22 October 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.
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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!
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
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...
WDMF, TURKISH JEWELLERY EXPORTERS ASSOCIATION FORMALIZE COOPERATION
The World Diamond Mark Foundation (WDMF) and the Turkish Jewellery Exporters Association (JTR) have formalized their cooperation by signing a Memorandum of Understanding and, as part of...
D.E.F. BOARD WELCOMES DAVID PRAGER, KENT WONT SIU KEE
The Africa-focused Diamond Empowerment Fund (D.E.F.) has added two global industry leaders to its board of directors: David Prager, Head of Corporate Affairs for the De Beers Group of C...
LVMH SEES SALES GROWTH IN WATCHES & JEWELRY DIVISION
LVMH Moet Hennessy Louis Vuitton (LVMH) reports that the luxury group's Watches & Jewelry division earned US$2.519 billion (€1.972 billion) in revenue during the first nine months of th...
ALROSA'S ROUGH OUTPUT FALLS 5% IN FIRST 9 MONTHS
Russian diamond miner Alrosa reports that its diamond production during the third quarter of 2014 fell 2 percent year over year to 9.7 million carats.
NEW KIMBERLITE SOURCE INDICATED IN FINLAND, SAYS KARELIAN DIAMOND RESOURCES
Finland-focused Karelian Diamond Resources plc reports that the recovery of high concentrations of kimberlitic indicator minerals (KIMs) in Riihivaara indicate the nearby presence of a ...
STELLAR DIAMONDS: TRIAL MINING AT BAOULE PIPE RETURNS GRADE OF 18.6 CPHT
Stellar Diamonds has confirmed the recovery of 195.57 carats from kimberlite ore to date from trial mining at its Baoule kimberlite pipe in Guinea. Results have returned an average grad...
DOMINION DIAMOND CORP: DIAVIK PRODUCTION UP 10% IN FIRST NINE MONTHS OF 2014
Dominion Diamond Corporation, which owns a 40 percent share of the Diavik diamond mine in Canada's Northwest Territories, produced 669,000 carats during the third quarter of 2014, consi...
RIO TINTO'S DIAMOND PRODUCTION FALLS 4% IN FIRST NINE MONTHS OF 2014
Rio Tinto reports that its diamond production for the first nine months of the year fell 4 percent year over year to 11.031 million carats. Carat production for third quarter, totaling ...
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...
DIAMOND INTELLIGENCE BRIEFS
DIAMOND 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 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 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 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 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 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 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 ...
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'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 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