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Winsome Diamonds' 4Q Revenue +9% But Loss Mounts
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Winsome Diamonds and Jewellery Limited reported revenue from operations rose 8.5 percent year on year to $350 million (INR 19.2 billion) for the fourth fiscal quarter that ended on March 31. However, the company recorded a loss of $15.3 million (INR 840 million) down from...
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Manufacturing
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May 17, 2013
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Jeff Miller
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U.S. Jewelry Price Inflation -1% in April
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The U.S. consumer price index (CPI) for jewelry eased again in April, falling 1.2 percent year on year to 174.96 points in response to weaker prices for precious metals. The CPI was a little more than...
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Research
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May 17, 2013
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Jeff Miller
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JCPenney's 1Q Sales -16%, Loss Jumps to $348M
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J.C. Penney Company Inc. reported sales plummeted 16.4 percent year on year to $2.64 billion for the first fiscal quarter that ended on May 4. Same-store sales dropped 16.6 percent. The retailer reported a loss...
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Financial-Legal
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May 17, 2013
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Jeff Miller
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DGSE's Revenue -7%, Profit -40%
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DGSE Companies reported that revenue fell 7 percent year on year to $30.5 million and profit plunged 40 percent to $300,412 for the first quarter that ended on March 31. While the company experienced revenue increases...
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Financial-Legal
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May 14, 2013
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Jeff Miller
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GIA Presents 'Synthetic Diamonds and Treatments' in Pretoria
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The Gemological Institute of America (GIA) will present “Synthetic Diamonds and Treatments” to its Alumni Africa Chapter on May 18 in Pretoria, South Africa. Thomas M. Moses, the senior vice president of GIA’s laboratory and research, will...
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Gemstones
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May 14, 2013
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Jeff Miller
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Marketing
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May 14, 2013
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Jeff Miller
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Inaugural Singapore Jewelry Fair Nears Registration Goal
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UBM Asia confirmed that it has so far registered 176 exhibitors to participate in the inaugural Singapore Jewellery & Gem Fair scheduled for October 12 to 15 at the Marina Bay Sands. Organizers plan to host at least 200 exhibitors...
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Marketing
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May 14, 2013
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Jeff Miller
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Gemfields' Production +33% in 3Q
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Gemfields reported that production from its Kagem emerald mine in Zambia jumped 33 percent year on year to 6.5 million carats for the third fiscal quarter that ended on March 31. Kagem's grade also improved...
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Gemstones
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May 14, 2013
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Jeff Miller
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U.S. Chain-Store Sales Growth Slows
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U.S. chain-store sales rose 1.2 percent year on year for the week that ended on May 11, according to the International Council of Shopping Centers (ICSC) and Goldman Sachs. The rate of growth was at its...
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Retail
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May 14, 2013
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Jeff Miller
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Gitanjali Jewels Expands in Bangalore
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Gitanjali Jewels, the retail division of the Gitanjali Group, opened two new stores in Bangalore, India, bringing the number of outlets to six in that city and 97 nationwide. The new shops are located in the lush...
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Marketing
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May 14, 2013
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Jeff Miller
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Forbes Galleries Exhibit Explores Jewelry in the SpaceAge
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John Nels Hatleberg will speak at the Forbes Galleries in Manhattan on June 5 at 4 p.m. about “Using Unusual Materials in Art Jewelry” as part of the exhibition titled “Out of this World! Jewelry in the SpaceAge.” The exhibit continues...
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Gemstones
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May 13, 2013
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Jeff Miller
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JNA Extends 2013 Awards Deadline to May 22
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Jewellery News Asia (JNA) extended the deadline to enter its 2013 jewelry and gemstone JNA Awards to May 22. The JNA Awards recognizes industry accomplishments, innovation and creativity across Asia. Judging of the...
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Marketing
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May 13, 2013
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Jeff Miller
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QVC's 1Q Sales +2%, Operating Income +1%
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QVC reported that revenue climbed 2 percent year on year to $1.97 billion during the first quarter that ended on March 31 and operating income rose 1 percent to $260 million. The shopping network's parent company, Liberty...
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Financial-Legal
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May 13, 2013
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Jeff Miller
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U.S. Jewelry Store Sales +10%
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Jewelry store sales in the U.S. rose 9.9 percent year on year to $2.31 billion in March. In addition, the consumer price index (CPI) for jewelry fell 2.9 percent in March. Jewelry store sales remained strong...
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Retail
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May 13, 2013
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Jeff Miller
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Public Comment Period Opens for Renard Diamond Project
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The Canadian Environmental Assessment Agency is conducting a comprehensive environmental assessment on Stornoway Diamond Corporation's Renard diamond project in Quebec and opened the public commenting period. Stornoway is proposing to develop the diamond mine on its Foxtrot...
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Mining
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May 10, 2013
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Jeff Miller
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U.S. Online Retail Sales +13% to $50B
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Online metrics firm comScore Inc. reported that retail ecommerce sales in the U.S. jumped 13 percent year on year to $50.2 billion during the first quarter that ended on March 31. The top-performing online product...
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Retail
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May 10, 2013
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Jeff Miller
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Swatch Appoints Hayek as CEO of Harry Winston
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The Swatch Group appointed Nayla Hayek, the chairwoman of the company, as the new CEO of Harry Winston Inc., the former retail arm of Harry Winston Diamond Corporation. Hayek had already been nominated chairwoman...
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Retail
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May 10, 2013
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Jeff Miller
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Dominion Diamond Increases Rough Production Forecast
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Dominion Diamond Corporation revised its production forecast at the Diavik diamond in Canada up 11 percent to 6.6 million carats for 2013. The increase was attributed to processing more of Diavik's stockpiled ore, with Dominion Diamond adding...
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Rough Markets
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May 10, 2013
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Jeff Miller
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Lucara Diamond Records Profit of $6M in 1Q
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Lucara Diamond reported revenue of $32.5 million for the first quarter that ended on March 31. The junior mining company recorded no revenue one year earlier. Profit rose to $6.2 million compared with a loss...
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Mining
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May 09, 2013
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Jeff Miller
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Sotheby's Revenue -3%, Loss Widens to $22M
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Sotheby's reported a 3 percent year-on-year decrease in its total revenue to $101.7 million for the first quarter that ended on March 31. The decline was principally due to a lower auction commission margin of 15 percent from 18.1...
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Financial-Legal
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May 09, 2013
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Jeff Miller
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