War Crimes Court Subpoenas Super Model

The Special Court for Sierra Leone, the body tasked with determining Charles Taylor's fate for war crimes, approved the prosecution's request to summon model Naomi Campbell and actresses Mia Farrow and Carol White. The defense claims that Taylor gave Campbell (pictured) a rough diamond in 1997. Farrow has told the press that she had first-hand knowledge of the gift. Prosecutors believe that testimony from the women will support claims that Taylor dealt in blood diamonds from Sierra Leone.

RapUp July 2, 2010


Trading centers stable. Buyers at June Hong Kong show edge up on prices but still resist high seller asking prices. Zimbabwe cabinet approves illegal Marange rough sales with KP certificates and government agency says it already sold $23m worth in 2010. Botswana approves rough tenders from AK6 mine. Harry Winston secures $100m credit facility. Lazare Kaplan to be delisted from NYSE. Japan’s May polished imports +3% to $47.4m. New York State establishes $100m mortgage fund for International Gem Tower.


RapNet Data: July 1, 2010

Diamonds 706,397

Value $4,481,037,223

Carats 788,031

Average Discount -30.83%

RapUp July 2, 2010


Trading centers stable. Buyers at June Hong Kong show edge up on prices but still resist high seller asking prices. Zimbabwe cabinet approves illegal Marange rough sales with KP certificates and government agency says it already sold $23m worth in 2010. Botswana approves rough tenders from AK6 mine. Harry Winston secures $100m credit facility. Lazare Kaplan to be delisted from NYSE. Japan’s May polished imports +3% to $47.4m. New York State establishes $100m mortgage fund for International Gem Tower.


RapNet Data: July 1, 2010

Diamonds 706,397

Value $4,481,037,223

Carats 788,031

Average Discount -30.83%

Rapaport News

Kimberley Process (KP) meeting ends in deadlock over Zimbabwe exports as local human rights activist Farai Maguwu remains in jail. Zimbabwe expected to resume exports shortly. Martin Rapaport ends three day fast protesting KP certification of blood diamonds and urges diamond trade not to trust KP certificates or system of warranty as proof of diamond's legitimacy. Smaller June Hong Kong show opens with mixed expectations. Indian market buying rough in expectation of better U.S. demand in H2 2010. Namibia rough diamond production +102% to 580,000 ct. in Jan-May 2010. Remgro selling 29% stake in Trans Hex. High net worth wealth +19% to $39 trillion in 2009 with uptrend in jewelry purchases. Gold hits new high ($1,265/oz).

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Australia Jewels Fair

London 2010

Η μεγαλη στιγμη πλησιαζει.Θα ειμαστε εκει

http://content.yudu.com/A1jpmj/2010salesbrochure/resources/index.htm?referrerUrl=http%3A%2F%2Fwww.jewellerylondon.com%2Fpage.cfm%2FLink%3D13%2Ft%3Dm%2FgoSection%3D3

Growing concern that European financial crisis may spread and affect the global recovery. Trading centers stable with moderate expectations for Vegas show. Good demand and trading volume for under the carat goods. Carat and larger sizes facing upward pressure due to shortages of rough. 2ct improving, 3ct hot, 4ct relatively weak. Signet 1Q sales +6% to $810m, profits +98% to $52m. Tiffany 1Q sales +22% to $633.6m, profits +165% to $64.4m. Zale 3Q sales -5% to $360m, loss +38% to $12.1m. Zimbabwe bans all diamond exports, including Rio Tinto production until KP’s Marange approval. China’s 1Q polished imports +127% to $260m. Damas appoints Anan Fakhreddin new CEO.


RapNet Data: May 28, 2010

Diamonds 674,177

Value $4,327,393,551

Carats 759,451

Average Discount -30.37%