16 April 2014
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Tacy's 2012 Diamond Pipeline: A Year of Volatility, Losses and Uncertainties
Dib 753 features the Tacy Ltd. 2012 Diamond Pipeline. Chaim Even-Zohar reflects on the 2012 pipeline and analyzes trends effecting its various levels, such as price volatility, stock appreciation, diamond recycling, diamond content in jewelry, retail demand, etc.
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DIB 806: Blocking the Kimberley Process Bypass
DIB 806 discusses the South African government's stated objections to the attempts of the OECD and the Precious Stones Multi-Stakeholder Initiative Working Group to bypass the KPCS. A letter by SA Mineral Resouces Minister Susan Shabangu is included in this issue of DIB.
BLOCKING THE KIMBERLEY PROCESS BYPASS - SOUTH AFRICA WARNS OECD AGAINST ADOPTING 'UNILATERAL' DIAMOND REGULATIONS
The South African government has put the Organization for Economic Co-operation and Development (OECD) on notice of their strong objections to the so-called "Precious Stones Multi-Stake...
SOUTH AFRICAN DIAMOND CORRUPTION: DTC PRICE BOOKS, INTERNAL VALUATIONS AND CLIENT INVOICES 'FLOATING AROUND' IN JOBURG
"Even though every rough diamond is unique, buying and selling them depends upon assigning value to agreed standards of size, shape, color and clarity. De Beers combines these factors i...
RUSSIAN SANCTIONS...AND MY MOTHER
Though sometimes we may wish that reality was different, the diamond industry doesn't operate in a political vacuum. We recall that the greatest obstacle faced by the Kimberley Process ...
REFLECTIONS ON A CVD GEM-QUALITY SYNTHETICS OFFER
During the past few months, diamond industry leaders have made enormous efforts to alert the trade at large to the phenomenon of trading in parcels containing undisclosed mixed syntheti...
FINITE VERSUS INFINITE - THE PRODUCER'S PRICING AND SUPPLY DILEMMA
Last week, BBC News aired an interesting radio program, followed by a print story, about diamonds entitled "Diamonds: Natural and Unnatural Wonders." The segment focuses on De Beers and...
YINREN MAY GET THE BANK BY DEFAULT
My editorial calendar says that I should do a follow-up article on the puzzling story of Yinren's purchase of the Antwerp Diamond Bank (ADB). Why today? Because under Belgian law, there...
GIA: TOO BIG TO FAIL
Let's get straight to the bottom line: at any given moment, the Gemological Institute of America (GIA) and other grading labs will have some US$1.5 billion worth of diamonds in their po...
DE BEERS SOLD $5.8-5.9 BILLION WORTH OF ROUGH IN 2013
Analysts and journalists were quite surprised when Anglo American simply announced in its 2013 financial results that sales of De Beers last year had increased to $6.4 billion from $6.1...
IN 'THE KITCHEN' OF THE FATF DIAMOND MONEY-LAUNDERING REPORT
The Financial Action Task Force's (FATF) "Money Laundering and Terrorist Financing through Trade in Diamonds" report recently released by the FATF/Egmont Group was met by the diamond in...
ANGOLA TO GRANT DE BEERS CONCESSION FOR DIAMOND EXPLORATION, SAYS MINES MINISTER
Angola will approve a new concession to De Beers to explore for diamonds, reports Reuters, citing Angolan Geology and Mines Minister Francisco Queiroz.
LUCARA EARNS $50.5M FROM YEAR'S FIRST EXCEPTIONAL STONE TENDER
Lucara Diamond Corp. reports that its first Exceptional Stone Tender of 2014 generated gross revenues of $50.47 million, or $42,347 per carat. The special tender of diamonds from the Ka...
ZIMBABWE FIRM ESTABLISHING DIAMOND ORE PROCESSING PLANT IN CHIMANIMANI
Following the discovery of diamond deposits in Zimbabwe's Chimanimani province last year, Mutare-based DTZ-OZGEO (Pvt) Limited is setting up a diamond ore processing plant in the provin...
INDIA, RUSSIA TO SHARE DIAMOND TRADE DATA
India's Gem & Jewellery Export Promotion Council (GJEPC) and Russian diamond conglomerate Alrosa have signed a Memorandum of Understanding (MoU) to share diamond trade and statistical d...
RIO TINTO'S FIRST ROUGH TENDER OF 2014 OFFERS 124 LOTS TO 44 COMPANIES
Rio Tinto reports that its first rough diamond tender of 2014 offered 124 lots of white and fancy colored rough diamonds from its Argyle mine in Australia, its Diavik mine in Canada and...
CANTERRA MINERALS RETURNS TO DIAMOND EXPLORATION IN THE NORTHWEST TERRITORIES
Canterra Minerals Corporation has staked 43 new mineral claims covering more than 43,000 hectares in the southern portion of the Slave Province in Canada's Northwest Territories, as par...
ZIMBABWE GOVT. AIMS TO ESTABLISH AN EMBASSY IN DUBAI TO OVERSEE DIAMOND SALES
The Zimbabwe government is working toward establishing an embassy in the United Arab Emirates (UAE) that would have no major diplomatic task other than overseeing the sale of the countr...
NORTH ARROW COMMENCES SPRING EXPLORATION AT REDEMPTION
North Arrow Minerals Inc. has commenced a program of ground geophysical surveys at the Redemption Diamond Project in Canada's Northwest Territories. The property is located 32 kilometer...
CIN ACQUIRES INTEREST IN BIGSTONE LAKE DIAMOND PROPERTIES
Canadian junior diamond exploration company Canadian International Minerals Inc. (CIN) has acquired, by staking, a 100 percent interest in the Bigstone Lake diamond properties, in north...
DIAMOND INTELLIGENCE BRIEFS
DIAMOND INTELLIGENCE BRIEFS - ISSUE 806
Inside this Issue: Blocking the Kimberley Process Bypass - South Africa Warns OECD against Adopting 'Unilateral' Diamond Regulations...Alrosa, Dubai Diamond Exchange Pledge to Strenghte...
DIAMOND INTELLIGENCE BRIEFS - ISSUE 805
Inside this issue: South African Diamond Corruption: DTC Price Books, Internal Valuations and Client Invoices 'Floating Around' in Joburg...De Beers: "We Are Launching a Full-Scale Inve...
DIAMOND INTELLIGENCE BRIEFS - ISSUE 804
Inside this Issue; Russian Sanctions...and My Mother...Dubai Diamond Exchange Holds Inaugural Zimbabwe Diamond Tender...Namibia Diamonds Commissioner: Namdeb may Extend mining License.....
DIAMOND INTELLIGENCE BRIEFS - ISSUE 803
Inside this Issue: Reflections on a CVD Gem-Quality Synthetics Offer...De Beers Adds Five Indian Sightholders to Client List...Belgium's February Polished Exports Grow 33% in Value...AW...
DIAMOND INTELLIGENCE BRIEFS - ISSUE 802
Inside this Issue: Finite Versus Infinite - The Producer's Pricing and Supply Dilemma...Israel Holds Inaugural International Rough Diamond Week...Mbada Diamonds Chairman Claims to Have ...
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...
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...
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.
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