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Expert reports

29.01.2015
Okavango Sales
(Rapaport) - Okavango Diamond Company completed a successful first full year in business in 2014. The Botswana parastatal sold approximately 3.27 million carats for revenue of $552 million during the year, management told Rapaport News. That works out to an average price of about $168 per carat as sales were well within expectations. Having launched its auctions in October 2013, the company is already an important global supplier of rough diamonds and has emerged as a benchmark for rough pricing and demand trends.

28.01.2015
Lucara’s changed perception on Mothae: rehashing reports on the ‘promising’ project
Lucara Diamond announced in November 2010 what it called “excellent” first results from the trial mining programme at its 75 percent-owned Mothae diamond mine in Lesotho. However, recently the company said in a statement that although the resource had been proven to be diamondiferous, Mothae did not meet the “disciplined” investment criteria for its targeted return on capital and its forecast generation of long term free cash flow potential.

27.01.2015
India's jewelry market at the turn of the year
Though the year 2014 saw many ups and downs, it has ended with a sense of achievement for the Indian gem and jewellery industry. And, with renewed confidence, the industry players seem to be ready to take on the coming year, head on. While trading did not have the usual vigour in the diamond district of Mumbai during the month of December, liquidity concerns among diamond manufacturers were significantly high due to the current bank-financing scenario prevalent in the country.

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News

29.01.2015
Lucapa commences alluvial diamond mining at Lulo concession
Angolan mining company Lucapa Diamond Company Limited and its mining partners, the state-run Endiama and private Angolan company Rosas & Petalas, have successfully commenced alluvial diamond mining at the Lulo Diamond Concession in Angola’s Lunda Norte diamond province, according to IDEX Online.

29.01.2015
De Beers Q4 diamond output drops 8% year on year
Anglo American, which owns an 85-percent stake in De Beers said the group’s diamond production decreased by 8 percent to 8.4 million carats during the fourth quarter of 2014 compared with the corresponding period the previous year.

29.01.2015
Jay kimberlite deposit to extend Ekati life cycle
Dominion Diamond Corporation announced the results of a pre-feasibility study (PFS) on the Jay kimberlite pipe, according to a press release received by Rough & Polished.

29.01.2015
De Beers rakes-in $450m from January sight – report
De Beers is said to have earned about $450 million from its first sight of 2015, which ended recently in Botswana.

29.01.2015
Israeli diamond bourse leaders meet with De Beers delegation
Israeli diamond bourse leaders met with a delegation from De Beers Group, headed by Paul Rowley, Executive Vice President of De Beers' Global Sightholder, according to Israeli Diamond Industry Portal.

29.01.2015
A new platform for diamond e-commerce
The new platform for the diamond e-commerce has been opened at www.asapdiamonds.com.

28.01.2015
Gem Diamonds says long-term outlook of diamonds strong despite Q4 weak prices
Gem Diamonds said the long term outlook for the diamond market remains strong, despite weak prices recorded during the fourth quarter of 2014 following a year of price growth.

28.01.2015
Zim’s plans to merge Marange diamond firms facing resistance
Some top Zimbabwean government officials allegedly behind some of the major diamond mining companies in Marange are said to be reluctant to comply with Mines minister Walter Chidhakwa’s move to merge the firms to improve transparency and accountability.

Exclusive

26.01.2015
Mining Indaba MD says changes to be seen at this year’s event, focus on core mission
jonathan_moore_x.jpgInvesting in African Mining Indaba will take place in the resort town of Cape Town, in South Africa early next month. Jonathan Moore, the managing director of Mining Indaba told Rough & Polished’s Mathew Nyaungwa in an exclusive interview last Friday that the acquisition of the Indaba organiser last July by Euromoney was positive. He said as a result, there would be some noticeable changes at this year’s event as they seek to re-affirm the core value mission of the Mining Indaba, which was to unite investors, mining companies and African mining ministers to put foreign direct capital to work on the continent.


Analytics

Diamantaires concerned as AMS mistakes natural diamonds for synthetic
Six months have passed since De Beers unveiled a revolutionary device for detection of small synthetic diamonds - the Automated Melee Screening Device (AMS). However, initial results produced by the use of this device designed to protect the market from lab-made stones are not very reassuring. In the opinion of diamantaires using the device, they are now faced with the opposite problem: AMS identifies some part of natural diamonds as being synthetic.

ALROSA brings in ‘good cheer’ for Indian diamond industry
Full marks to the Gems & Jewellery Export Promotion Council of India (GJEPC), the apex body of gems and jewellery trade, for organizing the first ever World Diamond Conference in India, in association with the World Diamond Mark Foundation (WDMF) and supported by the Ministry of Commerce and Industry, Government of India on December 11 and 12, 2014 at Vigyan Bhawan, New Delhi, India. The highlight of the two day congregation of global diamond leaders, was the presence of Vladimir Putin, President of the Russian Federation, and Narendra Modi, Prime Minister of India, at the inaugural function on December 11, 2014.

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