Fortunes

Shail Madhvani

I’ve started hearing good things again. As some customers are seeing more and more difficult times, others have turned the corner. Today, the call of the day was from a customer in the South. In the last ten days he sold ten stones over 1 carat. That’s impressive.

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Diamonds Forever?

Shail Madhvani

I was sitting in the train a few days back listening in on a conversation. Riders beware, this is a regular event.

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India, Armageddon, & Other stories

Shail Madhvani

I just returned from India after the shortest trip I’ve had in years. It is impressive what sentiment will do in a third world country. From my ships window, the small portal I have into the larger world, things seem surprisingly okay over there. The markets are flailing, with people suggesting another thousand point drop. The banking industry is tightening its lasso around corporate necks. The mortgage market is very safe but as a result the real estate inventories are astoundingly high. And yet…and yet. Perhaps it’s wishful thinking, but I do believe India as a whole is just in a funk whereas New York and America seem to have found a canyon.

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Mud in the Rough

Shail Madhvani

For 24 months all we have heard is that rough is more and more and more expensive. Every day one self elected guru or the other would inform me that rough diamond prices and polished prices have not been historically linked. This is like saying that gold coin has nothing to do with gold bullion. I believe the correct word is speculation.

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Simplex Diam Reaches New Milestone in Diamond & Jewelry Purchases

Shail Madhvani

New York, NY – October 21, 2008  SimplexDiam, Inc. today announced purchases of over $50 million at retail in the month of July 2008 alone, signaling a move into a new growth phase of its liquidation division.

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