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Peregrine Completes Chidliak Purchase
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Peregrine Diamonds completed the purchase of BHP Billiton's 51 percent participating interest in the Chidliak diamond project in Baffin Island, Nunavut, Canada. The deal was first announced on December 20, 2011. The purchase gives Peregrine...
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Mining
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Feb 03, 2012
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Jeff Miller
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USPTO Assigns 'World's Brightest Diamond' Trademark
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The U.S. Patent & Trademark Office (USPTO) assigned the trademark "World's Brightest Diamond," registration number 4094862, to Embee Diamond Technologies Inc. of Canada. The trademark application was filed on October 6, 2011 and was registered on January 31, 2012. The application described that the World's...
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Financial-Legal
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Feb 03, 2012
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Jeff Miller
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Endiama Appoints New Board
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(RAPAPORT) Angola Press: The new board of directors of the state-run diamond company Endiama was sworn-in on Thursday, in Luanda, in a ceremony chaired by the minister of the economy, Abraão Gourgel, ANGOP witnessed the ceremony.The new board members are Carlos Sumbula, Endiama's chief executive, Paulo Mvika, Osvaldo...
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Mining
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Feb 03, 2012
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Angola Press Agency
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Christie's Jewelry Sales +41%
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Christie's reported sales of $5.7 billion (GBP 3.6 billion) for 2011, which represented a 9 percent year-on-year increase in British pounds. The auction house reports results in pounds so it recorded a jewelry sales increase of 35 percent, but by dollar...
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Financial-Legal
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Feb 03, 2012
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Jeff Miller
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D.E.F. Auction Underway at CharityBuzz
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The Diamond Empowerment Fund (D.E.F.) is hosting its signature online fundraising event, Diamonds Give, at charitybuzz.com and timed the auction to coincide with Valentine’s Day. Diamonds Give currently lists 15 items up for bid, including...
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Marketing
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Feb 03, 2012
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Jeff Miller
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Stornoway Initiates Construction of Renard Road Extension
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Stornoway Diamond initiated construction activity on the Route 167 Extension, the road development project that will provide year-round access to the Renard diamond project in Canada. Matt Manson, Stornoway's president, explained that this...
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Mining
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Feb 03, 2012
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Jeff Miller
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South India Jewellery Show Begins
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The sixth edition of the South India Jewellery Show (SIJS) kicked-off on Friday in Bangalore with light visitor traffic, but exhibitors were expecting activity to pick up over the weekend.''Being the first day, there isn’t...
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Retail
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Feb 03, 2012
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Dilipp S Nag
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Golawala Diamonds Presents New Web Design
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Press Release: Keeping in tune with our company principle of ensuring complete customer satisfaction through continual website upgrades, Golawala Diamonds is glad to present a very fresh, contemporary and sophisticated web experience at golawalas.com for our customers.The company's new website with its technological superiority will present...
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Manufacturing
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Feb 03, 2012
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Golawala Diamonds
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Counting Carats
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If one clear trend has evolved in the diamond market during the past six months, it is that businesses are more carefully managing their inventories, as expected given the prevailing global economic uncertainties. It is as true in the...
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Rough Markets
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Feb 03, 2012
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Avi Krawitz
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Market Comments 2/2/2012
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Far East diamond demand restrained but strong gold demand spurs jewelry sales during Chinese New Year. Belgian polished suppliers hold prices firm despite weak trade at Antwerp Diamond Fair. Rough premiums improve but confusion remains over DTC box values. Prices stable...
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Research
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Feb 02, 2012
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Rapaport
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Rapaport Diamond Industry Stock Tracker
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Rapaport Weekly Diamond Industry Stock Tracker: Feb. 3, 2012 Feb. 3Jan. 26Chng. $1 = Euro0.7600.7600.000 $1 = Rupee49.0350.11-1.1 $1 = Israel Shekel3.723.76-0.04
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Financial-Legal
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Feb 02, 2012
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Rapaport News
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Rapaport Weekly Indian Market Report
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Rapaport Weekly Indian Market Report - Feb. 3, 2012POLISHED:Overall local polished trading activity continues to remain weak due to lower demand. Buyers are adopting wait and see approach because of volatile exchange rate between dollar and rupee and uncertainty about prices. Round-1 point:Fair demand: $250-$500...
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Research
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Feb 02, 2012
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Rapaport News
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LVMH Sales +16% to $31B
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Revenue rose 16 percent year on year to $31.2 billion (EUR 23.7 billion) for luxury group LVMH during 2011 and profit jumped 22 percent to $7 billion (EUR 5.3 billion). Specifically for the watches and jewelry...
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Financial-Legal
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Feb 02, 2012
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Jeff Miller
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Zale Promotes Ken Brumfield to SVP
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Ken Brumfield has been appointed senior vice president of financial products for the Zale Corporation. He will be responsible for all customer financing, warranty, insurance and repair product offerings, and will to report to Matt...
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Financial-Legal
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Feb 02, 2012
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Ricci Dipshan
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Diamond Industry Shift to BDB Complex Well Under Way
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Press Release: The diamond industry shift to the Bharat Diamond Bourse (BDB) in Mumbai’s Bandra-Kurla Complex is well underway.Leading diamond manufacturer and DTC sightholder, Dharmanandan Diamonds, moved into its plush office, totaling over...
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Polished Markets
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Feb 02, 2012
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Bharat Diamond Bourse
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Polished Markets
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Feb 02, 2012
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Israel Diamond Institute Group of Companies
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Jewelry Spending Surveys Point Higher
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Download MP3 audio file.Surveys from American Express, Sears, and the National Retail Federation (NRF) point to strong jewelry sales leading up to Valentine's Day, February 14. According to NRF’s 2012 Valentine’s Day Consumer Intentions...
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Research
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Feb 01, 2012
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Rapaport News
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Jeweler Pleads Guilty to Money Laundering
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Richard Allen Kay, 39, of Zumbro Falls, Minnesota, pleaded guilty to charges stemming from conspiring to distribute more than 1,000 kilograms of marijuana, money laundering and transporting stolen gemstones. Federal prosecutors contended that, Kay,...
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Financial-Legal
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Feb 01, 2012
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Ricci Dipshan
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Diamond in the Rough Rebrands
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Jeweler Diamond in the Rough created a new corporate logo and relaunched their e-commerce website with several new features. One new function is a “buying guide” education section, which teaches consumers about the history...
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Retail
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Feb 01, 2012
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Ricci Dipshan
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