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Date |
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12/09/05 |
NewsBrief |
Big Single-sale Rivalry Heats Up Online for Holidays '05
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According to online diamond retailer Blue Nile Inc., the company says its individual transactions of $20,000 or more have increased 72 percent in 2005.
Twenty-percent of Blue Nile revenues come from purchases of more than $15,000 the company reports. Blue Nile announced ... 
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12/09/05 |
NewsBrief |
Whitehall 3Q05 Sales -7% to $59M, Loss Set at $43M
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Sales at Whitehall Jewellers slid 7 percent to $58.9 million during the company's third quarter of fiscal year 2005. Whitehall's net loss grew from $8.3 million to $43 million for the quarter, which ended October 31, 2005.
Year-to-date Whitehall sales fell 5 percent ...
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12/09/05 |
NewsBrief |
France Proposes Embargo on Diamonds from Ivory Coast
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France proposed a diamond embargo on the Ivory Coast (Cote d'Ivoire) to the United Nations Security Council following ongoing evidence that diamonds are being used to buy weapons. The Security Council is set to vote on the measure in mid-December.
If the Security Council ...
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12/09/05 |
NewsBrief |
Typosquatting Diamond Website Ends in Lawsuit
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Illinois' attorney general, Lisa Madigan, sued a Chicago-based jewelry store for typosquatting -- a term defined as intentional copycatting a website address to lure business away from competitors.
Madigan says the jeweler was deceiving online shoppers with a redirect ...
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12/09/05 |
Article |
Israel Firm Expands Marketing Services Reach into India
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In its second alliance across Asia in two weeks, Market Direct Business Communications Ltd., an Israel-based jewelry media and communications consultant, announced a partnership with Mumbai-based Karsin Communications & Media Ltd.
The move is part of Market Direct's ...
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12/09/05 |
NewsBrief |
AGS Labs to Present New Cut Grade System in Asia
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The American Gem Society (AGS) Laboratories plans to offer an educational seminar on its new cut grading system at the Hong Kong International Jewellery and Watch Show on January 16, 2006.
Peter Yantzer, executive director of AGS Labs will lead the session, marking ...
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12/08/05 |
NewsBrief |
Weekly Comments 12/9/2005
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U.S. dealer markets steady but slow for holiday season. Large 3ct+ strong. Independents doing well with bridal. Israel Nov. polished exports up +9% to $730 million and rough imports up +27% to $461 million. Japan Oct. polished imports flat at $110 million. Friedman's plans to close 51 stores and emerge ...
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12/08/05 |
NewsBrief |
Antwerp Court Rejects BVGD's Suit Against HRD
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An Antwerp Summary Court judge rejected today a lawsuit filed by the Belgian Association of Polished Diamond Dealers (BVGD) against the Association of Rough Diamond Dealers (VHRD) and the Diamond High Council (HRD.) The BVGD had urged the court nullify appointments to ...
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12/08/05 |
NewsBrief |
Inflation Pressure Shows on Jewelry for Christmas '05
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International accounting firm Ernst & Young reported inflation pressure hit the jewelry segment in its annual Holiday Market Basket after nearly a 2 percent decline in prices during 2004. Jewelry rose 0.6 percent for the holiday season 2005.
However, the jewelry segment ...
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12/08/05 |
NewsBrief |
DMIA Annual Party Dec. 19
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The Diamond Manufacturers and Importers of America (DMIA) in New York City remind members to RSVP for its annual year-end celebration on December 19, 2005.
The executive board of the DMIA invites all members to a cocktail party beginning at 6 p.m. at the Shaan of India ...
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12/08/05 |
NewsBrief |
Whitehall to Respond to Newcastle Bid by Dec. 16
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Whitehall Jewellers Inc. is reviewing the 'unsolicited' tender offer made earlier this week by its largest shareholder, Newcastle Partners, to purchase all of the jeweler’s outstanding shares at $1.20 per share.
By December 16, Whitehall’s board of directors will inform ...
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12/08/05 |
NewsBrief |
ALROSA, Kristall Delegation Visits Dubai for Talks
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A joint delegation from Russia’s state-owned mining company, ALROSA, and Kristall Corp. is in Dubai for a three day series of meetings with the region’s leading diamond industry figures, ALROSA said in a press release on December 5.
The delegation, headed by ALROSA ...
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12/08/05 |
NewsBrief |
BHP Names New Senior Management Positions
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BHP Billiton has named Mike Salamon the company’s new executive president, effective January 1, 2006. Salaman, currently group president with responsibility for the non-ferrous businesses, will assume responsibility for marketing, strategy, business development, exploration ...
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12/08/05 |
NewsBrief |
Rio Tinto To Invest in Argyle Diamond Mine
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Mining giant Rio Tinto will develop a $760 million underground project at its wholly owned Argyle diamond mine in the Kimberley region of Western Australia, the company said in a press release on December 8.
An additional $150 million will be spent on a related open ...
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12/08/05 |
NewsBrief |
Merlin's Yellow Diamonds Achieve $1,454 Per Ct.
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The yellow diamonds recovered from North Australia Diamond Limited’s (NADL) Merlin mine were valuated at an average price of $1,454 per carat, with the most valuable ‘fancy yellow’ diamond being valued at $4,500 per carat, said the company in a press release on December ...
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12/07/05 |
NewsBrief |
Feud Hits Appointee for 'African Jewellery City'
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Opposing political parties in South Africa are calling for an investigation into the appointment of Thabo Mokwena as project manager of the new African Jewellery City project.
Mokwena, former adviser to the minister of minerals and energy affairs, was named project ...
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12/07/05 |
Article |
Emeralds, Diamonds from Canada Adorn $11K Necklace
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It is being called the first necklace made from emeralds (and diamonds) mined in Canada. True North Gems Inc., donated the 18 karat yellow gold and 19 karat white gold necklace containing 3.46 carats of emeralds and 1.9 carats of diamonds to a charity auction at the British ...
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12/07/05 |
NewsBrief |
Gitanjali Digico to Launch Giantti Brand in India
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The Gitanjali Digico Group of India said it plans to open 100 Giantti stores, which would carry the group's own brand of lifestyle jewelry. Store openings will be spaced out into year-end 2008.
Gitanjali Digico was established in 1966 and is a Diamond Trading Company ...
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12/07/05 |
NewsBrief |
Su-Raj Profits +28%
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India-based Su-Raj Diamonds and Jewellery reports profits rose 28 percent to Rs8.67 crore during its second quarter of 2005 (June through September.) Sales rose 18 percent to Rs283.08 crore, the company attributed sales growth to Diwali, Ramzan, and pre-Christmas festivals. ...
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12/07/05 |
NewsBrief |
Hong Kong Oct. Jewelry Sales -4%, Retail +5%
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Jewelry sales in Hong Kong slipped 3.9 percent in October after a 1.4 percent increase in September, according to the Census and Statistics Department. The sales decline was marked by drops across many luxury categories as well in Hong Kong including drops in automobile ...
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