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Expert reports

The Bridal Jewelry Boom
(Rapaport) - Demand for engagement and wedding diamond jewelry is stronger than ever, presenting an unparalleled opportunity for the trade. Today’s couples may be well-informed and have larger budgets, but they’re still looking for guidance in their hopefully once-in-a-lifetime ring purchase. Diamantaires and jewelers ought to nurture their position in this sector, which has emerged as the primary growth engine of the market.

Global Diamond Production +11% to $14B in 2013
(Rapaport) - Global diamond production by value rose 11 percent year on year to $14.09 billion in 2013, due mainly to an increase in the average price of rough diamonds, according to annual data published by the Kimberley Process Certification Scheme. By volume, global production increased 2 percent to 130.48 million carats, while the average price of production grew 9 percent to $107.95 per carat.

Development Diamonds
(Rapaport) - The diamond industry needs to support programs to uplift its vast artisanal mining sector. The more than 1.5 million diamond diggers – predominantly in West Africa – and their estimated 10 million dependents, remain the most vulnerable population in the diamond supply chain. The industry’s apparent lack of awareness of this sector exposes its own vulnerabilities.

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India’s polished exports lower by 0.66%; rough imports records 16.19% increase
India’s cut & polished diamond exports for month of June 2014 has registered $1,469 million (2,695,000 carats), showing a decrease of 0.66 percent against $1,478.81 million (2,806,000 carats) during June 2013, according to the provisional figures announced by the Gem & Jewellery Export Promotion Council (GJEPC) of India.

Panama Diamond Exchange looks for potential office buyers in Mumbai, Surat and New York
During the next two weeks, Erez Akerman- President of the Panama Diamond Exchange will be visiting the Indian cities of Mumbai and Surat followed by New York, where he will be meeting with companies interested in obtaining space in the Latin America's first dedicated diamond, colored gemstone and jewelry trading complex.

Indian non-sightholders happy with De Beers’ approach
The Indian diamond industry, which is plagued by a perpetual rough diamond shortage, has welcomed De Beers’ announcement with much cheer.

Zimbabwe imposes embargo on rough diamonds export - report
The Zimbabwean government has reportedly banned the export of rough diamonds to ensure the country realises maximum value for its gems.

Zim diamonds stolen in Dubai, later recovered from Lebanese buyer
A parcel containing 54 pieces of diamonds belonging to Jinan Diamond Mine was allegedly stolen last Tuesday at the ongoing auction of Marange stones at the Dubai Diamond Exchange (DDE).

Japan Jewelry Fair 2014 Opens August 26
The Japan Jewelery Fair 2014, organized by UBM Japan Ltd. and the Japan Jewelery Association will be held August 26 to 28 at the Tokyo Big Sight Exhibition Center, East Halls 2 and 3.

USPTO Issues Trademarks for 'M. Christoff' and 'The Diamond Family'
The U.S. Patent & Trademark Office (USPTO) issued the trademark "M. Christoff" to Michael Christoff Diamond & Jewelry Inc. of Los Angeles, California on July 8 with registration number 4562679.

De Beers July sight rakes in $775 mln - report
The De Beers July sight is said to have raked in about $775 million as the group reportedly raised prices on most goods by 1 percent to 2 percent with significant increases in the prices of smaller and lower quality diamonds.


Diamond jewellery is definitely making a mark on gold loving customers
ishu_datwani_preview.jpgIshu Datwani, Founder, Anmol Jewellers is a man in a hurry. For a first generation jeweller, he learnt the ropes of the business in a short span of time and has not looked back since. While still in college, Ishu pursued a course at the Gemological Institute, armed with which he later established Anmol Jewellers in 1986. From then on, it was one fast race for this young entrepreneur, who with sheer grit and determination took the brand ‘Anmol Jewellers’ to unimaginable heights. Here, Ishu Datwani speaks to Rough&Polished in his inimitable style, about his early struggling days in the Indian jewellery market to the present day… and of course his dreams for the future.


Interesting times lie ahead for Angola’s diamond industry

The Catoca diamond mine is currently the biggest kimberlite pipe in Angola producing more than half of Angola’s diamonds. The proven and probable diamond reserves of the mine are estimated at 130 million carats. However, despite its moves to boost output, Catoca might have recently felt challenged by Lucapa Diamond Company. The company said last month that its Lulo concession would likely dwarf Catoca as the country’s biggest diamond producer.

Panama Diamond “Channel”
The increasing intensity of conflicts in the Middle East, Africa and Ukraine makes it particularly interesting to cast a look at the latest significant innovation in the logistics of the diamond market, which is the Panama Diamond Exchange (PDE). This project is progressing quite well and quite possibly may become one of the main beneficiaries in the difficult situation in which the market may be put through the efforts of politicians.

HRD Antwerp


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