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 TradeWire® 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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Týľdenný prehµad zaujímavostí vo svete diamantov .
| Autor | Příspěvek |
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#1 30. 5. 2008, 10:43
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Registrovaný uľivatel
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#2 6. 6. 2008, 12:59
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Registrovaný uľivatel
|
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 TradeWire® 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/ ==== TradeWire Notices And Restrictions ==== === Providing News === If you have any news that may be of interest to our readers, please send your information via email to news@diamonds.net. You may also call our editorial department at 1-212-354-9100 ext. 245. === Share Your Opinions === The Rapaport TradeWire encourages readers to share their views. Please send an Email to news@diamonds.net if you would like to share your views on any subject related to the diamond, gem and jewelry industry. === Privacy === The Rapaport Group of Companies does not sell, rent or distribute names, telephone numbers, email addresses, or any personalized information to any third parties. Personal information provided to any organization or service associated with the Rapaport Group of Companies will be held in the strictest confidence and not be disclosed to any third parties unless require to do so by a court of law. === Important Copyright Notice === (C) 2008 by Martin Rapaport. All rights reserved. This Rapaport TradeWire Email Service is provided solely for your personal reading pleasure. No part of the text in this Email may be copied, transferred, transmitted, distributed, recompiled, or published in any manner or form without the express written permission of the copyright holder. Readers are expressly warned not to use, copy, transfer, transmit, distribute, reproduce, recompile or publish any information contained in this email for any commercial purpose or in any manner that could compete with any service provided by the Rapaport Group or harm the business interests of the Rapaport Group of Companies. The Service and the information contained herein may not be used to construct a database of any kind. Rapaport reserves the right to limit the distribution and use of our TradeWire in any manner we see fit. Rapaport®, TradeWire®, Index® and JNS® Jewelry News Service are registered trademarks. You may not use or exploit any of Rapaport's trademarks, tradenames, service marks or the Rapaport Price List in any manner which creates the impression that such names, marks and the price list belong to or are associated with you or are used with Rapaport’s consent unless express written permission is provided. If you would like permission to use this TradeWire in any manner other than for your personal reading pleasure please send an email to legal@diamonds.net Thank you for respecting our intellectual property rights. === Removal From TradeWire Email List === You are receiving this Rapaport TradeWire because you have requested or because you are a subscriber to Rapaport services. If you do not wish to receive this weekly TradeWire please send an email to stopmail@diamonds.net or contact us by postal mail or phone. (+1) 702-893-9600. Rapaport Attn: Tradewire subscriptions 1212 Avenue of the Americas Suite 1103 New York, NY 10036 |
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#3 6. 6. 2008, 20:19
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| Registrovaný uľivatel |
neco v seredskom jazyku tam nemas? tejto reci moc nerozumim
 _______________ ... Som tu deň a noc ... Historické pohµadnice, dobové dokumenty a predmety z mesta Sereď http://sered-city.blogspot.com |
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#4 6. 6. 2008, 20:43
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Registrovaný uľivatel
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jano pri vąetkej úcte ku Tebe,myslím autentičnos» je hodne dôleľitá to je asi tak pre 0,01% návątevníkov ktorí sem zavítajú.
Pre teba zrejme bude zbytočný v najblíľąích 5-20 r. jakýkoµvek preklad to ani pribliľne nie je Tvoja parketa.
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#5 6. 6. 2008, 20:57
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| Registrovaný uľivatel |
tak nic , za pokus to stalo...
_______________ ... Som tu deň a noc ... Historické pohµadnice, dobové dokumenty a predmety z mesta Sereď http://sered-city.blogspot.com |
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#6 13. 6. 2008, 11:28
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Registrovaný uľivatel
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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 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/ ==== TradeWire Notices And Restrictions ==== === Providing News === If you have any news that may be of interest to our readers, please send your information via email to news@diamonds.net. You may also call our editorial department at 1-212-354-9100 ext. 245. === Share Your Opinions === The Rapaport TradeWire encourages readers to share their views. 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You may not use or exploit any of Rapaport's trademarks, tradenames, service marks or the Rapaport Price List in any manner which creates the impression that such names, marks and the price list belong to or are associated with you or are used with Rapaport’s consent unless express written permission is provided. If you would like permission to use this TradeWire in any manner other than for your personal reading pleasure please send an email to legal@diamonds.net Thank you for respecting our intellectual property rights. === Removal From TradeWire Email List === You are receiving this Rapaport TradeWire because you have requested or because you are a subscriber to Rapaport services. If you do not wish to receive this weekly TradeWire please send an email to stopmail@diamonds.net or contact us by postal mail or phone. (+1) 702-893-9600. Rapaport Attn: Tradewire subscriptions 1212 Avenue of the Americas Suite 1103 New York, NY 10036 |
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#7 20. 6. 2008, 13:27
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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 (EUR3,052,13  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/ ==== TradeWire Notices And Restrictions ==== === Providing News === If you have any news that may be of interest to our readers, please send your information via email to news@diamonds.net. You may also call our editorial department at 1-212-354-9100 ext. 245. === Share Your Opinions === The Rapaport TradeWire encourages readers to share their views. Please send an Email to news@diamonds.net if you would like to share your views on any subject related to the diamond, gem and jewelry industry. === Sharing the TradeWire === If you know anyone that would enjoy receiving the Rapaport TradeWire please ask them to register for the TradeWire Email service by visiting our web page at www.diamonds.net or by sending email to tradewire@diamonds.net. Please do not forward the TradeWire to others as this is a violation of our Copyright. === Privacy === The Rapaport Group of Companies does not sell, rent or distribute names, telephone numbers, email addresses, or any personalized information to any third parties. Personal information provided to any organization or service associated with the Rapaport Group of Companies will be held in the strictest confidence and not be disclosed to any third parties unless require to do so by a court of law. === Important Copyright Notice === (C) 2008 by Martin Rapaport. All rights reserved. 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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. === Providing News === If you have any news that may be of interest to our readers, please send your information via email to news@diamonds.net. You may also call our editorial department at 1-212-354-9100 ext. 245. === Share Your Opinions === The Rapaport TradeWire encourages readers to share their views. Please send an Email to news@diamonds.net if you would like to share your views on any subject related to the diamond, gem and jewelry industry. === Sharing the TradeWire === If you know anyone that would enjoy receiving the Rapaport TradeWire please ask them to register for the TradeWire Email service by visiting our web page at www.diamonds.net or by sending email to tradewire@diamonds.net. Please do not forward the TradeWire to others as this is a violation of our Copyright. === Privacy === Thank you for respecting our intellectual property rights. === Removal From TradeWire Email List === Rapaport Attn: Tradewire subscriptions 1212 Avenue of the Americas Suite 1103 New York, NY 10036 |
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#9 4. 7. 2008, 10:05
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Registrovaný uľivatel
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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 $(37 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/ ==== TradeWire Notices And Restrictions ==== === Providing News === If you have any news that may be of interest to our readers, please send your information via email to news@diamonds.net. You may also call our editorial department at 1-212-354-9100 ext. 245. === Share Your Opinions === The Rapaport TradeWire encourages readers to share their views. Please send an Email to news@diamonds.net if you would like to share your views on any subject related to the diamond, gem and jewelry industry. === Sharing the TradeWire === If you know anyone that would enjoy receiving the Rapaport TradeWire please ask them to register for the TradeWire Email service by visiting our web page at www.diamonds.net or by sending email to tradewire@diamonds.net. Please do not forward the TradeWire to others as this is a violation of our Copyright. === Privacy === The Rapaport Group of Companies does not sell, rent or distribute names, telephone numbers, email addresses, or any personalized information to any third parties. Personal information provided to any organization or service associated with the Rapaport Group of Companies will be held in the strictest confidence and not be disclosed to any third parties unless require to do so by a court of law. Rapaport Attn: Tradewire subscriptions 1212 Avenue of the Americas Suite 1103 New York, NY 10036 |
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#10 11. 7. 2008, 9:51
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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 |
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#11 12. 7. 2008, 18:17
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amen
_______________ ... Som tu deň a noc ... Historické pohµadnice, dobové dokumenty a predmety z mesta Sereď http://sered-city.blogspot.com |
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#12 13. 7. 2008, 20:02
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Registrovaný uľivatel
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 Nooo jano čeče Ty sa nezdáą.  |
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#13 14. 7. 2008, 6:37
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Registrovaný uľivatel
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 Grofik,co máą proti slovanským jazykům ? |
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#14 14. 7. 2008, 15:05
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Registrovaný uľivatel
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Michaela nič,prehµad chodí kaľdý týľdeň tak to presuniem v originálnom znení sem a nikdo nemôľe pripomienkova»,ľe si čísla vymýąµam.
Pokiaµ čírov náhodou to zaujíma aj niekoho iného mimo mňa,ale časom kto vie ,človek nikdy nevie či nenavątevujú tento veb. aj µudia od ąperkov a pre laickú verejnos» je moľnos» porovna» v akých objemoch prebehnú vo svete za týľdeň diamanty. Upozorňujem to je cca 60-70% max. |
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#15 18. 7. 2008, 12:13
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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. |
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#16 18. 7. 2008, 13:14
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Z HISTORIE DIAMANTŮ
Diamanty vznikly z uhlíku, který byl uloľen hluboko pod zemí za velké teploty a tlaku. Staly se populární pro svoji tvrdost. Lehce se neroztříątí ani nepraskají ani neodątěpují, ale můľou být přitom řezány jedním úderem. Indie začala těľit diamanty na výrobu ąperků před více neľ tisíci lety, ale později byly nalezeny i v jiných místech. Dnes je vyrobeno 90% ąperků z diamantů těľených v Afrických zemích. Zbytek je těľen v Austrálii, Jiľní Americe, Kanadě a Rusku. Kromě bílých, se vyskytují diamanty i v duhových barvách. Můľou být barevné jako kterýkoli jiný drahokam. Výskyt jiných odstínů je způsoben přítomností jiných prvků mimo uhlíku. Typ ovlivní barvu. Nejpopulárnějąí jsou růľové a modré diamanty, které se prodávají za vyąąí cenu neľ kterýkoli jiný drahokam. Červený, zelený a fialový odstín je vzácný. Diamanty jsou nejoblíbenějąí kameny pro zásnubní prsteny. Tradice začala kdyľ rakouský arcivévoda Maximilián věnoval první zásnubní prsten Marii Burgundské v roce 1477. Nyní se těľí více neľ 250 tun zeminy v poměru k jednomu nalezenému karátu dobré kvality. I kdyľ jsou ve ąpercích pouľívané náhraľky místo pravých diamantů jako populární zirkon pro nízkou cenu, vynikající moissanity pro vlastnosti pravého diamantu nebo bílý safír, pravé diamanty jsou stále nejľádanějąí. Diamantové ąperky a prsteny budou navľdy nejoblíbenějąími 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. Jestliľe nemáte peněz nazbyt, je důleľité zvolit C které je pro vás nejdůleľitějąí. Potom bude lehčí volba vzhledem k vaąim prioritám rozhodnout se jestli chcete raději větąí diamant s menąím jasem, anebo menąí s větąím třpytem. Stručně řečeno: Karáty - udávají váhu diamantu. Čistota Diamantu - měří se mnoľství nečistoty (ta omezuje světlo procházející skrze diamant, čímľ sniľuje lesk a jas). Barva Diamantu - hodnotí se bělost nezasazených diamantů (čím ľlutějąí, tím méně hodnotný). Brus Diamantu - měří se kvalita, nikoli tvar diamantů (jednoduąe řečeno lepąí brus má za výsledek zářivějąí diamant). KARÁTOVÁ VÁHA DIAMANTŮ Vąechny nezasazené diamanty se měří karátovou váhou. Větąinou chtějí lidé co největąí diamant. Z technické stránky, mají obvykle větąí diamanty niľąí kvalitu, například ztrácejí na jasu. Kvůli brouąení 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. Jelikoľ větąí diamanty jsou vzácnějąí, jsou i cennějąí. Jeden karát je cennějąí neľ více menąích diamantů o celkové váze jednoho karátu. Menąí diamant na malé ruce vypadá přirozeně, ale na velké se ztrácí. Kdyľ se rozhodujete o velikosti karátů, myslete vedle svých finančních moľností 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. Kdyľ kupujete diamantové ąperky, hledejte čistý diamant. Nečistota můľe být velmi nepatrná - není vidět pouhým okem. Kdyľ hledáte čistotu, hledejte diamant od Flawless "Fl" (Bez chyby) po Very Slightly Included "VSI", toto jsou kameny vypadající čistě při pohledu pouhým okem. Pouľívají 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 ľádná přírodní nečistota pod 10 x zvětąením. Tyto diamanty jsou velmi vzácné. Very Very Slightly Included (VVS1 a VVS2) diamanty s nečistotou, která je těľko viditelná pod 10 x zvětąením. Mají vynikající kvalitu. Nečistotu je velmi těľké spatřit a nalézá se jen ve spodní části nebo mají malou povrchní nečistotu, která můľe být odstraněna jemným leątěním. Very Slightly Included (VS1 a VS2) diamanty s nečistotou, která je pouhým okem těľko viditelná. Jsou levnějąí neľ VVS1 a VVS2. Nečistota ve VS1 je těľko viditelná. Trochu viditelnějąí je ve VS2 diamantech. Slightly Included (SI1 a SI2) mají nečistotu, která je viditelná pod 10x zvětąením a můľe být viděná i pouhým okem. Mají dobrou hodnotu, protoľe jejich brilance je vysoká a zároveň cena je dostupnějąí. Imperfect (I1, I2 a I3) diamanty obsahující nečistotu viditelnou pod 10x zvětąením a lehce viditelnou pouhým okem. Tyto diamanty nemají tolik jiskry při pohledu pouhým okem. BARVA DIAMANTŮ Diamanty se vyskytují v rozdílných barvách od ľluté do světle hnědé. Jiné barvy, jako růľová a černá nejsou zahrnuty do této stupnice. Favoritem stupnice barvy je "bez barvy" coľ 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 větąím odstínem neľ 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 aľ světle ľlutou barvu. Vysokou hodnotu mají stupně G-I, ale pokud hledáte zásnubní diamantový prsten, dobrý výběr je téľ 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 větąinou objevují v určitém tvaru, (brusu): obdélník, srdce, kosočtverec, ovál, hruąka (slza), princess (čtverec), radiant, baguetty, kulatý a trojúhelník a jiné. Nejpopulárnějąím tvarem diamantu je kulatý briliant protoľe ho lidé povaľují 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 jiľ u diamantových ąperků neexistuje nic jako "ideální brus". Tvary diamantů jako srdce, trojúhelník, hruąka (slza), kosočtverec, ovál, a princess (čtverec) jsou tvarované k maximálnímu dosaľení karátové váhy. Neopracovaný diamant je brouąen do takového tvaru, jehoľ výsledkem bude co nejmenąí ztráta na váze. Diamant tvaru Marquise (kosočtverce) a oválu by měl mít délku, která je přesně dvojnásobkem jeho ąířky. Pokud je moc úzký nebo ąiroký, ztrácí světlo a zdá se tmavý. Kdyľ jsou kvalita a brus dobré, diamanty vypadají skvěle v jakémkoli tvaru, který zvolíte. |
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#17 25. 7. 2008, 12:08
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Registrovaný uľivatel
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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. |
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#18 1. 8. 2008, 13:08
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Registrovaný uľivatel
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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. |
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#19 1. 8. 2008, 20:29
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Registrovaný uľivatel
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Prepáč jano tu čas» fóra som si dovolil zruąi».
Dôvod:kaľdý Arab ktorý reálne obchoduje určite vie An. samozrejme aj kopa iných narodností. |
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#20 1. 8. 2008, 20:32
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nehnevaj sa grofik ale
_8___MOOOOOOOOOO8888MOO88888OO888888888888OOOOOOOMm888 ___8___MMOOOOOOOO8888MOOO8888OOOOO888888888888OOOOOOOOMm8 _______8MOOOOOOO8888MOOOOO888OOOOOOO88OOO8888888OOOOOOOOMm ______88MMOOOOO8888MOOOOOOO88OOOOOOOO8OOOOO888888OOOMOOOOOM _____8888MOOOOO888MMOOOOOOOO8OOOOOOOOOOOMOOOO8888OOOOMOOOOM ____88888MOOOOO88OMOOOOOOOOOO8OOOOOOOOOOOMOOO8888OOOOOOMOOM ___88_888MMOOO888OMOOOOOOOOOOOOOOOOOOOOOOOMO8888OOOOOOOOOMO ___8_88888MOOO88OOMOOOOOOOOOOOOOOOOOOOOOOOMMO88OOOOOOOOOOOOM _____88888MOOO88OOMOOOOOOOOOO*88*OOOOOOOOOOMO88OOOOOOOOOOOOOOM ____888888MOOO88OOMOOOOOOOOO88@@88OOOOOOOOOMOO88OOOOOOOOOOOOOOM ____888888MMOO88OOMMOOOOOOOO88@@88OOOOOOOOOMOOO8OOOOOOOOOOOOOO*8 ____88888__MOOO8OOMMOOOOOOOOO*88*OOOOOOOOOOMOOOOOOOOOOOOOOOOO88@@ ____8888___MMOOOOOOMMOOOOOOOOOOOOOOOOOOOOOMMOOOOOOOOOOOOOOOOO88@ _____888____MOOOOOOOMMOOOOOOOOOOOOOOOOOOOMMOOMOOOOOOOOOOOOOOOO*8 _____888____MMOOOOOOOMMMOOOOOOOOOOOOOOOOMMOOOMMOOOOOOOOOOOOOOOM ______88_____MOOOOOOOOMMMMOOOOOOOOOOOMMMMOOOOOMMOOOOOOOOOOOOMM ______88____MMOOOOOOOOOMMMMMMMMMMMMMMMOOOOOOOOMMMOOOOOOOOMMM ________88____MMOOOOOOOOOOOOMMMMMMMOOOOOOOOOOOOOOMMMMMMMMMM _________88___8MMOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOMMMMMM __________8___88MMOOOOOOOOOOOOOOOOOOOOOOMOOOMOOOOOOOOMM ______________888MMOOOOOOOOOOOOOOOOOOMMOOOOOOMMOOOOOOMM _____________88888MMOOOOOOOOOOOOOOOMMMOOOOOOOmMOOOOOMM _____________888888MMOOOOOOOOOOOOOMMMOOOOOOOOOMMMOOOM ____________88888888MMOOOOOOOOOOOMMMOOOOOOOOOOOMMOOOM ___________88_8888888MOOOOOOOOOMMMOOOOOOOOOOOOOOMOOOM ___________8__888888_MOOOOOOOMMOOOOOOOOOOOOOOOOOMOOOMO ______________888888_MOOOOOOMOOOOOOOOOOOOOOOOOOOMOOOMM _____________888888__MOOOOOMOOOOOOOOOOOOOOOOOOOOOOOOMOM _____________888888__MOOOOOMOOOOOOOOO@OOOOOOOOOOOOOOMOOM _____________88888___MOOOOOOOOOOOOOO@@OOOOOOOOOOOOOOOMOOM ____________88888___MOOOOOOOOOOOOOO@@@OOOOOOOOOOOOOOOOMOOM ___________88888___MOOOOOOOOOOOOOOO@@OOOOOOOOOOOOOOOOOOMOOM __________88888___MOOOOOmOOOOOOOOOO@OOOOOOOOOOMmOOOOOOOMOOOM __________8888___MOOOOOMOOOOOOOOOOOOOOOOOOOOOOOMMOOOOOOOMOOOM _________8888___MOOOOOMOOOOOOOOOOOOOOOOOOOOOOOMMMOOOOOOOOMOOOM ________888____MOOOOOMOOOOOOOOOOOOOOOOOOOOOOOMMMOOOOOOOOOMOOOOM ______8888____MMOOOOMmOOOOOOOOOOOOOOOOOOOOOMMMMOOOOOOOOOmOOmOOOM ____888______MOOOOOMOOOOOOOOOOOOOOOOOOOOMMMOOOOOOOOOOOOMOOmmOOOM __8888_______MMOOOOOOOOOOOOOOOOOOOOOOOOOMMOOOOOOOOOOOOOmMOOMMOOOMO _____________MOOOOOOOOOOOOOOOOOOOOOOOOOMOOOOOOOOOOOOOOOmMOOMMOOOMm ____________MMOOOOOOmOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOMOOMMOOOMM ____________MOOOOOOOOMOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOMOOMOOOMM ___________MMOOOOOOOOOMOOOOOOOOOOOOOMOOOOOOOOOOOOOOOOOOOOOMOMOOOMM ___________MOOOOOOOOOOOM88OOOOOOOOOMOOOOOOOOOOOOOOOOOOOOOOOMMOOMMM ___________MOOOOOOOOOOOO8888888888MOOOOOOOOOOOOOOOOOOOOOOOOMMOOMM ___________MOOOOOOOOOOOOO88888888MOOOOOOOOOOOOOOOOOOOOOOOOOMOOMM ___________MOOOOOOOOOOOOOO888888MOOOOOOOOOOOOOOOOOOOOOOOOOMOOMM ___________MOOOOOOOOOOOOOOO88888MOOOOOOOOOOOOOOOOOOOOOOOOOMOMM ___________MOOOOOOOOOOOOOOOOO88MOOOOOOOOOOOOOOOOOOOOOOOOOOMMM ___________MOOOOOOOOOOOOOOOOOOOMOOOOOOOOOOOOOOOOOOOOOOOOOOMMM ___________MMOOOOOOOOOOOOOOOOOMOOOOOOOOOOOOOOOOOOOOOOOOOOMMM ____________MOOOOOOOOOOOOOOOOOMOOOOOOOOOOOOOOOOOOOOOOOOOOMMM ____________MMOOOOOOOOOOOOOOOMOOOOOOOOOOOOOOOOOOOOOOOOOOMMM _____________MOOOOOOOOOOOOOOOMOOOOOOOOOOOOOOOOOOOOOOOOOMMM _____________MMOOOOOOOOOOOOOMOOOOOOOOOOOOOOOOOOOOOOOOOMMM ______________MOOOOOOOOOOOOOMOOOOOOOOOOOOOOOOOOOOOOOOMMM ______________MMOOOOOOOOOOOMOOOOOOOOOOOOOOOOOOOOOOOOMMM _______________MOOOOOOOOOOOMOOOOOOOOOOOOOOOOOOOOOOOMMM _______________MMOOOOOOOOOMOOOOOOOOOOOOOOOOOOOOOOOMMM ________________MOOOOOOOOOMOOOOOOOOOOOOOOOOOOOOOOMMM ________________MMOOOOOOOMOOOOOOOOOOOOOOOOOOOOOOMMM _________________MMOOOOOOMOOOOOOOOOOOOOOOOOOOOOMMM _________________MMOOOOOMOOOOOOOOOOOOOOOOOOOOOMMM __________________MMOOOOMOOOOOOOOOOOOOOOOOOOOMMM __________________MMOOOMOOOOOOOOOOOOOOOOOOOOMMM ___________________MMOOMOOOOOOOOOOOOOOOOOOOMMM ___________________MMOMOOOOOOOOOOOOOOOOOOOMMM ___________________MMMOOOOO0000000000OOOOOMM _______________ ... Som tu deň a noc ... Historické pohµadnice, dobové dokumenty a predmety z mesta Sereď http://sered-city.blogspot.com |
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#21 1. 8. 2008, 20:32
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pokochaj sa
_______________ ... Som tu deň a noc ... Historické pohµadnice, dobové dokumenty a predmety z mesta Sereď http://sered-city.blogspot.com |
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#22 1. 8. 2008, 20:46
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Registrovaný uľivatel
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jano to je OK. krásna ľena patrí ku diamantom resp.ku pekným kamienkom.
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#23 1. 8. 2008, 20:49
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| Registrovaný uľivatel |
krasna zena a diamanty patria ku mne
grofik kedy sa to uz konecne naucis _______________ ... Som tu deň a noc ... Historické pohµadnice, dobové dokumenty a predmety z mesta Sereď http://sered-city.blogspot.com |
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#24 1. 8. 2008, 21:52
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Registrovaný uľivatel
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Keď ináč nedáą nech je po tvojom |
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#25 1. 8. 2008, 21:57
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| Registrovaný uľivatel |
tak to ma byt
_______________ ... Som tu deň a noc ... Historické pohµadnice, dobové dokumenty a predmety z mesta Sereď http://sered-city.blogspot.com |
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