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Expert reports

18.12.2014
Indian sightholders reject De Beers roughs at Gaborone
(The Times of India) - When Indian diamond companies struck a deal for direct import of $2.1 billion worth of diamonds from Russia's Alrosa mining company at the recent World Diamond Conference (WDC) at New Delhi, the Indian sightholders purchasing from De Beers rejected a fair amount of rough diamonds offered for sale at December sight held at Gabarone in Botswana on December 10.

17.12.2014
Rio Tinto bets big on Diavik diamond mine
(The Globe and Mail) - Canada’s diamond-mining sector looks that much brighter after a big vote of confidence from global mining giant Rio Tinto PLC. The Anglo-Australian diversified miner is investing $350-million (U.S.) in the expansion of the Diavik diamond mine in the Northwest Territories, a decision that is a coup for Diavik because Rio Tinto has slashed its capital-expenditure budget in a slumping commodities market and said it will only invest in high-potential projects.

16.12.2014
AWDC has Singapore and Malaysia in its sights
The representatives of a number of the Antwerp diamond companies took part in the Belgian Trade and Economic Princely Mission in the presence of Princess Astrid of Belgian; the members of the mission visited Singapore and Malaysia in the last ten days of November. The Antwerp World Diamond Centre (AWDС) representing the interests of the Belgian diamantaires held several exclusive business-to-business events during this visit.

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News

18.12.2014
De Beers Dec sight rakes in $600mln, sightholders reject goods – report
De Beers’ December sight is said to have raked in $600 million amid claims of a “bad mood” that engulfed the group’s last trade of rough diamonds for the year.

18.12.2014
‘United industry is key to future growth of diamond business’ says WDC President
While addressing the World Diamond Conference in New Delhi, India, the World Diamond Council President Edward Asscher stressed that ‘unity’ is of paramount importance for the future growth of the global diamond industry.

18.12.2014
Gemfields completes acquisition of Mozambique’s ruby licences
Gemfields has completed the acquisition of controlling interests in two additional ruby deposits in Mozambique, just over two years after it first announced its interest in the licences.

18.12.2014
ADTF sixth edition on February 1-3, 2015
Antwerp Diamond Trade Fair (ADTF) Organizing Committee expexts in Antwerp in February hundreds of buyers, among them a significant group of first-time visitors hundreds of buyers.

18.12.2014
Gahcho Kué Joint Venture and NWT Métis Nation sign Impact Benefit Agreement
De Beers Canada Inc. and Mountain Province Diamonds are pleased to announce that an Impact Benefit Agreement has been entered into with the NWT Métis Nation for the proposed Gahcho Kué diamond mine.

17.12.2014
Kristall will buy 11,500 carats of rough diamonds in the course of one month
Kristall, OAO intends to purchase 11,500 carats of (non-industrial) rough diamonds to the tune of RUB 277.59 million until January 18, 2015, as it follows from the procurement notices for goods bought from a single supplier. This was reported by the PRIME business news agency on Tuesday.

17.12.2014
Belgium, AWDC helping Côte d’Ivoire to resume diamond trading
Belgium’s FPS Foreign Affairs and the Antwerp World Diamond Centre are helping the Ivory Coast to set up a monitoring system that will see the West African nation adhering to the strict conditions of the Kimberley Process and resume diamond trading.

17.12.2014
FICCI & World Gold Council’s report recommends changes in Gold Policy
The Federation of Indian Chambers of Commerce and Industry and the World Gold Council have issued a Report wherein they have placed seven key recommendations before Indian policy makers, which will help to monetise India’s large stock of household gold.

Exclusive

15.12.2014
Demand for diamonds in the world is very high – AWDC
margaux_donckier_preview.jpgMargaux Donckier, spokesperson of the Antwerp World Diamond Center, told about the main trends in the diamond market in her interview to Rough&Polished.


Analytics

Supporting domestic producers, or What do diamond and emerald markets in Russia have in common?
In November this year, ALROSA started signing long-term contracts for the supply of diamonds in the contract period of 2015-2017. On the backdrop of possible sanctions and aggravation in relations with the EU, the Russian state-owned company announced that it would take into account the interests of Russian diamond manufacturers "if there will be available resource capabilities." However, the question is whether all this is really about changing priorities?

November is diamond trade awareness month
The Indian diamond industry’s main focus during the month of November was the World Diamond Conference scheduled to be held in New Delhi on December 11th and 12th, 2014, and scheduled to be inaugurated by Russian President Vladimir Putin and Indian Prime Minister Narendra Modi. The Indian diamond industry was back to business after almost a month-long Diwali vacation. Production, during the month of November began in full earnest at the cutting centres and trading picked up substantially in the diamond district in Mumbai.

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