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Expert reports

06.03.2015
India’s Premium Show ‘SIGNATURE-IIJS’ forges ahead
The Eighth Edition of SIGNATURE-IIJS 2015 held recently in Mumbai, had all the trappings of a Premium Show. Conceived by the Gem & Jewellery Export Promotion Council of India (GJEPC) to showcase the Best of India’s fine jewellery, the Show attracted the best of jewellery manufacturers who offered top end jewellery of the country.

05.03.2015
Online Jewelry’s Growth Restraint
(Rapaport) - U.S. online jewelry sales have increased rapidly in recent years, but observers note that thin profit margins and consumers’ reluctance to buy jewelry online have prevented the Internet from becoming a major sales channel for jewelers.

04.03.2015
The Diamond Industry in a Funk
(JCK Online) - In the United States, we keep hearing that the economy is improving. And yet the mood in the diamond market has turned grim, which is fatal for such a psychologically dependent industry. Polished prices are soft. Inventories have been high due to a number of factors. Many point their finger at the big mining companies—particularly the largest producers, De Beers and Alrosa—arguing they have squeezed manufacturers so hard they are threatening that sector’s existence.

Currency rates

  1 USD
=
59.99 RUR
  1 EUR
=
66.10 RUR
10 CNY
=
95.79 RUR

Stock quotes

ALRS MICEX- RTS 74.41
DDC NYSE 16.80
PDL LON 189.10

News

06.03.2015
The shares of ALROSA, Bashneft and preferred shares of Surgutneftegas included in FTSE Emerging
(Finmarket.ru) – As expected, the index provider FTSE included the shares of ALROSA, Bashneft and preferred shares of Surgutneftegas in the FTSE Emerging index after its semi-annual index review.

06.03.2015
Diamonds from Trans Hex’s Angola, SA mines fetch weak average prices
Trans Hex said its 33 percent-owned Somiluana Mine in Angola raked in $15,1 million from the sale of 37 302 carats at an average price of $404 per carat between October 2014 to January 2015.

06.03.2015
Mountain Province deep drill program upgrades inferred resource at Tuzo
Mountain Province Diamonds' Tuzo Deep drill program successfully confirmed the continuity of the Tuzo kimberlite and upgraded its resource status.

06.03.2015
Hong Kong’s jewellery exports in January up 2.9%
Hong Kong’s exports of jewellery and goldsmiths and silversmiths’ wares reached US$2.5 billion in January, up 2.9 percent from the same period last year, according to the latest data from the Census and Statistics Department (CCD).

06.03.2015
Lucapa inks $15m bridge finance facility, raises $4.8m
Lucapa Diamond Company has signed a term sheet for a $15 million bridge finance facility with a mining investment group to assist it to ramp up its alluvial diamond mining operations at Lulo in Angola.

06.03.2015
Leibish & Co. unveils colour diamonds collection at Hong Kong Show
Leibish & Co., the fancy colour diamond and jewellery company released an exclusive collection of the most exquisite vivid colour diamonds for viewing at the Hong Kong International Diamond, Gem, & Pearl show.

06.03.2015
Ex-Mbada workers demand terminal benefits, besiege company offices
A group of Mbada Diamond’s former contract workers recently besieged the company’s Harare offices demanding their terminal benefits.

06.03.2015
Kirtilals bags two prestigious awards at the National Jewellery Award 2015
India’s premium diamond and gold jewellery brand, Kirtilals, won two prestigious awards at the National Jewellery Award organised by All India Gems and Jewellery Trade Federation (GJF).

Exclusive

02.03.2015
“We believe in the superior craftsmanship of our Belgian Master Cutters”
jean_claude_muller_x.jpgS. Muller & Sons founded in 1955 is now a world-renowned diamond manufacturer managed by the third generation of diamantaires led by Jean Claude Muller, the company’s CEO. S. Muller & Sons has an in-house diamond factory, one of the few that still remain in Antwerp, which is producing the now famous Hearts & Arrows Diamonds. The company’s involvement in Hearts & Arrows initiated with its relationship with Mr. Takanori Tamura, the inventor of the Eight-Star Diamond. While attending the Antwerp Diamond Trade Fair last February, our correspondents – helped by the Antwerp World Diamond Centre and S. Muller & Sons - took an opportunity to visit the company’s diamond factory, which resulted in the interview with Jean Claude Muller below.


Analytics

International Diamond Week Seen as Success – But How Much Business Done?
Although organizers of the Israel Diamond Exchange's (IDE) February 8-12 International Diamond Week praised the success of the latest edition of the show, it was less clear if the event created business or just a lot of meetings and networking. The diamond week featured a large delegation from the Diamond Dealers Club (DDC) of New York and it was also the first edition to feature a delegation of diamantaires from the Antwerp Diamond Bourse and another from Turkey. The event also featured a high-level signing ceremony of a Memorandum of Understanding between the IDE and Russian diamond mining giant Alrosa.

Indian diamond market in January
Year 2015 started off on a good note for the Indian diamond industry, which was still revelling in the partnership struck with ALROSA during the previous month when 12 contracts were signed by leading industry players, renewals and new. Trading in the diamond district of Mumbai picked up gusto with overseas buyers seen in plenty from main consumer markets. However, of late the Indian markets struggle with continued liquidity problems attributed to less availability of finance as well as delays in overseas payments.

HRD Antwerp
Gemmological & Jewellery Conference
Luxury China
Severalmaz

 

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