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Blog Archive 2005-12-01

Diamond December Sale Has Reached Its Maximum Level

December 2005 Sotheby’s December sale of Magnificent Jewels surpassed its high estimate to bring in a total of $23.8 million, with 90.6% sold by value and 81.7% sold by lot. Among the highlights of the sale: A diamond ring by Harry Winston…
Blog Archive 2005-12-01

Botswana Diamond Producing Company Is On the Way of Independence

December 2005 A report in South Africa’s Business Day claims Botswana’s recent decision to issue licenses independently to sightholders shows the country’s growing independence from De Beers. The sightholders already had licenses to produce in South Africa. Under De Beers rules, a…
Blog Archive 2005-12-01

Underground Diamond Mining With The Investment Of One Billion Dollar At Argyle

December 2005 Rio Tinto, owner of Argyle, announced an additional $900 million will be spent on underground mining at Argyle, with an extra $150 million spent on open pit mining in 2008 in preparation for the underground mining. This will extend the…
Blog Archive 2005-12-01

Diamond Class Action Suits Are Settled By De Beers

December 2005 De Beers recently settled the majority of consumer civil class action suits filed against it, to the tune of $250 million. De Beers still has many suits to settle, however — including the one from ex-sightholder W.B. David. In a…
Blog Archive 2005-12-01

Diamond Strike on Busy Roads Made Online Shopping Easier Than Before

December 2005 Like all New Yorkers, we were happy to see that the transit strike was settled relatively quickly. But it definitely took a toll on the city’s retailers. As we, like so many people, walked on the route we normally took…
Blog Archive 2005-12-01

Why Diamond Should Be Purchased Form Known Dealers

December 2005 GIA announced it has settled its lawsuit with Max Pincione, who had sued the GIA over two stones he said were misgraded because of a “payment.” Ralph Destino, chairman of GIA, said, “We are pleased this matter is behind us.…
Blog Archive 2005-11-01

Confidence Of Diamond Sale And Drop In Retail Sale

Sep. 2004 Though consumers are seemingly more confident about the economy and the future, they are not translating that confidence into retail sales, according to the Conference Board’s Consumer Confidence Index and the U.S. Commerce Department. Overall retail sales slipped 1.1 percent—the…
Blog Archive 2005-11-01

Diamond Holiday Sale Is Showing the Customer’s Budget Planning in Holidays

November 2005 Research by the National Retail Federation offers a “bah-humbug” to pessimists who expect a slump in holiday sales. The NRF’s 2005 Holiday Consumer Intentions and Actions Survey, conducted by BIGresearch for NRF, found that the average consumer plans to spend…
Blog Archive 2005-11-01

The Blood Diamond Movie Was Creating Conflict between Retailer and Customer

November 2005 A new movie is about to bring the conflict diamond issue to movie screens. Called “The Blood Diamond,” it will star Leonardo Di Caprio and Jennifer Connelly. DiCaprio will play a diamond smuggler in Africa. “The Blood Diamond” will be…
Blog Archive 2005-11-01

Latest Diamond Market Report Show Stable Price Of Diamond

November 2005 Diamond prices are finally beginning to stabilize as rough dealers and cutters are beginning to realize that nothing can go up forever. In our June Diamond Registry Bulletin, we quoted a young cutter telling his father to “put the goods…