24 May 2013
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Tacy's 2011 Diamond Pipeline: Chasing Paper Profits
Dib 700 features the Tacy Ltd. 2011 Diamond Pipeline. Chaim Even-Zohar reflects on the 2011 pipeline and analyzes trends effecting its various levels, such as price volatility, stock appreciation, diamond recycling, diamond content in jewelry, retail demand, etc.
DIB 759: India's Diamond Woes
DIB 759 looks at the performance of India's gem and jewelry industry for the financial year. Chaim Even-Zohar analyzes the GJEPC diamond-trade statistucs and discusses what they mean for india and the industry as a whole.
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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
A GAME-CHANGER IN TRANSACTION TRANSPARENCY: FINANCING INVOICES COUNTERSIGNED BY BUYER
The diamond downstream industry has been suffering from the lack of profitability for quite a few years in a row, and the prospects of improvement in the near or even mid-term are not g...
INDIA'S DIAMOND WOES
Last year was a lousy year for the global diamond industry. Nowhere is that more visible than in India. In recent months, India's troubles have been mounting even more, as the banks, sh...
A HOUSE HOPELESSLY DIVIDED
There is one World Diamond Council (WDC). But now there are two diamond worlds. Though, ostensibly, all delegates attending the WDC's ninth annual general meeting (AGM) this week in Tel...
INDUSTRY AT REGULATORY CROSSROADS
"Conflict diamonds is something the industry has put a lot of effort into addressing. Now we've moved beyond that. Conflict diamonds are a non-issue compared to social responsibility." ...
REFLECTIONS ON A 'TAX AMNESTY'
"Everybody Does It!" is the title of a new book by Prof. Dr. Michel Maus of the Free University of Brussels, one of Belgium's most eminent fiscal and legal experts. The subtitle of the ...
THE OECD’S DIAMOND CONNECTION: FROM GUIDANCE INTO EU LAW
Last week we exposed the existence of a new self-appointed group engaging in a conflict-diamond and supply chain dialogue with the OECD. The group, which we dubbed the Brad Teleconferen...
THE HIJACK OF INDUSTRY’S CONFLICT DIAMONDS LEADERSHIP
The date is April 4, 2013. The chairman of an African state-owned rough diamond marketing company found a bizarre and anonymous message in his e-mail inbox. The subject: "Save the Date ...
2012: YEAR OF VOLATILITY, LOSSES AND UNCERTAINTIES
The best thing one can do about 2012 is to simply forget that it ever happened! The market contraction and the drop in rough and polished prices that started in the last quarter of 2011...
IIA TECH - THE WORLD’S LARGEST SYNTHETIC DIAMOND MINE
Last year, in a front-page editorial, we crowned Jatin Mehta as the "New Global Gem-Quality Synthetic Diamond Czar", after reporting on his successful buy-out of all minority shareholde...
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NEWS
CHRISTIE'S GENEVA SELLS 101.73 CARATER FOR RECORD $26.7M
The Christie's Geneva auction of Magnificent Jewels realized a total of US$102.1 million, signifying the highest result ever for a various-owner jewelry auction at Christie's. The May 1...
MULTI-STAKEHOLDER WORKING GROUP RECONVENE TO DISCUSS RESPONSIBLE SOURCING
The Precious Stones Multi-stakeholder Working Group (MSWG), which met in Paris on April 30, has held a follow-up teleconference, which took place on May 9, to discuss its next steps. Du...
DIAMONDCORP'S LOSSES NARROW IN 2012
DiamondCorp plc, has posted net losses of £3,534,940 for the year ended December 31, 2012, reduced from £4,239,146 for 2011, according to the African diamond mining and exploration comp...
QUEBEC GOVT. ISSUES CLARITY ON FUTURE MINING TAXATION REGIME
The government of Quebec has issued an information bulletin pertaining to future legislation for the province's mining taxation and royalties. In response, Stornoway Diamond Corporation...
ROCKWELL SEES 19% GROWTH IN Q4 DIAMOND SALES
Alluvial diamond miner Rockwell Diamonds Inc. has recorded a 19 percent year-over-year increase in revenue from diamond sales for the fourth quarter of fiscal 2013. This is before any s...
LUCARA DIAMOND CORP EARNS US$32.5M IN Q1 REVENUES
Lucara Diamond Corp. has reported revenues of US$32.5 million for the first quarter of 2013, ended March 31, from two sales totaling 144,712 carats originating from its wholly owned K...
DOMINION DIAMOND CORP RAISES 2013 OUTPUT FORECAST
Dominion Diamond Corporation has upwardly revised its forecast for calendar 2013 for the Diavik diamond mine in Canada's Northwest Territories and currently foresees an 11 percent incre...
MOTI GANZ RECEIVES FIRST WDC-CIBJO ORDER OF MERIT AWARD
Moti Ganz, Chairman of the Israel Diamond Institute Group of Companies (IDI), was presented with the first-ever Order of Merit Award of the World Diamond Council (WDC) and The World Je...
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DIAMOND INTELLIGENCE BRIEFS
DIAMOND INTELLIGENCE BRIEFS - ISSUE 760
Inside this Issue: A Game-Changer in Transaction Transparency: Financing Invoices Countersigned by Buyer...MDB to Bring Buyers from Russian Federation, CIS Countries to US/International...
DIAMOND INTELLIGENCE BRIEFS - ISSUE 759
Inside this Issue: India's Diamond Woes...MSWG: Brad's Legacy...Israeli Diamantaires Eye Market Expansion in China...KP Chair to Address the Angolan Diamond Centenary Conference...Quebe...
DIAMOND INTELLIGENCE BRIEFS - ISSUE 758
Inside this issue: A House Hopelessly Divided...Belgian Court Spira's DTC Sight - Ending a Decade of 'Court Ordered' Allocations...WDC President Calls for Industry Inclusiveness, Openne...
DIAMOND INTELLIGENCE BRIEFS - ISSUE 757
Inside this Issue: Industry at Regulatory Crossroads...Lucara Announces Its First Large and Exceptional Stone Tender...AWDC Issues Statement Confirming Self-Suspension of Director...Win...
DIAMOND INTELLIGENCE BRIEFS - ISSUE 756
Inside this Issue: Reflections on a Tax Amnesty...Senior African Mining Ministers to Attend Annual WDC Meeting...GJEPC Holds First-Ever India-China Colored Gemstoes Buyer Seller Meet......
DIAMOND INTELLIGENCE BRIEFS - ISSUE 755
Inside this Issue: Dominion Diamond Corp Completes Ekati Diamond Mine Acquisition…India's Net Cut and Polished Diamond Exports for 2012 Total $16.7B…Alrosa Signs Cooperation Agreement W...
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TACY RESEARCH
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...
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RESOURCE LIBRARY
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...
ALROSA'S Q1 FINANCIAL AND OPERATIONAL RESULTS
Alrosa's Q1 2012 financial and operational results
HARRY WINSTON DIAMOND CORPORAITON 2012 ANNUAL REPORT
The 2012 Annual Report of integrated diamond firm Harry Winston Diamond Corporation.
SOUTH AFRICAN MINISTER OF MINERAL RESOURCES SUSAN SHABANGU'S SPEECH AT WDC ANNUAL MEETING
Below is the keynote address by Minister of Mineral Resources Susan Shabangu at the WDC's 8th Annual Meeting in Vicenza, Italy, May 13-14, 2012.
SPEECH BY VASANT MEHTA, DIRECTOR OF INDIA'S GJEPC, FOR WDC 8TH ANNUAL MEETING
Below is the speech, in its entirety, by Vasant Mehta, Director of The Gem & Jewellery Export Promotion Council of India, which he presented at the World Diamond Council's 8th Annual Me...
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LEGAL
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...
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FINANCE
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...
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PICTURES
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
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