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The Kingswood Co. Announces Three Years of Double-Digit Growth Rates
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Press Release: The Kingswood Company, the industry’s leading supplier of private-label fine jewelry care products, has announced that in 2012 the company saw a third straight year of average annual growth of 20 percent. Kingswood opened over 100 new accounts during the year, accounting for more...
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Marketing
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Apr 26, 2013
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Kingswood Co.
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Antwerp Organizes a Polishing Course for September
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Antwerp has organized a free diamond polishing course in September to meet increased skill demand. Many of the current polishers are nearing retirement age and over the next two years there will be 55 vacancies, which...
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Technology
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Jun 13, 2012
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Jeff Miller
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Ghana's PMMC Opens New Diamond Cutting Facility
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The Precious Minerals Marketing Company (PMMC) in Ghana inaugurated its new diamond cutting and processing plant in Accra. The facility will initially employ 40, but the company expects to increase the number to 400...
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Manufacturing
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Feb 29, 2012
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Jeff Miller
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Manufacturing
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Aug 16, 2011
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Jeff Miller
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Nu Diamond Opens Second Factory
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Nu Diamond, one of Namibia’s few diamond companies with rights to buy diamonds from the Namibian Diamond Trading Company, opened a second factory in Windhoek on October 7. Its first factory has more than 200 diamond cutters and polishers as employees. Sackey Nujoma, Nu Diamond’s director, said that the...
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Mining
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Oct 13, 2010
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Denise Romano
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ALROSA's 1H10 Production -5% to 17M Cts.
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Preliminary results for first-half production at ALROSA suggested that the diamond mining company produced nearly 17 million carats of rough during the first six months of 2010, which was 5 percent less than one year ago. First-quarter production totaled 8.6 million carats, followed by 8 million carats...
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Mining
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Jul 09, 2010
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Jeff Miller
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New Rio Tinto Publication Highlights Pink Diamonds
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Press Release: Rio Tinto today announced the launch of its new publication, Rare and Collectable, which focuses on the unique market position occupied by the rare pink diamonds from Rio Tinto’s Argyle Diamond Mine. Timed to coincide with the 26th Argyle Pink Diamonds Tender,...
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Mining
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Jul 05, 2010
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Rio Tinto
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Moving onto the Global Stage
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Jewelry buying in India is undergoing a gradual change. Consumers are no longer shying away from investing in diamond and gold jewelry, despite the price increases. The situation was not the same a year ago, when the purchase of jewelry was on no one’s agenda because of high prices. What...
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Polished Markets
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Jul 01, 2010
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Zainab S. Kazi
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Rosy Blue Achieves a Number of CSR Goals
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Rosy Blue published its second annual corporate social responsibility (CSR) report in which the company's chief executive Baron Dilip Mehta said that in the diamond business, one cannot earn profits without first earning the trust of each and every stakeholder. "Diamonds are more...
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Manufacturing
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Jun 18, 2010
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Jeff Miller
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Rough Markets
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Jun 17, 2010
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Rapaport
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Crossworks Expands Operations in Ontario
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Diamond polishing firm Crossworks Manufacturing doubled its size and added automatic polishing equipment at its facilities in Sudbury in Ontario, Canada. The equipment ensures that the efficiencies available through technology will enhance the development of a secondary diamond industry in Ontario.Crossworks, a Diamond Trading Company (DTC) sightholder...
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Manufacturing
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Jun 15, 2010
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Jeff Miller
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PAC Calls on the KP to Suspend Zimbabwe
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Partnership Africa Canada (PAC) has called upon the Kimberley Process (KP) to suspend Zimbabwe from its certification scheme before the KP meeting to be held in Tel Aviv later this month.“The Zimbabwe authorities have been given ample opportunity to demilitarize and legitimize its diamond industry, to respect...
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Rough Markets
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Jun 14, 2010
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Avi Krawitz
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Africa’s Legacy
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Not since Nelson Mandela’s release from prison has the world been so focused on Africa. This week, the World Cup soccer tournament — often dubbed “the greatest show on earth” — kicks off at Soweto’s Soccer City. After an almost decade-long build up, we now have assurances that...
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Mining
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Jun 10, 2010
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Avi Krawitz
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Botswana's Diamond Exports +36% in April
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Botswana’s polished and rough diamond exports rose 36 percent year over year to $233.6 million for the month of April, the Bank of Botswana (BoB) reported. The bank had reported exports of $171.2 million for April 2009. The data showed that first-quarter diamond exports grew...
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Rough Markets
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Jun 06, 2010
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Avi Krawitz
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Zale Secures Loan From Golden Gate
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Zale Corporation obtained a new $150 million, five-year, senior-secured-term loan from Golden Gate Capital. The private equity firm plans to utilize the interest and fees that accrue on the loan and warrants to purchase common stock aggregating a 25 percent equity interest in Zale on a fully diluted basis....
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Retail
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Jun 01, 2010
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Rapaport
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Mining
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May 27, 2010
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Rapaport
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Diamond News Broadcast
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Zale's revenue dropped by single digits for third fiscal quarter and it continued to operate at a loss. U.S. chain-store sales this past week certainly turned softer than they've been, and year to year comparisons will be getting tighter from this point forward. The Conference Board found...
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Manufacturing
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May 26, 2010
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Rapaport News
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RJC Expands Scope to Include Platinum Metals
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Press Release: The Responsible Jewellery Council (RJC) held its Annual General Meeting (AGM) in London on Tuesday, May 18, 2010. In addition to passing key resolutions, the council expanded the scope of its certification system to include platinum group metals.All of the resolutions proposed at the AGM were...
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Gemstones
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May 26, 2010
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Responsible Jewellery Council
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Namibian President Asks De Beers to Move Aggregation to Botswana
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Namibian President Hifikepunye Pohamba called for De Beers to move its aggregation activities from London to Gaborone to help strengthen southern Africa’s status as a diamond hub.Pohamba said the move would also assist in the integration of the Southern African Development Community (SADC) economies, the Botswana Press Agency...
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Manufacturing
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May 16, 2010
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Avi Krawitz
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Mining
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May 13, 2010
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Rapaport
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