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Zale, Saks Post Strong Gains on the NYSE
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Shares in Zale Corporation closed 22 percent higher for the day at $6.60 on the New York Stock Exchange (NYSE), following stronger than expected third quarter results. Zale's shares were up 183 percent from one...
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Financial-Legal
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May 22, 2013
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Jeff Miller
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JCPenney Secures a $2B Loan Facility
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J. C. Penney Company Inc. entered into a new five-year $2.25 billion senior secured term loan credit facility, which was an amount higher than the anticipated $1.75 billion originally announced on April 29. Proceeds of the...
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Financial-Legal
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May 22, 2013
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Jeff Miller
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Brazil's Mining Framework Increases Diamond Mining Royalties
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Brazil is expected to enact a new mining regulatory framework in June, according to the O Estado de S. Paulo newspaper. The proposed legislation changes royalty payment calculations (known as CFEM tax) from net sales to one that is charged against gross sales. The revision would realize CFEM revenue of about $2 billion,...
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Mining
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May 22, 2013
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Jeff Miller
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Financial-Legal
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May 22, 2013
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Jeff Miller
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Fair Trade
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May 22, 2013
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Rapaport
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IGI Completes Jewelry Design Course in Bahrain
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Press Release: The International Gemological Institute (IGI) completed its first jewelry design course in Bahrain on May 18, 2013. The 12-day training was conducted in association with the Bahrain Ministry of Industry and Commerce.The...
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Research
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May 22, 2013
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IGI
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Marketing
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May 22, 2013
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Jeff Miller
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NCDIA Plans a Brown Diamond Conference for October
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Press Release: After a successful conference on blue diamonds at the Gemological Institute of America's (GIA) Education Center in New York, the Natural Color Diamond Association (NCDIA) board announced it was planning an even larger event —this...
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Gemstones
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May 22, 2013
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NCDIA
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Zale's 3Q Revenue -1%, Profit Rises to $5M
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The Zale Corporation reported that revenue slipped 0.6 percent year on year to $442.7 million for the third quarter that ended on April 30. However, Zale reduced its cost of sales 3.3 percent to $210...
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Financial-Legal
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May 22, 2013
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Jeff Miller
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Zale Appoints Terry Burman as Board Chairman
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Signet Group's former CEO, Terry Burman, was appointed as a director and the chairman of the board of Zale Corporation. John B. Lowe, Jr., who has served as Zale's chairman for the past five years, will...
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Retail
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May 22, 2013
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Jeff Miller
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Israeli Diamonds Shine at JCK Vegas
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Press Release: The Israeli diamond industry, the largest supplier of diamonds to the U.S., will once again have a major presence at the JCK Show in Las Vegas next week. The Israel Diamond Pavilion, hosted...
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Polished Markets
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May 22, 2013
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IDI
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UN Envoy Proposes Principles to Guide Peace in DRC
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The United Nations envoy for Africa’s Great Lakes Region proposed a set of principles to guide immediate peace efforts in the Democratic Republic of the Congo (DRC), while voicing concerns over renewed fighting in the eastern...
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Fair Trade
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May 21, 2013
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Jeff Miller
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Pandora Adds Openwork Pave Charms to Spring Collection
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Pandora added sterling silver, pave openwork charms hand-set with 48 pink, clear or black cubic zirconia stones to its spring jewelry collection. The new charms were created with what the brand defined as an ''abstract...
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Gemstones
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May 21, 2013
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Jeff Miller
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CIRCA Opens Offices in Beverly Hills
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CIRCA opened its new 4,000-square-foot office, at 9696 Wilshire Boulevard, Suite 200 in Beverly Hills, California, which includes four buying rooms. This location is managed by CIRCA's director Wes Carroll and it marks the company's...
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Marketing
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May 21, 2013
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Jeff Miller
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PC Jeweller's Profit +26%
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PC Jeweller reported that its profit jumped 26 percent year on year to $52 million (INR 2.9 billion) for fiscal year 2013 that ended on March 31. Revenue surged 32 percent to $725 million (INR 40.2 billion). PC Jeweller operates 36 showrooms in 28 cities across India and five jewelry manufacturing...
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Financial-Legal
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May 21, 2013
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Jeff Miller
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JNA Awards Program Names Lead Judges
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The organizer of the JNA Awards announced that Albert Cheng, the managing director of the World Gold Council - Far East; James Courage, the CEO of Platinum Guild International and Lin Qiang, the president...
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Marketing
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May 21, 2013
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Jeff Miller
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Surat's Smaller Firms Reduce Polished Output
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(RAPAPORT) Times of India: Diamond production in Surat has declined significantly in the past three months with small and medium diamantaires reducing their manufacturing capacity by almost 50 percent. The reason for this is a 12 percent increase in the prices of rough diamonds by the world's leading diamond mining companies...
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Rough Markets
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May 21, 2013
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Times of India
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Turn Passion for Gems & Jewelry Into a Career
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Press Release: The Gemological Institute of America (GIA) Spring 2013 Education Quarterly is now available online and in print. The issue outlines the eLearning and on-campus gem and jewelry courses and programs available...
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Research
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May 21, 2013
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GIA
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Forevermark Adds Diamantaires and Manufacturers
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Press Release: Forevermark, the diamond brand inscribed with a promise of beauty, rarity and responsible sourcing, announced the addition of new Forevermark diamantaires and manufacturers. Each diamantaire and manufacturer was selected for its...
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Marketing
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May 21, 2013
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Forevermark
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AWDC Launches Antwerp Diamond Jobs Portal
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The Antwerp World Diamond Centre (AWDC) will launch its job program on May 23 as part of a wider strategic plan. In 2012, while AWDC developed its growth strategy, one primary issue that required attention was...
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Marketing
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May 21, 2013
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Jeff Miller
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