tag:blogger.com,1999:blog-60420314279378005622024-02-08T03:09:48.543-08:00Diamonds ForeverPnina Feldmanhttp://www.blogger.com/profile/05323873086520085491noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-6042031427937800562.post-27863918544870099712007-08-24T06:43:00.000-07:002007-08-24T06:46:01.747-07:00Just in - Pnina Feldman plans rich gold listing<p class="MsoNormal" style="text-align: justify;"><span style="font-family:Arial;">West Australian Newspapers<span style=""> </span>June 2006<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family:Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span lang="EN-AU" style="font-family:Arial;">Pnina Feldman, estranged sister of </span><st1:city><st1:place><span lang="EN-AU" style="font-family:Arial;">Melbourne</span></st1:place></st1:city><span lang="EN-AU" style="font-family:Arial;"> mining magnate Joseph Gutnick, will join forces with the Malaysian former backers of defunct miners Ashton Mining and Plutonic Resources in a $20 million backdoor listing of rich gold holding near Norseman.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span lang="EN-AU" style="font-family:Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span lang="EN-AU" style="font-family:Arial;">Australian Gold Investments (AGI), a private investment consortium controlled by Mrs Feldman and her son Sholom, acquired a big tenement package near Norseman containing over 1.3 million ounces of resources from </span><st1:country-region><st1:place><span lang="EN-AU" style="font-family:Arial;">Canada</span></st1:place></st1:country-region><span lang="EN-AU" style="font-family:Arial;">’s Kinross Gold in August 2005.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span lang="EN-AU" style="font-family:Arial;"><o:p> </o:p></span></p> <span lang="EN-AU" style="font-family:Arial;">Touted as the biggest tenement holding around Norseman after that of Croesus Mining, the package was to form the centrepiece of a $20 million float by AGI.<br /><br /><a href="http://roseflowering.blogspot.com/2007/07/pnina-feldman-plans-rich-gold-listing.html">Read More...</a><br /></span>Pnina Feldmanhttp://www.blogger.com/profile/05323873086520085491noreply@blogger.comtag:blogger.com,1999:blog-6042031427937800562.post-34865365990488342602007-07-22T05:27:00.001-07:002007-07-22T05:27:26.030-07:00Shareholders support Striker’s new lease of life<st1:country-region><st1:place><span style="font-family: Arial;">Australia</span></st1:place></st1:country-region><span style="font-family: Arial;">’s Paydirt Magazine March 1999<o:p></o:p></span> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">Diamond explorer Striker Resources NL has given the Australian quest for another diamond mine a renewed dimension by getting shareholder approval for a $6 million placement.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">The company, facing potential extinction a few months ago with low cash reserves, has sorted out earlier differences with Diamond Rose NL, and was expected to relist later this month.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">The capital raising has some luminaries, as big blocks were taken up through </span><st1:city><st1:place><span style="font-family: Arial;">Sydney</span></st1:place></st1:City><span style="font-family: Arial;"> business man and former FAI Insurance Ltd chief Rodney Adler and international market maker George Soros.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">Diamond Rose has subscribed to $4.07 million, taking up 50.826 million shares and a similar number of options that will take its holding to 40.3% while FAI took up 12.5% stake.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">Striker’s managing director Clayton Dodd told a shareholders meeting this month that Diamond Rose was well advanced on raising the additional capital.<span style=""> </span><o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">Dodd said Striker can now accelerate exploration work on its </span><st1:place><span style="font-family: Arial;">North Kimberley</span></st1:place><span style="font-family: Arial;"> prospects where a big focus will be placed on the Ashmore and Seppelt diamondiferous pipes.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">Diamond Rose’s chairwoman, Pnina Feldman, said the outcome was a win for all sides.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">Striker’s new chairman is Tim Mainprize.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">If all placement options and the option facility were exercised by </span><st1:date year="2002" day="30" month="9"><span style="font-family: Arial;">September 30,2002</span></st1:date><span style="font-family: Arial;">, a further $24.65 million would be generated for Striker.<o:p></o:p></span></p>Pnina Feldmanhttp://www.blogger.com/profile/05323873086520085491noreply@blogger.comtag:blogger.com,1999:blog-6042031427937800562.post-38111174461591541092007-07-22T05:24:00.000-07:002007-07-22T05:25:08.653-07:00Pnina Feldman is rich – with nothing to show for it<span style="font-family: Arial;">The Advertiser – </span><st1:city><st1:place><span style="font-family: Arial;">Adelaide</span></st1:place></st1:City><span style="font-family: Arial;"> </span><st1:date year="1997" day="19" month="4"><span style="font-family: Arial;">19/04/97</span></st1:date><span style="font-family: Arial;"><span style=""> </span>By Ian Lovett<o:p></o:p></span> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">The sister of corporate high-flyer Joe Gutnick proved yesterday that diamonds really are a girl’s best friend when her new company made a spectacular debut on the sharemarket.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">In scenes reminiscent of the Poseidon days in the 1920’s the 20c shares in Pnina Feldman’s Diamond Rose company soared to $1.75.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">At that </span><st1:city><st1:place><span style="font-family: Arial;">high point</span></st1:place></st1:City><span style="font-family: Arial;">, Mrs Feldman – who owns 57.5 per cent of the company – was worth $44.6 million on paper.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">When trading finished, the shares were selling at $1.29 – still more than six times their issue price.<span style=""> </span>All that from a company which has yet to find a diamond.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">With four of her daughters, six rabbis and baby grand-daughter Rose, whose name the company borrowed, Mrs Feldman watched the action on the Australian Stock Exchange in </span><st1:city><st1:place><span style="font-family: Arial;">Sydney</span></st1:place></st1:City><span style="font-family: Arial;">.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">“Diamond Rose is truly blessed,” she said. “But I’ll be even happier when we find diamonds”<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">The company has a batch of exploration leases.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">Mrs Feldman started the company to help her husband, Rabbi Pinchus, fund a centre which supports education and welfare.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">“I only hope never to make so much money that my head spins so much so I get diverted from helping the community,” she said.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">Ms Feldman says her motivation in floating the company is to find the 12 gemstones of the breastplate worn by the High Priest in the </span><st1:place><st1:placetype><span style="font-family: Arial;">Temple</span></st1:PlaceType><span style="font-family: Arial;"> of </span><st1:placename><span style="font-family: Arial;">Jerusalem</span></st1:PlaceName></st1:place><span style="font-family: Arial;"> 3000 years ago, as describes in <i style="">The Bible.<o:p></o:p></i></span></p> <p class="MsoNormal" style="text-align: justify;"><i style=""><span style="font-family: Arial;"><o:p> </o:p></span></i></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">Perpetual Trustees, which landed a stake of four million shares in the 10 million share float, is believed to have made a $3.5 million profit already on its $800,000 investment, selling 3.9 million shares at $1.10 each.<o:p></o:p></span></p>Pnina Feldmanhttp://www.blogger.com/profile/05323873086520085491noreply@blogger.comtag:blogger.com,1999:blog-6042031427937800562.post-59887648005383191292007-07-22T05:22:00.000-07:002007-07-22T05:24:22.482-07:00Pnina Feldman - Diamond Rose shines on debut<st1:date year="1997" day="19" month="4"><span style="font-family: Arial;">19 April 1997</span></st1:date><span style="font-family: Arial;"><span style=""> </span>By Christine Lacy<o:p></o:p></span> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">Joe Gutnick’s sister Pnina Feldman led Diamond Rose to a stunning debut when her small gemstone hopeful finished its opening day valued at $159 million.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">The shares opened at $1.51 and, within an hour, the hype surrounding the float had driven them to a staggering high of $1.75.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">This represented a nine-fold increase on their 20c issue price.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">Shares in the fledgling miner ended the day at $1.29, valuing Ms Feldman’s personal 57.5 per cent stake in the miner at a staggering $91.59 million.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">The company, which has no proven tenements, is capitalized at $156.1 million, compared with its $10 million initial public offering.<span style=""> </span>Outside the Sydney exchange, Ms Feldman, flanked by four daughters, six rabbis and grand-daughter Rose said she was ecstatic with the debut, adding: “I’ll be even happier when we find diamonds.”<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">But Ms Feldman, whose motivation in floating the miner is to find the 12 gemstones of the breastplate worn by the High Priest in the </span><st1:place><st1:placetype><span style="font-family: Arial;">Temple</span></st1:PlaceType><span style="font-family: Arial;"> of </span><st1:placename><span style="font-family: Arial;">Jerusalem</span></st1:PlaceName></st1:place><span style="font-family: Arial;"> 3000 years ago – as described in the Bible – is unable to sell her 57.5 per cent stake.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">Under stock exchange listing rules, she is prevented from selling her shares for two years.<span style=""> </span>Her recent bid to gain an exemption from the restriction failed.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">High-profile </span><st1:city><st1:place><span style="font-family: Arial;">Melbourne</span></st1:place></st1:City><span style="font-family: Arial;"> miner Diamond Joe Gutnick yesterday declined to confirm whether he had been allocated a stake in Diamond Rose.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">But the miner’s top 20 shareholders boasts other high-profile investors.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">Perpetual Trustees, which landed four million shares in the 10 million shae float, is believed to have crystallized a $3.5 million profit on its $800,000 investment, selling 3.9 million shares at $1.10 each.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">James Packer and the George Soros group are also believed to have landed a stake in the hotly sought-after offering.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">The debut was reminiscent of that of Me Gutnick’s diamond hopeful, Astro Mining, which last September was reinstated to the boards at a 20-fold premium to its 20c placement price.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">On its first day of trade, Astro finished at $4.10, booking Mr Gutnick a $70 million profit.<span style=""> </span>Yesterday, Astro closed steady at $3.60.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">However, his sister has now come close to upstaging the St Kilda mining magnet in the diamond stakes, but Joe is also building one of </span><st1:country-region><st1:place><span style="font-family: Arial;">Australia</span></st1:place></st1:country-region><span style="font-family: Arial;">’s biggest gold empires.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p>Pnina Feldmanhttp://www.blogger.com/profile/05323873086520085491noreply@blogger.comtag:blogger.com,1999:blog-6042031427937800562.post-75158229442791931802007-07-22T05:20:00.000-07:002007-07-22T05:21:02.008-07:00Three in a bed of Roses - Pnina Feldman<span style="font-family: Arial;">Minerals Gazette April 1998<o:p></o:p></span> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">Diamond explorer and pittado miner, Diamond Rose NL has set its sights on two West Australian diamond explorers, Stiker Resources NL and Dioro Exploration NL.<span style=""> </span>If successful, the takeover will represent a major expansion of Diamond Rose’s position in the </span><st1:place><span style="font-family: Arial;">North Kimberley</span></st1:place><span style="font-family: Arial;"> region of </span><st1:state><st1:place><span style="font-family: Arial;">Western Australia</span></st1:place></st1:State><span style="font-family: Arial;">.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">The bid is linked with the problems besetting Striker’s majority (20%) shareholder, Australian Gold Fields NL, which has fallen into administration after disputes with financiers Prudential Bache International and Rothschild </span><st1:country-region><st1:place><span style="font-family: Arial;">Australia</span></st1:place></st1:country-region><span style="font-family: Arial;"> over silver forwards.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">Diamond Rose proposes to offer one share in Diamond Rose for every ten Striker shares.<span style=""> </span>If Diamond Rose were to acquire 100% of Striker this would result in the issue of 10,194,085 new Diamond Rose shares (if no options are exercised) taking the issued capital of Diamond Rose to 133,604,924 shares.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">The 1-for-10 scrip offer for Striker values the company at $5.1 million, nearly half its market value of $9 million.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">Both offers are subject to a minimum acceptance of 50.1%.<span style=""> </span>In the case of Striker the offer states that none of Striker’s financiers, including Australian Gold Fields, can demand repayment of any loan facilities.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">Dioro shareholders will be offered six Diamond Rose shares for one Dioro share, valuing the target at $4,954,091 compared to its present value of $3.69 million.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">The December agreement between Diamond Rose and Dioro, in which Diamond Rose agreed to earn a range of interests in the King George and Casuarina tenements by paying $1.25 million and agreeing to spend $2.5 million on exploration, has been rescinded.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">If Diamond Rose acquired 100% of Dioro this would result in the issue of 9 million new Diamond Rose shares lifting the issued capital to 133,319,022 shares.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">Diamond Rose is currently evaluating Dighem survey anomalies at Striker’s Upper Beta Creek where at least four kimberlite pipes have been discovered by recent drilling and sampling, including Ashmore 1 and 2.<span style=""> </span>Striker announced in December that it would commence a mining feasibility on the latter two pipes to assess their commercial potential.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">Diamond Rose said the application of its resources to the area would be of immense benefit to shareholders.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><b style=""><span style="font-family: Arial;">Yes we have no Pittado<o:p></o:p></span></b></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">While most miners have been swimming against the tide in recent times, pioneering pittado miner, Diamond Rose NL, seems to have made a nice little earner out of their “unique” gemstone.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">Following last year’s successful sale of one kilogram of Pittado to a </span><st1:country-region><st1:place><span style="font-family: Arial;">US</span></st1:place></st1:country-region><span style="font-family: Arial;"> home shopping TV network.<span style=""> </span>American viewers will be abe to get their Pittado in pieces of jewellery thanks to a distribution and marketing deal with </span><st1:country-region><st1:place><span style="font-family: Arial;">US</span></st1:place></st1:country-region><span style="font-family: Arial;"> jewellery giant, Clyde Duneier Inc.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">Duneier, one of the largest privately owned manufacturers of jewellery in the </span><st1:country-region><st1:place><span style="font-family: Arial;">United States</span></st1:place></st1:country-region><span style="font-family: Arial;">, will be developing a range of jewellery using the Pittado gemstones, and naming if “the Diamond Rose Collection”.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">The gemstones, which hail from the company’s Rocklea project in </span><st1:state><st1:place><span style="font-family: Arial;">Western Australia</span></st1:place></st1:State><span style="font-family: Arial;">’s Pilbara region are said to be green quartzite and are similar in appearance to jade.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">Duneier plans to introduce Diamond Rose’s gemstones to world markets and will market the range in the United States, Canada and Japan through television promotion on television shopping networks and retail outlets.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">The first </span><st1:country-region><st1:place><span style="font-family: Arial;">US</span></st1:place></st1:country-region><span style="font-family: Arial;"> national television broadcast is planned to air by August 1998 and will feature gold and silver jewellery featuring pittado.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">Diamond Rose said that as a result of this agreement it is anticipated that the company will show an increase in gross revenues of a minimum of US$4 million over the next 18 months.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">Diamond Rose Chairperson, Pnina Feldman, said: “The Diamond Rose story lends itself to home shopping style of presentation of a company and its products.<span style=""> </span>Our company has a colourful and rich background which will complement the appeal of our uniquely Australian products.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">“Focusing on the gemstones’ association with </span><st1:country-region><st1:place><span style="font-family: Arial;">Australia</span></st1:place></st1:country-region><span style="font-family: Arial;"> and Australian culture provides a unique selling point to the </span><st1:country-region><st1:place><span style="font-family: Arial;">United States</span></st1:place></st1:country-region><span style="font-family: Arial;"> market.”<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">Commenting on the agreement, Duneier’s President, Marc Duneier, said: “It is very rare that a new gemstone is discovered that has such an extensive appeal.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">“Pittado has a deep magic green colour that appeals across all market sectors and is ideal for television promotion”<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial;">“The Australian connection adds myth and mystery – the stone and the country have a great story to tell and we will be promoting the Diamond Rose Collection at a time of strong consumer attention and interest in </span><st1:country-region><st1:place><span style="font-family: Arial;">Australia</span></st1:place></st1:country-region><span style="font-family: Arial;">.”<o:p></o:p></span></p>Pnina Feldmanhttp://www.blogger.com/profile/05323873086520085491noreply@blogger.com