23 September 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 828: Undisclosed Synthetic Diamonds ‘Shift’ to Finished Set Jewelry
DIB 828 reveals another instance of undisclosed synthetic diamonds being detected at a laboratory. However, unlike in past situations, these synthetics were already set in diamond jewelry. Chaim Even-Zohar discusses what this shift to set jewelry means for the industry.
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...
JULY 30, 1914 - THE DAY THAT FOREVER SHAPED THE DIAMOND WORLD
Today, 100 years ago, in smoked-filled boardrooms and government offices, two entirely different sets of negotiations were taking place: one was to prevent the eruption of World War I, ...
SUPPLIER OF CHOICE BECOMES THE SUPPLIER'S CHOICE: DE BEERS AIMS AT DIVERSIFYING CUSTOMER RANGE
This month, exactly 14 years ago, De Beers unveiled a package of measures called "Supplier of Choice" (SOC) that, and I quote then-Chairman Nicky Oppenheimer, "is set to grow demand for...
DIAMOND 'JUSTICE' BELGIUM-STYLE: TRIAL BY PROSECUTOR LEAKS
The incredible Kafkaesque "mistaken identity story" in which some five Belgian newspapers simultaneously reported on the arrest of Rosy Blue's Baron Dilip Mehta in Dubai is turning into...
SHADOW OF MAMMOTH SANCTIONS PENALTY HANGS OVER BANKERS AND ZIMBABWE DIAMOND TENDERS
The guilty plea to criminal charges by France's largest bank, BNP Paribas Bank, for violating U.S. sanctions against Iran, Sudan and Cuba, along with a mind-boggling monetary penalty of...
RICHEMONT'S JEWELRY MAISONS POST 2% SALES GROWTH
Swiss luxury goods group Richemont has posted a total sales growth of 4 percent at constant exchange rates for the five-month period ended August 31, 2014. Analysts say that this signif...
RIO TINTO'S ARGYLE PINK DIAMONDS TENDER VISITS HONG KONG
Following viewings in Sydney and New York, Rio Tinto has brought its annual Argyle Pink Diamonds Tender to Hong Kong for the final leg of the tender's global showcase tour
TSODILO RESOURCES ACQUIRES RIGHTS TO BK16 KIMBERLITE PIPE IN BOTSWANA
Tsodilo Resources Limited has been granted a prospecting license over the BK16 kimberlite pipe located within Botswana's Orapa kimberlite field. The license grants the company the exclu...
ALROSA PRESIDENT FYODOR ANDREEV RESIGNS
Russian mining conglomerate has announced that its president, Fyodor Andreev, has resigned from his leadership post for medical reasons. Andreev had served as president since his appoin...
KENNADY DIAMONDS ANNOUNCES $5M NON-BROKERED PRIVATE PLACEMENT
Kennady Diamonds Inc., which controls 100 percent of the Kennady North diamond project in Canada's Northwest Territories, is arranging a non-brokered private placement to raise approxim...
ALROSA, BOTSWANA DIAMONDS JV TEAM TO START DRILLING AT ORAPA
Botswana Diamonds reports that a seven-person geological team from Russian diamond conglomerate Alrosa has arrived in Botswana to join the Botswana Diamonds team on site at the Orapa di...
AWDC IVESTIGATING 'POTENTIAL SOLUTION' TO ADB CLOSURE
"There is still room to find a solution, to keep the financing levels of the Antwerp diamond sector at market conform levels," says a statement by the Antwerp World Diamond Centre (AWDC...
KBC ANNOUNCES DECISION TO CLOSE ANTWERP DIAMOND BANK
Belgian financial services group KBC announced last week that since the sale of its subsidiary, Antwerp Diamond Bank (ADB), to the Yinren Group "could not be successfully completed," KB...
GLOBAL DIAMOND DEMAND REACHES RECORD LEVELS, SAYS DE BEERS' DIAMOND INSIGHT REPORT
Global demand for diamond jewelry reached a record high of US$79 billion in 2013, according to the inaugural Diamond Insight Report, published this week by The De Beers Group of Compani...
WDMF, GJEPC TO HOLD WORLD DIAMOND CONFERENCE IN DELHI
The World Diamond Mark Foundation (WDMF) and India's Gem & Jewellery Export Promotion Council (GJEPC) are jointly organizing an international World Diamond Conference to discuss the fut...
DIAMOND INTELLIGENCE BRIEFS
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 ...
DIAMOND INTELLIGENCE BRIEFS - ISSUE 825
Inside this Issue: De Beers Diamond Jewellers: Losses are Forever?... Zimbabwe Aims to Launch Domestic Diamond Exchange in November...Belgium July Polished Exports Grow 9% in Volume; 4....
DIAMOND INTELLIGENCE BRIEFS - ISSUE 824
Inside this Issue: GII Inaugurates AMS Devise at the Bharat Diamond Bourse...Global Diamantaires Join Indians in Applying to Surat Diamond Bourse...Zimbabwe Govt to Collect Share of Rev...
DIAMOND INTELLIGENCE BRIEFS - ISSUE 823
Inside this Issue: Zimbabwe Govt to Amend Mines Act to Repossess Unused Mining Claims...Legal Challenge Further Delays Proposed Marange Mines Merger...A Number of Israelis among Suspe...
DIAMOND INTELLIGENCE BRIEFS - ISSUE 822
Inside this Issue; July30, 1914 - The Day that Forever Shaped the Diamond World...Zimbabwe Ministers in Russia to Court Foreign Investment for Mining Sector...Zimbabwe Bans Rough Diamon...
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