. Wal-Mart sourcing
responsible gold and silver from Rio Tinto, Newmont and others. Rio
Tinto 1H08 diamond production 9.6 mil. cts (-30%). Trans Hex tender
nets $17 mil. for 11,823 cts. with a 27ct stone selling for
$50,000p/ct. Richemont SA 1Q sales +13% to $2.3 bil. led by growth in
Europe (+16%) and Asia Pacific (+21%).


=============
ANNOUNCEMENTS:
-------------

Rapaport will be exhibiting at the following shows:

JA New York July 27-30;
India Int’l Jewellery Show Aug. 7-11;
Singapore, Aug. 21-24; London, Aug. 31 to Sept.3

To view all events and details
http://www.diamonds.net/Events/default.aspx

==========================================
Rapaport International Diamond Conference
Sept. 8, 2008, New York, Waldorf Astoria Hotel
“2010, The Next Decade - Preparing For The Future”
Register via email: conference@Diamonds.Net
==========================================


============
RETAIL QUOTE:
------------

"While sales posted a moderate increase this week, sales were led by
spending at grocery stores, drug stores and discounters, while
electronics, jewelry and furniture stores were softer."

---Michael Niemira, chief economist
International Council of Shopping Centers


==========
WORLD NEWS:
----------


---U.S. Wholesale Price Inflation +9%, Dpt. Store Sales -1%

Wholesale prices in the United States rose 9.2 percent in June 2008
from one year ago. The increase was the largest annual rate since
1981. Gasoline and food prices have been skyrocketing and rose nearly
2 percent during the four-weeks of June. Department store sales fell
1.3 percent in June to $17.153 billion, according to U.S. Commerce
Department data. Estimated sales for six months ending June 30 fell 3
percent to $91.791 billion.


---Italy: Jewelry Exports Drop in 1Q08

Italy's jewelry exports fell during the first quarter, but two
industry groups differ on the size of the drop. FEDERORAFI,
representing goldsmiths, estimated the drop was 10 percent.
Federazione Italiana Dell' Accessorio Moda e Persona (FIAMP) reported
that jewelry exports fell 2.7 percent. Both groups agreed that jewelry
sector suffered from an economic slowdown in the United States, Japan,
and Europe.


---China's GDP +10% in 1H08

Preliminary estimates reveal that China's gross domestic product (GDP)
in the first half of 2008 reached 13.062 trillion yuan ($1.9
trillion,) an annual increase of 10.4 percent (adjusted for inflation)
despite suffering through multiple natural disasters. Domestic sales
increased fast in both urban and rural markets. The total retail sales
of consumer goods rose 21.4 percent to 5.104 trillion yuan, with the
rate of growth in June clocking-in at 23 percent. Sales across
wholesale and retail businesses rose 21.3 percent. In the first half
of 2008, the consumer price index rose 7.9 percent (up 7.1 percent in
June.) Prices rose 7.6 percent in urban areas and 8.6 percent in rural
areas.


---View List of Reported Missing Diamonds

If any of the descriptions in the following link match a diamond
you've come across recently, please click the lab and grading report
number for an image of the report that provides further identifying
details. In the event you find a match and are in possession of one of
these diamonds the owners ask that you contact bourse authorities
immediately and report the diamond as stolen.

http://www.diamonds.net/news/NewsItem.aspx?ArticleID=22393



---Rapaport News Broadcast

(Our broadcast is now displayed as a flash file which should close the
issue some had with viewing a Windows media file.) This week,
consumers feel the heat from inflation as a number of polls in the
United States show confidence in the economy has dropped to levels not
seen since the early 1980s. Intellectual property attorney Chris
Glancy of White & Case LLP analyses the outcome of Tiffany & Co.'s
trademark case against eBay. Rio Tinto's diamond production drop comes
on the heals of a similar drop in production from BHP.

http://www.diamonds.net/news/NewsItem.aspx?ArticleID=22385


=============
DIAMOND STATS:
=============


---USA May Imports/Exports (YTD= year to date)

May 08 %Chng YTD 08 %Chng
($Mil) ‘07 ($Mil) ‘07

Polished Imports $2,311 23% $8,736 17%
Polished Exports $1,267 53% $5,919 42%
Net Polished $1,044 -1% $2,817 -15%

Rough Imports $88 16% $355 0%
Rough Exports $46 109% $190 -11%
Net Rough $42 -22% $165 18%

Diamond Account $1,086 -2% $2,982 -14%


---India June Imports/Exports (YTD= year to date)

June 08 %Chng YTD 08 %Chng
($Mil) ‘07 ($Mil) ‘07

Polished Export $1,214 28% $7,868 32%
Polished Imports $649 82% $3,571 154%
Net Polished $565 -4% $4,297 -6%

Rough Imports $1,258 32% $5,707 18%
Rough Exports $96 107% $426 39%
Net Rough $1,163 29% $5,281 17%

Diamond Account ($597) -91% ($984) N/A



---Russia's 1Q08 Rough Exports at $415M

Russia exported almost 6.65 million carats of diamonds worth more than
$414.8 million in the first three months of 2008. It was the first
time the Finance Ministry provided the statistics. Russia imported
about 65,500 carats of diamonds to a total amount of about $10.2
million.
Moderátor
Z HISTORIE DIAMANTŮ


Diamanty vznikly z uhlíku, který byl uložen hluboko pod zemí za velké teploty a tlaku. Staly se populární pro svoji tvrdost. Lehce se neroztříští ani nepraskají ani neodštěpují, ale můžou být přitom řezány jedním úderem. Indie začala těžit diamanty na výrobu šperků před více než tisíci lety, ale později byly nalezeny i v jiných místech. Dnes je vyrobeno 90% šperků z diamantů těžených v Afrických zemích. Zbytek je těžen v Austrálii, Jižní Americe, Kanadě a Rusku.

Kromě bílých, se vyskytují diamanty i v duhových barvách. Můžou být barevné jako kterýkoli jiný drahokam. Výskyt jiných odstínů je způsoben přítomností jiných prvků mimo uhlíku. Typ ovlivní barvu. Nejpopulárnější jsou růžové a modré diamanty, které se prodávají za vyšší cenu než kterýkoli jiný drahokam. Červený, zelený a fialový odstín je vzácný.

Diamanty jsou nejoblíbenější kameny pro zásnubní prsteny. Tradice začala když rakouský arcivévoda Maximilián věnoval první zásnubní prsten Marii Burgundské v roce 1477. Nyní se těží více než 250 tun zeminy v poměru k jednomu nalezenému karátu dobré kvality. I když jsou ve špercích používané náhražky místo pravých diamantů jako populární zirkon pro nízkou cenu, vynikající moissanity pro vlastnosti pravého diamantu nebo bílý safír, pravé diamanty jsou stále nejžádanější. Diamantové šperky a prsteny budou navždy nejoblíbenějšími klenoty.


ČTYŘI "C"
Existují tzv. 4 C, kterým je třeba věnovat pozornost při výběru nezasazeného diamantu; carats (Karáty), clarity (Čistota), color (Barva) a cut (Brus). Pokud se před koupí diamantu poučíte o 4 C, dostanete za své peníze více. Jestliže nemáte peněz nazbyt, je důležité zvolit C které je pro vás nejdůležitější. Potom bude lehčí volba vzhledem k vašim prioritám rozhodnout se jestli chcete raději větší diamant s menším jasem, anebo menší s větším třpytem.

Stručně řečeno:
Karáty - udávají váhu diamantu.
Čistota Diamantu - měří se množství nečistoty (ta omezuje světlo procházející skrze diamant, čímž snižuje lesk a jas).
Barva Diamantu - hodnotí se bělost nezasazených diamantů (čím žlutější, tím méně hodnotný).
Brus Diamantu - měří se kvalita, nikoli tvar diamantů (jednoduše řečeno lepší brus má za výsledek zářivější diamant).

KARÁTOVÁ VÁHA DIAMANTŮ
Všechny nezasazené diamanty se měří karátovou váhou. Většinou chtějí lidé co největší diamant. Z technické stránky, mají obvykle větší diamanty nižší kvalitu, například ztrácejí na jasu. Kvůli broušení neopracovaných diamantů do potřebných úhlů, aby měli co nejvíce třpytu, bývá hodně karátové váhy ztraceno.

Karát má 100 dílů a je roven 1/5 gramu.

Jelikož větší diamanty jsou vzácnější, jsou i cennější. Jeden karát je cennější než více menších diamantů o celkové váze jednoho karátu. Menší diamant na malé ruce vypadá přirozeně, ale na velké se ztrácí. Když se rozhodujete o velikosti karátů, myslete vedle svých finančních možností i na to, jak zvolený diamant vypadá.

ČISTOTA DIAMANTŮ
"Clarity" (Čistota) se týká čistoty a ryzosti diamantu. Je velmi vzácné najít perfektní nezasazený diamant který je čistý bez jakýchkoli závad. Když kupujete diamantové šperky, hledejte čistý diamant. Nečistota může být velmi nepatrná - není vidět pouhým okem. Když hledáte čistotu, hledejte diamant od Flawless "Fl" (Bez chyby) po Very Slightly Included "VSI", toto jsou kameny vypadající čistě při pohledu pouhým okem. Používají se dvě stupnice čistoty:

1.) American Gem Society Laboratories (AGSL) AGSL stupnice je od 0 do 10, 0 je bez znečistění.

2.) Gemological Institute of America (GIA).
GIA stupnice hodnotí diamanty od Flawless do Imperfect (FL to I3).
GIA Stupnice Čistoty:

Flawless (FL) a Internally Flawless (IF) diamanty jsou bez chyby, není u nich vidět žádná přírodní nečistota pod 10 x zvětšením. Tyto diamanty jsou velmi vzácné.

Very Very Slightly Included (VVS1 a VVS2) diamanty s nečistotou, která je těžko viditelná pod 10 x zvětšením. Mají vynikající kvalitu. Nečistotu je velmi těžké spatřit a nalézá se jen ve spodní části nebo mají malou povrchní nečistotu, která může být odstraněna jemným leštěním.

Very Slightly Included (VS1 a VS2) diamanty s nečistotou, která je pouhým okem těžko viditelná. Jsou levnější než VVS1 a VVS2. Nečistota ve VS1 je těžko viditelná. Trochu viditelnější je ve VS2 diamantech.

Slightly Included (SI1 a SI2) mají nečistotu, která je viditelná pod 10x zvětšením a může být viděná i pouhým okem. Mají dobrou hodnotu, protože jejich brilance je vysoká a zároveň cena je dostupnější.

Imperfect (I1, I2 a I3) diamanty obsahující nečistotu viditelnou pod 10x zvětšením a lehce viditelnou pouhým okem. Tyto diamanty nemají tolik jiskry při pohledu pouhým okem.

BARVA DIAMANTŮ
Diamanty se vyskytují v rozdílných barvách od žluté do světle hnědé. Jiné barvy, jako růžová a černá nejsou zahrnuty do této stupnice. Favoritem stupnice barvy je "bez barvy" což je velká vzácnost. Stupnice barvy u diamantů je v písmenech od D do Z.
Stupnice Bílých Diamantů:
· D je bez barvy, velmi vzácný
· E je bez barvy s nepatrným odstínem viditelným expertem gemologem.
· F je bez barvy s nepatrně větším odstínem než E, stejně viditelný jenom expertem gemologem. · G-H je téměř bez barvy, ale má vysokou hodnotu.
· I-J je téměř bez barvy, ale barva je nepatrně vidět.
· K-Z diamanty které mají slabě až světle žlutou barvu.

Vysokou hodnotu mají stupně G-I, ale pokud hledáte zásnubní diamantový prsten, dobrý výběr je též D-H. Pokud jsou diamanty vystaveny UV světlu, vyzařují jemné barevné záření - fluorescenci. Jedná se o přírodní jev, který neovlivňuje diamant v normálním přírodním světle.

TVARY A BRUSY DIAMANTŮ
Diamanty se většinou objevují v určitém tvaru, (brusu):
obdélník, srdce, kosočtverec, ovál, hruška (slza), princess (čtverec), radiant, baguetty, kulatý a trojúhelník a jiné.

Nejpopulárnějším tvarem diamantu je kulatý briliant protože ho lidé považují za "ideální brus", který vytváří nejvíce brilance a jiskry v diamantu. Návrh tvaru brusu také dovoluje odstranit a schovat kazy a nedostatky. Nová technologie dělá nové tvary stejně brilantní, jako princess (čtvercový) brus a trojúhelníkový brus. Dnes již u diamantových šperků neexistuje nic jako "ideální brus".

Tvary diamantů jako srdce, trojúhelník, hruška (slza), kosočtverec, ovál, a princess (čtverec) jsou tvarované k maximálnímu dosažení karátové váhy. Neopracovaný diamant je broušen do takového tvaru, jehož výsledkem bude co nejmenší ztráta na váze.

Diamant tvaru Marquise (kosočtverce) a oválu by měl mít délku, která je přesně dvojnásobkem jeho šířky. Pokud je moc úzký nebo široký, ztrácí světlo a zdá se tmavý. Když jsou kvalita a brus dobré, diamanty vypadají skvěle v jakémkoli tvaru, který zvolíte.
Moderátor
Rapaport TradeWire - Friday, July 25, 2008
------------------------------------------

NEWS: Global trading markets seasonally quiet with low expectations
for next week’s NY show and high expectations for next month’s Mumbai
show. De Beers first half 2008 sales +10% to $3.7 bil., profits -10%
to $316 mil., rough production -4% to 24.2 mil. cts. indicating higher
prices drove sale increase. De Beers opens two new Canadian mines and
expects to produce 2 mil cts. per year. U.S retailers under pressure
with Mervyns in financial distress. Charles & Colvard CEO Robert
Thomas resigns. Christie’s 1H08 jewelry and gem sales at +34% to $275
mil. overall sales +10% to $1.8 bil. BHP 4Q production -5% to 864,000
cts. with FY08 -4% to 3.349 mil. cts. U.S. Federal Trade Commission
refuses industry request to deny use of cultured diamond terminology.
U.S. Congress bans all gems from Myanmar (Burma) including from third
party countries.


=============
ANNOUNCEMENTS:
-------------

Rapaport will be exhibiting at the following shows:

JA New York July 27-30;
IIJS (India Int’l Jewellery Show) Aug. 7-11;
Singapore, Aug. 21-24; London, Aug. 31 to Sept.3

To view all events and details
http://www.diamonds.net/Events/default.aspx

NOTICE: To register for IIJS directory and inventory
http://www.diamonds.net/Rapnet/CustomerShowRegistry.aspx


==========================================
Rapaport International Diamond Conference
Sept. 8, 2008, New York, Waldorf Astoria Hotel
“2010, The Next Decade - Preparing For The Future”
Register via email: conference@Diamonds.Net
==========================================


============
RETAIL QUOTE:
------------

Preface: Angelia Moore pawned an heirloom ring, which was engraved
with her children's names, to subsidize income after her husband broke
his neck. But upon claiming the ring eight months later, she learned
the ring, set with each child's birthstone, had been stolen from the
South Carolina pawnshop during a holdup.

"I believe in karma. After hearing the story, I wanted her to have
exactly what she lost. I ordered the ring with the names and set the
stones based on the months she needed. You can do little things for
people that impact them greatly. I just hope it makes her feel
better."

---Robert Howle, owner, Howle & Howle Goldsmiths - Jewellers


==========
WORLD NEWS:
----------


---De Beers Earnings Summary

Half Year Comparisons:

1H08 1H07 %Chng. 1H06 1H05
$MIL $MIL $MIL $MIL

Total sales $3,740 $3,402 10% $3,920 $3,900
DTC sales $3,300 $2,987 10% $3,250 $3,220
EBITDA $831 $632 31% $748 $736
Net earnings $316 $350 -10% $336 $339

Production (000cts) 24,226 25,274 -4% 24,700 23,700

Past Three Years Results:

2007 2006 2005
$MIL $MIL $MIL
Total sales $6,836 $7,638 $7,958
DTC sales $5,920 $6,150 $6,539
EBITDA $1,216 $1,232 $1,403
Net earnings ($521) $730 $554

Production (000cts) 51,113 51,136 49,011


---De Beers to Open Snap Lake, Victor Diamond Mines

De Beers Canada will open the Snap Lake diamond mine July 25, and the
Victor diamond mine July 26. Snap Lake will become the first De Beers
mine outside of southern Africa, employ 560 people, and will have an
annual production rate of 1.4 million carats. Victor will employee 400
people during production and will have an annual production rate of
600,000 carats.


---China Calls Air Zimbabwe Report a Malicious Rumor

China refuted The Age newspaper report out of Australia that claimed
Air Zimbabwe used flights to transport diamonds, ivory, and gold to
Beijing in exchange for weapons. China's foreign ministry spokesman
Liu Jianchao called the statement a “malicious rumor."


---Brazil: Feds Seize Large Quantity of Illegal Gemstones

Federal police in Brazil seized 3.5 metric tons of undocumented
gemstones in Sao Paulo. Federal police seized goods on the Presidente
Dutra Highway and determined the precious stones were being taken to
Rio de Janeiro


---Use of Term 'Cultured' Must be Clarified

The Federal Trade Commission (FTC) denied the petition to amend its
Guides for the Jewelry, Precious Metals, and Pewter Industries in
reference to how the term "cultured" is used in describing man made
diamonds. Cultured may be used with clarifying terms such as
“laboratory created,” “laboratory grown” “[manufacturer-name]
created,” or “synthetic.”


---Pres. Signature is Next Step for Ban on Gems

Congress sent legislation to President George W. Bush that is meant to
block firms from importing gemstones from Myanmar through third party
countries. The bill, which originated in the House and passed the
Senate, also makes leaders, officers, and their families in Myanmar
(also called Burma) ineligible for visas to the United States.


---Rapaport News Broadcast

De Beers' first-half '08 results are in -- chairman Nicky Oppenheimer
and managing director Gareth Penny discuss the outcome and what is in
store for the second half. Dorothee Gizenga, recently appointed
executive director of the Diamond Development Initiative (DDI,)
discusses the differences between corporate charity and corporate
partnerships with diamond-rich nations, and what the organization
hopes to achieve in the next five years.

http://www.diamonds.net/news/NewsItem.aspx?ArticleID=22481


=======================
RETAIL & WHOLESALE NEWS:
-----------------------


---Jewelry Helps Spur Christie’s Sales in 1H08

Strong jewelry sales helped spur Christie’s International performance
in the first half of 2008 as total company sales rose 10 percent to
GBP 1.8 billion ($3.5 billion.) Jewelry, jadeite and watches sales
rose 34 percent to GBP 140 million ($275 million.) Asia and the Middle
East were the core growth regions for Christie’s where total sales
increased 81 percent.


---Japan's 1H08 Jewelry Sales -2%

Same-store sales a Japan's department stores during first half of 2008
fell 3 percent to JPY3.617 trillion ($33.9 billion.) Jewelry and
cosmetic sales fell 2.3 percent, sales of clothing fell 5 percent and
food sales rose 2 percent.


---Amazon 2Q08 Sales +41%, Net Income +103%

Amazon.com's net sales rose 41 percent to $4.063 billion in second
quarter, which ended June 30, 2008. The cost of sales rose 42 percent
to $3.096 billion. Net income rose 103 percent to $158 million. The
online retailer does not break out diamond and jewelry sales as a
category, but usually follows-up with a separate statement reflecting
how jewelry sales changed from one year earlier.


---Analyst Maintains 'Buy' for Harry Winston, Lowers Target

Desjardins Securities lowered its target share price of Harry Winston
Diamond Corporation to $39 from $53.50, citing the company had become
more of a high-end retailer than a diamond mining company. The firm
maintained a "buy" rating for HWD on the New York Stock Exchange.
Analyst John Hughes re-evaluated how they calculated Harry Winston and
modeled earnings per share after Tiffany & Co., he wrote in a note to
clients. Shares have lost 36 percent from July 1, and have fallen 50
percent from one year ago.


---Thief Snatches Diamonds from Salesman Seated in a Theater

A diamond salesman from Los Angeles was seated in a Grapevine, Texas,
AMC movie theater when a Hispanic male of approximately 5 feet, 7
inches in height snatched the dealer's backpack. It is estimated the
dealer lost between $800,000 and $900,000 in diamonds. The report
suggested the dealer was passing time at the theater before his flight
home from nearby DFW International Airport.


---Worker Union Seeks to Reconcile with LLD Diamonds

The National Union of Namibian Workers (NUNW) submitted a proposal to
reconcile differences between Lev Leviev Diamonds and 222 striking
workers the company recently dismissed. Under the proposal NUNW asked
for amnesty for the fired workers, make some commitments and
undertakings by the union to break the standoff while raising concern
to the LLD management about the issue of senior manager Mike
Nesongano, salary reduction, overtime payment, appraisal and
promotions, tariffs per carat and the strike and status of employees.


---Zalemark Calls-off Merger with Novori

In a newsletter to its business associate base, diamond jewelry
designer and manufacturer Zalemark Inc. reported that the proposed
merger with online retailer Novori Inc. was off. Management went on to
say that a proposal with another company, a "well-known and widely
traded Nasdaq jewelry company," was being reviewed this month.


---Prince Jewellery to Open in the South India

Prince Jewellery plans to set-up showrooms in India's cities of Kochi,
Thiruvananthapuram, Bangalore, and Tiruchi. The jeweler would add a
new collection of platinum daily wear to its designer lines. The
company has three large stores in Chennai and manufacturing facilities
in both Chennai and Kerala.


===========
WHO IS NEWS:
===========


---Thomas Resigns from Charles & Colvard

Charles & Colvard Ltd.’s CEO and board chairman Robert Thomas resigned
his posts. The company stated that Thomas has agreed "in principal to
serve as a consultant."


---Gary Ralfe Steps Down as De Beers Director

Former De Beers managing director Gary Ralfe stepped down from the
company’s board of directors ending a 34-year professional association
with the company. Ralfe served as managing director of De Beers Global
from 1998 to his retirement in February 2006.


============
GENERAL NEWS:
============

---Fifth Antwerp Diamond Conference Set For Nov.

The Antwerp World Diamond Centre (AWDC) will host the Fifth Antwerp
Diamond Conference November 17-18, 2008.


---Macau to Host 2009 CIBJO Congress

The 2009 CIBJO Congress will be held March 1-4, 2009, in Macau.


===================
DIAMOND MINING NEWS:
-------------------

---BHP Diamond Production Falls in 4Q

BHP Billiton Inc. reported a 5 percent drop in diamond production for
its fourth quarter ending June 30, 2008, to 864,000 carats. For the
fiscal year however, the production figure rose 4 percent to 3.349
million carats.


---De Beers Averts Strike With 12% Pay Rise

De Beers avoided a strike when the National Union of Mineworkers (NUM)
accepted its proposal for a 12 percent wage increase for workers in
South Africa. NUM had rejected De Beers’ previous proposal of an 11
percent and had demanded a 13.5 percent increase. Workers were set to
strike only hours before the agreement was reached.


---Gem Diamonds Plans Polished Production

Gem Diamonds is setting up two diamond manufacturing facilities and is
planning to start polishing stones from January 2009. Gem is currently
negotiating the purchase of state of the art equipment to install in
two cutting plants in Mauritius and Dubai.


---Anglo American Contemplating Involvement In Russia

Anglo American discussed the possibility of launching operations in
Russia with officials form the Russian Ministry of Natural Resources
and Ecology.


---DiamonEx Prepares for First Lerala Diamond Sale

DiamonEx will hold the first sale of diamonds recovered from its
Botswana-based Lerala mine at the end of August.


---African Diamonds, De Beers in Dispute at AK6

African Diamonds declared a dispute with De Beers over a shareholder
agreement in the AK6 diamond deposit. African Diamonds claimed De
Beers was delaying further development at the site.

De Beers stated, as majority shareholder, it remains fully committed
to AK6; all parties agreed on July 14th to apply for a retention
license since project economics and sustainability are impacted by
current and future (projected) power outages; and the attitude of
African Diamonds' executives were of concern.


---Mozambique Awards Eight Diamond Prospecting Claims

Mozambique awarded eight contracts for diamond exploration. The
prospect area is said to be in and around the Save River valley in
Sofala. The government awarded the contracts after holding a contract
tender in March.


---Guinea Moves to Cancel Diamond Mining License

Guinea's mines minister recommended cancelling diamond mining licenses
held by Aredor due to the lack of activity. The government accused the
company of reneging on promises made to various ministers and having
practically stopped all activities in the country.


==========
ECON WATCH:
----------
For week ending July 24, 2008

Jul 24 Jul 17 Chng
$1 = Euro 0.638 0.63 0.007
$1 = Rupee 42.1 42.7 -0.6
$1 = Israel Shekel 3.48 3.38 0.1
$1 = Rand 7.69 7.57 0.12
$1 = Canadian Dollar 1.01 1.01 0.01

Precious Metals
Jul 24 Jul 17 Chng
Gold $927.30 $957.80 -$30.50
Platinum $1,702.00 $1,873.00 -$171.00

Stock Indexes
Jul 24 Jul 17 Chng Chng%
BSE 14,777.01 13,111.85 1,665.16 12.70%
Dow Jones Avg. 11,349.28 11,446.66 -97.38 -0.85%
FTSE 5,362.30 5,286.30 76 1.44%
Hang Seng 23,087.72 21,734.72 1,353.00 6.23%
S & P 500 1,252.54 1,260.31 -7.77 -0.62%
Yahoo! Jewelry Index 869.54 890.52 -20.98 -2.36%

USA
Abazias $0.52 $0.52 $0.00 0.00%
Birks & Mayors $2.50 $2.57 -$0.07 -2.66%
Blue Nile $39.80 $40.51 -$0.71 -1.75%
Charles & Colvard $0.86 $0.80 $0.06 7.50%
Collector's Universe $7.88 $7.98 -$0.10 -1.25%
DGSE Companies, Inc. $3.80 $3.00 $0.80 26.67%
Fuqi International $8.70 $9.35 -$0.65 -6.95%
JCPenney $30.88 $32.05 -$1.17 -3.65%
Kohl's $42.61 $42.70 -$0.09 -0.21%
Lazare Kaplan $8.15 $8.40 -$0.25 -2.98%
LJ International $1.90 $1.99 -$0.09 -4.52%
Macy's $18.31 $18.42 -$0.11 -0.60%
Man Sang $5.60 $5.86 -$0.26 -4.44%
Movado Group $21.34 $20.96 $0.38 1.81%
Nordstrom $29.14 $29.91 -$0.77 -2.57%
Saks $10.71 $10.48 $0.23 2.19%
Signet $10.35 $10.02 $0.33 3.29%
Sotheby's $27.32 $26.43 $0.89 3.37%
Tiffany $38.70 $40.82 -$2.12 -5.19%
Wal-Mart $56.97 $57.68 -$0.71 -1.23%
Zale $21.13 $20.56 $0.57 2.77%

EUROPE
Bulgari € 6.60 € 6.21 € 0.39 6.28%
Citizen Holdings € 4.65 € 4.45 € 0.20 4.49%
Esa € 13.45 € 12.70 € 0.75 5.91%
Golay-Buchel CHF 2,380.00 CHF 2,480.00 -€ 100.00 -4.03%
LVMH € 70.05 € 64.69 € 5.36 8.29%
Pinault P-R SA € 70.10 € 63.75 € 6.35 9.96%
Richemont SA CHF 62.50 CHF 58.65 € 3.85 6.56%
Sakha Diamonds € 0.66 € 0.60 € 0.06 10.59%
Swatch Group CHF 250.25 CHF 239.10 € 11.15 4.66%
Theo Fennell (pence) 36.0 36.0 0.0 0.00%

HONG KONG
Hang HKD 2.12 HKD 1.89 HKD 0.23 12.17%
King Fook HKD 0.77 HKD 0.76 HKD 0.01 1.32%
Noble Jewelry HKD 1.16 HKD 1.19 -HKD 0.03 -2.52%
Tse Sui Luen HKD 0.84 HKD 0.84 HKD 0.00 0.00%

INDIA (rupee)
Classic Diamond 41.65 38.25 3.40 8.89%
Gitanjali Gems 256.65 252.85 3.80 1.50%
Rajesh Exports 55.75 48.85 6.90 14.12%
Reliance 2306.55 2015.55 291.00 14.44%
Su-Raj Diamonds 67.85 63.95 3.90 6.10%
Titan 1097.20 1022.20 75.00 7.34%
Zodiac JRD 25.40 23.50 1.90 8.09%
Shantivijay Jewels 109.60 109.40 0.20 0.18%
Shukra Jewellery 3.35 3.33 0.02 0.60%
Suashish Diamonds 361.65 350.35 11.30 3.23%

NEW ZEALAND
Michael Hill NZD 0.78 NZD 0.75 NZD 0.03 4.00%

SINGAPORE
Gems TV Holdings SGD 0.140 SGD 0.125 SGD 0.015 12.00%
Sarin Technologies SGD 0.380 SGD 0.380 SGD 0.000 0.00%

MINING STOCKS
(pence unless noted)
Jul 24 Jul 17 Chng Chng%
USA
Anglo American $26.35 $27.49 -$1.14 -4.15%

CANADA
Archangel CAD 0.86 CAD 1.00 -CAD 0.14 -14.00%
Harry Winston CAD 19.60 CAD 20.62 -CAD 1.02 -4.95%
Mountain Province CAD 4.21 CAD 4.40 -CAD 0.19 -4.32%
Peregrine Diamonds CAD 0.20 CAD 0.20 CAD 0.00 0.00%
Rockwell Diamonds CAD 0.30 CAD 0.33 -CAD 0.03 -9.09%
Shore Gold CAD 1.61 CAD 2.05 -CAD 0.44 -21.46%
Stornoway Diamond CAD 0.28 CAD 0.35 -CAD 0.08 -21.43%
True North Gems CAD 0.31 CAD 0.31 CAD 0.00 0.00%

UK (pence)
African Diamonds 65.0 57.8 7.3 12.55%
BHP Billiton 1,540.0 1,630.0 -90.0 -5.52%
Firestone Diamonds 77.8 85.0 -7.2 -8.47%
Gem Diamonds 975.0 1,050.0 -75.0 -7.14%
Mano River 8.3 9.3 -1.0 -10.81%
Mwana Africa 32.0 32.5 -0.5 -1.54%
Namakwa Diamonds 139.0 144.5 -5.5 -3.81%
Petra Diamonds 99.7 101.5 -1.8 -1.78%
Rio Tinto plc 4,905.0 5,135.0 -230.0 -4.48%


===================
INDIA MARKET REPORT:
-------------------

---Polished: Local markets are very slow with little if any pick-up
seen.


-1 point: Very good demand: +$225 whites.
Good demand: $150-$200 whites.
Fair demand: $150-$350 TTLC.

-2 point: Good demand: +$300 whites.
Fair demand: $250-$300 whites;
$125-$150 TTLB & $125-$400 TTLC.

2-7 point: Good demand: +$300 whites.
Fair demand: $250-$300 whites;
$100-$150 TTLB & $125-$400 TTLC.

8-18 point: Good demand: +$550 whites.
Fair demand: $150-$200 TTLB & $200-$450 TTLC.

20 points: Good demand: +$650 whites.
Fair demand: $200-$400 whites.

25 points: Good demand: +$700 whites.
Fair demand: $200-$450 whites.

33 points: Good Demand: $1400-$1600 whites.
Fair Demand: $150-$500 whites.

50 points: Good demand: +$2000 & $1000-$1,500 whites
Fair demand: $700-$800 & $300-$500 whites.

75 points: Good demand: +$3,000 whites.
Fair demand: $700-$900 whites.

1 carat+: Very good demand: +$5,000 whites.
Good demand: $1,500-$4,500 whites.

Princess: -3 point: Fair demand: $200-$250 & $325-&375 whites.
+3 point: Fair demand: $$250-$300 & $350-$400 whites.
+9-18 point: Good demand: +14 pts $600-$650 whites
Fair demand: $225-$275 & $300-$400 whites.

20 point: Fair demand: $350-$400 whites & $750-$800 whites.
25 point: Fair demand: $350-$400 whites.
50 point: Fair demand: $600-$1,000 whites.
75 point: Fair demand: $1,200-$1,400 whites.
1 carat+: Good demand: +$1,500 whites.

Marquise: -6 point: Very good demand: $400-$550 whites.
Good demand: $250-$350 whites.
+7-18 point: Very good demand: $500-$650 & +14-point $850-
$900 whites.
Good demand: $225-$300 & +14-point $300-$350
whites.
20 point: Good demand: $675-$725 & $950-$1000 whites.
Fair demand: $325-$375 whites.
25 point: Good demand: $1,000-$1,100 whites.
Fair demand: $400-$450 whites.
33 point: Good demand: $1,200-$1,400 whites.
50 point: Good demand: $1,600-$1,800 whites.
75 point: Good demand: $1,100-$1,400 & $2,600-$3,000 whites.
1 carat+: Very Good demand: +$1,200 whites.

Tapers & Baguettes:
Good demand: $550-$800 +5mm whites. $225-$300
2mm-2.5mm whites; $300-$350, 2.5mm-3mm whites;
$350-$450 3mm-4mm, $500-$600 4mm –
5mm & $175-$250 +2mm-3mm whites.

--- ROUGH: Even after sightholders reduced premiums activity remains
slow. In Surat (state of Gujarat) market is closed.

1-5 point: Very good movement: $80-$150 makeables; $100-$200 crystals.
Good movement: $30-$75 makeables.
Good movement: $50-$100 OW TTLB & TTLC;
Fair movement: $5-$20 OW TTLB & TTLC.

6-20 point: Good demand: $150-225 crystals; $130-$180 makeables.
Fair demand: $40-$140 makeables; $60-$80 clivage;
$50-$100 makeables; Very good movement $80-$180;
Fair demand $60-$120 fancy shapes;
$70-$120 OW TTLC & TTLB rounds.

21-50 point: Good demand: $235-300 makeables; $170-$360 crystals.
Fair demand: $110-$220 rounds; $100-$150 crystals; $70-
$130 clivage; Very good movement $150-$230 and
Fair demand $75-$100 fancy shapes; Good demand $70-$150 &
Fair demand $20-$50 OW TTLC & TTLB.

0.51-1.00 carat: Good demand: $80-$125 & $150-$350 makeables;
$125-$250 & $300-$500 crystals.
Fair demand: $70-$100 clivage; Very good demand $225-
$325 and Fair demand $70-$125 fancy shapes;
Good demand $140-$180 & Fair demand $90-$125 OW TTLC &
TTLB.

1.01-2.00 carat: Fair demand: $225-$650 rounds; $225-$800 crystals;
$125-$170 clivage; $200-$400 all fancy shapes.
Good demand $170-$225 OW TTLC & TTLB.

2.01-3.00 carat: Good demand: $225-$1,500 makeables; $500-$1,000 OW
TTLC & TTLB & $350-$1,700 crystals.
Fair demand: $300-$400 clivage; $125-$400 flats &
$500-$1,000 fancy shapes.

5.00 carat+: Very good demand: $1,200+ makeables, crystals & all fancy
shapes till L color.

Mixed Lot: Good demand: $2-$50.
Moderátor
Rapaport TradeWire - Friday, August 1, 2008
-------------------------------------------

News: NY JA Show very weak with some demand for larger fine quality
4ct+ sizes. U.S. recession frightening retailers who are seeking heavy
discounts and avoiding inventory purchases. De Beers opens Forevermark
grading labs in Belgium and UK. Delaware Fed. Bankruptcy Court upholds
rights of memo holders in Whitehall Jewelers case. Bank of America
downgrades Tiffany to “sell” in anticipation of drop in tourism to NY
store. LVHM 1H jewelry sales $650 mil. (+7%), profits $115 mil.
(+30%.) Japan June polished imports -6% to $68 mil. KPCS global
production -0.6% to $12.1 bil. in 2007, volume -4% to 168.2 mil.
carats. Petra Diamonds FY08 sales at $76.6 mil (+356%) and production
at 200,287 cts (+11%). Diavik 2Q08 production at 2.5 mil. cts. (-23%)


=============
ANNOUNCEMENTS:
-------------

RAPAPORT INTERNATIONAL DIAMOND CONFERENCE
*****************************************


Sept. 8, 2008, New York, Waldorf Astoria Hotel

“2010, The Next Decade - Preparing For The Future”

The diamond and jewelry industry is undergoing a period of great
change, challenge and uncertainty. Powerful economic forces are
shifting the global balance of trade. Soaring commodity prices, a
plummeting dollar, the housing crisis and U.S. recession, a billion
new Chinese and Indian consumers, where will it all lead? What will
happen to the diamond and jewelry industry?

What will happen to your business after 2010?

REGISTER ONLINE TODAY:
http://www.diamonds.net/Conference/2008/Default.aspx



============
RETAIL QUOTE:
------------

"Mervyns needs to reorganize its finances and operations due to the
state of the economy and difficult operating environment for our
industry. After careful consideration of available alternatives, the
company's management board determined that a Chapter 11 filing was a
necessary and prudent step that allows us to operate our business
without interruption as we seek to restructure our debt and other
obligations in a controlled, court-supervised environment. We are
committed to serving our customers and maintaining regular operations
as we undertake this reorganization."

---John Goodman, CEO of Mervyns


==========
WORLD NEWS:
----------


---Slight Drop in 2007 Global Diamond Production, Rough Trading Jumps
12%

The Kimberley Process Certification Scheme reported that global
diamond production in 2007 fell 0.6 percent to $12.1 billion. Total
production by volume fell 4 percent to 168,198,857.66 carats, as value
per carat rose 5 percent to $71.98 a carat for the year.

Botswana remained the largest producer of rough by value despite an 8
percent decline in its production to $2.96 billion. The Russian
Federation was second as its production grew 2 percent to $2.63
billion, followed by Canada, where production increased 18 percent to
$1.66 billion. South Africa’s rough production rose 4 percent to $1.4
billion, and Angola completed the top five with a 12 percent rise to
$1.27 billion.


---Japan's June Polished Diamond Imports -6% to $68M

Japan’s imports of polished diamonds fell 6.3 percent to $68.38
million in June 2008. Japan’s imports from India fell 15.3 percent to
$23.22 million, while from Belgium rose 15.9 percent to $20.13
million, and imports from Israel grew 14.5 percent to $10.79 million.
For the first half of the year, Japan’s polished diamond imports fell
9.5 percent to $416.33 million.


---Vietnam: Gem, Gold & Jewelry Exports Rise

Gem, gold and jewelry exports in July jumped to $255 million, lifting
the country's commodity exports in the first seven months of the year
to $607 million or six times higher than one year ago. Previously, the
government had not allowed the export of gold, only gold jewelry. The
new rule to permit gold exports came into play before July.


---Bank of America Downgrades Tiffany to ‘Sell’

Bank of America Securities downgraded Tiffany & Co. shares to “sell”
saying the jeweler’s U.S. sales would be hurt by an expected drop in
tourism. Bank of America analyst Dana Cohen said in a research note
late last week that a slump in international tourism, evident in
airline cuts in flights to New York would impact Tiffany sales. She
lowered her price target by $6 to $33.


---Executive Order Prohibits Trade with Zimbabwe's MMC

President George W. Bush signed an executive order to expand sanctions
against Zimbabwe. The executive order prohibits individuals and
entities closely linked with President Robert Mugabe to operate with
U.S. firms. It also forbids U.S. residents and businesses from
conducting financial or commercial transactions with rough diamond
supplier Minerals Marketing Corporation (MMC) of Zimbabwe, and the
Zimbabwe Mining Development Corporation.


---JVC: U.S. Ban on Burmese Rubies, Jadeite to Start

President George W. Bush signed the “Tom Lantos Block Burmese JADE Act
of 2008” on July 29, 2008. The bill requires that within 60 days of
enactment, jadeite or rubies of Burma (Myanmar) origin cannot be
imported into the U.S. This importation ban would encompass all
Burmese origin jadeite and rubies, notwithstanding “substantial
transformation” in Thailand or elsewhere.


---De Beers Launches Diamond Grading Service

De Beers opened its first diamond grading laboratories to service its
Forevermark brand. Forevermark, the newly named marketing unit of the
De Beers group, chose to locate its first labs in Antwerp, Belgium,
and Maidenhead, United Kingdom. Forevermark diamonds will be
optionally graded at the same time that they are inscribed with an
icon and unique identification number, adding that such a service
would help reduce time across the diamond pipeline.


---Rapaport News Broadcast

View coverage of the two New York summer shows, JA NY and the Antique
Jewelry show, which ended this week. Diamond firm Stuller, and brand
Autore and Donna Distefano discuss JA show news. At the antique show
Jack Reiss, Diamonds R Us partner Curiosites, and Platinum Collection
share market observations.

http://www.diamonds.net/news/NewsItem.aspx?ArticleID=22573


=======================
RETAIL & WHOLESALE NEWS:
-----------------------

---Rajesh Exports 1Q Sales +15%, Profits -18%

Rajesh Exports reported that net profits in first quarter fell 18
percent to INR 344 million ($8.1 million) for the three months ending
June 30, 2008. Sales rose 15 percent to INR 23.32 billion ($549
million.)


---LVMH Jewelry, Watch Sales +7%, Profits +30% in 1H08

LVMH Moët Hennessy Louis Vuitton revenues rose 5 percent to €7.8
billion ($12.2 billion) in the first half of 2008. Group profits rose
7 percent to €1.541 billion ($2.4 billion.) Sales for the LVHM jewelry
and watch category rose 6.9 percent to €417 million ($650 million) and
profits in this category rose 30 percent to €74 million ($115.4
million.)


---Asian Star Profits +55% in 1Q Fiscal 2008-09

India-based polished diamonds manufacturer Asian Star reported that
net profits rose 55 percent to INR 119.11 million ($2.8 million) in
the first quarter of fiscal 2008-09. Company sales grew 7 percent to
INR 3.46 billion ($82 million) for the three months ending June 30,
2008. Expenses rose 9 percent to INR 3.27 billion ($77.68 million) for
the period, and operating profits grew 9.6 percent to INR 228.23
million ($5.4 million.)


---Sotheby’s London Jewelry Sale Garners $8M

Sotheby’s generated GBP 3.8 million ($7.7 million) in sales at its
Important Jewels Antique and Contemporary auction in London. The
auction sold 68.3 percent by lot and 76.2 percent by value. The top
selling lot was an emerald and diamond bracelet by Tiffany & Co, which
went for GBP 145,250 ($290,907,) more than double its pre-sale
estimate of GBP 40,000 to GBP 60,000. Diamonds dominated the top ten
selling lots with a 5.63 carat, H color and VVS2 clarity diamond ring
fetching GBP 103,250 ($206,789.)


---Growth was Flat, Profits Fell in Jewelers of America Retail Survey

Jewelers of America released its JA 2008 Cost of Doing Business
Survey, which analyzed member stores’ financial data from year 2007.
The survey found growth among designer/custom, independent high-end,
and chain retailers; while mid-range independents saw real declines.
Overall growth was essentially flat for the first time since 2001 and
2002, coming in at negative 0.3 percent on average (down from a 4.1
percent growth rate in 2006.) Designer/custom retailers fared best
with a 6.1 percent sales increase. Independent high-end retailers
experienced growth of 3.5 percent, but that was down from 2006, when
the category was up 7.4 percent. Chain stores experienced 2.5 percent
sales growth, while mid-range retailers were down 1.7 percent.


---Whitehall Loses Legal Bid to Liquidate Goods on Memo

Whitehall Jewelers Holdings Inc., which is in Chapter 11 Bankruptcy
proceedings and had been set to liquidate all inventory in its
possession, lost its legal bid to sell consigned goods (memo) per
Section 363 of the bankruptcy code. A U.S. Federal Bankruptcy Court in
Delaware ruled against Whitehall in favor of the owners of the
consigned goods (vendors) who argued that the goods on memo did not
belong to Whitehall. The retailer may move forward on selling stock it
owns however.


---Mervyns Seeks Chpt. 11 Protection

Department store chain Mervyns LLC filed for Chapter 11 Bankruptcy
protection, the latest merchant to become a casualty in a harsh retail
environment. The company said that all of its stores will remain open
and business will continue as the company reorganizes. The privately
held retailer, which had been languishing for several years, operates
about 175 locations in seven states but primarily in California.


===========
WHO IS NEWS:
===========


---Jacob the Jeweler Sues Wyclef Jean for Unpaid Watches, Jewelry

The company founded by the New York businessman known in the hip-hop
world as "Jacob the Jeweler" has sued Wyclef Jean, claiming he owes
money for watches and jewelry he bought. The company says Jean still
owes $319,680, despite repeated demands for payment. The company's
founder, Jacob Arabov, was sentenced in June to 2 1/2 years in federal
prison for lying to investigators of a multistate drug ring.


---Artificial Diamond Inventor Dies

H. Tracy Hall, who became the first man to make a diamond, passed away
at 88. In 1948, after earning a doctoral degree from the University of
Utah, Hall joined General Electric’s Project Superpressure to convert
carbon to diamond. In 1954, Hall became the first person to achieve
the feat.


---Element Six Appoints New CEO

Element Six, the industrial diamond unit of De Beers, appointed Cyrus
Jill as chief executive office to replace Christian Hultner who is to
step down after serving eight years in the position. The appointment
will take effect on October 1, 2008; one day after Hultner leaves.
Hultner will remain on the Element Six board as a non-executive
director.


---Hughes to Leave AGTA Gem Testing Center

Richard W. Hughes, gemological administrator for the AGTA Gemological
Testing Center, will be leaving his position effective at the end of
August for a new opportunity in Thailand. Hughes has been with AGTA
since 2005.


============
GENERAL NEWS:
============

---Namibia's Largest Union to Negotiate with Leviev Diamonds

Together the National Union of Namibian Workers (NUNW) and the
Mineworkers Union of Namibia (MUN) have appealed to striking workers
at Lev Leviev Diamonds (LLD) to vacate the employer's grounds where
workers have set-up camp since June 19. At a press conference, MUN
surrendered its mandate to represent the workers to the more
influential NUNW in hopes that the larger of the two unions would have
more success in representing workers' interests to LLD management.


---Botswana: Beneficiation Generates 3,000 Jobs Ahead of Schedule

The diamond cutting and polishing industry recently established in
Botswana, following the setting up of Diamond Trading Company Botswana
(DTCB,) has already created some 3,000 jobs, two years ahead of
target. De Beers Botswana managing director Sheila Khama said since
the setting up of 16 sightholders as clients of DTC Botswana, 3,005
jobs had been created, which is "a milestone achievement."


---FBI to Help Local Police in Diamond Thefts

The FBI agreed to a joint investigation with local police into several
recent diamond and jewelry heists across Arkansas and Tennessee. More
than $1.5 million in diamonds were stolen in the past three weeks.

In what are unrelated robberies, in at least six mall jewelers in
Atlanta have been hit by smash and grab thefts this monShane & Co. was
also robbed in Atlanta on July 14.


---Dubai to Host Diamond & Jewellery Summit

Dubai Multi Commodities Centre (DMCC) will organize the first Dubai
Diamond and Jewellery Summit, with the objective of providing the
international jewelry trade with a forum to initiate relationships in
the Middle East - the fastest growing market for diamonds. The
inaugural two-day summit will focus on Middle East-China diamond and
jewelry trade, and will be held from November 8 - 9, 2008 at the
Atlantis Hotel, Palm Jumeirah.


---ABN Amro Diamond Unit Planning Move into Botswana, Emerging Markets

ABN Amro is planning to launch operations in Botswana to support the
country’s emerging diamond industry. The bank is also looking at South
Africa, India, Israel and South Africa in its expansion plans.


===================
DIAMOND MINING NEWS:
-------------------

---Petra Hails Koffiefontein Success as Revenues Jump 356% in FY08

Petra Diamonds reported that revenue from diamond sales more than
tripled (up 356 percent) to $76.6 million in its fiscal year ending
June 30, 2008. Total production rose 11 percent to 200,287 carats,
though the company’s production sold, including inventory carried
over, rose 87 percent to 230,172 carats during the year. The average
price achieved on sales grew 145 percent to $333 per carat.


---Diavik 2Q Production -23%

Diavik Diamond Mines Inc., of Yellowknife, Canada, reported that ore
production accelerated in the second quarter in line with plan due to
improved operating conditions. In the end though, Diavik produced
2.522 million carats of diamonds during the quarter, which was a drop
of 23 percent from one year ago. Diamond production is now forecast to
be from 10 million to 10.5 million carats in 2008. Diavik is an
unincorporated joint venture between Rio Tinto's DDMI (60 percent) and
Harry Winston Diamond Mines Ltd. (40 percent.) Both companies are
headquartered in Yellowknife.


---Motapa Diamonds' 1Q Exploration Budget Jumps at Mothae

Motapa Diamonds Inc. reported 2009 financials for fiscal first
quarter, ending May 31, 2008, and increased exploration expenditures
215 percent to $1.271 million. The increase was mostly due to the bulk
sampling program at the Mothae mine in Lesotho.


--- Anglo American Profits Jump 27% in 1H 2008

Anglo American reported Thursday that net profits jumped 27 percent to
$4.28 billion in the first half of 2008 driven by higher commodities
prices. The De Beers parent said it had record underlying earnings, up
14 percent to $3.48 billion for the six month period ending June 30,
2008, despite a 10 percent drop in revenues to $17.96 billion.


---African Diamonds a Likely Takeover Target Says Chairman

Just as the dispute over developing the AK6 mine deepens between joint
venture partners De Beers and African Diamonds, the junior miner’s
chairman, John Teeling, told Rapaport News Wednesday he believes the
likely outcome to the rift will be a takeover of African Diamonds. De
Beers spokesperson Lynette Gould would not comment on the possibility
that De Beers was interested in buying African Diamonds' stake in
Boteti, saying it was "something for De Beers to discuss internally.


==========
ECON WATCH:
----------
For week ending July 31, 2008

Jul 31 Jul 24 Chng
$1 = Euro 0.641 0.638 0.003
$1 = Rupee 42.3 42.1 0.2
$1 = Israel Shekel 3.51 3.48 0.03
$1 = Rand 7.33 7.69 -0.35
$1 = Canadian Dollar 1.02 1.01 0.01

Precious Metals
Jul 31 Jul 24 Chng
Gold $914.70 $927.30 -$12.60
Platinum $1,743.00 $1,702.00 $41.00
Stock Indexes
Jul 31 Jul 24 Chng Chng%
BSE 14,355.75 14,777.01 -421.26 -2.85%
Dow Jones Avg. 11,378.02 11,349.28 28.74 0.25%
FTSE 5,411.90 5,362.30 49.60 0.92%
Hang Seng 22,731.10 23,087.72 -356.62 -1.54%
S & P 500 1,267.38 1,252.54 14.84 1.18%
Yahoo! Jewelry Index 856.11 869.54 -13.43 -1.54%

USA
Abazias $1.01 $0.52 $0.49 94.23%
Birks & Mayors $2.24 $2.50 -$0.26 -10.40%
Blue Nile $38.52 $39.80 -$1.28 -3.22%
Charles & Colvard $0.82 $0.86 -$0.04 -4.65%
Collector's Universe $7.42 $7.88 -$0.46 -5.84%
DGSE Companies, Inc. $3.35 $3.80 -$0.45 -11.84%
Fuqi International $8.76 $8.70 $0.06 0.69%
JCPenney $30.83 $30.88 -$0.05 -0.16%
Kohl's $41.91 $42.61 -$0.70 -1.64%
Lazare Kaplan $8.65 $8.15 $0.50 6.13%
LJ International $1.90 $1.90 $0.00 0.00%
Macy's $18.81 $18.31 $0.50 2.73%
Man Sang $5.75 $5.60 $0.15 2.68%
Movado Group $21.50 $21.34 $0.16 0.75%
Nordstrom $28.74 $29.14 -$0.40 -1.37%
Saks $10.19 $10.71 -$0.52 -4.86%
Signet $10.23 $10.35 -$0.12 -1.16%
Sotheby's $27.74 $27.32 $0.42 1.54%
Tiffany $37.79 $38.70 -$0.91 -2.35%
Wal-Mart $58.62 $56.97 $1.65 2.90%
Zale $22.12 $21.13 $0.99 4.69%

EUROPE
Bulgari €7.00 €6.60 €0.40 6.06%
Citizen Holdings €4.46 €4.65 -€0.19 -4.09%
Esa €12.76 €13.45 -€0.69 -5.13%
Golay-Buchel CHF 2,350.00 CHF 2,380.00 -€30.00 -1.26%
LVMH €70.95 €70.05 €0.90 1.28%
Pinault P-R SA €70.17 €70.10 €0.07 0.10%
Richemont SA CHF 63.05 CHF 62.50 CHF 0.55 0.88%
Sakha Diamonds €0.60 €0.66 -€0.06 -8.81%
Swatch Group CHF 245.00 CHF 250.25 -CHF 5.25 -2.10%
Theo Fennell (pence) 37.00 36.00 €1.00 2.78%

HONG KONG
Hang HKD 2.05 HKD 2.12 -HKD 0.07 -3.30%
King Fook HKD 0.77 HKD 0.77 HKD 0.00 0.00%
Noble Jewelry HKD 1.20 HKD 1.16 HKD 0.04 3.45%
Tse Sui Luen HKD 0.84 HKD 0.84 HKD 0.00 0.00%

INDIA (rupee)
Classic Diamond 40.65 41.65 -1.00 -2.40%
Gitanjali Gems 257.20 256.65 0.55 0.21%
Rajesh Exports 50.65 55.75 -5.10 -9.15%
Reliance 2,206.20 2,306.55 -100.35 -4.35%
Su-Raj Diamonds 68.00 67.85 0.15 0.22%
Titan 1,127.05 1,097.20 29.85 2.72%
Zodiac JRD 25.00 25.40 -0.40 -1.57%
Shantivijay Jewels 121.55 109.60 11.95 10.90%
Shukra Jewellery 3.20 3.35 -0.15 -4.48%
Suashish Diamonds 377.55 361.65 15.90 4.40%

NEW ZEALAND
Michael Hill NZD 0.79 NZD 0.78 NZD 0.01 1.28%

SINGAPORE
Gems TV Holdings SGD 0.165 SGD 0.140 SGD 0.025 17.86%
Sarin Technologies SGD 0.350 SGD 0.380 -SGD 0.030 -7.89%

MINING STOCKS
(pence unless noted)
Jul 31 Jul 24 Chng Chng%
USA
Anglo American $28.56 $26.35 $2.21 8.39%

CANADA
Archangel CAD 0.75 CAD 0.86 -CAD 0.11 -12.79%
Harry Winston CAD 21.75 CAD 19.60 CAD 2.15 10.97%
Mountain Province CAD 4.38 CAD 4.21 CAD 0.17 4.04%
Peregrine Diamonds CAD 0.20 CAD 0.20 CAD 0.00 0.00%
Rockwell Diamonds CAD 0.26 CAD 0.30 -CAD 0.04 -13.33%
Shore Gold CAD 1.60 CAD 1.61 -CAD 0.01 -0.62%
Stornoway Diamond CAD 0.30 CAD 0.28 CAD 0.03 9.09%
True North Gems CAD 0.28 CAD 0.31 -CAD 0.04 -11.29%

UK (pence)
African Diamonds 59.1 65.0 -5.9 -9.08%
BHP Billiton 1,693.0 1,540.0 153.0 9.94%
Firestone Diamonds 72.0 77.8 -5.8 -7.46%
Gem Diamonds 1,030.0 975.0 55.0 5.64%
Mano River 7.8 8.3 -0.5 -6.06%
Mwana Africa 39.0 32.0 7.0 21.88%
Namakwa Diamonds 133.0 139.0 -6.0 -4.32%
Petra Diamonds 90.0 99.7 -9.7 -9.72%
Rio Tinto plc 5,340.0 4,905.0 435.0 8.87%


===================
INDIA MARKET REPORT:
-------------------


---Diamond Hub Set to Go on Security Overdrive

Senior functionaries in Mumbai’s diamond industry got together
informally on Sunday afternoon and decided to put in extra security
measures at Panchratna, Mumbai's diamond trade hub at Opera House.
Enhanced security measures will be implemented at the building where
nearly 680 registered diamond traders conduct business every day.


---Polished: Locals are preparing for the upcoming IIJS show and faces
severe shortages due to closures of the Surat marketplace.


-1 point: Very good demand: +$225 whites.
Good demand: $150-$200 whites.
Fair demand: $150-$350 TTLC & $175-$250 white natts.

-2 point: Good demand: +$300 whites.
Fair demand: $250-$300 whites; $125-$150 TTLB & $125-$400
TTLC.

2-7 point: Very Good demand: +$300 whites.
Good demand: $250- $300 whites.
Fair demand: $100-$150 TTLB & $125-$400 TTLC.

8-18 point: Good demand: +$550 whites.
Fair demand: $150-$200 TTLB & $200-$450 TTLC.

20 points: Good demand: +$650 whites.
Fair demand: $200-$400 whites.

25 points: Good demand: +$700 whites.
Fair demand: $200-$450 whites.

33 points: Good Demand: $1400-$1600 whites.
Fair Demand: $150-$500 whites.

50 points: Good demand: +$2000 & $1000-$1,500 whites
Fair demand: $700-$800 & $300-$500 whites.

75 points: Good demand: +$3,000 whites.
Fair demand: $700-$900 whites.

1 carat+: Very good demand: +$5,000 whites.
Good demand: $1,500-$4,500 whites.

Princess: -3 point: Fair demand: $200-$250 & $325-&375 whites.
+3 point: Fair demand: $$250-$300 & $350-$400 whites.
+9-18 point: Good demand: +14 pts $600-$650 whites
Fair demand: $225-$275 & $300-$400 whites.

20 point: Fair demand: $350-$400 whites & $750-$800 whites.
25 point: Fair demand: $350-$400 whites.
50 point: Fair demand: $600-$1,000 whites.
75 point: Fair demand: $1,200-$1,400 whites.
1 carat+: Good demand: +$1,500 whites.

Marquise: -6 point: Very good demand: $400-$550 whites.
Good demand: $250-$350 whites.
+7-18 point: Very good demand: $500-$650 & +14-point $850-
$900 whites.
Good demand: $225-$300 & +14-point $300-$350
whites.
20 point: Good demand: $675-$725 & $950-$1000 whites.
Fair demand: $325-$375 whites.
25 point: Good demand: $1,000-$1,100 whites.
Fair demand: $400-$450 whites.
33 point: Good demand: $1,200-$1,400 whites.
50 point: Good demand: $1,600-$1,800 whites.
75 point: Good demand: $1,100-$1,400 & $2,600-$3,000 whites.
1 carat+: Very Good demand: +$1,200 whites.

Tapers & Baguettes:
Good demand: $550-$800 +5mm whites. $225-$300
2mm-2.5mm whites; $300-$350, 2.5mm-3mm whites;
$350-$450 3mm-4mm, $500-$600 4mm –
5mm & $175-$250 +2mm-3mm whites.


---Rough: Local rough market is very slow due to higher prices, and
workers only now resuming some normalcy after the bombings.

1-5 point: Very good movement: $80-$150 makeables; $100-$200 crystals.
Good movement: $30-$75 makeables.
Good movement: $50-$100 OW TTLB & TTLC;
Fair movement: $5-$20 OW TTLB & TTLC.

6-20 point: Good demand: $150-225 crystals; $130-$180 makeables.
Fair demand: $40-$140 makeables; $60-$80 clivage;
$50-$100 makeables; Very good movement $80-$180;
Fair demand $60-$120 fancy shapes;
$70-$120 OW TTLC & TTLB rounds.

21-50 point: Good demand: $235-300 makeables; $170-$360 crystals.
Fair demand: $110-$220 rounds; $100-$150 crystals; $70-
$130 clivage; Very good movement $150-$230 and
Fair demand $75-$100 fancy shapes; Good demand $70-$150 &
Fair demand $20-$50 OW TTLC & TTLB.

0.51-1.00 carat: Good demand: $80-$125 & $150-$350 makeables;
$125-$250 & $300-$500 crystals.
Fair demand: $70-$100 clivage; Very good demand $225-
$325 and Fair demand $70-$125 fancy shapes;
Good demand $140-$180 & Fair demand $90-$125 OW TTLC
& TTLB.

1.01-2.00 carat: Fair demand: $225-$650 rounds; $225-$800 crystals;
$125-$170 clivage; $200-$400 all fancy shapes.
Good demand $170-$225 OW TTLC & TTLB.

2.01-3.00 carat: Good demand: $225-$1,500 makeables; $500-$1,000 OW
TTLC & TTLB & $350-$1,700 crystals.
Fair demand: $300-$400 clivage; $125-$400 flats &
$500-$1,000 fancy shapes.

5.00 carat+: Very good demand: $1,200+ makeables, crystals & all fancy
shapes till L color.

Trochu práce má FBI. ;)
Moderátor
Prepáč jano tu časť fóra som si dovolil zrušiť. :D

Dôvod:každý Arab ktorý reálne obchoduje určite vie An. samozrejme aj kopa iných narodností. ;)
Moderátor
nehnevaj sa grofik ale
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_______________
... Som tu deň a noc ...
Historické pohľadnice, dobové dokumenty a predmety z mesta Sereď
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Moderátor
pokochaj sa ;)
_______________
... Som tu deň a noc ...
Historické pohľadnice, dobové dokumenty a predmety z mesta Sereď
http://sered-city.blogspot.com
Moderátor
jano to je OK. krásna žena patrí ku diamantom resp.ku pekným kamienkom. :D ;)
Moderátor
krasna zena a diamanty patria ku mne ;) grofik kedy sa to uz konecne naucis :D
_______________
... Som tu deň a noc ...
Historické pohľadnice, dobové dokumenty a predmety z mesta Sereď
http://sered-city.blogspot.com
Moderátor
:shock: Keď ináč nedáš nech je po tvojom :lol:
Moderátor
tak to ma byt :D
_______________
... Som tu deň a noc ...
Historické pohľadnice, dobové dokumenty a predmety z mesta Sereď
http://sered-city.blogspot.com

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