19 December 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 842: Prospects Looming of Multiple Lawsuits against Grading Labs
DIB 842 discusses a possible class-action lawsuit against EGL International that may be filed in the near future. Chaim Even-Zohar talks about how the industry's other leading labs may also be facing legal challenges and what the impact of this fallout may be on the industry .
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...
ANALYZING INDIAN DREAMS OF DUTY-FREE JEWELRY EXPORTS TO THE UNITED STATES
India is a land in which people love ritual and performance and in which they cherish tradition and culture. This crossed my mind when perusing the latest trade press release from India...
THE NEW ‘WHITE PAPER INITIATIVE'
Some of the key individuals behind the Precious Stones Multi-Stakeholder Working Group (PS-MSWG) apparently have second thoughts on the effectiveness of specific precious stones OECD du...
TYLER GILLARD: ‘OECD HAS NO PLANS TO ISSUE PRECIOUS STONES (OR DIAMONDS) DUE DILIGENCE GUIDELINES AT THIS TIME'
"OECD Guidelines: A Replacement of the Kimberley Process?" This was the original name given by the organizers for Panel II at the Second Zimbabwe Diamond Conference that took place last...
WDC ‘PRIVATIZED’ – NOW REPRESENTS MAIN PRODUCERS AND RETAILERS
The press release that was issued the day after the conclusion of the World Diamond Council's (WDC) 10th Annual Meeting [see below, following this editorial] should become a case study ...
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 ...
ALROSA UNCOVERS RARE ROCK CONTAINING 30,000 SMALL DIAMONDS
Russian mining conglomerate Alrosa unearthed a rare red and green stone out of the ground earlier this week at its Udachnaya diamond mine that contained 30,000 diamonds, a concentration...
IDE SETS SEMI-ANNUAL FORMAT FOR INTERNATIONAL DIAMOND WEEK
The Israel Diamond Exchange (IDE) has set a semi-annual format for the International Diamond Week (IDW) in Israel, with a summer edition from August 30 to September 3, 2015, to follow t...
KENNADY DIAMONDS INTERSECTS KIMBERLITE AT KELVIN
Kennady Diamonds Inc. reports that the latest Kelvin delineation drill hole (KDI-14-065) at its wholly owned Kennady North diamond project in Canada's Northwest Territories intersected ...
WDC PRESIDENT: ‘UNITED INDUSTRY IS KEY TO FUTURE GROWTH OF DIAMOND BUSINESS'
On an ongoing basis, the united leadership of the diamond industry is more inclined than ever before to continue formulating and implementing improved ethical business standards, said E...
REGISTRATION OPENS FOR SIXTH EDITION OF ANTWERP DIAMOND TRADE FAIR
Hundreds of diamond buyers, including jewelry manufacturers and wholesalers, are expected to participate in the upcoming Antwerp Diamond Trade Fair (ADTF), slated for February 1-3, 2015...
ROSY BLUE CONTRIBUTES TO ANTWERP CONSERVATION WITH 3,000 TREES
In its aim to contribute to the environment of Antwerp, Rosy Blue has sponsored the planting of 3,000 trees in the city in cooperation with the Flemish organization BOS +, which is dedi...
TSODILO RESOURCES COMPLETES CONCEPTUAL GEOLOGICAL MODEL FOR BK16
Botswana-focused Tsodilo Resources Limited has completed a conceptual geological model for BK16, which is located within the Orapa Kimberlite Field in Botswana.
GAHCHO KUE JV PARTNERS SIGN IMPACT BENEFIT AGREEMENT WITH NWT METIS NATION
De Beers Canada Inc. and Mountain Province, joint-venture partners (51:49 percent) in the proposed Gahcho Ku? diamond mine in Canada's Northwest Territories, have entered into an Impact...
INDIAN GOVT. ACCEPTS INDUSTRY PROPOSAL FOR A SPECIAL NOTIFIED ZONE
During an address at the recent World Diamond Conference in India, Indian Prime Minister Narendra Modi announced his government's acceptance of an industry proposal for a Special Notifi...
AlLROSA SIGNS DIRECT ROUGH SUPPLY CONTRACTS WITH 12 INDIAN COMPANIES
Russian diamond conglomerate Alrosa signed three-year rough diamond supply contracts with 12 Indian diamonds companies beginning from 2015. The contracts were finalized on the sidelines...
DIAMOND INTELLIGENCE BRIEFS
DIAMOND 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 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......
DIAMOND INTELLIGENCE BRIEFS - ISSUE 840
Inside this issue: Alrosa Reopens Sales Office in Dubai...Greater China's Rising Consumer Demand for Diamonds Draws Chow Tai Fook to Expand in Asia...ZMDC Pushed to Published Financial ...
DIAMOND INTELLIGENCE BRIEFS - ISSUE 839
Inside this Issue: Another Certificate Movie: "Dirty Dancing"...World Bank Approves $285M Grant to Fight Ebola in West Africa...African Mining Ministers Plan to Create African Minerals ...
DIAMOND INTELLIGENCE BRIEFS - ISSUE 838
Inside this issue; Analyzing Indian Dreams of Duty-Free Jewelry Exports to the United States...
DIAMOND INTELLIGENCE BRIEFS - ISSUE 837
Inside this Issue: Tyler Gillard: 'OECD Has No Plans to Issue Precious Stones (or Diamonds) Due Dilgence Guidelines at this Time...Zimbabwe Aims to Nix Diamond Tax in Effort to Boost Lo...
DIAMOND INTELLIGENCE BRIEFS - ISSUE 836
Inside this Issue: WDC 'Privatized' - Now Represents Main Producers and Retailers...Fake KP Certificate from Malaysia Surfaces...Large Industry Turnout Expected for Second Zimbabwe Diam...
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...
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