Rapaport Weekly Market Comment Aug. 24, 2012
First day of India’s IIJS show meets low expectations but market very concerned about prices. Next week’s De Beers DTC sight allocation reduced to about $500M with half the goods expected to be refused unless DTC reduces prices. Russians also reducing supply. Polished demand uncertain with supply manipulations by mining companies unlikely to increase polished price levels. BHP Billiton’s FY’12 diamond revenue -30% to $707M, EBIT -58% to $224M. Gem Diamonds 1H revenue -8% to $180M, net profit -51% to $25M. Signet Jewelers 2Q sales +7% to $854M, profit +7% to $71M. Anglo American completes Oppenheimer buyout of De Beers.
RapNet Data: Aug. 23
Diamonds 971,880
Value $6,126,166,859
Carats 1,037,683
Average Discount -27.64%
www.rapnet.com
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RAPAPORT ANNOUNCEMENTS
August
29
Wed
Rapaport Intl. Diamond Conference 2012
Mumbai, India
• Diamond Prices
• Diamonds as an Investment
• The Branding Opportunity
Registration is now open. Visit www.diamonds.net/idc for more details or call: +91-22-6627-2618
Aug-Sep
29-5
Wed-Wed
Rapaport Melee Auction
New York & Belgium
View details.
Aug-Sep
29-5
Wed-Wed
Rapaport Single Stone Auction
New York & Israel
View details.
QUOTE OF THE WEEK
Any stalemate in ndia Parliament is unfortunate. The opposition runs away from discussion of key issues and that is unhealthy. Due to partisan politics, reforms are getting delayed.
Anand Sharma | Indias Minister of Commerce & Industry
Careers@Rapaport
The Rapaport Group is growing rapidly. If you wish to work with the best and brightest, join us. We have great opportunities for trading managers, gemologists, sales assistants, and entry level positions for our offices in New York, Antwerp, Mumbai, Dubai, and Shanghai. View jobs now.
INDUSTRY
CNBC to Air The Diamond Rush
CNBC will debut "The Diamond Rush" on August 27, at 9 p.m. and 12 a.m. Eastern. This special report, hosted by anchorman Bob Pisani, follows the diamond pipeline from mine to market in a quest to reveal diamond investment appeal. Pisani travels to Africa to visit diamond mines and he attends the JCK Vegas show, where he meets up with Martin Rapaport, the chairman of the Rapaport Group. Next stop, he takes the viewer to New Yorks 47th Street to meet with traders at the Diamond Dealers Club.
Kothari Positions Role of Indian Design
WATCH NOW: Sanjay Kothari, the vice chairman of the Gem & Jewellery Export Promotion Council (GJEPC) discusses how the industry group is promoting India as an innovation and design destination for jewelry buyers. GJEPC hosted the third India International Jewellery Week (IIJW) at the Grand Hyatt in Mumbai. Participants include more than 32 leading designers and jewelry brands showcasing some of the most spectacular jewelry pieces made by Indian designers.
IIJS Opens With Fewer Visitors
The India International Jewellery Show (IIJS) 2012 opened with noticeably less traffic than previous years and buyers in attendance seemed focused on getting a feeling for prices. Exhibitors came to the show with low expectations as tight liquidity and high inflation has affected local consumer confidence. Overall, Exhibitors noted that there is good demand for G-H color, SI and lower clarity, clean-cut stones, and weak demand for for better quality stones. As the festival season in India has already started, diamond suppliers expect retailers to book orders for Diwali at the show.
RETAIL & WHOLESALE
Signet Profit +7%
Signet Jewelers reported that sales rose 7% year on year to $853.9 million for the second quarter that ended on July 28. Same-store sales climbed 7.1%; cost of sales increased 7.9% to $542.7 million and profit improved 6.6% to $70.7 million. U.S. division sales rose 9.2% to $701.9 million and same-store sales were up 8.2%, while U.K. division sales improved 1.4% at a constant exchange-rate and comparable-store sales rose 2.1%. Same-store sales increased at all of the groups brand stores, which include Kay, Jared, H.Samuel and Ernest Jones. However, gross margin fell to 36.4% from 37%, accounts receivable rose 13.8%, reflecting both higher sales and greater participation of in-house customer financing and inventory rose 9.1% to $1.3 billion, primarily the result of higher diamond and gold costs.
Classic Diamonds Posts a Loss
Classic Diamonds (India) Ltd. posted a loss of $1.2 million during its first fiscal quarter that ended on June 30, and sales slumped 95% year on year to $1.2 million. Expenditures declined 93% to $1.6 million. Classic Diamonds is in the process of negotiating capital and export funds with the banks.
Goenka Diamond Profit +80%
Goenka Diamond and Jewels Ltd. reported that group sales rose 24% year on year to $22 million and profit increased 80% to $1.6 million. Diamond business sales rose 57% to $19.3 million, however, sales at its jewelry segment declined 51% to $2.7 million.
Macaos Jewelry Sales Soar
Macaos Statistics and Census Service determined that the countrys second-quarter retail sales rose 30% year on year to $1.6 billion for the three months that ended on June 30. Sales of jewelry, watches and clocks performed extremely well, surging 64% year on year to $513 million. The government observed that value of retail sales for the second quarter decreased by 3% compared with the first quarter.
Gitanjali Acquires Stake in Verite
Gitanjali Gems acquired a 15.3% stake in Verite Co. Ltd., a Japan-based jewelry retailer, for an undisclosed amount. The deal was made through Gitanjali’s Hong Kong-based subsidiary, Aston Luxury Group Ltd. Verite operates a network of 101 jewelry retail stores in Japan. In India, Gitanjali unveiled a number of new brands and collections at the India International Jewellery Show (IIJS), which will run through August 27.
New brands include Envi, Moira, True Platinum and Karina. Envi by Gitanjali and Gemfields is a collection of emerald jewelry, while Moira is the combination of pearls and natural diamonds. Karina is a delicate mix of precious rubies and exquisite diamonds and the collection also includes emerald and diamond jewelry. True Platinum is a diamond studded range with collections that include work wear, love bands, a wedding collection, platinum bars and coins.
H Boutique Opens in Eugene
The H Boutique will open on August 23 in the Inn at the 5th in Eugene, Oregon. This boutique concept was integrated with the hotel to redefine the way people shop for jewelry and also offers concierge-style shopping, in-room delivery and personal styling. Store features and services include hot and cold beverages from local business partners, make-up touch-ups by in-house stylists, jewelry cleaning and the citys largest assortment of timepieces, according to the owners.
Directors Weigh Taking LJ Private
LJ International Inc. formed a special committee of disinterested directors to consider a non-binding proposal to take the company private. The board appointed independent directors, Xiang Xiong Deng, Jin Wang and Jieyun Yu, to consider a bid from Yu Chuan Yih, the companys president along with Urban Prosperity Holdings Limited, to acquire all of the outstanding ordinary shares not currently owned by Yih for $2 per share.
Mouawad, Premier Gem Form Supply Alliance
The Mouawad Group and Premier Gem Corporation created a joint venture, the Premier Diamond Alliance, in an effort to integrate the supply chain and provide a secure and consistent supply of high-quality diamonds to the luxury retailer. Mouawad also recently opened its new flagship boutique at Jameel Square in Jeddah, Saudi Arabia, which encompasses 700-square-meters, was designed in the gray and gold colors of the Mouawad brand image, and includes a private viewing room.
GIA to Open Lab in Israel
The Gemological Institute of America (GIA) is on track to open a laboratory in the Israel Diamond Exchange in early September. The new facility will provide on-site lab services, including GIA diamond grading reports, diamond dossiers and related services. The Ramat Gan laboratory will be GIA’s eighth such global facility and the sixth located outside of the U.S.
Art of Jewellery Launches Hindi Version
Bangalore-based AOJ Media Pvt Ltd, which is the publisher of The Art of Jewellery, India’s No. 1 jewelry magazine for the past 11 years launched a Hindi version in effort to reach a wider audience, especially in the tier II and tier III cities of India, particularly north and central India. The Art of Jewellery (English) magazine is now in its eleventh year of publishing and is considered to be the leading source of information for the gems and jewelry sector.
MINING
Anglo Completes De Beers Acquisition
Anglo American completed its acquisition of an additional 40% stake in De Beers for $5.2 billion from CHL, representing the Oppenheimer familys interests. Anglo Americans share in De Beers rose to 85%. Under the terms of the agreement with CHL, originally announced in November 2011, Anglo American paid cash, comprised of the agreed-upon purchase price of $5.1 billion, plus a number of adjustments provided for under the agreement.
Gem Diamonds Profit -51%
Gem Diamonds reported revenue fell 8% year on year to $180.2 million in the first half of 2012 as rough diamond demand softened. Profit slumped 51% to $24.9 million. Rough prices fell 30% in the fourth quarter of 2011 but they stabilized during the first three months of 2012 before declining again in May. Steeper price declines were observed for smaller, lower-quality production, while prices for the larger, high-end goods were mostly unaffected during the period.
BHP Diamond Revenue -30%
BHP Billiton reported that revenue from its diamond operations fell 30% year on year to $707 million during the fiscal year that ended on June 30. Underlying earnings before interest and tax (EBIT) declined 58% to $224 million. Production at Ekati fell 29% to 1.784 million carats.
Gemfields Production -36%
Gemfields plc reported production of emerald and beryl for the fiscal year that ended on June 30 fell 36% year on year to 21.1 million carats. Operating costs rose approximately 12% to $15.7 million. Gemfields recorded $36.7 million in cash on hand and outstanding debt of $2.9 million at the close of its fiscal year. Despite a slightly reduced demand for lower-quality goods at its Jaipur auction in June, demand for ethical emeralds continues to remain firm across all major markets.
Lonrho Recovers 131.50ct. Diamond
Lonrho Mining Ltd. recovered a 131.50-carat gem-quality diamond and a 38.30-carat rough stone from its Lulo concession in Angola. Both were recovered from bulk sampling, with the largest diamond being the biggest rough diamond ever recovered by Lonrho at this property. The 38.30-carat stone was its third biggest recovery so far.
Diavik Mines Value Near $3B
Harry Winston Diamond Corporation updated its life-of-mine plan for the Diavik diamond mine for the period extending through 2023. Development of the underground mine the past two years has provided better understanding of future production levels, the best mining methodology and clarity on cost structures, according to the firm. Harry Winston holds a 40% stake in Diavik and Rio Tinto owns a 60% share.
Using a real discount rate of 7% and a rough diamond price increase of 2% per annum, the updated assessment provides a net present value (NPV) of approximately $2.6 billion for the Diavik diamond mine for all reserves and resources, or approximately $2.1 billion for only proven and probable reserves. The plan estimated that rough diamonds recovered would total approximately 78 million carats, cash inflow from the sales of diamonds totaled $13.5 billion and revenue less costs was $4.3 billion. The Diavik diamond mine has been in production since 2003 and as of December 2011 it had produced approximately 69 million carats of diamonds.
Shear Delivers Rough Parcel to Tache
Shear Minerals delivered 22,289.39 carats of rough diamonds to Taché Company N.V. from the explorers Jericho diamond mine stockpile; however, on August 20 Shear halted the recovery process in order to make equipment repairs. Shear anticipates normal production will resume in about three weeks and it intends to deliver another parcel of rough diamonds to Taché at that time. In other news, Shear appointed Manuel Rappaport to its board of directors. Rappaport is a financial and operational consultant for Taché and the director of Banyan Consulting.
ECONWATCH
Diamond Industry Stock Report
U.S. retail stocks were mixed with Blue Nile (+7%), Sothebys (-4%) and Birks & Mayors (-2%) the biggest movers. European shares were mostly lower except for Theo Fennell (+5%) while Indian shares rose for C.Mahendra (+15%), Su-Raj (+10%) and Vaibhav (+19%). Diamond-mining shares were under pressure except for Lucara (+9%), Peregrine (+14%) and True North (+20%). Read the extended industry stock report for this past week.
Aug. 23 Aug. 16 Chng.
$1 = Euro 0.790 0.801 -0.011
$1 = Rupee 55.27 55.78 -0.5
$1 = Israel Shekel 4.02 4.03 -0.01
$1 = Rand 8.32 8.20 0.12
$1 = Canadian Dollar 0.99 0.99 0.00
Precious Metals
Gold $1,670.30 $1,615.30 $55.00
Platinum $1,535.00 $1,439.00 $96.00
Stock Indexes Chng.
BSE 17,850.22 17,657.21 193.01 1.1%
Dow Jones 13,057.46 13,250.11 -192.65 -1.5%
FTSE 5,776.60 5,834.51 -57.91 -1.0%
Hang Seng 20,132.24 19,962.95 169.29 0.8%
S&P 500 1,402.08 1,415.52 -13.44 -0.9%
Yahoo! Jewelry 968.34 963.33 5.01 0.5%
Múdry sa teší objaveniu pravdy, hlupák falošnosti.
Rychle se zbav svých diamantových zásob a reinvestuj do zlata, obrazů či starožitností😋 :
http://zpravy.ihned.cz/svet-rusko/c1-57550410-sibirsky-krater-ukryva-naleziste-diamantu-muze-zasobit-lidstvo-na-tri-tisice-let
Múdry sa teší objaveniu pravdy, hlupák falošnosti.
Rapaport Weekly Market Comment Sept. 21, 2012
Hong Kong show begins with steady but selective Far East demand for inexpensive lower-quality diamonds. Sales better than expected but price sensitive Chinese buyers still not buying for inventory. Rising concerns about polished shortages as Indian manufacturing remains below capacity. DTC expects small October sight. ALROSA 1H rough diamond sales +11% to $2.4B, production -15% to 16.4M Cts.
RapNet Data: Sept. 20
Diamonds 995,471
Value $6,127,601,927
Carats 1,063,038
Average Discount -27.81%
www.rapnet.com
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RAPAPORT ANNOUNCEMENTS
The Rapaport Group wishes all of our friends and clients a happy, healthy, prosperous and peaceful Jewish New Year.
Our offices will be closed for the following Jewish holidays:
Yom Kippur: September 26
Sukkoth: October 1-2, and 8-9
With best wishes for the new year,
The Rapaport Group
September
19-23
Wed-Sun
Rapaport Melee Auction in Hong Kong
Offering over 47,000 carats (328 lots) of recycled polished diamonds.
Diamond assortments being sold at good prices.
Excellent buying opportunities.
Regal Airport Hotel, 9 Cheong Tat Road
Hong Kong Intl Airport, Chek Lap Kok
Berlin Suite, Basement Level
Register Now
email: auctions@diamonds.net
September
21
Fri
Mordy Rapaport Hong Kong Presentation
Asia-World Expo, Room 201, Level 2
State of the Diamond Industry
2:30 p.m. - 4 p.m.
Topics: Primary forces impacting diamond prices and markets, analysis of price trends and socio-economic and political forces impacting diamond demand and supply; branding; synthetics/treatments and social responsibility.
RapNet Trading Network - Saville Stern
4 p.m. - 4:30 p.m.
How to Do Business in China - Julius Zheng
4:30 p.m. - 5 p.m.
These presentations are open and free to all.
Register now!
Visit the Rapaport Booth at Hall 7 # K32
QUOTE OF THE WEEK
Gitanjali had an overwhelming response from consumers after the launch of our second [gold and diamond jewelry dispensing] kiosk at Siddhivinayak Temple. Devotees flock to Lal Baugcha Raja in huge numbers every Ganeshotsav. The vending machine launched here dispenses gold and silver coins with Lal Baugcha Raja embossed on it.
Vijay Shanker | Gitanjali Lifestyle
Careers@Rapaport
The Rapaport Group is growing rapidly. If you wish to work with the best and brightest, join us. We have great opportunities for trading managers, gemologists, sales assistants, and entry level positions for our offices in New York, Antwerp, Mumbai, Dubai, and Shanghai. View jobs now.
INDUSTRY
Conservative Demand at Hong Kong Show
Polished diamond suppliers reported average sales on the first two days of the Hong Kong Jewellery & Gem Fair, which opened on Wednesday. After a quiet first day, trading improved on Thursday with buyers focused on specific, commercial-quality goods. Buyers have been price shopping and prices are generally holding firm -- at least for the popular items. Demand has been strong for G-I color, SI and lower and VS2-SI2 clarity, while better-quality IF-VS remain difficult to sell. Inventory is high for VVS+ goods but there are shortages of supplies in the VS2- categories in large part due to weakened manufacturing levels.
Value of Gold ETFs Increase for India
The value of India’s gold exchange-traded funds (ETFs) rose 41% year on year to $1.93 billion as of August 31, as net inflows increased for the second consecutive month. Gold ETFs experienced inflows of $16 million in August, following a net inflow of $17.2 million in July. Gold ETFs recorded an outflow of $41 million in June. The number of gold ETFs in India has increased to 14 since the product was first launched in early 2007. An ETF is generally comprised of a basket of securities, which provide broad exposure to the market. An ETF is traded on the stock exchange. Industry officials noted that jewelry retailers are also expected to buy gold to fulfill their immediate requirements in the ongoing festival season.
Fluor Upgrades Jwaneng; Gallup Warns of Political Games
WATCH NOW: Fluor Corporation completed its infrastructure and plant upgrades for Debswanas Jwaneng Cut-8 expansion project in Botswana. Gallup advised small businesses in the U.S. to prepare for a worst case scenario, i.e. recession, in 2013. The group warned that the political economy, created by the upcoming November election cycle coupled with the so-called looming fiscal cliff, was likely to result in little if any government action to solve pressing financial problems, improve economic activity and/or keep consumer confidence from plunging.
RETAIL & WHOLESALE
Jewelry CPI -1%
The U.S. consumer price index (CPI) for jewelry fell 1.4% year on year in August to 177.1 points. While the index measured its highest level since March, still, it registered a second consecutive monthly year-on-year decline. Nonetheless, the CPI remains at historically high levels and Augusts reading marked 20 consecutive months with a reading of more than 170 points.
Jewelry Stores Sales +1%
U.S. jewelry store sales rose 0.6% year on year to $1.998 billion in July 2012. While the sales increase was mediocre at best, considering the tough retail environment, at least jewelry price inflation for July was lower, falling 3% year on year. Jewelry store sales so far this year have improved 4.3% to $15.4 billion, while the average CPI for jewelry is up 2% to 178.1 points. Looking at the broader retail environment, the U.S. reported August retail sales in which department store sales rose 2.7% year on year to $15.2 billion. All retail and food services sales in August jumped 4.7% to $406.7 billion, with healthy increases in sales from automobile dealers and non-store retailers. Retail trade sales rose 4.4% from August 2011.
Macys Expands in Las Vegas
Macys will build a two-level, 180,000-square-foot store in Shops at Summerlin, a new shopping venue in west Las Vegas, Nevada, being developed by The Howard Hughes Corporation. This will be Macys first new full-line store to be built in the Las Vegas market since 1996 and it will include fashions and accessories for women, men, children and home. This location is expected to open in the fourth quarter of 2014 and become the anchor store for Shops at Summerlin, a 1.5 million-square-foot development. Macys will soon expand its presence in the Fashion Show Mall on South Las Vegas Boulevard with a new two-level, 105,000-square-foot Macys Mens Store to open in spring 2013. Today, Macys operates a full-line store there with 201,000 square feet of space. After the mens department is moved to the new store, located across the malls corridor, the current main store will be significantly remodeled by fall 2013 primarily to increase selling space for womens accessories, including handbags, shoes, fashion jewelry and fine jewelry.
TBZ Opens in Kolkata
Tribhovandas Bhimji Zaveri Ltd. (TBZ) expanded its operations into eastern India by opening two stores in Kolkata. TBZ is maintaining the momentum of its aggressive retail expansion across key marketplaces, according to Shrikant Zaveri, the chairman of TBZ. In the past six months, TBZ opened three showrooms in the cities of Pune, Mumbai, and Vadodara. The company now has 18 showrooms in 11 cities across India.
Gitanjali Adds Third Vending Kiosk
Gitanjali Group launched its third jewelry vending machine at Mumbai’s most popular and most visited Ganpati – Lal Baugcha Raja by partnering with Lal Baugcha Raja Ganeshotsav Mandal. Sudhir Salvi, the secretary of Lal Baugcha Raja Ganeshotsav Mandal and actress Sayali Bhagat unveiled the vending machine, which dispenses gold and diamond jewelry.
Kama Jewellery Adds to Collections
Kama Jewellery, the retail segment of Kama Schachter, launched a new assortment of gold and diamond studded Ganesha -- the God of wisdom, prosperity and good fortune -- pendants for devotes all over India. Ganesh Chaturthi, also known as Vinayak Chaturthi, is celebrated by Hindus around the world as the birthday of Lord Ganesha. The Kama Jewellery collection offers a range of diamond jewelry in gold and platinum, with rings, earrings, pendant, bangles, bracelets and necklaces for prices of $185 to $1,852.
88 Rue du Rhone Unveils Diamond Watch
Watch brand 88 Rue du Rhone unveiled its Double 8 Origin Lucky Lady Diamond timepiece. Lucky Lady features a steel 35mm case, coated in extra resistant black PVD and an alligator-style leather strap. The face is accented by the number "88" in a delicate pattern reminiscent of fine lace. At the outer edge of the motif, the company added 10 Wesselton diamonds to punctuate the hours, nesting delicately in the 8s outline. An extra special jewel rests playfully on top of the only numeral index, positioned at 8 oclock, as a signature and a reminder of the luck that this number brings.
Seiko Launches XNY Watches
The Seiko Corporation of America launched its newest watch brand, XNY™, which it says was influenced by a fusion of what both fashion and cultural independence represent. XNY watches capture youthful energy, artistic diversity and the powerful strength of New York City, according to the brand. XNY is being introduced exclusively at Macys nationwide with prices ranging from $120 to $220.
Gems Cube Planned for Shenzhen
The Gems Cube Jewelry & Jade Creative Cultural Park, known as Gems Cube, is a jewelry and cultural complex that is due to open in Shenzhen, China in May 2013. Gems Cube was developed by the Shenzhen MKH Group under the guidance of the local Bao’an government in order to support Shenzhen’s growing importance as an international gem and jewelry hub. Facilities include a jewelry and cultural exhibition hall, creative research and development building, jewelry identification center and the Gems Cube Hotel.
MINING
ALROSA Lowers Guidance
ALROSAs interim management report for the first half of 2012 recorded rough diamond sales of $2.4 billion, up from about $2.16 billion one year ago. However, the companys executive committee stated today that rough demand began to slump in March and this trend continued well into August due to a number of macroeconomic and intrasectoral factors. Therefore, ALROSA has lowered guidance for the year and expects group sales to reach about $4.5 billion in 2012, or on par with 2011. Rough diamond output by the ALROSA group of companies in the first six months of 2012 came to about 16.4 million carats, down from about 19.3 million carats one year ago.
Sierra Leones 1H Exports +3% to $69M
Sierra Leones rough diamond exports for the first half of 2012 rose 3% year on year to $69.4 million, according to the countrys Central Bank. The volume of gem-quality diamond exports for the first six months of 2012 jumped 21% to 147,900 carats. In total, Sierra Leone exported 212,700 carats of rough stones during the period, an increase of 1% from one year ago.
Namakwa Tender Nets $7M
Namakwa Diamonds recent sale of rough diamonds from its Kao diamond mine in Lesotho achieved $6.8 million with all 75 lots offered sold. The company sold a total of 25,210 carats at an average price of $269 per carat. Namakwa has sold 112,221 carats from the Kao mines production in the past nine tenders since January 2012, generating $31.4 million in revenue.
Lucara Tender Nets $2M
Lucara Diamond Corporation sold 4,657 carats of rough diamonds from its Mothae diamond mine for $1.51 million, yielding an average price of $324 per carat. The diamond sale consisted of 32 parcels of which 26 were sold at Bonas-Couzyn in Antwerp. The highest value stone sold was a 9.74-carat, type IIA diamond, which achieved a price of $272,720 or $28,000 per carat. Two weeks ago, Lucaras third sale of Karowe rough diamonds fetched $13.4 million and all 48 lots offered sold.
ECONWATCH
Diamond Industry Stock Report
U.S. retail stocks had a difficult week except for Birks & Mayors (+4%), Signet (+1%) and Zale (+6%), while Chinese and European shares all experienced moderate gains. Indian as well as diamond-mining stocks were mixed. Read the extended industry stock report for this past week.
Sept. 20 Sept. 13 Chng.
$1 = Euro 0.773 0.769 0.004
$1 = Rupee 54.33 55.30 -1.0
$1 = Israel Shekel 3.90 3.94 -0.04
$1 = Rand 8.30 8.23 0.07
$1 = Canadian Dollar 0.98 0.97 0.01
Precious Metals
Gold $1,769.50 $1,765.60 $3.90
Platinum $1,631.00 $1,681.00 -$50.00
Stock Indexes Chng.
BSE 18,349.25 18,021.16 328.09 1.8%
Dow Jones 13,596.93 13,539.86 57.07 0.4%
FTSE 5,854.64 5,819.92 34.72 0.6%
Hang Seng 20,590.92 20,247.63 343.29 1.7%
S&P 500 1,460.26 1,459.99 0.27 0.0%
Yahoo! Jewelry 985.99 976.63 9.36 1.0
Múdry sa teší objaveniu pravdy, hlupák falošnosti.
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September 20th, 2012
Industry News
TOP STORIES
JCK online: New Company Producing Colorless Synthetic Diamonds
Yet another company plans to start producing colorless, lab-grown synthetic diamonds-except this one claims its stones are bigger and of better quality than others on the market.Washington Diamonds...
National Jeweler: New lab-grown diamond co. launches in US
Washington, D.C.--A new company called Washington Diamonds Corp. announced recently that it will begin selling loose, colorless synthetic diamonds online in December or January. The stones will be grown in a facility located just outside of Washington, D.C., using the chemical vapor deposition (CVD) process.
Russia reveals shiny state secret: Its awash in diamonds
Trillions of carats lie below a 35-million-year-old, 62-mile diameter asteroid crater in eastern Siberia known as Popigai Astroblem. The Russians have known about the site since the 1970s.
JCK online: Designer Does Not Own Van Cleef Creations, Court Rules
Van Cleef & Arpels has won an intellectual property case in a Paris court against a former employee who claimed he owned the designs he created, according to reports in the Financial Times and...
TRADE SHOW EVENTS
HKTDC - September 2012 Show
September 21-25, 2012
HK Convention & Exhibition Centerr
Miami Beach Antique Jewelry & Watch Show
October 5-7, 2012
Miami Beach Convention Center, Miami, FL
Portland Jewelry Symposium
October 21-22, 2012
The Governor Hotel Portland, Oregon
JA New York - Special Delivery
October 28-30, 2012
Javits Convention Center, NY, NY
JA Chicago - Special Delivery
November 4-5, 2012
Múdry sa teší objaveniu pravdy, hlupák falošnosti.
Processed coin catalogs 4.152 Auctions / 35.000 Lots
Všetko o bankovkách www.mojazbierka.sk :)
Sent from my ZX Spectrum
Veľké diamanty sú surovina ? Som myslel, že práve malé ako napr. hlavice do vrtných súprav.
Jeden človek mi hovoril, že s veľkými diamantami je problém pri obchodovaní. Teda, aby som bol presný - problém je nájsť kupcu. Preto sa veľké diamanty väčšinou rozrežú na menšie kusy, aby boli predajné. Trošku ma šokoval systém predaja na Slovensku, keď ma oslovili dve viac-menej ženy v domácnosti a chceli mi predať diamant. No je to celkom komédia 😆
Processed coin catalogs 4.152 Auctions / 35.000 Lots
Všetko o bankovkách www.mojazbierka.sk :)
Sent from my ZX Spectrum
Pro vkládání příspěvků se musíte přihlásit.
