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Expert reports

Zim to try Antwerp again, conduct local diamond auction in Nov
Zimbabwe is again set to conduct diamond auctions in Antwerp, Belgium, before it convenes its own domestic exchange in November this year. The Herald newspaper quoted mines and mining development minister Walter Chidhakwa as saying that Harare was looking at one or two Auctions in Antwerp, the world’s largest diamond trade centre, between now and November this year. He also said that the planned local auction would coincide with the upcoming diamond conference set for Zimbabwe’s capital early November.

Ever More Diamonds
(«Эксперт») - Alrosa plans to ramp up production commissioning new diamond fields and developing existing mines. In November of 2013, the company sold 16% of its stock on the Moscow International Stock Exchange, which permitted to determine its capitalization turned to be more than $ 10 billion at the time of bidding. Andrey Polyakov, Vice President of Alrosa, told us about the prospects for the development of the company being the basis for the diamond complex of Yakutia.

Shkadov: Stay Optimistic Despite Difficult Problems
(IDEX Online News) – The difficulties of acquiring a regular supply of rough diamonds and credit from the banks, shrinking margins and the lack of global generic marketing, these are some of the issues addressed by International Diamond Manufacturers Association (IDMA) President Maxim Shkadov in this interview.

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Debswana prolongs lifespan of mines to 2050
Debswana, a joint venture between De Beers and the Botswana government, has extended the lifespan of its mines in the southern African country to 2050. Company managing director Balisi Bonyongo was quoted by APA as saying that the extension would solidify Botswana’s position as the world’s leading diamond producer by value.

Funds holding stakes in ALROSA did not support investments in Severalmaz
At the annual meeting of shareholders of ALROSA last June, the investment funds having interests in ALROSA voted against the additional RUB 16 billion issue of shares by Severalmaz, ALROSA’s subsidiary, in favor of the parent company, Finmarket reported. This was disclosed in the annual reports published by the SEC and submitted by some funds that became shareholders of ALROSA in the course of the IPO at the end of last year, or later.

SA police swoop on illegal diamond dealers
South African police have arrested men who were part of a multinational syndicate allegedly engaged in illicit trading of diamonds across the country.

Dominion Diamond's 2Q Revenue +6% to $277M
Dominion Diamond Corporation reported that rough diamond sales rose 5.9 percent year on year to $277.3 million for the second quarter that ended on July 31.

Winsome Diamonds suspected to have diverted loan funds overseas
The Winsome Group has reportedly accumulated defaults of Rs 6,581 crore on loans from a consortium of 15 public sector banks.

Asian Star 1Q Revenue +32%, Profit +56%
Asian Star Company Limited reported that its revenue grew 32 percent year on year to $139.4 million (INR 8.54 billion) for the quarter that ended on June 30, 2014.

DDC’s award for Pankaj Parekh, incoming GJEPC Chairman
The incoming chairman of India's Gems & Jewellery Export Promotion Council (GJEPC) of India, Pankaj Kumar Parekh, was presented with an award.

Analyst Breaks Down Global Diamond Supply Ownership
A New York City diamond industry analyst has published a report which quantifies the market share of each of the top 15 diamond miners.


Botswana Diamonds salutes JV partner Alrosa as ‘top’ targets drilling commences Sept
Botswana Diamonds said its Sunland joint venture with the Russian diamond giant, Alrosa is proving to be fruitful. Company chairperson John Teeling told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that their strategy in Orapa, Botswana would have been different had they not partnered with the Russians. He also said that apart from its partnership with Alrosa, Botswana Diamonds believed that it was operating in the right area. Teeling noted that they had “excellent” indications that there are undiscovered kimberlites in Orapa.


Kristall + ALROSA = Merger with Far-Reaching Consequences
Organizationally, the diamond industry in the USSR was characterized by a truly Spartan simplicity and logic. Mines, mining companies and processing plants were part of the association called Yakutalmaz. Polished diamonds were made by the factories grouped within the Kristall Manufacturing System. Almazyuvelirexport sold goods overseas. The idea to integrate all of these specific activities into a conglomerate apparently never occurred to the Council of Ministers of the USSR. The Russian government did not think about it either when it established the diamond mining company called ALROSA. However, the prospect of vertical integration started to loom in dead earnest before the Russian diamond industry in 2014.

Pros and cons of “export maneuver” by ALROSA
Over the past few years, ALROSA has done much to reduce dependence on the volatility of the diamond market, but the main risk facing the miner now is not at all related to a fall in prices for precious stones. Investors are concerned about the possibility that this government-owned Russian company will be submitted to sanctions by the European Union. Meanwhile, the more you explore the possibility of re-directing the supply of rough diamonds by ALROSA, the more question marks arise.

HRD Antwerp
9th China Gold & Precious Metals Summit 2014


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