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Expert reports

Online Jewelry’s Growth Restraint
(Rapaport) - U.S. online jewelry sales have increased rapidly in recent years, but observers note that thin profit margins and consumers’ reluctance to buy jewelry online have prevented the Internet from becoming a major sales channel for jewelers.

The Diamond Industry in a Funk
(JCK Online) - In the United States, we keep hearing that the economy is improving. And yet the mood in the diamond market has turned grim, which is fatal for such a psychologically dependent industry. Polished prices are soft. Inventories have been high due to a number of factors. Many point their finger at the big mining companies—particularly the largest producers, De Beers and Alrosa—arguing they have squeezed manufacturers so hard they are threatening that sector’s existence.

15% and a Miserable Year
(PolishedPrices) - The De Beers results for 2014 have more than met my expectations. Anglo American must be relieved that De Beers was able to make a 28%, compared to 13% in 2013, contribution to their profits and in doing so were the only division to get close to achieving a 15% ROCE.

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De Beers rakes in $550m from February sight, diamond prices drop
De Beers has raked in $550 million from its February sight with rough diamond prices said to have declined by between 2 percent and 3 percent, on average.

Pangolin recovers more diamonds from Botswana’s Malatswae project
Pangolin Diamonds said a further two diamonds were recovered from soil samples at its wholly owned Malatswae Project in Botswana.

Rio Tinto launches world-first Analytics Excellence Centre in India
Mining giant Rio Tinto will begin its world-first Analytics Excellence Centre in India, to improve equipment productivity across its global operations.

Zim gets back majority of diamonds previously withheld in Belgium
Zimbabwe said the majority of its diamonds attached in Belgium last year were shipped back to the southern African country.

PC Jeweller inks pact with e-tailer Blue Nile
The online retailing space is getting crowded with the recent company to enter the space is the Indian PC Jeweller Ltd, which has signed an exclusive collaboration agreement with Blue Nile Inc, a leading online jeweller in the US, according to media reports.

Registration now available for PDE Grand Opening
With the launch of a dedicated website at, registration has formally opened for the Grand Opening of the Phase I building at the World Jewelry Hub trading complex in Panama.

Sberbank CIB said ALROSA securities undervalued
Corporate and Investment Banking Services of Sberbank (Sberbank CIB) began regular analysis of ALROSA with recommendation to "buy" the company's shares.

“Clever people” stole info on Zim diamonds hidden by De Beers - Mugabe
Zimbabwean President Robert Mugabe said his government has managed to obtain information on the diamond sector that had been hidden by De Beers.


“We believe in the superior craftsmanship of our Belgian Master Cutters”
jean_claude_muller_x.jpgS. Muller & Sons founded in 1955 is now a world-renowned diamond manufacturer managed by the third generation of diamantaires led by Jean Claude Muller, the company’s CEO. S. Muller & Sons has an in-house diamond factory, one of the few that still remain in Antwerp, which is producing the now famous Hearts & Arrows Diamonds. The company’s involvement in Hearts & Arrows initiated with its relationship with Mr. Takanori Tamura, the inventor of the Eight-Star Diamond. While attending the Antwerp Diamond Trade Fair last February, our correspondents – helped by the Antwerp World Diamond Centre and S. Muller & Sons - took an opportunity to visit the company’s diamond factory, which resulted in the interview with Jean Claude Muller below.


International Diamond Week Seen as Success – But How Much Business Done?
Although organizers of the Israel Diamond Exchange's (IDE) February 8-12 International Diamond Week praised the success of the latest edition of the show, it was less clear if the event created business or just a lot of meetings and networking. The diamond week featured a large delegation from the Diamond Dealers Club (DDC) of New York and it was also the first edition to feature a delegation of diamantaires from the Antwerp Diamond Bourse and another from Turkey. The event also featured a high-level signing ceremony of a Memorandum of Understanding between the IDE and Russian diamond mining giant Alrosa.

Indian diamond market in January
Year 2015 started off on a good note for the Indian diamond industry, which was still revelling in the partnership struck with ALROSA during the previous month when 12 contracts were signed by leading industry players, renewals and new. Trading in the diamond district of Mumbai picked up gusto with overseas buyers seen in plenty from main consumer markets. However, of late the Indian markets struggle with continued liquidity problems attributed to less availability of finance as well as delays in overseas payments.

HRD Antwerp
Gemmological & Jewellery Conference
Luxury China


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