Blue Nile News
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China’s burgeoning middle class is buying diamonds so quickly that the price of mass-market stones is rising faster around the world than for top-quality jewels affordable only to the super-rich.
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Ethiopia will receive funds from China for a transmission line valued at $1 billion that will bring electricity from a hydropower plant to the capital, Addis Ababa according to a government official.
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A saline lake in Ethiopia that’s baffled scientists by its 15-fold growth threatens to spill into the nation’s longest river and damage plans by Africa’s biggest coffee grower to become a commodities powerhouse.
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Sudanese authorities freed seven political prisoners hours after President Umar al-Bashir announced an amnesty, while opposition officials urged further action to prove the government’s commitment to reform.
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South Sudan, which is resuming oil output halted 14 months ago, may take as long as a year to reach pre-shutdown production levels because of possible damage to equipment, said analysts including Paul Tossetti at PFC Energy.
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Sudan’s army is sending reinforcements to southern Blue Nile state where government forces are battling rebels, state media reported.
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Blue Nile Inc., an online retailer for diamonds and fine jewelry, rose the most since its initial public offering after forecasting sales for the third-quarter that topped analysts’ estimates.
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Sudanese government forces and members of the northern branch of the ruling party in neighboring South Sudan clashed in the capital of Blue Nile state, the governor and an army spokesman said.
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Justin Rosenblatt plans to fork over $2,000 this month for a Roberto Coin stackable ring, Sonya Renee monogram necklaces and Wendy Mink hoop earrings for his wife and friends. That’s twice what he spent on sparkle last year.
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Sudan’s army captured the rebel stronghold of Kurmuk in the southern Blue Nile state, forcing troops loyal to former governor Malik Agar to flee, the Defense Ministry said.
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