Tacy LTD

Subscribe Now to Diamond Intelligence Briefs!

Tacy's 2011 Diamond Pipeline: Chasing Paper Profits

Dib 700 features the Tacy Ltd. 2011 Diamond Pipeline. Chaim Even-Zohar reflects on the 2011 pipeline and analyzes trends effecting its various levels, such as price volatility, stock appreciation, diamond recycling, diamond content in jewelry, retail demand, etc.

DIB 707: 'Let Them Eat Polished...'

DIB 707 discusses an alternative to buying rough when prices don't enable profitable manufacturing of polished. Chaim Even-Zohar talks about the upcoming Pawn Expo in Las Vegas where diamond companies can buy recycled polished diamonds from pawnbrokers - and what this trend means for the pipeline.

Purchase From Mine to Mistress for the Reduced Price of $175!

Until now, we haven't had much room to offer our readers discounts on the purchase of From Mine to Mistress � Corporate Strategies and Government Policies in the International Diamond Industry. But now all that has changed! Click here to order your copy for just $175!

VIEWS

'LET THEM EAT POLISHED...'
Looking back some 250 years ago, France's Queen Marie Antoinette (the wife of King Louis XVI of France, who was beheaded), is remembered in history for her infamous words: "Qu'ils mange...

DTC PRICE-SETTING BY EXCEL SPREADSHEET
This week's Diamond Trading Company (DTC) sight is the first in the new three-year sightholder contract. It is also the first sight of the last such contract. Three years down the road ...

LUBA'S 'DIAMOND CHILDREN' AND OTHER HOLOCAUST REFLECTIONS
During this week's Holocaust Memorial Day, U.S. President Barack Obama recalled words from the Book of Joel: "�Has the like of this happened in your days or in the days of your fathers?...

LIFTING THE CORPORATE VEIL OF DIAMOND COMPANIES
An important precedent-setting court judgment was handed down recently in the district court of Tel Aviv in the case of Bank Leumi versus Zvi Gal Diamonds. It is a complex judgment, whe...

ON THE MARGINS OF THE KPCS 2010 ZIMBABWE MISSION: EU REJECTS CHARGES THAT PAYMENT TO REVIEW MISSION CHAIR IMPACTED MISSION'S INDEPENDENCE
This week it was revealed that the European Union (EU) signed a contract with the Chairman of the 2010 Kimberley Process Certification Scheme (KPCS) Review Mission to Zimbabwe stipulati...

ARGYLE MINE FOR SALE - AGAIN
The world's third-largest diamond producer, Rio Tinto, has followed in the footsteps of the fourth-largest diamond producer, BHP Billiton, and has announced its intention to sell some o...

INDIA'S NEW TAX MEASURES MAY IMPACT GLOBAL DIAMOND DEMAND
With diamond jewelry demand booming in India, the phenomenal rise of domestic consumption has somewhat compensated for the decline in diamond jewelry demand in the traditional markets, ...

2011: CHASING PAPER PROFITS; RECYCLED DIAMONDS AN INTEGRAL PART OF SUPPLY CHAIN
"Last year was an excellent year for us," said the outgoing De Beers chairman Nicky Oppenheimer at a party with clients. "If you didn't make money, then you are obviously in the wrong b...

FREEZING-COLD DIAMONDS IN TORONTO
The ultimate places to get to know tomorrow's diamond producers are at the two major annual conventions of exploration and producer companies, which take place in Africa (Indaba) or in ...

THE LONG SHADOW OF MICHELLE FAIRHURST...
Apparently, every meeting of the Responsible Jewellery Council's (RJC) main stakeholders starts with a reminder to all present to be cognizant of antitrust laws and to avoid doing or sa...

REFLECTING ON THE DE BEERS 2011 PERFORMANCE
The recently released De Beers annual results provide a treasure of fascinating information for the diamond industry. Foremost, we have the issue of DTC rough diamond selling prices. Th...

THE HUMAN SIDE OF AFRICAN ALLUVIAL MINING
There are some really poignant diamond-mining stories in Africa. One such story is of a new mine that found many local tribes people living in subsistence conditions on non-arable land,...

>> more articles

NEWS

DIAMDEL: GLOBAL DEMAND FOR ROUGH DIAMONDS HOLD FIRMS IN APRIL
De Beers' Diamdel recently offered 514 lots of rough diamonds spanning the Large, +2 caraters, Grainers, Smalls and Near Gem product categories during its third cycle of auctions for 20...

CHRISTIE'S 'JEWELS FOR HOPE: THE COLLECTION OF LILY SAFRA' EARNS $37.9 MILLION
Christie's Geneva earned US$37.9 million for its "Jewels For Hope: The Collection of Mrs. Lily Safra" charitable auction, held May 14, which had 100 percent sell-through rates both by l...

SHORE GOLD APPOINTS FORMER DE BEERS EXECUTIVE AS BOARD CHAIRMAN
Canadian diamond exploration company Shore Gold has appointed Brian Menell as Chairman of the Board of Directors. Menell, a former executive of the De Beers Group, has been on Shore Gol...

IMF: LESOTHO'S DIAMOND SECTOR TO EXCEED 20% OF GDP BY 2016/2017
Lesotho's diamond sector, which accounted for 7 percent of the country's GDP in 2010/2011, is expected to grow further, exceeding 20 percent of GDP by 2016/2017, says the International ...

SA MINISTER OF MINERAL RESOURCES: KPCS IN NEED OF CONSTANT REASSESSMENT AS IT EVOLVES
There is a need to reassess the Kimberley Process Certification Scheme (KPCS) now that a decade has passed since it was first introduced, said South Africa Minister of Mineral Resources...

WDC, KP CHAIR SUPPORT WIDENING 'CONFLICT DIAMONDS' DEFINITION
The World Diamond Council (WDC) expressed its support for discussions to widen the definition of "conflict diamonds" in the Core Documents of the Kimberley Process Certification Scheme ...

ISRAELI DIAMOND INDUSTRY TO MAINTAIN LARGE PRESENCE AT JCK-LAS VEGAS
Israel's diamond industry will again have a major presence at the JCK Show in Las Vegas next month. The Israel Diamond Pavilion, hosted by the Israel Diamond Institute Group of Companie...

SCIO DIAMOND TECHNOLOGY BEGINS PRODUCTION OF CULTURED DIAMONDS
Laboratory-grown diamond producer Scio Diamond Technology Corporation has commenced production of usable diamond material in its CVD reactors in the new facility in South Carolina. ...

NAMDEB'S ELIZABETH BAY MINE TO MEET PRODUCTION TARGET OF 220,000 CARATS PER YEAR
Five months after resuming production, Namdeb's Elizabeth Bay mine is on track to meet its production target of 220,000 carats per year, the Namibia Economist reports.

ALROSA SELLS $46 MILLION IN DIAMONDS AT TWO APRIL AUCTIONS
Russian diamond conglomerate Alrosa sold a total of US$45.7 million worth of large rough diamonds weighing 10.8 carats or more at two auctions in April.

RIO TINTO APPOINTS NEW HEAD OF BUNDER DIAMONDS PROJECT IN INDIA
Rio Tinto has appointed Tarun Malkani to lead its Bunder diamonds project in Madhya Pradesh, India, as it moves into the advanced stages of its prefeasibility study. Malkani, an engine...

>> more articles

DIAMOND INTELLIGENCE BRIEFS

DIAMOND INTELLIGENCE BRIEFS - ISSUE 708
Inside this Issue: WDC No Longer on the Fence: Supports Changing KP Definition of 'Conflict Diamonds'...WDC, KP Chair Support Widening 'Conflict Diamonds' Definition...SA Mineral Resou...

DIAMOND INTELLIGENCE BRIEFS - ISSUE 707
Inside this Issue: "Let Them Eat Polished..." UAE KP Hosts High-Level Security Workshop to Avert Diamond Smuggling...Angola's SMC Contributes over $170 Million to State Budget...Zimbab...

DIAMOND INTELLIGENCE BRIEFS - ISSUE 706
DTC Price-Setting by Excel Spreadsheet..Charles Taylor Convicted of War Crimes, Crimes against Humanity...CoMZ: Zimbabwe Needs New Approach for Mineral Beneficiation to Succeed...HRD An...

DIAMOND INTELLIGENCE BRIEFS - ISSUE 705
Inside this Issue: Luba's 'Diamond Children' and Other Holocaust Reflections...Charles Taylor Verdict to Be Delivered this Week... Angola's Mining Sector Shows 11.8% Growth in Three Yea...

DIAMOND INTELLIGENCE BRIEFS - ISSUE 704
Inside this Issue: Lifting the Corporate Veil of Diamond Companies...Report: Increased Mining Fees in Zimbabwe May Be Illegal...Ponzi Scheme Operator in Israel Takes 'Clients' for a $15...

DIAMOND INTELLIGENCE BRIEFS - ISSUE 703
Inside this Issue: On the Margins of the KPCS 2010 Zimbabwe Mission: EU Rejects Charges that Payment to Review Mission's Independence...DTC Publishes New Sightholder List...Misinformati...

DIAMOND INTELLIGENCE BRIEFS - ISSUE 702
Inside this Issue: Argyle Mine for Sale - Again...HRD Antwerp Opens Investigation into Four Fired Graders...KP Chair Visits Surat, Reminds Diamantaires of US Sanctions...Chinese Diamond...

DIAMOND INTELLIGENCE BRIEFS - ISSUE 701
India's New Tax Measures May Impact Global Diamond Demand...Zimbabwe Diamond Revenues Underperforming, Says Finance Minister...Report: Sierra Leone to Form a National Minerals Agency......

>> more articles

TACY RESEARCH

TACY'S 2010 DIAMOND PIPELINE: YEAR OF REPLENISHMENT, SPECULATION AND RECYCLING
In DIB 654 Chaim Even-Zohar presents the 2012 diamond pipeline and analyzes the factors shaping last year�s growth and recovery. Read about what impacted each level of the pipeline in 2...

TACY LTD.'S 2009 DIAMOND PIPELINE - YEAR OF PIPELINE DESTOCKING AND RESTRUCTURING
DIB 602 includes Tacy's annual Diamond Pipeline and explains why 2009 was an "aberration" for the industry. Chaim Even-Zohar's analysis shows how and where the economic crisis most impa...

TACY'S ESTIMATES OF 2009 GLOBAL NATURAL DIAMOND PRODUCTION
The 2009 pipeline reflects the most severe single-year contraction of the diamond pipeline since World War II as a result of the economic crisis and the resultant liquidity shortages. ...

2008 DIAMOND PIPELINE: FROM MARKET BUOYANCY TO GLOBAL CREDIT CRISIS, DEFLATION AND RECESSION
The 2008 diamond pipeline reflects the coalescence of two dramatically different periods within a single year: nine months of buoyancy marked by sharply rising rough diamond prices and ...

EMBRACE THE DIAMOND INDUSTRY'S RIPPLE EFFECT
The now inevitable economic slowdown will impact the entire diamond pipeline, but each will be impacted in a different way - with the diamond cutting centers taking the more severe beat...

SIERRA LEONE DIAMOND SECTOR FINANCIAL POLICY CONSTRAINTS
Study conducted for US and British governments looks at the plight of alluvial miners and diggers in Sierra Leone. This plight mirrors problems often seen in the Democratic Republic of...

>> more articles

RESOURCE LIBRARY

SOUTH AFRICAN MINISTER OF MINERAL RESOURCES SUSAN SHABANGU'S SPEECH AT WDC ANNUAL MEETING
Below is the keynote address by Minister of Mineral Resources Susan Shabangu at the WDC's 8th Annual Meeting in Vicenza, Italy, May 13-14, 2012.

SPEECH BY VASANT MEHTA, DIRECTOR OF INDIA'S GJEPC, FOR WDC 8TH ANNUAL MEETING
Below is the speech, in its entirety, by Vasant Mehta, Director of The Gem & Jewellery Export Promotion Council of India, which he presented at the World Diamond Council's 8th Annual Me...

ISRAEL DIAMOND CONTROLLER SHMUEL MORDECHAI'S SPEECH TO WDC 8TH ANNUAL MEETING
Below is the speech, in its entirety, by Israel Diamond Controller Shmuel Mordechai, which he presented at the World Diamond Council's 8th Annual Meeting in Vicenza, Italy, May 13-14, 2...

SPEECH OF MARK VAN BOCKSTAEL, CHAIRMAN, WDC TECHNICAL COMMITTEE, AT WDC 8TH ANNUAL MEETING
Below is the speech, in its entirety, by Mark Van Bockstael, Chairman WDC Technical Committee, which he presented at the World Diamond Council's 8th Annual Meeting in Vicenza, Italy, M...

WDC PRESIDENT ELI IZHAKOFF'S SPEECH AT WDC 8TH ANNUAL MEETING IN VICENZA, ITALY
The following is the full transcript of the speech delivered by Eli Izhakoff, President of the World Diamond Council, at the opening of the Plenary Session of the 8th Annual Meeting of ...

PAC'S ALAN MARTIN PRESENTS SPEECH TO WDC 8TH ANNUAL MEETING IN VICENZA, ITALY
Below is the speech, in its entirety, by Alan Martin of Partnership Africa Canada, which he presented at the World Diamond Council's 8th Annual Meeting in Vicenza, Italy, May 13-14, 201...

U.S AMBASSADOR GILLIAN MILOVANOVIC'S SPEECH TO WDC 8TH ANNUAL MEETING IN VICENZA, ITALY
Below is the speech, in its entirety, by Kimberley Process Chair, U.S. Ambassador Gillian Milanovic, which she presented at the World Diamond Council's 8th Annual Meeting in Vicenza, It...

>> more articles

LEGAL

MICHELLE FAIRHURST'S ANTITRUST CLASS ACTION AGAINST ANGLO AMERICAN AND DE BEERS (AND OTHERS)
In 2007, Michelle Fairhurst of Squamish, British Columbia, filed an antitrust class action lawsuit against Anglo American, De Beers and others alleging that the defendants were engaged ...

LKI VERSUS ANTWERP DIAMOND BANK AND KBC - FULL TEXT OF COMPLAINT
Available for download is the full text of the Lazare Kaplan International complaint against the Antwerp Diamond Bank and KBC.

U.S. APPEALS COURT TO RE-HEAR DE BEERS US$295 MILLION SETTLEMENT CASE
A U.S. appeals court has ordered a re-hearing of the De Beers antitrust settlement case following the filing of an amicus brief by the Diamond Manufacturers & Importers Association of A...

FATF'S INTERPRETIVE NOTE TO SPECIAL RECOMMENDATION IX
To greater understand the objectives and definition of Special Recommendation IX, which the Israeli Tax Authority and the Israeli Diamond Controller of the Ministry of Industry, Trade a...

FATF IX SPECIAL RECOMMENDATIONS
Recognising the vital importance of taking action to combat the financing of terrorism, the FATF has agreed these Special IX Recommendations, which, when combined with the FATF Forty Re...

COURT DOCUMENTS: LKI SUES INSURERS FOR $140 MILLION
Lazare Kaplan International (LKI) has filed a lawsuit in the Southern District of New York against a number of insurance companies claiming $140 million in diamond losses. LKI and fello...

ROSY BLUE VERSUS EDDIE LANE
This is a court document from the United States District Court Southern District of Ohio, Western Division at Cincinnati, Ohio. The Plaintiff is Rosy Blue, NV and the Defendants are Edm...

FINCEN PUBLISHES 2008 ANNUAL REPORT
The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN), which safeguards the domestic financial system from illicit activity such as money laundering and te...

>> more articles

FINANCE

BANK OF BOTSWANA TO LEAVE BANK RATE UNCHANGED AT 10%
The Bank of Botswana Monetary Policy Committee has decided to leave the bank rate unchanged at 10 percent for the fourth consecutive time. To read the decision in full, click on the ico...

ALROSA INFORMATION MEMORANDUM
The attached Information Memorandum, dated December 2007, contains information provided by ALROSA Finance S.A. and ALROSA Company Limited in connection with a euro-commercial paper pro...

DIAMANTAIRES THOUGHT TO BE AMONG UBS CLIENTS SUSPECTED OF TAX EVASION
Switzerland's UBS bank has entered into a Deferred Prosecution Agreement with the United States Department of Justice and a Consent Order with the Securities and Exchange Commission (SE...

>> more articles

PICTURES

INDIAN DIAMOND INDUSTRY HONORS CHAIM EVEN-ZOHAR FOR LIFETIME CONTRIBUTIONS TO INTERNATIONAL DIAMOND INDUSTRY
Industry analyst Chaim Even-Zohar being awarded by the Indian industry for his lifetime contributions to the international diamond industry. From Left to Right: Former chairman of the ...

HARRY OPPENHEIMER AND SIR SERETSE KHAMA AT A MEETING IN GABORONE
This photo shows Harry Oppenheimer and Sir Seretse Khama at a meeting in Gaborone in 1968 to discuss the diamond mining project at Orapa

>> more articles