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A service of the Antwerp Facets News Service
De Beers forecasts double digit sales growth in China
HONG KONG, April 19, 2005 De Beers expects double digit sales growth this
year in mainland China and single-digit growth in Hong Kong, reported China Dailys
Hong Kong edition. The company noted that higher incomes are prompting Chinas
emerging middle class to seek out luxury goods such as diamonds.
nearly $32 million of Magnificent Jewels
NEW YORK, USA, April 19, 2005 Christies raised more than $31.7 million
in its Magnificent Jewels sale in New York on April 12. Of the 413
lots offered, 363 were sold.
of diamond collections planned
UNITED KINGDOM, April 19, 2005 Londons Natural History Museum will
host an exhibit of rare white and fancy color diamonds from July 7 through February
for upscale toddlers
[AFNS] NEW YORK, USA, April
19, 2005 F.A.O. Schwartz, the famed New York toy store that is now back
in business after a bankruptcy, will soon offer the BabyGund brand
of diamond and colored stone-set jewelry for babies and small children, The New
York Times reports.
Leviev wins bid
to build shopping center in Moscow
RUSSIA, April 19, 2005 A construction firm owned by Israels top diamond
exporter, Lev Leviev, has won a bid to construct a large shopping center in Moscow,
Russian media reported.
lobby for reduction of diamond tax
NEPAL, April 19, 2005 A delegation from the Nepal Gold and Silver Dealers
Association (NEGOSIDA) met with the countrys Finance Minister, Madhukar
Shumsher Rana, on April 11 and asked him to reduce the tax on diamond ownership
from 15 percent to 5 percent, reported The Rising Nepal.
De Beers agrees
to reduce profit from Debswana
SOUTH AFRICA, April 19, 2005 De Beers has been forced to agree to reduce
its revenues from its biggest cash cow, the Debswana 50-50 joint venture with
the Botswana government, by as much as half, according to a report in Business
Day of Johannesburg.
to restart Australias Merlin diamond mine
PERTH, AUSTRALIA, April 19, 2005 Clayton Dodd, managing director of the
Australian firm Striker Resources NL, said April 12 that the firm plans to restart
the Merlin diamond mine in August.
raising $4 million in private placement
VANCOUVER, CANADA, April 19, 2005 Canada-based Diamond Fields International
(DFI) is raising up to C$5 million (U.S.$4 million) in a private placement of
14.3 million shares and warrants, with the funds to be used to pay down debt,
advance exploration projects and add to working capital, according to the Canadian
Press, which cited a press release.
No verdict in
first round of voting at Israeli bourse
RAMAT GAN, ISRAEL, April 19, 2005 Members of the Israel Diamond Exchange
will have to go back to the ballot boxes on Thursday, April 21, after a first
round of voting at the bourse failed to provide a president with more than 50
percent of the votes.
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