01 November 2014
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Tacy's 2013 Diamond Pipeline: Lackluster with Few Sparkles
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!
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 834: Ebola and Its Impact on Diamond People
DIB 834: Ebola and Its Impact on Diamond People
DIB 834 discusses how the Ebola outbreak is affecting diamond countries of West Africa. Chaim Even-Zohar takes a look at diamond operations in Sierra Leone and Liberia and asks what the industry as a whole can do.
VIEWS
CHINA HIT BY EBOLA 'AVERSON BEHAVIOR': DELEGATIONS FROM VIRUS-IMPACTED NATIONS NOT INVITED TO CHINA KPCS PLENARY
The Ebola "aversion behavior" has clearly hit China. In an unprecedented move, the People's Republic of China, which, as 2014 KPCS Chair, hosts the forthcoming KP Plenary in China, has ...
EBOLA AND ITS IMPACT ON DIAMOND PEOPLE
It is not likely that anyone in the former "conflict diamond" nations in Africa was aware that eight prominent diamond-industry associations issued a "yellow card" to new World Diamond ...
IIA TECHNOLOGIES: THE MURKY PATH TO 'UNLOCKING NATURE'
The last thing I want to do is promote synthetic diamond czar Jatin Mehta's synthetic diamond operations, IIa Technologies in Singapore, or his Pure Grown Diamonds (formerly Gemesis) op...
CAPITAL PUNISHMENT: INCOME TAX IN INDIA
I cannot remember who once told me that income tax is a benign form of "capital punishment," but it sounds friendlier than the old clich? that the only things guaranteed in life are dea...
THREATS AND MORE THREATS: EMPATHY WITH ROBERT L.
This is the time of the year for reflection, introspections, setting accounts with oneself and with one's own conscience.
KBC’S SECOND BAILOUT: THE HOMECOMING OF ANTWERP DIAMOND BANK
The official announcement of the closing of the Antwerp Diamond Bank (ADB) last month shouldn’t have come as a surprise to anyone. ADB’s mother company, KBC, made tremendous “noise” las...
OUTSOURCING TRUST: WHO WILL CERTIFY THE CERTIFIER?
The diamond pipeline's midstream has experienced tough times over the last few years, with shrinking margins and competitive pricing. Diamond certification, however, continues to be the...
UNDISCLOSED SYNTHETIC DIAMONDS 'SHIFT' TO FINISHED SET JEWELRY
Let's start with a riddle. Look carefully at these beautiful diamond bracelets containing 20 to 30 pointers [which are pictured in DIB 828]. Each bangle contains a total weight of aroun...
DE BEERS: ROUGHLY TRANSPARENT...
De Beers still remains the largest rough diamond producer by value. Within the industry, it certainly remains the “dominant” producer and is very much considered the price-setter (or, i...
DE BEERS DIAMOND JEWELLERS: LOSSES ARE FOREVER?
To be nice to De Beers, I politely put a question mark in this editorial's title after the words "losses are forever." However, my gut feeling says that it should have been an exclamati...
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NEWS
TRANS HEX: NAMAQUALAND ACQUISITION FROM DBCM COMPLETE
South African diamond miner Trans Hex reports that its acquisition of Namaqualand Mines from De Beers Consolidated Mines Proprietary Limited (DBCM) was completed on October 28.
GLOBAL WITNESS: NEW CHINESE GUIDELINES ADDRESS SUPPLY-CHAIN DUE DILIGENCE
The Chinese government-affiliated Chinese Chamber of Commerce for Minerals, Metals and Chemicals Importers and Exporters (CCCMC) published guidelines this month for its mining and miner...
RIO TINTO'S ARYLGE PINK DIAMONDS TENDER ACHIEVES RECORD NUMBER OF BIDDERS AND PRICE PER CARAT
Rio Tinto reports that results from its 2014 Argyle Pink Diamonds Tender indicate that overall prices for Argyle's signature pink diamonds have more than tripled since the year 2000.
SCIO DIAMOND TECHNOLOGY CORP AND RENAISSANCE DIAMONDS INC LAUNCH JV TO DELIVER FANCY-COLORED DIAMONDS
Laboratory-grown diamond producers Scio Diamond Technology Corporation and Renaissance Diamonds Inc. have signed a Memorandum of Understanding for a joint venture to develop and deliver...
WFDB AND SEVEN OTHER DIAMOND INDUSTRY UMBRELLA ORGANIZATIONS CANCEL PARTICIPATION IN WORLD DIAMOND COUNCIL ANNUAL GENERAL MEETING
The World Federation of Diamond Bourses (WFDB), together with seven other, major diamond industry umbrella organizations, announced today regretfully that they are withdrawing its parti...
CHOW TAI FOOK TO UNVEIL THE 104-CARAT 'CULLINAN HERITAGE 1'
Chow Tai Fook Jewellery Group Limited will unveil next month a 104-carat diamond that has been cut from the 507.55-carat Cullinan Heritage, which it acquired from Petra Diamonds for US$...
PETRA DIAMONDS RECORDS 55% GROWTH IN Q1 REVENUE
Petra Diamonds Ltd produced 833,744 carats during the first quarter of fiscal 2015, ended September 30, 2014, a year-over-year increase of 2 percent, signifying what Petra describes as ...
DE BEERS' PHILIPPE MELLIER TO ADDRESS WDC'S 2014 ANNUAL MEETING
As members of the World Diamond Council assemble in Antwerp later this week for the organization's 2014 Annual General Meeting, De Beers CEO Philippe Mellier will address a special all-...
WORLD DIAMOND COUNCIL NAMES PATRICIA SYVRUD AS EXECUTIVE DIRECTOR
The World Diamond Council (WDC) has named Patricia Syvrud, founder and president of Joia Consulting, LLC, as its first Executive Director, effective October 31, 2014.
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DIAMOND INTELLIGENCE BRIEFS
DIAMOND INTELLIGENCE BRIEFS - ISSUE 834 AND 835
Inside this Issue: Ebola and its Impact on Diamond People...Zimbabwe Diamond Conferece to Feature South African mining Minister among Keynote Speakers....Global Witness: New Chinese Gui...
DIAMOND INTELLIGENCE BRIEFS - ISSUE 833DIAMOND INTELLIGENCE BRIEFS - ISSUE 833
Inside this Issue: IIa Technologies: The Murky Path to Unlocking Nature...Second Zimbabwe Conference to Focus on Industry Challenges in Panel Discussions...Zimbabwe Govt Demands Diamond...
DIAMOND INTELLIGENCE BRIEFS - ISSUE 832DIAMOND INTELLIGENCE BRIEFS - ISSUE 832
Inside this Issue: GJEPC Delegation Apprises Gujarat Finance Minister of Pertinent Industry Issues...GJEPC Refutes Media Reports of Indian Diamantaires Selling at Discounts...Belgium's ...
DIAMOND INTELLIGENCE BRIEFS - ISSUE 831DIAMOND INTELLIGENCE BRIEFS - ISSUE 831
Inside this Issue: Threats and More Threats: Empathy with Robert L... AWDC Responds to Antwerp Prosecutor's 'Miscommunication' on Drug Money-Laundering Case...Indian Diamantaires Offer...
DIAMOND INTELLIGENCE BRIEFS - ISSUE 830DIAMOND INTELLIGENCE BRIEFS - ISSUE 830
Inside this Issue: KBC’s Second Bailout: The Homecoming of Antwerp Diamond Bank...AWDC Outlines Phases of ADB Closure; Assures Antwerp Industr Clients of Safeguards...Zimbabwe to Publis...
DIAMOND INTELLIGENCE BRIEFS - ISSUE 829DIAMOND INTELLIGENCE BRIEFS - ISSUE 829
Inside this Issue: Outsourcing Trust: Who will Certify the Certifier?...KBC Announces Long-Expected Decision to Close Antwerp Diamond Bank...AWDC Investigating 'Potential Solutuion' to ...
DIAMOND INTELLIGENCE BRIEFS - ISSUE 828DIAMOND INTELLIGENCE BRIEFS - ISSUE 828
Inside this Issue: Comments from Zim VP May Spur Friction with India over Diamond Exports...Israeli Diamantaires to Network with Texas Jewelers at First Texas-Israel Diamond Show...Zimb...
DIAMOND INTELLIGENCE BRIEFS - ISSUE 827DIAMOND INTELLIGENCE BRIEFS - ISSUE 827
The editorial (first three pages of this issue) is not available on the internet. Inside the rest of this issue: SADC Execs to Tour ZDTC to Explore Options for Regional Cooperation...No...
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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...
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...
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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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