21 April 2015
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IMPORTANT NOTICE
IMPORTANT NOTICE
After more than three decades of continuous DIB publication with little change to the overall format, except for some minor graphics changes and refreshing the news categories, we felt that there was a need to take a fresh look at what our readers really needed from us.
Over the past few months we
Diamond Intelligence Briefing - Issue 854: ABN AMRO’s Indian Exit: IndusInd Bank Catapults into $1 Billion Exposure
Diamond Intelligence Briefing - Issue 854: ABN AMRO’s Indian Exit: IndusInd Bank Catapults into $1 Billion Exposure
The latest issue of the exclusive Diamond Intelligence Briefing analyzes the recent ABN AMRO announcement that its diamond division is leaving India. Chaim Even-Zohar details the sale to IndusInd Bank.
Purchase From Mine to Mistress for the Reduced Price of $175!
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
ABN AMRO’S INDIAN EXIT: INDUSIND BANK CATAPULTS INTO $1 BILLION EXPOSURE
For years, there has been growing speculation that ABN AMRO would exit the diamond-financing sector. This conjecture was not just because of sizable write-offs that were triggered by a ...
TAXING THE ANTWERP DIAMOND INDUSTRY INTO PROSPERITY...
The phone went silent. I had just outlined the underlying principles of the new turnover tax contemplated for Antwerp's diamond sector to an Indian friend in Dubai - it made him speech...
THE SYNTHETIC IMBROGLIO OF IVANKA TRUMP'S DIAMOND JEWELRY
Researching the gem-quality synthetic-diamond pipeline a few years ago, this journalist flagged celebrated high-end Ivanka Trump fine jewelry brand as a "problem area."
PACKAGING OLD LEAKS -- HSBC UNPLUGGED AGAIN...
Imagine it must have been quite a thrill for the International Consortium of Investigative Journalists (ICIJ), the knights in shining armor, when they were all sitting behind their comp...
EGL VERSUS EGL: THE HIJACKING OF THE ISRAELI LAB...
At any given time, one may find partners who share ownership of privately held gemological laboratories conducting bitter warfare (and often legal battles) against one another. As long ...
SYNTHETIC DIAMOND PRODUCER CREATES TRADE REPRESENTATIVE BODY; PROHIBITS THE USE OF THE 'S'-WORD
Hallelujah! The gem-quality synthetic diamond producers have finally acted in unison by creating a strong joint voice on the challenging issues they face. Or so it seems...
ECONOMICS 101: A COURSE ON ADDED VALUE
The president of the International Diamond Manufacturers Association (IDMA), Maxim Shkadov, is clearly in pain. Recognizing that the supply of polished diamonds is far exceeding demand,...
TAKING ONE'S BANKER TO COURT
There are many characteristic and recurring ways in which bankers or their clients can lose money in the diamond-financing business. The most frequent losses incurred by diamond-financi...
FALSE ABN AMRO WITHDRAWAL SCARE IN INDIA
n the current negative market mood, with polished prices plunging down and manufacturing margins falling close to zero, the industry reacts nervously to any further indication of reduce...
DIAMOND MIRACLES FROM THE HOLY LAND
With all due respect to the Kimberley Process (KP) and the Israel Diamond Controller, who supervises the diamond sector on behalf of government, I long ago lost some faith in official d...
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NEWS
PETRA’S Q3 FY2015 PRODUCTION AND SALES REPORT
Petra Diamonds Limited has announced its unaudited trading update for the period January 1st through March 31st 2015 (Q3 FY2015), with the main highlights including a 6 percent rise in ...
LUCAPA RECOVERS 63-CARAT DIAMOND AT LULO
A large Type IIa diamond weighing 63.05 carats has been recovered from the Lucapa-operated Lulo Diamond Concession in Angola’s Lunda Norte.
BOTSWANA’S DIAMOND MANUFACTURING WORKERS ‘FACE BLEAK FUTURE’
Botswana Diamond Workers Union (BDWU) Chairman Modiri Keseabetswe has said that the diamond polishing and cutting workers in Botswana are facing a bleak future, according to a news repo...
ON-SITE DIAMOND LAB AT DUBAI’S VICENZAORO
The International Gemological Institute DMCC (IGI), an independent gem certification and appraisal institute for diamonds, colored gemstones and jewelry, will host an on-site diamond la...
ANTWERP DIAMANTAIRE ARRESTED ON CHARGES OF ORGANIZED CRIME AND MONEY LAUNDERING – SUSPECTED LINKS TO ARMS TRAFFICKING
An Antwerp diamantaire, described by one news source as “a former pillar of Belgium’s diamond trading community”, was, according to the Gazet Van Antwerpen, arrested on March 4th in Mon...
MODULAR TAILINGS PLANT PLANNED FOR DEBSWANA’S LETLHAKANE MINE SITE
Debswana’s Letlhakane Mine will cease mining operations at the mine towards the end of 2016, according a report in Star Africa, as the life of the open pit mine comes to an end.
AWDC INVITES DIAMANTAIRES TO PARTICIPATE IN SECURITY AWARENESS SESSIONS
As part of the Antwerp World Diamond Center Security Office’s (AWDC-SO) efforts to bolster the security of the Antwerp diamond community, several “Security Awareness” sessions have been...
BOTSWANA DIAMONDS AWARDED THREE NEW PROSPECTING LICENCES
Botswana Diamonds has announced that the Botswana Government has awarded three Prospecting Licences (PL135/2015, PL136/2015 and PL137/2015) to Sunland Minerals, the exploration joint ve...
IIA TECHNOLOGIES OPENS DIAMOND PRODUCTION FACILITY IN SINGAPORE
Referring to the new synthetic diamond production facility as a “diamond greenhouse”, IIa Technologies (IIa Tech) CEO Vishal Mehta, speaking at the opening of the company’s facility in ...
DOMINION ‘PREFERRED PURCHASERS’ FOR ROUGH
Dominion Diamond Corporation seeks to maximize the sales value of its rough stones from the Diavik and Ekati Diamond Mines and maintain a preferred position as a supplier of rough diamo...
LVMH 2015 Q1 REPORT
LVMH Mo?t Hennessy Louis Vuitton, has released its 2015 Q1 financial results, which show a 16 percent increase in Q1 2015 revenue to 8.3 billion Euros (US$8.77 billion), 12 percent high...
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DIAMOND INTELLIGENCE BRIEFS
DIAMOND INTELLIGENCE BRIEFING - ISSUE 854DIAMOND INTELLIGENCE BRIEFING - ISSUE 854
Inside this issue of the Diamond Intelligence Briefing: ABN AMRO’s Indian Exit: IndusInd Bank Catapults into $1 Billion Exposure; Moving Towards Localized Financing in Largest Cutting C...
DIAMOND INTELLIGENCE BRIEFING - ISSUE 853DIAMOND INTELLIGENCE BRIEFING - ISSUE 853
Inside this issue of the exclusive Diamond Intelligence Briefing: Taxing the Antwerp Diamond Industry into Prosperity...
DIAMOND INTELLIGENCE BRIEFING - ISSUE 852DIAMOND INTELLIGENCE BRIEFING - ISSUE 852
Inside this issue of the exclusive Diamond Intelligence Briefing: The Synthetic Imbroglio of Ivanka Trump's Diamond Jewelry...
DIAMOND INTELLIGENCE BRIEFS - ISSUE 851DIAMOND INTELLIGENCE BRIEFS - ISSUE 851
Inside this Issue: Packaging Old Leaks, HSBC Unplugged Again...De Beers' International Institute on Diamond Grading & Research Heads to India...Foundation Stone Laid at Surat Diamond Bo...
DIAMOND INTELLIGENCE BRIEFS - ISSUE 850DIAMOND INTELLIGENCE BRIEFS - ISSUE 850
Inside this issue: EGL Versus EGL: The Hijacking of the Israeli Lab…International Diamond Week Commences in Ramat Gan...Skilled Indian DIamond Polishers to Be Trained to Work...Alrosa a...
DIAMOND INTELLIGENCE BRIEFS - ISSUE 849DIAMOND INTELLIGENCE BRIEFS - ISSUE 849
Antwerp's Diamond Trade Grows 7% by Value in 2014...AWDC Questions Antwerp Police Annual Report...De Beers' Diamond Production Drops 8% in Q4...Alrosa's 2014 Output Reaches 36.21 Millio...
DIAMOND INTELLIGENCE BRIEFS - ISSUE 848DIAMOND INTELLIGENCE BRIEFS - ISSUE 848
Inside this Issue: Petra Diamonds Reports 2% Decline in H1 Production...Lucapa Commences Alluvial Diamond Mining at Lulo's Block 29...Gem Diamonds' Q4 'Encouraging End to Postive Year'....
DIAMOND INTELLIGENCE BRIEFS - ISSUE 847DIAMOND INTELLIGENCE BRIEFS - ISSUE 847
Inside this Issue: Taking One's Banker to Court... International Diamond Week Expects More than 500 Buyers...Namibia Exporting Power to South Africa...New Minister Tells Marange Diamond...
DIAMOND INTELLIGENCE BRIEFS - ISSUE 846DIAMOND INTELLIGENCE BRIEFS - ISSUE 846
Inside this issue: False ABN AMRO Withdrawal Scare in India...Rio Tinto Chief Presses Indian PM for Bunder Project Approvals...South African Youth to Learn Diamond Polishing in Surat......
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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
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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