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Expert reports

Forced Diamond Merger Renews Investor Fears
(The Financial Gazette) - The forced merger of diamond firms renewed fears of government clampdown on private investment, which had subsided after a perceived climb-down on the controversial indigenisation crusade. Analysts warned that the latest government manoeuvre to force Zimbabwe Stock Exchange (ZSE)-listed Murowa Diamonds to merge with alluvial diamond firms in Chiadzwa could spell disaster to efforts by government to lure foreign capital into the country, desperately needed to turnaround a now-comatose economy.

Banks Need More Transparency From the Diamond Industry
(Rapaport) - Antwerp World Diamond Centre's (AWDC) keynote speaker, Herman Van Rompuy, the former European president, told industry attendees at a financing seminar on March 27 that no one can bypass market rules anymore. And this advice applies to the diamond industry - even more than other industries - because with its $20 billion in bank credit, the diamond trade is too small of a player in the financial marketplace.

Why luxury retailers have finally given in to digital
(CNBC) - Richemont and Yoox Group announced details of their deal Tuesday, which will create one of the leading online luxury fashion retailers with combined 2014 sales of 1.3 billion euros ($1.4 billion), trumping interest from online giant Amazon. The group behind Cartier and Van Cleef & Arpels jewelry brands, Richemont, said the combined entity will launch a capital increase of up to 200 million euros upon completion of the deal. Richemont will hold a 50 percent stake in the new company, which will be called Yoox Net-A-Porter Group.

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ALROSA considers 2014 exploration performance
On 17 April, ALROSA’s Executive Committee considered the 2014 exploration performance to declare all the targets successfully achieved.

Kristall plans to buy rough diamonds worth RUB330 million in May
( – Kristall diamond manufacturing company from Smolensk plans to buy rough diamonds from the single producer for 330 million rubles before May 17, according to procurement notification.

Petra Diamonds boosts Q3 output, revenue drops
Petra Diamonds has upped its third-quarter diamond output 6 percent to 791,443 carats compared to 743,424 carats realised a year earlier.

Tenders and auctions oversubscribed at International Rough Diamond Week
The second International Rough Diamond Week (IRDW), held at the Israel Diamond Exchange (IDE) from April 12 to 16 is a great success, according to the IDE.

Diamond Finance in focus at Dubai Diamond Conference
The Second Dubai Diamond Conference, to be held April 21-22, will highlight one of the most pressing issues affecting the global gems trade: Diamond Finance.

Diamcor pockets $800k in diamond sales from SA mine
Diamcor Mining said it sold 4,619.11 carats of rough diamonds generating gross revenues of $842,419 net of commissions and fees, for an average price of $182.38 per carat during the fourth fiscal quarter ended March 31.  

RJC’s Annual Meeting in India concludes on a positive note
The Responsible Jewellery Council (RJC) held its Annual General Meeting (AGM) in Mumbai this week, along with visits to key diamond and jewellery manufacturing centres in Surat and the SEEPZ Special Economic Zones.

Antwerp Diamond industry on networking tour in the United States
The Antwerp World Diamond Centre will be travelling to Chicago and New York from April 18 – 23 for several networking events with local diamond traders.


Igor Kevchenkov: Money Invested in Polished Diamonds and Gold are the Most Reliable Investments
igor_kevchenkov_x.jpgRusskaya Yuvelirnaya Kompaniya (Russian Jewellery Company) established in 1998 is now an advanced company manufacturing exclusive jewellery and selling it in the Russian market. The Holding comprises Moskovskaya Yuvelirnaya Fabrika (Moscow Jewellery Factory) and multi-brand stores located in Moscow, Novosibirsk and other Russian cities. The jeweler's retail store chain offers a wide range of goods starting from high-end diamond jewellery sets to the one-of-a-kind designer silver jewellery. It is also a partner of leading Russian and foreign manufacturers like MYuZ, Russkie Samotsvety (Russian Gems), Adamas, MZSS and other firms. Igor Kevchenkov, Director General of Russkaya Yuvelirnaya Kompaniya, answers the questions from Rough&Polished.


A new season of life ushered for diamond business in March?
Despite a slowdown in consumer markets in Europe and the Middle East, the Indian diamond industry is totally geared up to cater to larger markets like the United States and China. The post Signature IIJS period has been rather fruitful for the industry as overseas buyers, especially from Hong Kong, have arrived in large numbers to Mumbai, making Bandra Kurla Complex (which houses the Bharat diamond Bourse, as well as many diamond firms) now look like mini-China.

Israel Sends Strong Message to Producers: Sell More to Us
When it comes to the issue of securing rough diamonds, Israel does not have many advantages in being able to bring in the large quantities of goods it needs. But as its diamond sector leadership stresses repeatedly, it does have a huge entrepreneurial spirit that has enabled it become a center that imports $5 billion of goods annually. In financial terms, it is as if the country were buying almost all of De Beers' annual production.

HRD Antwerp
Gemmological & Jewellery Conference
Luxury China


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