Diamond Price Changes

We would like to draw your attention to the latest price increase on "Rapaport's price list".
The latest update, last Friday (Nov.30th), is the second price increase on both lists, rounds and pears, during November.


Diamond Market Report

Slow U.S. market worries overseas dealers counting on holiday sales. Credit concerns persist.
Indian market picking up, but small and mid-size manufacturers remain closed amid liquidity concerns.
Israel dealers holding back large clean goods to encourage sale of harder-to-move lower quality goods.
Belgium police seize computers from at least four companies amid corruption allegations.
Russian Faberge diamond-encrusted Easter egg sells for $18.55M. at Christies auction.
U.S. total Cyber Monday sales +21% to $733M.
2006 U.S. men's jewelry sales growth doubles to $6B, and share in 2007 on track to reach 12% of total U.S. sales.
Shanghai diamond conference draws attention to expanding $900M Chinese direct import market.


Gold Market Rport

Gold Settles at $783oz -4.5% for the week.

Gold prices fell 1.5% Friday near $785/oz. on profit taking, a firmer dollar and $89 oil.
Gold closed in NY down $12.10 to $783.10/oz. silver fell $.25 to $13.98/oz.
Gold prices fell 4.5% this week, but ended the month down just 1%.
As of Nov 30, 2007 for the year; gold is up 23%, silver is up 10.6%, the Nasdaq is up 9.1%,
The Dow is up 6.6% and the S&P is up 4.5%. With the U.S dollar now down nearly 10% in 2007 alone, U.S. stock indexes appear to be just barely keeping pace with real world inflation.

Meshulam Zehava Diamonds

International Diamond and Jewellery Trade & Projects
Israel Diamond Exchange, (Shimshon Bldg. Suites 1818-1820)
3rd. Zabotinsky St. Ramat-Gan 52520, Israel
Tel: 972-3-5750385 Fax: 972-3-5750335 Mobile: 972-54-3972494
Shay Meshulam (972)54-3972495
meshulm@bezeqint.net

Dear Friends,

"Although the trend in consumer spending clearly has slowed relativeto 2006, it is encouraging that in the face of increased headwinds,such as higher energy prices and increased worry about the housingmarkets, that consumers continue to spend modestly. October salesgrowth was 1.6 percent, the lowest monthly figure since 1995. We areforecasting a 2.5 percent year-over-year sales increase for November. "---Michael Niemira, chief economist and director of research International Council of Shopping Centers

Sincerely,

Shay Meshulam

Ohad (Audi) Tsanaani
U.S. Sales&Marketing



Diamond Newsletter (Nov.12th.07)

Diamond Market Report

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.
RAPAPORT Information that means Business

Diamond & Jewelry News Links

U.S. Polished Diamond Imports by Country, July 2007

Majority of U.S. Consumers Plan to Spend More this Holiday Season

Consumer Confidence Sours But Discretionary Cash Sets New Record!

Israel Looks to Capitalize On African Beneficiation

Israel Rough Diamond Imports and Exports, September 2007

Miami Antique Jewelry Show Reported Strong High-end Sales

ICSC: Consumer Spending During Holidays to Hold Steady

Gold's Historic High in Reach

Diamond Engagement Ring Calculator from GroomGroove.com

Huge diamond fetches over 12 million


Diamonds & Jewelry Security Links

Jewelers Security Alliance

Holiday Season Return Fraud on the Rise, says NRF