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A service of the Antwerp Facets News Service (AFNS).

De Beers forecasts double digit sales growth in China
[AFNS] 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 Daily’s Hong Kong edition. The company noted that higher incomes are prompting China’s emerging middle class to seek out luxury goods such as diamonds.
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Christie's sells nearly $32 million of ‘Magnificent Jewels’
[AFNS] NEW YORK, USA, April 19, 2005 – Christie’s 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.
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London exhibit of diamond collections planned
[AFNS] LONDON, UNITED KINGDOM, April 19, 2005 – London’s Natural History Museum will host an exhibit of rare white and fancy color diamonds from July 7 through February 26, 2006.
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Diamond jewelry 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.
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Leviev wins bid to build shopping center in Moscow
[AFNS] MOSCOW, RUSSIA, April 19, 2005 – A construction firm owned by Israel’s top diamond exporter, Lev Leviev, has won a bid to construct a large shopping center in Moscow, Russian media reported.
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Nepalese jewelers lobby for reduction of diamond tax
[AFNS] KATHMANDU, NEPAL, April 19, 2005 – A delegation from the Nepal Gold and Silver Dealers Association (NEGOSIDA) met with the country’s 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.
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De Beers agrees to reduce profit from Debswana
[AFNS] JOHANNESBURG, 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.
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Striker intends to restart Australia’s Merlin diamond mine
[AFNS] 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.
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Diamond Fields raising $4 million in private placement
[AFNS] 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.
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No verdict in first round of voting at Israeli bourse
[AFNS] 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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NOTE: On January 1, 2003 many countries around the world have 'Kimberley Process' established by world governments and the diamond industry to eradicate the trade in conflict diamonds. All the diamonds used in our engagement rings, earrings and jewelry are purchased form legitimate sources in compliance with the United Nations resolution. We do not and will not ever sell conflict diamonds.