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Asian Top Diamond Producer in World
October 19, 2007
China Expects to Double Diamond Imports Within 3-5yrs to Feed Demand | www.diamonds.net
1. China expects to double its Rough Diamond Import in next 5 to 3 years 2. This year China import of rough diamond increased by 60%. 3. India has import about $4,225 million rough or polish diamond in first six months of 2007. 4. Both Countries contributing a lot in this trade.
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Tiffany Shaping Up or Going Down
October 17, 2007
New U.S. Store Format to Accelerate Number of Tiffany Locations | www.diamonds.net
1. Tiffany & Co. shaping its strategy. 2. Tiffany is looking to open 12 stores per year said to be Format Stores in US. 3. The size of store is going to be about 2,000 square feet. 4. They are also looking to open 5-7 Collection Stores per Year in US with the size of 5,000 square feet. 5. Tiffany & Co. wants to hold US jewelery market with its number of Stores. 6. Tiffany expecting to have 170 stores In US itself.
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Titan Indian Watch Market Boss
October 1, 2007
Titan sees net profit up 50 pct in FY08 | in.reuters.com
1. Titan a subsidary of TATA Group grows the profit by 50% in FY08. 2. Revenue grows by 47% to 31.5 billion in 2007. 3. EBITDA margin is likely to remain at about 11 percent. 4.Company expect to sell 10 million watches in next FY08 period.
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September 28, 2007
UPDATE 3-Finlay to buy Bailey Banks & Biddle for $200 mln | today.reuters.com
1. Zale is selling its High End Jewelery Brand Bailey Banks to Finaly Group for $200 million. 2. Zale wish to focus on its core bussiness fr which they take this step. 3. Now their management can focus completely on it. 4. Now they can improve thier earnings easily. 5. Finlay excited about the deal and looking to acquire luxury segment in the market.
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Titan Ruling Indian Watch Industry
September 21, 2007
Titan to sell Hugo Boss watches | www.moneycontrol.com
1. Titan Industries a Subsidary of TATA Group will operate and distribute Movado Group brand Hugo Boss in India. 2. Titan is licensee to have trade licensee with few other International Brands in futhure. 3. Agreement term is of 5years for First Phase. 4. Hugo Boss Collection will called by the name of "Boss Black Collection".
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September 21, 2007
De Beers eyes 51% in Rajesh Exports | economictimes.indiatimes.com
1. Rajesh Export an Gold Jewellery manufacturer, Retailer and Exporter have an eye. 2. De Beers looking on to be 51% stake holder of Rajesh Export. 3. It will help De Beers to be in Indian Retail Sector.
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September 21, 2007
Titan for bigger play with Movado | economictimes.indiatimes.com
1. Titan Industries join hands with Movado Group for Indian Market. 2. Titan Industries is the key player in Watch Industry in India. 3. Titan will operate all Movado Brands.
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September 17, 2007
China, India's Boom Leads Sparkling Diamond Industry | www.diamonds.net
1. Global Demand of Diamond has grown up. 2. Specially India and China is leading in it. 3. Stats given by DTC and De Beers according to which China and Indian sectors have huge demand of diamonds and luxury goods. 4. Possibly demand will improve in coming futhure.
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September 13, 2007
Blue Nile's Soaring Stock Is Opportunity To Sell | seekingalpha.com
1. BlueNile is the Best Online Store.
2. The place where you can Customise your choice with no issue of the quality.
3. Company earning incrased 23% this year in Second Quarter.
4. A Trusted and Reliable Online Store. -
September 11, 2007
Zale to continue streamlining operations | www.reuters.com
1. Zale improving its Business Policies. 2. Continue with Mall Based Stragety 3. Will open new stores.
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September 11, 2007
That was then, this is now for gold | www.marketwatch.com
1. Gold prices likely to increase more in 3rd quarter of 2007 2. Lower Sales growth is expected for Jewelers. 3. Last year inspite of High Price Jewelers got good response all over the world during this period. 4. This is till now it seems to be tough.
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September 10, 2007
UPDATE 2-Signet H1 profits up 3.2 pct, outlook uncertain | today.reuters.com
1. Signet profits grew 9% to $36.7 million in second Quarter of 2007.
2. Company getting good response in UK and doing well in US.
3. US sales increase by 2.2%.
4. Signet expecting much more from this year. -
August 27, 2007
Eurostar Puts Plans in Motion for Growth in China | www.diamonds.net
1. EuroStar Antwerp Based diamond jewelery manufactring company plans its growth in China. 2. It is estimsted that they are going to invest $30 million in thier Chinese Office. 3. They have tied up with an unknown Italian Jewelery Manufacterer to manufacture for them in China. 4. Company has many plans and monopolies to go for the Chinese Market. 5. They are planning to Launch a Special International Brand for China.
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August 27, 2007
Tiffany & Co. To Sell Tokyo Property To Goldman Sachs | www.diamonds.net
1. Tiffany & Co. the most recongnised brand International is selling its Tokyo property. 2. Goldman Sachs is in talk to purchase the property from them. 3. $318 million is what the deal price for the property. 4. Tiffany's Japan result were poor this year. 5. This might be a set back from those results. 6. But they ahve earned a lot from that deal as they purchased it for $140 million in 2003.
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After Toys Now its Toxic Jewellery
August 22, 2007
Toy Store Admits Selling 'Toxic' Jewellery | news.sky.com
1. After Toys from China Now its Jewelery manufactured in China.
2. UK based store reported about Toxic Jewelery which was imported from China.
3. They are investigating the whole issue but although it raise a Alarm for everyone.
4. We all know Chinese product are cheap but we have understand that Cheap with labor or quality. -
August 22, 2007
Saks Narrows Loss in 2Q07, Sales +15% | www.diamonds.net
1. Sale Rose by 14.2% to $694.1 million.
2. Sacs tryied to control his losses which was $26 million last year 2006 for the same period to $13.6 million this year in 2007.
3. They are really working fine to improve the earning of their company
4. We can expect that by the next year company will shows some profit as all employees are motivated with these results -
August 20, 2007
Gold Demand +27% to $20B in Second Quarter | www.diamonds.net
World Gold Council Report for th Second Quarter of 2007 says that Gold demad has rose to 27 percent to $19.8 billion for the three months ending June 30, 2007. This high demand is due to hike in Dollar demand in Gold Jewelery. And also for investment purpose in India China Showing great results in terms of Retail Market now and strong sales given the rise in demand to it. India's main festive season is still have to come so we can expect more demand in coming months beacuse of Festive Season in India and Chrismas Season around the World.
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Great Work Seems to be Result for Taylor this Year
August 16, 2007
House of Taylor Turns a Profit in 2Q07 | www.diamonds.net
The House of Taylor sales rose to $4.8 million by 93% in comparison to last year. Profit of about $24,849 reported by the company in Second Quarter after a loss of $289,656. Gross Profit rose to 339% to $764,066. Sales in the first fiscal half rose 142 percent to $9.32 million. House of Taylor's first half loss grew 24 percent to $2.97 million.
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August 14, 2007
Finlay reports fall in quarterly same-store sales | www.reuters.com
Jewelry retailer Finlay Enterprises reported second quarter sales were basically flat at $148 million, down $1.3 million. Same-store store sales for the three months ending August 4, 2007 decreased 3.6 percent. This is a Worry Sign not only Finlay but for others too beacuse fall has seen to many Stores.
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August 13, 2007
Tiffany to Open 54th Boutique in Japan | www.diamonds.net
Tiffany Opening its 54th Boutique in Japan. Tiffany result this year for Japan is not good. Its all seems to be of no use as Tiffany is not gaining anything from Japan.
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