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%