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Expert reports

ALROSA completes open-pit mining at Udachny
On June 25, Russia’s ALROSA celebrated a "both happy and a bit sad" but in any case historic event. Udachny, one of the oldest open-pit mines in Western Yakutia, is ceasing its operation. For the namesake diamond pipe this means transition to underground mining, while the company as a whole is facing the prospect of constructing open-pit mines on other, however more tricky diamond fields, as well as the need to continue exploration.

Do You Want Diamonds With That? Why Restaurants and Hotels Like to Serve Up Bling
(Bloomberg) - Luxury hotels, department stores, and restaurants are always pushing the limits of grandeur to impress their customers. And what could make a hotel or restaurant look more lavish than a drink or suite package that comes with a real diamond? Even if the $10,000 martini with bling at the bottom doesn’t sell very well, it certainly generates press and adds splendor to a cocktail menu.

The Diamond Austerity
( - The diamond industry keeps facing hardships that call for a serious bailout plan, and diamond mining companies are starting to respond to the crisis with measures that will provide relief, albeit temporary. Miners begin to respond to manufacturers' hardships.

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Gokhran rakes in $2.4 million at auction of special diamonds
( – Gokhran sold 5,042 carats of diamonds for $2.4 million at an auction in July for special-sized rough diamonds (larger than 10.8 carats in size), the Russian state repository told Interfax.

Gem Diamonds H1 sales drop 18pc as “difficult market” conditions persist
Gem Diamonds’ sales tumbled 18 percent in the first half of 2015 to $106.3 million compared to $129.0 million recorded a year earlier.

South Africa invites Indian firms to set up jewellery units
South Africa has invited Indian companies to invest in jewellery manufacturing units in the country by taking advantage of its latest policies, reports

Petra boosts diamond output at Tanzania mine
Petra Diamonds’ 75 percent-owned Williamson Diamonds, also known as Mwadui, in Tanzania has recorded a 7 percent increase in output to 202,265 carats for the fiscal year ending June.

British MP: The Kohinoor Diamond Should be Returned to India
Ahead of Indian Prime Minister Narendra Modi’s visit to the UK in November, British MP Keith Vaz is now saying that the Kohinoor diamond should be returned to India, Diamond World reports.

Tiffany & Co. issued a 2014 CSR report highlighting commitment to sustainable development
Tiffany & Co. has released fifth annual Corporate Responsibility Report reiterating its commitment to practicing sustainable principles in all parts of business.

GJEPC’s IIJW 2015 to be held in Mumbai from Aug. 3-6
The India International Jewellery Week (IIJW), a Gem & Jewellery Export Promotion Council (GJEPC) initiative, will be staged from August 3 to 6, 2015 in Mumbai, India.

Kennady Diamonds announces C$4M non-brokered private placement
Kennady Diamonds Inc. announced the undertaking of a non-brokered private placement to raise approximately C$4M through the placement of common shares at a price of C$3.40 per common share.


History is being made here in Panama, and I feel fortunate to be part of it - Eli Izhakoff
eli_izhakoff_x.jpgEli Izhakoff, Chairman, World Jewelry Hub, Panama and Founding Chairman, Panama Diamond Exchange is also an Honorary Lifetime President of a host of Global organisations like World Federation of Diamond Bourses, World Diamond Council, CIBJO, the World Jewellery Confederation, Diamond Dealers Club of NY,Diamond Industry Steering Committee and Bangkok Diamond and Precious Stones Exchange. Here, Eli Izhakoff talks to Rough&Polished about the issues being faced by the global diamond industry currently; and about the WJH, he is more than confident by proclaiming “History is being made here in Panama.”


Can the industry manage without diamond price lists?
Price lists have become an increasingly important part of the diamond market over the past 25 years – and the Rapaport list has achieved overwhelming importance. But do, and can, such lists, provide an accurate indication of diamond prices? Are changes to the list carried out too often and are those changes too severe particularly at a time when trading conditions are difficult? Is there a realistic alternative to the Rap list, or will the industry have to live with it?

Boosting Global Jewelry Sales a Main Theme at 2015 Presidents Meeting
The usual subjects affecting the global diamond industry were aired at the 2015 Presidents Meeting in Tel Aviv, with all the main speeches relating to the issues of declining profitability, high rough prices and standstill polished prices, the dangers of overgrading and coated diamonds. If not exactly a new theme, the issue of the absolute necessity of raising diamond jewelry sales via generic diamond promotion was widely discussed.

HRD Antwerp


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