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Expert reports

19.09.2014
De Beers says global rough diamond output shrinking as demand soars
De Beers, which is the leading diamond producer in the world in terms of value, said last year’s global rough diamond output was about 146 million carats, a far cry from the 2005 peak of over 176 million carats. The group said in its “diamond insight report” that overall diamond supply was expected to increase moderately in the next few years, driven by new projects coming on-stream.

19.09.2014
Search for major diamond source reaches a crescendo, exploration budget seen high - report
De Beers said the diamond industry’s exploration budget is set to remain high as the chase to find the next major source of gems intensifies. The diamond mining industry had spent almost $7 billion on exploration since 2000. It said in its inaugural diamond insight report that most of the exploration spend was taking place in historically underexplored African countries such as Angola, the Democratic Republic of Congo (DRC) and Zimbabwe, as well as the vast swathes of Arctic Siberia and Canada.

18.09.2014
Gold fixing overseen by an independent administrator
London has reconsidered the gold fixing process. The new formula is designed to prevent manipulation with the gold rate. Four international banks - Barclays, Bank of Nova Scotia, Société Générale and HSBC – which perform electronic calculation of the gold ounce rate twice a day, morning and afternoon, are now obliged to do it under the supervision of an independent administrator.

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News

19.09.2014
"Worried" De Beers studies recycled diamonds market
De Beers recently launched a study of recycled diamonds to get first-hand insight into this less-known aspect of the industry amid growing fears that second-hand stones could compete for market share with rough diamonds.

18.09.2014
India’s August polished exports decline by 18.58%; rough imports increase by 26.82%
India’s Cut and Polished exports for month of August 2014 has recorded $1920.05 million (29.04 lakh carats), registering a decline of 18.58% as against $2358.12 million (36.08 lakh carats) during August 2013, according to the provisional figures announced by the Gem & Jewellery Export Promotion Council (GJEPC) of India.

18.09.2014
China Gold Association and the World Gold Council became strategic partners
The World Gold Council, the market development organization for the gold industry, and the China Gold Association signed a "Comprehensive Strategic Cooperation Agreement" at China Gold Congress & Expo 2014 in Beijing.

18.09.2014
Russia, Zim ink $3bln platinum mining deal, annual output of 800 000 oz targeted
Russia and Zimbabwe on September 16 signed Agreement of cooperation to develop platinum project in Darwendale near capital Harare. Russia’s investments amount to  $3 billion.

18.09.2014
Petra sells 122.52 ct diamond for $27.6 mln with provision to get 15% of sale proceed
Petra Diamonds said it sold the 122.52 carat blue diamond recovered from its Cullinan mine in South Africa last June for $27.6 million or $225,269 per carat.

18.09.2014
Russia to supply Zim with state-of-art mining equipment
Russia’s OMZ-Special Steels and the state- owned Zimbabwe Mining Development Corporation (ZMDC) signed a memorandum of understanding that will see the parastatal company modernize its operations through the supply of state- of-the-art equipment.

17.09.2014
Alrosa teams up with DTZ-OZGEO to prospect for Zim diamonds
Diamond giant Alrosa is set to prospect for diamonds in Zimbabwe with DTZ-OZGEO, a Zimbabwe-Russia joint venture company.

17.09.2014
Finance Ministry of Russia suggests to double spending on purchase of precious metals and stones to Gokhran
Russia's Finance Ministry  suggests to double spending on purchase of precious metals and stones to Gokhran in 2015-2016.

Exclusive

15.09.2014
More people are now opting for diamonds rather than plain gold jewellery, because they offer a greater investment opportunity and are trendier
rajiv_popley_preview.jpgRajiv Popley, Director of Popley Group, is well-known in the jewellery and watch sector in Mumbai. In the year 2006, Rajiv launched the first Indian boutiques for Tag Heuer and Omega. His passion for watches and luxury led him to build trade relations with Switzerland by fostering the Indo-Swiss society. Rajiv was also one of the first few to launch platinum jewellery India in association with Platinum Guild International. He has been promoting this rare metal for over a decade. In an interview with Rough&Polished, Rajiv sees the Indian jewellery market becoming more demand-driven with the younger generation playing a major part in the future.


Analytics

The Next Global Diamond Hub could be Virtual, and Chinese
The industry is busy debating the destiny of old and new diamond hubs, but this geographic battle might become completely irrelevant in a few years’ time.

Upsurge in Rough Diamond Smuggling in Central African Republic
After suspension of its membership in the Kimberly Process (KP), the organization set up for curbing the circulation of conflict diamonds, since May 23, 2013 the Central African Republic (CAR) has not officially exported even a single diamond mined on the territory of the country. This resulted in the loss of substantial revenues to its economy.

HRD Antwerp
9th China Gold & Precious Metals Summit 2014
Severalmaz

 

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