Diamond Market Report 11/23/2007
*Important U.S. Thanksgiving weekend opens holiday season.
*High-end jewelry and inexpensive promotional goods expected to do well.
*Mid quality price points, may be problematic.
*Scarcity driving premiums for better quality 3ct+.
*India: trading picks up as business resumes post-Diwali.Gitanjali Group acquires U.S. retailer
Rogers Jewelers for $20 mil.
*Nordstrom 3Q profits +22% to $166 mil., revenues +5% to $2 mil. with same stores sales
+2%.Saks sales +14% to $796 mil., same store sales +11%., 3Q profits +249% to $22 mil. Zale
1Q loss at $28 mil. sales -1% to $377 mil.
Sunday, November 25, 2007
Diamond Market Report 11/23/2007
Tuesday, November 20, 2007
The Most Expensive Red Diamond in the World
GENEVA (Reuters) - A ring with a rare red purple diamond was sold for 2.6 million dollars, setting a world record for a red diamond. The English jeweler Laurence Graff bought the ring with the octagonal red shaped diamond. The diamond weighs 2.26 carats and is the largest diamond of its kind to be sold at auction.
Thursday, November 15, 2007
Tuesday, November 13, 2007
Thursday, November 8, 2007
Wednesday, August 1, 2007
Wednesday, July 4, 2007
Today's News Links
Monday, July 2, 2007
Thursday, June 28, 2007
Today's News Links
Tuesday, June 26, 2007
Today's Market Report and News Links
After a strong start of the week, prices weakened during latter part, pulling the weekly index lower in relatively quiet trading volumes.
| Level Daily | Change |
Monday | 126.3 | -0.1% |
Tuesday | 127.4 | +0.8% |
Wednesday | 128.2 | +0.7% |
Thursday | 128.2 | -0.0% |
Friday | 126.9 | -1.1% |
Monday | 126.1 | -0.6% |
The main PolishedPrices index opened at 126.1 points on Monday, down 0.2% over the week and just above the opening level for the year. However, the index is still 3.6% above the level it was trading a year ago.
Commercial one carat diamonds were the weakest performers of the benchmark sizes over the past week, falling 6.1% to reach their lowest level since mid March.
Smaller sizes fared well this week, with high end 0.3 carat diamonds recording a 6.0% gain. Commercial 0.3 carats rose 1.3% and Mixed opened 1.5% higher.
The definitions of our groupings are: Fine: goods better than I color and VS2 and above.Commercial: K SI3 and above, excluding the Fine category, and Mixed: the rest down to M I3
Today's News Links
Diamond Derivatives - the Newest Trend
Monday, June 25, 2007
Today's News & Links
Sunday, June 24, 2007
Thursday, June 21, 2007
Today's News & links
Wednesday, June 20, 2007
Monday, June 18, 2007
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