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Gaetano Cavalieri: I expect our industry to experience steady growth, but not at the pace of the past few years
gaetano_cavalieri_preview.jpgThe World Jewellery Confederation (CIBJO) represents the entire jewelry industry embracing a whole variety of companies, from those mining precious metals and gems to those, which are manufacturing and selling final products. The confederation members are national jewelry associations from more than 40 countries, including Russia. In 2006, the CIBJO was the only organization granted the official status of a consultant to the UN Economic and Social Council on the development of the global jewelry industry. Gaetano Cavalieri, President of CIBJO, has kindly agreed to give this interview to Rough&Polished and to talk about his vision of the situation in the diamond industry.

Investments that Make One Beautiful and Happy
svetlana_maximova_x.jpgSvetlana Maksimova, CEO of the Casting-House jewellery company (with the office in the Triumfalny trade centre, specializes in the designer items using high quality Yakutian diamonds with their origin being beyond any doubts and their cut flawless). She is a founder of the Yakutian polished diamonds trademark (Yakutskiye Brillianty). She has graduated from the Yakutian State University and the Far-Eastern Institute of Psychology and Psychoanalysis. She worked as a Senior Deputy Director General at the diamond cutting and polishing Tuimaada Diamond company, AK ALROSA (in the Centre for co-operation with cutting and jewellery companies) and also as a Director of the Almazny Dvor (Diamond House) trading and exhibition centre and a Director General of the Diamond Club of Russia.

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.

De Beers Group turning more sophisticated in their technological line-up to identify synthetics
simon_lawson_06042015_x.jpgjamie_clark_06042015_x.jpg







Besides diamond mining, The De Beers Group of Companies has been engaged in diamond research for many years and this kind of involvement is now paying back helping the global diamond industry to prevent its market from being eroded by synthetic diamonds. As part of De Beers Group, De Beers Technologies and the International Institute of Diamond Grading & Research (IIDGR) have been quite busy recently developing techniques and producing a range of easy-to-use equipment focused on detecting treated and synthetic diamonds. Simon Lawson, Head of De Beers Technologies UK and Jamie Clark, Commercial Director for the IIDGR described the latest know-how offered to the diamond industry in their interview to Rough&Polished.



News

30.04.2015
OAO Kristall announced financial results at the recent Board of Directors meeting
The recent meeting of the Board of Directors of OAO Kristall, headed by the new head of ALROSA Andrei Zharkov, was held on April 28 in Moscow. Members of the Board discussed a number of issues, including the financial results of the company for 2014.

30.04.2015
Scio Diamond to double diamond-growing capacity
Lab-grown diamond producer Scio Diamond Technology Corporation said it will complete a manufacturing expansion in May that will more than double its capacity to create diamonds.

30.04.2015
AWDC signs MoU with Istanbul Diamond Bourse and Turkish Jewelry Association
Following its participation in the Istanbul Jewelry Show, the Antwerp World Diamond Centre (AWDC) has signed a Memorandum of Understanding with the Borsa Istanbul and the JTR Jewellers Association.



Diamond Deposits in Yakutia

25.06.2012

Reserves and resources Allocation

The major part of the diamond reserves (about 80%) and almost half of the world’s proved diamond resources are located on the territory of the Republic of Sakha (Yakutia) in Russia. Despite the fact that the greater part of deposits lies in the extreme environment of the Far North and is characterized by complicated mining and operating conditions, the diamond grade of ores contained in Yakutia’s kimberlite pipes is normally higher while their quality is comparable with that of other deposits in the world, which makes their development economically efficient.

All the deposits located in the Republic of Sakha (Yakutia) belong to the Yakutsk diamond-bearing province with the Malo-Botuobinsky, Daldyno-Alakitsky, Anabarsky, Sredne-Markhinsky, Prilensky, Muno-Tungsky, Nizhne-Oleneksky and Morkokinsky diamond-bearing districts being the major ones.

Almost all the Yakutia diamond reserves (93.1%) are concentrated in the kimberlite pipes, and the alluvial diamonds make 6.9% of the approved reserves, with the inferred resources equal to 65% of the total inferred resources registered in the Republic. The diamond grade of the ores mined in the Republic (kimberlite pipes) is normally higher than in the deposits abroad, although by their quality the local diamonds are comparable to those mined at many similar mines accross the world.

As of January 1, 2010 the State Mineral Reserves Register of the Republic of Sakha (Yakutia) registered 47 deposits, including 17 kimberlites, 30 alluvials, with the total reserves over 1.0 billion carats in Categories А+В+С1 and С2.

The proved balance reserves life in the Republic is 25-30 years at the current mining level and is defined as satisfactory (Tables 1, 2).

Table 1

Major Diamond Deposits in the Republic of Sakha (Yakutia)






























The table was compiled by the author based on the following data:
1. Government Report “On the State and Utilization of
mineral-Raw Material resources in the Russian Federation in 2010.” “Almazy. IATs “Mineral”, 2011, pp. 273-282.
2. Presentation for investors – Results of 2011. IR Press-Release of OAO ALROSA. May 17, 2012.

Table 2

The state of diamond reserves in the Republic of Sakha (Yakutia) as of 01.01.2010, %







































The table was made by the author based on the data of the Programme “The Social and Economic Development of the Republic of sakha (Yakutia) up to 2025 and the Guidelines up to 2030”.

The development of the rough diamond basis is among the leading lines of activities of the Yakutia geological industry. In future, the diamond geological exploration will focus on localizing, exploration, evaluation and prospecting of potential diamond-bearing areas in the Yakutsk diamondiferous province and conversion of the inferred diamond resources into the commercial category reserves. increase in the diamond reserves begins to show on the proved kimberlite and alluvial deposits, those under exploration and deposits planned for prospecting, and in future, it should compensate for the utilized reserves.

At present, the real prospects in localizing commercial diamond deposits are connected with the Sredne-Markhinsky and Muno-Tungsky diamond-bearing areas, where new kimberlite bodies rich in diamonds can be discovered, as well as buried high-quality diamond placer deposits. Along with the elaboration of discovered deposits, it is expected to intensify the geological and geophysical exploration and the integrated studies are to be carried out along the fault zone containing ores.

It is also planned to increase the diamond exploration works minimum by 3.5% per year of the value of the diamonds mined in the Republic in order to replenish the utilized reserves and discover new promising kimberlite and alluvial deposits. This will allow provide the diamond mining industry with a dependable raw material base and increase the reserves for next 20 to 25 years.

Yuri Danilov, Ph. D., Director of the Department of Regional Subsoil Management Economics, Institute for Regional Economics of the North at Ammosov North-Eastern Federal University

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