Sorry this is a little later than usual because of my travel schedule. Speaking of which, I will at the Rio TInto conference in Chicago next week, and hope to have some report s from that as well …
And here’s the news:
De Beers class action settlement overturned.
– Final action “may take months longer.”
– Text of legal opinion.
Zale appoints chief stores officer.
Avon buys silver company.
JA worried about “conflict mineral” provisions in financial reform bill.
– Bill passes.
Kimberley Process and Zimbabwe reach deal
– Analysis by myself, Edahn and the BBC.
– Statements from World Diamond Council, NGOs.
– Arrested NGO released on bail. WDC hails.
– Mining minister won’t talk to Rapaport reporter.
Zim government considers new diamond act.
– Are mining moneys being diverted?
Diamond Congress Held in Moscow:
– Avi Paz reelected at WFDB. (And Moti Ganz at IDMA.)
– IDMA calls for restructuring of diamond financing.
– South Korean bourse admitted to WFDB.
– Leviev challenges miners to support business.
Sightholders don’t like new Botswana mining licenses.
– De Beers, Botswana discuss agreement.
Indian diamantaires worry about supply.
– … and tax raids.
Naomi Campbell diamond testimony postponed.
Mumbai diamond trader arrested for fraud.
Esmerian seeks reorganization.
New research may aid diamond exploration.
Analyst cautious on Blue Nile.
– Bidz sees decline, may launch stock buyback.
Harry Bock dies.
New director at Graff Chicago.
United Brands makes appointments.
Feds: Jeweler was shot in Mafia case.
Man sues to get $100K engagement ring back.
Media Watch:
WSJ blog goes to diamond district.
Industry responds to last week’s Washington Post piece.
Video:
My interview with Christopher Ellis, Consensus Advisors.
From the Blog
The Kimberley Process’ Latest Near Death Experience.
Report from World Diamond Congress, Day One.
Have a great weekend …
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