Diamonds.net News - Conflict Diamond Struggle Continues Despite Congo Joining KP
Wednesday, December 5, 2007
Tuesday, December 4, 2007
Polished Diamond Prices Rise Significantly in November
IDEX Online Research: Polished Diamond Prices Rise Significantly in November
Monday, December 3, 2007
World’s most expensive perfume comes in a bottle set with a 5 carat, brilliant cut white diamond in an 18k solid gold collar
The Guinness World Records Book has officially recognised ‘No।1 Perfume’ created by Clive Christian, as the world’s most expensive perfume. The perfume range for men and women starts at $2,600 per ounce. A larger version called ‘No.1 Imperial Majesty’ is valued at $215,000 (£104,043) and contains 16.9 oz of perfume and comes in a bottle set with a 5 carat, brilliant cut white diamond in an 18k solid gold collar. Only 10 were made. According to reports, the perfume is driven to the buyer’s door-step in a Bentley.
Thursday, November 29, 2007
China: Time to Take Diamond Industry to New Level
China: Time to Take Diamond Industry to New Level
China Daily, SHANGHAI: A senior official yesterday called for intensified efforts to further develop the diamond industry in China, the world's fifth largest consumer of the precious stone.
"Under the current favorable tax policy, it is time to take the diamond industry to a new level," Ma Xiuhong, vice minister of commerce, said at the 2007 China International Diamond Conference held in Shanghai.
In July 2006 the tariff on diamonds was reduced to 10 percent from 15.3 percent. Since the new tax policy on diamond industry took effect, diamond trade has grown at a much faster pace.
According to latest figures compiled by the Shanghai-based Diamond Administration of China (DAC) total imports and exports of diamond plus turnover of the precious stone on the Shanghai Diamond Exchange (SDE) amounted to $610 million in 2006, up 44 percent from 2005. The total trading volume in 2007 is expected to increase by a further 50 percent to $900 million, seven times that of 2001 when the SDE was first established.
Tang Dengjie, vice mayor of Shanghai, said more work was needed establish Shanghai into an international diamond trading center in China.
DAC yesterday signed a cooperation memorandum with the Antwerp World Diamond Centre in a bid to broaden the scope of cooperation in the future. Antwerp center is one of the largest diamond-trading hubs in the world.
Sunday, November 25, 2007
Diamond Market Report 11/23/2007
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.
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
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