The organization Human Rights Watch (HRW) noted that long-term trust and the importance of the Kimberley Process (KP) have been undermined because of its narrow focus on combating anti-government rebel groups, and the reluctance to include human rights in their standards and operations.
Was established in 2003 KP certification scheme was to end the trade in diamonds from conflict zones. It includes representatives from 81 countries as well as observers from the diamond industry and non-governmental organizations.
Although the HRW statement said that the KP has made "significant progress" in reducing the trade in conflict diamonds, its activities should be aimed at a wider range of human rights violations related to diamond production, regardless of whether they are committed by governments, rebel armies or individuals.
"HRW also oversees institutional failures of the Kimberley Process in identifying violations of its standards and in bringing Member States to account for these violations - say in the HRW -. There is a small independent monitoring of compliance with the rules of the Kimberley Process, and only a few options for penalties for violations. "
The HRW also believe that members of the CP, following the rules, it is difficult to take action against a member of the organization, which breaks them, because you just one vote of a member country KP to block such decisions. KP takes decisions by consensus, not by vote.
"In light of these significant problems, the HRW did not intend to join the Kimberley Process in any capacity. However, the HRW expresses its support for other organizations who are trying to reform the Kimberley Process as observers from civil society," they said in the HRW.
"We will continue to call on the Kimberley Process to increase their potential Consumers should be assured that the diamonds they buy have not been mined in situations of serious violations of human rights.", - concluded in the HRW.
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Saturday, July 15, 2017
Joint Stock Company "ALROSA" (PJSC), the largest in the world in terms of diamond production, announces the start of the development of new primary diamond deposits "Dawn" Aikhal mining and processing plant.
Today, industrial explosions in the tube has begun the first phase of field development - open work on the release of the ore body from under the layer of sedimentary overburden. By 2021 the company intends to reach full capacity of 1 million tons of ore per year. Diamond mine operating period is 13 years.
"Building a career on the field - it is a very important investment project - says First Vice-President - Executive Director of" ALROSA "(PAO) Igor Sobolev. - Start of mining operations on the tube "Dawn" will provide a replacement of the outgoing stocks career "Komsomol".
Development of primary diamond deposits "Dawn" Aikhal GOK - one of the largest investment projects of "ALROSA". The estimated initial investment is 9.8 billion rubles.
"Development of the" Dawn "guarantees a stable occupancy rate of existing facilities and provide a supply of diamonds in a total volume of 3.6 million carats for the entire period of development of the deposit," - said the President of "ALROSA" Andrei Zharkov.
Aikhal mining plant (mine), built in 1986 year, includes extraction of diamonds pits "Jubilee", "Komsomolski" and mine "Aikhal". The share of the plant in the total production of the Group ALROSA diamond was 32% in 2015. In 1Q. 2016 Aikhal diamond mine produced 2.68 million carats. At the plant employs more than 4,300 people.
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Today, industrial explosions in the tube has begun the first phase of field development - open work on the release of the ore body from under the layer of sedimentary overburden. By 2021 the company intends to reach full capacity of 1 million tons of ore per year. Diamond mine operating period is 13 years.
"Building a career on the field - it is a very important investment project - says First Vice-President - Executive Director of" ALROSA "(PAO) Igor Sobolev. - Start of mining operations on the tube "Dawn" will provide a replacement of the outgoing stocks career "Komsomol".
Development of primary diamond deposits "Dawn" Aikhal GOK - one of the largest investment projects of "ALROSA". The estimated initial investment is 9.8 billion rubles.
"Development of the" Dawn "guarantees a stable occupancy rate of existing facilities and provide a supply of diamonds in a total volume of 3.6 million carats for the entire period of development of the deposit," - said the President of "ALROSA" Andrei Zharkov.
Aikhal mining plant (mine), built in 1986 year, includes extraction of diamonds pits "Jubilee", "Komsomolski" and mine "Aikhal". The share of the plant in the total production of the Group ALROSA diamond was 32% in 2015. In 1Q. 2016 Aikhal diamond mine produced 2.68 million carats. At the plant employs more than 4,300 people.
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"ALROSA" (PJSC) announced that it has signed an agreement with JSC "Alfa-Bank" to postpone the maturity of the loan in the amount of $ 720 million from 2017 to 2019.
As part of liquidity management ALROSA maturity of bank loans in the amount of $ 720 million raised in 2014, was transferred from 04/28/2017 to 01/07/2019, with the preservation of the current rate of 4.3% per annum.
As a result of refinancing the debt repayment schedule ALROSA on credits and loans in the amount of $ 2 690 million is as follows: $ 370 million in 2017, $ 600 million in 2018, $ 720 million in 2019 and $ 1 000 million in 2020.
Commenting on the signing of the agreement, Vice President - Chief Financial Officer ALROSA Kulichik IM He said: "Loan Refinancing of" Alfa-Bank "allows to optimize the schedule of repayment of the Company's debt. ALROSA is consistently implementing a balanced liquidity management policy in advance by creating sources of repayment obligations for payments on loans. "
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As part of liquidity management ALROSA maturity of bank loans in the amount of $ 720 million raised in 2014, was transferred from 04/28/2017 to 01/07/2019, with the preservation of the current rate of 4.3% per annum.
As a result of refinancing the debt repayment schedule ALROSA on credits and loans in the amount of $ 2 690 million is as follows: $ 370 million in 2017, $ 600 million in 2018, $ 720 million in 2019 and $ 1 000 million in 2020.
Commenting on the signing of the agreement, Vice President - Chief Financial Officer ALROSA Kulichik IM He said: "Loan Refinancing of" Alfa-Bank "allows to optimize the schedule of repayment of the Company's debt. ALROSA is consistently implementing a balanced liquidity management policy in advance by creating sources of repayment obligations for payments on loans. "
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Companies mining diamonds and gold in Zimbabwe is likely to face losses on the background of interruptions to payments in favor of foreign suppliers.
These companies have to obtain approval for all operations carried out with foreign suppliers.
Local newspaper Herald reports that hold 100% of the proceeds from the sales of gold and diamonds, which is made by the Reserve Bank of Zimbabwe, implies that mining companies do not have a "buffer fund urgent payments in favor of foreign companies to meet production requirements."
"Companies in the mining sector is not currently regarded as a priority in the allocation of foreign currency, hence, they are faced with payment delays of 20-30 days period This worsens the situation in the industry." - said the president of the Chamber of Mines of that country Muganyi (Toi Muganyi) .
"... In this regard, the producers (minerals) are also facing difficulties in ensuring prompt payment of up to 20% of the production requirements, which negatively affects the volume of production", - he added.
Due to the lack of liquidity the central bank of Zimbabwe introduced a priority list for importing to direct limited resources primarily on the needs of the major sectors of the economy.
Limitations on the removal of funds also affects the extraction of minerals.
Typically, mining companies have withdrawn cash to pay salaries to the workers.
"These measures mean that workers are forced to travel long distances to get access to cash for their everyday expenses Against this background, reported outages mining companies." - continues Muganyi.
"The Chamber recommends to issue special permits for the mining industry so that workers in this industry have the opportunity to take a reasonable amount of cash near the offices of the companies also need to meet the demand for cash in the mining sector.", - he concluded.
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These companies have to obtain approval for all operations carried out with foreign suppliers.
Local newspaper Herald reports that hold 100% of the proceeds from the sales of gold and diamonds, which is made by the Reserve Bank of Zimbabwe, implies that mining companies do not have a "buffer fund urgent payments in favor of foreign companies to meet production requirements."
"Companies in the mining sector is not currently regarded as a priority in the allocation of foreign currency, hence, they are faced with payment delays of 20-30 days period This worsens the situation in the industry." - said the president of the Chamber of Mines of that country Muganyi (Toi Muganyi) .
"... In this regard, the producers (minerals) are also facing difficulties in ensuring prompt payment of up to 20% of the production requirements, which negatively affects the volume of production", - he added.
Due to the lack of liquidity the central bank of Zimbabwe introduced a priority list for importing to direct limited resources primarily on the needs of the major sectors of the economy.
Limitations on the removal of funds also affects the extraction of minerals.
Typically, mining companies have withdrawn cash to pay salaries to the workers.
"These measures mean that workers are forced to travel long distances to get access to cash for their everyday expenses Against this background, reported outages mining companies." - continues Muganyi.
"The Chamber recommends to issue special permits for the mining industry so that workers in this industry have the opportunity to take a reasonable amount of cash near the offices of the companies also need to meet the demand for cash in the mining sector.", - he concluded.
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West African company Stellar Diamonds Plc., A leading mining and exploration work in the diamond fields, has announced a June in Antwerp on the trading floor of the Belgian auction house DDA new tender 3184 carats of rough diamonds from the party trial production from kimberlite project Baul (Baoulé) in the region Aredor (Aredor) in Guinea, told Atverpensky World diamond center (AWDC).
Views products will take place by appointment only in shopping DDA office at Antwerp Diamond Bank at - Pelikaanstraat 54, 2018 Antwerp.
The auction itself will run from Monday, June 20 to Monday, June 27 with the closing of trading on Tuesday, June 28th. Auction results will be announced shortly after the completion of the auction.
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Views products will take place by appointment only in shopping DDA office at Antwerp Diamond Bank at - Pelikaanstraat 54, 2018 Antwerp.
The auction itself will run from Monday, June 20 to Monday, June 27 with the closing of trading on Tuesday, June 28th. Auction results will be announced shortly after the completion of the auction.
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De Beers has decided to get rid of the 50-percent stake in the only coal mine in Botswana in favor of the government, as Anglo American, the owner of the diamond company intends to upgrade its portfolio of upstream assets.
De Beers owns part of the shares of coal mine Morupule (Morupule) through the Debswana company, a joint venture with the Botswana government.
Reuters news agency quoted the Director General of Minerals Development Company of Botswana (MDCB) Paul Smith (Paul Smith), who noted that the proportion of the mines owned by De Beers, will be transferred to a new specially created for this company.
However, it declined to identify the exact amount of the transaction.
According to Reuters, the mine Morupule 3.2 million tons of coal mined each year.
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De Beers owns part of the shares of coal mine Morupule (Morupule) through the Debswana company, a joint venture with the Botswana government.
Reuters news agency quoted the Director General of Minerals Development Company of Botswana (MDCB) Paul Smith (Paul Smith), who noted that the proportion of the mines owned by De Beers, will be transferred to a new specially created for this company.
However, it declined to identify the exact amount of the transaction.
According to Reuters, the mine Morupule 3.2 million tons of coal mined each year.
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The corporation Dominion Diamond Corporation announced a quarterly loss in terms of product quality deterioration, its full Ekati mine (Ekati) in Canada, which is why the average price of diamonds sold fell by 62%.
The mining company reported a loss of $ 1 million in the first fiscal quarter, which ended April 30, against a profit of $ 12 million a year ago. The average price of diamonds from the Ekati mine fell to $ 68 per carat to $ 180 a year earlier.
Quarter came in "transition period" in the Ekati mine, the development of poorer quality stocks. Lull also entail impairment of inventories in the amount of $ 19.6 million, which, along with the influence of exchange rates on the income tax contributed to the loss, the company added. However, Dominion statement, the company in May, the beginning of commercial production at Misery Maine (Misery Main), «the richest ore body in the land owned Ekati."
As reported last month, sales in the first fiscal quarter were down 5% compared with the previous year, to $ 178.3 million in the fall in rough diamond prices over the same period last year.
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The mining company reported a loss of $ 1 million in the first fiscal quarter, which ended April 30, against a profit of $ 12 million a year ago. The average price of diamonds from the Ekati mine fell to $ 68 per carat to $ 180 a year earlier.
Quarter came in "transition period" in the Ekati mine, the development of poorer quality stocks. Lull also entail impairment of inventories in the amount of $ 19.6 million, which, along with the influence of exchange rates on the income tax contributed to the loss, the company added. However, Dominion statement, the company in May, the beginning of commercial production at Misery Maine (Misery Main), «the richest ore body in the land owned Ekati."
As reported last month, sales in the first fiscal quarter were down 5% compared with the previous year, to $ 178.3 million in the fall in rough diamond prices over the same period last year.
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Fantasy bright blue diamond "Cullinan Dream" (Cullinan Dream), produced by Petra Diamonds, was sold at auction in New York for $ 25.37 million.
The diamond company will receive 15% of the proceeds from the sale of stone, according to Reuters.
Diamond was created from a 122.52-carat diamond found in 2014 at the mine Cullinan (Cullinan) Petra companies in South Africa.
In September 2014 Petra sold a 122.52-carat diamond for cutting of $ 23.5 million.
As a result, the cut of a diamond has been received 4 diamonds of various sizes, including "Dream Cullinan" weighing 23.18 carats rectangular mixed cut with cut corners ; 11.3-carat pear-cut stone; diamond weighing 10.3 carats of square cut diamonds; and 7-carat cut stone "cushion".
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The diamond company will receive 15% of the proceeds from the sale of stone, according to Reuters.
Diamond was created from a 122.52-carat diamond found in 2014 at the mine Cullinan (Cullinan) Petra companies in South Africa.
In September 2014 Petra sold a 122.52-carat diamond for cutting of $ 23.5 million.
As a result, the cut of a diamond has been received 4 diamonds of various sizes, including "Dream Cullinan" weighing 23.18 carats rectangular mixed cut with cut corners ; 11.3-carat pear-cut stone; diamond weighing 10.3 carats of square cut diamonds; and 7-carat cut stone "cushion".
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Fourteenth Annual Conference "Botswana Resource Sector" was opened in the country's capital, Gaborone.
The two-day event attracted hundreds of industry leaders, despite the cold weather, set in Botswana.
Organizers of the event said that the agenda of this year expanded to include infrastructure issues, which focus on the problems of energy, water, environment and transport.
Participants will also discuss issues relating to investment and financing projects.
In addition to keynote speeches, delivered by some speakers at the conference for the first time will be panel discussions with the participation of players in the resource market and other industry professionals.
Botswana is the leading producer by value and volume of extraction of diamonds. She recently lost its leadership Russia, as Debswana company, which is half-owned by De Beers, has reduced production as a result of problems faced by the diamond industry.
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The two-day event attracted hundreds of industry leaders, despite the cold weather, set in Botswana.
Organizers of the event said that the agenda of this year expanded to include infrastructure issues, which focus on the problems of energy, water, environment and transport.
Participants will also discuss issues relating to investment and financing projects.
In addition to keynote speeches, delivered by some speakers at the conference for the first time will be panel discussions with the participation of players in the resource market and other industry professionals.
Botswana is the leading producer by value and volume of extraction of diamonds. She recently lost its leadership Russia, as Debswana company, which is half-owned by De Beers, has reduced production as a result of problems faced by the diamond industry.
http://pearlsgift.blogspot.ca/
North Arrow Minerals Inc. after receipt of the initial results of the analysis on microdiamonds reported that all kimberlite diamond project Pico (Pikoo) are diamondiferous. This also applies to the new kimberlites PK346.
As reported earlier North Arrow, a total drilling program within 2016 m 2124 wells have been drilled, with kimberlites managed to cross in 14 out of 19 of these wells. The most significant discoveries of kimberlites managed to make in the northern part of Pico, where 7 out of 9 wells kimberlite was discovered.
Detailed petrographic company conducts research to improve the interpretation of kimberlite pico northern section, and uses of diamond extraction, concentration and documenting rock core. A number of samples of each of the kimberlites were sent to study the composition and concentration of the breed, to determine whether they are potential sources of priority for the company pyrope garnets, defined in the study of kimberlite indicator minerals in the northern area of Pico.
Results of the analysis of diamonds reported by North Arrow, were obtained by alkaline fusion, carried out in the laboratory Geoanaliticheskoy Saskatchewan Research Council (Saskatchewan Research Council Geoanalytical Laboratories, SRC ).
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As reported earlier North Arrow, a total drilling program within 2016 m 2124 wells have been drilled, with kimberlites managed to cross in 14 out of 19 of these wells. The most significant discoveries of kimberlites managed to make in the northern part of Pico, where 7 out of 9 wells kimberlite was discovered.
Detailed petrographic company conducts research to improve the interpretation of kimberlite pico northern section, and uses of diamond extraction, concentration and documenting rock core. A number of samples of each of the kimberlites were sent to study the composition and concentration of the breed, to determine whether they are potential sources of priority for the company pyrope garnets, defined in the study of kimberlite indicator minerals in the northern area of Pico.
Results of the analysis of diamonds reported by North Arrow, were obtained by alkaline fusion, carried out in the laboratory Geoanaliticheskoy Saskatchewan Research Council (Saskatchewan Research Council Geoanalytical Laboratories, SRC ).
http://traditionpearlnecklace.blogspot.ca/
In DiamondCorp noted that two parcels of diamonds from the mine Lace (Lace), are ready to become part of a larger diamond tender in Antwerp at the end of this month, we were sold diamantaires from South Africa, as the reserve price on the lot data have been exceeded in the course of their export from the country .
Two parties were held from 1838 carats of diamonds mined at the mine itself, and 1679 carats in the framework of processing tailings at Lace.
The average price per carat of data batches of diamonds amounted to an average of $ 189 and $ 53, and the total cost of the two parties - $ 436 597.
"Every tender the company consists of a number of export supplies, each of which is given a 4-day period in which licensed in South Africa diamantaires can standing offer price for the exported diamonds, "- said CEO Pol Laudon DiamondCorp (Paul Loudon).
"If the reserve price set by DiamondCorp for parcels of diamonds, diamond dealers will lower rates, the company will be obliged to sell a diamond buyer who offered the highest price," - he added.
Meanwhile, prices for diamonds batch data were the highest for the diamonds mined at the Lace mine. The company expects that the average cost of the stones will be only $ 164 per carat.
"Higher prices for our diamonds reflect an increase in the size of the bottom of the screen cell with a 1.00 to 1.25 mm, and a portion of the recovered diamonds weighing over 4 carats" - continues to Loudon.
In DiamondCorp reported that two of the three underground trucks, purchased in April, which needed repair, will be put into operation by the end of this month. At the same time, the company has bought another one, nearly new loader. Through this DiamondCorp it intends to increase volumes by July loading ore onto a conveyor belt up to 30 000 tonnes per month UK4 block.
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Friday, July 14, 2017
The Responsible Jewelry Council practice (Responsible Jewellery Council, RJC) held an annual general meeting at the JCK Show in Las Vegas, June 5, 2016, and elected its new chairman.
RJC held its first annual meeting in the United States. During the meeting the RJC members chose Dr. Wilfred Horner (Wilfried Hoerner) of Argor Heraeus SA new chairman of the board of directors of the organization.
Endryu Boun (Andrew Bone), executive director of the RJC, said: "On behalf of the management team, I would like to warmly congratulate on his appointment Wilfred We look forward to working with him and the board of directors to build on the success of the last ten years.".
"I would like to take this opportunity to thank the RJC members for his election as Chairman of the Board of Directors. I am aware of the responsibilities and tasks that I gave RJC members. While in front of us waiting for the test, I look forward to working with the management team to take advantage of many opportunities that will open up to us the activities of the RJC "in the next ten years - said Horner.
After the annual general meeting of RJC organized an open discussion with a number of experts the jewelry industry, representing the entire jewelry line - from mine to retail. In an interactive session, panelists focused on the added value provided by RJC certification, and its impact on the company performance in areas such as binding legislation, access to global markets and preparing for the next generation of buyers. The discussion was attended by representatives of De Beers, Metalor, Venus Jewel, Richline, Fair Trade Jewellery Company and DDI. Moderated the discussion representatives of Signet Jewelers Ltd.
The next day RJC released its annual report on development for 2016. RJC report reflects achievements in 2015 and demonstrates its continued efforts to increase the number of participants, certification benchmarks, standards development and the involvement of auditors.
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The relationship between De Beers and Signet Jewelers to a new level after the Forevermark announced that it adapts to the concept developed by Signet ring with two stones "Together Forever» (Ever Us) for its advertising campaign for the holiday season 2016.
"We see an opportunity to promote jewelry with two stones in the same way as in the past it was a ring with three stones - told Rapaport News at the jewelery show JCK Las Vegas Forevermark US President Charlz Stenli (Charles Stanley). - We will launch a campaign separately from Signet and expect that thanks to the two programs really get the concept of recognition. "
The Signet's, which has launched a campaign "Together Forever" for the holiday season of 2015, noted that this jewelry line contributed to sales growth in the fourth quarter and later, in the first three months of 2016. Signet campaign last year included the collection of the Forevermark, which were able to offer our clients independent shops involved in the implementation of the Forevermark diamond jewelry.
This year Forevermark launch its own advertising under the slogan "Together Forever" on national TV, in electronic and print media, presenting its own line of jewelry with two stones, including rings, pendants and earrings. The company will continue to develop the theme of last year's "Number One» (The One) with the slogan "Diamonds - forever." She also re-launch the campaign "Carpe Diem» (Seize the Day), calling for men this Christmas to buy diamonds from one of the seven lines Forevermark products.
As explained by Stanley, Forevermark marketing will focus on two segments of consumers - wealthy brides and grooms aged 25 to 44 years old with an income per household of more than 150 000 dollars a year. The second group - this is provided by women from 25 to 64 years with an annual income per household of more than 200 000 dollars.
Forevermark unveiled its marketing program for 2016 at the JCK Las Vegas show, along with new product lines. It was a collection of Forevermark Black Label Collection, which Stanley described as a premium brand range with the "best of the best" diamonds.
Forevermark has also expanded the range of stones, which can be applied to the name of the brand, and now it starts from 0.10 carats. Previously, the lower limit was 0.14 carats. Also Forevermark Petit segment for stones category "chalk" was presented at the same time, the public was presented the idea of 'card Forevermark »(Forevermark dossier) for diamonds weighing up to 0.49 carats. The company is reviewing its fee structure for small diamonds, she explained Stanley.
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"We see an opportunity to promote jewelry with two stones in the same way as in the past it was a ring with three stones - told Rapaport News at the jewelery show JCK Las Vegas Forevermark US President Charlz Stenli (Charles Stanley). - We will launch a campaign separately from Signet and expect that thanks to the two programs really get the concept of recognition. "
The Signet's, which has launched a campaign "Together Forever" for the holiday season of 2015, noted that this jewelry line contributed to sales growth in the fourth quarter and later, in the first three months of 2016. Signet campaign last year included the collection of the Forevermark, which were able to offer our clients independent shops involved in the implementation of the Forevermark diamond jewelry.
This year Forevermark launch its own advertising under the slogan "Together Forever" on national TV, in electronic and print media, presenting its own line of jewelry with two stones, including rings, pendants and earrings. The company will continue to develop the theme of last year's "Number One» (The One) with the slogan "Diamonds - forever." She also re-launch the campaign "Carpe Diem» (Seize the Day), calling for men this Christmas to buy diamonds from one of the seven lines Forevermark products.
As explained by Stanley, Forevermark marketing will focus on two segments of consumers - wealthy brides and grooms aged 25 to 44 years old with an income per household of more than 150 000 dollars a year. The second group - this is provided by women from 25 to 64 years with an annual income per household of more than 200 000 dollars.
Forevermark unveiled its marketing program for 2016 at the JCK Las Vegas show, along with new product lines. It was a collection of Forevermark Black Label Collection, which Stanley described as a premium brand range with the "best of the best" diamonds.
Forevermark has also expanded the range of stones, which can be applied to the name of the brand, and now it starts from 0.10 carats. Previously, the lower limit was 0.14 carats. Also Forevermark Petit segment for stones category "chalk" was presented at the same time, the public was presented the idea of 'card Forevermark »(Forevermark dossier) for diamonds weighing up to 0.49 carats. The company is reviewing its fee structure for small diamonds, she explained Stanley.
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According to the company Lucara Diamond, large diamonds, like the 1109-carat "Lesedi La Rona", it is not difficult to sell. The company observes the high interest in the diamond by a few buyers who are ready to buy the second largest diamond of gem quality in the world.
COO Lucara Pol Dey (Paul Day) told Rough & Polished on the sidelines of the conference "Botswana Resource Sector" in Gaborone on the sarcastic remarks of some diamond brokers, who said that the best thing they could have done with a diamond weighing 1,000 carats and more it is to split it with a hammer into smaller stones that will be easier to sell.
"We think that the situation is just the opposite ... (because) we are seeing high interest in sale of our diamonds, which are becoming larger with the progress of production", - said Day.
"We also believe that beginning to understand this market through continuous interest in stones with high value. As soon as we were able to get the largest diamond" Lesedi ", we received an offer to purchase from a number of individuals and organizations at a higher price" - he added.
Day also noted that interest in buying "Lesedi La Rona" showed not only the traditional diamantaires, but also private collectors of expensive and unique items.
"That's why we decided to organize an open auction the diamond instead of a closed tender, which usually attracts only (traditional diamond buyers)", - he concluded the Day.
"Lesedi La Rona" has exhibited in Asia, Dubai and the Middle East, as well as in New York and Antwerp, and is now on display in London.
Unique diamond auction held at the end of this month.
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COO Lucara Pol Dey (Paul Day) told Rough & Polished on the sidelines of the conference "Botswana Resource Sector" in Gaborone on the sarcastic remarks of some diamond brokers, who said that the best thing they could have done with a diamond weighing 1,000 carats and more it is to split it with a hammer into smaller stones that will be easier to sell.
"We think that the situation is just the opposite ... (because) we are seeing high interest in sale of our diamonds, which are becoming larger with the progress of production", - said Day.
"We also believe that beginning to understand this market through continuous interest in stones with high value. As soon as we were able to get the largest diamond" Lesedi ", we received an offer to purchase from a number of individuals and organizations at a higher price" - he added.
Day also noted that interest in buying "Lesedi La Rona" showed not only the traditional diamantaires, but also private collectors of expensive and unique items.
"That's why we decided to organize an open auction the diamond instead of a closed tender, which usually attracts only (traditional diamond buyers)", - he concluded the Day.
"Lesedi La Rona" has exhibited in Asia, Dubai and the Middle East, as well as in New York and Antwerp, and is now on display in London.
Unique diamond auction held at the end of this month.
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Minister of Natural Resources of Botswana Onkokame Kitts Mokaila (Onkokame Kitso Mokaila) stated the need for greater effort on the part of all members of the diamond industry to address the problem of low operating efficiency.
The conference "Botswana Resource Sector" in Gaborone Minister said that the government is closely monitoring the ongoing challenges in commodity markets and volatility, and is ready to render all possible assistance in each case.
"The final segment of the diamond industry should participate in global marketing initiatives for the current generation could become a long-term user of diamonds is necessary to promote a new advertising campaign." True - rarely. Genuine - a diamond "-. Adds Mokaila
diamond market Weakening impact negatively on the economic performance of Botswana.
Diamond exports provide about one third of its GDP, 80% of export revenues and 40% of budgetary revenues.
Mokaila noted that the negative situation in the diamond market was caused by China's slowing economic growth and a further decline in the profitability of diamond mining operations, as well as the deepening of the existing mines and opening of new diamond projects in more remote regions of the world.
He also said that, not Motrya on a difficult period, the diamond industry has to "take into account the fact that the commodity markets has long characterized by cycles of rise and fall."
"forecasts a number of sources, and many market participants suggest that commodity prices will continue to remain under pressure until 2017, and in the years 2018-2022 they will moderately increase, "- the minister said.
" So we need to focus on optimizing processes, increasing the added value and reducing risks, as well as to increase the stability of diamond mining operations in. One way to achieve these goals is the beneficiation of diamonds to create a competitive advantage, "- he concluded.
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The conference "Botswana Resource Sector" in Gaborone Minister said that the government is closely monitoring the ongoing challenges in commodity markets and volatility, and is ready to render all possible assistance in each case.
"The final segment of the diamond industry should participate in global marketing initiatives for the current generation could become a long-term user of diamonds is necessary to promote a new advertising campaign." True - rarely. Genuine - a diamond "-. Adds Mokaila
diamond market Weakening impact negatively on the economic performance of Botswana.
Diamond exports provide about one third of its GDP, 80% of export revenues and 40% of budgetary revenues.
Mokaila noted that the negative situation in the diamond market was caused by China's slowing economic growth and a further decline in the profitability of diamond mining operations, as well as the deepening of the existing mines and opening of new diamond projects in more remote regions of the world.
He also said that, not Motrya on a difficult period, the diamond industry has to "take into account the fact that the commodity markets has long characterized by cycles of rise and fall."
"forecasts a number of sources, and many market participants suggest that commodity prices will continue to remain under pressure until 2017, and in the years 2018-2022 they will moderately increase, "- the minister said.
" So we need to focus on optimizing processes, increasing the added value and reducing risks, as well as to increase the stability of diamond mining operations in. One way to achieve these goals is the beneficiation of diamonds to create a competitive advantage, "- he concluded.
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Joint Stock Company "ALROSA" (PJSC), the largest in the world in terms of diamond production, in a press release issued on Wednesday, said acceptance into service of new vehicles in preparation for the development of the Upper Muna field.
Three new trains "Scania" carrying capacity of 90 tons each, and trailers "Tonar" carrying capacity of 130 tonnes started diamondiferous ore delivery tube of "Zarnitsa" ? the processing plant 12, which is located 18 km from the deposit.
Delivery of vehicles is carried out within the framework of the investment project on the replacement of heavy-duty dump dump "Caterpillar" on the trains of the Swedish brand "Scania" and Russian "Tonar". In August of this year, the production site Udachninsky GOK go another road train "Tonar" already carrying capacity of 130 tons. During the year, "ALROSA" will also receive two "Volvo" with carrying capacity of 90 tons.
"Implementation of the project with the use of trucks significantly reduces the investment costs of companies in the rock mass transportation" Summer Lightning "from the tube. Increases the profitability of the remote and poorly-commodity deposits by reducing the cost of transportation technology, "- says Alexander Bondarenko, head of domestic investment projects management" ALROSA ".
Autotrains "Scania", "Tonar", and "sale" will be used to deliver diamondiferous ore in developing Upper Muna ore field reserves diamond estimated at 38.3 million carats.
http://pearlgiftjewelry.blogspot.ca/
Three new trains "Scania" carrying capacity of 90 tons each, and trailers "Tonar" carrying capacity of 130 tonnes started diamondiferous ore delivery tube of "Zarnitsa" ? the processing plant 12, which is located 18 km from the deposit.
Delivery of vehicles is carried out within the framework of the investment project on the replacement of heavy-duty dump dump "Caterpillar" on the trains of the Swedish brand "Scania" and Russian "Tonar". In August of this year, the production site Udachninsky GOK go another road train "Tonar" already carrying capacity of 130 tons. During the year, "ALROSA" will also receive two "Volvo" with carrying capacity of 90 tons.
"Implementation of the project with the use of trucks significantly reduces the investment costs of companies in the rock mass transportation" Summer Lightning "from the tube. Increases the profitability of the remote and poorly-commodity deposits by reducing the cost of transportation technology, "- says Alexander Bondarenko, head of domestic investment projects management" ALROSA ".
Autotrains "Scania", "Tonar", and "sale" will be used to deliver diamondiferous ore in developing Upper Muna ore field reserves diamond estimated at 38.3 million carats.
http://pearlgiftjewelry.blogspot.ca/
Stellar Diamonds said that the evaluation of diamonds parties resulting from the test drilling for kimberlite Baul (Baoulé) in Guinea was completed after the extraction and processing of more than 100 000 tonnes of kimberlite.
Geology of some parts of the kimberlite pipe is quite complicated. In some parts of both kimberlite lobes observed a number of intrusions and contact breccia zones, the western area contains particularly many intersecting kimberlite dykes later stage, added the company.
As they say in Stellar, it was produced 11,808 carats at an average grade of 11 carats per hundred tons of rock larger than 1.25 mm.
CEO Karl Smithson (Karl Smithson) said that the company was able to detect 929 stones larger than 1 carat, among them a number of valuable and fancy yellow diamonds.
In addition, Stellar mined diamond weighing 55 carats. With this strengthened the company's confidence that the Baul is a source of large diamonds, which are known zone Aredor (Aredor) in Guinea.
"These results show a clear difference in the content and quality of the diamonds on the western and eastern lobe of the kimberlite A larger proportion of the eastern contain more diamonds, quality is also higher." - continues to Smithson.
"Because we were able to identify the zone with a higher content of diamonds, we plan in June to sell another batch of diamonds weighing 3,188 carats produced from the western mines share", - he added.
As expected, the new diamond tender will bring the company additional revenues in excess of $ 1 million, which she managed to get so far from the sale of diamonds.
"Then we will complete the necessary modeling of content and value of the diamond in the evaluation of content resources in the project, that it is for the tube Baul expected to be about 3 million carats of diamonds." - concluded Smithson.
http://royalpearljewelry.blogspot.ca/
Geology of some parts of the kimberlite pipe is quite complicated. In some parts of both kimberlite lobes observed a number of intrusions and contact breccia zones, the western area contains particularly many intersecting kimberlite dykes later stage, added the company.
As they say in Stellar, it was produced 11,808 carats at an average grade of 11 carats per hundred tons of rock larger than 1.25 mm.
CEO Karl Smithson (Karl Smithson) said that the company was able to detect 929 stones larger than 1 carat, among them a number of valuable and fancy yellow diamonds.
In addition, Stellar mined diamond weighing 55 carats. With this strengthened the company's confidence that the Baul is a source of large diamonds, which are known zone Aredor (Aredor) in Guinea.
"These results show a clear difference in the content and quality of the diamonds on the western and eastern lobe of the kimberlite A larger proportion of the eastern contain more diamonds, quality is also higher." - continues to Smithson.
"Because we were able to identify the zone with a higher content of diamonds, we plan in June to sell another batch of diamonds weighing 3,188 carats produced from the western mines share", - he added.
As expected, the new diamond tender will bring the company additional revenues in excess of $ 1 million, which she managed to get so far from the sale of diamonds.
"Then we will complete the necessary modeling of content and value of the diamond in the evaluation of content resources in the project, that it is for the tube Baul expected to be about 3 million carats of diamonds." - concluded Smithson.
http://royalpearljewelry.blogspot.ca/
Lucara Diamond 274.33 carats produced after processing 5916 tonnes Kimberlite with BK02 zone Botswana, the diamond content in the rock is estimated at 4.6 carats per hundred tons of ore.
The largest of the stones found turned out to be 5.48-carat brown diamond of octahedral shape.
In addition, 24 more were recovered stones weighing over 1 carat.
"The results of the completion of the first bulk sampling kimberlite VK02 very inspirational, and they are an important milestone for Lucara, - said CEO Uilyam Lemb (William Lamb) -. The completion of sampling, the ongoing exploration and obtaining production licenses, as well as the beginning of the program deep drilling on the southern lobe of the kimberlite open for Lucara ability to meet its obligations related to the expansion of the resource base in the Orapa region (Orapa) in Botswana. "
The results of the sampling kimberlite VK02 showed that the distribution of the diamonds on the project resembles that of mine cars (Karowe), also owned by Lucara.
The company plans to conduct a limited drilling program on VK02 to better define the boundaries of kimberlite, the internal geology and for the selection of material for analysis microdiamonds.
However, in Lucara noted that the mine cars program started drilling wells with a total length of 10 000 m for checking inventories rock below 400 m deep southern section kimberlite AK06.
The results of the drilling program and other studies will be used to form an updated resource assessment of the mine cars
http://bridalpearlnecklace.blogspot.ca/
The largest of the stones found turned out to be 5.48-carat brown diamond of octahedral shape.
In addition, 24 more were recovered stones weighing over 1 carat.
"The results of the completion of the first bulk sampling kimberlite VK02 very inspirational, and they are an important milestone for Lucara, - said CEO Uilyam Lemb (William Lamb) -. The completion of sampling, the ongoing exploration and obtaining production licenses, as well as the beginning of the program deep drilling on the southern lobe of the kimberlite open for Lucara ability to meet its obligations related to the expansion of the resource base in the Orapa region (Orapa) in Botswana. "
The results of the sampling kimberlite VK02 showed that the distribution of the diamonds on the project resembles that of mine cars (Karowe), also owned by Lucara.
The company plans to conduct a limited drilling program on VK02 to better define the boundaries of kimberlite, the internal geology and for the selection of material for analysis microdiamonds.
However, in Lucara noted that the mine cars program started drilling wells with a total length of 10 000 m for checking inventories rock below 400 m deep southern section kimberlite AK06.
The results of the drilling program and other studies will be used to form an updated resource assessment of the mine cars
http://bridalpearlnecklace.blogspot.ca/
The bank Standard Chartered said the termination of funding of a number of sectors of the diamond and jewelry industry to reduce the volume of investments in riskier assets, according to Reuters.
Division of Standard Chartered, is engaged in the issuance of loans to companies lapidary jewelry and diamond industry, will be closed. Under his direction, were loans totaling about $ 2 billion.
"Further funding for the cutting and polishing segment of the jewelry and diamond industry goes beyond the more rigid boundaries risks of our bank we work with our customers for a smooth completion of the work of this department." - said the representative of the bank.
In the past two years, a number of banks in the world's largest jewelry and diamond markets - such as India - stopped lending to this sector, fearing the growing number of defaults, as well as on the background of tighter regulation and more rigorous audits of government in this segment. In view of these factors and the diamond jewelry market was faced with a lack of lending.
Since January of this year, banks such as Standard Chartered, State Bank of India, IDBI Bank Ltd and ABN Amro have become more cautious about their investments in the jewelry sector.
http://pearlsgift.blogspot.ca/
Division of Standard Chartered, is engaged in the issuance of loans to companies lapidary jewelry and diamond industry, will be closed. Under his direction, were loans totaling about $ 2 billion.
"Further funding for the cutting and polishing segment of the jewelry and diamond industry goes beyond the more rigid boundaries risks of our bank we work with our customers for a smooth completion of the work of this department." - said the representative of the bank.
In the past two years, a number of banks in the world's largest jewelry and diamond markets - such as India - stopped lending to this sector, fearing the growing number of defaults, as well as on the background of tighter regulation and more rigorous audits of government in this segment. In view of these factors and the diamond jewelry market was faced with a lack of lending.
Since January of this year, banks such as Standard Chartered, State Bank of India, IDBI Bank Ltd and ABN Amro have become more cautious about their investments in the jewelry sector.
http://pearlsgift.blogspot.ca/
As noted by the Chamber of Mines in Botswana, the diamond beneficiation in the country is in its infancy, but soon it will improve performance.
In 2015, 20 of the remaining processed diamonds at $ 1 billion in Botswana diamond cutting enterprises per year.
The head of the Chamber of Mines of Botswana Charlz Sivava (Charles Siwawa) said at the conference "Botswana Resource Sector" in Gaborone that the sorting of diamonds mined De Beers, is already an important step in this direction.
"You can increase the value added due to higher production, processing and production of finished products to the market", - says Sivava.
"For example, the diamond industry is defined as the process of cutting beneficiation in favor of the entire diamond supply chain," - continues to head of the Chamber of Mines.
He added that the availability of rough diamonds to local cutters thanks to an agreement on sales of De Beers with the government in 2011 has brought positive results, however, the sufficient employment in the sector has been established.
Earlier, it employs about 4,000 people in Botswana diamond cutting sector, but since then the number of jobs in this sector has fallen by about 50% due to the slowdown in the diamond market.
At the same time, cutting and polishing firms credit conditions have tightened.
Last year, two factories cutting and polishing diamonds in Botswana were closed.
Sivava also said that the beneficiation of minerals in Botswana is important because of the inevitable depletion of their reserves.
"Value added growth potential will enable the authorities to improve the funding to develop the industry and create jobs," - concluded Sivava.
http://traditionpearlnecklace.blogspot.ca/
In 2015, 20 of the remaining processed diamonds at $ 1 billion in Botswana diamond cutting enterprises per year.
The head of the Chamber of Mines of Botswana Charlz Sivava (Charles Siwawa) said at the conference "Botswana Resource Sector" in Gaborone that the sorting of diamonds mined De Beers, is already an important step in this direction.
"You can increase the value added due to higher production, processing and production of finished products to the market", - says Sivava.
"For example, the diamond industry is defined as the process of cutting beneficiation in favor of the entire diamond supply chain," - continues to head of the Chamber of Mines.
He added that the availability of rough diamonds to local cutters thanks to an agreement on sales of De Beers with the government in 2011 has brought positive results, however, the sufficient employment in the sector has been established.
Earlier, it employs about 4,000 people in Botswana diamond cutting sector, but since then the number of jobs in this sector has fallen by about 50% due to the slowdown in the diamond market.
At the same time, cutting and polishing firms credit conditions have tightened.
Last year, two factories cutting and polishing diamonds in Botswana were closed.
Sivava also said that the beneficiation of minerals in Botswana is important because of the inevitable depletion of their reserves.
"Value added growth potential will enable the authorities to improve the funding to develop the industry and create jobs," - concluded Sivava.
http://traditionpearlnecklace.blogspot.ca/
AWDC (Antwerp World Diamond Centre, AWDC) has warned that the increase in the monthly Belgian polished exports, which occurred for the first time in nearly a year, may not signal a turning trend.
According to data provided by the AWDC, polished exports rose by 4.5% in May to $ 1.11 billion for the first time since June last year. By volume, polished exports fell by 1.3% to 480,351 carats, the average price of stones jumped by 5.9%, to $ 2308 per carat.
Polished diamond imports showed progress for the first time since March last year, an increase of 6.8%, to $ 922.5 million. Net polished exports, representing exports less imports, decreased by 5.6%, to $ 186.1 million.
"Although we are very inspired by the diamond trade results possible, the positive performance of the month does not indicate trends, - said the representative of the organization Rapaport News. - Therefore, we will be careful in talking about the fact that it is a sign of fracture (trends). Our people on the ground also does not say anything like that, but they can also have doubts as to whether, in order to see in the data too much, as we are. "
The AWDC "does not ignore the positive signals," but "prefer to err by being more careful", - said the representative of the organization.
Rough imports soared by 18% to $ 1.3 billion, and its export increased by 21% to $ 1.28 bn. Net import diamonds representing the difference between imports and exports, fell by 62% to reach $ 14.8 million .
The balance of the Belgian diamond trade is the difference between total exports and imports of rough and polished diamonds jumped by 8%, to $ 171.4 million.
trade data for May followed data for April, which showed a decrease in the import and export of diamonds, but a splash trade in rough diamonds. While on the diamond trade data was "cause for optimism" in the AWDC noted that the Belgian diamond industry "do not jump to the conclusion that there is a full-scale recovery process in the diamond industry."
During the first five months of the year, polished exports decreased by 6.3%, to $ 5.54 billion, while imports - by 8.8%, to $ 5.23 billion rough diamond imports rose by 5.2%, to $ 5. 56 billion, and its exports - by 9.3%, to $ 5.74 billion.
http://pearlgiftjewelry.blogspot.ca/
According to data provided by the AWDC, polished exports rose by 4.5% in May to $ 1.11 billion for the first time since June last year. By volume, polished exports fell by 1.3% to 480,351 carats, the average price of stones jumped by 5.9%, to $ 2308 per carat.
Polished diamond imports showed progress for the first time since March last year, an increase of 6.8%, to $ 922.5 million. Net polished exports, representing exports less imports, decreased by 5.6%, to $ 186.1 million.
"Although we are very inspired by the diamond trade results possible, the positive performance of the month does not indicate trends, - said the representative of the organization Rapaport News. - Therefore, we will be careful in talking about the fact that it is a sign of fracture (trends). Our people on the ground also does not say anything like that, but they can also have doubts as to whether, in order to see in the data too much, as we are. "
The AWDC "does not ignore the positive signals," but "prefer to err by being more careful", - said the representative of the organization.
Rough imports soared by 18% to $ 1.3 billion, and its export increased by 21% to $ 1.28 bn. Net import diamonds representing the difference between imports and exports, fell by 62% to reach $ 14.8 million .
The balance of the Belgian diamond trade is the difference between total exports and imports of rough and polished diamonds jumped by 8%, to $ 171.4 million.
trade data for May followed data for April, which showed a decrease in the import and export of diamonds, but a splash trade in rough diamonds. While on the diamond trade data was "cause for optimism" in the AWDC noted that the Belgian diamond industry "do not jump to the conclusion that there is a full-scale recovery process in the diamond industry."
During the first five months of the year, polished exports decreased by 6.3%, to $ 5.54 billion, while imports - by 8.8%, to $ 5.23 billion rough diamond imports rose by 5.2%, to $ 5. 56 billion, and its exports - by 9.3%, to $ 5.74 billion.
http://pearlgiftjewelry.blogspot.ca/
Diamonds continue to be the main engine of growth of Botswana's economy, even if the current performance of the industry will persist, says Managing Director E Consult Kit Dzheffris (Keith Jefferies).
Diamond exports provide about one third of Botswana's GDP, 80% of export revenues and 40% of its budget revenues.
The conference "Botswana Resource Sector" in Gaborone Jeffries, however, noted that diamond sales will not lead to growth of the economy in the event that the volume of extraction of stones will remain unchanged.
In February, De Beers reported that the company's production of Debswana, its joint venture with the Government of Botswana, in 2015, fell 16% to 20.37 million carats.
Debswana provides most of the De Beers diamond mining, with 85% of products are sold by the diamond giant and the rest - the State Botswana Okavango Diamond Company.
Finance Minister Kenneth Matambo countries (Kenneth Matambo) said earlier that Botswana's budget deficit rose to 3.8% of GDP in the fiscal year that began April 1, due to lower exports of diamonds from the country.
However, Jeffries said that coal would not be able to replace diamonds as a source of government revenue.
According to him, the coal export tax is also lower than that of diamond exports.
Coal reserves in Botswana estimated at 212 billion tonnes.
As suggested by Jeffreys, future profitability is reduced due to increased cost of production in the diamond sector.
http://royalpearljewelry.blogspot.ca/
Diamond exports provide about one third of Botswana's GDP, 80% of export revenues and 40% of its budget revenues.
The conference "Botswana Resource Sector" in Gaborone Jeffries, however, noted that diamond sales will not lead to growth of the economy in the event that the volume of extraction of stones will remain unchanged.
In February, De Beers reported that the company's production of Debswana, its joint venture with the Government of Botswana, in 2015, fell 16% to 20.37 million carats.
Debswana provides most of the De Beers diamond mining, with 85% of products are sold by the diamond giant and the rest - the State Botswana Okavango Diamond Company.
Finance Minister Kenneth Matambo countries (Kenneth Matambo) said earlier that Botswana's budget deficit rose to 3.8% of GDP in the fiscal year that began April 1, due to lower exports of diamonds from the country.
However, Jeffries said that coal would not be able to replace diamonds as a source of government revenue.
According to him, the coal export tax is also lower than that of diamond exports.
Coal reserves in Botswana estimated at 212 billion tonnes.
As suggested by Jeffreys, future profitability is reduced due to increased cost of production in the diamond sector.
http://royalpearljewelry.blogspot.ca/
Joint Stock Company "ALROSA" (PJSC), the largest in the world in terms of diamond production, announces that produced crystal weighing 241.21 carats from the tube "Nyurbinskaya".
Found crystal is one of the largest diamonds mined in Russia and the third among mass detected on Nyurbinsky mine.
Crystal translucent, with grayish tinge, has dimensions of 38.64 x 27.34 x 25.46 mm. On the surface of the dissolution traces are etched to form channels and cavities. In the intermediate and peripheral areas have large cracks, one of them with iron accumulation; throughout the volume of present-graphite inclusions of sulfides. Stone Quality: 4 Black Clivage / Makeable 2 colour.
Development tube "Nyurbinskaya" began in 2001 and is currently under way to open. Identified reserves in accordance with the JORC Code as of January 1, 2015 amounted to 36.9 million carats.
Nyurbinsk Mining and Processing Plant (GOK) - one of the youngest companies "ALROSA". It is working on Nakyn ore field, in particular, on the following sites: Career "Nyurbinsk" and "Botuobinsky" and the alluvial deposits of the same name. Nyurbinsky share of GOK in the total production of the Group ALROSA diamond was 20% in 2015.
http://bridalpearlnecklace.blogspot.ca/
Found crystal is one of the largest diamonds mined in Russia and the third among mass detected on Nyurbinsky mine.
Crystal translucent, with grayish tinge, has dimensions of 38.64 x 27.34 x 25.46 mm. On the surface of the dissolution traces are etched to form channels and cavities. In the intermediate and peripheral areas have large cracks, one of them with iron accumulation; throughout the volume of present-graphite inclusions of sulfides. Stone Quality: 4 Black Clivage / Makeable 2 colour.
Development tube "Nyurbinskaya" began in 2001 and is currently under way to open. Identified reserves in accordance with the JORC Code as of January 1, 2015 amounted to 36.9 million carats.
Nyurbinsk Mining and Processing Plant (GOK) - one of the youngest companies "ALROSA". It is working on Nakyn ore field, in particular, on the following sites: Career "Nyurbinsk" and "Botuobinsky" and the alluvial deposits of the same name. Nyurbinsky share of GOK in the total production of the Group ALROSA diamond was 20% in 2015.
http://bridalpearlnecklace.blogspot.ca/
Cambodian Association of traders of gems and jewelery (Cambodian Gems & Jewelry Traders Association) plans to establish a specialized center for exhibitions of jewelery and precious stones for international traders and tourists who are looking for products of this kind in Cambodia.
Press secretary of the Cambodian Ministry of Commerce Sang Zophar (Seung Sophari) said in an interview Khmer Times, that the center will be created in the Ministry building, but she could not specify when it will be created as the association is still studying the project.
"Before, we did not have a joint exhibition center for uniting associations and industry of gems and jewelry, and the fair was held in the center of exhibitions and conferences Koh Pich But the new exhibition center for all members of the industry will be created in a single place." - continues Zophar.
"The Association aims to increase the attractiveness of the jewelry industry, as well as to improve its presence in the market and a permanent base. Tourists, for example, looking for jewelry, and tourist groups will be easier to be sent in a single center. The same applies to representatives of the business and the jewelry industry" - she added.
This year the fair of gems and jewelry in Cambodia held on June 16-19 in the venue Diamond Island. Last year the event attracted 54 exhibitors from Cambodia, Hong Kong and Macao, the United Kingdom, Japan, Singapore, Thailand and the United States.
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Press secretary of the Cambodian Ministry of Commerce Sang Zophar (Seung Sophari) said in an interview Khmer Times, that the center will be created in the Ministry building, but she could not specify when it will be created as the association is still studying the project.
"Before, we did not have a joint exhibition center for uniting associations and industry of gems and jewelry, and the fair was held in the center of exhibitions and conferences Koh Pich But the new exhibition center for all members of the industry will be created in a single place." - continues Zophar.
"The Association aims to increase the attractiveness of the jewelry industry, as well as to improve its presence in the market and a permanent base. Tourists, for example, looking for jewelry, and tourist groups will be easier to be sent in a single center. The same applies to representatives of the business and the jewelry industry" - she added.
This year the fair of gems and jewelry in Cambodia held on June 16-19 in the venue Diamond Island. Last year the event attracted 54 exhibitors from Cambodia, Hong Kong and Macao, the United Kingdom, Japan, Singapore, Thailand and the United States.
http://pearlsgift.blogspot.ca/
President of the World Jewelery Confederation CIBJO Gaetano Cavalieri (Gaetano Cavalieri), speaking at the 15th Paris meeting gemologists, criticized the opinion of American actor Leonardo DiCaprio.
As CIBJO said in his speech Cavalieri referred to the producer of synthetic diamonds from the United States, which is posted on its website a statement Leonardo Di Kaprio, who argues that buying an artificial diamond, the consumer contributes to "a reduction of human and environmental losses from the diamond industry, providing a sustainable cultivation of diamonds, without resorting to destructive their production. "
"Today it is the statement of Mr. DiCaprio loss of human life in the extraction of diamonds in itself is problematic. In the end, if the only way we can protect the people in Africa and elsewhere from the effects of mining, completely cutting them from the diamond mining business, it really sad state of affairs ", - said Cavalieri.
http://traditionpearlnecklace.blogspot.ca/
As CIBJO said in his speech Cavalieri referred to the producer of synthetic diamonds from the United States, which is posted on its website a statement Leonardo Di Kaprio, who argues that buying an artificial diamond, the consumer contributes to "a reduction of human and environmental losses from the diamond industry, providing a sustainable cultivation of diamonds, without resorting to destructive their production. "
"Today it is the statement of Mr. DiCaprio loss of human life in the extraction of diamonds in itself is problematic. In the end, if the only way we can protect the people in Africa and elsewhere from the effects of mining, completely cutting them from the diamond mining business, it really sad state of affairs ", - said Cavalieri.
http://traditionpearlnecklace.blogspot.ca/
RBC Capital Markets downgraded the corporation Dominion Diamond Corporation. Analysts predict a reduction in the price of diamonds and call prospects for the development of the project Jay (Jay) «controversial».
Rating shares mining company was lowered from "overweight" to "at the level of the sector", according to a research note dated June 13th. RBC also lowered the target price for shares of the mining company from $ 13 to $ 11 per share.
This decision was made after the mining company about two years pushed the development of the Project Jay, which is expected to increase by ten years of life of the Dominion-owned Ekati diamond mine (Ekati) in Canada.
"Currently low prices for small diamonds in combination with the relatively high capital costs are putting pressure on the mood around the project of Jay - wrote in a note dated June 13 RBC analysts Des Kilalea (Des Kilalea) and Richard Hatch (Richard Hatch). - Until we see a noteworthy plan designed by Jay and the rise in diamond prices, we expect the company's shares will keep up with the shares of comparable companies. "
" In our view, the market for rough diamonds in the summer going to happen weakening of prices, which, it is hoped, later this year strengthened slightly, "- concluded the RBC.
http://pearlgiftjewelry.blogspot.ca/
Rating shares mining company was lowered from "overweight" to "at the level of the sector", according to a research note dated June 13th. RBC also lowered the target price for shares of the mining company from $ 13 to $ 11 per share.
This decision was made after the mining company about two years pushed the development of the Project Jay, which is expected to increase by ten years of life of the Dominion-owned Ekati diamond mine (Ekati) in Canada.
"Currently low prices for small diamonds in combination with the relatively high capital costs are putting pressure on the mood around the project of Jay - wrote in a note dated June 13 RBC analysts Des Kilalea (Des Kilalea) and Richard Hatch (Richard Hatch). - Until we see a noteworthy plan designed by Jay and the rise in diamond prices, we expect the company's shares will keep up with the shares of comparable companies. "
" In our view, the market for rough diamonds in the summer going to happen weakening of prices, which, it is hoped, later this year strengthened slightly, "- concluded the RBC.
http://pearlgiftjewelry.blogspot.ca/
Rockwell Diamonds has increased its production of diamonds in the first quarter of fiscal year 2017 by 88% to 5688 carats, against 3025 carats a year earlier.
In the fourth quarter of 2016 the company managed to obtain the financial year 4726 carats, which is 20% lower than in the reporting period.
Rockwell sales totaled 4,880 carats, an increase of 3% compared with the previous quarter at an average price of $ 1864 stones per carat.
Thus, the total sales of the company increased by 31% compared with the previous quarter, to $ 9.1 million, excluding the beneficiation stones.
"Our performance in the first quarter of fiscal 2017 reflect the improvements that we carry out after the strategic decisions the end of 2016 fiscal year performance at our operations was increased, so we were able to increase the performance of diamond mining and the cost of stones." - said the CEO of Rockwell Dzheyms Kempbell (James Campbell).
"Operations on Saksendrift (Saxendrift) continues to wind down, and production at Remhugte (Remhoogte) has stabilized after a difficult third and fourth quarters, the results of which were reported earlier," - he continued.
According to him, the company will continue to focus on restoring production in the central region of the Orange River (Middle Orange River, MOR) in South Africa, as well as exploration to identify new opportunities with high potential. This will allow the company to increase the existing resources on the areas adjacent to the mine Vouterspen (Wouterspan).
"We will also continue to assess new projects and seek opportunities for consolidation, implying an increase of value added", - concluded Campbell.
http://royalpearljewelry.blogspot.ca/
In the fourth quarter of 2016 the company managed to obtain the financial year 4726 carats, which is 20% lower than in the reporting period.
Rockwell sales totaled 4,880 carats, an increase of 3% compared with the previous quarter at an average price of $ 1864 stones per carat.
Thus, the total sales of the company increased by 31% compared with the previous quarter, to $ 9.1 million, excluding the beneficiation stones.
"Our performance in the first quarter of fiscal 2017 reflect the improvements that we carry out after the strategic decisions the end of 2016 fiscal year performance at our operations was increased, so we were able to increase the performance of diamond mining and the cost of stones." - said the CEO of Rockwell Dzheyms Kempbell (James Campbell).
"Operations on Saksendrift (Saxendrift) continues to wind down, and production at Remhugte (Remhoogte) has stabilized after a difficult third and fourth quarters, the results of which were reported earlier," - he continued.
According to him, the company will continue to focus on restoring production in the central region of the Orange River (Middle Orange River, MOR) in South Africa, as well as exploration to identify new opportunities with high potential. This will allow the company to increase the existing resources on the areas adjacent to the mine Vouterspen (Wouterspan).
"We will also continue to assess new projects and seek opportunities for consolidation, implying an increase of value added", - concluded Campbell.
http://royalpearljewelry.blogspot.ca/
India's government has proposed a new legislative initiative that will make a more open mining of diamonds and gold, and at the same time reduce dependence on imports of raw materials, says the Gulf Times.
The report quoted publications Balvindera Kumar (Balvinder Kumar) from the Ministry of Mines, who noted that the changes to the mining law in India will be presented by the end of this month.
It is expected that the Indian authorities will conduct auctions of about 50 licenses for exploration of diamond and gold deposits in the current financial year against the backdrop of new legislative initiatives.
"We would like to companies in the private sector have invested in the mining of diamonds and gold in this segment requires a major investment." - adds Kumar.
It is expected that due to the new policy on mining in India, the time for obtaining permits will be reduced, and receive royalties throughout the mine life cycle is guaranteed. "If companies can not find the deposit, we will reimburse them for all losses on exploration," - said Kumar.
In India, produced 14 out of 15 of all diamonds in the world. In addition, this country is almost on par with China in terms of gold consumption. However, long-term licensing periods, bureaucratic red tape and difficulties in obtaining land scare away potential investors in exploration in the country.
http://bridalpearlnecklace.blogspot.ca/
The report quoted publications Balvindera Kumar (Balvinder Kumar) from the Ministry of Mines, who noted that the changes to the mining law in India will be presented by the end of this month.
It is expected that the Indian authorities will conduct auctions of about 50 licenses for exploration of diamond and gold deposits in the current financial year against the backdrop of new legislative initiatives.
"We would like to companies in the private sector have invested in the mining of diamonds and gold in this segment requires a major investment." - adds Kumar.
It is expected that due to the new policy on mining in India, the time for obtaining permits will be reduced, and receive royalties throughout the mine life cycle is guaranteed. "If companies can not find the deposit, we will reimburse them for all losses on exploration," - said Kumar.
In India, produced 14 out of 15 of all diamonds in the world. In addition, this country is almost on par with China in terms of gold consumption. However, long-term licensing periods, bureaucratic red tape and difficulties in obtaining land scare away potential investors in exploration in the country.
http://bridalpearlnecklace.blogspot.ca/
Botswana Diamond Center (Botswana Diamond Hub), which is engaged in diamond beneficiation in the country, said that the supply of diamonds to De Beers diamond manufacturers in the country declined last year almost doubled compared to 2014 year.
Director of the mineral raw materials center Kgotso Matlolela (Kgotso Matlolela) said at a mining conference in Gaborone that in 2014 the volume of diamond supply De Beers local cutters were $ 936 million. However, in 2015 this figure dropped to only $ 502 million.
She attributes such a strong decline in the supply difficulties encountered by the diamond market.
"The challenges facing the sector include lack of funding, the high price of diamonds that do not match the prices of diamonds, as well as competition from other luxury goods. Diamond jewelry belong to the premium segment, and therefore they compete with other products from this category ", - she added.
"The slowdown in global growth, marketing and competition also adversely affect the diamond market", - believes Matlolela.
Botswana currently operates 20 cutting and polishing companies.
Matlolela said that in the future Botswana should increase and maintain the volume of diamond cutting and diamond raw materials trading sector.
"We need to develop trade in diamonds, to build and maintain important services for the diamond industry, as well as to consolidate the cluster industry", - she said.
http://pearlsgift.blogspot.ca/
Director of the mineral raw materials center Kgotso Matlolela (Kgotso Matlolela) said at a mining conference in Gaborone that in 2014 the volume of diamond supply De Beers local cutters were $ 936 million. However, in 2015 this figure dropped to only $ 502 million.
She attributes such a strong decline in the supply difficulties encountered by the diamond market.
"The challenges facing the sector include lack of funding, the high price of diamonds that do not match the prices of diamonds, as well as competition from other luxury goods. Diamond jewelry belong to the premium segment, and therefore they compete with other products from this category ", - she added.
"The slowdown in global growth, marketing and competition also adversely affect the diamond market", - believes Matlolela.
Botswana currently operates 20 cutting and polishing companies.
Matlolela said that in the future Botswana should increase and maintain the volume of diamond cutting and diamond raw materials trading sector.
"We need to develop trade in diamonds, to build and maintain important services for the diamond industry, as well as to consolidate the cluster industry", - she said.
http://pearlsgift.blogspot.ca/
Luk Fook has warned that its profit for the past financial year is likely to fall by 35% - 45% due to lower expenditures of tourists from mainland China. It is reported by Rapaport portal.
Visitors chain stores in Hong Kong have reduced expenses due to the strengthening of the Hong Kong dollar against the yuan, said Luk Fook. Among other factors, adversely affect the sale - the slowdown in economic growth in mainland China and increased popularity of other tourist destinations. As expected, these factors have had a negative impact on the company's earnings in the 12 months to March 31, 2016.
The company's gross profit from sales of jewelry with precious stones are likely to fall, and expenditures increased. At the same time, it is expected that losses in connection with investments in the holding Hong Kong Resources Holdings Company Ltd and its subsidiaries increased. Luk Fook results for the previous financial year will be published on June 23.
Luk Fook issued the warning after the Chow Tai Fook, another Hong Kong jewelry retailer, reported a 46 percent drop in profit for the same period.
http://traditionpearlnecklace.blogspot.ca/
Singapore IIa Technologies, a global leader in technology diamonds grown in a lab, received June 10, 2016 SME100 prestigious award for the fastest growing companies in Singapore.
Vishal Mehta, CEO IIa Technologies, said: "We are very proud that we won SME100 premium in the segment of fast-growing companies This award is recognition for small and medium-sized enterprises, which include IIa Technologies Our company has established one of the most.. advanced laboratories for growing diamonds in Singapore, innovation center of Asia. IIa Technologies has spent more than ten years of pioneering research on growing diamonds in the segment, and is the only producer of these stones, which can provide a upnye diamonds to jewelers and retailers at the same time carrying out high-quality research and development that will lead to an increase in the number of applications of our diamonds. "
"The recognition of our company one of the fastest growing in Singapore proves our strength, which is based on the basis of Singapore as a nation - adds Mehta -. Singapore and its policies helped to shape this company, to make it more competitive, organized and efficient We have seen how. the company is growing from a small research facility in the company that can change the world with grown diamonds. we would like to thank all those who supported us in our first years of operation. "
SME100 is an annual award, organized by the magazine SME & Entrepreneurship, one of the most successful editions for business and entrepreneurship in Asia. This award is given quickly developing small and medium businesses in Asia, which focused on growth (turnover, profit and market share) and adaptation (best practices, sustainability and vision of the market).
http://pearlgiftjewelry.blogspot.ca/
The total volume of sales of jewelry and watches in the US premium category increased by a significant 5.4% in April 2016 compared with April 2015, according to preliminary data of the US Department of Commerce, which leads IDEX portal. This increase was slightly above the data to increase sales, which were published earlier this year.
Jewelry sales, according to a ministry report, increased in April by 5.3%, and sales hours - on an even more significant 6.4%.
Preliminary data on the growth of sales of specialized jewelry retailers in April showed that the sellers continue to lose market share, mostly in favor of the network of shops selling jewelry only as one of the product categories. Specialty jewelers that generate most of their revenue from the sale of jewelry, sales showed an increase of 3.6%. This is lower than the growth in February and March in their retail category, and also lower than in the whole jewelry segment.
Other retailers that sell jewelry - mostly retail chains such as Wal-Mart, JC Penney and others showed in April, a strong 6.6 percent increase in sales.
The total volume of sales of jewelry and watches in the US market in April is estimated at $ 5.9 billion, according to the latest preliminary data of the Ministry of Commerce. In April, sales were slightly higher than the usual level of monthly jewelry sales in the US, which is about $ 5 billion.
http://royalpearljewelry.blogspot.ca/
Jewelry sales, according to a ministry report, increased in April by 5.3%, and sales hours - on an even more significant 6.4%.
Preliminary data on the growth of sales of specialized jewelry retailers in April showed that the sellers continue to lose market share, mostly in favor of the network of shops selling jewelry only as one of the product categories. Specialty jewelers that generate most of their revenue from the sale of jewelry, sales showed an increase of 3.6%. This is lower than the growth in February and March in their retail category, and also lower than in the whole jewelry segment.
Other retailers that sell jewelry - mostly retail chains such as Wal-Mart, JC Penney and others showed in April, a strong 6.6 percent increase in sales.
The total volume of sales of jewelry and watches in the US market in April is estimated at $ 5.9 billion, according to the latest preliminary data of the Ministry of Commerce. In April, sales were slightly higher than the usual level of monthly jewelry sales in the US, which is about $ 5 billion.
http://royalpearljewelry.blogspot.ca/
Despite the well-known conservatism of the jewelry industry, new technologies are becoming more common. The world's first social network industry Bridgem announced the development of new software products available for the desktop in the form of applications for the iPhone and Android, and making the communication, promotion and sales as simple as never before.
Bridgem has positioned itself as an industry b2b environment in which there is everything you need for work. Already, thousands of users to actively create their own online storefronts, discuss and exchange ideas, organize events, communicate with the internal messenger. Service creators recognized that front - a huge reservoir of work, realized a smaller part of the plans. In the end, they say, Bridgem will for jewelers, the same than for office managers is Microsoft Office. He came to the office, connected to Bridgem, and began to work. However, to work with Bridgem enough smartphone.
Development Bridgem was made possible by bundling a lot of experience in the creators of the diamond and jewelry industries with unique tech team, knowing "where you have to press to make things work."
Excellent conditions created for mastodons industry. At the same time, small and medium businesses - both in mining and cutting, as well as in manufacturing and retail - has almost no tools in the market. The main purpose of Bridgem was and still is their creation and development, promotion of relations across the seas and continents, robotics and automation processes that previously required a lot more people and time.
What else is important - the service is absolutely free for the users.
http://bridalpearlnecklace.blogspot.ca/
Bridgem has positioned itself as an industry b2b environment in which there is everything you need for work. Already, thousands of users to actively create their own online storefronts, discuss and exchange ideas, organize events, communicate with the internal messenger. Service creators recognized that front - a huge reservoir of work, realized a smaller part of the plans. In the end, they say, Bridgem will for jewelers, the same than for office managers is Microsoft Office. He came to the office, connected to Bridgem, and began to work. However, to work with Bridgem enough smartphone.
Development Bridgem was made possible by bundling a lot of experience in the creators of the diamond and jewelry industries with unique tech team, knowing "where you have to press to make things work."
Excellent conditions created for mastodons industry. At the same time, small and medium businesses - both in mining and cutting, as well as in manufacturing and retail - has almost no tools in the market. The main purpose of Bridgem was and still is their creation and development, promotion of relations across the seas and continents, robotics and automation processes that previously required a lot more people and time.
What else is important - the service is absolutely free for the users.
http://bridalpearlnecklace.blogspot.ca/
Okavango Diamond Company (ODC) is organizing a demonstration in rough diamond trading center of the Indian (India Diamond Trading Centre, IDTC) , which is housed in the Indian Diamond Exchange (Bharat Diamond Bourse, BDB) in Mumbai. It is reported by Times of India.
ODC organizes views diamond carat weight to -2 in July 20-25 2016. Registered in Surat small and medium-sized diamond companies will also be able to see the diamonds.
Online auction ODC diamond to be held on July 28 when IDTC registered members will be traded for diamond products.
Various mining companies from around the world is scheduled for IDTC 200 diamonds Visits to December 2016, with the recent views included stones from Alrosa, De Beers and Rio Tinto
http://pearlsgift.blogspot.ca/
Hong Kong Fair jewelery and precious stones, passing already in the 29 th time, will begin on June 23 at the Hong Kong Conference and Exhibition Center (Hong Kong Convention & Exhibition Centre, HKCEC). The event will be attended by about 2,198 local and international exhibitors and 41 countries and regions of the world, divided into 16 specialized areas.
Pavilions of diamonds and precious stones will be one of the largest at the fair, and will include 480 stands 501 diamond dealers and precious stones supplier. Participants will include representatives from Australia, Antwerp, Brazil, China, Colombia, Germany, India, Israel, Italy, Japan, Korea, Sri Lanka, Taiwan, Thailand, Turkey, the United States and the International Association of colored gemstones (International Coloured Gem Stone Association, ICA), distributed over 17 groups.
In addition, the exhibition will be located Hong Kong Chief Pavilion, Pavilion Pavilion of high design and gemstones. The exhibition "The minerals, gems and fossils Asia" (Mineral, Gem and Fossil Asia ) will be held in the conference hall of the HKCEC with many submitted by rare minerals, rough gemstones and fossils.
As part of the Hong Kong show and auction will be held diamond company ALROSA and seminars on lab-grown diamonds and rubies from Mogo.
http://traditionpearlnecklace.blogspot.ca/
Pavilions of diamonds and precious stones will be one of the largest at the fair, and will include 480 stands 501 diamond dealers and precious stones supplier. Participants will include representatives from Australia, Antwerp, Brazil, China, Colombia, Germany, India, Israel, Italy, Japan, Korea, Sri Lanka, Taiwan, Thailand, Turkey, the United States and the International Association of colored gemstones (International Coloured Gem Stone Association, ICA), distributed over 17 groups.
In addition, the exhibition will be located Hong Kong Chief Pavilion, Pavilion Pavilion of high design and gemstones. The exhibition "The minerals, gems and fossils Asia" (Mineral, Gem and Fossil Asia ) will be held in the conference hall of the HKCEC with many submitted by rare minerals, rough gemstones and fossils.
As part of the Hong Kong show and auction will be held diamond company ALROSA and seminars on lab-grown diamonds and rubies from Mogo.
http://traditionpearlnecklace.blogspot.ca/
De Beers responds to the challenge of regulating the sector and promoting greater transparency, financing the diamond industry, the requirement is much higher financial reporting standards of the sightholders, Vice President of Business Development De Beers UK Govard Devis (Howard Davies), as quoted by the IDI portal .
Starting next year, each sightholder will be required to provide De Beers annual set of financial statements in accordance with IFRS (International Financial Reporting Standards), Davis said. These reports should consolidate the performance of the entire group of companies, must have a certificate of purity control by having a reliable reputation and an auditor must confirm the good financial condition of sightholders.
Firms that have historically had a more informal structure, must now create a corporate structure, stable enough to allow them to consolidate their accounts in accordance with IFRS, Davis explains. According to him, De Beers has been working closely with sightholders and auditors in order to address a number of technical challenges that may face a thorough audit of the dynamic and complex international diamond business.
"For De Beers is a very important initiative. Our sales depend on the interaction with a strong and financially stable customers, ensuring the full confidence of the bankers. And to enhance our transparency initiatives not only strengthen the confidence of the banks already working with the industry. When sightholders can demonstrate evidence of their financial and corporate situation around the world, they are quite capable to compete not only for the support of banks, but also for funding in the wider world of corporate finance. Institutional investors and the capital markets are already beginning to allow interaction with the diamond business, which completed the path to corporatization and transparency. Requiring compliance with these standards by all sightholders, De Beers management helps to ensure financial stability for the future of diamond producers ", - explained Davis.
http://pearlgiftjewelry.blogspot.ca/
Starting next year, each sightholder will be required to provide De Beers annual set of financial statements in accordance with IFRS (International Financial Reporting Standards), Davis said. These reports should consolidate the performance of the entire group of companies, must have a certificate of purity control by having a reliable reputation and an auditor must confirm the good financial condition of sightholders.
Firms that have historically had a more informal structure, must now create a corporate structure, stable enough to allow them to consolidate their accounts in accordance with IFRS, Davis explains. According to him, De Beers has been working closely with sightholders and auditors in order to address a number of technical challenges that may face a thorough audit of the dynamic and complex international diamond business.
"For De Beers is a very important initiative. Our sales depend on the interaction with a strong and financially stable customers, ensuring the full confidence of the bankers. And to enhance our transparency initiatives not only strengthen the confidence of the banks already working with the industry. When sightholders can demonstrate evidence of their financial and corporate situation around the world, they are quite capable to compete not only for the support of banks, but also for funding in the wider world of corporate finance. Institutional investors and the capital markets are already beginning to allow interaction with the diamond business, which completed the path to corporatization and transparency. Requiring compliance with these standards by all sightholders, De Beers management helps to ensure financial stability for the future of diamond producers ", - explained Davis.
http://pearlgiftjewelry.blogspot.ca/
The acting chairman of the Kimberley Process (KP), Ahmed Bin Sulayem (Ahmed Bin Sulayem) visited the Central African Republic (CAR), where he met with its president Faustin-Archange Tuaderoy (Faustin-Archange Touadera) and the Minister of Mines Leopold Mboli Fratranom (Leopold Mboli Fratran).
CAR has resumed exports of rough diamonds earlier this month after the lifting of a three-year ban KP. The opposing sides in the internecine conflict in the Central African Republic were charged with the use of diamonds to finance their activities.
However, diamond mining is planned to restore to normal levels as soon as all the other areas in the western part of the country will comply with the principles of the KP.
In a statement, MP, addressed to Rough & Polished, said that Bin Sulayem also visit the southern regions of Carnot, Boda and Nola.
In addition, he will hold seminars and meetings with local residents, miners and traders.
CAR President said Bin Sulayem expressed enthusiastic support of his country and called for it to meet all the requirements of the KP for the export of diamonds on the world market.
Tuadera also said that Bin Sulayem's visit to the Central African Republic inspires hope in the diamond industry in the country.
"If the president of the KP can personally make sure that the diamond mining means for our people and that the effort it cost them to achieve the resumption of exports after a three-year ban, then things will change - he said -. We are looking forward to re-integrate into the international diamond market as soon as possible. We thank Bin Sulayem and his team for the fact that this was possible. "
At the same time, Bin Sulayem said that during the visit he not only personally saw the progress that has been made of CAR at a high level, but also looked at the real state of affairs in the fields after such great changes in the country.
"The people here are dependent on the industry - and the Government intends to work with the CP at every level to ensure that they are eligible to work in it from the point of view of both the people and the government - said Bin Sulayem -. The resumption of diamond exports from CAR has been one of the main priorities of my presidency of the KP in 2016, and now I see that in reality it means to people. "
http://royalpearljewelry.blogspot.ca/
CAR has resumed exports of rough diamonds earlier this month after the lifting of a three-year ban KP. The opposing sides in the internecine conflict in the Central African Republic were charged with the use of diamonds to finance their activities.
However, diamond mining is planned to restore to normal levels as soon as all the other areas in the western part of the country will comply with the principles of the KP.
In a statement, MP, addressed to Rough & Polished, said that Bin Sulayem also visit the southern regions of Carnot, Boda and Nola.
In addition, he will hold seminars and meetings with local residents, miners and traders.
CAR President said Bin Sulayem expressed enthusiastic support of his country and called for it to meet all the requirements of the KP for the export of diamonds on the world market.
Tuadera also said that Bin Sulayem's visit to the Central African Republic inspires hope in the diamond industry in the country.
"If the president of the KP can personally make sure that the diamond mining means for our people and that the effort it cost them to achieve the resumption of exports after a three-year ban, then things will change - he said -. We are looking forward to re-integrate into the international diamond market as soon as possible. We thank Bin Sulayem and his team for the fact that this was possible. "
At the same time, Bin Sulayem said that during the visit he not only personally saw the progress that has been made of CAR at a high level, but also looked at the real state of affairs in the fields after such great changes in the country.
"The people here are dependent on the industry - and the Government intends to work with the CP at every level to ensure that they are eligible to work in it from the point of view of both the people and the government - said Bin Sulayem -. The resumption of diamond exports from CAR has been one of the main priorities of my presidency of the KP in 2016, and now I see that in reality it means to people. "
http://royalpearljewelry.blogspot.ca/
In an interview with the corporate newspaper "Herald ALROSA" Constantine Garanin the company's chief geologist, said that in 2016 the total volume of financing of exploration work on the ALROSA Group amounted to 6.373 billion rubles, and budget work eksplorazvedochnyh reach 1.526 billion rubles in 2016. In this case, the diamond reserves growth is planned in the amount of 50.4 million carats through exploration "Dawn" deposit appraisal activity "Aikhal" and "Verhnemunskoe".
According to Garanina, to enhance the impact of exploration necessary organizational changes. The structure must meet the stated objectives to be accomplished in a relatively short period of time, said the chief geologist, noting that for this purpose as part of exploration of the complex are three business units: geological and geophysical information center, scientific-analytical center and the center of geological exploration technologies. "The main advantages of such a structure - a better use of the knowledge of the employees, a high level of specialization and concentration of production", - he stressed Garanin. Currently, 2537 people work in the exploration ALROSA Group, including 1358 workers and 1179 managers, professionals and employees.
ALROSA accounts for about 95% of diamond production in Russia, carrying out operation and placer deposits in the Arkhangelsk and Yakut diamondiferous provinces and more than 28% of diamonds in the world. In 2015, the total inventory of ALROSA diamonds totaled 1.1055 billion carats, according to surveys conducted by the State Reserves Committee.
In development are 10 primary deposits represented kimberlite bodies, and 15 placer. In operation there are four underground mines, "Lucky", "Aikhal", "Peace" and "International".
http://bridalpearlnecklace.blogspot.ca/
According to Garanina, to enhance the impact of exploration necessary organizational changes. The structure must meet the stated objectives to be accomplished in a relatively short period of time, said the chief geologist, noting that for this purpose as part of exploration of the complex are three business units: geological and geophysical information center, scientific-analytical center and the center of geological exploration technologies. "The main advantages of such a structure - a better use of the knowledge of the employees, a high level of specialization and concentration of production", - he stressed Garanin. Currently, 2537 people work in the exploration ALROSA Group, including 1358 workers and 1179 managers, professionals and employees.
ALROSA accounts for about 95% of diamond production in Russia, carrying out operation and placer deposits in the Arkhangelsk and Yakut diamondiferous provinces and more than 28% of diamonds in the world. In 2015, the total inventory of ALROSA diamonds totaled 1.1055 billion carats, according to surveys conducted by the State Reserves Committee.
In development are 10 primary deposits represented kimberlite bodies, and 15 placer. In operation there are four underground mines, "Lucky", "Aikhal", "Peace" and "International".
http://bridalpearlnecklace.blogspot.ca/
Joint Stock Company "ALROSA" (PJSC) announced the appointment Eleny Gangalo company's vice-president in a press release received by Rough & Polished Agency on Tuesday.
Elena Gangan will oversee the financial and economic policy of the company and will focus on increasing the effectiveness of the "ALROSA" Group cost optimization in the implementation of major investment projects, as well as on the development of long-term planning programs.
Experience Elena Gangan, including in the state structures, will give a new impetus to the economic bloc "ALROSA" in order to improve the profitability of the company's work and further consolidate its leading market position.
Elena Gangan - Russian Federation Honored Economist - from 1993 to 2008 worked in government and non-governmental organizations, including the Ministry of Russia system. From 2008 to 2011 he worked in the Ministry of Natural Resources and Ecology of the Russian Federation, Deputy Director of the Department of Economics and Finance. Since July 2011 - Deputy Head of the Federal Service for Hydrometeorology and Environmental Monitoring. On September 9, 2015 to a new destination - Deputy Minister of Agriculture of the Russian Federation. Elena Gangan - Director General of ANO "Far Eastern leopards."
Presidential Decree for labor achievements and many years of conscientious work was awarded the Order of Friendship, the Honorary Diploma of the Russian Federation, other awards. Acting State Russian Federation 2 class adviser.
http://pearlsgift.blogspot.ca/
Elena Gangan will oversee the financial and economic policy of the company and will focus on increasing the effectiveness of the "ALROSA" Group cost optimization in the implementation of major investment projects, as well as on the development of long-term planning programs.
Experience Elena Gangan, including in the state structures, will give a new impetus to the economic bloc "ALROSA" in order to improve the profitability of the company's work and further consolidate its leading market position.
Elena Gangan - Russian Federation Honored Economist - from 1993 to 2008 worked in government and non-governmental organizations, including the Ministry of Russia system. From 2008 to 2011 he worked in the Ministry of Natural Resources and Ecology of the Russian Federation, Deputy Director of the Department of Economics and Finance. Since July 2011 - Deputy Head of the Federal Service for Hydrometeorology and Environmental Monitoring. On September 9, 2015 to a new destination - Deputy Minister of Agriculture of the Russian Federation. Elena Gangan - Director General of ANO "Far Eastern leopards."
Presidential Decree for labor achievements and many years of conscientious work was awarded the Order of Friendship, the Honorary Diploma of the Russian Federation, other awards. Acting State Russian Federation 2 class adviser.
http://pearlsgift.blogspot.ca/
Investigation of illegal diamond mining in Marange district (Marange) in Zimbabwe should be "carried out and the perpetrators brought to justice," said Minister of the Government.
The minister said Sevior Kasukuwere (Saviour Kasukuwere) in an interview with local edition of The Herald, Harare, the official investigation supports the Minister of Mining Chidakvy Walter (Walter Chidhakwa) for alleged illegal mining of diamonds in order to "finally deal with this issue."
Kasukuwere also said that the government allowed the diamond companies, acting in Marange, profiting from the illegal diamond mining, while the locals were forced to survive in conditions of extreme poverty.
"When (Marange) diamond was found, we all thought that they will improve the lives of people in this area now, we can only assume that we could do with these diamonds." - continues Kasukuwere.
"Why do people in Marange should remain poor when some citizens transferred their wealth to foreign countries, we have brought the residents Marange Now the government through the Ministry of Mines supports an investigation into the theft of the profits from diamond mining in Chiadzwa region (Chiadzwa)?.", - he added .
Recently Chidzhey Lord David (David Chidgey) reported in the British House of Lords, that the billions of dollars from the sale of Zimbabwean diamonds are stored on different personal accounts in London.
In Harare, they have already said they will check into the matter.
http://traditionpearlnecklace.blogspot.ca/
The minister said Sevior Kasukuwere (Saviour Kasukuwere) in an interview with local edition of The Herald, Harare, the official investigation supports the Minister of Mining Chidakvy Walter (Walter Chidhakwa) for alleged illegal mining of diamonds in order to "finally deal with this issue."
Kasukuwere also said that the government allowed the diamond companies, acting in Marange, profiting from the illegal diamond mining, while the locals were forced to survive in conditions of extreme poverty.
"When (Marange) diamond was found, we all thought that they will improve the lives of people in this area now, we can only assume that we could do with these diamonds." - continues Kasukuwere.
"Why do people in Marange should remain poor when some citizens transferred their wealth to foreign countries, we have brought the residents Marange Now the government through the Ministry of Mines supports an investigation into the theft of the profits from diamond mining in Chiadzwa region (Chiadzwa)?.", - he added .
Recently Chidzhey Lord David (David Chidgey) reported in the British House of Lords, that the billions of dollars from the sale of Zimbabwean diamonds are stored on different personal accounts in London.
In Harare, they have already said they will check into the matter.
http://traditionpearlnecklace.blogspot.ca/
Gemfields, which in Singapore held the sixth auction of rough rubies and corundum mine Montepuez (Montepuez) in Mozambique, has set a new sales record for its trading at $ 44.3 million, or an average of $ 29.21 per carat.
It is reported that, in total, the company managed to sell 1,516,459 carats of rubies of 1,601,145 carats of rubies offered for auction.
At the auction were offered raw rubies and high commercial quality, with both ennobled and neoblagorozhennye.
"We are pleased with the results of the sixth ruby auction Gemfields with mine Montepuez prices, which we have achieved, and a high percentage of products sold support the results of our analysis of market conditions, quality rubies from Mozambique and the growing demand for a variety of product markets various categories -. Said the chief executive Director Gemfields Herbotl Ian (Ian Harebottle) -. We are going to further develop colored gemstone sector and will soon launch a new global advertising campaign, dedicated to rubies from Mozambique. "
A total of up to five auctions of emeralds and rubies this year Gemfields managed to get $ 174.4 million.
At the moment, Gemfields has received $ 621 million from sales of rough emeralds from the largest operating emerald mine in the world Kagem (Kagem) in Zambia, and from the sale of rubies to Montepuez.
http://pearlgiftjewelry.blogspot.ca/
It is reported that, in total, the company managed to sell 1,516,459 carats of rubies of 1,601,145 carats of rubies offered for auction.
At the auction were offered raw rubies and high commercial quality, with both ennobled and neoblagorozhennye.
"We are pleased with the results of the sixth ruby auction Gemfields with mine Montepuez prices, which we have achieved, and a high percentage of products sold support the results of our analysis of market conditions, quality rubies from Mozambique and the growing demand for a variety of product markets various categories -. Said the chief executive Director Gemfields Herbotl Ian (Ian Harebottle) -. We are going to further develop colored gemstone sector and will soon launch a new global advertising campaign, dedicated to rubies from Mozambique. "
A total of up to five auctions of emeralds and rubies this year Gemfields managed to get $ 174.4 million.
At the moment, Gemfields has received $ 621 million from sales of rough emeralds from the largest operating emerald mine in the world Kagem (Kagem) in Zambia, and from the sale of rubies to Montepuez.
http://pearlgiftjewelry.blogspot.ca/
Ministry of Geology and Mines of Angola has announced the expansion of the territory in the search for diamonds based on a semi-industrial province of Malanje (Malanje), IDEX Online reported with reference to macauhub.com.
Cooperatives diamond miners are now allowed exploration activities in the province in the territory of more than 410 square meters. km. The first such resolution was cooperative Milanda Kunda, it has been issued on the semi-industrial diamond exploration on the 30-mile rectangular area. Cambo Sungingi cooperative in the municipality Kaombo received a second resolution on an area of 224 square meters. km. Cooperative Kabuto received third concession to an area of 160 sq. km.
Concessions are valid for one year and may be extended for another four years. Cooperatives are obliged to provide technical and economic reports Angolan national diamond company Endiama.
In December, in Angola were mined and sold 880,100 carats worth $ 104.7 million and the average price was $ 118 per carat. Ministry of Geology and Mining has also published the data for November 2015 show that 796,700 carats worth $ 99.29
http://royalpearljewelry.blogspot.ca/
Cooperatives diamond miners are now allowed exploration activities in the province in the territory of more than 410 square meters. km. The first such resolution was cooperative Milanda Kunda, it has been issued on the semi-industrial diamond exploration on the 30-mile rectangular area. Cambo Sungingi cooperative in the municipality Kaombo received a second resolution on an area of 224 square meters. km. Cooperative Kabuto received third concession to an area of 160 sq. km.
Concessions are valid for one year and may be extended for another four years. Cooperatives are obliged to provide technical and economic reports Angolan national diamond company Endiama.
In December, in Angola were mined and sold 880,100 carats worth $ 104.7 million and the average price was $ 118 per carat. Ministry of Geology and Mining has also published the data for November 2015 show that 796,700 carats worth $ 99.29
http://royalpearljewelry.blogspot.ca/
Mountain Province Diamonds Inc. announced that the first production at the part was hers diamond project Gacho Quay (Gahcho Kué) in the Northwest Territories, Canada, is expected to be made in the third quarter of 2016.
"We are pleased with the excellent success Gacho Quay and the fact that production will begin in the next few months", - said President and CEO Patrick Evans, Mountain Province (Patrick Evans).
Permanent staff workers at the mine now stands at 290 people, including 91 experienced professionals who have been transferred from the mine Snap Lake (Snap Lake) company De Beers.
Pending receipt of the first products Mountain Province has already signed all the necessary agreements to ensure the receipt, sorting and sale of its stake in mining diamonds Gacho Quay.
Gacho Quay Project is a joint venture between Mountain Province (49%) and De Beers Canada (51%).
http://bridalpearlnecklace.blogspot.ca/
"We are pleased with the excellent success Gacho Quay and the fact that production will begin in the next few months", - said President and CEO Patrick Evans, Mountain Province (Patrick Evans).
Permanent staff workers at the mine now stands at 290 people, including 91 experienced professionals who have been transferred from the mine Snap Lake (Snap Lake) company De Beers.
Pending receipt of the first products Mountain Province has already signed all the necessary agreements to ensure the receipt, sorting and sale of its stake in mining diamonds Gacho Quay.
Gacho Quay Project is a joint venture between Mountain Province (49%) and De Beers Canada (51%).
http://bridalpearlnecklace.blogspot.ca/
In May 2016 India's polished exports rose by 13.24% to $ 1.97 billion, versus $ 1.74 billion in May last year. This may indicate the first signs of a slow recovery of the Indian diamond industry.
By volume, polished exports amounted to 2.98 million carats against 2.59 million carats a year earlier. This is evidenced by the preliminary data of the Council to promote the export of gems and jewelery (Gem and Jewellery Export Promotion Council, GJEPC).
Rough imports grew by 15.09% in value to $ 1.52 billion in May 2016, compared to $ 1.32 billion in May 2015. In volume diamond imports increased to 12.10 million carats against 11.11 million carats in the same period last year.
Rough diamond exports from India rose by 7.92% in May 2016, to $ 127 million, compared to $ 117.68 million a year earlier. By volume, the figure was 2.49 million carats against 2.25 million carats last year.
Polished diamond imports to India rose in May 2016 to 27.41% to $ 249.06 million from $ 195.48 million in May 2015.
http://pearlsgift.blogspot.ca/
By volume, polished exports amounted to 2.98 million carats against 2.59 million carats a year earlier. This is evidenced by the preliminary data of the Council to promote the export of gems and jewelery (Gem and Jewellery Export Promotion Council, GJEPC).
Rough imports grew by 15.09% in value to $ 1.52 billion in May 2016, compared to $ 1.32 billion in May 2015. In volume diamond imports increased to 12.10 million carats against 11.11 million carats in the same period last year.
Rough diamond exports from India rose by 7.92% in May 2016, to $ 127 million, compared to $ 117.68 million a year earlier. By volume, the figure was 2.49 million carats against 2.25 million carats last year.
Polished diamond imports to India rose in May 2016 to 27.41% to $ 249.06 million from $ 195.48 million in May 2015.
http://pearlsgift.blogspot.ca/
The new CEO of Rio Tinto Group, Jean-Sebasten Zhak (Jean-Sébastien Jacques) began restructuring the company, which will now be divided into four divisions: Aluminum; Copper, and diamonds; Energy and mineral resources; and iron ore. This is stated in a statement Rio Tinto press.
Division of Rio Tinto diamond mining and copper, which, according to the company, is characterized by high marketing component, will be headed by Arno Suara (Arnaud Soirat), which will become a member of the Executive Committee. Before the restructuring, Arnaud was the main president of aluminum production unit. It has more than 24 years of experience in the industry in three continents. Arno will work out of the office Rio Tinto in London.
Jean-Sebasten Zhak said: "For the mining industry the time has come trials, and Rio Tinto copes well with them we plan daily to show the highest results in order to enable us to create added value for our shareholders and members of the community both in the short and long term. term. our strategy, commitment and balance, as well as concern for shareholder value remain unchanged. at the same time, we are strengthening our structure and results, placing our assets in the very foundation of our business for IMPROVEMENT Nia indicators. "
Among the members of the new Executive Committee for Rio Tinto will be Jean-Sebasten Zhak, CEO of Rio Tinto Group; Kristofer Linch (Christopher Lynch), Chief Financial Officer; Bug Hugo (Hugo Bague), general manager of organizational resources; Alfredo Barrios (Alfredo Barrios), CEO of the aluminum division; Alan Davis (Alan Davies), Chief Executive Officer for the extraction of energy resources and minerals; Dzhoan Ferrel (Joanne Farrell), head of the health division, safety and the environment; Steven Mackintosh (Stephen McIntosh), Director-General for Development and Innovation; Selsberi Chris (Chris Salisbury), CEO of iron ore; Arno Suara, CEO of diamond mining and copper; and Debora Velentayn (Debra Valentine), Director General of Law and Legislation Rio Tinto.
http://traditionpearlnecklace.blogspot.ca/
Division of Rio Tinto diamond mining and copper, which, according to the company, is characterized by high marketing component, will be headed by Arno Suara (Arnaud Soirat), which will become a member of the Executive Committee. Before the restructuring, Arnaud was the main president of aluminum production unit. It has more than 24 years of experience in the industry in three continents. Arno will work out of the office Rio Tinto in London.
Jean-Sebasten Zhak said: "For the mining industry the time has come trials, and Rio Tinto copes well with them we plan daily to show the highest results in order to enable us to create added value for our shareholders and members of the community both in the short and long term. term. our strategy, commitment and balance, as well as concern for shareholder value remain unchanged. at the same time, we are strengthening our structure and results, placing our assets in the very foundation of our business for IMPROVEMENT Nia indicators. "
Among the members of the new Executive Committee for Rio Tinto will be Jean-Sebasten Zhak, CEO of Rio Tinto Group; Kristofer Linch (Christopher Lynch), Chief Financial Officer; Bug Hugo (Hugo Bague), general manager of organizational resources; Alfredo Barrios (Alfredo Barrios), CEO of the aluminum division; Alan Davis (Alan Davies), Chief Executive Officer for the extraction of energy resources and minerals; Dzhoan Ferrel (Joanne Farrell), head of the health division, safety and the environment; Steven Mackintosh (Stephen McIntosh), Director-General for Development and Innovation; Selsberi Chris (Chris Salisbury), CEO of iron ore; Arno Suara, CEO of diamond mining and copper; and Debora Velentayn (Debra Valentine), Director General of Law and Legislation Rio Tinto.
http://traditionpearlnecklace.blogspot.ca/
Duma adopted in the second reading the bill, which specifies the criteria for inclusion and diamond deposits of platinum group metals to portions federal subsoil.
When assigning subsoil plots containing primary deposits of diamonds and platinum group metals, to the federal subsoil plots are invited to take into account the reserves of these minerals, recorded state balance reserves since January 1, 2006, rather than their appearance.
Lose status subsoil federal regions containing placer and manmade diamond deposits and platinum group metals as well as existence of uranium, diamonds, especially pure quartz raw material, rare earth elements yttrium group, nickel, cobalt, tantalum, niobium, beryllium, lithium, platinum group. Within 90 days from the day the law came into force, they should be excluded from the list of areas of federal significance.
First Deputy Minister of Natural Resources and Ecology of the Russian Federation Denis Khramov previously explained that the bill will increase the geological study of the territory of Russia to ensure the reproduction of the mineral resource base and contribute to the solution of socio-economic issues in the Far East.
Now to the federal subsoil plots are areas where mineral resources are not registered, but there is only the prospect of detection. This is seriously delaying the procedure for the provision of such sites in use for geological study, as required for each license of the Government's disposal.
Alluvial deposits diamond and platinum characterized usually small reserves, partially spent in the past. In this regard, they are generally not of interest to large investors, but it is very interesting for the artisanal and small-scale miners. If such sites will lose the status of federal significance, their license will be activated, noted Temples.
http://pearlgiftjewelry.blogspot.ca/
When assigning subsoil plots containing primary deposits of diamonds and platinum group metals, to the federal subsoil plots are invited to take into account the reserves of these minerals, recorded state balance reserves since January 1, 2006, rather than their appearance.
Lose status subsoil federal regions containing placer and manmade diamond deposits and platinum group metals as well as existence of uranium, diamonds, especially pure quartz raw material, rare earth elements yttrium group, nickel, cobalt, tantalum, niobium, beryllium, lithium, platinum group. Within 90 days from the day the law came into force, they should be excluded from the list of areas of federal significance.
First Deputy Minister of Natural Resources and Ecology of the Russian Federation Denis Khramov previously explained that the bill will increase the geological study of the territory of Russia to ensure the reproduction of the mineral resource base and contribute to the solution of socio-economic issues in the Far East.
Now to the federal subsoil plots are areas where mineral resources are not registered, but there is only the prospect of detection. This is seriously delaying the procedure for the provision of such sites in use for geological study, as required for each license of the Government's disposal.
Alluvial deposits diamond and platinum characterized usually small reserves, partially spent in the past. In this regard, they are generally not of interest to large investors, but it is very interesting for the artisanal and small-scale miners. If such sites will lose the status of federal significance, their license will be activated, noted Temples.
http://pearlgiftjewelry.blogspot.ca/
Armed security guards working for a private company in the diamond region of Lunda Norte in Angola, tortured illegal diamond miners. The incident was captured on video.
Independent news portal Maka Angola, based journalist, human rights defender Rafael Marquez (Rafael Marques), published a 7-minute video on the site the YouTube . Portal calls the actions of security guards "egregious" and "sadistic".
Illegal Diamond miners continue to be a challenge for representatives of the Angolan authorities despite efforts to curb illegal diamond mining.
Marquez has dedicated himself to the protection of human rights in Angola, according to the organization of Global Voice.
Last year, he was sentenced to a 6-month suspended jail sentence for defamation of the Angolan army generals. In his book entitled "Blood Diamonds: Torture and Corruption in Angola" , he said about violation of human rights.
"The year is 2016 and the illegal miners are still being tortured," - said Marquez in an interview to Deutsche Welle.
Most of the torture was carried out by former members of the military actions that are now working in the private security firms, but their actions are rarely made public.
Journalist accused authorities that they do not show enough initiative to prevent such practices.
http://royalpearljewelry.blogspot.ca/
Independent news portal Maka Angola, based journalist, human rights defender Rafael Marquez (Rafael Marques), published a 7-minute video on the site the YouTube . Portal calls the actions of security guards "egregious" and "sadistic".
Illegal Diamond miners continue to be a challenge for representatives of the Angolan authorities despite efforts to curb illegal diamond mining.
Marquez has dedicated himself to the protection of human rights in Angola, according to the organization of Global Voice.
Last year, he was sentenced to a 6-month suspended jail sentence for defamation of the Angolan army generals. In his book entitled "Blood Diamonds: Torture and Corruption in Angola" , he said about violation of human rights.
"The year is 2016 and the illegal miners are still being tortured," - said Marquez in an interview to Deutsche Welle.
Most of the torture was carried out by former members of the military actions that are now working in the private security firms, but their actions are rarely made public.
Journalist accused authorities that they do not show enough initiative to prevent such practices.
http://royalpearljewelry.blogspot.ca/
The law firm Federman & Sherwood of Oklahoma City has initiated an investigation on behalf of investors Signet Jewelers Ltd. in connection with the possible violation of certain high-ranking representatives of the jewelery companies in the US Securities Act and Exchange Act of 1934, according to IDEX Online.
The investment firm James Grant letter dated June 2, concerns were expressed as to whether that Signet has used its credit operations to increase sales.
Seeking Alpha article on June 6 refers to the allegation that the stores Kay Jewelers, a subsidiary of Signet's, diamonds in jewelry have been replaced by lower quality stones after repairing them. The report also notes that Signet took a lot of "bad" loans, which has a negative impact on the company's shares.
Earlier this month, CEO of Signet Mark Layt (Mark Light) issued a strongly worded statement, which denied the accusations in the substitution of diamonds, saying that trust is the cornerstone of the company's business.
http://bridalpearlnecklace.blogspot.ca/
The investment firm James Grant letter dated June 2, concerns were expressed as to whether that Signet has used its credit operations to increase sales.
Seeking Alpha article on June 6 refers to the allegation that the stores Kay Jewelers, a subsidiary of Signet's, diamonds in jewelry have been replaced by lower quality stones after repairing them. The report also notes that Signet took a lot of "bad" loans, which has a negative impact on the company's shares.
Earlier this month, CEO of Signet Mark Layt (Mark Light) issued a strongly worded statement, which denied the accusations in the substitution of diamonds, saying that trust is the cornerstone of the company's business.
http://bridalpearlnecklace.blogspot.ca/
Foundation of the World Diamond brand (World Diamond Mark, WDM) presented a special questionnaire for retailers to determine the services that are most popular among retailers of jewelry in terms of marketing to customers. The questionnaire retailers are asked to choose the importance of services in the field of advertising, education, services for business and coordination of the efforts of the industry, said in a WDM application.
Commenting on this, Alex Popov, chairman of the organization, said: "So, WDM's mandate is to help retail jewelers to assist in increasing confidence and demand for diamond buyers and jewelry to them why we have made a detailed questionnaire for jewelers and asked them to rank the service. that they consider most important. We believe that we have a pretty good idea of what to retail jewelers, however, there is nothing better than getting to-date data from the business community, the interests of the koto cerned we serve. "
The survey can go on the Internet and it is available in the form of a tear forms in the 7th issue of the journal World Diamond Magazine, which will be published in this and next month.
"We urge jewelers spend 10-15 minutes of your time and fill out the form," - said Christine Schuler-Kalman (Krisztina Kalman-Schueler), Director WDMF programs. "Since we are authorized to provide retailers who have become members of the authorized program WDM diamond dealers, high-quality and customer-oriented services, through a survey, we want to know more about what they need to best fit their business models."
http://pearlsgift.blogspot.ca/
Commenting on this, Alex Popov, chairman of the organization, said: "So, WDM's mandate is to help retail jewelers to assist in increasing confidence and demand for diamond buyers and jewelry to them why we have made a detailed questionnaire for jewelers and asked them to rank the service. that they consider most important. We believe that we have a pretty good idea of what to retail jewelers, however, there is nothing better than getting to-date data from the business community, the interests of the koto cerned we serve. "
The survey can go on the Internet and it is available in the form of a tear forms in the 7th issue of the journal World Diamond Magazine, which will be published in this and next month.
"We urge jewelers spend 10-15 minutes of your time and fill out the form," - said Christine Schuler-Kalman (Krisztina Kalman-Schueler), Director WDMF programs. "Since we are authorized to provide retailers who have become members of the authorized program WDM diamond dealers, high-quality and customer-oriented services, through a survey, we want to know more about what they need to best fit their business models."
http://pearlsgift.blogspot.ca/
Zimbabwean state diamond company Zimbabwe Consolidated Diamond Company (ZCDC) produced 513 000 carats of diamonds valued at approximately $ 21.5 million in March of this year, ie since the beginning of its activities. Official Harare earlier deprived all other diamond companies in the region Marange (Marange) production licenses in connection with the expiration of their actions.
Reuters news agency quoted the acting CEO ZCDC Nyashanu Ridge (Ridge Nyashanu), who said that the company is mining diamonds in two concessions and conducts research in two areas, previously owned diamond companies expelled from Marange in February this year.
He also said that ZCDC until it can lead to the production of larger concessions which held Mbada Diamonds.
Mbada was the largest producer of diamonds in Zimbabwe, before the nationalization of the diamond concessions.
ZCDC difficulty is producing at the former sites of Anjin and Jinan Chinese companies.
Nyashanu said the two companies dispute the decision of the authorities on the diamond concession in court.
http://traditionpearlnecklace.blogspot.ca/
Reuters news agency quoted the acting CEO ZCDC Nyashanu Ridge (Ridge Nyashanu), who said that the company is mining diamonds in two concessions and conducts research in two areas, previously owned diamond companies expelled from Marange in February this year.
He also said that ZCDC until it can lead to the production of larger concessions which held Mbada Diamonds.
Mbada was the largest producer of diamonds in Zimbabwe, before the nationalization of the diamond concessions.
ZCDC difficulty is producing at the former sites of Anjin and Jinan Chinese companies.
Nyashanu said the two companies dispute the decision of the authorities on the diamond concession in court.
http://traditionpearlnecklace.blogspot.ca/
Petra Diamonds managed to get a diamond weighing 121.26 carats, the Cullinan mine (Cullinan) in South Africa.
In a statement sent to Rough & Polished, it says that the stone belongs to type IIa and possesses "exceptional color and clarity."
In Petra also noted that the diamond is the sole example of a large and high-quality diamond, which is known Cullinan mine.
The company said that the diamond will be sold within the last tender in 2016 fiscal year, which is currently taking place in Johannesburg.
"This diamond, as well as a number of other high-quality stones will form part of the tender we managed to get a better proportion of rough diamonds in the last quarter of the 2016 fiscal year.", - concluded the Petra Diamonds.
http://pearlgiftjewelry.blogspot.ca/
In a statement sent to Rough & Polished, it says that the stone belongs to type IIa and possesses "exceptional color and clarity."
In Petra also noted that the diamond is the sole example of a large and high-quality diamond, which is known Cullinan mine.
The company said that the diamond will be sold within the last tender in 2016 fiscal year, which is currently taking place in Johannesburg.
"This diamond, as well as a number of other high-quality stones will form part of the tender we managed to get a better proportion of rough diamonds in the last quarter of the 2016 fiscal year.", - concluded the Petra Diamonds.
http://pearlgiftjewelry.blogspot.ca/
According to the head of the Ministry of Natural Resources and Ecology of the Russian Federation Sergey Donskoy, the law after amending it, allowing a passing prey, will allow, for example, Alrosa simultaneously removing about 150 kg of gold and 35 kg of platinum annually in conjunction with diamond mining.
The minister said that under the current licensing system for the provision of a combined license to the subsoil user (on exploration and production) allowed extraction of only the target minerals, resulting in loss of associated components, breach of the principles of rational and comprehensive utilization of mineral resources.
According to him, revealing the practice of mining alluvial diamonds, which typically contain associated components in the form of placer gold and platinum. Today, technology has already been tested gold and platinum casing removed from the tailings of the diamond-bearing sands. Moreover, for a variety of fields reserves free of gold and platinum have already passed the state examination and are accounted for by the State reserves balance. When this production is not carried out in connection with the ban.
Effect of the draft federal law proposes initially to extend only to public companies. In the future, taking into account the impact assessment practices to be considered the question of extending the mechanism involved in the testing of free minerals and components to all subsoil users who develop multi-mineral deposit.
The draft law provides the mechanisms involved in the testing of free hard minerals and accompanying mineral components by establishing the possibility of making appropriate changes to the license.
For inclusion in the license free of solid minerals and components will be charged a one-time payment.
http://royalpearljewelry.blogspot.ca/
The minister said that under the current licensing system for the provision of a combined license to the subsoil user (on exploration and production) allowed extraction of only the target minerals, resulting in loss of associated components, breach of the principles of rational and comprehensive utilization of mineral resources.
According to him, revealing the practice of mining alluvial diamonds, which typically contain associated components in the form of placer gold and platinum. Today, technology has already been tested gold and platinum casing removed from the tailings of the diamond-bearing sands. Moreover, for a variety of fields reserves free of gold and platinum have already passed the state examination and are accounted for by the State reserves balance. When this production is not carried out in connection with the ban.
Effect of the draft federal law proposes initially to extend only to public companies. In the future, taking into account the impact assessment practices to be considered the question of extending the mechanism involved in the testing of free minerals and components to all subsoil users who develop multi-mineral deposit.
The draft law provides the mechanisms involved in the testing of free hard minerals and accompanying mineral components by establishing the possibility of making appropriate changes to the license.
For inclusion in the license free of solid minerals and components will be charged a one-time payment.
http://royalpearljewelry.blogspot.ca/
Luk Fook said that its profit in the past 2016 financial year, which ended on March 31, has fallen due to the slowdown of the Chinese economy and in view of reducing the flow of tourists in mainland China.
Revenue fell 12% to $ 1.81 billion, while gross profit decreased by 41%, to $ 123.9 million. Sales Luk Fook in Hong Kong fell 14% to $ 1.06 billion, which corresponds to the forecast of the company's profit , released earlier this month.
Reducing the flow of tourists to Hong Kong was due to the slowdown in the world economy, believe in Luk Fook. Strengthening of the US dollar against the yuan and the Hong Kong weighed on sales volumes, as well as an increase in the popularity of other tourist destinations, such as Japan and Korea. Exchange rates were more attractive to tourists in these countries.
Chow Tai Fook, another Hong Kong jewelry retailer, reported a 46 percent drop in profit for the same period. However, jewelry sales Chow Sang Sang fell by 10% in Hong Kong and Macau in 2015, but a good jeweler's trade performance in Mainland China have allowed the company to reduce revenue by only 1%.
http://bridalpearlnecklace.blogspot.ca/
Revenue fell 12% to $ 1.81 billion, while gross profit decreased by 41%, to $ 123.9 million. Sales Luk Fook in Hong Kong fell 14% to $ 1.06 billion, which corresponds to the forecast of the company's profit , released earlier this month.
Reducing the flow of tourists to Hong Kong was due to the slowdown in the world economy, believe in Luk Fook. Strengthening of the US dollar against the yuan and the Hong Kong weighed on sales volumes, as well as an increase in the popularity of other tourist destinations, such as Japan and Korea. Exchange rates were more attractive to tourists in these countries.
Chow Tai Fook, another Hong Kong jewelry retailer, reported a 46 percent drop in profit for the same period. However, jewelry sales Chow Sang Sang fell by 10% in Hong Kong and Macau in 2015, but a good jeweler's trade performance in Mainland China have allowed the company to reduce revenue by only 1%.
http://bridalpearlnecklace.blogspot.ca/
Graff Diamonds has demonstrated flawless 105.07 carat D color diamond pear-cut, which was created by gemologists own jewelry company diamond, discovered last year in Lesotho.
This diamond was found in the mine Letseng (Letšeng) company Gem Diamonds, which is known for her exceptional mined diamonds in May 2015. In June last year, the stone was sold to the partner company.
Diamond, derived from the diamond, was named "Graff Vendôme" ( "Vandomskiy Graff") in honor of the company's new store on Place Vendôme in Paris.
Leading gemologists Graff Diamonds analyzed the best cut diamond "Destiny" (The Destiny) weighing 314 carats, from which was then prepared a diamond.
"It was at that moment able to detect the presence of an exceptional diamond, hidden deep within the whole diamond," - said in a statement Graff Diamonds.
The representative of Graff Diamonds, however, refused to comment on the value of a diamond, and to report on its potential buyers.
http://pearlsgift.blogspot.ca/
This diamond was found in the mine Letseng (Letšeng) company Gem Diamonds, which is known for her exceptional mined diamonds in May 2015. In June last year, the stone was sold to the partner company.
Diamond, derived from the diamond, was named "Graff Vendôme" ( "Vandomskiy Graff") in honor of the company's new store on Place Vendôme in Paris.
Leading gemologists Graff Diamonds analyzed the best cut diamond "Destiny" (The Destiny) weighing 314 carats, from which was then prepared a diamond.
"It was at that moment able to detect the presence of an exceptional diamond, hidden deep within the whole diamond," - said in a statement Graff Diamonds.
The representative of Graff Diamonds, however, refused to comment on the value of a diamond, and to report on its potential buyers.
http://pearlsgift.blogspot.ca/
Kimberley Diamonds, which owns diamond mine Lera (Lerala) in Botswana, said the judicial administrators Ellendale mine (Ellendale) in Western Australia started the procedure of confiscating the company's assets and its three directors.
The Kimberley statement said that the stewards received assets worth $ 22.7 million, in addition to costs and interest.
The reasons for the seizure of assets by court insolvency steel companies to obtain funds from the recovery of void transactions, as well as alleged violations of the company's directors of their duties.
She Kimberley Diamonds, as well as its director Aleks Aleksandr (Alex Alexander), Holgrin Noel (Noel Halgreen) Sainty and Rodney (Rodney Sainty) trying to refute the claims on their assets and will seek to protect them, according to a statement of the diamond company.
Ellendale mine, which was previously one of the world's most important sources of fancy yellow diamonds, was liquidated in July last year. Mine revenue fell sharply against the background of a lower content of diamond in the rock and in view of the fall in the global diamond market.
http://traditionpearlnecklace.blogspot.ca/
The Kimberley statement said that the stewards received assets worth $ 22.7 million, in addition to costs and interest.
The reasons for the seizure of assets by court insolvency steel companies to obtain funds from the recovery of void transactions, as well as alleged violations of the company's directors of their duties.
She Kimberley Diamonds, as well as its director Aleks Aleksandr (Alex Alexander), Holgrin Noel (Noel Halgreen) Sainty and Rodney (Rodney Sainty) trying to refute the claims on their assets and will seek to protect them, according to a statement of the diamond company.
Ellendale mine, which was previously one of the world's most important sources of fancy yellow diamonds, was liquidated in July last year. Mine revenue fell sharply against the background of a lower content of diamond in the rock and in view of the fall in the global diamond market.
http://traditionpearlnecklace.blogspot.ca/
Dubai Commodities Center (Dubai Multi-Commodities Centre, DMCC ) June 23 signed a memorandum of understanding with the City District Zhongwei in Ningxia Autonomous Region in China. The Treaty aims to seek opportunities for cooperation, directives and bilateral trade initiatives, and is part of the "one belt, one road."
Gautam Sashittal (Gautam Sashittal), CEO of DMCC has, commented on the signing of the memorandum: "DMCC looked forward to the creation of new markets, which will allow business to develop in new areas Today's signing of the Memorandum of Understanding also confirms the strong trade links between China and Dubai, are supported. initiative. "one belt, one road"
In addition, it is expected that through the memorandum DMCC has 12,000-member companies will be able to connect to trade links with the east-central part of Ningxia province, and Western consumer countries of products thanks to the initiative "One belt, one road."
Currently, 146 Chinese companies registered in the free trade zone DMCC has. Among them are leading companies in the energy sector, as the Al Sahara Petrotek, ST & C Integrated Services, China Harbour Engineering Company, . and China State Construction Engineering Corporation
Mayor of municipal government Wang Zhongwei Tszinhen (Wan Xinheng) said: "Cooperation with the DMCC will further accelerate trade between China and the Arab countries in the framework of the initiative" one belt, one road ", and e will connect China with emerging markets and Western countries. In addition, it will change our understanding of how we can do business on the territory of this initiative and will provide benefits that modern digital technology offers to the market. "
http://pearlgiftjewelry.blogspot.ca/
De Beers launches pilot service with limited scope, which provides an opportunity to diamond companies to sell certain types of rough diamonds on the online auction platform of De Beers.
In a statement De Beers indicates that the service will be available only to diamond companies "adhere to" standard auction sales of rough diamonds De Beers.
Executive Director of the Council for Responsible Jewelry practice (Responsible Jewellery Council, RJC) Endryu Boun (Andrew Bone) noted that the introduction of the sales of the standard is a positive step.
"This will not only attract more companies in the diamond sector to adopt more robust standards in conducting its trading activities, but also to ensure that the growing number of companies provided evidence of the purity of their business, using confirmation from third parties," - he said.
The service is available for individual stones weighing more than five carats or colored stones, and therefore, will cover a very small proportion of the diamonds sold to De Beers platform auction sales, which offers about 10 percent of the rough diamonds sold by the group.
This service also offers meeting the requirements of diamond companies a new channel to market and enables them to benefit from the knowledge, technology and De Beers distribution network.
"While this pilot project will represent only a very limited amount of what is sold on our platform, it gives us an opportunity to test the strength of the demand for such a service, - said the executive vice-president of the De Beers at auction sales Neil Ventura (Neil Ventura ). - This is another example of our approach to innovation in business and how we seek to respond and explore new opportunities. At the same time, introducing these stringent criteria for sellers, we hope that trade standards across the industry will continue to be high: only meet the requirements of diamond companies will be able to benefit from the sale of its precious stones, using our innovative and well-established model ".
http://royalpearljewelry.blogspot.ca/
In a statement De Beers indicates that the service will be available only to diamond companies "adhere to" standard auction sales of rough diamonds De Beers.
Executive Director of the Council for Responsible Jewelry practice (Responsible Jewellery Council, RJC) Endryu Boun (Andrew Bone) noted that the introduction of the sales of the standard is a positive step.
"This will not only attract more companies in the diamond sector to adopt more robust standards in conducting its trading activities, but also to ensure that the growing number of companies provided evidence of the purity of their business, using confirmation from third parties," - he said.
The service is available for individual stones weighing more than five carats or colored stones, and therefore, will cover a very small proportion of the diamonds sold to De Beers platform auction sales, which offers about 10 percent of the rough diamonds sold by the group.
This service also offers meeting the requirements of diamond companies a new channel to market and enables them to benefit from the knowledge, technology and De Beers distribution network.
"While this pilot project will represent only a very limited amount of what is sold on our platform, it gives us an opportunity to test the strength of the demand for such a service, - said the executive vice-president of the De Beers at auction sales Neil Ventura (Neil Ventura ). - This is another example of our approach to innovation in business and how we seek to respond and explore new opportunities. At the same time, introducing these stringent criteria for sellers, we hope that trade standards across the industry will continue to be high: only meet the requirements of diamond companies will be able to benefit from the sale of its precious stones, using our innovative and well-established model ".
http://royalpearljewelry.blogspot.ca/
Education Foundation jewelers (Jewelers Education Foundation, JEF), which was created to promote diamonds assessment courses, gems and jewelry, as well as retailers, has launched a portal providing information on the training programs offered by a number of sectoral educational institutions.
Educational portal for jewelers (Jewelers Education Portal) is a joint resource for existing and potential members of the jewelry trade, and is dedicated to courses offered by associations of jewelry, diamonds, gemstones, precious metals and watches. It also provides information about other services, such as crime prevention, legal and ethical standards, assessment, and credit reporting.
The site includes links to career services and a detailed description of the activities carried out by participating organizations.
Sponsoring organizations of the portal in the US and Canada - American Society of precious stones (American Gem Society), American Association of Gems (American Gem Trade Association, AGTA) , the Gemological Institute of America (Gemological Institute of America, GIA) , the association "Jewelers of America" (jewelers of America, JA), as well as jewelers security Alliance (jewelers security Alliance).
http://bridalpearlnecklace.blogspot.ca/
Educational portal for jewelers (Jewelers Education Portal) is a joint resource for existing and potential members of the jewelry trade, and is dedicated to courses offered by associations of jewelry, diamonds, gemstones, precious metals and watches. It also provides information about other services, such as crime prevention, legal and ethical standards, assessment, and credit reporting.
The site includes links to career services and a detailed description of the activities carried out by participating organizations.
Sponsoring organizations of the portal in the US and Canada - American Society of precious stones (American Gem Society), American Association of Gems (American Gem Trade Association, AGTA) , the Gemological Institute of America (Gemological Institute of America, GIA) , the association "Jewelers of America" (jewelers of America, JA), as well as jewelers security Alliance (jewelers security Alliance).
http://bridalpearlnecklace.blogspot.ca/
Swiss watch exports continued to fall in May due to a sharp decline in sales of more hours of precious metals.
Export decreased by 9.7% to $ 1.62 billion (1.55 billion CHF), while the supply of precious metals hours decreased by 24% to $ 512.14 million reported by Industry Federation Swiss hour (Federation of the Swiss Watch Industry). Watch exports worth more than $ 3127 (3000 CHF) fell by 15%, while watch exports in the range of $ 208 - $ 521 fell 17%.
Exports to Hong Kong fell immediately by 17%, which corresponds to a significant reduction in supply hours in the last few months to the largest importer of Swiss watches. Europe is becoming an important market in which there was an increase, which figures, however, have deteriorated significantly, the federation said. Deliveries in Italy fell by 21%, while exports to France fell by 18%. Consumption of Swiss watches in the UK and Northern Ireland fell to a lesser extent, by 2.5%, due to a sudden surge in exports "large volume", and the higher cost, such as watches and alarm clocks.
http://pearlsgift.blogspot.ca/
Export decreased by 9.7% to $ 1.62 billion (1.55 billion CHF), while the supply of precious metals hours decreased by 24% to $ 512.14 million reported by Industry Federation Swiss hour (Federation of the Swiss Watch Industry). Watch exports worth more than $ 3127 (3000 CHF) fell by 15%, while watch exports in the range of $ 208 - $ 521 fell 17%.
Exports to Hong Kong fell immediately by 17%, which corresponds to a significant reduction in supply hours in the last few months to the largest importer of Swiss watches. Europe is becoming an important market in which there was an increase, which figures, however, have deteriorated significantly, the federation said. Deliveries in Italy fell by 21%, while exports to France fell by 18%. Consumption of Swiss watches in the UK and Northern Ireland fell to a lesser extent, by 2.5%, due to a sudden surge in exports "large volume", and the higher cost, such as watches and alarm clocks.
http://pearlsgift.blogspot.ca/
The corporation Dominion Diamond Corporation has confirmed that on June 23 at the Ekati mine owned it (Ekati) in Canada was an emergency.
During a planned power outage there was a fire at the processing plant. Thanks to the prompt actions of first responders fire was quickly localized.
All employees were evacuated, about the victims among them are not reported.
Dominion Diamond Corporation is the world's third largest diamond producer by value. Both production of corporate assets are located in the Northwest Territories of Canada, where the company also has its head office.
Dominion Diamond Corporation owns Ekati diamond mine, it also owns 40% stake in the Diavik mine (Diavik).
The Corporation provides the world market with a wide assortment of top quality rough diamonds through trade and sorting operations in Canada, Belgium and India.
http://traditionpearlnecklace.blogspot.ca/
During a planned power outage there was a fire at the processing plant. Thanks to the prompt actions of first responders fire was quickly localized.
All employees were evacuated, about the victims among them are not reported.
Dominion Diamond Corporation is the world's third largest diamond producer by value. Both production of corporate assets are located in the Northwest Territories of Canada, where the company also has its head office.
Dominion Diamond Corporation owns Ekati diamond mine, it also owns 40% stake in the Diavik mine (Diavik).
The Corporation provides the world market with a wide assortment of top quality rough diamonds through trade and sorting operations in Canada, Belgium and India.
http://traditionpearlnecklace.blogspot.ca/
Second Latin American diamond and jewelry Week (Latin American Diamond and Jewelry Week) was held recently at the World Jewelry Center (World Jewelry Hub, WJH) in Panama, involving government and industry leaders from more than 20 countries around the world.
Deputy Trade Minister of Panama Nestor Gonzalez (Nestor Gonzalez) was the guest of honor at the opening ceremony and in his speech paid tribute to WJH and its contribution to national and regional trade.
President of the World of jewelery and Diamond Center in Panama (World Jewelry and Diamond Hub) Mahesh Khemlani (Mahesh Khemlani) said that the three-day event, which began on June 22, it was important for the industry of gems and jewelry throughout Latin America.
The first workshop was held on Wednesday, June 22 and gathered a group of experts to discuss the economic realities faced by the jewelry industry in the region. Chief economist for Central America, Panama, the Dominican Republic and Mexico, of the Inter-American Development Bank in Washington, Dzhordi Prett (Jordi Pratt) gave the keynote address.
The second seminar, which was held last Thursday, was dedicated to the empowerment of women in Latin America in the gems and jewelery sector. About 50 women from more than 13 countries, including Bolivia, Chile, Colombia, Costa Rica, Ecuador, Guatemala, Italy, Russia, Turkey, USA, Venezuela, and Panama participated in the discussion with the Vice-Minister of Panama for Nationalities cooperation and Marie-Luizoy Navarro (Maria Luisa Navarro).
http://pearlgiftjewelry.blogspot.ca/
Deputy Trade Minister of Panama Nestor Gonzalez (Nestor Gonzalez) was the guest of honor at the opening ceremony and in his speech paid tribute to WJH and its contribution to national and regional trade.
President of the World of jewelery and Diamond Center in Panama (World Jewelry and Diamond Hub) Mahesh Khemlani (Mahesh Khemlani) said that the three-day event, which began on June 22, it was important for the industry of gems and jewelry throughout Latin America.
The first workshop was held on Wednesday, June 22 and gathered a group of experts to discuss the economic realities faced by the jewelry industry in the region. Chief economist for Central America, Panama, the Dominican Republic and Mexico, of the Inter-American Development Bank in Washington, Dzhordi Prett (Jordi Pratt) gave the keynote address.
The second seminar, which was held last Thursday, was dedicated to the empowerment of women in Latin America in the gems and jewelery sector. About 50 women from more than 13 countries, including Bolivia, Chile, Colombia, Costa Rica, Ecuador, Guatemala, Italy, Russia, Turkey, USA, Venezuela, and Panama participated in the discussion with the Vice-Minister of Panama for Nationalities cooperation and Marie-Luizoy Navarro (Maria Luisa Navarro).
http://pearlgiftjewelry.blogspot.ca/
Israel Diamond Institute (Israel Diamond Institute, IDI) announced that the Israel Diamond Exchange (Israel Diamond Exchange, IDE) and the Diamond Dealers Club of New York (DDC) will hold a fifth of the Israeli Diamond Week in New York City from October 31 to November 2, 2016 . The event will be held at DDC trading floor in midtown Manhattan.
IDE President Yoram u'Dvash (Yoram Dvash) said that after a positive climate for diamond sales, witnessed at the recent JCK Las Vegas, he has high hopes for the sale of Israeli diamonds in the US market.
"The Israeli Diamond Week in New York - it's a win-win event for members of the two exchanges, - says u'Dvash. - As members of the DDC, and nearly 100 diamond traders IDE will receive free access to a wide range of products, thus increase their business potential. From past experience we know that the US market likes to buy and sell, and we are confident that these products will have access to the market for the upcoming holiday season in the United States. We thank the management of DDC in New York for the opportunity to re-organize this successful event. "
DDC president Reuven Kaufman (Reuven Kaufman) said he was very pleased the overall initiative, noting the improvement of business relations between members of the two exchanges since the beginning of the program of work. Kaufman also said that he is optimistic about the event, building on the positive trend observed in the present time in the US market.
U'Dvash also expressed optimism, saying that "all factors point to a good holiday season in the United States."
http://royalpearljewelry.blogspot.ca/
IDE President Yoram u'Dvash (Yoram Dvash) said that after a positive climate for diamond sales, witnessed at the recent JCK Las Vegas, he has high hopes for the sale of Israeli diamonds in the US market.
"The Israeli Diamond Week in New York - it's a win-win event for members of the two exchanges, - says u'Dvash. - As members of the DDC, and nearly 100 diamond traders IDE will receive free access to a wide range of products, thus increase their business potential. From past experience we know that the US market likes to buy and sell, and we are confident that these products will have access to the market for the upcoming holiday season in the United States. We thank the management of DDC in New York for the opportunity to re-organize this successful event. "
DDC president Reuven Kaufman (Reuven Kaufman) said he was very pleased the overall initiative, noting the improvement of business relations between members of the two exchanges since the beginning of the program of work. Kaufman also said that he is optimistic about the event, building on the positive trend observed in the present time in the US market.
U'Dvash also expressed optimism, saying that "all factors point to a good holiday season in the United States."
http://royalpearljewelry.blogspot.ca/
Wednesday, July 12, 2017
In the first six months of this year in Zimbabwe produced 972 765 carats of diamonds against the target of 6 million carats, said a government official.
Finance Minister of Zimbabwe Chinamaza Patrick (Patrick Chinamasa) has informed Parliament in its report on the mid-term fiscal policy that most diamond companies stopped production after the February consolidation of the diamond sector.
"The relatively low levels of production against the target of 6 million carats due to the lack of adequate capital from the operating companies within ZCDC, as well as the reluctance of the previous company merged with the newly formed diamond mining company", - he said.
Chinamaza also noted that Zimbabwe Consolidated Diamond Company (ZCDC), which remained the only producer of diamonds in the diamond fields of Marange (Marange), produced 218 274 carats in March, 261,646 carats in April, 120,686 carats in May and 58,396 carats June.
He said he has stopped production at three diamond concessions are not yet operational.
"Therefore, there is a need to accelerate the consolidation of all concessions under the same company", - the minister added.
"At the same time, in order to increase diamond production at the field Chiadzwa (Chiadzwa) ZCDC negotiating for the purchase of equipment from the diamond mining company DTZ-OZGEO, a joint venture between Russia's" Ekonedra »Ltd. and the Fund of Zimbabwe Development (Development Trust of Zimbabwe, DTZ ) "- continues Chinamaza.
"In addition, there are plans to obtain additional modern equipment in order to carry out ZCDC could prey on conglomerates," - he concluded.
http://pearlsgift.blogspot.ca/
Finance Minister of Zimbabwe Chinamaza Patrick (Patrick Chinamasa) has informed Parliament in its report on the mid-term fiscal policy that most diamond companies stopped production after the February consolidation of the diamond sector.
"The relatively low levels of production against the target of 6 million carats due to the lack of adequate capital from the operating companies within ZCDC, as well as the reluctance of the previous company merged with the newly formed diamond mining company", - he said.
Chinamaza also noted that Zimbabwe Consolidated Diamond Company (ZCDC), which remained the only producer of diamonds in the diamond fields of Marange (Marange), produced 218 274 carats in March, 261,646 carats in April, 120,686 carats in May and 58,396 carats June.
He said he has stopped production at three diamond concessions are not yet operational.
"Therefore, there is a need to accelerate the consolidation of all concessions under the same company", - the minister added.
"At the same time, in order to increase diamond production at the field Chiadzwa (Chiadzwa) ZCDC negotiating for the purchase of equipment from the diamond mining company DTZ-OZGEO, a joint venture between Russia's" Ekonedra »Ltd. and the Fund of Zimbabwe Development (Development Trust of Zimbabwe, DTZ ) "- continues Chinamaza.
"In addition, there are plans to obtain additional modern equipment in order to carry out ZCDC could prey on conglomerates," - he concluded.
http://pearlsgift.blogspot.ca/
Dominion Diamond Corporation announced that it has entered into a new position of Chief Financial Officer Metyu Kuinlan (Matthew Quinlan) from 10 September.
Dominion previously published sales results for the second quarter of fiscal year 2017 (from May to July 2016) of rough diamonds from the Ekati mine (the Ekati) and Diavik (Diavik), as well as the Ekati production results for the same period.
The results of three trading rough diamonds for the quarter were $ 160.0 million compared to $ 209.7 million in the second quarter of 2016 fiscal year. In the third quarter it is planned to hold two diamond tender.
According to the report Dominion, Ekati to mine in the second quarter of 2017 fiscal year were produced 0.9 million carats of 0.6 million tonnes of ore processed. During the same period of fiscal year 2016 production was 0.9 million carats to 1.0 million tonnes of ore processed.
Commenting on the situation in the diamond market, the company said that after the favorable conditions prevailing in the first quarter, diamond prices have stabilized in the second quarter supported by solid retail demand in the United States. Positive conditions in the first half of the year reduced inventories throughout the diamond pipeline and improved the liquidity situation in the industry. However, despite the improvement in the relations of banks to the industry, they continue to be cautious.
Retail markets outside the United States, noted in the Dominion, are under the influence of a strong US dollar, making jewelry is relatively expensive in local currencies. Despite the decline in demand from wealthy clients, growth in retail demand in China focused on the wider retail sector, which contributes to the expansion of the middle class.
Also in the East, demand from Japan remains high, supported by tourism from China, where people come to buy luxury items. Conversely, the demand for retail markets in Europe, Hong Kong and the Middle East remains somewhat muted, noted in the Dominion.
http://traditionpearlnecklace.blogspot.ca/
Dominion previously published sales results for the second quarter of fiscal year 2017 (from May to July 2016) of rough diamonds from the Ekati mine (the Ekati) and Diavik (Diavik), as well as the Ekati production results for the same period.
The results of three trading rough diamonds for the quarter were $ 160.0 million compared to $ 209.7 million in the second quarter of 2016 fiscal year. In the third quarter it is planned to hold two diamond tender.
According to the report Dominion, Ekati to mine in the second quarter of 2017 fiscal year were produced 0.9 million carats of 0.6 million tonnes of ore processed. During the same period of fiscal year 2016 production was 0.9 million carats to 1.0 million tonnes of ore processed.
Commenting on the situation in the diamond market, the company said that after the favorable conditions prevailing in the first quarter, diamond prices have stabilized in the second quarter supported by solid retail demand in the United States. Positive conditions in the first half of the year reduced inventories throughout the diamond pipeline and improved the liquidity situation in the industry. However, despite the improvement in the relations of banks to the industry, they continue to be cautious.
Retail markets outside the United States, noted in the Dominion, are under the influence of a strong US dollar, making jewelry is relatively expensive in local currencies. Despite the decline in demand from wealthy clients, growth in retail demand in China focused on the wider retail sector, which contributes to the expansion of the middle class.
Also in the East, demand from Japan remains high, supported by tourism from China, where people come to buy luxury items. Conversely, the demand for retail markets in Europe, Hong Kong and the Middle East remains somewhat muted, noted in the Dominion.
http://traditionpearlnecklace.blogspot.ca/
Swiss jeweler de Grisogono announced that it has acquired the world's most expensive rough diamond. Through this acquisition, the company plans to become one of the world's leading jewelery and watch brands.
Almaz "Constellation" (Constellation) weighing 813 carats discovered a Canadian company in the field Lucara Diamond cars (Karowe) in Botswana in November 2015.
Earlier this year, the gem was sold at auction for $ 63 million.
Speaking of buying, the founder and member of the Executive Board of de Grisogono Favaz Gruozi (Fawaz Gruosi) said: "I am very glad that I had the opportunity to work with such an incredible and important diamond, . as the "Constellation" as a jeweler, I am aware of the responsibility that I bear in front of the stone, and the team that worked so hard on its getting the opportunity to apply their creative skills to cut and install this stone in a piece of jewelry -. it is an honor and instill Lehi, and I look forward to the opportunity to realize his vision of this process. "
"Constellation" is the second major acquisition this year after the purchase in May of 404-carat rough diamond from Nemesis International.
http://bridalpearlnecklace.blogspot.ca/
Almaz "Constellation" (Constellation) weighing 813 carats discovered a Canadian company in the field Lucara Diamond cars (Karowe) in Botswana in November 2015.
Earlier this year, the gem was sold at auction for $ 63 million.
Speaking of buying, the founder and member of the Executive Board of de Grisogono Favaz Gruozi (Fawaz Gruosi) said: "I am very glad that I had the opportunity to work with such an incredible and important diamond, . as the "Constellation" as a jeweler, I am aware of the responsibility that I bear in front of the stone, and the team that worked so hard on its getting the opportunity to apply their creative skills to cut and install this stone in a piece of jewelry -. it is an honor and instill Lehi, and I look forward to the opportunity to realize his vision of this process. "
"Constellation" is the second major acquisition this year after the purchase in May of 404-carat rough diamond from Nemesis International.
http://bridalpearlnecklace.blogspot.ca/
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