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To: H James Morris who wrote (115454)	1/16/2001 8:21:49 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

Last year, De Beers sales of rough diamonds reached a record high of %5.67 billion, an increase of 8% compared with the previous year. James, Your comment above is correct. I was/am evaluating the effect of the excess rough on higher end finished goods. DeBeers was selling into market strength at the begiing of 2000 but demand died on the higher end side when the market dropped so much. Glenn, the rumor is Blue Nile will make an offer for De Beers, but don't hold your breath.LOL Speaking of Blue Nile; my opinion is the recent $15 million line of credit with GE Capital was done purely for publicity to legetimize Blue Nile as a real business in the eys of investors. Blue Nile is still private but their target market is higher end consumers who likely read press releases. According to the recent JBP comments on Blue Nile, they had plenty of cash from another round of financing. In addition, $15 million is a drop in the bucket for them so my guess is this line was provided with a so-sign for the positive PR. Is that a common practice among those involved with KP? Glenn