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Expert reports

Anton Siluanov: The main task of ALROSA is to achieve positive financial results and tap into new markets
( - The new president of ALROSA, Andrey Zharkov will carry out the implementation of the previously adopted strategy of the company, Finance Minister Anton Siluanov told reporters. The aim of this strategy is to maximize the financial result, he said.

Rio's Murowa cut output 61% to avoid tax
( – Fears over the effect of mining taxes, and implementation of a new mineral export levy, led to a 61% decline in first quarter diamond production at Rio Tinto's Murowa mine in Zimbabwe. The Anglo-Australian group said in a trading update that productivity at its Murowa diamond mine in Zimbabwe had tumbled by as much as 61% to 40,000 carats quarter-on-quarter. Productivity was also 42% lower compared to the December quarter.

Consolidation of Zim diamond mines needs careful handling
The ruling Zimbabwe African National Union Patriotic Front (Zanu-PF) party said at its 14th National People’s Conference in December 2013 that there is need to streamline the number of diamond miners in Marange.

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ALROSA's net profit under RAS up 2.9 times in Q1
( - The net profit of ALROSA diamond company under RAS jumped by 2.9 times in the first quarter of 2015 to 17.706 billion rubles against 6.118 billion rubles a year earlier, according to the company's data.

ALROSA Supervisory Board proposes dividend payments for 2014
On 23 April 2015, ALROSA’s Supervisory Board discussed a number of measures to prepare for the Annual General Meeting of Shareholders.

North Arrow reports occurrence of rare yellow diamonds at Q1-4 kimberlite
North Arrow Minerals Inc. announced that yellow diamonds from the Q1-4 kimberlite contain un-aggregated nitrogen, a defining characteristic of rare, natural Type Ib diamonds with fancy "Canary Yellow" colours.

Tanzania’s ban on rough tanzanite exports over 5 cts fails to yield results
Tanzania has admitted that its 2010 moratorium on exports of rough tanzanite exceeding 5 carats or 1 gram has failed to produce anticipated results.

Belgian authorities introduce "tax on carats"
The Belgian Government as part of austerity policies announced its intention to introduce a so-called "tax on carats" in the amount of 0.55% of the net profit of the Belgian diamond dealers.

Tanzanite Experience leads Tanzania’s dream of value addition
The Tanzanite Experience, which has boutique stores in Tanzania’s Arusha and Dar es Salaam as well as Cape Town, in South Africa, is one of the local firms leading in the implementation of the country’s dream of beneficiating its gemstones.

GECI to sponsor CIBJO congress
Gemological Education & Certification Institute (GECI), the leading gemological institute for certification, education and research, reported it will become a sponsor of the upcoming CIBJO Congress in Brazil.

Panel discussions draw crowds at DDC-2015
On the concluding day of the two-day Dubai Diamond Conference 2015 (DDC2015), expert panels discussed the most important issues facing the global diamond industry including synthetic diamonds, ethics and diamond financing.


Investments that Make One Beautiful and Happy
svetlana_maximova_x.jpgSvetlana Maksimova, CEO of the Casting-House jewellery company (with the office in the Triumfalny trade centre, specializes in the designer items using high quality Yakutian diamonds with their origin being beyond any doubts and their cut flawless). She is a founder of the Yakutian polished diamonds trademark (Yakutskiye Brillianty). She has graduated from the Yakutian State University and the Far-Eastern Institute of Psychology and Psychoanalysis. She worked as a Senior Deputy Director General at the diamond cutting and polishing Tuimaada Diamond company, AK ALROSA (in the Centre for co-operation with cutting and jewellery companies) and also as a Director of the Almazny Dvor (Diamond House) trading and exhibition centre and a Director General of the Diamond Club of Russia.


Investor Day: ALROSA in anticipation of new president
ALROSA held its first Investor Day in London on April 7, 2015 introducing its plans for the current year and sharing its vision of the market situation. The Acting President of ALROSA, Ilya Ryaschin confirmed that diamond mining remains a strategic priority of the company, as well as getting rid of non-core assets and deleveraging. The market did not expect any course-changing from the management of ALROSA, although from the end of April the policy of the world’s largest diamond miner will be determined by its new president.

A new season of life ushered for diamond business in March?
Despite a slowdown in consumer markets in Europe and the Middle East, the Indian diamond industry is totally geared up to cater to larger markets like the United States and China. The post Signature IIJS period has been rather fruitful for the industry as overseas buyers, especially from Hong Kong, have arrived in large numbers to Mumbai, making Bandra Kurla Complex (which houses the Bharat diamond Bourse, as well as many diamond firms) now look like mini-China.

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