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Industry Headlines as of 5/17/2012

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++++ World Diamond Council Honors Nicky Oppenheimer ++++ Legendary 35 Carat Beau Sancy Diamond Sells for $9 Million in Record Sotheby’s Auction ++++ J.C. Penney Suffers $163 Million Net Loss in Q1 ++++ New York Giants Unveil Championship Diamond Ring ++++ Diamonds Pricier for Indians Dealing in Dollars ++++ India Rejects Proposed Conflict Diamond Definition ++++ Kao Diamonds Debut Sale Surpasses Expectations ++++ Alrosa Doubles Its Rough Diamond Profits

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