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Expert reports

24.10.2014
Government will oblige jewelers to mark synthetic diamonds
(Rbc.ru) – Russia’s Ministry of Finance and ALROSA have developed amendments to the legislation on precious stones that will oblige local jewelers to mark their goods having synthetic diamonds and sell them separately.

24.10.2014
NRF Predicts Consumer Spending to Increase 4% for Christmas Season
(Rapaport) - The National Retail Federation (NRF) predicts that U.S. Christmas-season retail sales will increase 4.1 percent year on year to approximately $619.9 million for the months of November and December 2014. The projected increase is higher than actual increases for the holiday seasons in 2012 and 2013, but lower than the 4.8 percent rise in 2011. Online retail sales growth is expected to be in the 8 percent to 11 percent range, according to the NRF.

23.10.2014
Sharing Information Enhances De Beers Leadership Position
(Rapaport) - De Beers published its Diamond Insight Report at the September Hong Kong Jewellery and Gem Fair. The 90-page volume, also available online, provides a snapshot of the state of the diamond industry and outlines trends that De Beers expects will drive the market in the coming decade. Rapaport News sat with Bruce Cleaver, De Beers executive head of strategic and corporate affairs, in Hong Kong to discuss the report’s key findings.

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News

24.10.2014
ALROSA Supervisory Board meeting
In accordance with the Labour Code of the Russian Federation, the labour contract of ALROSA President Fyodor Andreev is terminated since October 23. Fyodor Andreev’s decision on resignation is caused by medical reasons.This was announced by the company in a press release distributed on Thursday. Fyodor Andreev will continue as a non-executive Supervisory Board member. First vice-president Ilya Ryashchin has taken over from Mr. Andreev as acting president of ALROSA.

24.10.2014
Petra Diamonds says FY 2014 output, revenue up
Petra Diamonds, which has mines in South Africa and Tanzania, said it continued to make a “steady progress” in the fiscal year (FY) 2014 as the company recorded higher output than previously envisaged.

24.10.2014
Lucara rakes in $46.4m from “exceptional” stone tender
Lucara Diamond has pocketed $46.4 million from its third and final “exceptional” stone tender for the year.

24.10.2014
More than 150 industry players from about 30 countries to take part in Yerevan Show 2014
The forth Yerevan Show 2014 organized by the Armenian Jewellers Association (AJA) will be held on October 25-28 in Yerevan at the premises of the AJA Free Economic Zone in the Meridian Exposition Center.

24.10.2014
Rio Tinto extends the tenure of senior executive team
The Rio Tinto board has extended the tenure of chief executive Sam Walsh and chief financial officer Chris Lynch, company said in its press release.

23.10.2014
ALROSA purchased 99,73% of additional share issue by Severalmaz
ALROSA purchased 99,73% of the additional share issue carried out by Severalmaz, executing its preemtion right, according to the issuer's press statement quoted by Interfax.

23.10.2014
New De Beers, Namibia diamond-sales deal not yet in sight
De Beers and the Namibian government are still negotiating over a new diamond-sales agreement, according to reports. The southern African country, buoyed by Botswana’s success, was eyeing to independently sell part of diamonds produced by its joint venture company with De Beers, Namdeb.

23.10.2014
WDMF and Turkish Jewellery Exporters Association signed a Memorandum of Understanding
The World Diamond Mark Foundation (WDMF) and the Turkish Jewellery Exporters Association (JTR) signed a Memorandum of Understanding during a joint press conference held to announce the stepping up of cooperation between the WDMF and JTR.

Exclusive

20.10.2014
AWDC regrets seizure of Zim diamonds, but says not involved in the matter
margaux_donckier_preview.jpgAbout 500 000 carats of Zimbabwean diamonds worth about $45 million that were on sale last month at the Antwerp World Diamond Centre (AWDC) were first attached by Amari Platinum before the Belgian court reversed the seizure, pending a court ruling, which is expected anytime soon. A group of white former commercial farmers also attached the same diamonds on the basis of an International Centre for Settlement of Investment Disputes arbitration award against the Zimbabwean government to compensate the ex-farmers. As the legal battle rages on, the voice of AWDC had been silent and Rough&Polished’s Mathew Nyaungwa sought a comment from the centre’s spokesperson Margaux Donckier, who said they regret the seizure. However, AWDC was quick to point out that they were not involved in the matter. Donckier also commented on the recent closure of the Antwerp Diamond Bank.


Analytics

Between a rock and a rough surface: Africa’s woe as it seeks to cut, polish diamonds
De Beers said in its inaugural Insight Report, which was released last month that the global diamond cutting and polishing sector remains fragmented, with midstream companies under pressure from a mishmash of increasing costs in the upstream, the availability of credit and price-point requirements from their retail customers.

Alrosa’s planned exploration activities boon for Zim
With Alrosa now actively involved in Botswana’s Orapa, it was also interesting to hear that the diamond giant was set to prospect for precious stones in Zimbabwe with DTZ-OZGEO, a Zimbabwe-Russia joint venture company.

HRD Antwerp
9th China Gold & Precious Metals Summit 2014
Severalmaz

 

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