Rapaport TradeWire 6/27/2008
Rapaport TradeWire - Friday, June 27, 2008
------------------------------------------
News: Strong sales for fine quality 1cts-3cts at Hong Kong show but
commercial quality goods were disappointing. Indian market trading
slowing. U.S. retail demand weak except for bridal. Whitehall Jewelers
files for Chapter 11 and House of Taylor surrenders assets to lender
New Stream Capital to avoid bankruptcy. Creditors seek $100 mil. from
Fabrikant's principals citing fraudulent transactions prior to filing
Chapter 11. Hearts on Fire sues Blue Nile for trademark infringement.
Jacob the Jeweler sentenced to 30 months in federal prison. 2007
Wealth Report finds jewelry, gems and watches rank No. 3 as ‘passion
investment’ among high-net worth individuals. Belgium May 2008 rough
imports +3% to $962.69 mil and polished exports +14% to $1.1 bil.
=============
ANNOUNCEMENTS:
-------------
=========================
RAPAPORT TENDERS IN INDIA
=========================
Rough Diamond Tender - By Appointment Only
June 30 – July 3, 2008
2600+ carats, 3-4 and 5-6 Grainers, Makeables and Sawables,
Fine D-H colors, VVS-SI clarity
Contact Manisha@diamonds.net or 91-22-6637-6633
Polished Diamond Tender – By Appointment Only
July 13–17, 2008
Over 3200 carats, Rounds and Fancies, 0.01 up to 2.00 carats
D-M, VS-I3, Large selection of promotional qualities, Over 150 Lots
For Contact Manisha@diamonds.net or 91-22-6637-6633
===========================================
Rapaport will be exhibiting at the following shows:
JA New York July 27-30;
India Int’l Jewellery Show Aug. 7-11;
Singapore, Aug. 21-24; London, Aug. 31 to Sept.3
To view all events and details
http://www.diamonds.net/Events/default.aspx
==========================================
Rapaport International Diamond Conference
Sept. 8, 2008, New York, Waldorf Astoria Hotel
“2010, The Next Decade - Preparing For The Future”
Register via email: conference@Diamonds.Net
==========================================
============
RETAIL QUOTE:
------------
"The general economic downturn and tightening of the credit markets,
among other factors, have contributed to a decline in consumer
discretionary spending, particularly in the luxury goods sector.
[Without an emergency loan] day-to-day retail operations would come to
a halt, a result that would be devastating as the debtors attempt to
maximize the value of their assets through an expedited sale process."
--- Whitehall Jewelers to Bankruptcy Court
==========
WORLD NEWS:
----------
---Don't Trade Diamonds from Venezuela
Venezuela suspended itself from the Kimberley Process Certification
Scheme for a period of at least two years, but Avi Paz, president of
the World Federation of Diamond Bourses (WFDB,) called upon members of
the 29 bourses to take all measures necessary to ensure that they do
not trade, directly or indirectly, in diamonds originating from
Venezuela.
---Whitehall Jewelers Files for Chpt. 11 Protection
Whitehall Jewelers Holdings Inc. filed for Chapter 11 protection; and
secured an $80 million debtor-in-possession (DIP) credit facility from
the Bank of America, Wells Fargo Retail Finance, and GMAC Commercial
Finance, to replace the company’s previous $125 million revolving
credit facility. Subject to court approval, Whitehall will use the DIP
to fund its working capital, including employee wages, certain
supplier payments, and other operating expenses during the
reorganization process.
---Jacob the Jeweler to Serve Time, Pay Fines for Lying to Feds
New York businessman known as "Jacob the Jeweler" was sentenced to 2
1/2 years in federal prison for lying to investigators in reference to
a multi-state drug ring. Jacob Arabov, 43, pleaded guilty in October
to falsifying records and giving false statements as part of a deal
with federal prosecutors. U.S. District Judge Avern Cohn imposed a
minimum sentence of three years and one month, but reduced the
sentence due to Arabov's charitable work. Cohn ordered Arabov to pay a
$50,000 fine and to make a $2 million forfeiture payment to the
government.
---House of Taylor Surrenders Collateral to Lender
House of Taylor, which currently operates without a name due to
dissolving its licensing agreements with both Elizabeth Taylor and
Kathy Ireland, informed the SEC that it had entered into a peaceful
possession of collateral letter with New Stream Secured Capital L.P.
Under the possession letter, debtor acknowledged that it is indebted
to New Stream for about $11.2 million. In addition, the amount must
include interest accrued, commissions, costs, expenses, attorneys’
fees and other charges or contractual obligations, and charges
associated with the sale or other disposition of the debtor’s assets.
---Plaintiffs Seek $100M from Fabrikant Principals
Plaintiffs seek $100 million from M. Fabrikant & Sons principals
charging that Fortgang family members made fraudulent transfers to
subsidiaries before filing for Chapter 11 bankruptcy protection.
---Diamond Fund IPO Falls Short
Diamond Circle Capital listed on the London Stock Exchange as a
closed-ended investment company under the Yahoo! ticker DIAM.L. It
raised about $75 million, far short of its $150 million goal. However,
the company raised $100 million prior to its IPO.
---Hearts on Fire Sues Blue Nile for Trademark Infringement
Diamond jewelry brand Hearts on Fire sued online retailer Blue Nile
for trademark infringement and unfair competition. The company charged
Blue Nile with buying trademarked keywords online in order to direct
consumers to bluenile.com when these shoppers were looking for Hearts
on Fire diamonds.
---Rapaport News Broadcast
Wholesalers and retailers from India report strong sales growth and
profits, but a number of issues hit the trade in the United States.
http://www.diamonds.net/news/NewsItem.aspx?ArticleID=22083
=============
DIAMOND STATS:
-------------
---Belgium May Imports/Exports (YTD= year to date)
May.08 %Chng YTD 08 %Chng
($Mil) ‘07 ($Mil) ‘07
Polished Exports $1,102 14% $5,364 24%
Polished Imports $980 14% $5,194 29%
Net Polished $122 14% $170 -43%
Rough Imports $963 3% $4,812 14%
Rough Exports $1,093 15% $5,135 12%
Net Rough $(130) N/A $(323) 13%
Diamond Account $252 105% $493 -26%
=======================
RETAIL & WHOLESALE NEWS:
-----------------------
---Birks & Mayors Profits -21%, Sales +7%
Montreal-based jewelry retailer Birks & Mayors reported a 16 percent
rise in net sales to $64.2 million during the fourth quarter ending
March 29, 2008, while comparable store sales rose a more modest 2
percent. Operating loss, however, widened to $7.6 million, from $2.4
million a year earlier, as cost of sales and operating expense
increased 26 percent and 23 percent respectively. Birks & Mayors
nevertheless moved into the black for the quarter posting a net income
of $3.3 million, compared with a net loss of $1.9 million.
---Asian Star Profits +39%, Sales +20%
Asian Star profits rose 39 percent to INR 86.91 million ($2 million)
during the fourth quarter of fiscal 2007-08. Net sales rose 20 percent
to INR 4.08 billion ($94.85 million) in the three months ending March
31, 2008. Operating profits for the period fell 4.6 percent to INR
171.31 million (3.98 million.) For the full fiscal year, sales grew
26.6 percent to INR 14.74 billion ($342.99 million,) and net profits
grew 54 percent to INR 432.47 million ($9.85 million.)
---Classic Diamonds Profits +122%, Sales +12%
Classic Diamonds India reported that profits rose 122 percent to INR
55.15 million ($1.28 million) for the three months ending March 31,
2008. Sales rose 12.5 percent to INR 1.85 billion ($43.06 million.)
Operating profits, before interest, depreciation and taxes, fell 10
percent to INR 134.99 million ($31.42 million.) For the full fiscal
year ending March 31, 2008, net profits rose 38 percent to INR 311.4
million ($7.4 million,) sales increased 10.4 percent to INR 7.1
billion ($165.31 million,) and operating profits fell 1.76 percent to
INR 662.99 million ($154.35 million.)
---Flawless Diamond Profits +141%, Sales +34%
Flawless Diamond net profits grew 141 percent to INR 84.58 million
($1.97 million) in its fourth quarter of fiscal 2007-08. Net sales for
the three months ending March 31, 2008 rose 34 percent to INR 1.59
billion ($37.16 million.) For the full fiscal year, Flawless Diamond
net profits grew 246 percent to INR 251.8 million ($5.87 million.)The
company’s net sales rose 86 percent to INR 5.6 billion ($130.9
million,) while expenses increased 82 percent to INR 5.3 billion
($123.78 million) for the year.
---Su-Raj Diamonds Profits +30%, Sales +69%
Su-Raj Diamonds net profits rose 30.2 percent to INR 208.5 million
($4.86 million) in the fourth fiscal quarter 2007-08. Net sales grew
68.6 percent to INR 7.44 billion ($173.49 million) for the three
months ending March 31, 2008. Sales for the full fiscal year increased
45.3 percent to INR 22.81 billion ($532.05 million,) while expenses
rose 47.2 percent to INR 22.06 billion. Net profits for the fiscal
year grew 32 percent to INR 632.4 million ($14.75 million.)
---Rajesh Exports Profits +47%, Sales +41%
Rajesh Exports sales grew 41 percent in the three month period ending
March 31, 2008, to INR 25.25 billion ($589 million,) and net profits
rose 47 percent to INR 489.39 million ($11.41 million.) For the full
fiscal year, sales grew 25.7 percent to INR 86.67 billion ($2.02
billion,) while expenses for the year increased 24 percent to INR
82.85 billion ($1.96 billion.) Net profits more than doubled to INR
2.06 billion ($48.17 million.)
---Kristall Boosts Diamond Procurements Five-Fold
Kristall of Smolensk drove-up rough diamond procurements from outside
of Russia by five-fold since the start of 2008 to $50 million.
Kristall buys about 65 percent of its rough from ALROSA. Overall
procurements come to around $250 million per year. Kristall increased
cut diamond sales 13 percent in 2007 to $404.4 million. The
enterprise's capacity is 1 million carats per year.
---Leviev Namibia Workers Continue Strike
Approximately 200 workers at Lev Leviev Diamonds (LLD) Namibia factory
continued to strike despite the company obtaining a court order to
keep them off the premises. The workers vowed to continue the action
until their grievances have been met. Among their demands include the
removal of LLD Namibia’s general manager Mike Nesongano, who they
claim has created a hostile working environment.
---U.K. Retail Sales Climb at Record Pace in May
Retail sales volumes during May in the United Kingdom rose 3.5 percent
-- the highest increase on record, according to the Office for
National Statistics. Sales for the past three months have risen 5.4
percent from one year ago. Signet Group reported two weeks ago that
its first quarter sales across the U.K. rose 5 percent.
---Buffett's Subsidiaries Showing Deeper Economic Weakness
Billionaire Warren Buffett has already said he thinks United States'
economy is in a recession, and now he says the economy is getting
worse. Buffett told CNBC that all the data he sees from Berkshire
Hathaway Inc. subsidiaries, which includes jewelry brands, shows the
economy weakening.
===========
WHO’S NEWS:
-----------
---World Diamond Council Agenda for Sixth Annual Meeting
The sixth annual meeting of the World Diamond Council (WDC) is set to
open in Antwerp on Monday June 30, with the theme “Celebrating Five
Years into the Kimberley Process.” Keynotes will be made by Belgium's
Prime Minister Yves Leterme; WDC's CEO Eli Izhakoff; independent
auditor Steve Merdinger; World Federation of Diamond Bourses' newly
elected president Avi Paz; the president of the International Diamond
Manufacturers Association Moti Ganz; CIBJO's president Gaetano
Cavalieri; and WFDB's vice president Ernest Blom.
---Japan Honors M. Schnitzer & Co. at Award Ceremony
Japan honored M. Schnitzer & Co. with a Business Excellence Award for
the Year 2007. M. Schnitzer & Co. has held trade relations with Japan
since the 1950s. Company president Shmuel Schnitzer accepted the award
and thanked Japan's ambassador, Israel-Japanese Friendship Society,
and Chamber of Commerce. Schnitzer reflected upon the inroads his late
father, and M. Schnitzer & Co. founder, Moshe Schnitzer made in those
early days with exporting polished goods to Japan.
---Braverman Joins Zale Corp. Board
Yuval Braverman was elected to Zale Corporation's board of directors.
Braverman, 52, is chairman and CEO of diamond wholesaler J. & J.
Zaidman Inc., which is the company he co-founded in 1981.
---JVC to Present Two Upcoming Seminars
The Jewelers Vigilance Committee (JVC) is presenting “Color Gemstone
Sales: Are you Compliant or at Risk?” sponsored by American
Gemological Laboratories at the JA/NY Summer Show, Jacob Javits
Convention Center, Monday, July 28, 2008, 8:30 a.m. to 10:00 a.m. in
room IEO3.
The U.S. Treasury will enforce two new amendments to the Clean Diamond
Trade Act that will affect rough diamond importers and exporters’
businesses. To help jewelers understand these new amendments, the JVC
is presenting “Training for Rough Diamond Traders: U.S. Statutory
Requirements” at the JA/NY Summer Show, Jacob Javits Convention
Center, Monday, July 28, 2008, 10:30 a.m. – 12:00 noon, meeting room
1E03.
===================
DIAMOND MINING NEWS:
-------------------
---Eight Killed at Guyana Diamond Mining Site
Up to eight people were shot and burned at a remote diamond mining
camp in Guyana. Criminal gangs, known to operate in the area are
wanted for other similar attacks. They sometimes take refuge in the
mineral-rich eastern jungles popular with informal miners seeking gold
and diamonds.
---Rio Tinto Applies for Diamond Mining Lease at India Project
Rio Tinto applied for a mining lease at its Bunder diamond project in
Madhya Pradesh, India. The company said it has spent more than INR 75
crores ($19 million) on evaluation of the deposit to date, and plans
to spend a further INR 135 crores ($30 million) to support continued
evaluation of the deposit.
---Gem Diamonds to Restart Cempaka in 3Q
Gem Diamonds expects to restart mining at its Cempaka mine in
Indonesia during the third quarter of 2008 once an environmental
impact assessment of the mine is complete. Mining was suspended at
Cempaka in April 2008 after problems surfaced with the waste water
discharge from the alluvial site. The mine produced 23,034 carats
during 2007.
--- Flinders Mines Finds Diamonds in South Australia
Diamonds have been found in a new exploration program on pastoral land
in South Australia's mid-north. Flinders Mines Ltd found 10 diamonds
had turned up in soil surface samples in an area 7km north-east of
Peterborough.
---Archangel Diamond Corp. Raises $172M
The Archangel Diamond Corporation closed private placement in Toronto
with gross proceeds of $172.4 million. The proceeds will be used to
fund: The initial payment obligation in the proposed acquisition (from
LukOil) of shares in OAO Arkhangelskoe Geologodobychnoe Predpriyatie;
other settlement costs and transaction costs; project development
costs; repayment of the Cencan S.A. subsidiary of De Beers Societe
Anonyme working capital loan; repayment of the De Beers standby term
loan facility; and for general corporate purposes.
==========
ECON WATCH:
----------
For week ending June 26, 2008
Econ Watch:
Jun 26 May 19 Chng.
$1 = Euro 0.630 0.645 -0.015
$1 = Rupee 42.5 42.9 -0.4
$1 = Israel Shekel 3.36 3.36 0.00
$1 = Rand 7.97 7.95 0.02
$1 = Canadian Dollar 1.01 1.02 -0.01
Precious Metals
Gold $916.60 $898.80 $17.80
Platinum $2,053.00 $2,061.00 -$8.00
Stock Indexes
Jun 26 May 19 Chng. Chng.%
BSE 14,421.82 15,087.99 -666.17 -4.42%
Dow Jones Avg. 11,453.42 12,063.09 -609.67 -5.05%
FTSE 5,518.20 5,708.40 -190.20 -3.33%
Hang Seng 22,455.67 22,797.61 -341.94 -1.50%
S & P 500 1,283.15 1,342.83 -59.68 -4.44%
Yahoo! Jewelry 918.88 994.45 -75.57 -7.60%
Jun 26 May 19 Chng. Chng.%
USA
Abazias $0.52 $1.20 -$0.68 -56.67%
Birks & Mayors $3.20 $3.10 $0.10 3.23%
Blue Nile $46.04 $46.19 -$0.15 -0.32%
Charles & Colvard $1.10 $1.21 -$0.11 -9.09%
Collector's Universe $8.81 $9.70 -$0.89 -9.18%
DGSE Companies, Inc. $3.20 $3.70 -$0.50 -13.51%
Finlay $0.42 $0.44 -$0.02 -4.55%
Fuqi International $9.94 $10.20 -$0.26 -2.55%
JCPenney $35.98 $37.25 -$1.27 -3.41%
Kohl's $40.53 $45.20 -$4.67 -10.33%
Lazare Kaplan $9.00 $8.97 $0.03 0.29%
LJ International $3.26 $3.55 -$0.29 -8.22%
Macy's $19.48 $21.70 -$2.22 -10.23%
Man Sang $7.04 $7.19 -$0.15 -2.09%
Movado Group $20.03 $20.64 -$0.61 -2.96%
Nordstrom $31.64 $34.94 -$3.30 -9.44%
Saks $11.51 $12.47 -$0.96 -7.70%
Signet $10.00 $10.33 -$0.33 -3.19%
Sotheby's $27.51 $26.61 $0.90 3.38%
Tiffany $42.19 $46.79 -$4.60 -9.83%
Wal-Mart $56.84 $57.69 -$0.85 -1.47%
Zale $20.13 $21.48 -$1.35 -6.28%
Jun 26 May 19 Chng. Chng.%
(*CHF **PENCE)
EUROPE
Bulgari €6.62 €6.55 €0.07 1.07%
Citizen Holdings €4.79 €4.88 -€0.09 -1.84%
Escada €14.08 €15.50 -€1.42 -9.16%
Golay-Buchel *2,490 *2,480 10.00 0.40%
LVMH €66.13 €70.36 -€4.23 -6.01%
Pinault P-R SA €72.22 €77.14 -€4.92 -6.38%
Richemont SA *56.75 *61.10 -4.35 -7.12%
Sakha Diamonds €0.62 €0.62 €0.00 0.00%
Swatch Group *255.75 *266.50 -10.75 -4.03%
Theo Fennell **43.00 **51.00 -8.00 -15.69%
HONG KONG (HKD)
Hang 1.93 1.96 -0.03 -1.53%
King Fook 0.74 0.74 0.00 0.00%
Noble Jewelry 1.25 1.30 -0.05 -3.85%
Tse Sui Luen 0.84 0.84 0.00 0.00%
INDIA (rupee)
Classic Diamond 51.45 59.80 -8.35 -13.96%
Gitanjali Gems 266.35 279.85 -13.50 -4.82%
Rajesh Exports 68.90 81.90 -13.00 -15.87%
Reliance 2,239.24 2,245.00 -5.76 -0.26%
Su-Raj Diamonds 67.05 70.75 -3.70 -5.23%
Titan 1,051.15 1,069.20 -18.05 -1.69%
Zodiac JRD 26.50 29.20 -2.70 -9.25%
Shantivijay Jewels 126.25 137.50 -11.25 -8.18%
Shukra Jewellery 4.09 4.20 -0.11 -2.62%
Suashish Diamonds 411.70 411.40 0.30 0.07%
Jun 26 May 19 Chng. Chng.%
NEW ZEALAND
Michael Hill NZD 0.81 NZD 0.83 -NZD 0.02 -2.41%
SINGAPORE
Gems TV Holdings SGD 0.140 SGD 0.155 –SGD 0.015 -9.68%
Sarin Technologies SGD 0.380 SGD 0.360 SGD 0.020 5.56%
TEL AVIV
Tobias Jewellery ILS 515.40 ILS 645.60–ILS 130.20 -20.17%
MINING STOCKS
(pence unless noted)
Jun 26 May 19 Chng. Chng.%
USA
Anglo American $32.85 $34.61 -$1.76 -5.09%
CANADA
Archangel CAD 1.40 CAD 1.24 CAD 0.16 12.90%
Harry Winston CAD 29.00 CAD 30.01 -CAD 1.01 -3.37%
Mountain Province CAD 4.25 CAD 4.20 CAD 0.05 1.19%
Peregrine Dmnds CAD 0.22 CAD 0.23 -CAD 0.01 -4.35%
Rockwell Diamonds CAD 0.44 CAD 0.58 -CAD 0.14 -24.14%
Shore Gold CAD 2.70 CAD 2.74 -CAD 0.04 -1.46%
Stornoway Diamond CAD 0.32 CAD 0.36 -CAD 0.04 -9.86%
Tahera Diamond CAD 0.04 CAD 0.04 CAD 0.00 0.00%
True North Gems CAD 0.37 CAD 0.38 -CAD 0.01 -2.63%
UK (pence)
African Diamonds 78.4 79.2 -0.8 -1.06%
BHP Billiton 1,808.0 1,950.0 -142.0 -7.28%
Firestone Diamonds 157.0 171.0 -14.0 -8.19%
Gem Diamonds 1,055.0 1,033.0 22.0 2.13%
Mano River 11.0 11.5 -0.5 -4.35%
Mwana Africa 40.5 40.0 0.5 1.25%
Namakwa Diamonds 143.0 144.0 -1.0 -0.69%
Petra Diamonds 106.0 115.6 -9.6 -8.30%
Rio Tinto plc 5,701.00 6,081.00 -380.0 -6.25%
===================
INDIA MARKET REPORT:
-------------------
---Polished: Local markets considerably slower this week. There is
some demand from a few foreign buyers visiting, but high prices are
holding back activity.
-1 point: Very good demand: +$225 whites.
Good demand: $80-$160 whites.
Fair demand: $150-$250 TTLC.
-2 point: Good demand: +$300 whites.
Fair demand: $125-$150 TTLB & $125-$300 TTLC.
2-7 point: Good demand: +$250 whites.
Fair demand: $100-$150 TTLB & $125-$300 TTLC.
8-18 point: Good demand: +$500 whites.
Fair demand: $150-$200 TTLB & $200-$300 TTLC.
20 points: Good demand: +$650 whites.
Fair demand: $200-$400 whites.
25 points: Good demand: +$700 whites.
Fair demand: $200-$450 whites.
33 points: Good Demand: $1400-$1600 whites.
Fair Demand: $150-$500 whites.
50 points: Good demand: +$2000 & $1000-$1,500 whites
Fair demand: $700-$800 & $300-$500 whites.
75 points: Very good demand: +$3,000 whites.
Good demand: $700-$900 whites.
1 carat+: Very good demand: +$5,000 whites.
Good demand: $1,500-$4,500 whites.
Fair demand: $500-$1000 whites.
Princess: -3 point: Fair demand: $200-$250 & $325-&375 whites.
+3 point: Fair demand: $$250-$300 & $350-$400 whites.
+9-18 point: Good demand: +14 pts $600-$650 whites
Fair demand: $225-$275 & $300-$400 whites.
20 point: Fair demand: $350-$400 whites & $750-$800 whites.
25 point: Fair demand: $350-$400 whites.
50 point: Fair demand: $600-$1,000 whites.
75 point: Fair demand: $1,200-$1,400 whites.
1 carat+: Good demand: +$1,500 whites.
Marquise: -6 point: Very good demand: $400-$550 whites.
Good demand: $250-$350 whites.
+7-18 point: Very good demand: $500-$650 & +14-point $850-
$900 whites.
Good demand: $225-$300 & +14-point $300-$350
whites.
20 point: Good demand: $675-$725 & $950-$1000 whites.
Fair demand: $325-$375 whites.
25 point: Good demand: $1,000-$1,100 whites.
Fair demand: $400-$450 whites.
33 point: Good demand: $1,200-$1,400 whites.
50 point: Good demand: $1,600-$1,800 whites.
75 point: Good demand: $1,100-$1,400 & $2,600-$3,000 whites.
1 carat+: Very Good demand: +$1,200 whites.
Tapers & Baguettes:
Good demand: $550-$800 +5mm whites. $225-$300
2mm-2.5mm whites; $300-$350, 2.5mm-3mm whites;
$350-$450 3mm-4mm, $500-$600 4mm –
5mm & $175-$250 +2mm-3mm whites.
---ROUGH: Local rough market is very slow due to high asking prices
and liquidity crunch. Local stock market woes add to the dire
situation.
1-5 point: Very good movement: $75-$140 makeables; $85-$180 crystals.
Good movement: $25-$65 makeables.
Good movement: $50-$90 OW TTLB & TTLC;
Fair movement: $5-$20 OW TTLB & TTLC.
6-20 point: Good demand: $130-210 crystals; $120-$160 makeables.
Fair demand: $40-$140 makeables; $60-$80 clivage;
$50-$100 makeables; Very good movement $80-$180;
Fair demand $60-$120 fancy shapes;
$60-$110 OW TTLC & TTLB rounds.
21-50 point: Good demand: $235-280 makeables; $160-$340 crystals.
Fair demand: $110-$220 rounds; $100-$150 crystals; $70-
$130 clivage; Very good movement $140-$220 and
Fair demand $75-$100 fancy shapes; Good demand $70-$150 &
Fair demand $20-$50 OW TTLC & TTLB.
0.51-1.00 carat: Good demand: $80-$125 & $130-$325 makeables;
$125-$250 & $300-$450 crystals.
Fair demand: $70-$100 clivage; Very good demand $225-
$325 and Fair demand $70-$125 fancy shapes;
Good demand $140-$180 & Fair demand $90-$125 OW TTLC &
TTLB.
1.01-2.00 carat: Fair demand: $225-$600 rounds; $225-$800 crystals;
$125-$170 clivage; $200-$400 all fancy shapes.
Good demand $170-$225 OW TTLC & TTLB.
2.01-3.00 carat: Good demand: $225-$1,500 makeables; $500-$1,000 OW
TTLC & TTLB & $350-$1,700 crystals.
Fair demand: $300-$400 clivage; $125-$400 flats &
$500-$1,000 fancy shapes.
5.00 carat+: Very good demand: $1,200+ makeables, crystals & all fancy
shapes till L color.
Mixed Lot: Good demand: $2-$50.
=======
CREDITS:
-------
This week’s TradeWire® has been brought to you by Jeff Miller and Zach
Helke of the Rapaport News Team.
E-mail: news@diamonds.net
For up to the minute 24/7 news coverage visit www.Diamonds.net
And view our broadcasts at http://www.diamonds.net/news/
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