Post by sandi66 on Nov 9, 2007 13:41:57 GMT -5
New: Plunging dollar with surging gold and oil prices will drive prices higher for large stones and may hurt holiday sales of inexpensive jewelry. Stage is being set for high inflation and volatile markets. Holiday trading activity exceeding expectations.
U.S. market improving even as credit concerns persist. India closed for Diwali holiday. Israel market narrowing for better big stones in strong demand with +10 carat selling for 50% premium. Russia's Gokhran sells 24,383cts of rough for $70.8 million in auction of large +10 carat goods. Blue Nile 3Q07 sales +26% to $67 mil. and profits +63% to
$3 mil. Israel’s October polished exports -1% to $605.54 mil. and rough imports -19% to $439.93 mil. Zale 1Q08 sales -1% to $378 mil., same-store sales flat. Signet 3Q07 sales +10% to $697 mil. and same store sales +3.2%. Kimberley Process accepts Congo as participant.
U.S. market improving even as credit concerns persist. India closed for Diwali holiday. Israel market narrowing for better big stones in strong demand with +10 carat selling for 50% premium. Russia's Gokhran sells 24,383cts of rough for $70.8 million in auction of large +10 carat goods. Blue Nile 3Q07 sales +26% to $67 mil. and profits +63% to
$3 mil. Israel’s October polished exports -1% to $605.54 mil. and rough imports -19% to $439.93 mil. Zale 1Q08 sales -1% to $378 mil., same-store sales flat. Signet 3Q07 sales +10% to $697 mil. and same store sales +3.2%. Kimberley Process accepts Congo as participant.