30 January 2015
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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 848: Economics 101: A Course on Added Value
DIB 848: Economics 101: A Course on Added Value
DIB 848 delves into economic issues with regards to the diamond industry. Chaim Even-Zohar clarifies the difference between profit margins and added value and looks at the diamond pipeline's value overall.
VIEWS
ECONOMICS 101: A COURSE ON ADDED VALUE
The president of the International Diamond Manufacturers Association (IDMA), Maxim Shkadov, is clearly in pain. Recognizing that the supply of polished diamonds is far exceeding demand,...
TAKING ONE'S BANKER TO COURT
There are many characteristic and recurring ways in which bankers or their clients can lose money in the diamond-financing business. The most frequent losses incurred by diamond-financi...
FALSE ABN AMRO WITHDRAWAL SCARE IN INDIA
n the current negative market mood, with polished prices plunging down and manufacturing margins falling close to zero, the industry reacts nervously to any further indication of reduce...
DIAMOND MIRACLES FROM THE HOLY LAND
With all due respect to the Kimberley Process (KP) and the Israel Diamond Controller, who supervises the diamond sector on behalf of government, I long ago lost some faith in official d...
TRUST IS A TWO-WAY STREET
At every international diamond conference there are a handful of bankers that sit at the podium telling the diamond industry participants that, in order to secure future banking facilit...
YEAR-END REFLECTIONS: THE 95-YEAR STRUGGLE TO SECURE ROUGH FOR BENEFICIATION
"In the Union House of Assembly on June 4th, the Acting Prime Minister (Mr. Malan), replying in the debate on the Bill empowering the establishment of a diamond cutting industry in Sout...
PROSPECTS LOOMING OF MULTIPLE LAWSUITS AGAINST GRADING LABS
The world economy is quickly heading into a major recession, and 2015 may become another annus horribilis ? to borrow a phrase by former De Beers' managing director Gary Ralfe in refere...
ROUGH IS FROM VENUS -- POLISHED IS FROM MARS
The Israeli diamond industry and its bankers gathered recently to listen to a two-hour so-called "Bankers' Seminar," during which De Beers presented its views on the market, on sighthol...
GIA BATTLING CRIMES: SUSPENDS "DUPLICATE REPORT" SERVICE TO PREVENT FRAUD
One month ago, the Gemological Institute of America (GIA) announced the sudden suspension of its diamond sealing services and the issuance of duplicate reports at all locations. Its for...
ANOTHER CERTIFICATE MOVIE: "DIRTY DANCING"
The gradually evolving hysteria surrounding gemological laboratory diamond over-grading, mis-grading, grade definitions and standards reminds me of the movie “Dirty Dancing” from the la...
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NEWS
ALTO VENTURES RECOVERS KIMS ON PROPERTY NEAR PIKOO DIAMOND PROJECT
Canadian exploration company Alto Ventures Ltd. has recovered significant kimberlite indicator minerals (KIMs) from till samples on the GEFA Diamond Property, located adjacent to the ea...
LATEST EXPLORATION RESULTS CONFIRM POTENTIAL OF KELVIN KIMBERLITE TO HOST HIGH-GRADE DIAMOND RESOURCE
Kennady Diamonds Inc. has received further diamond recovery results from the Kelvin 2014 summer/fall mini-bulk sample program at its wholly owned Kennady North diamond project in the Ca...
GEM DIAMONDS: LETSENG MINE CONTINUES TO PERFORM 'STRONGLY' DESPITE DROP IN CARAT OUTPUT
Gem Diamonds Limited reports that the fourth quarter of 2014, October 1 to December 31, saw an "encouraging end to a very positive year."
PETRA DIAMONDS REPORTS 2% DECLINE IN H1 PRODUCTION
Petra Diamonds Limited reports that production for the first half of its financial 2015 year was down 2 percent compared to H1 2014. Production decreased to 1,601,069 carats from 1,634,...
AWDC SETS UP DIAMOND FINANCING SEMINAR IN DAVOS
In the margins of the World Economic Forum in Davos last week, the Antwerp World Diamond Centre set up a dedicated diamond-financing seminar, introduced by Flemish Minister-President Ge...
LUCAPA COMMENCES ALLUVIAL DIAMOND MINING AT LULO'S BLOCK 29
Angolan mining company Lucapa Diamond Company Limited and its mining partners, the state-run Endiama and private Angolan company Rosas & Petalas, have successfully commenced alluvial di...
DIAMONDS NO LONGER A PART OF VACHERON CONSTANTIN'S STRATEGY TO ATTRACT FEMALE LUXURY BUYERS
Vacheron Constantin, the oldest Swiss watchmaker in continuous operation, plans to build up its wealthy female clientele by shifting its focus away from diamonds and more toward the lux...
MAHIAR BORHANJOO JOINS VENUS JEWEL INTERNATIONAL AS MANAGING DIRECTOR
Venus Jewel has announced that Mahiar Borhanjoo has decided to exclusively associate with them as the Managing Director of Venus Jewel International. He will be focused on creating new ...
NORTH ARROW UPDATES QILALUGAQ PROJECT BULK SAMPLE PROCESSING
Canadian diamond exploration company North Arrow Minerals Inc. reports that the Qilalugaq diamond project bulk sample is currently being processed for the recovery of commercial sized d...
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DIAMOND INTELLIGENCE BRIEFS
DIAMOND INTELLIGENCE BRIEFS - ISSUE 848DIAMOND INTELLIGENCE BRIEFS - ISSUE 848
Inside this Issue: Petra Diamonds Reports 2% Decline in H1 Production...Lucapa Commences Alluvial Diamond Mining at Lulo's Block 29...Gem Diamonds' Q4 'Encouraging End to Postive Year'....
DIAMOND INTELLIGENCE BRIEFS - ISSUE 847
Inside this Issue: Taking One's Banker to Court... International Diamond Week Expects More than 500 Buyers...Namibia Exporting Power to South Africa...New Minister Tells Marange Diamond...
DIAMOND INTELLIGENCE BRIEFS - ISSUE 846DIAMOND INTELLIGENCE BRIEFS - ISSUE 846
Inside this issue: False ABN AMRO Withdrawal Scare in India...Rio Tinto Chief Presses Indian PM for Bunder Project Approvals...South African Youth to Learn Diamond Polishing in Surat......
DIAMOND INTELLIGENCE BRIEFS - ISSUE 845DIAMOND INTELLIGENCE BRIEFS - ISSUE 845
Inside this Issue: Diamond Miracles from the Holy Land...India Investigates Mega Banking Fraud...Surat Jewelry Park Gets SNZ Status...The DDC Prepares for Upcoming Second Edition of Ind...
DIAMOND INTELLIGENCE BRIEFS - ISSUE 844DIAMOND INTELLIGENCE BRIEFS - ISSUE 844
Inside this issue: Trust is a Two-Way Street...Israel's Diamond Industry Works to Fortify Local Polishing Sector...Seventh Kimberlite Found in Indian State of Andhra Pradesh...Indian Go...
DIAMOND INTELLIGENCE BRIEFS - ISSUE 843DIAMOND INTELLIGENCE BRIEFS - ISSUE 843
Inside this issue: The 95-Year Struggle to Secure Rough for Beneficiation...Russians Invest in Art, Jewelry and Diamonds to Protect against Falling Rouble...Israeli Trade Bodies to Inau...
DIAMOND INTELLIGENCE BRIEFS - ISSUE 842DIAMOND INTELLIGENCE BRIEFS - ISSUE 842
Inside this issue: Prospects Looming of Multiple Lawsuits against Grading Labs...Indian Govt Accepts Industry Proposal for a Special Notified Zone...Alrosa Signs Direct Rough Supply Con...
DIAMOND INTELLIGENCE BRIEFS - ISSUE 841DIAMOND INTELLIGENCE BRIEFS - ISSUE 841
Inside this Issue: Rough is from Venus - Polished is from Mars...GJEPC Aims to Strengthen India's Diamond Trade with Russia...ZImbabwe Wins Back $45M of Diamond Proceeds from Antwerp......
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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...
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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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