06 May 2016
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Diamond Intelligence Briefing – Issue 874: Special Report: Graft and Diamonds
Diamond Intelligence Briefing – Issue 874: Special Report: Graft and Diamonds
Our report on police corruption in the Antwerp diamond sector elicited enormous feedback. Many questions and observations were made regarding laws and regulations applicable to the seizure of diamonds. This issue of DIB addresses many of these questions and more.
Diamond Intelligence Briefing - Issue 873: Betrayal of Trust - Uncovering Police Corruption in the Belgium Diamond Secto
Diamond Intelligence Briefing - Issue 873: Betrayal of Trust - Uncovering Police Corruption in the Belgium Diamond Secto
Many diamantaires in Antwerp have lost their trust in those whose sole task it is to police the diamond sector. One sensed that there were corrupt elements in the diamond police. DIB reports on the ongoing investigation and recent arrest of a high-ranking Belgian police official.
Purchase From Mine to Mistress for the Reduced Price of $175!
Purchase From Mine to Mistress for the Reduced Price of $175!
Purchase From Mine to Mistress – Corporate Strategies and Government Policies in the International Diamond Industry. Click here to order your copy for just $175!
VIEWS
DIB 874: SPECIAL REPORT: GRAFT AND DIAMONDSDIB 874: SPECIAL REPORT: GRAFT AND DIAMONDS
Our report on police corruption in the Antwerp diamond sector which appeared in the previous issue of DIB, elicited enormous feedback. Many questions and observations were made. What ar...
DIB 870: “CVD LAB-GROWN DIAMONDS WITH GIA NATURAL DIAMOND CERTIFICATES”!DIB 870: “CVD LAB-GROWN DIAMONDS WITH GIA NATURAL DIAMOND CERTIFICATES”!
In this issue: Alibaba, the leading online internet platform for global wholesale trade, has been sending special Trade Alerts by email to millions of potential diamond buyers, offering...
DIB 869: U.S. RETAILERS UNDER ATTACK: WALKING THE FUZZY LINE BETWEEN CONSUMER PROTECTION AND EXTORTIONDIB 869: U.S. RETAILERS UNDER ATTACK: WALKING THE FUZZY LINE BETWEEN CONSUMER PROTECTION AND EXTORTION
Diamond-jewelry retailers have come forward publicly stating that they have become “victims of extortion by a lawyer with a criminal record.” Meanwhile, these lawyers portray themselves...
DIB 868: COURT CASE AGAINST IIA TECH: DE BEERS FINALLY TAKES OFF ITS GLOVESDIB 868: COURT CASE AGAINST IIA TECH: DE BEERS FINALLY TAKES OFF ITS GLOVES
The decision by De Beers’ wholly owned and controlled synthetic producer, Element Six, to file a patent infringement claim against the world’s largest producer of gem-quality man-made d...
DIB 866: Philippe Mellier: "We willl Bounce Back..."DIB 866: Philippe Mellier: "We willl Bounce Back..."
De Beers Group Chief Executive Philippe Mellier, in his presentation to Anglo American’s Investors Day, firmly asserts that the current pipeline challenges spring not from a consumer de...
DIB 865: DE BEERS DEFERS ITS OWN DEBSWANA ROUGH PURCHASES…DIB 865: DE BEERS DEFERS ITS OWN DEBSWANA ROUGH PURCHASES…
The DTC International, which is contractually obligated to purchase 100% of the Debswana production, has informed the Botswana government that it is not taking up its rough purchase ent...
DIB 864: VIOLATING THE 11TH COMMANDMENT: THOU SHALT NOT DISCOUNT…DIB 864: VIOLATING THE 11TH COMMANDMENT: THOU SHALT NOT DISCOUNT…
The impact of the changes being seen in the major producers’ rough supply policies may be far-reaching. This issue of DIB looks at the implications for the diamond business of the futur...
DIB 863: THE RIDDLE OF DE BEERS AND $5 BILLION OF ‘INVISIBLE’ PRODUCTION…DIB 863: THE RIDDLE OF DE BEERS AND $5 BILLION OF ‘INVISIBLE’ PRODUCTION…
The global production figures presented in De Beers’ Insight 2015 report differ significantly from the Kimberley Process Certification Scheme (KPCS) official figures. DIB takes a closer...
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NEWS
DE BEERS REPORTS TO SOCIETY: INVESTING IN LOCAL WORKFORCE
The De Beers Group of Companies has published its annual “Report to Society”, showing a 13 percent increase in its investments in social projects and skills training for the local workf...
BLUE NILE Q1 2016 RESULTS: NET SALES DOWN 3.2%
Online diamond and jewelry retailer Blue Nile, Inc. has announced its financial results for its first quarter ended April 3, 2016, reporting net sales for the quarter of US$103.1 millio...
CIBJO CONGRESS ANNOUNCED FOR 26-28 OCTOBER IN ARMENIA
CIBJO, the World Jewellery Confederation, has announced that it will hold its 2016 annual congress in Yerevan, Armenia, October 26-28, 2016, with pre-congress meetings on October 24 and...
PETRA DIAMOND PRODUCTION UP 26%
Petra Diamonds Limited (Petra) has issued an unaudited production and sales report for the third quarter of fiscal year 2016 (1 January 2016 to 31 March 2016), reporting production of 9...
INDIA’S FY2016 POLISHED DIAMOND EXPORTS DOWN 13.7%
India’s Gem & Jewellery Export Promotion Council (GJEPC) has released the Financial Year April 2015-March 2016 (FY2016) import and export data for gems and jewelry, reporting a signific...
WORLD DIAMOND CONGRESS TO ADDRESS INDUSTRY FINANCE CONCERNS
The 37th World Diamond Congress (WDC), scheduled to take place in Dubai from May 16-19, will be setting aside the morning of May 18th to focus on issues of liquidity in the diamond indu...
DE BEERS FORECASTS GROWTH IN U.S. DIAMOND JEWELRY DEMAND FOR 2016
The De Beers Group of Companies has published its report on diamond jewelry demand in 2015, and the forecasted outlook for 2016.
ANGLO PLANS SALE OF DE BEERS’ CHARTHOUSE STREET PREMISES
In an internal memo to De Beers staff, Anglo American Plc has reportedly informed them that they would be moving from the company’s long-time home at 17 Charterhouse Street building in ...
ALROSA PLANS TO OFFER DIAMOND FUTURES CONTRACTS ON MOSCOW EXCHANGE
Russian diamond mining company Alrosa is reportedly in talks with the Moscow Exchange with the aim of giving investors the opportunity to invest in futures contracts in diamonds.
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DIAMOND INTELLIGENCE BRIEFS
DIAMOND INTELLIGENCE BRIEFING - ISSUE 874DIAMOND INTELLIGENCE BRIEFING - ISSUE 874
In this issue: Special Report: Graft and Diamonds - Our report on police corruption in the Antwerp diamond sector which appeared in the previous issue of DIB, elicited enormous feedback...
DIAMOND INTELLIGENCE BRIEFING - ISSUE 873DIAMOND INTELLIGENCE BRIEFING - ISSUE 873
In this issue: Many diamantaires in Antwerp have lost their trust in those whose sole task it is to police the diamond sector. One sensed that there were corrupt elements in the diamond...
DIAMOND INTELLIGENCE BRIEFING - ISSUE 872DIAMOND INTELLIGENCE BRIEFING - ISSUE 872
In this issue: The 2015 Diamond Industry Pipeline.
DIAMOND INTELLIGENCE BRIEFING - ISSUE 871DIAMOND INTELLIGENCE BRIEFING - ISSUE 871
In this issue: DIB’s ongoing investigation into the International Trading Corporation (ITC), which offered CVD synthetic diamonds with natural diamond GIA grading reports on the Alibaba...
DIAMOND INTELLIGENCE BRIEFING - ISSUE 870DIAMOND INTELLIGENCE BRIEFING - ISSUE 870
In this issue: Alibaba, the leading online internet platform for global wholesale trade, has been sending special Trade Alerts by email to millions of potential diamond buyers, offering...
DIAMOND INTELLIGENCE BRIEFING - ISSUE 869DIAMOND INTELLIGENCE BRIEFING - ISSUE 869
In this issue: Diamond-jewelry retailers have come forward publicly stating that they have become “victims of extortion by a lawyer with a criminal record.” Meanwhile, these lawyers por...
DIAMOND INTELLIGENCE BRIEFING - ISSUE 868DIAMOND INTELLIGENCE BRIEFING - ISSUE 868
In this issue: The decision by De Beers’ wholly owned and controlled synthetic producer, Element Six, to file a patent infringement claim against the world’s largest producer of gem-qua...
DIAMOND INTELLIGENCE BRIEFING - ISSUE 867DIAMOND INTELLIGENCE BRIEFING - ISSUE 867
This issue of DIB looks at the decision by De Beers in 2000 to purchase the Snap Lake diamond project in Canada’s Northwest Territories. The mine has now been placed on “care and mainte...
DIAMOND INTELLIGENCE BRIEFING - ISSUE 866DIAMOND INTELLIGENCE BRIEFING - ISSUE 866
In this issue: De Beers Group Chief Executive Philippe Mellier, in his presentation to Anglo American’s Investors Day, firmly asserts that the current pipeline challenges spring not fro...
DIAMOND INTELLIGENCE BRIEFING - ISSUE 859DIAMOND INTELLIGENCE BRIEFING - ISSUE 859
In this issue: Will man-made diamonds increase the midstream bargaining leverage over rough suppliers? Is it a core objective of the newly created Diamond Producers Association (DPA) to...
DIAMOND INTELLIGENCE BRIEFING - ISSUE 858DIAMOND INTELLIGENCE BRIEFING - ISSUE 858
In this issue: In the fall of last year, Antwerp’s International Gemological Institute (IGI) encountered multiple submissions for grading reports of a number of large temporary color en...
DIAMOND INTELLIGENCE BRIEFING - ISSUE 857DIAMOND INTELLIGENCE BRIEFING - ISSUE 857
Inside this issue: Temporary Color Enhancement: A Potential Game Changer for Industry and Grading Labs
DIAMOND INTELLIGENCE BRIEFING - ISSUE 856
Inside this Issue: Botswana Beneficiation from a Marketing Agreement Perspective: Local Rough Supplies, A Promise Broken... A De Beers Response...
DIAMOND INTELLIGENCE BRIEFING - ISSUE 855DIAMOND INTELLIGENCE BRIEFING - ISSUE 855
In this issue: The 2014 Diamond Industry Pipeline.
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TACY RESEARCH
TACY'S 2012 DIAMOND PIPELINE: A YEAR OF VOLATILITY, LOSSES AND UNCERTAINTIESTACY'S 2012 DIAMOND PIPELINE: A YEAR OF VOLATILITY, LOSSES AND UNCERTAINTIES
In DIB 753, Chaim Even-Zohar presents Tacy's 2012 Diamond Pipeline, which analyzes a year of volatility, losses and uncertainties. According to Even-Zohar, the market contraction and th...
TACY'S 2010 DIAMOND PIPELINE: YEAR OF REPLENISHMENT, SPECULATION AND RECYCLINGTACY'S 2010 DIAMOND PIPELINE: YEAR OF REPLENISHMENT, SPECULATION AND RECYCLING
In DIB 654 Chaim Even-Zohar presents the 2010 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'S 2011 DIAMOND PIPELINE: CHASING PAPER PROFITS; RECYCLED DIAMONDS INTEGRAL PART OF SUPPLY CHAIN
In DIB 700, Chaim Even-Zohar presents Tacy's 2011 Diamond Pipeline.
TACY LTD.'S 2009 DIAMOND PIPELINE - YEAR OF PIPELINE DESTOCKING AND RESTRUCTURINGTACY 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 RECESSION2008 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 EFFECTEMBRACE 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...
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RESOURCE LIBRARY
GIA LIST OF INVALIDATED REPORTS INCL. SUBMITTING CLIENT ACCOUNTS
ALROSA PUBLISHES GUIDELINES ON RESPONSIBLE BUSINESS PRACTICESALROSA PUBLISHES GUIDELINES ON RESPONSIBLE BUSINESS PRACTICES
Alrosa's executive committee recently adopted the Alrosa Alliance Guidelines, which forms an integral part of the Alrosa Alliance Logo license agreement and calls on its long-term rough...
PEW RESEARCH CENTER REPORT ON MILLENIALS: A PORTRAIT OF GENERATION NEXTPEW RESEARCH CENTER REPORT ON MILLENIALS: A PORTRAIT OF GENERATION NEXT
The Pew Research Center report, which is discussed in Chaim Even-Zohar's editorial in DIB 788 about a growing trend among Millenial consumers toward purchasing synthetic diamonds, desri...
ALROSA RELEASES RESULTS FOR FY 2012ALROSA RELEASES RESULTS FOR FY 2012
Alrosa releases its investor presentation for the FY 2012, which includes the year's production and financial highights.
OECD DUE DILIGENCE GUIDANCE FOR RESPONSIBLE SUPPLY CHAINS OF MINERALS FROM CONFLICT-AFFECTED AND HIGH-RISK AREASOECD DUE DILIGENCE GUIDANCE FOR RESPONSIBLE SUPPLY CHAINS OF MINERALS FROM CONFLICT-AFFECTED AND HIGH-RISK AREAS
The handbook aims to promote a collaborative government-backed, multi-stakeholder approach to responsible supply chain management of minerals from conflict-affacted areas.
DIAMOND SOURCE WARRANTY PROTOCOL
The new Diamond Source Warranty Protocol, launched by the Jewelers of America (JA), the Diamond Manufacturers & Importers Association of America (DMIA), the Jewelers Vigilance Committe...
RJC COMMENTS ON FINAL RULE FOR DODD-FRANK SECTION 1502
The release by the US Security and Exchange Commission (SEC) of the final rule implementing Section 1502 on Conflict Minerals in the Dodd-Frank Wall Street Reform and Consumer Protectio...
DIAVIK MINE ISSUES 2012 MID-YEAR SOCIO-ECONOMIC REPORT
Rio Tinto's wholly owned Diavik Diamond Mines Inc., operator of the Diavik diamond mine in Canada's Northwest Territories, has released its 2012 mid-year socio-economic monitoring repor...
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LEGAL
U.S. DISTRICT JUDGE'S MOTION TO DISMISS LKI'S RICO COMPLAINT AGAINST ADB SEPEMBER 5, 2012U.S. DISTRICT JUDGE'S MOTION TO DISMISS LKI'S RICO COMPLAINT AGAINST ADB SEPEMBER 5, 2012
Attached is the reasoning of U.S. Disctirct Judge Andrew Carter's motion on September 5, 2012, to dismiss the RICO suit brought by LKI against ADB.
U.S. SENATE REPORT ON 'U.S. VULNERABILITIES TO MONEY LAUNDERING, DRUGS, AND TERRORIST FINANCING: HSBC CASE HISTORY'U.S. SENATE REPORT ON 'U.S. VULNERABILITIES TO MONEY LAUNDERING, DRUGS, AND TERRORIST FINANCING: HSBC CASE HISTORY'
A report by the U.S. Senate's Permanent Subcommittee on Investigations titled U.S. Vulnerabilities to Money Laundering, Drugs, and Terrorist Financing: HSBC Case History.
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 RECOMMENDATIONSFATF 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...
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FINANCE
BANK OF BOTSWANA TO LEAVE BANK RATE UNCHANGED AT 10%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 EVASIONDIAMANTAIRES 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...
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PICTURES
INDIAN DIAMOND INDUSTRY HONORS CHAIM EVEN-ZOHAR FOR LIFETIME CONTRIBUTIONS TO INTERNATIONAL DIAMOND INDUSTRYINDIAN 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 GABORONEHARRY 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
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