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A service of the Antwerp Facets News Service
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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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full article
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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full article
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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full article
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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full article
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