Synthetic diamonds are also divided into faceted and raw

A report prepared by the consulting firm Mordor Intelligence, based in Hyderabad, India, said that the amount of synthetic diamonds of the world market in 2016 reached $ 16.83 billion and it is expected that by 2021 it will grow to $ 23.8 billion. At the same time the aggregate rate annual growth in the years 2016-2021 amount to 7.14%. "Synthetic diamond market driven to their low cost compared to conventional diamond. Another driving force is increasing demand for synthetic diamonds in various end use, since they can be modified in accordance with the requirements of the end user sectors. The main deterrent or a lack of synthetic diamond market is a complex production process ", - the report says.
There are two basic types of synthetic diamonds due to various production technologies - diamonds, obtained using high temperature and high pressure (HPHT), and diamonds produced by chemical vapor deposition (CVD). According to the report type synthetic diamonds are also divided into faceted and raw, while the product segments are classified into dust, sand, stone, bead and powder. From the viewpoint of use by end users, synthetic diamonds are divided into stones that can be used in jewelery, electronics, construction, mining industry and health care.
The report mentions some of the largest companies in the synthetic diamond market, including the Element Six, Scio Diamond Technology Corporation, AOTC, Applied Diamond Inc., D.NEA, ILJIN Diamond and Washington Diamonds Corporations.

Training and education, job creation, added value and sustainable marketing

Exports of gems and jewelery from India by 2017 fiscal year (from April 2016 to March 2017) increased by 9.85% to $ 43.16 billion., Compared with $ 39.24 billion in 2016 fiscal year. Gross polished diamond exports in fiscal year 2017 increased to $ 22.78 billion, a 17.2% increase compared with $ 20.67 billion in 2016 fiscal year.
Export Promotion Council of precious stones and jewelery (Gem & Jewellery Export Promotion Council, GJEPC), sponsored by the Trade and Industry Ministry of India has published an annual report on export activities for 2017 in the presence of the chairman of GJEPC Pravinshankara Pandya (Praveenshankar Pandya) and executive director of the organization Sabyasachi Ray (Sabyasachi Ray).
Exports of gold jewelery increased by 2% to $ 8.72 billion in the 2017 fiscal year, compared with $ 8.56 billion in the previous fiscal year. Export of silver jewelry increased by 35.8% to $ 4.02 billion compared with $ 2.96 billion a year earlier. Exports of colored gemstones fell 3% to $ 419.9 million in the 2017 fiscal year, compared with $ 433.18 million in the previous fiscal year. Rough exports increased by 28.2% to $ 1.5 billion from $ 1.17 billion a year earlier.
In 2017 fiscal year, exports of gems and jewelery reached $ 43.16 billion, accounting for 15.7% of total exports of the country, totaling $ 274.65 billion. Thus, the sector of precious stones and jewelery is one of the leading sources of foreign currency in India .
Pravinshankar Pandya said, "Prime Minister Narendra Modi in his special address to live congratulated GJEPC 50th anniversary and expressed a desire to make India the world's largest diamond trading center and a global center for the jewelery industry Moving abroad exports to $ 40 billion in 2017 fiscal year. we are developing a strategy for 2022, India has been able to take a leading position in the global market of precious stones and jewelery to the 75th year of its independence. The strategic focus will be on exports, training and education, job creation, added value and sustainable marketing. "
The main export destinations in the sector of precious stones and jewelery India 2017 fiscal year were the United Arab Emirates: 32% of exports were directed to this market. This is followed by Hong Kong (30%) and the USA (23%). Imports of rough diamonds increased by 21.6% in the 2017 fiscal year to $ 17.08 billion from $ 14.04 billion in 2016 fiscal year. Polished diamond imports decreased by 5% to $ 2.63 billion compared with $ 2.77 billion a year earlier.
GJEPC urged the government to follow the principle of equivalence in the preparation of the new tax regime, ie no export operations should not be subject to any kind of tax, as well as all related activities: consumption of raw materials and manufacturing services. GJEPC also urged to reduce import duty on gold.

Diamonds fancy yellow and pink colors

The price index for fancy color diamonds (Fancy Color Diamond Index) in the first quarter of 2017 showed stability in most categories of colored diamonds. The main exception was the fancy blue stones, the price of which increased by 1.9% in the first three months of this year, which was a continuation of the trend in 2016.
At the same time, prices for diamonds fancy yellow and pink colors have remained virtually unchanged.
In general, the diamond price index for the fancy colored stones of all shapes and sizes rose by 0.2% during this period. The most successful price category in the first quarter of 2017 were diamonds fancy deep blue diamond and fancy bright blue color of different carat.
In year on year, compared to the first quarter of 2016 year, the price index for diamonds fancy colors increased by 0.7%, while 5.7% and 0.8%, respectively in terms of diamonds fancy pink and blue colors. In this case, the price of diamonds fancy yellow decreased by 2.5%. As in the fourth quarter of 2016 in all segments of diamonds fancy intense and bright blue flower steady rise in prices was recorded, partly offset the decline in the prices of colored diamonds into "fancy" categories.
Diamond price index fancy color is published non-profit Research Foundation diamonds fancy color (Fancy Color Research Foundation, FCRF) , which tracks data on the prices of yellow, pink and blue colored diamonds in the world's three major centers of diamond trade - in Hong Kong, New York and Tel-Aviv.
"Diamonds fancy intense and bright blue, are in demand, it is difficult to find on the market, and the interest and demand for this category continues to grow. This trend is likely to continue in 2017, as the owners react to the lack of supply price increase, "- said in this connection, the chairman of the advisory board FCRF Eden Rahmin (Eden Rachminov).

An opportunity to purchase a large assortment of rough diamonds

The following month, the company Koin International intends to conduct the auction sale of diamonds from several African countries, in Antwerp.
Diamond Loupe reports that Koin sale will include a plurality of diamonds of unusual colors, in the number of "exciting" a collection of original intense bright yellow single stones.
Diamonds to be sold at auction include 10.80-carat fancy colored stone from Angola.
Will be offered other stones ranging in size from 2 carats originating in the DRC and by the Guinean company Guiter Minerals Sarl, as well as Ekapa Minerals and Diamcor - both companies own operations in South Africa.
Diamond Loupe reports that buyers will have an opportunity to purchase a large assortment of rough diamonds in the categories from 4 to 4 carats Grand intended for diamond manufacturers, using similar materials.

Looking forward to the opportunity

It is expected that US consumers spend on jewelry more than any other product category in this Day in the United States Mother's (14 May), according to a survey of the National Retail Federation (National Retail Federation, NRF).
It is expected that the total amount for Mother's Day spending will reach $ 23.6 billion, exceeding the previous year by 10%, with $ 5 billion of this amount is likely to be spent on jewelry, according to NRF.
The annual survey showed that 36% of consumers plan to buy jewelry as a gift, 69% intended to buy flowers, and 56% said they would spend money on entertainment such as lunch or dinner in the restaurant.
According to the survey, the average cost of a holiday could be $ 186.39, which is 8% more than last year.
"From the height of spring, many Americans are looking forward to the opportunity to make gifts to mothers this Mother's Day, - he said Metyu Shey (Matthew Shay), CEO of NRF -. Retailers will prepare a wide range of gift options and a variety of promotions to their customers."
Other popular categories include spending gift cards, consumer electronics, clothing and personal services such as a "day at the spa."

Sold through online auction diamonds

National Corporation for the development of mineral resources (National Mineral Development Corporation, NMDC) , India's largest mining company, sold through online auction diamonds worth more than $ 16.54 million in spite of slower growth sector of precious stones and jewels of the country. He told portal Ultra News.
This was a significant success in the face of the global downturn in the diamond industry, the company said mjunction, one of India's largest online trading platforms which facilitated the electronic auction.
"Of the electronic auction has successfully overcome challenges in gems and jewelery sector of the country", - the company said.
"The sales process in the network provided full transparency, security against unfair practices and efficient management of time", - said General Director of mjunction Vinaya Varma (Vinaya Varma).
mjunction applied to a range of customers and has taken measures to ensure to ensure the success of the electronic auction. Base member expansion was achieved by marketing in social networks. Two offices have been prepared - one on the mining project, NMDC, and the other - in Mumbai. Offices have been created for better coordination of trilateral efforts NMDC, mjunction, and buyers. According to the company, reliable platform for conducting auctions was set up by providing customers with centralized services.

Celebrity to wear on the big events and award ceremonies

The Forevermark, a diamond brand De Beers, said that it labeled its two millionth diamond that was mined and faceted in Namibia. Weight stone was 3.48 carats.
According to the company, it has a unique stone inscription "2000000".
It will be set in jewelery design and innovation Forevermark Center in Milan, Italy
"two million stone marking reflects the continued growth of the brand Forevermark, who was promoted formation of nine years", - said Stiven Luse (Stephen Lussier), CEO of Forevermark.
"Demand is stimulated by consumers who want assurance that their diamonds are not only possess the highest standards of beauty, but also provide a guarantee of responsible origin", - he added.
De Beers said that jewelry design with a unique diamond will create a winner Light Awards 2015 Louisa Creek (Louise Kriek) from South Africa, which will be part of the design team Forevermark within a three-month internship in Milan.
Brilliant, according to company representatives, will eventually become part of an exclusive collection of Forevermark for special occasions, which is expected to be a celebrity to wear on the big events and award ceremonies around the world.

To discuss how technology and innovation

Dubai Commodities Center (Dubai Multi-Commodity Centre, DMCC ) plans to strengthen the relationship with Western Australia after a meeting with senior representatives of trade in the region.
Executive Director of the DMCC, Ahmed Bin Sulayem (Ahmed Bin Sulayem) met with Deirdre Wilmott (Deidre Willmott), chief executive officer of the Chamber of Commerce of Western Australia (Chamber of Commerce and Industry of Western Australia, CCIWA), and Professor Chris Moran (Chris Moran) , Deputy Vice-President of Curtin University. The meeting took place in the innovative Cisco Internet Center building (CIIC) in Perth.
The purpose of the meeting - to strengthen the bilateral relations between the DMCC has, the leading and most comprehensive free trade area in the world, and Western Australia.
CCIWA - is an independent non-profit organization, which has more than 125 years, is the main body of the West Australian business. It includes more than 9,000 members of the segments and industries. CCIWA mission is to help local businesses and ensure that Western Australia - a place where companies of any sector and any size can succeed.
Bin Sulayem also visited CIIC center in Western Australia, where he met with Professor Chris Moran to discuss how technology and innovation are developed and constantly changing ways of doing business, training new generations and the formation of people's lives in general.

Sales data are published approximately two months delay

According to preliminary data the US Census Bureau, US sales in specialized jewelry stores in March totaled $ 2.31 billion, which is 3.3% more compared to the same period of the previous year.
This growth is due partly to the fact that in March, US consumers' confidence index rose by 8% and reached its highest level since December 2000, according to the Trade Organization Conference Board. Then, this figure decreased by 3.7% in April.
In the first quarter, sales of jewelry stores rose by 1% compared to the same quarter a year ago to $ 6.92 billion, according to the report, which was released earlier this month.
Sales data are published approximately two months delay compared to the analyzed period.

Revenue from gold exports also strengthened

Chamber of Mines (Chamber of Mines) Zimbabwe reported that the country's revenue from diamond sales during the period from the beginning of January to May 12, 2017 fell to $ 27 million, compared to $ 51 million in the same period a year earlier.
According to Miningmx, diamond exports from the country showed worse than platinum segment, which during the same period has brought to Zimbabwe's treasury about $ 333.5 million, compared with $ 282 million in the same period last year.
Revenue from gold exports also strengthened, to $ 275.7 million compared with $ 266.5 million a year earlier.
Zimbabwe's Ministry of Finance announced that it would take control of the diamonds produced in Marange (Marange) and Chimanimani (Chimanimani) after capitalization Zimbabwe Consolidated Diamond Company (ZCDC) in the amount of $ 80 million through the country's central bank.
ZCDC was created last year through the merger of Marange Resources, Gye Nyame, Diamond Mining Corporation and Kusena.
"There are two kinds of minerals that disappoint us -. It's diamonds and coal We capitalized ZCDC in the amount of $ 80 million, and there is a new agreement with ZCDC, according to which, after the company's capitalization diamonds automatically go into the treasury" - quoted by The Herald Finance Minister of Zimbabwe Patrick Chinamasa (Patrick Chinamasa).
"Thus, each mined diamonds will flow into the coffers through the Reserve Bank of Zimbabwe, and we think that this will improve transparency and ensure the maximum realization of revenue from diamonds," - the minister added.
In addition, Zimbabwe has recently paid $ 5.4 million for the Russian diamond company DTZ-OZGEO, acting in the African country to obtain its concession in the Chimanimani district.
State media claimed that ZCDC currently produces 200,000 carats per month.

About the production of a large diamond

Alrosa said on Friday about the production of a large diamond weighing 60.32 carats, the value of which, according to experts, is about 174.5 thousand. USD.
Transparent yellowish white crystal in the form of an octahedron extracted from the alluvial deposits "Mining" dredge № 203 concentrator № 3 Mirninsky mine. It is the only factory in Russia, which is provided by diamond dredging fleet.
Placer "Mountain" was opened in 1956. It is located on the left bank of the river Malaya Botuobiya, 26 km south-east of the town of Mirny.
Besides placer "Mining", Mining Mirninsky produces diamonds mines "Mir", "International", placers "Watershed gravel", "Irelyakh placer", as well as man-made field "mill tailings № 5".
In 2016, at the Mirny Mine was produced almost 5.3 million carats of diamonds ─ 21% of the total diamond production ALROSA Group.

Net cash flow was 34.6 billion, an increase of 4.7 times

ALROSA announced financial results under IFRS for the first quarter of 2017, according to which the company's revenues decreased by 17% compared to the same period of the previous year.
Revenues for the I quarter of 2017 amounted to 84.8 billion rubles, an increase of 38% in comparison with IV quarter of 2016 and decreased by 17% in comparison with I quarter of 2016.
EBITDA amounted to 35.2 billion rubles, EBITDA margin was 42%. Net profit amounted to 22.7 billion rubles.
Net cash flow was 34.6 billion, an increase of 4.7 times in comparison with IV quarter 2016 the year and decreased by 42% compared to I quarter 2016 year.
"The results of the I-st quarter of 2017 exceeded the end of 2016 for the full year due to the recovery in demand from the Indian consumers of rough diamonds after a temporary downturn in the result of the currency reform. The negative impact on the Company's margins had a stronger ruble. Separately, I would like to emphasize the success of the program implemented in the Company to control costs, which allowed to keep the growth of production costs at minimum levels ", - said the president of" ALROSA "(PJSC), Sergei Ivanov.

Diamond jewelry, such as bracelets, earrings and necklaces sold well

Company Signet Jewelers (NYSE: SIG), a retailer of jewelry in the world's largest diamond, reported that its sales in the first quarter amounted to $ 1 403.4 million, up $ 175.5 million or 11.1% lower compared with the first quarter last year, while sales in comparable stores decreased by 11.5% compared to last year. The number of transactions declined in all divisions due to reduced attendance physical stores. Product sales of product categories and collections were generally lower in the first quarter, but sales of e-commerce, as well as sales in the division Piercing Pagoda, increased in comparison with the previous year. Diamond jewelry, such as bracelets, earrings and necklaces sold well compared to the overall portfolio of products. E-commerce sales in the first quarter were $ 81.0 million, up $ 0.9 million or 1.1% increase compared to $ 80.1 million in the first quarter of last year.
Gross profit was $ 491.2 million or 35.0% of sales, up 300 basis points less than in the previous year. This decrease is due mainly to lower sales, which led to a decrease in leverage of fixed costs, partially offset by higher total profit of divisions Sterling and Zale.
Commenting on first quarter results, Mark Layt (Mark Light), Chief Executive Officer of Signet Jewelers, said: "As expected, we had a very slow start to the year as the ongoing difficulties in the retail environment in general, compounded by the slowdown of household spending on jewelry, company-specific problems. "
"We continue to take decisive action to adapt our business to the current challenging retail environment and to position our company for long-term growth. It is important to note that during the quarter we improved our online platform and continue to accelerate our efforts in the field of digital marketing, which led to a noticeable continuous improvement of our work in e-commerce. We also made important changes to our organizational structure and strengthened our team to advance our strategic plan until 2020 and increase efficiency. On the basis of progress made to date in the framework of our strategy to give priority to the customer in all areas and a number of initiatives currently being implemented, we expect that the company's results in the reporting year will be within the previously announced plans, "- said Chief Executive Director of Signet Jewelers.

Sale of assets should be agreed with the Antimonopoly Office of Botswana

Firestone Diamonds reported entered into a conditional agreement with Amulet Diamond on the possible sale of its operations in Botswana, including the BK11 mine, for $ 5.1 million.
Amulet - a Canadian company established to purchase the assets disposed of at the head of Gareth Penny (Gareth Penny) and Diacore Diamond , a multinational diamond company with diversified interests in the diamond industry.
Amulet intends to acquire the option, effective from June 1, 2017 for up to 14 months, is to receive a 100 per cent interest in a subsidiary Firestone Botswana and 90 percent share in Monak Ventures, which represent the interests of Firestone in Botswana.
The Firestone pointed out that the Amulet must pay $ 100,000 immediately, and the remaining amount will be placed in the storage and it will be paid no later than 10 days after the exercise of the option.
Sale of assets should be agreed with the Antimonopoly Office of Botswana and approved by the Ministry of Mines of Botswana mining transmission control Monak shares in favor of the Amulet.
Meanwhile, the Firestone announced that Amulet will finance the construction and operation of the plant for processing of bulk samples, as well as carrying out their selection program BK11 mine in for an option period for further evaluation of the deposit.
"In addition, Amulet for an optional period and if the company will take advantage of the option, from the time when the option will be used until the completion of the transaction, should pay the current cost of care programs and maintenance BK11 at a maximum cost of $ 30,000 per month", - Firestone said in a statement.
"The company will also have the right to retain 10% of its revenue from diamonds sold within gross sampling program (after royalties and agreed costs) during this period", - concluded in Firestone.

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