Diamonds in the News: Steinmetz wants that Jaguar Diamond back!

Excerpt:

As reported previously, when Christian Klien slammed his F1 Jaguar into the barrier during the Monaco Grand Prix, after getting tangled up on the run down from Mirabeau, the recovered wreckage did not include one of the valuable Steinmetz diamonds fixed rather optimistically to the nosecones of the Jaguars as part of a joint promotion between the two companies.

Diamonds in the news: DIAMOND SALES UP 38% AT TRANS HEX.

Excerpt:

Diamond sales at South Africa’s Trans Hex Group for the year ending March 31st 2004 were 38 percent higher in dollar terms at US$144.1 million, compared to US$103.7 million one year earlier, while in terms of rand the increase was 9.5 percent.
Attributable income for the year fell by 15 percent, resulting in an 18 percent decrease in headline earnings per share in rands, though in constant currency and diamond price terms, headline earnings per share rose by 29 percent over last year. In dollar terms, the headline earnings per share increased by 12 percent to 31 cents from 27 cents for the comparable period of 2002/2003.

Jewelry in the news: Council approves new downtown jewelry store.

Excerpt:

The St. Helena City Council decided on a quartet instead of a trio at its meeting Tuesday when it voted to approve a fourth jewelry store on Main Street. The vote was 3 to 1 to support the Planning Commission recommendation to grant a use permit to Lydia Wilson to do business as Marlowe & Company Jewelers.

Diamonds in the news: Jaguar's crash proves costly with loss of diamond.

Excerpt:

Christian Klien, slammed his car into a metal barrier at a hairpin turn on the first lap of the Formula One race.
"We're searching a very large area for a very small diamond," Jaguar spokesman Nav Sidhu. "We're not expecting someone to turn up and say, 'Hey, we've found your diamond.'"
Jaguar will reward anyone who does hand in the 108-carat gem with a new X-series car worth 25,000 pounds, Sidhu said. Jaguar, owned by Ford Motor Co., had a diamond fitted in the nose of both its race cars (Mark Webber drives the other car) as part of an accord with Steinmetz Diamond Group.

Jewelry in the news: Maria adds glitter to fundraising.

Excerpt:

It seems Maria Shriver is taking her role as California's first lady seriously. And guess what is her way to contribute to the California State Protocol Fund. She has launched her own jewellery line.
According to National Enquirer, Shriver, Arnold Schwarzenegger wife is working with a LA designer to create jewelry for her Maria Shriver California Jewelry collection.

Diamonds in the news: Tri-Valley Exec to Visit Canadian Diamond Mines.

Excerpt:

F. Lynn Blystone, president and chief executive officer of Tri-Valley Corporation (Amex: TIV - News) in Bakersfield, California, has been invited to join a select group of the Alaska Miners Association to tour the Ekati and Diavik diamond mines in the remote Canadian Northwest Territories.

Jewelry in the news: LJ International Names Former CEO of Largest Jewelry Retailer in Far East as Head of Company's New China Unit.

Excerpt:

LJ International, Inc. (LJI) (Nasdaq: JADE - News), one of the fastest-growing fine jewelry companies in the world, today announced that Elliott Yuen, (48), will become chief executive of the Company's new China Division beginning June 1, 2004. Mr. Yuen, comes to his new position with over two decades of award- winning experience managing international brands in the Asia-Pacific region.

Jewelry in the news: Postal worker accused of stealing jewelry.

Excerpt:

Federal officials say a veteran U-S Postal Service employee stole jewelry from the mail and sold the rings, necklaces and bracelets for thousands of dollars at a pawn shop.

Diamonds in the news: Lateegra Signs Agreement with Aggressive Diamond Drilling.

Excerpt:

Lateegra Resources Corp. (TSX VENTURE:LEG) (FRANKFURT:LTG) announces it has entered into an agreement with Aggressive Diamond Drilling Ltd whereby Aggressive will carry on surface diamond drilling and other service's on the Company's Todd Creek and Poly Properties located in the Stewart area. The work is to consist of a series of drill holes at a minimum of 700 meters, but total footage may extend beyond 1600 meters.

Jewelry in the news: Moody's rates Finlay Fine Jewelry senior notes B1.

Excerpt:

Moody's Investors Service assigned a B1 to Finlay Fine Jewelry Corporation's proposed senior notes. The outlook was changed to stable from positive. The followings rating were assigned: Finlay Fine Jewelry Corporation: Senior implied of B1; $200 million senior unsecured notes of B1; Senior unsecured issuer rating of B1. The following ratings were withdrawn: Finlay Enterprises: Senior implied rating of B1; Senior unsecured issuer rating of B3. On May 7, 2004, Finlay Enterprises and Finlay Fine Jewelry began a cash tender offer and consent solicitation for $75 million senior debentures at Finlay Enterprises (holding company parent of Finlay Fine Jewelry) and $150 million senior notes at Finlay Fine Jewelry (operating company).

Diamonds in the news: SouthernEra gets DRC diamond permits.

Excerpt:

Canada's SouthernEra Resources has been awarded 41 exploration permits in the Democratic Republic of the Congo (DRC) for diamonds.
These permits are focused around the historical diamond-mining centre of Mbuji-Mayi in the Kasai-Oriental Province.
In the mid-1980s this province was producing up to 20 million carats of diamonds per year and has produced two of the 'top-ten' largest gem quality diamonds in the world.
In June 2003 the DRC Mining Registry (Geological Survey) was opened for the first time under the new World Bank-funded Mining Code (Law 007/2002).
The new Mining Code, which conforms to world best practice, has resulted in renewed interest in the DRC on the part of international exploration and mining companies.

Diamonds in the news: Diamond Discoveries Updates Website.

Excerpt:

Diamond Discoveries International Corp. (OTCBB:DMDD) is pleased to announce the launch of it's newly designed website reflecting managements commitment to providing timely and accurate information to our shareholders and the public. The website will continue to be updated on an ongoing basis. www.diamonddiscoveries.com
Diamond Discoveries International Corp. would also like to announce that we will be exhibiting at the New York Diamond Expo 04 on June 2 and 3, 2004. We look forward to all existing shareholders and potential investors to visit us at our booth No. 1510.
About New York Diamond Expo 2004
Open for the first time to qualified private investors, the New York Diamond Expo presents investment and diversification opportunities with the leading explorers and producers of rough diamonds. Significant emerging prospects in Canada are featured at this conference which draws the world's top global mining executives, government policy makers, natural resource analysts and financial advisors.

Jewelry Design in the News: Northern artists selected to design Tiffany's jewelry.

Excerpt:

Famed jewelry retailer Tiffany's has set its sights on Canada's North, selecting the designs by Canadian artists for a new line of jewelry.
Tiffany's will transform designs by stone carver and jewelry designer Inuk Charlie of Cambridge Bay and Dene painter Archie Beaulieu, from the Rae-Edzo region of the North West Territories, into gold and diamond jewelry.

Diamonds in the news: Alrosa targeted at diamond market of Japan.

Excerpt:

Russia's diamond giant Alrosa will negotiate in Japan May 23-29 on its participation in Japan's diamond business over the visit of Sakha's government delegation to Japan, sources with the company told AK&M.

Purchase of mining equipment from Japanese makers will be the 2nd core issue.

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