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Expert reports

De Beers’ Secrets Revealed: Here’s What You Need to Know
(Diamond Investing News) - Diamond giant De Beers’ share of the rough diamond market has fallen substantially from its peak of over 80 percent in the 1980s, but the company still has a bit of a shady reputation. Indeed, as industry expert Paul Zimnisky said earlier this year, many outside the diamond space believe De Beers’ monopoly remains in place, viewing the company as the disingenuous entity described in Edward Jay Epstein’s famous 1982 Atlantic article. However, in reality those days are long past.

Giant Diamonds Lure Investor Cash to Botswana
(The Wall Street Journal) - In a quiet room behind several sets of bulletproof doors, N.B. Parag turned a 141-carat rough diamond in his hands. The golf-ball-size rock was too big for a ring finger, but just right for an investment portfolio. “People that buy big stones are invested in their value,” said Mr. Parag, a director at Karp Group, an Indian diamond manufacturer and retailer. He says about half the large stones he sells end up in the vaults of wealthy customers who see diamonds as a long-term store of value.

Shares In Karelian Diamonds On The Move As More Prospective Results Emerge From Kuhmo
( - Shares in Karelian Diamonds jumped by more than 20 per cent in early trade on 13th November, although the gains were pared later, after the company announced the discovery of kimberlite indicator minerals at one of its prospects in the Kuhmo region of Finland. The Havukkasuo project lies to the north-west of Karelian’s flagship Seitapera project, which is the largest known kimberlite pipe in Finland. The company recently expanded its position in Kuhmo after the Finnish government granted several claims at the end of October, following a lengthy wait.

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ALROSA expects to triple its net profit by 2023
ALROSA, the world's largest diamond producer by volume, expects its net profit to surge threefold by 2023 to RUB 121 billion against RUB 37 billion targeted for 2015, according to TASS citing the talk of Ilya Ryaschin, First Vice President of ALROSA, at a round table event held at the Moscow State University.

Diamonds worth $24 mln smuggled out of CAR since KP suspension in 2013
Diamonds worth $24-million have been reportedly smuggled out of the Central African Republic (CAR) since the Kimberley Process suspension of exports last year, Mining Weekly reports.

Tanzania to impose temporary ban on gemstones exports
Tanzania is to impose a moratorium, albeit temporary, on the exportation of gemstones in a bid to “strengthen” the domestic market, according to the local media.

Gemfields eased emerald Q3 output, ruby remains flat
Gemfields said the output of emerald and beryl eased 3.1 percent year on year to 6.3 million carats in the third quarter that ended on September 30.  

Stellar to generate regular cash flow from Baoulé in 2015
Stellar Diamonds said it commenced trial mining with large gem quality diamonds recovered at its Baoulé project in Guinea where it seeks to generate regular cash flow from next year.

SA State diamond trader says “commercially sensitive” to disclose its buyers
South Africa’s State Diamond Trader has refused to disclose to whom it sells diamonds claiming that it was “commercially sensitive” information.

ALROSA sells insurance business to SOGAZ Group
ALROSA sold 99.74% of its shares in the authorized capital of ALROSA Insurance Company, OOO to SOGAZ, OAO. The buy and sell agreement was signed on November 20, 2014. The transaction amount was defined at an open auction and reached RUB 620 million. The money was already credited to ALROSA's account.

Safety is above all
Technological and production safety will be discussed by the Second Business Congress on “Safety and Protection of Entrepreneurship” to be held on November 25, 2014 in Moscow at the Chamber of Commerce and Industry of the Russian Federation.


“Fancy colours remain a niche category for which awareness and demand is yet to be strongly created”, says Suraj Shantakumar
suraj_shantakumar_preview.jpgSuraj Shantakumar is the Director, Business Strategy, of Kirtilal Kalidas Jewellers Pvt Ltd and a key shareholder and director of various family businesses. He graduated in Business Management (Finance) from the California Polytechnic State University. This versatile 27 year old is involved in the management of the family’s many businesses starting with Kirtilal Kalidas Jewellers Pvt Ltd, Vispark Jewellery Manufacturers Pvt Ltd, Suraj Agro Infrastructure Pvt Ltd and Benchmark Softec India Pvt Ltd. Bringing ideas that are fresh and out of the box, Suraj Shantakumar has a strong desire to constantly incorporate the best from across the globe into the operations he is overseeing.


India to take the ‘rough’ road for further growth
On the Indian diamond Industry’s persistent request, the Government of India is planning to set up a special zone with tax benefits for diamond import and a trading hub. A possible road map is being chalked out by the Government but whether Mumbai is being touted as the chosen city for the Hub, Vipul Shah, Chairman of the Gem & Jewellery Export Promotion Council of India (GJEPC) said that the venue has not been finalised and that GJEPC has not received any intimation from the government.

Gold miners in Russian Federation sacrifice upside for sustainability
A negative outlook for gold prices and capital-intensive projects make the largest Russian gold miners increasingly resort to hedge contracts. This mechanism provides a guaranteed income from the sale of their products to counterparty banks, almost regardless of fluctuations in the market price for gold. When prices were high, gold producers did not enter into hedge contracts, resorting to them only for project financing. However, the 30-percent drop in prices in 2013 changed the attitude to hedging, as it provided stable revenues for companies in the downturn.

HRD Antwerp
9th China Gold & Precious Metals Summit 2014


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