In 2016, prices for fancy colored diamonds rose on increased demand for the rare blue and pink stones, according to the Foundation for Research fancy color diamonds (Fancy Color Research Foundation, FCRF) .
Fancy Color Diamond Index The index is calculated FCRF, rose by 0.4% last year, while the prices for blue diamonds jumped by 5.5%, while prices of pink stones increased by 1.4%. However, the prices of yellow diamonds fell by 4%.
"Prices for blue fancy diamonds reached record levels due to the combination of a very small supply and strong demand," - said Jim Pounds (Jim Pounds), executive vice president of Dominion Diamond Corporation and Chairman of the Advisory Board FCRF.
"In general, high-quality and well-polished bright blue and pink stones do not exist in sufficient quantities to create price stability", - he added.
In the fourth quarter overall for colored diamonds price index fell slightly compared with the previous three months, they said in FCRF. Prices for yellow diamonds fell 1.4%, while the pink stones prices remained essentially unchanged, and while the blue stones went up by 1.5%.
Meanwhile, according to Pounds, prospects yellow diamonds are relatively positive.
"Yellow rough diamonds is very saturated colors, particularly" live "stones, recently reached the highest price in the tender This may indicate an increase in demand, which is likely to have impact on the value of diamonds.", - he said.
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Tuesday, June 13, 2017
According to the Rio Tinto Diamonds on January 30, 2017, the company intends to close its office in North America, which is located in the office in New York. This will happen in the first quarter of 2017.
The Rio Tinto added: "This decision reflects the constant attention of the company Rio Tinto to increase efficiency We remain fully committed to the retail diamond jewelry market of the USA In addition, we will work with our elected diamantaires to develop.. marketing initiatives in the country.
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The Rio Tinto added: "This decision reflects the constant attention of the company Rio Tinto to increase efficiency We remain fully committed to the retail diamond jewelry market of the USA In addition, we will work with our elected diamantaires to develop.. marketing initiatives in the country.
http://digg.com/u/jetjewelry
Botswana diamond sales state-owned Okavango Diamond Company (ODC) jumped by 80% last year, to $ 547 million, due to the global increase in consumer demand.
Reuters quoted Deputy Managing Director Marcus ter Haar (Marcus ter Haar), who said that the total sales volume increased by 115% to 3.44 million carats, as amended after the sales during the year.
Meanwhile, he said, although sales were "significantly higher" in the past year, the average price per carat dropped to $ 158.78, from $ 183.78 a year earlier.
"The fall of the average price per carat due to the different range of diamond sold two trading period", - said Ter Haar.
ODC was established in 2012 for the sales of the mined by Debswana diamonds.
As part of the contractual arrangements governing the sale of diamonds Debswana, the ODC originally had the right to buy and sell 12% of the total production of Debswana in 2013, and 15% by 2016.
Sales of the ODC, as expected when it was created, will be more than $ 400 million annually. Thus, the ODC has become a large-scale supplier of rough diamonds for cutting industry and the largest source of diamonds from Botswana on the market.
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Reuters quoted Deputy Managing Director Marcus ter Haar (Marcus ter Haar), who said that the total sales volume increased by 115% to 3.44 million carats, as amended after the sales during the year.
Meanwhile, he said, although sales were "significantly higher" in the past year, the average price per carat dropped to $ 158.78, from $ 183.78 a year earlier.
"The fall of the average price per carat due to the different range of diamond sold two trading period", - said Ter Haar.
ODC was established in 2012 for the sales of the mined by Debswana diamonds.
As part of the contractual arrangements governing the sale of diamonds Debswana, the ODC originally had the right to buy and sell 12% of the total production of Debswana in 2013, and 15% by 2016.
Sales of the ODC, as expected when it was created, will be more than $ 400 million annually. Thus, the ODC has become a large-scale supplier of rough diamonds for cutting industry and the largest source of diamonds from Botswana on the market.
http://digg.com/u/jetjewelry
Lucapa Diamond acquired a 70 percent stake in the company Mothae Diamonds, which owns the license for production and other assets kimberlite diamond project Motae (Mothae) in Lesotho.
Inferred reserves project diamonds make up about 1 million carats at a cost of about $ 1 billion.
"This acquisition is carried out in accordance with the stated strategy Lucapa on continued growth as a manufacturer of diamond and exploration company," - said CEO Steven Vezeroll (Stephen Wetherall) .
"Motae complement the production of diamonds from the project Lulo (Lulo) and our very promising and advanced exploration assets for the extraction of kimberlite at Lulo, as well as projects at an early stage of development - Broking (Broking) and" F Zone "Mine Orapa (Orapa)", - he added.
As part of the trial production it was found that in the presence of large Motae type IIa diamonds, including individual stones weighing up to 254 carats, and diamonds are gem quality, which are sold at a price of $ 41,500 per carat.
In November 2015 the diamond Paragon Diamonds has entered into an agreement to buy 75 percent stake in the mine at Motae diamond company Lucara Diamond Corporation for $ 8.5 million, but has not been able to find financing for the purchase.
Lucara, however, in March last year, completed the transfer of its shares Mothae enterprises and mines Motae the Government of Lesotho, which freed the company from all obligations related to the restoration project.
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Inferred reserves project diamonds make up about 1 million carats at a cost of about $ 1 billion.
"This acquisition is carried out in accordance with the stated strategy Lucapa on continued growth as a manufacturer of diamond and exploration company," - said CEO Steven Vezeroll (Stephen Wetherall) .
"Motae complement the production of diamonds from the project Lulo (Lulo) and our very promising and advanced exploration assets for the extraction of kimberlite at Lulo, as well as projects at an early stage of development - Broking (Broking) and" F Zone "Mine Orapa (Orapa)", - he added.
As part of the trial production it was found that in the presence of large Motae type IIa diamonds, including individual stones weighing up to 254 carats, and diamonds are gem quality, which are sold at a price of $ 41,500 per carat.
In November 2015 the diamond Paragon Diamonds has entered into an agreement to buy 75 percent stake in the mine at Motae diamond company Lucara Diamond Corporation for $ 8.5 million, but has not been able to find financing for the purchase.
Lucara, however, in March last year, completed the transfer of its shares Mothae enterprises and mines Motae the Government of Lesotho, which freed the company from all obligations related to the restoration project.
http://digg.com/u/jetjewelry
After a weak holiday season, Tiffany took up the reorganization of the management team in an attempt to rectify the situation with sales. Purpose - on a temporary basis - Michael Kowalski (Michael Kowalski), who is chairman of Tiffany board of directors and its former CEO, instead of Frederick Kumentalya (Frédéric Cuménal) was the last and unexpected step in the company after Reed Krakoff (Reed Krakoff) replaced Amfiteatrof Francesca (Francesca Amfitheatrof) as chief designer Tiffany three weeks ago.
In order to compensate for the decline in sales in Europe and America, which led to a drop in shares of Tiffany, the company has focused its efforts on reducing costs, offer new products and the expansion of marketing. As if that were not enough, the jeweler decided to change the face of its management team.
According to Michael Kowalski, the Board of Directors believes that the acceleration of the implementation of key business strategies Tiffany needed to compete more effectively in today's global luxury goods market and to improve the performance of the company.
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In order to compensate for the decline in sales in Europe and America, which led to a drop in shares of Tiffany, the company has focused its efforts on reducing costs, offer new products and the expansion of marketing. As if that were not enough, the jeweler decided to change the face of its management team.
According to Michael Kowalski, the Board of Directors believes that the acceleration of the implementation of key business strategies Tiffany needed to compete more effectively in today's global luxury goods market and to improve the performance of the company.
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Annual Conference on Investment in African mining (Investing in African Mining Indaba), which is considered one of the largest on the continent, meetings of representatives of mining companies, began Monday in Cape Town, South Africa.
The main theme of the conference in 2017 will be "Effective use of the next wave of growth: How can you invest in mining in Africa to extract long-term profits?".
Organizers of the event said that the discussion will be focused around the study of signs of a rebound in the mining sector, especially in categories such commodities as gold and rare earth metals.
"Governments, investors and mining companies will discuss the development of strategies for investing in African mining beyond the current mining cycle," - said the organizers.
"Currently, the market gives organizations the ability to pay close attention to the way they conduct their business and what they can do to improve the efficiency of operations, and to assess how best to invest in the mining sector, mitigating the associated risks. In addition, the company will be able to define their partnership, which will be crucial for the future of the next few years the development of mining, "- continued the conference organizers.
More than 6,000 professionals from mining companies, investment firms, governments and providers of professional services for the mining industry will attend the four-day event.
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The main theme of the conference in 2017 will be "Effective use of the next wave of growth: How can you invest in mining in Africa to extract long-term profits?".
Organizers of the event said that the discussion will be focused around the study of signs of a rebound in the mining sector, especially in categories such commodities as gold and rare earth metals.
"Governments, investors and mining companies will discuss the development of strategies for investing in African mining beyond the current mining cycle," - said the organizers.
"Currently, the market gives organizations the ability to pay close attention to the way they conduct their business and what they can do to improve the efficiency of operations, and to assess how best to invest in the mining sector, mitigating the associated risks. In addition, the company will be able to define their partnership, which will be crucial for the future of the next few years the development of mining, "- continued the conference organizers.
More than 6,000 professionals from mining companies, investment firms, governments and providers of professional services for the mining industry will attend the four-day event.
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Joint-stock company ALROSA, the largest in the world in terms of diamond mining, according to the results of sales of rough and polished diamonds in January this year.
The Group's Alrosa diamonds in January 2017 amounted to 358.2 million US dollars. Diamonds for the period were sold to 7.28 million US dollars.
Total sales the diamond production amounted to 365.4 million dollars in January 2017 the US, 60% higher than the same period last year.
"The first month of the year in line with our expectations sufficiently demonstrated strong demand for diamonds in almost all market segments. Obviously, the diamond cutting sector in India to cope with problems caused by the currency reform in the country, somewhat faster expectations. At the moment, we are inclined to maintain cautious optimism with regard to activity in small-sized, low-price segment most raw materials ", - says Yuri Okoemov, vice-president of" ALROSA ".
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The Group's Alrosa diamonds in January 2017 amounted to 358.2 million US dollars. Diamonds for the period were sold to 7.28 million US dollars.
Total sales the diamond production amounted to 365.4 million dollars in January 2017 the US, 60% higher than the same period last year.
"The first month of the year in line with our expectations sufficiently demonstrated strong demand for diamonds in almost all market segments. Obviously, the diamond cutting sector in India to cope with problems caused by the currency reform in the country, somewhat faster expectations. At the moment, we are inclined to maintain cautious optimism with regard to activity in small-sized, low-price segment most raw materials ", - says Yuri Okoemov, vice-president of" ALROSA ".
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At a seminar on financial issues, which took place yesterday in the framework of which began on Sunday the Presidential meeting WFDB (World Federation of Diamond Bourse, WFDB ) in Mumbai, discussions were held on topics related to the financial problems facing the global diamond industry, as well as discussion possible solutions to these problems, including alternative forms of credit. This was reported in a press statement released by the WFDB.
Speaking at the seminar, WFDB President Ernie Blom (Ernie Blom) said that the purpose of the meeting is to identify the reasons for the diamond industry is becoming increasingly difficult to obtain loans, as well as possible solutions that have not yet been discussed diamantaires. Blom said the release in recent years, a number of banks of the diamond industry and the difficulties faced by the diamond companies to provide credit due to the fact that some financial institutions believe that the diamond industry - a sector with a high degree of risk. It is in this situation and a seminar was organized a round table on financing the diamond industry, he said. "We simply can not allow this situation to persist and continue. The participants in our industry want action, and we as their representatives are determined to work with the aim to provide answers to their queries. Our industry depends on it. This seminar is designed to consider the reasons for the lack of funding available and to answer the question of why current solutions have not been entirely successful. "We need to find out what additional financial institutions available to us. And in this regard, what alternative methods of financing are possible and how they could bring additional liquidity in the diamond industry, which is so urgently needed. This means engaging in a dialogue of new financial institutions, which in the past were not related to the financing of the diamond. In addition, we would like to establish a regular and constant dialogue with banks and other credit institutions to develop financial solutions for the diamond industry ", - said Blom.
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Speaking at the seminar, WFDB President Ernie Blom (Ernie Blom) said that the purpose of the meeting is to identify the reasons for the diamond industry is becoming increasingly difficult to obtain loans, as well as possible solutions that have not yet been discussed diamantaires. Blom said the release in recent years, a number of banks of the diamond industry and the difficulties faced by the diamond companies to provide credit due to the fact that some financial institutions believe that the diamond industry - a sector with a high degree of risk. It is in this situation and a seminar was organized a round table on financing the diamond industry, he said. "We simply can not allow this situation to persist and continue. The participants in our industry want action, and we as their representatives are determined to work with the aim to provide answers to their queries. Our industry depends on it. This seminar is designed to consider the reasons for the lack of funding available and to answer the question of why current solutions have not been entirely successful. "We need to find out what additional financial institutions available to us. And in this regard, what alternative methods of financing are possible and how they could bring additional liquidity in the diamond industry, which is so urgently needed. This means engaging in a dialogue of new financial institutions, which in the past were not related to the financing of the diamond. In addition, we would like to establish a regular and constant dialogue with banks and other credit institutions to develop financial solutions for the diamond industry ", - said Blom.
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Gem Diamonds said that in the fourth quarter 2016 production of diamonds on her mine Letseng (Letšeng) in Lesotho was 26,438 carats, an increase of 8% from 24 388 carats in the third quarter. For the entire 2016 108 206 carats of diamonds were mined.
The company, however, said that during the reporting period is less than the large diamonds of special sizes have been found to Letseng than expected, resulting in an average price of stones fell to $ 1,444 per carat, and for the full year - up to $ 1695.7 per carat. The company's revenues from Letseng totaled $ 12.3 million for 2016.
"The market is large special diamond that is known Letseng remains stable today, but relatively small number of diamonds recovered during 2016, had a negative impact on earnings and cash flows of the company in the past year ", - said CEO Klifford Elfik (Clifford Elphick).
"With regard to the operations, all other production rates were achieved and are in line with expectations", - he added.
At the same time, Gem Diamonds said its mine Ghaghu (Ghaghoo) Botswana 12,380 carats produced during the same period, which represents an increase of 60% compared to 7720 in the previous quarter carat.
The 16,989 carats were sold during the period from this mine for a total of $ 2.4 million, and the average price was $ 142 per carat.
Elphick said that the fall in diamond prices in Botswana with Ghaghu to $ 210 per carat at the beginning of 2015 to $ 142 per carat at the last auction in December 2016 highlighted the poor state of the diamond market for this product category.
"The company will continue to focus on profit, and, as said before, the future of our operations may be revised We will decide in the first quarter of 2017 with consideration of the current financial viability.", - concluded the general director of Gem Diamonds.
Meanwhile, the company says that the general mood of the participants of the diamond market remained cautious.
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The company, however, said that during the reporting period is less than the large diamonds of special sizes have been found to Letseng than expected, resulting in an average price of stones fell to $ 1,444 per carat, and for the full year - up to $ 1695.7 per carat. The company's revenues from Letseng totaled $ 12.3 million for 2016.
"The market is large special diamond that is known Letseng remains stable today, but relatively small number of diamonds recovered during 2016, had a negative impact on earnings and cash flows of the company in the past year ", - said CEO Klifford Elfik (Clifford Elphick).
"With regard to the operations, all other production rates were achieved and are in line with expectations", - he added.
At the same time, Gem Diamonds said its mine Ghaghu (Ghaghoo) Botswana 12,380 carats produced during the same period, which represents an increase of 60% compared to 7720 in the previous quarter carat.
The 16,989 carats were sold during the period from this mine for a total of $ 2.4 million, and the average price was $ 142 per carat.
Elphick said that the fall in diamond prices in Botswana with Ghaghu to $ 210 per carat at the beginning of 2015 to $ 142 per carat at the last auction in December 2016 highlighted the poor state of the diamond market for this product category.
"The company will continue to focus on profit, and, as said before, the future of our operations may be revised We will decide in the first quarter of 2017 with consideration of the current financial viability.", - concluded the general director of Gem Diamonds.
Meanwhile, the company says that the general mood of the participants of the diamond market remained cautious.
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Botswana Diamonds announced that it has entered into an option agreement to increase its stake in the South African exploration company Vutomi Mining and Razorbill Properties.
Vutomi has a portfolio of more than 20 high-priority kimberlite, many of which are diamondiferous, in Limpopo, Free State and North West Province of South Africa.
The total area of 10 exploration concessions to companies, on which the data kimberlites, covers more than 50 000 hectares. The flagship project of Vutomi Frishgevaagt (Frischgewaagt) is located in the Limpopo province, 300 km north of Johannesburg and is located in the immediate vicinity of the mine Marsfonteyn (Marsfontein), which formerly belonged to De Beers.
Sampling program that was conducted in 2016, shows the approximate cost of the diamonds on the project in the amount of $ 180 per carat after examining 247 carats of diamonds, as well as the intersections of kimberlite.
Botswana Diamonds has agreed to pay Vutomi a total of £ 942,000 in cash, of which £ 581,000 will be used to fund exploration work.
In addition, Botswana Diamonds will release 100 million ordinary shares at a price of 0.25 pounds each for Vutomi shareholders, after which the company will own a 72% stake Vutomi.
Executive Director of the Botswana Diamonds Dzhon Tiling (John Teeling) said that the opportunity to cooperate with Vutomi is "too good" to skip it.
"With luck and good coherence, we for one year could take advantage of this exploration projects at an advanced stage of development and to develop it to the point where we will have a good idea of its financial outlook," - he continues.
"We are currently conducting exploratory drilling of the main section, and in the next quarter will get more size and content of the indicators Diamond Now we need to see if the quality is enough to have these diamonds to mine was a viable Preliminary data are encouraging.." - added Teeling.
At the same time, the director of Botswana Diamonds said that the next stage of geological exploration joint venture with ALROSA in regions Orapa (Orapa) and PIMU (Gope) will begin in March 2017.
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Vutomi has a portfolio of more than 20 high-priority kimberlite, many of which are diamondiferous, in Limpopo, Free State and North West Province of South Africa.
The total area of 10 exploration concessions to companies, on which the data kimberlites, covers more than 50 000 hectares. The flagship project of Vutomi Frishgevaagt (Frischgewaagt) is located in the Limpopo province, 300 km north of Johannesburg and is located in the immediate vicinity of the mine Marsfonteyn (Marsfontein), which formerly belonged to De Beers.
Sampling program that was conducted in 2016, shows the approximate cost of the diamonds on the project in the amount of $ 180 per carat after examining 247 carats of diamonds, as well as the intersections of kimberlite.
Botswana Diamonds has agreed to pay Vutomi a total of £ 942,000 in cash, of which £ 581,000 will be used to fund exploration work.
In addition, Botswana Diamonds will release 100 million ordinary shares at a price of 0.25 pounds each for Vutomi shareholders, after which the company will own a 72% stake Vutomi.
Executive Director of the Botswana Diamonds Dzhon Tiling (John Teeling) said that the opportunity to cooperate with Vutomi is "too good" to skip it.
"With luck and good coherence, we for one year could take advantage of this exploration projects at an advanced stage of development and to develop it to the point where we will have a good idea of its financial outlook," - he continues.
"We are currently conducting exploratory drilling of the main section, and in the next quarter will get more size and content of the indicators Diamond Now we need to see if the quality is enough to have these diamonds to mine was a viable Preliminary data are encouraging.." - added Teeling.
At the same time, the director of Botswana Diamonds said that the next stage of geological exploration joint venture with ALROSA in regions Orapa (Orapa) and PIMU (Gope) will begin in March 2017.
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At Anglo American, which owns a 85 percent stake in De Beers, said the global mining industry several healthier last year.
CEO of Anglo American Kyutifani Mark (Mark Cutifani) said at the Conference on Investment in African mining industry in South Africa, that this industry has survived in spite of the extremely negative forecasts of analysts.
"We're still here: is stronger than we were before, despite the ongoing cycles of recession and rising consumer sentiment and prices," - he said.
Kyutifani noted that, although the worst for the industry may be in the past, hard and uncertain times can be stored.
"Of course, we have not yet left the negative zone required of us a lot of work to restore the confidence of stakeholders in the global mining industry.", - he said.
"... The sharp decline in prices in 2014 and 2015, slowing growth in China, as well as the increased volatility of commodity prices, which is not necessarily dependent on the demand and supply should be considered as a new standard for the industry of mining. This is why sustainability is so important. it is necessary to be able to manage his own position and should not rely on others to help in the survival and prosperity. we need to be more compact, we need to be hungry, and we have to keep time ivatsya faster than our competitors, "- concluded Kyutifani.
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CEO of Anglo American Kyutifani Mark (Mark Cutifani) said at the Conference on Investment in African mining industry in South Africa, that this industry has survived in spite of the extremely negative forecasts of analysts.
"We're still here: is stronger than we were before, despite the ongoing cycles of recession and rising consumer sentiment and prices," - he said.
Kyutifani noted that, although the worst for the industry may be in the past, hard and uncertain times can be stored.
"Of course, we have not yet left the negative zone required of us a lot of work to restore the confidence of stakeholders in the global mining industry.", - he said.
"... The sharp decline in prices in 2014 and 2015, slowing growth in China, as well as the increased volatility of commodity prices, which is not necessarily dependent on the demand and supply should be considered as a new standard for the industry of mining. This is why sustainability is so important. it is necessary to be able to manage his own position and should not rely on others to help in the survival and prosperity. we need to be more compact, we need to be hungry, and we have to keep time ivatsya faster than our competitors, "- concluded Kyutifani.
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Finland's Karelian Diamond Resources plc ( "Karelian" ) announced that it has received from the Geological Survey of Finland, the results of analysis of samples sent to her. The diamond was discovered in one of the seven samples taken in the region Kuhmo (Kuhmo) in the east of Finland.
Diamond is a transparent pale green dodecahedron dimensions 0.7 x 0.7 x 0.75 mm. This discovery is significant also because a high concentration of kimberlite indicator minerals found in the region provides a convincing reason to assume the presence here of diamondiferous kimberlite.
The samples will be subjected to further analysis.
"The fact that we find a diamond is a very rare occurrence, and this news makes me very excited about the potential of the region and the opening of the stone source," - said the professor, chairman of the board of directors of Karelian Diamond Richard Conroy (Richard Conroy).
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Diamond is a transparent pale green dodecahedron dimensions 0.7 x 0.7 x 0.75 mm. This discovery is significant also because a high concentration of kimberlite indicator minerals found in the region provides a convincing reason to assume the presence here of diamondiferous kimberlite.
The samples will be subjected to further analysis.
"The fact that we find a diamond is a very rare occurrence, and this news makes me very excited about the potential of the region and the opening of the stone source," - said the professor, chairman of the board of directors of Karelian Diamond Richard Conroy (Richard Conroy).
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Ahmed Bin Sulayem (Ahmed Bin Sulayem), the chairman of the Kimberley Process in 2016, gave a speech on the draft resolution entitled "The role of diamonds in fueling conflict" at the 69th plenary meeting and the 71 th session of the UN General Assembly, February 2, 2017, according to the statement of the organization to the press.
UAE presented a resolution entitled "The role of diamonds in fueling conflict" (The Role of Diamonds in Fueling Conflict). It includes the important decisions of the Kimberley Process, which were adopted by consensus during their stay in the United Arab Emirates as the chairman of the KP in 2016.
The resolution, developed in collaboration with 41 countries and adopted by the UN, it is noted that at its plenary session of KP took note of the UAE proposal to develop a methodology to evaluate rough diamonds and considered it appropriate proposal for the creation of the Permanent Secretariat of the KP to the UN and a trust fund collection for financing civil society. This work will continue under the leadership of Australia, which assumes the role of chairman of the KP in 2017.
Speaking at the United Nations General Assembly, the chairman of the CP from the UAE Ahmed Bin Sulayem said: "During his presidency, I was proud to represent the officials who regulate the diamond trade in the producing countries of rough stones My trip to Central African Republic, which was excluded from the Kimberley. process was particularly important in the case assist the country in meeting the requirements of the Kimberley process, this has been made possible thanks to resumed s diamond exports from the new areas of the country, consistent with the rules of the organization. "
Ahmed Bin Sulayem highlighted three specific proposals that have been made in the UAE as chairman in 2016, which is also reflected in the resolution.
"Firstly, I am pleased that the UAE proposal to establish a permanent secretariat welcomed and was included in the draft resolution. Secondly, the draft resolution welcomes the readiness of the Kimberley Process to continue to discuss the proposal of UAE establish a trust fund for civil society or similar mechanisms, that will . provide financial support Thirdly, during our presidency, we have initiated a series of workshops to develop a common methodology for rough assessment ", - he added.
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UAE presented a resolution entitled "The role of diamonds in fueling conflict" (The Role of Diamonds in Fueling Conflict). It includes the important decisions of the Kimberley Process, which were adopted by consensus during their stay in the United Arab Emirates as the chairman of the KP in 2016.
The resolution, developed in collaboration with 41 countries and adopted by the UN, it is noted that at its plenary session of KP took note of the UAE proposal to develop a methodology to evaluate rough diamonds and considered it appropriate proposal for the creation of the Permanent Secretariat of the KP to the UN and a trust fund collection for financing civil society. This work will continue under the leadership of Australia, which assumes the role of chairman of the KP in 2017.
Speaking at the United Nations General Assembly, the chairman of the CP from the UAE Ahmed Bin Sulayem said: "During his presidency, I was proud to represent the officials who regulate the diamond trade in the producing countries of rough stones My trip to Central African Republic, which was excluded from the Kimberley. process was particularly important in the case assist the country in meeting the requirements of the Kimberley process, this has been made possible thanks to resumed s diamond exports from the new areas of the country, consistent with the rules of the organization. "
Ahmed Bin Sulayem highlighted three specific proposals that have been made in the UAE as chairman in 2016, which is also reflected in the resolution.
"Firstly, I am pleased that the UAE proposal to establish a permanent secretariat welcomed and was included in the draft resolution. Secondly, the draft resolution welcomes the readiness of the Kimberley Process to continue to discuss the proposal of UAE establish a trust fund for civil society or similar mechanisms, that will . provide financial support Thirdly, during our presidency, we have initiated a series of workshops to develop a common methodology for rough assessment ", - he added.
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The Council for Responsible Jewelry practice (Responsible Jewellery Council, RJC) announced that it will hold its annual general meeting in Germany on 11 May. The meeting of members of RJC and meetings with various stakeholders jewelry sector parties will be held in the city of Pforzheim, which is the center of the German watch and jewelery industry.
RJC will hold its general meeting on Thursday, May 11th exclusively with the participation of members of the organization. After RJC annual meeting organizes day sessions with the full participation of stakeholders and members of the jewelry industry.
In 2017, the city of Pforzheim marks the 250th anniversary of its jewelery and watch industry, and no wonder he is nicknamed "The Golden City". RJC members will be able to join the celebration of the anniversary on 12 May.
RJC previously held a number of events in Mumbai and at the exhibition JCK Las Vegas, and now he returns to Europe in 2017.
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RJC will hold its general meeting on Thursday, May 11th exclusively with the participation of members of the organization. After RJC annual meeting organizes day sessions with the full participation of stakeholders and members of the jewelry industry.
In 2017, the city of Pforzheim marks the 250th anniversary of its jewelery and watch industry, and no wonder he is nicknamed "The Golden City". RJC members will be able to join the celebration of the anniversary on 12 May.
RJC previously held a number of events in Mumbai and at the exhibition JCK Las Vegas, and now he returns to Europe in 2017.
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Zimbabwe plans to produce 500 000 carats of diamonds per month in the Marange region (Marange) by the end of 2017, said Minister of Mines Chidakva Walter (Walter Chidhakwa).
According to the minister to Rough & Polished on the sidelines of the mining conference in Cape Town, Zimbabwe Consolidated Diamond Company (ZCDC) struggles to increase the availability of their equipment from the current 35% to 85%.
This, he said, will help to increase production.
"Since the beginning of January, we are discussing the desire to achieve a production volume of 500 000 carats per month", - he said.
"... If we can increase the system availability to [85%], and then update the resource base to the expected volumes, by the middle of the year we should get about 300 000 - 400 000 carats per month by the end of the year - and 500 000 ", - added the Minister.
Diamond mining in Marange was falling since the beginning of last year, due to the forced consolidation of mining companies.
ZCDC produced about 900,000 carats last year against the earlier peak of about 12 million carats per year.
http://www.feedlisting.com/rss-feed-url/898225.html
According to the minister to Rough & Polished on the sidelines of the mining conference in Cape Town, Zimbabwe Consolidated Diamond Company (ZCDC) struggles to increase the availability of their equipment from the current 35% to 85%.
This, he said, will help to increase production.
"Since the beginning of January, we are discussing the desire to achieve a production volume of 500 000 carats per month", - he said.
"... If we can increase the system availability to [85%], and then update the resource base to the expected volumes, by the middle of the year we should get about 300 000 - 400 000 carats per month by the end of the year - and 500 000 ", - added the Minister.
Diamond mining in Marange was falling since the beginning of last year, due to the forced consolidation of mining companies.
ZCDC produced about 900,000 carats last year against the earlier peak of about 12 million carats per year.
http://www.feedlisting.com/rss-feed-url/898225.html
Holiday sales Chow Tai Fook during the Chinese New Year holiday period and in mainland China surpassed trade performance in Hong Kong. Revenue from retail operations in mainland China jumped by 4% in the period from 14 January to 3 February, which covers the two weeks before the New Year festival and the first 7 days of the New Year according to the lunar calendar. In this case, comparable store sales increased by 1%, as reported by Rapaport.
Sales of jewelry with precious stones on the mainland fell 20%, as Valentine's Day was not included in the holiday period this year, explained to the Chow Tai Fook. General income of the company in the mainland still rose as high gold sales outweighed weak performance segment jewelry with precious stones.
In contrast, the total retail sales in Hong Kong and Macao fell by 11% and same-store sales decreased by 7%, while sales of jewelery with precious stones collapsed immediately by 37%.
"Indicators of comparable sales of jewelry with precious stones hit on the fall of the average price of products sold in Hong Kong and Macau in the same period last year there was an increasing number of large transactions." - say in the company.
The results reflect data Chow Tai Fook in the period from October to December 2016, during which the volume of retail sales in mainland China rose by 7%, while revenue in Hong Kong and Macao fell by 6%.
http://www.feedlisting.com/rss-feed-url/898224.html
Sales of jewelry with precious stones on the mainland fell 20%, as Valentine's Day was not included in the holiday period this year, explained to the Chow Tai Fook. General income of the company in the mainland still rose as high gold sales outweighed weak performance segment jewelry with precious stones.
In contrast, the total retail sales in Hong Kong and Macao fell by 11% and same-store sales decreased by 7%, while sales of jewelery with precious stones collapsed immediately by 37%.
"Indicators of comparable sales of jewelry with precious stones hit on the fall of the average price of products sold in Hong Kong and Macau in the same period last year there was an increasing number of large transactions." - say in the company.
The results reflect data Chow Tai Fook in the period from October to December 2016, during which the volume of retail sales in mainland China rose by 7%, while revenue in Hong Kong and Macao fell by 6%.
http://www.feedlisting.com/rss-feed-url/898224.html
The number of jewelry companies operating in the US, fell by 6% in 2016, with more than 1,000 retailers have closed or merged with competitors.
Trade jewelry Commission (Jewelers Board of Trade, JBT) US calculates the number of its members annually. Last year the number fell to 26 725.
The number of companies that have ceased operations, which means that their closure was not due to the financial collapse or merger, jumped by 63%, to 1518 during 2016. Cases of consolidation, including mergers and acquisitions, increased by 3.5% to 118. At the same time, only 33 bankruptcy jewelry companies occurred in the US during the year, which is 15% lower compared to 2015.
As for the sub-sector for the production of jewelry jewelry trade, he showed the most significant drop. The number of private companies has grown in it immediately more than doubled, from 59 in 2015 to 150 in 2016. Meanwhile, the closure of the wholesale jewelry companies increased by 85%, to 250, while the number stopped their activity jewelry retailers increased by 43% to 1269, according to JBT.
http://www.feedlisting.com/rss-feed-url/898222.html
Trade jewelry Commission (Jewelers Board of Trade, JBT) US calculates the number of its members annually. Last year the number fell to 26 725.
The number of companies that have ceased operations, which means that their closure was not due to the financial collapse or merger, jumped by 63%, to 1518 during 2016. Cases of consolidation, including mergers and acquisitions, increased by 3.5% to 118. At the same time, only 33 bankruptcy jewelry companies occurred in the US during the year, which is 15% lower compared to 2015.
As for the sub-sector for the production of jewelry jewelry trade, he showed the most significant drop. The number of private companies has grown in it immediately more than doubled, from 59 in 2015 to 150 in 2016. Meanwhile, the closure of the wholesale jewelry companies increased by 85%, to 250, while the number stopped their activity jewelry retailers increased by 43% to 1269, according to JBT.
http://www.feedlisting.com/rss-feed-url/898222.html
Global demand for gold has increased by 2% in 2016 and reached 4309 tonnes, the highest level since 2013, according to a recent report by the World Gold Council (World Gold Council, WGC) on demand trends.
This growth was largely due to inflows into gold ETFs (Exchange Traded Funds, ETF), which amounted to 532 tons, which is the second highest value on record. Thus, investors reacted to concerns about the future of monetary policy, geopolitical uncertainty and negative interest rates in the various regions of the world. On this background the investment demand for gold jumped 70% to a four-year high in 1561 tons.
Alister Hyuitt (Alistair Hewitt), Head of Research at the WGC, said: "In 2016 we have seen an unprecedented degree of political uncertainty, which has led to huge investments in gold by institutional investors Retail investors, who for most of the year were not particularly active. quickly responded to the fall in prices in the fourth quarter, which is reflected in the jump in demand for physical gold market. We expect that investment demand for gold will remain high on the background of Neoprene delonnosti, which is likely to continue in 2017. "
While overall demand for gold from investors has increased dramatically, the consumption of gold jewelry dropped sharply, falling by 15% in 2016 to 2042 tonnes. Purchases by central banks also declined. Central banks are faced with a difficult situation, and the pressure on their foreign exchange reserves led to a drop of gold consumption by 33% last year to 384 tons. Despite this, in 2016 for the seventh consecutive year, the banks collectively bought, not sold gold.
Despite the strong consumer demand for gold in the fourth quarter of 2016, the two leading market for gold - India and China - experienced a drop in consumption in the last year, respectively, 21% and 7%. In China, demand for jewelry was lower due to high gold prices for most of the year, combined with a limited supply in the fourth quarter due to the tightening of exchange control in the country.
http://www.feedlisting.com/rss-feed-url/898220.html
This growth was largely due to inflows into gold ETFs (Exchange Traded Funds, ETF), which amounted to 532 tons, which is the second highest value on record. Thus, investors reacted to concerns about the future of monetary policy, geopolitical uncertainty and negative interest rates in the various regions of the world. On this background the investment demand for gold jumped 70% to a four-year high in 1561 tons.
Alister Hyuitt (Alistair Hewitt), Head of Research at the WGC, said: "In 2016 we have seen an unprecedented degree of political uncertainty, which has led to huge investments in gold by institutional investors Retail investors, who for most of the year were not particularly active. quickly responded to the fall in prices in the fourth quarter, which is reflected in the jump in demand for physical gold market. We expect that investment demand for gold will remain high on the background of Neoprene delonnosti, which is likely to continue in 2017. "
While overall demand for gold from investors has increased dramatically, the consumption of gold jewelry dropped sharply, falling by 15% in 2016 to 2042 tonnes. Purchases by central banks also declined. Central banks are faced with a difficult situation, and the pressure on their foreign exchange reserves led to a drop of gold consumption by 33% last year to 384 tons. Despite this, in 2016 for the seventh consecutive year, the banks collectively bought, not sold gold.
Despite the strong consumer demand for gold in the fourth quarter of 2016, the two leading market for gold - India and China - experienced a drop in consumption in the last year, respectively, 21% and 7%. In China, demand for jewelry was lower due to high gold prices for most of the year, combined with a limited supply in the fourth quarter due to the tightening of exchange control in the country.
http://www.feedlisting.com/rss-feed-url/898220.html
Dominion Diamond Corporation announced that Brendan Bell (Brendan Bell) will leave the post of CEO and Board of Directors member.
Bell agreed to continue working in his current position until June 30, 2017, which will resolve the issue of his replacement, ensuring a smooth transition in the management of the company.
Committee at the Personnel and Corporate Governance Board of Directors has already started the process of finding potential candidates for the post of general director of the company, previously engaged by Korn Ferry (Korn Ferry).
"And the board and I agree that this is the right time for me to hand over the reins. The decision to move the Dominion corporate offices from Yellowknife to Calgary, it was necessary to reduce operating costs and maintain the financial strength in the long term, I continue to support. However, on a personal level such a move does not correspond to the interests of my family. For me it was a pleasure to work with the senior management team of the company and I will continue to do so until it is determined by the receiver ", - said Bell.
Dominion Diamond Corporation - the third-largest diamond producer by value. Both production assets are located in the Northwest Territories of Canada, which are the low political risk environment.
The company owns the Ekati diamond mine (Ekati) and 40% of the Diavik Diamond Mine (Diavik). Dominion supplies the world market of rough diamonds premium by operations of sorting and selling in Canada, Belgium and India
http://www.feedlisting.com/rss-feed-url/898219.html
Bell agreed to continue working in his current position until June 30, 2017, which will resolve the issue of his replacement, ensuring a smooth transition in the management of the company.
Committee at the Personnel and Corporate Governance Board of Directors has already started the process of finding potential candidates for the post of general director of the company, previously engaged by Korn Ferry (Korn Ferry).
"And the board and I agree that this is the right time for me to hand over the reins. The decision to move the Dominion corporate offices from Yellowknife to Calgary, it was necessary to reduce operating costs and maintain the financial strength in the long term, I continue to support. However, on a personal level such a move does not correspond to the interests of my family. For me it was a pleasure to work with the senior management team of the company and I will continue to do so until it is determined by the receiver ", - said Bell.
Dominion Diamond Corporation - the third-largest diamond producer by value. Both production assets are located in the Northwest Territories of Canada, which are the low political risk environment.
The company owns the Ekati diamond mine (Ekati) and 40% of the Diavik Diamond Mine (Diavik). Dominion supplies the world market of rough diamonds premium by operations of sorting and selling in Canada, Belgium and India
http://www.feedlisting.com/rss-feed-url/898219.html
A senior official of the South African government announced that next month will be published the revised Charter mining (Mining Charter), which is aimed at eliminating racial and economic disparities in the country.
The Charter was first introduced in 2002 to increase ownership of South Africa's black population in the mining industry, and revised in 2010 as part of a consultative approach to the new rules.
This Charter requires companies to provide housing and other amenities in the community working mines. Meanwhile, the company's negative view of the new statute on the background of lower commodity prices.
"Revision of the Charter of the mining operations will be completed in March ... we conducted extensive consultations with stakeholders", - said the Minister of Mineral Resources of the Republic of South Africa Mosebenzi Dzhozef Zvane (Mosebenzi Joseph Zwane) in a speech at a conference in Cape Town.
"We encourage investors to come to South Africa and honestly engage our people in its activities, as we move towards the transformation of our economy", - the minister added.
Mining Chamber of South Africa has since filed a lawsuit against the government over the interpretation of the Charter of the property in the latter. It requires mining companies to bring the proportion of the black population of ownership up to 26%, even if the black citizens get rid of their assets one way or another.
The head of the African Division of the audit company Deloitte Endryu Leyn (Andrew Lane) said that mining companies have not yet seen the reflection of its own contribution to the Charter.
He also said that despite the words of the Minister of the Government's commitment to beneficiation, the authorities need to clearly identify the need to address this issue, the mining industry is not alone, and the joint efforts of a wide range of stakeholders.
Mining and quarrying is about 7% of the South African economy.
http://www.feedage.com/feeds/23910346/pearl-jewelry-pearl-necklace
The Charter was first introduced in 2002 to increase ownership of South Africa's black population in the mining industry, and revised in 2010 as part of a consultative approach to the new rules.
This Charter requires companies to provide housing and other amenities in the community working mines. Meanwhile, the company's negative view of the new statute on the background of lower commodity prices.
"Revision of the Charter of the mining operations will be completed in March ... we conducted extensive consultations with stakeholders", - said the Minister of Mineral Resources of the Republic of South Africa Mosebenzi Dzhozef Zvane (Mosebenzi Joseph Zwane) in a speech at a conference in Cape Town.
"We encourage investors to come to South Africa and honestly engage our people in its activities, as we move towards the transformation of our economy", - the minister added.
Mining Chamber of South Africa has since filed a lawsuit against the government over the interpretation of the Charter of the property in the latter. It requires mining companies to bring the proportion of the black population of ownership up to 26%, even if the black citizens get rid of their assets one way or another.
The head of the African Division of the audit company Deloitte Endryu Leyn (Andrew Lane) said that mining companies have not yet seen the reflection of its own contribution to the Charter.
He also said that despite the words of the Minister of the Government's commitment to beneficiation, the authorities need to clearly identify the need to address this issue, the mining industry is not alone, and the joint efforts of a wide range of stakeholders.
Mining and quarrying is about 7% of the South African economy.
http://www.feedage.com/feeds/23910346/pearl-jewelry-pearl-necklace
Dominion Diamond Corporation announced that the percentage of its equity participation in the joint venture Buffer Zone Joint Venture at the Ekati diamond mine (Ekati) from February 1, 2017 increased from 65.3% to 72.0%, in accordance with the agreement on this joint venture.
Increase of ownership solution is a result of a minority partner does not participate fully in the capital program for the fiscal year 2017 Buffer Zone Joint Venture. The Company financed the components of those programs that are not funded by a minority partner.
Buffer Zone Joint Venture 106 includes extracting leases to 89,184 hectares and kimberlite pipes Jay (Jay) and Lynx (Lynx). July 6, 2016 Dominion has published the results of a positive feasibility study on the project of Jay.
Mine Ekati includes two joint venture - Core Zone Joint Venture and Buffer Zone Joint Venture, in which the proportion Dominion is 88.9% and 72.0%, respectively.
The source of all production in fiscal year 2017 were Buffer Zone Joint Venture.
http://www.feedage.com/feeds/23910345/royal-pearl-jewelry-celebrities-pearl-jewelry-fashion
Increase of ownership solution is a result of a minority partner does not participate fully in the capital program for the fiscal year 2017 Buffer Zone Joint Venture. The Company financed the components of those programs that are not funded by a minority partner.
Buffer Zone Joint Venture 106 includes extracting leases to 89,184 hectares and kimberlite pipes Jay (Jay) and Lynx (Lynx). July 6, 2016 Dominion has published the results of a positive feasibility study on the project of Jay.
Mine Ekati includes two joint venture - Core Zone Joint Venture and Buffer Zone Joint Venture, in which the proportion Dominion is 88.9% and 72.0%, respectively.
The source of all production in fiscal year 2017 were Buffer Zone Joint Venture.
http://www.feedage.com/feeds/23910345/royal-pearl-jewelry-celebrities-pearl-jewelry-fashion
Proceeds from the sale of diamonds Rio Tinto fell 12% last year, and the volume of sales fell to $ 613 million despite the strong global demand for diamonds.
Earnings before interest, taxes, depreciation and amortization (EBITDA) decreased by 18% to $ 239 million, while net profit fell 41% to $ 47 million, the company said in a press statement.
Report a decrease in sales of diamonds Rio Tinto came as a surprise, since the messages of other miners say an increase in sales. De Beers's revenue jumped by about 36% in 2016, while sales of ALROSA increased by 26%.
"In general, demand for rough diamonds in 2016 recovered from the cyclical downturn in the previous year, but varied considerably by product segments", - reported in Rio.
Diamond mining companies increased by 4% to 18 million carats last year. In 2017, the forecast for the production of rough diamonds Rio Tinto is 19 - 24 million carats.
Rio Tinto owns a diamond mine Argyle (Argyle) in Australia, which is known for it is produced from fancy pink diamonds and a large amount of stones of lower quality. In addition, the company has a 60 percent stake in the Diavik mine (Diavik) in Canada, in partnership with the Dominion Diamond Corporation.
http://www.feedage.com/feeds/23910359/royal-pearl-jewelry-celebrities-pearl-jewelry-fashion
Earnings before interest, taxes, depreciation and amortization (EBITDA) decreased by 18% to $ 239 million, while net profit fell 41% to $ 47 million, the company said in a press statement.
Report a decrease in sales of diamonds Rio Tinto came as a surprise, since the messages of other miners say an increase in sales. De Beers's revenue jumped by about 36% in 2016, while sales of ALROSA increased by 26%.
"In general, demand for rough diamonds in 2016 recovered from the cyclical downturn in the previous year, but varied considerably by product segments", - reported in Rio.
Diamond mining companies increased by 4% to 18 million carats last year. In 2017, the forecast for the production of rough diamonds Rio Tinto is 19 - 24 million carats.
Rio Tinto owns a diamond mine Argyle (Argyle) in Australia, which is known for it is produced from fancy pink diamonds and a large amount of stones of lower quality. In addition, the company has a 60 percent stake in the Diavik mine (Diavik) in Canada, in partnership with the Dominion Diamond Corporation.
http://www.feedage.com/feeds/23910359/royal-pearl-jewelry-celebrities-pearl-jewelry-fashion
WFDB (World Federation of Diamond Bourses, WFDB ) will create a task force of finance to monitor the issues discussed at the seminar financially during the presidential meeting in 2017 in Mumbai. On Wednesday said Ernie Blom, president of the WFDB, at a press conference in the Indian Diamond Exchange (Bharat Diamond Bourse, BDB) after the meeting.
Ernie Blom, president of the WFDB in this regard, said: "We had some very frank and productive discussions that cover a large part of the topic. We are determined to show the banks that look at the diamond industry as a high-risk sector is incorrect. We intend to achieve full compliance with the rules on anti-money laundering, and to promote the concept of "Know your customer" so that members of the industry and the banks to understand what is required of each of the parties. "
President of the Indian Diamond Bourse Anoop Mehta (Anoop Mehta) for his part said: "We continue to provide assistance to our members so that they could meet the requirements. We do not allow to carry out transactions involving cash. BDB appointed Chartered Accountants to provide free advice to all our members to help them become more organized and meet the banking rules. The key word in all of this is transparency, and we are doing everything possible to achieve this state of affairs. "
http://www.feedage.com/feeds/23910357/wedding-pearl-jewelry-bridal-pearl-necklace
Ernie Blom, president of the WFDB in this regard, said: "We had some very frank and productive discussions that cover a large part of the topic. We are determined to show the banks that look at the diamond industry as a high-risk sector is incorrect. We intend to achieve full compliance with the rules on anti-money laundering, and to promote the concept of "Know your customer" so that members of the industry and the banks to understand what is required of each of the parties. "
President of the Indian Diamond Bourse Anoop Mehta (Anoop Mehta) for his part said: "We continue to provide assistance to our members so that they could meet the requirements. We do not allow to carry out transactions involving cash. BDB appointed Chartered Accountants to provide free advice to all our members to help them become more organized and meet the banking rules. The key word in all of this is transparency, and we are doing everything possible to achieve this state of affairs. "
http://www.feedage.com/feeds/23910357/wedding-pearl-jewelry-bridal-pearl-necklace
Foundation "Initiative of the diamond industry» (Diamond Development Initiative, DDI) - an organization dedicated to the problems of the traditional diamond mining sector, announced an jewelry retailer Brilliant Earth grant in support of meeting the real needs of the artisanal miners in Sierra Leone.
The financial contribution is aimed at supporting learning technology valuation of diamond miners involved in diamond certification system Maendeleo standards (The Maendeleo Diamond Standards Certification System) , as well as to ensure their commitment to improve their life chances through training.
"We want to have an understanding of the miners are not based solely on the amount of carats. With this project and thanks to the support of Brilliant Earth, we will create a body of knowledge related to the value of the diamond, which will be available to assist the miners to sell their diamonds, "- said in this connection, Dorothée Gizenga (Dorothée Gizenga), executive director of DDI.
According to her, the appropriate trade qualification diggers can also stimulate economic growth and slow the process of migration to the cities. "Through this grant program of study will be introduced in the two miners' communities to support the training of 10 miners in the local training institutions, which organized training courses for plumbers, carpenters, tailors and hairdressers," - she said.
"Our mission is to improve the lives of the miners and to foster a more ethical and responsive jewelry industry. It is our responsibility to ensure that the people who mined diamonds, were able to improve their social and economic conditions. We are proud to support the work of DDI », - said, for its part, Beth Gerstein (Beth Gerstein), co-founder and CEO of Brilliant Earth.
http://www.feedage.com/feeds/23910343/wedding-pearl-jewelry-bridal-pearl-necklace
The financial contribution is aimed at supporting learning technology valuation of diamond miners involved in diamond certification system Maendeleo standards (The Maendeleo Diamond Standards Certification System) , as well as to ensure their commitment to improve their life chances through training.
"We want to have an understanding of the miners are not based solely on the amount of carats. With this project and thanks to the support of Brilliant Earth, we will create a body of knowledge related to the value of the diamond, which will be available to assist the miners to sell their diamonds, "- said in this connection, Dorothée Gizenga (Dorothée Gizenga), executive director of DDI.
According to her, the appropriate trade qualification diggers can also stimulate economic growth and slow the process of migration to the cities. "Through this grant program of study will be introduced in the two miners' communities to support the training of 10 miners in the local training institutions, which organized training courses for plumbers, carpenters, tailors and hairdressers," - she said.
"Our mission is to improve the lives of the miners and to foster a more ethical and responsive jewelry industry. It is our responsibility to ensure that the people who mined diamonds, were able to improve their social and economic conditions. We are proud to support the work of DDI », - said, for its part, Beth Gerstein (Beth Gerstein), co-founder and CEO of Brilliant Earth.
http://www.feedage.com/feeds/23910343/wedding-pearl-jewelry-bridal-pearl-necklace
De Beers Group Unit sales of diamond jewelry retail is considering to abandon its flagship store in London because of the significantly higher rents and property taxes.
The company says that the significantly higher costs of rent led to the study of alternative options for the location on Old Bond Street.
The UK government plans to hold a sharp change in the business tax system from April. Against this background, a number of retail businesses in central London may be faced with an increase in the average of 50% of the costs.
At the same time rental rates for Old Bond Street rose sharply. De Beers moved to premises on Bond Street, when rates were around £ 400 per square foot area of the store, but then they went up to £ 2225 per square foot. However, while De Beers has decided to retain the store.
De Beers said it is constantly reviewing the location of its stores around the world, and noted that it had recently moved its flagship store in New York on Madison Avenue. The company said it plans to change its New York store in such a way that it is less than London.
http://www.feedage.com/feeds/23910361/classic-pearl-jewelry-tradition-pearl-necklace
The company says that the significantly higher costs of rent led to the study of alternative options for the location on Old Bond Street.
The UK government plans to hold a sharp change in the business tax system from April. Against this background, a number of retail businesses in central London may be faced with an increase in the average of 50% of the costs.
At the same time rental rates for Old Bond Street rose sharply. De Beers moved to premises on Bond Street, when rates were around £ 400 per square foot area of the store, but then they went up to £ 2225 per square foot. However, while De Beers has decided to retain the store.
De Beers said it is constantly reviewing the location of its stores around the world, and noted that it had recently moved its flagship store in New York on Madison Avenue. The company said it plans to change its New York store in such a way that it is less than London.
http://www.feedage.com/feeds/23910361/classic-pearl-jewelry-tradition-pearl-necklace
Rio Tinto has decided to transfer the diamond project Bander (Bunder) India as a gift to the state government of Madhya Pradesh after a comprehensive review of the mine's development strategy, the group said in a statement to the press companies.
In August 2016 Rio Tinto announced that it will not continue to develop Bandar due to commercial considerations, and will roll because the entire project infrastructure. By the authorities of the Indian state, signed in January 2017, the responsibility for the Bunder project rests on the government of Madhya Pradesh.
Assets and related their infrastructure, which was handed over to the government includes all areas of the project, the company, equipment and vehicles at Bander. The list will also include a diamond samples obtained during exploration. Such an approach will help the government to begin the process of auction rights to develop Bander.
General manager of Rio Tinto diamond mining and copper Arno Suara (Arnaud Soirat) said: "The end of our work on the project Bander is the most recent example of the optimization of Rio Tinto's assets portfolio This simplifies our business and allows us to focus on our core portfolio of world-class.. we believe in the value and quality of the project Bander and will support its further development, and the best way to achieve this -. to transfer its assets to the Government of Madhya Pradesh Rio Tinto has a long and strong relations with India, and we continue to read it an important market for our metals and minerals, as well as key business service center of our company. "
Rio Tinto remains committed to the diamond business and the Indian diamond industry, while continuing to develop two major projects - Argyle (Argyle) in Australia and Diavik (Diavik) in Canada. Also, the company has a strong partnership with the Indian diamond industry, and more than 250,000 cutters in the country use the diamonds mined Rio Tinto.
http://www.feedage.com/feeds/23910349/classic-pearl-jewelry-tradition-pearl-necklace
In August 2016 Rio Tinto announced that it will not continue to develop Bandar due to commercial considerations, and will roll because the entire project infrastructure. By the authorities of the Indian state, signed in January 2017, the responsibility for the Bunder project rests on the government of Madhya Pradesh.
Assets and related their infrastructure, which was handed over to the government includes all areas of the project, the company, equipment and vehicles at Bander. The list will also include a diamond samples obtained during exploration. Such an approach will help the government to begin the process of auction rights to develop Bander.
General manager of Rio Tinto diamond mining and copper Arno Suara (Arnaud Soirat) said: "The end of our work on the project Bander is the most recent example of the optimization of Rio Tinto's assets portfolio This simplifies our business and allows us to focus on our core portfolio of world-class.. we believe in the value and quality of the project Bander and will support its further development, and the best way to achieve this -. to transfer its assets to the Government of Madhya Pradesh Rio Tinto has a long and strong relations with India, and we continue to read it an important market for our metals and minerals, as well as key business service center of our company. "
Rio Tinto remains committed to the diamond business and the Indian diamond industry, while continuing to develop two major projects - Argyle (Argyle) in Australia and Diavik (Diavik) in Canada. Also, the company has a strong partnership with the Indian diamond industry, and more than 250,000 cutters in the country use the diamonds mined Rio Tinto.
http://www.feedage.com/feeds/23910349/classic-pearl-jewelry-tradition-pearl-necklace
An exact copy of the Great Imperial Crown of the Russian Empire will be exhibited from 13 to 14 February 2017 at the Sixth International Diamond Week (IDWI) in Israel.
Crown, which originally was used at the coronation of all Russian monarchs, starting with Catherine the Great, will be brought to Israel under the auspices of the Russian diamond mining company Alrosa.
The crown contains 11,352 diamond weighing 1,180 carats. All the stones are made of raw materials mined by ALROSA and product cost is estimated at $ 20 million. The crown was created Smolensk "Crystal", Russia's leading diamond cutting now, in honor of the 250th anniversary of the crown.
In addition, Alrosa IDWI show particularly large and unusual polished and rough stones weighing from 10 to 199 carats, and some of them will be included in the company's requirements.
ALROSA President Andrew Zharkov will be the guest of honor IDWI and open a new international tender center of the Israel Diamond Exchange (Israel Diamond Exchange, IDE).
A replica of the crown, which has been shown in various exhibitions throughout Russia, has become the central attraction of the exhibition dedicated to Catherine the Great, in the Amsterdam Hermitage on the Amstel with June 2016 on January 2017. She watched 400,000 people since its inception in 2012.
http://www.feedage.com/feeds/23910356/pearl-jewelry-pearl-necklace
Crown, which originally was used at the coronation of all Russian monarchs, starting with Catherine the Great, will be brought to Israel under the auspices of the Russian diamond mining company Alrosa.
The crown contains 11,352 diamond weighing 1,180 carats. All the stones are made of raw materials mined by ALROSA and product cost is estimated at $ 20 million. The crown was created Smolensk "Crystal", Russia's leading diamond cutting now, in honor of the 250th anniversary of the crown.
In addition, Alrosa IDWI show particularly large and unusual polished and rough stones weighing from 10 to 199 carats, and some of them will be included in the company's requirements.
ALROSA President Andrew Zharkov will be the guest of honor IDWI and open a new international tender center of the Israel Diamond Exchange (Israel Diamond Exchange, IDE).
A replica of the crown, which has been shown in various exhibitions throughout Russia, has become the central attraction of the exhibition dedicated to Catherine the Great, in the Amsterdam Hermitage on the Amstel with June 2016 on January 2017. She watched 400,000 people since its inception in 2012.
http://www.feedage.com/feeds/23910356/pearl-jewelry-pearl-necklace
Democratic Republic of Congo (DRC) in 2016 produced 13.5 million carats, compared with 15.8 million carats a year earlier.
Data submitted by the Center for examination, assessment and certification of the country (Centre for Expertise, Appraisal and Certificate , CEEC) at a mining conference in Cape Town found that the production volume last year was the lowest since 2007, when the country was again allowed to export diamonds according to the rules of the Kimberley process.
The highest volume of diamond mining in the DRC accounted for in 2007, when it amounted to 28.2 million carats, while in 2008 it reached only 21.3 million carats despite the global economic downturn, which was reflected in the diamond industry.
CEEC data also showed that the diamonds brought $ 212.5 million of the DRC in 2016 versus $ 230 million a year earlier.
DRC is the third largest producer in the world by volume of diamond and provides about 13% of world production, including industrial diamonds.
Nevertheless, the quality of the diamonds is very low in the country since the diamond industry is composed mainly of small-scale miners.
It is believed that the large-scale extraction of diamonds from alluvial deposits of approximately 700,000 miners comes from 1981, when due to the new law, state-owned diamond company Miniere de Bakwange (MIBA) has been forced to open almost all of its concession to artisanal diamond mining.
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Data submitted by the Center for examination, assessment and certification of the country (Centre for Expertise, Appraisal and Certificate , CEEC) at a mining conference in Cape Town found that the production volume last year was the lowest since 2007, when the country was again allowed to export diamonds according to the rules of the Kimberley process.
The highest volume of diamond mining in the DRC accounted for in 2007, when it amounted to 28.2 million carats, while in 2008 it reached only 21.3 million carats despite the global economic downturn, which was reflected in the diamond industry.
CEEC data also showed that the diamonds brought $ 212.5 million of the DRC in 2016 versus $ 230 million a year earlier.
DRC is the third largest producer in the world by volume of diamond and provides about 13% of world production, including industrial diamonds.
Nevertheless, the quality of the diamonds is very low in the country since the diamond industry is composed mainly of small-scale miners.
It is believed that the large-scale extraction of diamonds from alluvial deposits of approximately 700,000 miners comes from 1981, when due to the new law, state-owned diamond company Miniere de Bakwange (MIBA) has been forced to open almost all of its concession to artisanal diamond mining.
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President of the WFDB (World Federation of Diamond Bourses, WFDB ) Ernie Blom (Ernie Blom) said yesterday members of the presidential meeting in 2017 that the WFDB will work in close cooperation with the Association of Diamond Manufacturers (Diamond Producers Association, DPA), in order to help her up efforts in the field of generic marketing of diamonds. Referring to reports that the DPA seeks to increase its annual budget from the current $ 6 million, said the participants of the international event, which took place in Mumbai this week, DPA that the increase of the budget will allow it to invest in a more complex and long-term programs.
"Advertising today - it's a different world compared to the one in which most of us have grown up here, - he said. - It's more than just the production of advertisements on television, radio, newspapers or magazines. Markets are incredibly fragmented, and people get their information from a variety of sources, especially the two thousandth generation. This means the need for market research and the allocation of resources in a way that will reach your target audience most effectively. Initiative of the World Diamond brand (World Diamond Mark, WDM), supported by the WFDB, will work together with the DPA, because we understand that the generic marketing is critical to our business. We wish DPA great success in its efforts and pledge to work together for the benefit of the entire industry. "
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"Advertising today - it's a different world compared to the one in which most of us have grown up here, - he said. - It's more than just the production of advertisements on television, radio, newspapers or magazines. Markets are incredibly fragmented, and people get their information from a variety of sources, especially the two thousandth generation. This means the need for market research and the allocation of resources in a way that will reach your target audience most effectively. Initiative of the World Diamond brand (World Diamond Mark, WDM), supported by the WFDB, will work together with the DPA, because we understand that the generic marketing is critical to our business. We wish DPA great success in its efforts and pledge to work together for the benefit of the entire industry. "
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Sixth International Diamond Week in Israel (International Diamond Week in Israel, IDWI ) opened on February 13 at a packed sales room of the Israel Diamond Exchange (Israel Diamond Exchange, IDE). The event brings together about 400 buyers from 30 countries and more than 200 diamond companies from Israel and abroad. This tells the IDE in a press statement.
The opening ceremony included performances of Israeli Tourism Minister Yariv Levin (Yariv Levin), President of ALROSA Andrey Zharkov, President of IDE Yoram u'Dvash (Yoram Dvash), chairman of the group of companies "IDI» (Israel Diamond Institute, IDI) Shmuel Schnitzer (Shmuel Schnitzer) , President of the diamond dealers Club of New York (diamond dealers Club of New York, DDC) Reuven Kaufman (Reuven Kaufman) and others.
IDE Yoram u'Dvash President speaks at the opening ceremony of IDE President Yoram u'Dvash said: "I am pleased to see here a significant presence of my friends and colleagues from Israel and from abroad We're here then, to do what we love - to buy and sell diamonds.. And this is what we hope, will be the main purpose of this week. " ALROSA President Andrew Zharkov surprised the audience by starting his speech in Hebrew. He said that the Russian company will hold an auction of large, high quality diamonds and diamonds within IDWI. These stones are specifically focused on the Israeli market. Later in the day, Zharkov held talks with leading Israeli diamond companies. Expressing commitment ALROSA strengthen ties with the Israeli diamond industry, he recalled the importance of the Memorandum of Understanding between Alrosa and IDE 2015 in order to exchange information and cooperate on issues of mutual interest. Zharkov added that Israel is one of the three major markets for ALROSA and a major buyer of high-quality large diamonds
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The opening ceremony included performances of Israeli Tourism Minister Yariv Levin (Yariv Levin), President of ALROSA Andrey Zharkov, President of IDE Yoram u'Dvash (Yoram Dvash), chairman of the group of companies "IDI» (Israel Diamond Institute, IDI) Shmuel Schnitzer (Shmuel Schnitzer) , President of the diamond dealers Club of New York (diamond dealers Club of New York, DDC) Reuven Kaufman (Reuven Kaufman) and others.
IDE Yoram u'Dvash President speaks at the opening ceremony of IDE President Yoram u'Dvash said: "I am pleased to see here a significant presence of my friends and colleagues from Israel and from abroad We're here then, to do what we love - to buy and sell diamonds.. And this is what we hope, will be the main purpose of this week. " ALROSA President Andrew Zharkov surprised the audience by starting his speech in Hebrew. He said that the Russian company will hold an auction of large, high quality diamonds and diamonds within IDWI. These stones are specifically focused on the Israeli market. Later in the day, Zharkov held talks with leading Israeli diamond companies. Expressing commitment ALROSA strengthen ties with the Israeli diamond industry, he recalled the importance of the Memorandum of Understanding between Alrosa and IDE 2015 in order to exchange information and cooperate on issues of mutual interest. Zharkov added that Israel is one of the three major markets for ALROSA and a major buyer of high-quality large diamonds
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Jewelry sale brand Tanishq the Titan company, owned by Tata Group, rose by 15.4% during the 3rd quarter of 2017 fiscal year, up to $ 489.27 million, compared to $ 423.92 million in the same period of the previous year.
Profit before tax increased by 15.1% in the third quarter to $ 50.3 million, versus $ 43.6 million in the same period in 2016.
For the nine months ended in December 2016, the jewelry business recorded sales growth of 7.5% from $ 1.03 billion in the same period in 2015 to $ 1.1 billion in 2016.
Bhaskar Bhat (Bhaskar Bhat), Managing Director of the Titan, said: "The third quarter was very encouraging for the company Despite the initial problems due to demonetization, the company managed to secure sales growth festival season has been very positive for our units for jewelry and watches.. . Our work continues, so we are going to create a demand for the introduction of new products and expansion of the network, while maintaining our focus on cost control. "
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Profit before tax increased by 15.1% in the third quarter to $ 50.3 million, versus $ 43.6 million in the same period in 2016.
For the nine months ended in December 2016, the jewelry business recorded sales growth of 7.5% from $ 1.03 billion in the same period in 2015 to $ 1.1 billion in 2016.
Bhaskar Bhat (Bhaskar Bhat), Managing Director of the Titan, said: "The third quarter was very encouraging for the company Despite the initial problems due to demonetization, the company managed to secure sales growth festival season has been very positive for our units for jewelry and watches.. . Our work continues, so we are going to create a demand for the introduction of new products and expansion of the network, while maintaining our focus on cost control. "
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Lucapa Diamond reported the discovery of another large 227-carat diamond at its Lulo project (Lulo) in Angola.
The stone was discovered in the area of mining block 28, which is 4 km south of the mining unit 8, where the company produced diamond weighing 404 carats.
Diamond 227 carats of the type IIa and has color D. This is the seventh diamond weighing over 100 carats which was found on Lulo.
Luapa, which owns the project with Endiama and Rosas & Petalas, reported that a stone weighing 227 carats was the first of the largest diamonds recovered using a new X-ray detection system of large stones.
"It is very fitting that a week after the anniversary of the production of the largest diamonds found in Angola, we managed to get the second largest diamond, a record for Angola", - said CEO Steven Vezeroll (Stephen Wetherall).
"We are also pleased to receive this spectacular diamond is a new mining area at Lulo, which is 4 km away from well known for its stone block 8. This again underlines the high potential for the remainder of the 50-kilometer stretch of the river Kalu (Caluilo), which continue to be produced great valuable diamonds from alluvial deposits. "
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The stone was discovered in the area of mining block 28, which is 4 km south of the mining unit 8, where the company produced diamond weighing 404 carats.
Diamond 227 carats of the type IIa and has color D. This is the seventh diamond weighing over 100 carats which was found on Lulo.
Luapa, which owns the project with Endiama and Rosas & Petalas, reported that a stone weighing 227 carats was the first of the largest diamonds recovered using a new X-ray detection system of large stones.
"It is very fitting that a week after the anniversary of the production of the largest diamonds found in Angola, we managed to get the second largest diamond, a record for Angola", - said CEO Steven Vezeroll (Stephen Wetherall).
"We are also pleased to receive this spectacular diamond is a new mining area at Lulo, which is 4 km away from well known for its stone block 8. This again underlines the high potential for the remainder of the 50-kilometer stretch of the river Kalu (Caluilo), which continue to be produced great valuable diamonds from alluvial deposits. "
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The state company South African State Diamond Trader is permitted to purchase up to 10% of the diamonds mined in the country in terms of volume and value, managed to get only 2% of the stones in volume and 3% in value from nine manufacturers during 2015-2016.
Among the report received Rough & Polished on Investment Conference in the African mining industry (Investing in African Mining Indaba), stating that it has acquired 451,000 carats during the period against the target of 552,000 carats.
It also sold 460,000 carats from 574,000 carats, estimated in the same period.
Diamond Trading Company attributes its failure to achieve budgeted purchase rates and sale of diamonds to the absence of demand from beneficiation system. Samples diamond transmitted for this purpose have been considered inappropriate for local beneficiation.
"Large customers are not willing to invest in the purchase of rough diamonds when demand was weak and prices continued to decline," - said in the State Diamond Trader.
At the same time, the company claimed that the average price of diamonds purchased it was $ 194.71 per carat compared to $ 423 per carat a year earlier.
"This reflects the implementation of the sales strategy, according to which [we were] able to sell these diamonds are not preferred for clients in the beneficiation system This allows [us] to provide appropriate rough diamonds for local beneficiation." - added to the diamond company.
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Among the report received Rough & Polished on Investment Conference in the African mining industry (Investing in African Mining Indaba), stating that it has acquired 451,000 carats during the period against the target of 552,000 carats.
It also sold 460,000 carats from 574,000 carats, estimated in the same period.
Diamond Trading Company attributes its failure to achieve budgeted purchase rates and sale of diamonds to the absence of demand from beneficiation system. Samples diamond transmitted for this purpose have been considered inappropriate for local beneficiation.
"Large customers are not willing to invest in the purchase of rough diamonds when demand was weak and prices continued to decline," - said in the State Diamond Trader.
At the same time, the company claimed that the average price of diamonds purchased it was $ 194.71 per carat compared to $ 423 per carat a year earlier.
"This reflects the implementation of the sales strategy, according to which [we were] able to sell these diamonds are not preferred for clients in the beneficiation system This allows [us] to provide appropriate rough diamonds for local beneficiation." - added to the diamond company.
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Export Promotion Council of precious stones and jewelery (Gem & Jewellery Export Promotion Council, GJEPC), the organizer of the India International Jewelery Show (India Signature International Jewellery Show, IIJS ) and the Indian exhibition of equipment for the production of precious stones and jewelery (India Gem & Jewellery Machinery Expo, IGJME 2017), said that the events take place at the same time in the exhibition center in Mumbai from 7 to 9 February 2017.
WFDB President Ernest Blom (Ernest Blom) and Manodzh Dvivedi (Manoj Dwivedi), Secretary of the Ministry of Commerce Government of India, opened an exhibition of Signature IIJS 2017 in the presence of the chairman of GJEPC Pravinshankara Pandya (Praveenshankar Pandya) and other dignitaries.
Speaking at the inaugural session, Pravinshankar Pandya said. "This year, Signature IIJS importance grew as the industry's gems and jewelery exports are expected to rise after the recent troubled period This industry is on track to achieve double-digit export growth this year."
Manodzh Dvivedi said: "These two events - Signature IIJS and IGJME - help develop the business radically new ways thanks to a new design, themes and innovations We are glad that GJEPC introduced its mobile application, thereby creating a greater identity in the virtual space.".
Thanking all sponsors, partners and suppliers, Saunak Parikh (Saunak Parikh), member of the subcommittee GJEPC for the national exhibitions, said: "We have extended the duration of the exhibition up to four days to strengthen the interaction between exhibitors and visitors We sincerely appreciate the efforts of all who contributed. successful event despite the prevalence of uncertainty. "
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WFDB President Ernest Blom (Ernest Blom) and Manodzh Dvivedi (Manoj Dwivedi), Secretary of the Ministry of Commerce Government of India, opened an exhibition of Signature IIJS 2017 in the presence of the chairman of GJEPC Pravinshankara Pandya (Praveenshankar Pandya) and other dignitaries.
Speaking at the inaugural session, Pravinshankar Pandya said. "This year, Signature IIJS importance grew as the industry's gems and jewelery exports are expected to rise after the recent troubled period This industry is on track to achieve double-digit export growth this year."
Manodzh Dvivedi said: "These two events - Signature IIJS and IGJME - help develop the business radically new ways thanks to a new design, themes and innovations We are glad that GJEPC introduced its mobile application, thereby creating a greater identity in the virtual space.".
Thanking all sponsors, partners and suppliers, Saunak Parikh (Saunak Parikh), member of the subcommittee GJEPC for the national exhibitions, said: "We have extended the duration of the exhibition up to four days to strengthen the interaction between exhibitors and visitors We sincerely appreciate the efforts of all who contributed. successful event despite the prevalence of uncertainty. "
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Firestone Diamonds said that she managed to get $ 8.14 million in the first sale of diamonds from the mine Likhobong (Liqhobong) in Lesotho.
The company informed that all 75,936 carats, offered for sale, were sold at an average price of $ 107 per carat.
All diamonds sold advantageously extracted from the ore of inferior quality, and therefore does not represent an accurate information about the project contained in the diamond.
"The prices for diamonds of better quality was higher, while the prices of smaller stones have become a reflection of the current weak market conditions, but we still were pleased to sell all diamonds offered at auction" - Stuart Brown said (Stuart Brown), CEO of Firestone Diamonds.
"It was very nice to get a few exceptional white and colored fancy stones at an early stage of the mine development, and we believe that Likhobong resources will eventually very high," - he added.
In the first sale Firestone Diamonds has managed to attract more than 90 companies to show their products, with 38 companies purchased rough diamonds from the getter.
Best stone, 37-carat internally flawless white diamond of type IIa, was sold for more than $ 1 million.
"A number of common and fancy yellow stones included in the sale, also achieved a competitive price Buying interest was exceptionally strong in these categories." - said Brown.
In Frestone said that the second diamond sales cycle is expected to take place at the end of the first quarter of 2017.
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The company informed that all 75,936 carats, offered for sale, were sold at an average price of $ 107 per carat.
All diamonds sold advantageously extracted from the ore of inferior quality, and therefore does not represent an accurate information about the project contained in the diamond.
"The prices for diamonds of better quality was higher, while the prices of smaller stones have become a reflection of the current weak market conditions, but we still were pleased to sell all diamonds offered at auction" - Stuart Brown said (Stuart Brown), CEO of Firestone Diamonds.
"It was very nice to get a few exceptional white and colored fancy stones at an early stage of the mine development, and we believe that Likhobong resources will eventually very high," - he added.
In the first sale Firestone Diamonds has managed to attract more than 90 companies to show their products, with 38 companies purchased rough diamonds from the getter.
Best stone, 37-carat internally flawless white diamond of type IIa, was sold for more than $ 1 million.
"A number of common and fancy yellow stones included in the sale, also achieved a competitive price Buying interest was exceptionally strong in these categories." - said Brown.
In Frestone said that the second diamond sales cycle is expected to take place at the end of the first quarter of 2017.
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Rimini Fiera company, Fiera di Vicenza and Arezzo Fiere e Congressi Srl have signed a strategic agreement on the establishment of Italian Exhibition Group (IEG), which becomes a common organization of trade fairs for the subjects of gold and jewelry industry of Italy, IEG said the press service.
The agreement creates an exhibition platform for all Italian gold and jewelery industry for the development and promotion of internationally high quality products under the brand Made in Italy.
Creation of a single framework for cooperation with institutions, associations, companies and dealers is intended to ensure the implementation of a more effective strategy to promote the national and international levels of the Italian gold and jewelery industry by operating with the greatest benefit to the industry resources and investments.
"Italian Exhibition Group will manage the organization and conduct of the four events in Italy, one in Dubai and will provide a formal presence in the United States and a number of strategic operations in Asia", - said Corrado Facco (Corrado Facco), executive director of the Italian Exhbition Group.
The agreement provides also that the Italian Exhibition Group already in 2017 will manage the holding of gold and jewelery fair in Arezzo.
"This agreement - a crucial step for the development of the export segment, which cost more than € 6 billion in the past year, we have allocated for the gold and jewelery industry almost 9 million euros to support the participation of our companies in international trade fairs and strengthening the position of the largest exhibitions in. Italy in 2017, we are determined to continue these efforts after started in 2016 targeting the uS market, we will focus particular attention on the countries of Asia and the Middle East "-.. said, with his hand Ivan Skalfarotto (Ivan Scalfarotto), Deputy Minister of Economic Development of Italy.
Italian gold and jewelery industry is the European leader in quality, design and technological innovation. It brings together nearly 10,000 companies, which employ up to 40,000 workers.
In 2015, the industry trade exceeded 7 billion euros. Exports reached 6.5 billion with a positive trade balance of $ 4.2 billion. Despite the global decline in demand for gold from jewelers in the first 10 months of 2016 Italian exports reached 4.8 billion euros.
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The agreement creates an exhibition platform for all Italian gold and jewelery industry for the development and promotion of internationally high quality products under the brand Made in Italy.
Creation of a single framework for cooperation with institutions, associations, companies and dealers is intended to ensure the implementation of a more effective strategy to promote the national and international levels of the Italian gold and jewelery industry by operating with the greatest benefit to the industry resources and investments.
"Italian Exhibition Group will manage the organization and conduct of the four events in Italy, one in Dubai and will provide a formal presence in the United States and a number of strategic operations in Asia", - said Corrado Facco (Corrado Facco), executive director of the Italian Exhbition Group.
The agreement provides also that the Italian Exhibition Group already in 2017 will manage the holding of gold and jewelery fair in Arezzo.
"This agreement - a crucial step for the development of the export segment, which cost more than € 6 billion in the past year, we have allocated for the gold and jewelery industry almost 9 million euros to support the participation of our companies in international trade fairs and strengthening the position of the largest exhibitions in. Italy in 2017, we are determined to continue these efforts after started in 2016 targeting the uS market, we will focus particular attention on the countries of Asia and the Middle East "-.. said, with his hand Ivan Skalfarotto (Ivan Scalfarotto), Deputy Minister of Economic Development of Italy.
Italian gold and jewelery industry is the European leader in quality, design and technological innovation. It brings together nearly 10,000 companies, which employ up to 40,000 workers.
In 2015, the industry trade exceeded 7 billion euros. Exports reached 6.5 billion with a positive trade balance of $ 4.2 billion. Despite the global decline in demand for gold from jewelers in the first 10 months of 2016 Italian exports reached 4.8 billion euros.
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The International Institute for the study and classification of diamonds (International Institute of Diamond Grading & Research , IIDGR) De Beers company created the first retail partnership in Asia to provide services for the certification of diamonds.
IIDGR partnership with Soo Kee Group in Singapore, will be officially launched in February under the bridal jewelry brand Love & Co., owned by the retailer for the diamond Lovemarque collection. Soo Kee Group will be the first Singaporean retailer to offer bespoke IIDGR reports and provide its customers with confidence in the products due to more than a hundred years of experience De Beers.
IIDGR originally launched the service on certification of diamonds in early 2016 with a focus on reliability, integrity, consistency, and repeatability. Certification services use branded De Beers company's technology and offer the experience of highly skilled experts in gemology, said the president IIDGR Jonathan Kendall (of Jonathan Kendall)
"We have seen a significant rise in demand for our certification services in many markets, especially in the East - along with partnership with Soo Kee Group, we have plans to expand certification services to other parts of Asia - said Kendall -Theme however, we see that this is just the beginning of a growing number of retailers have expressed their desire.. e use our reports on diamonds, because they understand the importance of integrity in their offer to consumers. With the use of De Beers IIDGR advanced technologies may well provide it. "
IIDGR produces reports on the identification and certification of natural, rough diamonds are not rimmed in jewels minimum weight of 0.10 carats. Institute classifies all color diamonds and fancy stones.
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IIDGR partnership with Soo Kee Group in Singapore, will be officially launched in February under the bridal jewelry brand Love & Co., owned by the retailer for the diamond Lovemarque collection. Soo Kee Group will be the first Singaporean retailer to offer bespoke IIDGR reports and provide its customers with confidence in the products due to more than a hundred years of experience De Beers.
IIDGR originally launched the service on certification of diamonds in early 2016 with a focus on reliability, integrity, consistency, and repeatability. Certification services use branded De Beers company's technology and offer the experience of highly skilled experts in gemology, said the president IIDGR Jonathan Kendall (of Jonathan Kendall)
"We have seen a significant rise in demand for our certification services in many markets, especially in the East - along with partnership with Soo Kee Group, we have plans to expand certification services to other parts of Asia - said Kendall -Theme however, we see that this is just the beginning of a growing number of retailers have expressed their desire.. e use our reports on diamonds, because they understand the importance of integrity in their offer to consumers. With the use of De Beers IIDGR advanced technologies may well provide it. "
IIDGR produces reports on the identification and certification of natural, rough diamonds are not rimmed in jewels minimum weight of 0.10 carats. Institute classifies all color diamonds and fancy stones.
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North Arrow Minerals Inc. He announced that the samples that were obtained in the study of 111 soil samples taken from the project Mela in August 2016, indicate the presence of kimberlite anomalies.
As part of the program in 2016 the company has explored territory, extending 2 km from the at least two - three areas of kimberlite indicator minerals identified by previous sampling programs.
Several samples yielded anomalous results, including one extremely abnormal sample, the presence of indicators which exceeded 1200 on 20 kg of rocks, which is much higher than in most of the previous anomalous samples taken on the project. This suggests the presence of nearby kimberlite diamond source.
Ken Armstrong (Ken Armstrong), president and North Arrow Executive Officer, said: "Receiving such a large number of blank samples in 2016 preceded the results of this program ... We look forward to carrying out a detailed geological survey and geophysical studies in 2017, as well as obtaining the required permit subsoil use for geological exploration drilling program on the Mel project. "
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As part of the program in 2016 the company has explored territory, extending 2 km from the at least two - three areas of kimberlite indicator minerals identified by previous sampling programs.
Several samples yielded anomalous results, including one extremely abnormal sample, the presence of indicators which exceeded 1200 on 20 kg of rocks, which is much higher than in most of the previous anomalous samples taken on the project. This suggests the presence of nearby kimberlite diamond source.
Ken Armstrong (Ken Armstrong), president and North Arrow Executive Officer, said: "Receiving such a large number of blank samples in 2016 preceded the results of this program ... We look forward to carrying out a detailed geological survey and geophysical studies in 2017, as well as obtaining the required permit subsoil use for geological exploration drilling program on the Mel project. "
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Lesotho authorities announced that they are working to improve the country's diamond production from 340 000 to 1.5 million carats per year by 2020.
Lebohang Thotanyana (Lebohang Thotanyana), Lesotho Minister of Mining, said at a mining conference in Cape Town that the opening of four new diamond mines in the country will improve the diamond, which is currently carried out only in the Letseng mine (Letšeng) and now Storm Mountain Diamonds.
According to the minister, Likhobong (Liqhobong) mine started production in the last year and is expected to reach full capacity in 2018, while the project-Colo (Kolo) is carried out trial production, and full production will start in the second quarter of 2017.
Most recently, Lesotho completed the sale of 70 percent stake in the project Motae (Mothae) Lucapa Diamond Company.
Earlier diamond mine owned by Lucara Diamond, and now is expected to begin production by the end of the year, Thotanyana said.
According to the minister, the country's 20 concessions available for exploration.
"The first group of concessions (five areas) has been declared available in the last quarter of 2016 and is currently at the stage of evaluation, - he said -Follow group will be declared available for the second quarter 2017 ... exploration license will be issued for. an initial period of two years and may be extended for another year. "
At the same time Thotanyana said the Lesotho government would like to increase the value of diamonds produced in the country.
"Our government is considering a legal framework for the mining sector and makes recommendations to optimize or eliminate regulatory barriers and to ensure that the diamond beneficiation" - continues to minister.
In Lesotho, one of the largest mined diamonds, attracting the highest average price per carat.
In 2015, the average price per carat of diamonds from the country amounted to $ 931.39 while the global average of $ 108.96 per carat.
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Lebohang Thotanyana (Lebohang Thotanyana), Lesotho Minister of Mining, said at a mining conference in Cape Town that the opening of four new diamond mines in the country will improve the diamond, which is currently carried out only in the Letseng mine (Letšeng) and now Storm Mountain Diamonds.
According to the minister, Likhobong (Liqhobong) mine started production in the last year and is expected to reach full capacity in 2018, while the project-Colo (Kolo) is carried out trial production, and full production will start in the second quarter of 2017.
Most recently, Lesotho completed the sale of 70 percent stake in the project Motae (Mothae) Lucapa Diamond Company.
Earlier diamond mine owned by Lucara Diamond, and now is expected to begin production by the end of the year, Thotanyana said.
According to the minister, the country's 20 concessions available for exploration.
"The first group of concessions (five areas) has been declared available in the last quarter of 2016 and is currently at the stage of evaluation, - he said -Follow group will be declared available for the second quarter 2017 ... exploration license will be issued for. an initial period of two years and may be extended for another year. "
At the same time Thotanyana said the Lesotho government would like to increase the value of diamonds produced in the country.
"Our government is considering a legal framework for the mining sector and makes recommendations to optimize or eliminate regulatory barriers and to ensure that the diamond beneficiation" - continues to minister.
In Lesotho, one of the largest mined diamonds, attracting the highest average price per carat.
In 2015, the average price per carat of diamonds from the country amounted to $ 931.39 while the global average of $ 108.96 per carat.
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Zimbabwe's government has reached out of court settlement of a dispute with OFECC, a Chinese company, which owns Anjin and Janin, which, in turn, previously developed diamond concessions in the region Marange (Marange), but that has been pushed out to pave the way for the consolidation of diamond mining in the country.
OFECC with Mbada Diamonds filed an official application to the Harare High Court to stop the absorption of its concessions, but lost the case.
Then, the company filed a complaint with the Constitutional Court, which has yet to finalize the matter.
However, the Minister of Mines Chidakva Walter (Walter Chidhakwa) said to Rough & Polished on the sidelines of an African mining conference in Cape Town that the authorities have reached an agreement out of court with the company.
"We were able to work out of court agreement We told them that they would leave, and we'll get them concessions, but they will take all of their equipment.", - he said.
Chidakva proved that the company still has not closed the case in the Constitutional Court despite the agreement.
"They have not officially abandoned the case. We have already taken a decision on the Jinan You, and now we begin the discussion of how Anjin will take a statement from the court ... All we have to do is to facilitate the process of exporting their equipment through our customs. "
Chidakva also noted that the Lebanese and Russian companies did not oppose the consolidation of diamond mining in Marange.
"We have paid for them (Lebanese) have received equipment and land (the DMC), and began negotiations with the Russian company ... I was very impressed by the fact that the Russian were not against the fact that we have decided to nationalize" - Chidakva said.
The Minister acknowledged that the actual consolidation is not over yet because of protracted legal debate and negotiations with mining companies.
"[The achievement of] an agreement on these issues has taken much longer than we expected, but I'm glad to announce that we will soon settle all issues," - he concluded.
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OFECC with Mbada Diamonds filed an official application to the Harare High Court to stop the absorption of its concessions, but lost the case.
Then, the company filed a complaint with the Constitutional Court, which has yet to finalize the matter.
However, the Minister of Mines Chidakva Walter (Walter Chidhakwa) said to Rough & Polished on the sidelines of an African mining conference in Cape Town that the authorities have reached an agreement out of court with the company.
"We were able to work out of court agreement We told them that they would leave, and we'll get them concessions, but they will take all of their equipment.", - he said.
Chidakva proved that the company still has not closed the case in the Constitutional Court despite the agreement.
"They have not officially abandoned the case. We have already taken a decision on the Jinan You, and now we begin the discussion of how Anjin will take a statement from the court ... All we have to do is to facilitate the process of exporting their equipment through our customs. "
Chidakva also noted that the Lebanese and Russian companies did not oppose the consolidation of diamond mining in Marange.
"We have paid for them (Lebanese) have received equipment and land (the DMC), and began negotiations with the Russian company ... I was very impressed by the fact that the Russian were not against the fact that we have decided to nationalize" - Chidakva said.
The Minister acknowledged that the actual consolidation is not over yet because of protracted legal debate and negotiations with mining companies.
"[The achievement of] an agreement on these issues has taken much longer than we expected, but I'm glad to announce that we will soon settle all issues," - he concluded.
http://feeds.feedburner.com/PearlJewelryCeleb
Privatization of another package of ALROSA in 2017 is impossible, she told reporters Deputy Finance Minister Alexei Moiseev.
"Not this year for sure. There should be an agreement with the other shareholder (the Republic of Sakha -. RNS). We have always said that the sale of the federal package outside the 10.9% is not possible. Now we have sold from the federation just enough to reach them. Then we'll just have to fall in line, "- he said.
According to Moses, the negotiations between the Federal Property Management Agency and the Republic of Sakha has not yet begun.
"I do not see any possibility of this year. If it is, then later "- summed up Moses.
July 11, 2016 to complete the privatization of 10.9% stake in ALROSA. ALROSA President Andrew Zharkov called privatization satisfactory and stressed that he sees no need for the continuation of privatization.
In December, the head of Yakutia Yegor Borisov reported RNS, which also does not see the need for further privatization of Alrosa. He noted that the issue of the republic further privatization of federal package of 8% was not discussed. Head of the region reiterated the position that the republic will keep its stake of 25% plus one share, and ulus - 8%.
"We believe that today the company is working quite well. From the point of view of efficiency of activity of the company ... there is no need to do this. Privatization is largely with a view to finding an effective owner, "- he said.
However, in terms of privatization for 2017-2019 years, resulting RNS in early February 2017, including the featured and Alrosa.
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"Not this year for sure. There should be an agreement with the other shareholder (the Republic of Sakha -. RNS). We have always said that the sale of the federal package outside the 10.9% is not possible. Now we have sold from the federation just enough to reach them. Then we'll just have to fall in line, "- he said.
According to Moses, the negotiations between the Federal Property Management Agency and the Republic of Sakha has not yet begun.
"I do not see any possibility of this year. If it is, then later "- summed up Moses.
July 11, 2016 to complete the privatization of 10.9% stake in ALROSA. ALROSA President Andrew Zharkov called privatization satisfactory and stressed that he sees no need for the continuation of privatization.
In December, the head of Yakutia Yegor Borisov reported RNS, which also does not see the need for further privatization of Alrosa. He noted that the issue of the republic further privatization of federal package of 8% was not discussed. Head of the region reiterated the position that the republic will keep its stake of 25% plus one share, and ulus - 8%.
"We believe that today the company is working quite well. From the point of view of efficiency of activity of the company ... there is no need to do this. Privatization is largely with a view to finding an effective owner, "- he said.
However, in terms of privatization for 2017-2019 years, resulting RNS in early February 2017, including the featured and Alrosa.
http://feeds.feedburner.com/GiftJewelry
The company Petra Diamonds has announced its intention to maintain approximately the same level of processing rock since 2017.
The company, however, said that thanks to the start of processing of ore with higher grade diamond will be able to increase production. In addition, the total volume of processing will increase mainly due to the acquisition of Kimberley Mines. Both of these factors lead to a 43-percent increase in diamond production, according to in Petra.
The company has four mines in South Africa and one - in Tanzania. In 2016 fiscal year are 3.7 million carats were produced, with the company with revenue of $ 431 million during this period.
Mining jumped 24% in the first half of the 2017 fiscal year, to 2.01 million carats compared to 1.62 million carats a year earlier.
During the first half of fiscal year 2017 revenue of $ 228.5 million from the sale of 1.9 million carats.
Petra said its adjusted earnings before interest, taxes, depreciation and amortization (EBITDA), is expected to increase by about 38% and more than 50% in 2016 fiscal year to 2019 fiscal year.
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The company, however, said that thanks to the start of processing of ore with higher grade diamond will be able to increase production. In addition, the total volume of processing will increase mainly due to the acquisition of Kimberley Mines. Both of these factors lead to a 43-percent increase in diamond production, according to in Petra.
The company has four mines in South Africa and one - in Tanzania. In 2016 fiscal year are 3.7 million carats were produced, with the company with revenue of $ 431 million during this period.
Mining jumped 24% in the first half of the 2017 fiscal year, to 2.01 million carats compared to 1.62 million carats a year earlier.
During the first half of fiscal year 2017 revenue of $ 228.5 million from the sale of 1.9 million carats.
Petra said its adjusted earnings before interest, taxes, depreciation and amortization (EBITDA), is expected to increase by about 38% and more than 50% in 2016 fiscal year to 2019 fiscal year.
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Angolan state diamond company Endiama said that, thanks to newly discovered kimberlites Luashe (Luaxe), which is already considered the largest kimberlite mine country, it will be possible to double the production of diamonds by 2022.
Currently, Angola produces 8 million carats per year.
Luashe was designed to have an annual output of 8 million to 10 million carats.
"We are currently producing 8 million carats per year, and thanks to kimberlites Luashe we're going to double production in the next five years", - said director general of the national diamond company of Angola, Endiama Sumbula Carlos (Carlos Sumbula) at a conference in Cape Town.
Luashe was found Endiama and Alrosa of Russia in 2015.
Kimberlite is larger than the field Katoka (Catoca), which is currently producing about 80% of the total volume of diamond mining in Angola.
Catoca is also the fourth-largest kimberlite in the world.
ALROSA President Andrew Zharkov said in September last year that production on the diamond Luashe project will begin within three to four years.
According to him, capital investment in the project for the entire period of its operation is estimated at $ 1 billion.
At the same time for the entire 30-year life cycle of the mine on it, it is expected to produce about 350 million carats.
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Currently, Angola produces 8 million carats per year.
Luashe was designed to have an annual output of 8 million to 10 million carats.
"We are currently producing 8 million carats per year, and thanks to kimberlites Luashe we're going to double production in the next five years", - said director general of the national diamond company of Angola, Endiama Sumbula Carlos (Carlos Sumbula) at a conference in Cape Town.
Luashe was found Endiama and Alrosa of Russia in 2015.
Kimberlite is larger than the field Katoka (Catoca), which is currently producing about 80% of the total volume of diamond mining in Angola.
Catoca is also the fourth-largest kimberlite in the world.
ALROSA President Andrew Zharkov said in September last year that production on the diamond Luashe project will begin within three to four years.
According to him, capital investment in the project for the entire period of its operation is estimated at $ 1 billion.
At the same time for the entire 30-year life cycle of the mine on it, it is expected to produce about 350 million carats.
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Foundation "Initiative of the diamond industry» (Diamond Development Initiative, DDI) - an organization dedicated to problems in the sector of traditional diamond mining, announced the allocation of the Antwerp World Diamond Center (AWDC) grant to support DDI efforts to achieve reforms in the sector of artisanal and small-scale production, improve the living conditions of artisanal miners and their families and support the transparency of sources of supply.
«AWDC is a long-standing and reliable partner. Support Center allows DDI to continue its efforts to ensure the socialization of artisanal sector and small-scale production in ways that benefit the miners, their communities, and the local economic development ", - said Dorothée Gizenga (Dorothée Gizenga), executive director of DDI.
"Craft production is almost 20% of the total volume of diamond production. Support for the DDI - is the best way to guarantee the implementation of programs for us, in order to ensure compliance with the artisanal mining of human rights, health standards, security and environmental sustainability ", - said, in turn, Stephane Fischler (Stephane Fischler), president of the AWDC .
According to Ari Epstein (Ari Epstein), Director General of AWDC, «collaboration with DDI important for us." "Through DDI, we can contribute to the socio-economic development of the artisanal mining sector and its members who are important stakeholders in the diamond supply chain", - he said.
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«AWDC is a long-standing and reliable partner. Support Center allows DDI to continue its efforts to ensure the socialization of artisanal sector and small-scale production in ways that benefit the miners, their communities, and the local economic development ", - said Dorothée Gizenga (Dorothée Gizenga), executive director of DDI.
"Craft production is almost 20% of the total volume of diamond production. Support for the DDI - is the best way to guarantee the implementation of programs for us, in order to ensure compliance with the artisanal mining of human rights, health standards, security and environmental sustainability ", - said, in turn, Stephane Fischler (Stephane Fischler), president of the AWDC .
According to Ari Epstein (Ari Epstein), Director General of AWDC, «collaboration with DDI important for us." "Through DDI, we can contribute to the socio-economic development of the artisanal mining sector and its members who are important stakeholders in the diamond supply chain", - he said.
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Jewelry group "Smolensk Diamonds" was able to get two awards "PETERSBURG JUNWEH 2017" prestigious international jewelery exhibition, which took place from 1 to 5 February in St. Petersburg.
CEO of the group Jewelry "Smolensk Diamonds" Dmitriy Kuntsev commented: "At the exhibition we have received several awards. We have a prize for the Ring "Aphrodite" with a 11-carat diamond and a necklace from the new collection "Harvest" ( "Harvest") with a 5-carat diamond fantasy bright yellow, yellow sapphires and diamonds fancy shape. "
According Kuntsovo said that all diamonds have been manufactured Production Association "Crystal", the collection made a good impression on the audience.
"Now it (the collection) in the process of finalizing the design. The first pilot samples demonstrated at the exhibition received positive feedback from potential buyers. We will refine the collection and launch the market in the near future ", - he added.
In St. Petersburg jewelry exhibition is traditionally attended by many of the top jewelry companies from Russia and abroad. More than 650 exhibitors show their best jewelry of different categories.
Earlier, a replica of the Great Imperial Crown, another famous product of Smolensk, has received many awards at JUNWEH. At the moment it is exhibited at the International Diamond Week in Israel.
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CEO of the group Jewelry "Smolensk Diamonds" Dmitriy Kuntsev commented: "At the exhibition we have received several awards. We have a prize for the Ring "Aphrodite" with a 11-carat diamond and a necklace from the new collection "Harvest" ( "Harvest") with a 5-carat diamond fantasy bright yellow, yellow sapphires and diamonds fancy shape. "
According Kuntsovo said that all diamonds have been manufactured Production Association "Crystal", the collection made a good impression on the audience.
"Now it (the collection) in the process of finalizing the design. The first pilot samples demonstrated at the exhibition received positive feedback from potential buyers. We will refine the collection and launch the market in the near future ", - he added.
In St. Petersburg jewelry exhibition is traditionally attended by many of the top jewelry companies from Russia and abroad. More than 650 exhibitors show their best jewelry of different categories.
Earlier, a replica of the Great Imperial Crown, another famous product of Smolensk, has received many awards at JUNWEH. At the moment it is exhibited at the International Diamond Week in Israel.
http://feeds.feedburner.com/BridalPearls
Singapore Diamond Investment Exchange (Singapore Diamond Investment Exchange, SDiX) , which organizes the trade of natural diamonds, as well as the Commodity Exchange of India (Multi Commodity Exchange of India, MCX ), signed a Memorandum of Understanding to establish a strategic alliance aimed at trade in the spot and the diamond derivative contracts.
Contracts will be used for trade, including reference prices SDIX, according to a report automatedtrader.net
The purpose of this strategic alliance between SDIX and MCX is the development, design and start-up with the approval of the relevant regulatory authorities of the first of its kind diamond derivatovov anywhere in the world. Contracts will use actual traded spot prices on a daily basis and at the close of trading.
The partnership aims to offer participants of the diamond market is a tool to hedge business risks, and discover new opportunities to make diamonds an investment commodity. SDIX and MCX can offer Indian diamond merchant, jewelers and financial market participants access to the diamond derivatives, physically tied to the price of stones and denominated in rupees.
Chairman and founder SDiX Vandenborr Alain (Alain Vandenborre), said: "SDIX committed to working with MCX, to offer this unique opportunity to transparent and regulated transactions for jewelers and diamond merchant, the product market participants, as well as brokers of diamonds."
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Contracts will be used for trade, including reference prices SDIX, according to a report automatedtrader.net
The purpose of this strategic alliance between SDIX and MCX is the development, design and start-up with the approval of the relevant regulatory authorities of the first of its kind diamond derivatovov anywhere in the world. Contracts will use actual traded spot prices on a daily basis and at the close of trading.
The partnership aims to offer participants of the diamond market is a tool to hedge business risks, and discover new opportunities to make diamonds an investment commodity. SDIX and MCX can offer Indian diamond merchant, jewelers and financial market participants access to the diamond derivatives, physically tied to the price of stones and denominated in rupees.
Chairman and founder SDiX Vandenborr Alain (Alain Vandenborre), said: "SDIX committed to working with MCX, to offer this unique opportunity to transparent and regulated transactions for jewelers and diamond merchant, the product market participants, as well as brokers of diamonds."
https://twitter.com/pearlswap
The Anti-Corruption Commission of Namibia (Namibia's Anti-Corruption Commission, ACC), reportedly did not conduct an investigation on the fact whether underestimated Namib Desert Diamonds (Namdia) intentionally prices on diamonds exported from the country.
Local newspaper Namibian earlier in its submission noted that Namdia "deliberately" sold diamonds from Namibia to Dubai five times cheaper than was their ultimate cost.
Unnamed sources cited by The Namibian, claimed that the diamonds sold Namdia Dubai-based company for $ 500 per carat.
Those diamonds were then resold Dubai company for $ 2,500 per carat.
Vow Kandzhoze (Obeth Kandjoze), Minister of Mines and Energy of Namibia has rejected the allegations.
However, this did not prevent ACC seek to establish whether these diamond prices were indeed deliberately understated.
"I asked him (Kandzhoze) provide clarity (about Namdia)", - said General Director Paulus Noa ACC (Paulus Noa) in an interview with The Namibian.
"The minister gave me the answers to all the questions that I asked him I was satisfied with his answers.", - he added.
Although Noah expressed his conviction that nothing illegal had happened, diary ACC sources say that the investigation of the diamond company is still ongoing.
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Local newspaper Namibian earlier in its submission noted that Namdia "deliberately" sold diamonds from Namibia to Dubai five times cheaper than was their ultimate cost.
Unnamed sources cited by The Namibian, claimed that the diamonds sold Namdia Dubai-based company for $ 500 per carat.
Those diamonds were then resold Dubai company for $ 2,500 per carat.
Vow Kandzhoze (Obeth Kandjoze), Minister of Mines and Energy of Namibia has rejected the allegations.
However, this did not prevent ACC seek to establish whether these diamond prices were indeed deliberately understated.
"I asked him (Kandzhoze) provide clarity (about Namdia)", - said General Director Paulus Noa ACC (Paulus Noa) in an interview with The Namibian.
"The minister gave me the answers to all the questions that I asked him I was satisfied with his answers.", - he added.
Although Noah expressed his conviction that nothing illegal had happened, diary ACC sources say that the investigation of the diamond company is still ongoing.
http://digg.com/u/jetjewelry
Less than a week after the successful completion of the 8th in a row the event BRILLIANT - Antwerp Diamond Fair (Antwerp Diamond Trade Fair), the organizing committee announced the dates of its next session: 28-30 January 2018.
"Visitors and exhibitors should be able to plan ahead. Customer groups and industry organizations that coordinate the acquisition of travel abroad for jewelry retailers, now make up their plans. They will provide a good service to its members, including in their routes BRILLIANT - Antwerp Diamond Fair "- said Michelle Naselski (Michel Nasielski), a member of the organizing committee BRILLIANT.
Eighth session BrilliAnt first was carried out with the participation of international exhibitors. Six Indian diamond and jewelry companies were represented at the fair. They expressed their full satisfaction with the participation in the exhibition and the interest to return in 2018, requesting a large exhibition area for your stand. Reviews of other foreign companies have also been positive.
He expressed his satisfaction for the first time took part in the fair representatives of the Antwerp diamond business community. "For us BrilliAnt became a brilliant opportunity to meet our sales rooms with new people from all over Europe and the Middle East. The fair is well organized, and customers were happy to explore all the possibilities that offer the Antwerp diamond companies. This is a positive way to start the year, "- said Dzhoy Lerner (Joy Lerner) of Lerner Diamonds, for the first time participated in the fair.
Program three days of its seminars, which attracted wide attention were provided. In particular, Zhan Mark Lieberherr (Jean Marc Lieberherr), CEO of the Association of Diamond Manufacturers (Diamond Producers Association, DPA) gave a presentation in which detail familiarized the audience with an organized association of generic marketing campaign diamonds "Genuine - rare» (Real is Rare) .
"The unique nature of the exhibition, its exclusive location in the heart of the Antwerp diamond district, as well as its unmatched services and security measures may not be reproduced in any other place, or anyone else," - he said Yaakov Almor (Ya'akov Almor ), which is a long time director of the Fair public Relations.
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"Visitors and exhibitors should be able to plan ahead. Customer groups and industry organizations that coordinate the acquisition of travel abroad for jewelry retailers, now make up their plans. They will provide a good service to its members, including in their routes BRILLIANT - Antwerp Diamond Fair "- said Michelle Naselski (Michel Nasielski), a member of the organizing committee BRILLIANT.
Eighth session BrilliAnt first was carried out with the participation of international exhibitors. Six Indian diamond and jewelry companies were represented at the fair. They expressed their full satisfaction with the participation in the exhibition and the interest to return in 2018, requesting a large exhibition area for your stand. Reviews of other foreign companies have also been positive.
He expressed his satisfaction for the first time took part in the fair representatives of the Antwerp diamond business community. "For us BrilliAnt became a brilliant opportunity to meet our sales rooms with new people from all over Europe and the Middle East. The fair is well organized, and customers were happy to explore all the possibilities that offer the Antwerp diamond companies. This is a positive way to start the year, "- said Dzhoy Lerner (Joy Lerner) of Lerner Diamonds, for the first time participated in the fair.
Program three days of its seminars, which attracted wide attention were provided. In particular, Zhan Mark Lieberherr (Jean Marc Lieberherr), CEO of the Association of Diamond Manufacturers (Diamond Producers Association, DPA) gave a presentation in which detail familiarized the audience with an organized association of generic marketing campaign diamonds "Genuine - rare» (Real is Rare) .
"The unique nature of the exhibition, its exclusive location in the heart of the Antwerp diamond district, as well as its unmatched services and security measures may not be reproduced in any other place, or anyone else," - he said Yaakov Almor (Ya'akov Almor ), which is a long time director of the Fair public Relations.
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Gemological laboratory HRD Antwerp launches education program in Iran to expand its presence in the Middle East.
HRD will begin preparations for certified diamond graders as part of the debut of the course of study in Tehran in late April, in collaboration with a local consultant.
The move is part of a broader attempt to expand the HRD activities on the development of human resources in the region, says Katrin De Korte (Katrien De Corte), chief of the Laboratory for Education and Industry. HRD in late February, will open an office in Dubai, which will be the starting point for diamonds and jewelry, sent to the laboratory. HRD Antwerp also offers professional courses in Bahrain, Qatar and Lebanon, and since 2010 has been active in the laboratory in Istanbul, Turkey.
The organization plans to open a second point of sending diamonds and jewelry in the region, most likely in Lebanon, added de Korte.
As for Iran, there is the potential for further business opportunities, she said. "We will start with the training center and we estimate that customers want," - said de Korte.
The organization can provide new services to human resource development in Iran after the removal of the EU and US economic sanctions against Iran, imposed in connection with its nuclear program. The full sanctions were lifted in January 2016.
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HRD will begin preparations for certified diamond graders as part of the debut of the course of study in Tehran in late April, in collaboration with a local consultant.
The move is part of a broader attempt to expand the HRD activities on the development of human resources in the region, says Katrin De Korte (Katrien De Corte), chief of the Laboratory for Education and Industry. HRD in late February, will open an office in Dubai, which will be the starting point for diamonds and jewelry, sent to the laboratory. HRD Antwerp also offers professional courses in Bahrain, Qatar and Lebanon, and since 2010 has been active in the laboratory in Istanbul, Turkey.
The organization plans to open a second point of sending diamonds and jewelry in the region, most likely in Lebanon, added de Korte.
As for Iran, there is the potential for further business opportunities, she said. "We will start with the training center and we estimate that customers want," - said de Korte.
The organization can provide new services to human resource development in Iran after the removal of the EU and US economic sanctions against Iran, imposed in connection with its nuclear program. The full sanctions were lifted in January 2016.
http://feeds.feedburner.com/RoyalPearls
Lucapa Diamond announced the sale of a batch of 2,946 carats of diamonds from Lulo project (Lulo) in Angola for $ 3.8 million. These trades were the first for the company since the beginning of this year.
Miner, which owns Lulo with Endiama and Rosas & Petalas, said that the stones sold at auction, the average price reached $ 1276 per carat.
"Sold at auction the diamonds were mined until December 31, 2016, and included a stone weighing 75 carats, which was recovered in November, and a diamond weighing 55 carats mined in December," - said CEO Steven Vezeroll (Stephen Wetherall ).
According to him, with Lulo alluvial diamonds sold by the mining company Sociedade Mineira Do Lulo through the Angolan government Sodiam, it was the first purified on a new installation of the deep boil. She started work at Lulo in December last year.
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Miner, which owns Lulo with Endiama and Rosas & Petalas, said that the stones sold at auction, the average price reached $ 1276 per carat.
"Sold at auction the diamonds were mined until December 31, 2016, and included a stone weighing 75 carats, which was recovered in November, and a diamond weighing 55 carats mined in December," - said CEO Steven Vezeroll (Stephen Wetherall ).
According to him, with Lulo alluvial diamonds sold by the mining company Sociedade Mineira Do Lulo through the Angolan government Sodiam, it was the first purified on a new installation of the deep boil. She started work at Lulo in December last year.
http://feeds.feedburner.com/PearlJeweller
Rosprirodnadzor has issued a final positive opinion of the state ecological expertise "Upper Muna" field, the development of which is ALROSA.
"Finally, the Commission describes the main characteristics of the field adequately, as well as natural features of the territory. The document says that in this area do not grow and are not found species listed in the Red Book. In addition, the selected list of measures to prevent the possible negative impact on the environment Wednesday and approved measures for soil remediation, - said Deputy chief engineer of Environmental protection environment Udachninsky GOK Alexander Fedorov -. The resulting pos itelnoe solution - is one of the permits for the beginning of field In addition to this document it is planned to obtain a series of permits and licenses in the future work of the various objects in a given territory. ".
Project documentation has been developed and approved by the need to start diamond mining pit "Polar" and "Magnetic" on the Upper Muna field. The depth of the mining of ore will reach 400 meters. Provision extraction of all of the area boundaries.
http://digg.com/u/jetjewelry
"Finally, the Commission describes the main characteristics of the field adequately, as well as natural features of the territory. The document says that in this area do not grow and are not found species listed in the Red Book. In addition, the selected list of measures to prevent the possible negative impact on the environment Wednesday and approved measures for soil remediation, - said Deputy chief engineer of Environmental protection environment Udachninsky GOK Alexander Fedorov -. The resulting pos itelnoe solution - is one of the permits for the beginning of field In addition to this document it is planned to obtain a series of permits and licenses in the future work of the various objects in a given territory. ".
Project documentation has been developed and approved by the need to start diamond mining pit "Polar" and "Magnetic" on the Upper Muna field. The depth of the mining of ore will reach 400 meters. Provision extraction of all of the area boundaries.
http://digg.com/u/jetjewelry
Sir Dzhon Parker (John Parker), chairman of Anglo American, said that he wants to retire in the course of this year after eight years as chairman of the diversified mining company.
The Anglo said that its senior independent director Sir Philip Hampton (Philip Hampton) will now carry on the process of finding suitable candidates with experience relevant to the head of the global mining company.
"Since the Anglo American position in the mining industry has become stronger despite the downturn in the industry due to falling prices for commodities in 2014 -2016 years, I believe that the time has now come to the board to look for my successor for 2017," - Parker said.
"By restoring the balance, as well as the board of directors and a world-class management, the company can look with confidence to the future under the leadership of CEO Mark Kyutifani (Mark Cutifani)", - he continues.
"The Chairmanship of the Anglo American was a great privilege It also appealed to my interest in engineering, technology and business matters The Company's ability to adapt innovatively and creatively reflect on their role in society, is a key factor in the long-term competitive advantage.." - Parker said.
Anglo American owns diamond mines through its subsidiary De Beers, as well as deposits of gold, copper, platinum and other precious and industrial metals.
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The Anglo said that its senior independent director Sir Philip Hampton (Philip Hampton) will now carry on the process of finding suitable candidates with experience relevant to the head of the global mining company.
"Since the Anglo American position in the mining industry has become stronger despite the downturn in the industry due to falling prices for commodities in 2014 -2016 years, I believe that the time has now come to the board to look for my successor for 2017," - Parker said.
"By restoring the balance, as well as the board of directors and a world-class management, the company can look with confidence to the future under the leadership of CEO Mark Kyutifani (Mark Cutifani)", - he continues.
"The Chairmanship of the Anglo American was a great privilege It also appealed to my interest in engineering, technology and business matters The Company's ability to adapt innovatively and creatively reflect on their role in society, is a key factor in the long-term competitive advantage.." - Parker said.
Anglo American owns diamond mines through its subsidiary De Beers, as well as deposits of gold, copper, platinum and other precious and industrial metals.
http://digg.com/u/jetjewelry
The first in the history of India co-production Center (Common Facility Centre, CFC) for the industry of gems and jewelry was opened February 13 Tiote Rita (Rita Teaotia), Minister of Commerce of India, in Shisnagar in Gujarat.
The Government of India intends to establish a network of similar centers in the key areas of small towns, where the smaller companies artisans will have access to the latest technologies for the diamond cut.
At the solemn opening ceremony was attended by many prominent representatives from industry and government agencies.
Among the guests of the event were Manodzh Dvivedi (Manoj Dwivedi), Secretary of the Ministry of Commerce Government of India; Rushikesh Patel (Rushikesh Patel), representative of the regional government Shisnagara; Regional Director, Export Promotion Council of precious stones and jewelery (Gem & Jewellery Export Promotion Council, GJEPC) Dineshbhay Nawada (Dineshbhai Navadiya); Sabyasachi Ray (Sabyasachi Ray), executive director of GJEPC; Dzhethabhay Prajapati (Jethabhai Prajapati), President of the Diamond Shisnagara Association; members of the Regional Committee of Gujarat and the official representatives of the diamond trade associations and Amreli district, Palanpur, Ahmedabad and Botada.
http://digg.com/u/jetjewelry
The Government of India intends to establish a network of similar centers in the key areas of small towns, where the smaller companies artisans will have access to the latest technologies for the diamond cut.
At the solemn opening ceremony was attended by many prominent representatives from industry and government agencies.
Among the guests of the event were Manodzh Dvivedi (Manoj Dwivedi), Secretary of the Ministry of Commerce Government of India; Rushikesh Patel (Rushikesh Patel), representative of the regional government Shisnagara; Regional Director, Export Promotion Council of precious stones and jewelery (Gem & Jewellery Export Promotion Council, GJEPC) Dineshbhay Nawada (Dineshbhai Navadiya); Sabyasachi Ray (Sabyasachi Ray), executive director of GJEPC; Dzhethabhay Prajapati (Jethabhai Prajapati), President of the Diamond Shisnagara Association; members of the Regional Committee of Gujarat and the official representatives of the diamond trade associations and Amreli district, Palanpur, Ahmedabad and Botada.
http://digg.com/u/jetjewelry
Jeweler Week Estet Fashion Week fashion will be held in Moscow for the 13th time in a row from 10 to 16 April 2017.
Event organizer Jewelry House "Esthete" will present as a collection of clothing and jewelery jewelery and watch brands.
The event will be chosen finalists events, winning in several nominations - "Best collection of clothes", "Best Jewelry Collection", "Best Children's Collection" and others.
Among the jewelery and watch brands taking part in the different seasons Estet Fashion Week - «Smolensk Diamonds", "Jewelry tradition», Nina Ricci, Maxim Demidov, « Kierge», Axenoff Jewellery, Kabarovsky, Gallery "Mikhailov" NIKA, Escada, Philippe de Cheron, Ed Hardy.
The jeweler week Estet Fashion Week fashion is attended by over 10,000 spectators and 200 accredited journalists, fashion magazines and television channels.
http://digg.com/u/jetjewelry
Event organizer Jewelry House "Esthete" will present as a collection of clothing and jewelery jewelery and watch brands.
The event will be chosen finalists events, winning in several nominations - "Best collection of clothes", "Best Jewelry Collection", "Best Children's Collection" and others.
Among the jewelery and watch brands taking part in the different seasons Estet Fashion Week - «Smolensk Diamonds", "Jewelry tradition», Nina Ricci, Maxim Demidov, « Kierge», Axenoff Jewellery, Kabarovsky, Gallery "Mikhailov" NIKA, Escada, Philippe de Cheron, Ed Hardy.
The jeweler week Estet Fashion Week fashion is attended by over 10,000 spectators and 200 accredited journalists, fashion magazines and television channels.
http://digg.com/u/jetjewelry
During the International Diamond Week in Israel (IDWI) President of the Joint Stock Company "ALROSA" Andrey Zharkov, who is the guest of honor at the forum, said the miner plans to run their own marketing programs.
Portal Rapaport quoted Zharkov, who noted that this year for the first time ALROSA itself launched its own pilot marketing program in key markets.
The recent renaming of the company's office in Arcos Diamonds Israel ALROSA Israel (Israel ALROSA) has also become a part of this strategy, he added.
"As there were strong competitive alternative to the past ten years, diamond jewelry, which showed better results - said Zharkov -. We should all increase our efforts in marketing in the last few years, this is one of the strategic objectives to be pursued. our industry to increase consumer demand. "
ALROSA - one of the seven founding members of the Association of Diamond Manufacturers (Diamond Producers Association, DPA), whose mandate includes the universal marketing programs for the diamond industry.
As Zharkov said the representatives of "two thousandth generation" tend to consume products with traceable origin, and therefore responsible origin of natural diamonds is necessary to protect the supply chain from undiscovered synthetic stones.
That is why ALROSA participated in the program GIA "from mine to market" (mine to market), kept hot. Under this program, achieved the highest level of verification of the origin of diamonds from the production stage to the production of jewelry.
In addition, the head of ALROSA confirmed the company plans to increase production by 5% in 2017 to 39 million carats of diamonds.
https://del.icio.us/pearlsonline
Portal Rapaport quoted Zharkov, who noted that this year for the first time ALROSA itself launched its own pilot marketing program in key markets.
The recent renaming of the company's office in Arcos Diamonds Israel ALROSA Israel (Israel ALROSA) has also become a part of this strategy, he added.
"As there were strong competitive alternative to the past ten years, diamond jewelry, which showed better results - said Zharkov -. We should all increase our efforts in marketing in the last few years, this is one of the strategic objectives to be pursued. our industry to increase consumer demand. "
ALROSA - one of the seven founding members of the Association of Diamond Manufacturers (Diamond Producers Association, DPA), whose mandate includes the universal marketing programs for the diamond industry.
As Zharkov said the representatives of "two thousandth generation" tend to consume products with traceable origin, and therefore responsible origin of natural diamonds is necessary to protect the supply chain from undiscovered synthetic stones.
That is why ALROSA participated in the program GIA "from mine to market" (mine to market), kept hot. Under this program, achieved the highest level of verification of the origin of diamonds from the production stage to the production of jewelry.
In addition, the head of ALROSA confirmed the company plans to increase production by 5% in 2017 to 39 million carats of diamonds.
https://del.icio.us/pearlsonline
Angolan state diamond company Endiama said it is in talks with Russia's Alrosa, its partner in kimberlite project Luashe (Luaxe), to finance the project, and will not seek additional investors.
Endiama and Russian diamond giant discovered kimberlite Luashe in 2015.
Macauhub quoted the Director General of Endiama sumbul Carlos (Carlos Sumbula), who noted that the diamond company will raise funds on their own.
ALROSA President Andrew Zharkov said in September last year, capital investment in Luashe project for the whole of its life cycle are estimated at $ 1 billion.
Luashe was designed to have an annual capacity of 8 to 10 million carats.
Kimberlite is larger than the field Katoka (Catoca), which is currently producing about 80% of the total volume of diamond mining in Angola.
Catoca is the fourth-largest kimberlite in the world and also in the equally owned Endiama and Alrosa.
At the same time, Sumbula said that Endiama slightly reduce production in order to increase revenue before development Luashe.
"When the company was producing 8 million carats per year, our revenue was $ 1.2 billion, and in 2016 the production of 9 million carats revenue fell to $ 1.07 billion," - said Sumbula.
"We intend to work towards getting more income by a decline in production", - he concluded.
http://digg.com/u/jetjewelry
Endiama and Russian diamond giant discovered kimberlite Luashe in 2015.
Macauhub quoted the Director General of Endiama sumbul Carlos (Carlos Sumbula), who noted that the diamond company will raise funds on their own.
ALROSA President Andrew Zharkov said in September last year, capital investment in Luashe project for the whole of its life cycle are estimated at $ 1 billion.
Luashe was designed to have an annual capacity of 8 to 10 million carats.
Kimberlite is larger than the field Katoka (Catoca), which is currently producing about 80% of the total volume of diamond mining in Angola.
Catoca is the fourth-largest kimberlite in the world and also in the equally owned Endiama and Alrosa.
At the same time, Sumbula said that Endiama slightly reduce production in order to increase revenue before development Luashe.
"When the company was producing 8 million carats per year, our revenue was $ 1.2 billion, and in 2016 the production of 9 million carats revenue fell to $ 1.07 billion," - said Sumbula.
"We intend to work towards getting more income by a decline in production", - he concluded.
http://digg.com/u/jetjewelry
Gem Diamonds announced mine Ghaghu room (Ghaghoo) in Botswana on care and maintenance. This decision shall enter into force immediately on the back of low diamond prices.
The development of the mine, the company said, has progressed at a good pace, and soon she had to reach full capacity of industrial production. However, the fall in prices for diamonds Ghaghu to $ 210 per carat at the beginning of 2015 to $ 142 per carat in the framework of the December auction drew attention to the weak state of the diamond market for this category of raw materials, the statement said Gem Diamonds.
"The company is focused on making a profit in the proceedings, and therefore we have decided to place the asset on care and maintenance, we also will continue to monitor market conditions as long as the start of production at full capacity will not make economic sense." - said the diamond company.
"It is expected that after the settlement of all the agreements the costs of care and maintenance of the mine will be $ 3 million per year", - concluded in Gem Diamonds.
http://www.feedlisting.com/rss-feed-url/898215.html
The development of the mine, the company said, has progressed at a good pace, and soon she had to reach full capacity of industrial production. However, the fall in prices for diamonds Ghaghu to $ 210 per carat at the beginning of 2015 to $ 142 per carat in the framework of the December auction drew attention to the weak state of the diamond market for this category of raw materials, the statement said Gem Diamonds.
"The company is focused on making a profit in the proceedings, and therefore we have decided to place the asset on care and maintenance, we also will continue to monitor market conditions as long as the start of production at full capacity will not make economic sense." - said the diamond company.
"It is expected that after the settlement of all the agreements the costs of care and maintenance of the mine will be $ 3 million per year", - concluded in Gem Diamonds.
http://www.feedlisting.com/rss-feed-url/898215.html
I.Hennig Tenders, independent operator of the international diamond tenders, from 15 to 23 February in Antwerp conducts auction sales of about 250 large uncut diamonds of Russian origin, weighing between 10.80 to 183 carats.
Visitors are only possible by prior arrangement, according to the Antwerp World Diamond Center (AWDC).
With trading platforms around the world, I.Hennig Tenders holds monthly auctions of diamond in different markets around the globe.
http://www.feedlisting.com/rss-feed-url/898214.html
Visitors are only possible by prior arrangement, according to the Antwerp World Diamond Center (AWDC).
With trading platforms around the world, I.Hennig Tenders holds monthly auctions of diamond in different markets around the globe.
http://www.feedlisting.com/rss-feed-url/898214.html
Muthoot Exim Pvt Ltd., Unit 130-year-old business conglomerate Muthoot Pappachan Group on precious metals, launched in India range of diamond jewelry together with Divine Solitaires.
Collection currently offers only one 18-carat gold ring with a diamond. Other variants of diamond jewelry of gold will be launched later. Laser marking of unique identification code will be available for each diamond. Jewelry will be available in 76 branches of Muthoot India.
Thomas Mathut (Thomas Muthoot), executive director of the Muthoot Pappachan Group, said: "Diamonds - forever and every Indian wants to own them, but many believe that it is a luxury beyond the reach of In a new initiative Muthoot Exim Pvt Ltd is currently being implemented. innovative proposal -. diamond diamond jewelry from the Divine Solitaires We want to make high-quality diamonds available to every Indian. "
Dzhignesh Mehta (Jignesh Mehta), founder and managing director of Divine Solitaires, said: "Gold Jewelery has always interested the citizens of India due to their cost, availability and transparency now Divine Solitaires Revolutionizes diamonds by working with Muthoot Exim New decoration provides the.. the cost, availability and transparency, and at the same time offered with the best quality diamonds in the whole of India. "
https://del.icio.us/pearlsonline
Collection currently offers only one 18-carat gold ring with a diamond. Other variants of diamond jewelry of gold will be launched later. Laser marking of unique identification code will be available for each diamond. Jewelry will be available in 76 branches of Muthoot India.
Thomas Mathut (Thomas Muthoot), executive director of the Muthoot Pappachan Group, said: "Diamonds - forever and every Indian wants to own them, but many believe that it is a luxury beyond the reach of In a new initiative Muthoot Exim Pvt Ltd is currently being implemented. innovative proposal -. diamond diamond jewelry from the Divine Solitaires We want to make high-quality diamonds available to every Indian. "
Dzhignesh Mehta (Jignesh Mehta), founder and managing director of Divine Solitaires, said: "Gold Jewelery has always interested the citizens of India due to their cost, availability and transparency now Divine Solitaires Revolutionizes diamonds by working with Muthoot Exim New decoration provides the.. the cost, availability and transparency, and at the same time offered with the best quality diamonds in the whole of India. "
https://del.icio.us/pearlsonline
On the trading floor of the International Diamond Week in Israel (IDWI) on the second day of her recovery was observed, as well as opened the International Tender Center. The opening ceremony was attended by President of ALROSA Andrei Zharkov and local leaders of the diamond industry.
IDE President Yoram u'Dvash (Yoram Dvash) said that the new center is designed to increase the number of additional tenders of diamonds in Israel to help Israeli companies to avoid having to travel to other countries to participate in the auction.
Also as part of the second day IDWI signed a Memorandum of Understanding between the young representatives of the Hong Kong Association of manufacturers of jewelery (Jewellery Manufacturers Association of Hong Kong, HKJMA) and IDE for cooperation and business development. Signed a memorandum u'Dvash and the head of the younger generation HKJMA Kevin Ng (Kevin Ng).
Jean-Marc Lieberherr (Jean-Marc Lieberherr), CEO of Diamond Manufacturers Association (Diamond Producers Association, DPA), made a statement of strategic direction of the diamond marketing program aimed at representatives of "two thousandth generation", and discussed plans for 2017.
Lieberherr invited Israeli diamond industry members to use marketing materials produced by DPA. He also suggested that the diamond industry organizations become DPA partners in joint programs.
https://del.icio.us/pearlsonline
IDE President Yoram u'Dvash (Yoram Dvash) said that the new center is designed to increase the number of additional tenders of diamonds in Israel to help Israeli companies to avoid having to travel to other countries to participate in the auction.
Also as part of the second day IDWI signed a Memorandum of Understanding between the young representatives of the Hong Kong Association of manufacturers of jewelery (Jewellery Manufacturers Association of Hong Kong, HKJMA) and IDE for cooperation and business development. Signed a memorandum u'Dvash and the head of the younger generation HKJMA Kevin Ng (Kevin Ng).
Jean-Marc Lieberherr (Jean-Marc Lieberherr), CEO of Diamond Manufacturers Association (Diamond Producers Association, DPA), made a statement of strategic direction of the diamond marketing program aimed at representatives of "two thousandth generation", and discussed plans for 2017.
Lieberherr invited Israeli diamond industry members to use marketing materials produced by DPA. He also suggested that the diamond industry organizations become DPA partners in joint programs.
https://del.icio.us/pearlsonline
Stornoway Diamond Corporation has announced that its production from the Renard Diamond Project (Renard) amounted to 448,887 carats during 2016 at an average grade of stones of 112 carats per hundred tons of ore.
The results in 2016 were significantly better than the forecasts of the company, which included the production of 218 400 carats of diamonds at 97 carats per hundred tons of ore.
Commercial production at Renard was officially launched January 1, 2017. A total of 399,162 tons of ore were processed.
. The company managed to sell 38 913 carats of diamonds in 2016, with revenue of $ 7.6 million
Matt Manson (Matt Manson), President and CEO of Stornoway, commented: "In 2016, we completed the construction of the Renard diamond mine ahead of schedule and a smaller budget, and achieved commercial production at the end of the year. Our ability to bring the project to production phase earlier than planned resulted in a significant increase in production in carats for 2016 than expected, and getting an early start to the earnings before mmercheskogo production. The forecast for 2017 is cautious for diamond prices due to the uncertain market conditions and due to lower prices of small stones of poor quality. Our goal in 2017 is to maintain a good operating performance and a gradual improvement in the quality of extracted diamonds, as we continue to introduce our recycling plant into operation. "
In 2017, Stornoway plans to produce 1.7 million carats and 1.8 million carats to sell raw materials at an average price of $ 100 to $ 132 per carat.
https://del.icio.us/pearlsonline
The results in 2016 were significantly better than the forecasts of the company, which included the production of 218 400 carats of diamonds at 97 carats per hundred tons of ore.
Commercial production at Renard was officially launched January 1, 2017. A total of 399,162 tons of ore were processed.
. The company managed to sell 38 913 carats of diamonds in 2016, with revenue of $ 7.6 million
Matt Manson (Matt Manson), President and CEO of Stornoway, commented: "In 2016, we completed the construction of the Renard diamond mine ahead of schedule and a smaller budget, and achieved commercial production at the end of the year. Our ability to bring the project to production phase earlier than planned resulted in a significant increase in production in carats for 2016 than expected, and getting an early start to the earnings before mmercheskogo production. The forecast for 2017 is cautious for diamond prices due to the uncertain market conditions and due to lower prices of small stones of poor quality. Our goal in 2017 is to maintain a good operating performance and a gradual improvement in the quality of extracted diamonds, as we continue to introduce our recycling plant into operation. "
In 2017, Stornoway plans to produce 1.7 million carats and 1.8 million carats to sell raw materials at an average price of $ 100 to $ 132 per carat.
https://del.icio.us/pearlsonline
Untreated emerald weighing 887 carats, is the leading lot at Guernsey's auction in New York in April.
Gem, called "La Gloria", is one of the largest emeralds museum quality in the world, according to the auction house.
The stone was mined at the mine Muzo (Muzo) in Colombia and purchased Manuel Marcial de Gomar, a veteran trade business gems and founder Emeralds International.
Several rough and polished emeralds, which gathered De Gomar, will also be available for purchase, including the stone called "Marcial de Gomar Star". It was his Guernsey's considered the largest of emeralds with asterism and one of the 11 stones like him in the world.
https://del.icio.us/pearlsonline
Gem, called "La Gloria", is one of the largest emeralds museum quality in the world, according to the auction house.
The stone was mined at the mine Muzo (Muzo) in Colombia and purchased Manuel Marcial de Gomar, a veteran trade business gems and founder Emeralds International.
Several rough and polished emeralds, which gathered De Gomar, will also be available for purchase, including the stone called "Marcial de Gomar Star". It was his Guernsey's considered the largest of emeralds with asterism and one of the 11 stones like him in the world.
https://del.icio.us/pearlsonline
The government is discussing the possibility of early withdrawal of the diamond ALROSA President: Andrew Zharkov, head of the company since April 2015, may change the son of the former head of presidential administration Sergei Ivanov, Vice-President of Sberbank Sergei Ivanov, Jr., Bloomberg reported, citing sources. Information sources confirmed "Kommersant" in the government and a source close to shareholders (in the Federal Property Management Agency and Yakutia to 33%) and the Ministry of Finance.
According to Andrei Zharkov on a number of strategic issues at variance with the views of the officials holding the majority of seats on the Supervisory Board of ALROSA, Bloomberg writes. One of the sources of "Kommersant" says that the differences arose on the sale of Federal Property Management Agency controlling stake in OJSC "Diamond World" (until recently, the only one in the RF range of custom diamond processing), where ALROSA more than 47%, as well as the approval of the company's budget for 2017 year: Ministry of Finance insisted on its reduction, but Mr. Zharkov was against it. Other interlocutors "Kommersant" said that the head of the Alrosa had a difficult relationship with the officials, except for the company in charge of Deputy Prime Minister Yuri Trutnev, who put forward Andrei Zharkov to the post in 2015. Deputy Prime Minister insisted on the development of cutting and polishing business ALROSA, which is opposed by the former head of Fyodor Andreev (died in January 2015). Andrey Zharkov, together with the customs broker TBSS opened in 2016 Eurasian Diamond Center in Vladivostok, was unhappy than Yakutia (there is expected that the project will be implemented in the country), says one of the "Kommersant" interviewees.
http://www.feedlisting.com/rss-feed-url/898218.html
According to Andrei Zharkov on a number of strategic issues at variance with the views of the officials holding the majority of seats on the Supervisory Board of ALROSA, Bloomberg writes. One of the sources of "Kommersant" says that the differences arose on the sale of Federal Property Management Agency controlling stake in OJSC "Diamond World" (until recently, the only one in the RF range of custom diamond processing), where ALROSA more than 47%, as well as the approval of the company's budget for 2017 year: Ministry of Finance insisted on its reduction, but Mr. Zharkov was against it. Other interlocutors "Kommersant" said that the head of the Alrosa had a difficult relationship with the officials, except for the company in charge of Deputy Prime Minister Yuri Trutnev, who put forward Andrei Zharkov to the post in 2015. Deputy Prime Minister insisted on the development of cutting and polishing business ALROSA, which is opposed by the former head of Fyodor Andreev (died in January 2015). Andrey Zharkov, together with the customs broker TBSS opened in 2016 Eurasian Diamond Center in Vladivostok, was unhappy than Yakutia (there is expected that the project will be implemented in the country), says one of the "Kommersant" interviewees.
http://www.feedlisting.com/rss-feed-url/898218.html
The government is discussing the possibility of early withdrawal of the diamond ALROSA President: Andrew Zharkov, head of the company since April 2015, may change the son of the former head of presidential administration Sergei Ivanov, Vice-President of Sberbank Sergei Ivanov, Jr., Bloomberg reported, citing sources. Information sources confirmed "Kommersant" in the government and a source close to shareholders (in the Federal Property Management Agency and Yakutia to 33%) and the Ministry of Finance.
According to Andrei Zharkov on a number of strategic issues at variance with the views of the officials holding the majority of seats on the Supervisory Board of ALROSA, Bloomberg writes. One of the sources of "Kommersant" says that the differences arose on the sale of Federal Property Management Agency controlling stake in OJSC "Diamond World" (until recently, the only one in the RF range of custom diamond processing), where ALROSA more than 47%, as well as the approval of the company's budget for 2017 year: Ministry of Finance insisted on its reduction, but Mr. Zharkov was against it. Other interlocutors "Kommersant" said that the head of the Alrosa had a difficult relationship with the officials, except for the company in charge of Deputy Prime Minister Yuri Trutnev, who put forward Andrei Zharkov to the post in 2015. Deputy Prime Minister insisted on the development of cutting and polishing business ALROSA, which is opposed by the former head of Fyodor Andreev (died in January 2015). Andrey Zharkov, together with the customs broker TBSS opened in 2016 Eurasian Diamond Center in Vladivostok, was unhappy than Yakutia (there is expected that the project will be implemented in the country), says one of the "Kommersant" interviewees.
http://www.feedlisting.com/rss-feed-url/898219.html
According to Andrei Zharkov on a number of strategic issues at variance with the views of the officials holding the majority of seats on the Supervisory Board of ALROSA, Bloomberg writes. One of the sources of "Kommersant" says that the differences arose on the sale of Federal Property Management Agency controlling stake in OJSC "Diamond World" (until recently, the only one in the RF range of custom diamond processing), where ALROSA more than 47%, as well as the approval of the company's budget for 2017 year: Ministry of Finance insisted on its reduction, but Mr. Zharkov was against it. Other interlocutors "Kommersant" said that the head of the Alrosa had a difficult relationship with the officials, except for the company in charge of Deputy Prime Minister Yuri Trutnev, who put forward Andrei Zharkov to the post in 2015. Deputy Prime Minister insisted on the development of cutting and polishing business ALROSA, which is opposed by the former head of Fyodor Andreev (died in January 2015). Andrey Zharkov, together with the customs broker TBSS opened in 2016 Eurasian Diamond Center in Vladivostok, was unhappy than Yakutia (there is expected that the project will be implemented in the country), says one of the "Kommersant" interviewees.
http://www.feedlisting.com/rss-feed-url/898219.html
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