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Gold/Mining/Energy : Canabrava Diamond

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To: Lazarus Long who wrote (2130)	8/3/2000 11:51:25 PM
From: m.philli	Read Replies (1) of 2402

Thought I had better find somebody who agrees with me. Didn`t take long. www.diamondschina.com (news) .................................................... China Touted as Major Diamond Production and Consumption Center in the 21st Century China will become one of the major diamond cutting centers for small diamonds in the 21st century, as well as the third largest diamond consumption market forecasts Mr.Willie Yiu. Chairman of the HongKong Diamond Bourse. China rose from 14th place to the world's eighth largest diamond sales market in 1997 according to De Beer's Statistics. Mr.Yiu expects the Chinese government to Further reduces or modifies the existing import tax policy on Jewelry and diamonds the import tax on rough diamonds is 3 percent and 9 percent for polished diamonds. A identification center namely "National Gem Testing Center" was established by the Chinese government last year to issue certificates of authenticity for diamonds over 20 points (Testing Center Established to Monitor Diamond Quality in China) Rough Diamond Sales decline 4 percent in 1997 . Sales of rough diamonds by the Central Selling Organization (CSO) for 1997 were US$4.64 billion 4 percent , lower than the previous year's record sales of US$4.84 billion, a DeBeers statement said. Asian Financial Turmoil Drags Down Diamond Sales Japan's platinum,gold Jewelry Imports Decline Japan's imports of platinum jewelers totaled US$162.96 million ,or 2,654.4 kilograms for the first 10 months of 1997. A decline of 10 percent in both value and weight over the corresponding period last year.according to platinum gold international company. Platinum Jewelry Demand in China Creates New Market Opportunities. As the world's second largest platinum jewelry market China.Demand for platinum jewelry in China grew 100 percent in 1997. platinum chains and lower-price rings sell best.

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