Archive for January, 2008
Zale Corp to close 60 stores in 90 days
Zale Corp to close 60 stores in 90 days Wants to cut annual capital spending from the planned $110 million to $85 million Zale Corp seems to be noticing erratic developments recently. The company wants to cut down its annual capital spending from the planned $110 million to $85 million, as its sales slipped down [...]
Read Full Post | Make a Comment ( None so far )GJF to spread its ‘trust mark’ nationwide
GJF to spread its ‘trust mark’ nationwide Will target 250 jewellery retailers in Phase I The All India Gems & Jewellery Trade Federation (GJF), which had introduced the ‘trust mark’ logo in Mumbai in 2007, now wants more jewellers across India to benefit from it. The Federtaion would promote its programme amongst all jewellers in [...]
Read Full Post | Make a Comment ( None so far )Tiffany authorises repurchase
Tiffany authorises repurchase Investor also increases his stake; now owns 10.71 million Tiffany shares Tiffany & Co. said that it has authorised the additional repurchase of its shares and has also extended the deadlines for repurchasing. The shares are valued at $500 million of the common stock. With the increase, Tiffany will be able to [...]
Read Full Post | Make a Comment ( None so far )De Beers’ lawsuit to be heard soon
De Beers’ lawsuit to be heard soon Claimants say that De Beers was involved in unfair trade and promotions De Beers S.A and its associated companies seem to be immersed in class action lawsuits, where the claimants are asking for money damages on behalf of diamond purchasers. According to Resource Investor, the lawsuits connote that [...]
Read Full Post | Make a Comment ( None so far )DTC cocktail party ends on an ambitious note
DTC cocktail party ends on an ambitious note Shine and Penny reiterate the growth plans of the DTC The DTC Sightholder cocktail party, which was held two nights ago in London concluded on a positive note. Although the recent past has not been so pretty with DTC slacking its number of sightholders, Nicky Oppenheimer stated [...]
Read Full Post | Make a Comment ( None so far )Rio Tinto may reconsider investment in Zimbabwe
Rio Tinto may reconsider investment in Zimbabwe Awaits the implementation of the Bill According to Antwerp Facets News Service, Rio Tinto which had earlier planned to withdraw its investments in a new project in Zimbabwe, says that it may reconsider the U.S. $60 million investment, provided the Mugabe government implements its Indigenization and Economic Empowerment [...]
Read Full Post | Make a Comment ( None so far )Macau Fair – a launch pad for China
Macau Fair – a launch pad for China Will allow global diamond companies to gain from the growing demand of China’s markets China hosted its first jewellery show ‘Macau Jewellery and Watch Fair’, at The Cotai Strip Convention and Exhibition Center at The Venetian Macao-Resort-Hotel. The four day show was inaugurated on January 10, and [...]
Read Full Post | Make a Comment ( None so far )Astronomers discover largest diamond in galaxy
Astronomers discover largest diamond in galaxy Lucy weighs 10 billion trillion trillion carats According to a report by the Antwerp Facets News Service, astronomers at Harvard University have discovered what they claim as the largest diamond till date ever to be found, over and above what exists on earth. The diamond is the planet called [...]
Read Full Post | Make a Comment ( None so far )DTC implements its BPP
DTC implements its BPP Bans suplpies to six companies, two have lost sights for the current year The Diamond Trading Company (DTC), under the leadership of Varda Shine seems to be projecting a strict image as far as implementing its Best Practice Principles (BPP) is concerned. Recently, it suspended six sightholders due to a criminal [...]
Read Full Post | Make a Comment ( None so far )US polished imports grew by 8.6% in value
US polished imports grew by 8.6% in value Polished imports from india gre in value by 10.7% According to reports, the American polished diamond gross imports grew overall in value but declined in volume across all countries. The overall polished import increase was of 8.6% to amount to $15.1 billion, during January to October in [...]
Read Full Post | Make a Comment ( None so far )« Previous Entries
