Israel exported a net of $1.451 billion worth of polished diamonds in the first quarter of 2010, a 55 percent increase compared to the first quarter of 2009, Diamond Controller Shmuel Mordechai announced Wednesday. A sharp rise in rough diamond trade was also reported.
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Belgium’s polished diamond market is continuing its recovery from the global recession, posting a double-digit growth in exports and imports. Belgium exported in February 582,934 carats of polished diamonds worth $875.26 million, a 1 percent growth in volume but a 15.4 percent growth in value, underscoring the rising prices of the goods.
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Signet Jewelers has made a $50.9 million prepayment to its note holders, the specialty retail jeweler announced Tuesday. The payment was made in accordance with its note purchase agreement as amended on March 18, 2009.
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Online jewelry retailer Bidz.com reported net fourth quarter revenues of $27.5 million, a drop from the $35.1 million in the fourth quarter of 2008. Bidz’s revenues for the year ending December 31, 2009 were $110.4 million, compared with $207.4 million in 2008.
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A 46.4 percent drop in Rio Tinto’s diamond sales resulted in a $68 million loss for the company in 2009, the miner reported Thursday. Sales dropped to $450 million and production was reduced by 33 percent to 14.026 million carats for the full year.
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Rockwell Diamonds Inc. has completed the private placement of the recapitalization financings they announced in December 2009, having raised C$8.6 million (US$8.1 million), the company announced Tuesday.
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Embattled jewelry retailer Finlay Enterprises reported $122 million in merchandise sales during December, according to a filing with the U.S. Bankruptcy Court Southern District of New York. Finlay reported a net profit of $27,419 for December against a net loss of $85 million for the period since it filed for bankruptcy in August, 2009.
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Japan’s polished diamond imports fell 19.7 percent in 2009 to $619.2 million, averaging $285.55 per carat, according to figures published by The J Club Japan, Inc. The declining imports seen throughout last year rebounded somewhat in December, when the country imported $43.9 million worth of polished diamonds, 0.9 percent less compared to December 2008.
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Gokhran, the Russian State Precious Metals and Gemstones Repository, sold $45.32 million worth of rough diamonds to Russian buyers in 2009, according to an Interfax report. The bulk of these sales, $13.46 million, were at the two auctions for large diamonds weighing +10.8 carats Gokhran held during the year. Some 5,500 carats of large goods were sold at the auctions.
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Rockwell Diamonds has raised approximately $7.4 million of the planned $12.5 million of financings it announced December 2, 2009. The diamond miner also intends to increase the originally planned $12.5 million of financings by approximately $2.2 million, approved by the Toronto Stock Exchange.
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