The creation of the Namibian Diamond Trading Company (NDTC) is based on a 50x50 partnership between the Government of the Republic of Namibia and De Beers. The agreement, which resulted in the creation of the company, was signed in January 2007 and holds immense possibilities for the country in terms of the economic activity such a venture, is expected to generate. The purpose of the NDTC is to make diamonds available for sale in Namibia for local manufacturing. Shihaleni Ellis Ndjaba is the CEO of Namibian Diamond Trading Company (NDTC). Until January 2008 he was the Permanent Secretary in the Ministry of Works, Transport and Communication.
This is the opinion expressed by Dmitri Zverev, a Canadian jeweler, owning Euro Custom Design Jewellery Ltd. Currently, his occupation includes: jewelry design, sophisticated jewelry made to order, developing CNC machine-tools and methods of their application in jewelry modelling.
The Almaz-Holding Company is part of the leading trio in the Russian jewelry market. The holding’s mainstream business covers manufacturing of gold, platinum and silver jewelry with precious and semi-precious gems; wholesale and retail trade through the network of corporate stores. Flun Gumerov, President of Almaz-Holding and Member of the Supreme Council of the Jewellers’ Guild of Russia, answers the questions asked by the Rough&Polished correspondent.
Blue Nile appointed Marc Stolzman as chief financial officer effective June 9, 2008, the company announced.
Stolzman joins Blue Nile from Imperium Renewables, a biodiesel refining company. He previously held several executive positions at Starbucks Coffee, including as senior vice-president of finance and business development for its international unit.
Stolzman will report directly to Blue Nile CEO Diane Irvine.
"I am thrilled to be associated with such a dynamic consumer brand and to join Blue Nile at this important stage in the company's growth," said Stolzman.
The announcement was made as Blue Nile reported Tuesday that net profits fell 19 percent to $2.57 million in the first quarter of 2008. Net sales grew 4 percent to $70.46 million.
The company's shares fell 5 percent to $45.18 in a high volume day on Tuesday as more than one million of its shares changed hands.
The NASDAQ-listed share has lost 33 percent of its value since the beginning of the year, after gaining 76 percent in 2007.
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