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Israel Gives $284M Boost to Diamond Trade
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The Israeli government has pledged $284 million (NIS 1 billion) to guarantee bank loans to diamond companies in an effort to easethe trade’s severe credit difficulties. A lack of credit is stifling growth, especially among the smallerfirms that constitute...
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Financial-Legal
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Feb 14, 2018
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Rapaport News
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U.S. Consumer Confidence Index +13%
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U.S. consumer confidence rose 13 percent year on year to 90.9 points (1985=100) in July, according to the Conference Board Consumer Confidence Index®. The Index was also up from 86.4 points in June. Compared with one year...
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Retail
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Jul 29, 2014
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Jeff Miller
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U.S. Jewelry Store Sales +2%
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U.S. jewelry store sales rose 2.2 percent year on year to $2.376 billion in March. The increase was in line with overall U.S. jewelry and watch sales growth during the month, which improved 2.3...
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Retail
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May 13, 2014
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Jeff Miller
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U.S. Consumer Confidence +21% in April
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The Conference Board's Consumer Confidence Index® jumped 21 percent year on year to 82.3 points in April, while the Present Situation Index rose 30 percent to 78.3 points and the Expectations Index was up 16 percent to 84.9. Nonetheless,...
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Research
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Apr 29, 2014
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Jeff Miller
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U.S. Jewelry Stores Sales +7% to $2B
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U.S. jewelry store sales rose 6.9 percent year on year to $2.113 billion in January, according to government data that was released today. The increase was further strengthened by a 1.7 percent decline in the consumer price...
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Research
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Mar 13, 2014
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Jeff Miller
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Factors Influencing India's Economy, Gems Sector
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Dr. Suresh Surana, the founder of RSM Astute Consulting Pvt. Ltd., provides an outline of the external factors that are influencing India's economy. Surana discusses the significant weakening of the country's economic growth outlook,...
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Polished Markets
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Oct 02, 2013
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Rapaport News
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U.S. Jewelry Store Sales +8% to $3B
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U.S. jewelry store sales jumped 7.6 percent year on year in the month of May to $3.014 billion. Excluding the month of December, which historically records the highest monthly total for jewelry sales, May's figure...
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Retail
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Jul 15, 2013
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Jeff Miller
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Research
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Dec 03, 2012
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Dilipp S Nag
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ASSOCHAM Expects Short Term Improvement in Indian Economy
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India’s economic situation will likely improve significantly at the critical macro-level and for industry in the next six months, according to the latest ASSOCHAM Bizcon Survey (ABS). This is despite the fact that current domestic demand remains weak and the global markets remain uncertain,...
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Financial-Legal
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Oct 23, 2012
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Dilipp S Nag
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Fluor Completes Jwaneng Expansion
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Fluor Corporation completed its infrastructure and plant upgrades for Debswana's Jwaneng Cut-8 expansion project in Botswana. Fluor provided engineering, procurement and construction management services for the mine, which is the richest diamond...
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Mining
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Sep 19, 2012
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Rapaport News
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India’s Growth Expected to Slow for Fiscal 2013
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India’s economic growth is expected to slow to around 6 percent to 6.3 percent in fiscal 2013, according to an ASSOCHAM survey of economists and industry leaders. Growth is being impacted by the a decrease in industrial growth and its impact on the service...
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Financial-Legal
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Aug 06, 2012
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Dilipp S Nag
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India’s Wealthy Consumers Continue to Spend Despite Weak Economy
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India’s ultra-high-net-worth individuals (HNIs) have not curtailed their spending on luxury items due to the current economic slowdown, but they have turned cautious regarding their investments, according to a study conducted by Kotak Wealth Management...
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Research
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Jul 03, 2012
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Dilipp S Nag
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Shine: Market Fundamentals Signal Growth
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Varda Shine, the Diamond Trading Company's (DTC) chief executive, discusses how market conditions are shaping the second half of 2012. In this video, she shares observations from the JCK Vegas show; Indian...
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Rough Markets
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Jun 06, 2012
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Rapaport News
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India’s Gold Imports May Hit $100B by 2016
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India’s gold imports by value could reach $100 billion by 2015-16 if the government does not monitor inflows more strictly, warned the Associated Chambers of Commerce and Industry of India (ASSOCHAM). India's recent 2012 budget...
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Financial-Legal
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Mar 21, 2012
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Dilipp S Nag
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Diamonds & the Global Economy
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The global economy has not had a bumper year. The extent to which growth in emerging markets can compensate for weaknesses in mature ones has diminished with each crisis. The Euro-zone catastrophe has spread...
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Research
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Nov 25, 2011
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Avi Krawitz
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IMF Says the Economy Hit a 'Dangerous New Phase'
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The International Monetary Fund (IMF) lowered its expectations for economic growth due to "multiple shocks" and insufficient rebalancing efforts by the major economies. The global economic recovery is slowing, with world growth now projected at 4 percent in both 2011 and 2012, down from an earlier prediction...
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Research
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Sep 20, 2011
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Jeff Miller
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Zale's 4Q Sales +9%, Net Loss Rises to $33M
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Zale's fourth-quarter sales rose 9.4 percent year on year to $377.3 million for the three months that ended on July 31, 2011. Same-store sales rose 9.8 percent and at a constant exchange rate with Canada,...
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Financial-Legal
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Aug 31, 2011
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Jeff Miller
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Manufacturing
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Mar 31, 2011
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Jeff Miller
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Bain & Co. Expects Luxury Goods Sales to Rise 10%
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Bain & Company predicted a 10 percent increase in worldwide luxury goods sales for 2010, according to their annual '‘Luxury Goods Worldwide Market Study.'’ The group also determined that for the luxury goods sector...
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Retail
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Oct 18, 2010
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Denise Romano
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RJC Selects SGS to Audit Members
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The Responsible Jewellery Council (RJC) selected a second auditing firm to carry out third-party reviews of its membership's business practices. SGS, based in Geneva, has considerable jewelry industry expertise and a global presence that will serve RJC, according to the company's announcement. SGS inspects, verifies, tests...
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Fair Trade
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Jul 12, 2010
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Jeff Miller
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