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Expert reports

Sharing Information Enhances De Beers Leadership Position
(Rapaport) - De Beers published its Diamond Insight Report at the September Hong Kong Jewellery and Gem Fair. The 90-page volume, also available online, provides a snapshot of the state of the diamond industry and outlines trends that De Beers expects will drive the market in the coming decade. Rapaport News sat with Bruce Cleaver, De Beers executive head of strategic and corporate affairs, in Hong Kong to discuss the report’s key findings.

Where De Beers Really Makes Its Money
(JCK) - In May, executives from Anglo were murmuring that the company overpaid when it acquired De Beers, that it wasn’t delivering the return on capital it hoped. But in Anglo’s latest financial results, De Beers posted first-half profits of $765 million, a 34 percent increase over last year. Headlines proclaimed it the company’s star. But let us not forget why De Beers has become such a star.

Shifting Demand
(Rapaport) - Diamond prices continued to fall in September maintaining a long-term downtrend that started in mid-2011. Apart from the positive first quarter of 2014, when polished prices rose, average prices have been on a consistent, gradual decline. As a result, September marked the end of another weak quarter for the diamond trade.

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WDMF and Turkish Jewellery Exporters Association signed a Memorandum of Understanding
The World Diamond Mark Foundation (WDMF) and the Turkish Jewellery Exporters Association (JTR) signed a Memorandum of Understanding during a joint press conference held to announce the stepping up of cooperation between the WDMF and JTR.

AWDC warned diamanters about the dangers of the Ebola virus
Antwerp World Diamond Centre (AWDC) notified diamanters leaving for business trip in some African countries about the danger of the Ebola virus.

Stellar recovers “large” diamonds from Guinea trial mining
Stellar Diamonds has recovered “large” diamonds from the trial mining production of the five hectare Baoulé kimberlite pipe in Guinea.

ALROSA purchased 99,73% of additional share issue of Severalmaz
ALROSA purchased 99,73% of additional share issue of Severalmaz, executing its preemtion right, Interfax quoted Severalmaz press statement.

New De Beers, Namibia diamond-sales deal not yet in sight
De Beers and the Namibian government are still negotiating over a new diamond-sales agreement, according to reports. The southern African country, buoyed by Botswana’s success, was eyeing to independently sell part of diamonds produced by its joint venture company with De Beers, Namdeb.

Moody's: Ratings of KAMAZ, Russian Helicopters, ALROSA and Sovcomflot unaffected by Russia's sovereign rating action
Moody's Investors Service said that the ratings and outlooks of government-related issuers (GRIs) KAMAZ OJSC (Ba2 negative), Russian Helicopters JSC (Ba2 negative), ALROSA OJSC (Ba3 positive) and Sovcomflot JSC (Ba2 negative) were unaffected by the weakening of Russia's credit profile, as reflected by Moody's downgrade of Russia's government bond rating to Baa2 from Baa1 on 17 October 2014.

Stornoway Adds Large Diamond Recovery Capacity To Renard Diamond Plant Design
Stornoway Diamond Corporation announced the results of an optimization in plant design at the Renard Diamond Project which is expected to allow the immediate addition of a large diamond recovery capacity to the Renard diamond plant for no additional net capital cost. The news was broken by the miner’s President and Chief Executive Matt Manson in a press-release posted on the corporate website.

One-quarter of US citizens would like to receive jewelry as a present
One-quarter of US citizens say they’d like to receive jewelry as a present for Christmas, Kwanza and/or Hanukah, up from 23.3 percent last year, the report of Prosper Insights & Analytics carried out for National Retail Federation, says.
This is about 1.5% higher than last year's 23.3%.


AWDC regrets seizure of Zim diamonds, but says not involved in the matter
margaux_donckier_preview.jpgAbout 500 000 carats of Zimbabwean diamonds worth about $45 million that were on sale last month at the Antwerp World Diamond Centre (AWDC) were first attached by Amari Platinum before the Belgian court reversed the seizure, pending a court ruling, which is expected anytime soon. A group of white former commercial farmers also attached the same diamonds on the basis of an International Centre for Settlement of Investment Disputes arbitration award against the Zimbabwean government to compensate the ex-farmers. As the legal battle rages on, the voice of AWDC had been silent and Rough&Polished’s Mathew Nyaungwa sought a comment from the centre’s spokesperson Margaux Donckier, who said they regret the seizure. However, AWDC was quick to point out that they were not involved in the matter. Donckier also commented on the recent closure of the Antwerp Diamond Bank.


Between a rock and a rough surface: Africa’s woe as it seeks to cut, polish diamonds
De Beers said in its inaugural Insight Report, which was released last month that the global diamond cutting and polishing sector remains fragmented, with midstream companies under pressure from a mishmash of increasing costs in the upstream, the availability of credit and price-point requirements from their retail customers.

Alrosa’s planned exploration activities boon for Zim
With Alrosa now actively involved in Botswana’s Orapa, it was also interesting to hear that the diamond giant was set to prospect for precious stones in Zimbabwe with DTZ-OZGEO, a Zimbabwe-Russia joint venture company.

HRD Antwerp
9th China Gold & Precious Metals Summit 2014


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