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Expert reports

Who Buys Jewelry?
( - The US State of the Jewelry Market Report recently released by Edahn Golan Diamond Research & Data offers a rare chance to view the jewelry marked at different angles - so to say an X-ray of the jewelry-inclined populus, - thus raising chances for jewelry promoters to reach out to their consumer audiences in a more subtle way. It appears, for instance, that Greater Cincinnati may turn out to be more preferable for jewelry sellers compared even to Greater New York. And merchants trying to lure business hotshots in their prime of life into buying diamonds are apt to sell less compared to jewelers targeting folks who have long hung up their axes. Thrilled? If you are, the clues are here.

Industry waits to see if diamonds have lost their sales shine
(Financial Times) - This month, the diamond industry takes stock after one of its most intense sales periods. The Chinese new year festivities are now part of one of the busiest sales seasons for polished stones, three gift-giving months that also encompass Christmas and St Valentine’s day. Full sales reports are still to come in, but caution is in the air. The industry is waiting to see if polished sales will give the rough diamond market enough impetus to correct recent weakness in the “pipeline” from mine to store.

Dominion/Rio increase Diavik diamond reserves but predict falling production
(Resource Clips) - Joint venture partners Rio Tinto NYE:RIO and Dominion Diamond TSX:DDC have boosted Diavik’s reserves by more than 12%, the latter company announced March 6. Four pipes plus a stockpile at the Northwest Territories mine now hold 53.3 million carats of diamonds, compared to 46.8 million carats at the end of 2013.

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De Beers expects exponential sales growth in China for diamond jewellery
Following China's 6% growth in diamond jewellery sales in year 2014, retailers in the country look forward to another year of solid growth, according to Stephen Lussier, Executive Vice President of Marketing at De Beers Group of Companies.

Zimbabwe diamond exports continue to decline
The Mineral Marketing Corporation Zimbabwe (MMCZ) said the country’s diamond exports eased 33.7 percent to 5.9 million carats in 2014 from 8.9 million recorded the previous year.

IDE to host International Rough Diamond Week in April
The Israel Diamond Exchange (IDE) will hold its second International Rough Diamond Week (IRDW) from April 12-16, 2015, with a series of rough diamond tenders by ALROSA, De Beers Auction Sales, Rio Tinto Diamonds, I Hennig/ Fusion Alternatives and Tzoffey's.

Illegal diamond trade continues to flourish in CAR despite KP ban
Illegal diamond trading is said to be ongoing in the Central African Republic (CAR) despite a ban imposed by the Kimberley Process in May 2013 following a coup d’etat.

RBI allows foreign investors to raise stake in Deccan Gold Mines
Investors lapped up shares of Deccan Gold Mines after the Reserve Bank of India (RBI) allowed foreign institutional investors to increase stake in the company.

RJC brings together key stakeholders on conflict minerals at Baselworld
The RJC hosted a discussion at the Baselworld Congress Centre addressing the very current topic of regulation of conflict minerals, chaired by Charles Chaussepied, the Vice Chair of RJC.

Chinese luxury watch retailer reports 26% hike in 2014 profits
Hengdeli Holdings Ltd, the Chinese luxury watch retailer has reported a 25.9 percent profit increase in 2014 as a result of steady business operations.

ALROSA Executive Committee discussed Udachny MPD development
At the meeting held on March 26, ALROSA’s Executive Committee discussed matters relating to the development of the Udachny mining and processing division (MPD).


We are seeing a slow and steady rise in demand for diamond jewellery - Joy Alukkas
joy_alukkas_x.jpgJoy Alukkas, Chairman and MD of Joyalukkas Group set up his first shop in Abu Dhabi in 1987, which grew into a jewellery retail chain and continued expansion to countries like India, UK, Singapore, Malaysia, Qatar, Oman, Bahrain, Kuwait and Saudi Arabia. Today, the Joyalukkas Group is involved in various businesses other than jewellery, which includes Money Exchange Centres, Luxury Aviation, Malls, Fashion & Silks and Realty. And, in a span of just two decades, the Group has grown into a multi-billion global conglomerate. In an interview with Rough & Polished, Joy Alukkas speaks about his dreams and plans for the future of Joyalukkas Group.


Recycled diamonds: Reducing Demand For New Polished?
More than six years after the global economic crisis struck, one offshoot is continuing to have an effect on the diamond and jewelry industries, and that is recycled diamonds. Although, at an estimated five percent of the market, old diamonds remain a minor element, their share is continuing to grow despite the recovery of the American economy. It was following the financial crash of late 2008 and the deep recession that followed, with millions of jobs lost and hundreds of thousands of home foreclosures, that many people began selling off family heirlooms in an often desperate bid to raise cash quickly.

Access to Credit and Diamonds as Investment: Killing Two Birds with One Stone
Some among the many challenges that the industry is facing have common roots, and they should be tackled together to maximize the efficiency of new policies. A typical case is the one of access to credit for midstream diamantaires and promotion of diamonds as investment. Despite involving two different sections of the pipeline, these two challenges seem to share the same cause: lack of confidence in the purchase and sale processes.

HRD Antwerp
Gemmological & Jewellery Conference
Luxury China


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