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Expert reports

Blue Nile Gets Physical In Bid To Boost Brand Name
(IDEX Online) - The award for the most ironic piece of news of the slow summer months should perhaps go to that in which online diamond and jewelry retailer Blue Nile said it was creating a physical presence in order to enable potential clients to get a see and a feel for its goods. After taking the online charge forward for the past 15 years, the leading diamond and jewelry e-tailer has an agreement with leading U.S. department store chain Nordstrom to give potential buyers the opportunity to look at goods before placing an order online.

De Beers August Sight Estimated at $715M
(Rapaport) - The De Beers August sight closed last week with an estimated value of $715 million as the company maintained steady prices despite liquidity concerns in the diamond manufacturing sector. Rough trading slowed on the secondary market and premiums on De Beers boxes declined, with boxes selling at average low single-digit percentages during and after the sight.

Diamonds Once Again Set to Sparkle
(The Wall Street Daily) - They say that diamonds are forever. But recently, the diamond industry has been in a downward spiral, with trade plagued by high production costs and falling prices. It’s been so bad that some of the world’s biggest mining companies, including Rio Tinto PLC and Anglo American PLC, considered selling their diamond businesses. Even the major diamond cartels – including DeBeers and Russia’s Alrosa – have suffered. But thanks to rising demand from emerging economies, diamond prices are back on the rise.

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ALROSA is allowed to transfer its gas assets from offshores to parent company
ALROSA has got permission from the Russian Federal Antimonopoly Service (FAS) to transfer its gas assets from two offshores to the parent company, according to ITAR-TASS. ALROSA's press office announced that the appropriate decision is yet to be considered at the shareholders meeting.

ALROSA is not going to increase its capex or dramatically change its sales policy in 2015
The world's leading diamond mining company ALROSA is not going to increase its capex or dramatically change its sales policy in 2015, ALROSA's Vice President Ilya Ryaschin said in a conference call on Monday.

Botswana diamond output to reach 32.2 mln cts in 2020
Botswana’s rough diamond output is expected to reach 32.2 million carats in 2020, according to highlights of an industry report released last week. Market Research Reports said the country would also record an output of 25.3 million carats this year.

Ebola outbreak: Sierra Leone to miss diamond export target
Sierra Leone is set to miss its target of exporting diamonds worth $200 million this year because of the Ebola outbreak currently ravaging the West African country. At least 1,427 people have died of the deadly hemorrhagic virus since it was first detected in the remote jungles of southeast Guinea last March and spread quickly to neighboring Liberia and Sierra Leone.

Jewellers Association, Ahmedabad of Gujarat plans “Suvarna Utsav”
With an objective to benefit Small Traders and to recognize the hard work of Craftsmen, Jewellers Association - Ahmedabad has planned to organize ‘Suvarna Utsav’- The grand Shopping Festival.

WJA Plans Annual Jewelry Night Out for Sept. 18
The Women's Jewelry Association (WJA) will host its second annual WJA Jewelry Night Out on Thursday, September 18 at 6:30 p.m. local time in 15 U.S. cities as well as in Hong Kong at the Hong Kong Jewellery & Gem Fair.

Blue Nile Launches Arabic Language Site for UAE Consumers
Blue Nile launched an Arabic version of its retail website, Rapaport reports. The new website will allow consumers in the United Arab Emirates (UAE) to shop on Blue Nile in their native language for the first time with the option of making purchases in the dirhams, the local currency.

RapNet Delists Diamonds Certified by EGL International - US TV Channel
RapNet, the world's leading professional diamond trading network, has decided to delist diamonds certified by some of EGL International gemological laboratories. New York diamond expert Josh Fishman told WSMV Channel 4 that RapNet has refused to accept for listing the diamonds certified by EGL Hong Kong or Israel laboratories.


Silver Promotion Service can and should become the "Amazon" for silver jewelry – Michael Barlerin
michael_barlerin_preview.jpgSilver jewelry sales in the U.S. saw a significant increase over the last year, according to a survey recently conducted for the Silver Institute’s Silver Promotion Service (SPS) in the United States. The average increase in 2013 for silver jewelry sales was 17%, findings from the survey showed. The Silver Promotion Service is the jewelry industry’s organization for silver, with a potential to become the "Amazon" for silver jewelry. SPS Director Michael Barlerin discusses the latest trends and shares his vision for silver jewelry in an exclusive interview with Rough&Polished.


De Beers proves to be a cash cow for Anglo American
De Beers was fast proving to be a cash cow for the diversified mining group, Anglo American, as it was recently described in some sections of the media as a “star performer” for Anglo during the first six months of the year.

Kristall + ALROSA = Merger with Far-Reaching Consequences
Organizationally, the diamond industry in the USSR was characterized by a truly Spartan simplicity and logic. Mines, mining companies and processing plants were part of the association called Yakutalmaz. Polished diamonds were made by the factories grouped within the Kristall Manufacturing System. Almazyuvelirexport sold goods overseas. The idea to integrate all of these specific activities into a conglomerate apparently never occurred to the Council of Ministers of the USSR. The Russian government did not think about it either when it established the diamond mining company called ALROSA. However, the prospect of vertical integration started to loom in dead earnest before the Russian diamond industry in 2014.

HRD Antwerp
9th China Gold & Precious Metals Summit 2014


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