Archive for November, 2008
Luckily my dear wife is not a blogger or a blog follower, so she’s unlikely to read this, so I’m counting you to not let the cat out of the bag. I spend late last night browsing though the web history on our home pc to see what diamond items she’d looked at the most. It didn’t take long to see which item she seemed to prize the most.
For the Christmas, I’ve bought her this
Please keep this to yourself, I’m only really sharing it here so you can get some tips on how to buy your wife the perfect gift without her knowing, the gift she chooses for herself.
We blogged earlier in the month that diamonds are one of the safest investments during this time of crisis, whilst we still back this claim in the long run, we felt we should give you this update:
This week, according to PolishedPrices.com, the price of diamonds has in fact fallen b 10% since august. At the rough diamond end of the market, in which miners sell to diamondaires, industry-watchers are talking about even greater falls as people pay less for jewelry and diamondaires find it harder to borrow cash to buy gems.
So, perhaps even more so, we’re now entering a buyers market for diamonds. As we approach Christmas and Thanksgiving we should take a moment to be thankful for the beauty that is diamonds, and what better way than an end of year investment in the sparkling gem.
In this time of corporate consolidation there is always those who are brave enough to grow and develop, strengthening their position rather than cutting back and becoming more vulnerable to market forces. Graff, one o f the leading diamond dealers in the UK this week made a significant investment (4.5%) in Gem Mining. The following story was reported in MiningWeekly
Graff bought 2,824,744 shares in Gem Diamonds as an investment and confirmed that he did not intend to make a formal offer for the company, the report said.
“Graff intends to be a long-term investor,” Gem Diamonds said in a statement distributed by London’s Regulatory News Service.
In 2006, Graff acquired the 603 carat Lesotho Promise, which is the world’s fifteenth-largest diamond ever found; and in 2007, he bought the 493 carat Letseng Legacy, the world’s eighteenth-largest diamond ever mined. Both diamonds came from Gem Diamonds’ Letseng mine, in Lesotho.
“Gem Diamonds is an excellent company that produces some of the finest diamonds in the world today. Our investment in the company reflects our confidence in its fundamental value and in the management’s ability to realize this value for shareholders from its asset base. We are also very much looking forward to talking with the management of Gem Diamonds to explore ways of working together fruitfully,” said Graff
We picked up this post on another blog from a happy Diamonds-USA customer. We always like to hear positive experiences. We also like to get all kinds of feeback (even negative) so we can learn and implement new strateigies to give our customers better service. Here’s what one person had to say:
“Diamonds-usa.com have a very special place in my heart and I thank you very much for all your help, advice and most especially the stunning diamond.
Words cannot explain how good your service is and the unique and pleasurable experience it has been.
The same weekend I received the ring I proposed to my partner and she said YES!! On our wedding day I intend to give my fiancé diamond earrings and pendant to match. I look forward to purchasing from you again in the coming months.
As a Baron of the United Kingdom I whole heartedly endorse and recommend others to purchase from Diamonds-usa.com safe in the knowledge that their purchase will be secure and dealt with kindly, efficiently and above all honorably.
Yours truly, B. Tye”
Firestone Diamonds, has said it hopes to fast track the development of mines near Orapa and Tsabong in Botswana, Sunday Standard reported.
The diamond mining company said there has been “significant progress made in the scoping study,” adding that mine development may be advanced from the fourth quarter of 2009 to the first quarter, paving the way for commencement of production in the next two years.
“Our primary focus in the coming months is to complete evaluation work on
BK11 as soon as possible, with the objective of accelerating a mine development decision to early 2009,” Philip Kenny, CEO of Firestone diamonds said in an update.