Demand for diamonds jumps in India 2011

Demand for diamonds jumps in India 2011


MUMBAI - - Demand for diamonds jumps in India 2011 : A new story appears to be playing out in India with regard to diamond consumption. Demand for the precious stones set in jewellery surged 31% in India in 2010, as compared to diamond jewellery demand in China which grew by just 25%.


Currently, India accounts for 10% to 11% of global consumption. India's fetish for diamond jewellery has grown faster than that of China, according to Diamond Trading Company (DTC) CEO Varda Shine.


The DTC CEO who was in Mumbai at the start of the week said that De Beers and the DTC were pretty bullish on India. She noted that diamantaires in India have the most sophisticated, innovative and successful business sense and practices.


``If one looks into the competitive business process of selecting sightholders for DTC, I have no doubts that most of them will be Indians this year,'' she said. As demand outstrips supply, the CEO noted that the long-term outlook for diamond prices is set to rise.


The new sightholder list is to be announced by the end of 2011, for the period between April 2012 to March 2015, but the DTC CEO avers that India stands to get a large share of DTC's roughs pie.


Though the Indian consumer is content with smaller stones as compared to the Chinese consumer, demand is set to rise further this year, she added.


Growth in demand from India is based on the consumption of small diamonds in large volumes, around 80% of the carats consumed in India are small diamonds. In comparison, 80% of the carats consumed in China are of 0.5 carat and larger.


After India and China, the US market continues to account for 38% of global diamond demand. Shine noted that the US market is expected to grow in high single digits this year.


India is the largest diamond cutting centre and largest customer of rough diamonds, responsible for around 72% per cent of the worldwide consumption.


China and Israel corner only 11% and 7% of global rough consumption, respectively.


And, as diamond miners continue to struggle to keep pace with the growing demand from India and China, prices of roughs have reportedly risen as much as 91% from a six-year low in early 2009.


However, Shine expects a slowdown in India this year, starting now. Growth is expected to slip to 20% in 2011, as against 31% in 2010.


``We expect a slight slowdown in the ongoing current second quarter, but hope the industry in India will continue to grow,'' Shine said.


DTC's four-member delegation, led by Shine, was also scheduled to review its sightholders in India. DTC sells around 40% of the world's rough diamonds by value and has around 35 sightholders in India, of which 18 are based in Surat alone.


However, Rajeev Jain, chairman of the Gems and Jewellery Export Promotion Council was not worried. ``The US is still the single largest diamond jewellery consumer market. India and China would together cross the US demand by 2015,'' he said.


Incidentally, miner and luxury jewellery retailer Harry Winston Diamond Corporation said that prices for polished diamonds have risen 9.5% this year and are expected to firm up further as producers struggle to meet Chinese and Indian demand.


An official reportedly said that earlier the diamond in Indian culture was not fully recognised except for the highest-ranking individuals, but the appreciation of the gems has now penetrated the middle class, which will push demand even higher. --- Read More



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Golden Valley Mines Provides Update on Corporate Reorganization

Golden Valley Mines Provides Update on Corporate Reorganization : Golden Valley Mines Provides, Corporate Reorganization, Nunavik Nickel Mines Ltd, Uranium Valley Mines Ltd., Supreme Court of British Columbia, TSX Venture Exchange, Supreme Court of British Columbia, Calone Mining Ltd


Golden Valley Mines Provides Update on Corporate Reorganization
Golden Valley Mines Ltd. ("Golden Valley" or the "Company") (TSX VENTURE:GZZ) is pleased to announce that it has entered into an Arrangement Agreement with three of its subsidiaries, being Abitibi Royalties Inc., Nunavik Nickel Mines Ltd. and Uranium Valley Mines Ltd. (the "Subsidiaries") to effect its previously announced corporate reorganization. It has also submitted to the TSX Venture Exchange (the "Exchange") formal applications to list the common shares of the Subsidiaries on the Exchange. Golden Valley intends to seek shareholder approval of this proposed reorganization at an annual and special meeting of its shareholders scheduled to be held on or about June 30, 2011.


There can be no assurance that the reorganization will be accepted by the Exchange as proposed, or at all. In addition, completion of the proposed reorganization is subject to the approval of the Company's shareholders and the Supreme Court of British Columbia. Accordingly, no assurance can be given that the proposed reorganization will be completed as contemplated, nor that Golden Valley will achieve its reorganization objectives.


Additionally, Golden Valley will not, at this time, be making an application to list the common shares of Calone Mining Ltd., one of its subsidiaries, on the Exchange as previously announced.


About Golden Valley Mines Ltd.: The Company typically tests initial grassroots targets while owning a 100% interest therein and then seeks partners to continue exploration funding. This allows the Company to carry on its generative programs and systematic exploration efforts at other majority-owned grassroots projects. The Company (together with its various subsidiaries) holds majority property interests in projects in Canada (Saskatchewan, Ontario, and Québec) and in the Republic of Sierra Leone in West Africa.


The Company has formed three subsidiaries to hold advanced projects and/or projects that are peripheral to its core business plan (grassroots exploration) and/or outside of its main area of operations (Abitibi Greenstone Belt) and has made applications for the listing of their shares on the Exchange, namely (1) Abitibi Royalties Inc. (which holds the Malartic CHL project, an option/joint venture project with Osisko Mining Corp. ("Osisko"), a 2% NSR on the Malartic CHL prospect held by Osisko, and the Luc Bourdon and Luc Bourdon West Project, an option/joint venture project with Noront Resources Ltd. and White Pine Resources Inc.), (2) Nunavik Nickel Mines Ltd. (which holds the Company's advanced nickel-copper-PGE projects situated in the Nunavik Region of Québec, including the Fortin property), and (3) Uranium Valley Mines Ltd. (which holds the Company's 40% interest in the Beartooth Island Project, a joint venture with Ditem Explorations Inc., and the Company's 50% interest in the Otish/Mistassini Project, a joint venture with Lexam VG Gold Inc. (formerly Lexam Explorations Inc.) and which is anticipated to hold other advanced uranium joint venture projects). There can be no assurance that the reorganization will be accepted by the Exchange as proposed, or at all. In addition, completion of the proposed reorganization is subject to the approval of the Company's shareholders and the Supreme Court of British Columbia.


Forward Looking Statement: This news release contains certain statements that may be deemed "forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Golden Valley believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Golden Valley's management on the date the statements are made. Except as required by law, Golden Valley undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. ... Read More






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canada gas prices forecast summer 2011

canada gas prices forecast summer 2011 ; will gas prices go down in canada, will gas prices come down 2011, canada gas prices summer 2011, how high will gas go in canada summer 2011, gasoline price canada, will the cost of gas go up in Canada, summer gas prices 2011, truth behind gas increases in canada in 2011, summer 2011 gas prices canada 


 Canadian consumers could wind up paying $12 billion in higher fuel charges in 2011 if soaring gas prices stay in place for the rest of the year, according to a new report released Monday.

CIBC Economics, the economics arm of the Canadian Imperial Bank of Commerce, said higher pump prices for all of 2011 would translate into $950 getting sucked out of each Canadian household to feed their cars and trucks.

Higher gas prices to bite Canadian drivers
If that's true, Canadians will pay $12 billion, or $950 for each household in higher gasoline prices, in 2011, close to a record as a percentage of home consumption, CIBC estimated. Read More...

Addressing social acceptance of wind power in Canada
The Canadian Wind Energy Association (CanWEA) released a WindVision document for Quebec which proposes a viable path forward for wind power development in the province from 2015-2025. Read More...

Vision Airlines Heats Up Summer with Sizzling $59* Florida Fares
Sizzling Summer Seat Sale just in time for family vacations. Beginning Monday, April 11( ), 2011 and ending Sunday, April 24, 2011 at 11:59 pm eastern time, passengers can purchase these great $59* fares to and from many of their favorite Florida vacation spots. Passengers must complete travel by June 15, 2011. Vision Airlines services 11 states in the Southeast with non-stop flights to and from NW Florida Regional Airport, located at Destin/Ft Walton Beach. Read More...

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average gasoline price first quarter 2011

average gasoline price first quarter 201 1: into the Chevron-operated Wheatstone Project as a natural gas .... During the first quarter of 2011, co sold 34305 ounces of gold at an average price of ... Gas-Rocky Mountain "Bid Week" Avg. $/MCF 5.03 3.53 3.40 3.33 3.83 3.71 Average .... NOTICE Chevron's discussion of first quarter 2011 earnings with security ... and natural gas prices; changing refining, marketing and chemical margins; ...


5:03AM INX Inc. to delay its scheduled Q4 financial and restatement results (INXI) 7.13 : Co announces it must further delay the announcement of financial results for its fourth quarter and year ended December 31, 2010 and the results of the restatement of certain prior period financial statements. "We are disappointed that we must further delay the announcement of our operating results. We intend to file with the SEC, announce results, and reschedule the investor webcast and conference call as soon as we are able to do so, which at this time we expect will be within a few days."


3:57AM On The Wires (WIRES) :
• SYNNEX (SNX) announced that the co has added the capability to develop mobile applications on the Windows Phone 7 platform, as well as the launch of the Technology Solutions Division OnDemand IT group's managed services portfolio, allowing resellers and managed service providers the opportunity to offer a comprehensive and unique suite of services to SMB, mid-market and government end customers.
• RealD (RLD) and the Royal Opera House announced that the cos are collaborating on the filming of Madama Butterfly in 3D for release exclusively in RealD 3D-equipped theatres worldwide.
• Ecopetrol (EC) has received from the Colombian Ministry of Finance and Public Credit press communication of the Constitutional Court of Colombia regarding the unenforceability of a Legislative Decree, which aimed to make viable the partial transfer of the stocks owned by the Nation - Ministry of Finance and Public Credit in Ecopetrol S.A. up to a maximum of 10%.
• BGC Partners (BGCP) announced that its money broking joint venture, China Credit BGC Money Broking Co has been granted product licenses approval by the PBOC to offer interest rate swaps, bonds and interbank cash deposits products to Chinese and foreign banks in China.
• Global Sources' (GSOL) largest-ever spring electronics sourcing trade shows open at Hong Kong's AsiaWorld-Expo with more than 3,260 booths, which is an increase of 23% from the spring events last year.
• ACiG Technology, a supplier and distributor of RFID products and a business unit of Identive Group (INVE), announced that is has been selected as the exclusive supplier of near field communication RFID stickers for the roll out of Google's marketing campaign for Google Places in Austin, Texas.
• Dow Chemical (Dow) introduced DOW SOFT TOUCH Polypropylene Resin, a family of breakthrough single-pellet resin solutions for the efficient production of mono-component spunbond nonwoven fabrics that exhibit remarkable softness and drape while retaining the physical properties of polypropylene nonwoven fabrics.
• VASCO Data Security International (VDSI)  announced that its DIGIPASS as a Service platform is now available for Google Apps.
3:02AM NewLead intends to issue ~$120 mln of senior secured bonds due 2016 in the Norwegian bond market (NEWL) 2.19 : The net proceeds from the offering will be used to finance certain vessel purchase commitments, to refinance the debt of certain vessels, and for general corporate purposes.


1:57AM Cobalt International Energy prices 31 mln shares of common stock at $14 per share (CIE) 14.20 : Co intends to use the net proceeds from the offering to fund its capital expenditures and for general corporate purposes.


1:56AM GMX Resources repeorts record 1Q11 production and provides guidance for Q2 (GMXR) 5.93 : Co announces has achieved total production of 6.0 Bcfe for the first quarter 2011 which is a co record and an achievement of the previously announced guidance. The 6.0 Bcfe of production in the first quarter represents a 14% increase over the 4Q10 and a 89% increase over the 1Q10. The co's second quarter and full year 2011 guidance is 6.1 Bcfe with an expected range of 25.0-26.0 Bcfe, respectively, which represents an increase of 42% and 43%-49% in the second quarter and full year 2010.


1:51AM Silver Wheaton CEO resigns, stays on as consultant; appoints co's Pres Randy Smallwood as new CEO (SLW) 44.11 : Co announces Randy Smallwood, currently the co's President, has been appointed CEO. He will replace Peter Barnes, who has resigned effective April 11, 2011. As part of the transition process, Barnes has agreed to enter into a consulting agreement with co.


1:43AM Skilled Healthcare reports it is exploring strategic alternatives (SKH) 14.02 : Co announces has engaged J.P. Morgan Securities to assist the co in exploring strategic alternatives to maximize stockholder value, including a potential sale of the co's real estate assets or the whole company. While the co maintains a positive outlook for its performance as a standalone entity, its Board has recognized the current favorable market conditions and determined that a strategic transaction may enhance stockholder value.


1:42AM PPL Corp prices offerings of common stock and equity units in financing for UK acquisition (PPL) 25.69 : Co announces that it has priced its concurrent offerings of common stock and equity units. Proceeds of the offerings will be used primarily to repay a portion of the GBP3.6 bln Bridge Term Loan Facility used to fund co's recently completed GBP4.1 bln acquisition of the Central Networks electricity distribution businesses in the UK. Co has priced 80 mln shares of its common stock at a public offering price of $25.30 per share. Co has also priced its offering of 17 mln equity units, an increase from the previously announced 15 mln units, with a stated amount of $50 per unit, for an aggregate amount of $850 mln. The equity units carry a total annual distribution rate of 8.75%. The reference price for the equity units is $25.30 per share, the public offering price in the concurrent common stock offering.


1:38AM Ameristar Casinos provides early results of tender offer and consent solicitation for its 9 1/4% Senior Notes due 2014 (ASCA) 18.83 : Co announces the the early results of its previously announced cash tender offer for any and all of the outstanding $650 mln aggregate principal amount of its 9% Senior Notes due 2014 and related solicitation of consents to certain proposed amendments to the indenture governing the Notes. As of 5:00 pm, New York City time, on April 11, 2011 an aggregate of $649,531,000 in principal amount of the Notes had been validly tendered and not validly withdrawn in the Offer.
1:33AM Spark Networks Chairman and CEO resigns; remains as director; appoints Greg Liberman as its new CEO (LOV) 3.18 : Co announces the appointment of  Greg Liberman, as its new President & Chief Executive Officer, effective Apr 11. Adam Berger, who joined Spark as a board member in 2006 and then served as its Chairman and Chief Executive Officer since 2007, has resigned his positions as CEO and Chairman, but will remain with co as a director. Liberman has served as co's President since 2006, its COO  since 2005 and joined the co as its General Counsel in 2004.


1:28AM GOL Linhas Areas Inteligentes S.A. reports a 19.6% increase in demand on its route network in March, with a load factor of 70.1% (GOL) 13.29 :  


1:23AM Amazon.com introduces new Kindle family member: Kindle with special offers for $114 (AMZN) 184.04 : Co introduces a new member of the Kindle family, Kindle with Special Offers for only $114. Kindle with Special Offers is the same Kindle, plus special offers and sponsored screensavers. Kindle special offers and sponsored screensavers display on the Kindle screensaver and on the bottom of the home screen. Buick, Olay (Procter & Gamble), Visa, and Amazon.com Reward Visa Card (Chase) are sponsoring the first series of screensavers specially-designed for Kindle's high-contrast, no glare electronic ink display.
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estimated gas price predictions summer 2011

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The national average price of regular gasoline rose 1.8 cents to $ 3.07 per gallon in the week ending Monday, the Energy Information Administration said. The price remained at its highest rate since October 13, 2008, for the fifth consecutive week. Prices are up 7.5%, or 21.4 cents, in the period. Prices are 15.2%, or 40.5 cents above a year ago, making the biggest premium since May 1917.

The increase in pump prices comes as crude oil futures rose above $ 90 a barrel, the highest level since October 2008, and gasoline futures prices have followed. Gasoline demand is stronger than expected in recent weeks and inventories at December 24 were sufficient to 22.9 days of demand, the lowest level since early September 2009 cover. Demand in the last week was the strongest since mid-August when the summer driving peak and appetite for gasoline in December was the strongest for the month since 2007.

Retail prices are now 25.4% lower than the record price of $ 4.114 a gallon hit July 7, 2008, the EIA data show.

The EIA said in its December 7 Short-Term Energy Outlook expects gasoline prices average $ 2.90 a gallon this month, an increase of $ 2.72 one year ago. That would be the highest price information in January since 2008. The price forecast is based on the U.S. benchmark crude averaged $ 84 per barrel this month, an increase of nearly $ 78.33 one year earlier. Front-month Nymex crude oil futures opened the year at $ 91.55 a barrel on Monday, its highest price since October 2008.

The price of crude oil is by far the biggest factor in retail gasoline prices, accounting for 71% of the price in November, EIA said. Awards in all regions, led by a 2.5 cent gain on the Gulf Coast.

AAA Daily Fuel Gauge Report said Monday that gasoline averaged $ 3.072 a gallon, up 3 cents from one week ago, and up15 cents from one month ago. Retail gasoline was $ 2.660 per gallon one year ago, AAA said.
Region                Change Vs          Price
                     Week Ago           Per Gallon
East Coast            +1.6c              $3.082
Midwest               +1.6c              $3.064
Gulf Coast            +2.5c              $2.923
Rocky Mountains       +2.4c              $2.848
West Coast            +1.7c              $3.236
California            +2.1c              $3.308
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food gas prices first quarter 2011

food gas prices first quarter 2011 : Kentuckys Retail Food Prices Rise 5% In First Quarter Of 2011 ... and gasoline prices increasing by 19.2 percent during the last 12 months. Kentuckys Retail Food Prices Rise 5% In First Quarter Of 2011 .... (Video WLFI) An increase in gas prices as well as lowered availability of ... article.wn.com/.../2011/.../Kentuckys_Retail_Food_Prices_Rise_5_In_First_Quarter_Of_2011/

Kentuckys Retail Food Prices Rise 5% In First Quarter Of 2011
The latest Marketbasket Survey, conducted by the Kentucky Farm Bureau Federation in March 2011, indicates that average retail food prices made noticeable increases in supermarkets across the state during the first quarter of the year.


According to the survey results, the total cost of 40 basic grocery items was $114.94 - up by $5.73, or approximately 5.2 percent, from the same list of items reported in the fourth quarter of 2010. The first quarter 2011 Marketbasket total is $11.32, or 10.9 percent, higher than the same reporting period in 2010 ($103.62), but just $4.72, or 4.2 percent, higher than the fourth quarter of 2009 ($110.22).


Thirty of the 40 items on the list experienced increases in average price, thus pushing the overall Marketbasket price higher.


Of the six food groups recorded in the survey - beef, dairy, fruits and vegetables, grain, pork, and poultry - the grain category showed the greatest total increase with an average price jump of 14.1 percent. Bell peppers made the largest single-item increase with an average price jump of $0.74. The largest single-item decrease was for 32 oz. of vegetable oil, dropping an average of $0.67 in price.


The U.S. Department of Agriculture estimates that Americans spend approximately 10 percent of their disposable income on food each year. Of that money, 58 percent is used to purchase food that is eaten at home and 42 percent is for food eaten away from home (mainly at restaurants).


Kentucky is far from alone in the retail food price changes. Based on the U.S. Department of Labor's Bureau of Labor Statistics' most recent Consumer Price Index data released in mid-March (which reflects figures through February 2011), food prices at the national level have increased by 2.8 percent during the last 12 months. All six of the food categories monitored by the bureau reflect price increases over this span. However, as energy and transportation prices must also be factored into the total cost of food production, it is also important to note that the Bureau of Labor Statistics reports energy costs increasing 9.8 percent in the previous three months (December-February) and gasoline prices increasing by 19.2 percent during the last 12 months. Read More : http://www.msnbc.msn.com/id/42452464/ns/local_news-lexington_ky/
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expected gas prices for april 9th, 2011

expected gas prices for april 9th, 2011 : Gas prices have surged this year, and although they remain below the record highs from 2008, prices are expected to continue moving higher ...


Bulls face test in first quarter earnings - Apr. 9, 2011
Gas prices have surged this year, and although they remain below the record highs from 2008, prices are expected to continue moving higher into the summer. That could spell trouble for the nascent rebound in consumer spending and put pressure on top-line sales growth.


At the same time, prices for many industrial and agricultural commodities have been sharply rising. Food producers have been looking for ways to deal with higher costs for wheat and corn, while rising cotton prices have led to hand wringing in the apparel industry.


"We're already starting to see some companies pass on cost increases," said Doug Roberts, chief market strategist at Channel Capital Research. In particular, he pointed to shrinking portion sizes in the food industry and the myriad of fees that airlines have come up with to deal with higher fuel costs. Read More


U.S. mood runs on gasoline | Philadelphia Inquirer | 04/09/2011
WASHINGTON - Quick: What do these things have in common? Libyan leader Moammar Gadhafi. The Japanese earthquake and tsunami. Wall Street volatility. A cranky, even angry American populace.


Answer: They all have something to do with gasoline. No matter what happens in the world today, just about everything points to fuel and the tricky politics that emerge when gas prices spike.


Americans ranked rising gas prices above subjects including Iraq, Afghanistan, immigration, terrorism, and taxes in an Associated Press-GfK poll late in March. Last fall, 54 percent called gas prices a highly important issue to them personally, but 77 percent said that in the latest poll. Read More


Oklahoma oil and gas prices: April 9, 2011
Oklahoman Leave a comment OIL AND GAS PRICES Oklahoma crude oil prices as of 5 p.m. Friday: Oklahoma Sweet: Sunoco Inc. — $109.25. Oklahoma Sour: Sunoco Inc. — $97.25. Oklahoma oil and gas drilling activity posted Mar. 18: COMPLETION Hughes: Newfield Exploration MidContinent Inc.; Tipton No. 6H-23 Well; NW1/4 SE1/4 SW1/4 SW1/4 (SL) of 14-04N-10E; 5,209,000 cu-ft gas per day; TD 13,042. Nowata: Cramer Oil LLC; Carrico No. 10-12 Well; SW1/4 SE1/4 NW1/4 SE1/4 of 31-26N-17E; 3 barrels oil per day; TD 620. Okmulgee: Rose Rock Resources Inc.; Anson No. 4 Well; W1/2 E1/2 SW1/4 NW1/4 of 35-12N-13E; 2 barrels oil per day, 15,000... Read More
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