31 July 2014
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Tacy's 2013 Diamond Pipeline: Lackluster with Few Sparkles
DIB 809 presents Tacy's 2013 Diamond Pipeline. Chaim Even-Zohar analyzes the diamond value chain of 2013, including its production levels, inventories, pricing, and financing, as well as the challenges it faced last year, such as with equity, recycling and synthetics.
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!
DIB 821: Supplier of Choice Becomes the Supplier's Choice: De Beers Aims at Diversifying Customer Range
DIB 821 takes a close look at the new De Beers rough supply contract requirements. Chaim Even-Zohar explains and analyzes what the new complaince rules and eligibility benchmarks mean for current and potential De Beers sightholders.
SUPPLIER OF CHOICE BECOMES THE SUPPLIER'S CHOICE: DE BEERS AIMS AT DIVERSIFYING CUSTOMER RANGE
This month, exactly 14 years ago, De Beers unveiled a package of measures called "Supplier of Choice" (SOC) that, and I quote then-Chairman Nicky Oppenheimer, "is set to grow demand for...
DIAMOND 'JUSTICE' BELGIUM-STYLE: TRIAL BY PROSECUTOR LEAKS
The incredible Kafkaesque "mistaken identity story" in which some five Belgian newspapers simultaneously reported on the arrest of Rosy Blue's Baron Dilip Mehta in Dubai is turning into...
SHADOW OF MAMMOTH SANCTIONS PENALTY HANGS OVER BANKERS AND ZIMBABWE DIAMOND TENDERS
The guilty plea to criminal charges by France's largest bank, BNP Paribas Bank, for violating U.S. sanctions against Iran, Sudan and Cuba, along with a mind-boggling monetary penalty of...
TYPE II CRIMINALS: TURNING '50 SHADES OF BROWN' INTO ‘VIRGIN WHITES'
The greatest menace in the diamond industry - today and tomorrow - comes from the nasty breed of people defined as Type II Criminals, who abuse gem-quality synthetic or natural diamonds...
ROLLING WITH ROWLEY: MUSING ON DE BEERS' ‘SECRET' STOCKPILE
Press conferences with what used to be called the CEO of the DTC (now renamed Global Sightholder Sales) historically used to be well-orchestrated, not-overly exciting and quite predicta...
EGL SYNTHETIC DISCOVERY TRIGGERS ETHICAL AND LEGAL QUAGMIRE
It started out with a television program in Nashville, Tennessee, which claimed that Israel-based EGL International gemological laboratories had lower grading standards than its competi...
DEMYSTIFIYING THE DUBAI 'TRANSFER PRICING ENIGMA'
At this week's Kimberley Process (KP) Intercessional Meeting in Shanghai, the civil society coalition called on the KP member governments to "create a special taskforce to investigate t...
DIAMOND DANGERS IN CYBERSPACE
Perhaps my personal fixation with the missing Malaysia Airlines flight is idiosyncratic, but as someone who spends so much time on airplanes, I remain intrigued by the various - even th...
TRAVEL TIPS FROM THE LONDON DIAMOND BOURSE PRESIDENT
When Harry Levy, President of the London Diamond Bourse, registered for this month's CIBJO Congress in Moscow, the only controversy he had expected to face involved industry discussion ...
ZIMBABWE BANS ROUGH DIAMOND EXPORTS; SEEKS TO GROW LOCAL VALUE ADDITION
Zimbabwe's Cabinet has directed Mines and Mining Development Minister Walter Chidakwa to immediately stop exporting its rough diamonds in an effort to implement local value addition of ...
ANGLO AMERICAN: DE BEERS' ROUGH DIAMOND SALES GROW 15% IN H1
De Beers' underlying operating profit for the six months ended June 30, 2014, totaled US$765 million, up 34 percent compared to the first six months of 2013. The increase was primarily ...
KENNADY DIAMONDS' SUMMER DRILL PROGRAM INTERSECTS 183 METERS OF KIMBERLITE
Kennady Diamonds Inc. reports that 183 meters of kimberlite have been intersected in the Kelvin delineation drill hole at the company's 100 percent controlled Kennady North diamond proj...
PEREGRINE FILES TECHNICAL REPORT FOR LAC DE GRAS PROJECT AND DO-27 KIMBERLITE
Peregrine Diamonds Ltd. has filed a Canadian National Instrument (NI) 43-101 technical report entitled "Lac de Gras Project Northwest Territories Canada NI-43-101 Technical Report" for ...
MALCA-AMIT OFFERS OVERNIGHT DELIVERY BETWEEN ANTWERP AND DUBAI
Malca-Amit has launched a new overnight service between Antwerp and Dubai. For the first time, the newly opened route enables companies to send diamonds, jewelry and precious assets fro...
BRAZIL MINERALS EXPANDS OPERATIONAL TEAM IN BRAZIL
Diversified gold and diamond miner Brazil Minerals, Inc. (BMIX) has expanded its management team in Brazil to accommodate BMIX's growth in operations.
DE BEERS UPDATES MODEL FOR ROUGH DIAMOND ALLOCATIONS
This week, De Beers announced its updated model for the allocation of rough diamonds by its Global Sightholder Sales (GSS) unit, which sells around 90 percent by value of De Beers' roug...
DOMINION ISSUES UPDATED MINE PLAN FOR EKATI
Dominion Diamond Corporation reports that material found at the Ekati diamond mine's Misery satellite pipe that was previously identified as an exploration target has now been promoted ...
TRANS HEX DISPOSES OF INTEREST IN MIDDLE ORANGE RIVER SUBSIDIARY
South African diamond miner Trans Hex has disinvested from its wholly owned subsidiary in South Africa's Northern Cape Province, Pioneer Minerals Proprietary Limited, for a cash conside...
DIAMOND INTELLIGENCE BRIEFS
DIAMOND INTELLIGENCE BRIEFS - ISSUE 221
Inside this issue: Supplier of Choice Becomes the Supplier's Choice: De Beers Aims at Widening Customer Range...De Beers Updates Model for Rough Diamond Sales Allocations...Mining Royal...
DIAMOND INTELLIGENCE BRIEFS - ISSUE 820
Inside this Issue: Diamond "Justice" Belgium-Style...Dubai Diamond Exchange Bestows Honorary Membership on Chaim Even-Zohar...Belgium's June Polished Exports Fall 13% in Volume...Israel...
DIAMOND INTELLIGENCE BRIEFS - ISSUE 819
Inside this issue: Shadow of Mammoth Sanction Penalty Hangs over Bankers and Zimbabwe Diamond Tenders...Blegium's May Polished Exports Fall 13% in Volume, 1% in Value...Armenia to Recei...
DIAMOND INTELLIGENCE BRIEFS - ISSUE 818
Inside this Issue: Type II Criminals: Turning '50 Shades of Brown' into 'Virgin Whites'...India's Bankers, Industry Address Diamond-Financing Issues...UAE Recognized for AML Adherence.....
DIAMOND INTELLIGENCE BRIEFS - ISSUE 817
Inside this Issue: Rolling with Rowley: Musing on De Beers' 'Secret' Stockpile...De Beers to Simplify Sightholder Application Requirements for New Contract Period - Will Require Greater...
DIAMOND INTELLIGENCE BRIEFS - ISSUE 816
Inside this Issue: EGL Synthetic Discovery Triggers Ethical and Legal Quagmire....Zimbabwe's Marange Consolidation Stalled...Liberia Appeals to KP for Initiative to Help Locals Retain D...
DIAMOND INTELLIGENCE BRIEFS - IISUE 815
Inside this Issue: Demystifying the Dubai 'Transfer Pricing' Enigma...WDC President Edward Asscher Addresses the KP Intersessional...India's NDMC Finds Amount of Undisclosed Synthetics ...
TACY'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 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 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...
ALROSA 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 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 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 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...
U.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'
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 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...
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...
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