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Expert reports

26.11.2014
Is an App the Answer to Successful Diamond Investing?
(Diamond Investing News) - Wayne D. Prentice, a graduate gemologist and former GIA resident gemology instructor, has deep roots in the diamond industry. He’s been involved in it in various ways since the 1980s, and most recently developed the DiamondMaster app, which he describes as a “global wholesale price list based on reliable market data.” To find out more about the app and how it can help investors, Diamond Investing News (DIN) sat down and spoke to Prentice.


25.11.2014
"Diamonds are legion in India’s rock caves…"
Last week, the Gem & Jewellery Export Promotion Council (GJEPC) held a presentation organized in team with the Moscow Diamond Bourse in the Marriott Hotel, Moscow.

24.11.2014
Anglo recovery linked to Carroll era calls
(miningmx.com) – Brian Gilbertson once observed in an interview that perhaps the fates had a larger role to play in the fortunes of the mining sector, and its leaders, than perhaps is generally recognised. Gilbertson’s point was that CEOs are paid to take the responsibility for critical judgements a board and executive committee make, but if the market or conditions turn against you then that’s just your bad luck. An extreme fluctuation in the market can make heros and villains of any CEO, regardless.

Currency rates

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73.29 RUR

Stock quotes

ALRS MICEX- RTS 46.00
DDC NYSE 15.82
PDL LON 205.90

News

26.11.2014
ALROSA reopens sales office in Dubai
ALROSA reopened ARCOS East DMCC's sales office in Dubai in November 2014. The activity of ARCOS East was suspended during the market downturn in 2009. ALROSA’s decision to reopen the sales office is connected with rapid growth of Dubai as the world’s major diamond trading hub. The on-site trading platform will contribute to strengthening the company’s presence in the diamond market of the United Arab Emirates.

26.11.2014
ALROSA Group posted financial results based on IFRS for the first 9 months of 2014
In the first three quarters of 2014, ALROSA boosted its revenue by 21% over the same period last year to RUB 146.9 billion. The diamond miner’s EBITDA reached RUB 65.8 billion, up 28% year-on-year, while its EBITDA margin went up by 45%. The company statement came in a press release received by Rough&Polished on Wednesday.

26.11.2014
2015 an “important test” of Alrosa, Botswana Diamonds strategy says Teeling
Botswana Diamonds formed a 50/50 joint venture with Alrosa, the world’s largest rough diamond producer by volume, in August last year. The objective was to utilise Alrosa’s technological expertise to identify high potential targets from Botswana Diamonds’ extensive database.

26.11.2014
Paragon orders “state of the art” processing plant for Lesotho’s Lemphane
Paragon Diamonds has reported the finalisation of the design and order plans for a $6 million 75 tonne per hour “state of the art” processing plant for its 80 percent-owned Meso Diamonds' Lemphane kimberlite mine, in Lesotho.

26.11.2014
TanzaniteOne Q3 output dips y-o-y as Dar es Salaam chases away illegal miners
Richland’s partly-owned TanzaniteOne Mining Limited (TML) said it produced 622,551 carats of tanzanite during the third quarter of 2014 down from 810,347 carats recorded a year earlier.

26.11.2014
Petra says SA’s BEE partners refinance loans ahead of schedule
Petra Diamonds and its Black Economic Empowerment (BEE) partners in the Finsch and Cullinan mines, in South Africa have entered into agreements with Absa and FirstRand Bank (RMB) to refinance loans amounting to $98 million.

26.11.2014
Tiffany & Co.'s Revenue +5%, Profit -60%
Tiffany & Co. reported that revenue rose 5.3 percent year on year to $959.6 million in the third quarter that ended on October 31.

25.11.2014
Botswana Diamonds loss widens to $1.6mln
Botswana Diamonds, which is currently exploring for diamonds in the Orapa area in Botswana together with its joint venture partner Alrosa, said it posted an operating loss of £1.05 million ($1.6 million) during the year ended June 2014, from £477,908 ($748,884) a year earlier.

Exclusive

24.11.2014
Zim mines minister speaks on the streamlining of operations in Marange
walter_chidhakwa_preview.jpgZimbabwe said recently that it had started merging diamond mining firms in Marange to streamline their operations and ensure accountability of proceeds. Rough&Polished’s Mathew Nyaungwa caught up with the country’s Mines and Mining Development Minister Walter Chidhakwa on the sidelines of a diamond conference held early this month in Harare and asked him about the latest on this development. Chidhakwa revealed that Harare would set up a company called Zimbabwe Diamond Mining Company that would house Marange Resources, as a strategic business unit. He also noted that government was still negotiating with other mining companies currently operating in Marange over the rationalisation of their operations.


Analytics

Unpacking issues that took centre stage at the Zim diamond conference
The second edition of the Zimbabwe Diamond Conference came and went and here I highlight some of the major talking points addressed by the industry players. The issues centred mainly on the need for Zimbabwe to do much more exploration, the need to implement proper beneficiation and value addition activities, brand the country’s production so it can enter international markets, as well as participate and work together with other countries in the diamond business.

India to take the ‘rough’ road for further growth
On the Indian diamond Industry’s persistent request, the Government of India is planning to set up a special zone with tax benefits for diamond import and a trading hub. A possible road map is being chalked out by the Government but whether Mumbai is being touted as the chosen city for the Hub, Vipul Shah, Chairman of the Gem & Jewellery Export Promotion Council of India (GJEPC) said that the venue has not been finalised and that GJEPC has not received any intimation from the government.

World Diamond Conference India
HRD Antwerp
9th China Gold & Precious Metals Summit 2014
Severalmaz

 

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