21 October 2014
Home Page About Us Services Publications Links Forum
VIEWS
TACY'S MEMO
Opinion
Analysis
NEWS
Mining & Exploration
Rough Trade
Polished Wholesale & Manufacturing
Retail
Governmental
Labs & Trade and Industry Bodies
Branding & Marketing
Legal
Financial
Diamond Pipeline
Statistics
ARCHIVE NEWS - PRE 2008
People
Regional Issues
Created Diamonds
Civil Society
Ethics
Development Issues
Conflict Diamonds
Auctions
Kimberley Process
DIAMOND INTELLIGENCE BRIEFS
Diamond Intelligence Briefs 2014
Diamond Intelligence Briefs 2013
Diamond Intelligence Briefs 2012
Diamond Intelligence Briefs 2011
Diamond Intelligence Briefs 2010
Diamond Intelligence Briefs 2009
Diamond Intelligence Briefs 2008
Diamond Intelligence Briefs 2007
Diamond Intelligence Briefs 2006
Diamond Intelligence Briefs 2005
Diamond Intelligence Briefs 2004
Diamond Intelligence Briefs 2003
Diamond Intelligence Briefs 2002
Diamond Intelligence Briefs 2001
Diamond Intelligence Briefs 2000
Diamond Intelligence Briefs 1999
Diamond Intelligence Briefs 1998
Diamond Intelligence Briefs 1997
Diamond Intelligence Briefs 1996
Diamond lntelligence Briefs 1995
Diamond lntelligence Briefs 1994
Diamond lntelligence Briefs 1990
Diamond lntelligence Briefs 1989
Diamond lntelligence Briefs 1988
Diamond lntelligence Briefs 1987
Diamond lntelligence Briefs 1986
Diamond Intelligence Briefs 1985
Diamond Intelligence Briefs 1984
TACY RESEARCH
Tacy's Reports
Tacy's Research
Tacy's Presentations
RESOURCE LIBRARY
Company Reports
Kimberley Process
NGO Reports
Government Reports
Conflict Diamonds
Producer Marketing Documentation
Trade Organization Guidance
Supplier of Choice
LEGAL
Laws and Regulations
Court Documents
Anti-Money Laundering
Best Practice Principles
Compliance
Competition
Banking
FINANCE
Basel II
Compliance
Decisions
PICTURES
Botswana
De Beers Archive Pictures
Conference Photos
India
Zimbabwe
SITE MAP
MY ARTICLES
created by CyberServe
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 831: Threats and More Threats: Empathy with Robert L.
DIB 831: Threats and More Threats: Empathy with Robert L.
DIB 831 reflects on the legal consequences trade journalists may face when industry players are unhappy with certain news being published that reveals controversial issues. Chaim Even-Zohar reflects on how hard journalists must work to avoid being pressured or even penalized for just doing their job
VIEWS
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...
BOTSWANA: THE NEW SWING PRODUCER - REFLECTIONS ON IMF DIAMOND PRODUCTION POLICIES
When the experts of the International Monetary Fund (IMF) issue in-depth reports on a specific country, the governments involved generally listen - especially in developing countries in...
ALROSA 2014 AND BEYOND: A JOURNALIST'S LOOK AT AN ANALYST'S NOTES
A trade journalist visiting diamond mines may look for different aspects, angles and noteworthy features than a professional analyst who squarely focuses on what is relevant to investor...
>> more articles
NEWS
NORTH ARROW BEGINS PROCESSING OF QILALUGAQ BULK SAMPLE
North Arrow Minerals Inc. reports that a majority of the 1,500-tonne Qilalugaq Project bulk sample has been received by the processing laboratory in Thunder Bay, Ontario, and that proce...
KENNADY DIAMONDS INCREASES KELVIN - FARADAY TONNAGE ESTIMATE
Following the success of the ongoing Kelvin drill program at Kennady Diamonds Inc's Kennady Diamond Project in Canada, it has increased its tonnage guidance for the Kelvin - Faraday kim...
DOMINION DIAMOND CORP INCREASES INTEREST IN EKATI DIAMOND MINE
Dominion Diamond Corporation has completed the previously announced acquisition of the interests of C. Fipke Holdings Ltd. (FipkeCo) in the Ekati Diamond Mine in Canada's Northwest Terr...
SECOND ZIMBABWE DIAMOND CONFERENCE PANEL DISCUSSIONS TO FOCUS ON DOMESTIC AND REGIONAL DIAMOND ISSUES
The Second Zimbabwe Diamond Conference, to be held November 6-7 in Harare, will feature three panel discussions featuring different aspects of the challenges facing the Zimbabwean diamo...
NOUVEAU MONDE INDENTIFIES KIMBERLITE EXPLORATION TARGETS ON QUEBEC PROJECT
Quebec-focused mining exploration company Nouveau Monde Mining Enterprises Inc. has identified several kimberlite exploration targets on its Waasikusuu Property in Quebec following the ...
SIGNET JEWELERS NAMES MARK LIGHT AS NEW CEO
Signet Jewelers Limited the largest specialty jewelry retailer in the US, UK and Canada, has announced that Michael Barnes has resigned from his position as Chief Executive Officer and ...
ROCKWELL DIAMONDS RECORDS 71% REVENUE GROWTH IN Q2
Rockwell Diamonds Inc. has recorded a 36 percent increase in total carat production at its properties in South Africa to 9,581 carats for the second quarter, ended August 31, 2014. Car...
GJEPC REFUTES MEDIA REPORTS OF INDIAN DIAMANTAIRES SELLING AT DISCOUNTS
Following media reports stating that Indian diamantaires were offering discounts of 5-20 percent on polished diamond sales in an effort to offload inventories in the face of growing liq...
SOTHEBY'S SELLS RECORD-BREAKING PINK DIAMOND FOR $18M
Sotheby's achieved a new world record for a fancy vivid pink diamond at its Hong Kong auction last week with the $17.7 million sale of an internally flawless fancy vivid purple-pink 8.4...
>> more articles
DIAMOND INTELLIGENCE BRIEFS
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...
DIAMOND INTELLIGENCE BRIEFS - ISSUE 826DIAMOND INTELLIGENCE BRIEFS - ISSUE 826
Inside this Issue: De Beers: Roughly Transparent...Lesotho Instability Not Impacting Country's Diamond Miners...Ebola Outbreak Hinders Sierra Leone Diamond Trade...Anglo American Chief ...
>> more articles
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...
>> more articles
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...
>> more articles
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...
>> more articles
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...
>> more articles
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
>> more articles