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Expert reports

Zim diamonds’ Belgium fiasco: We told you so remark from Mugabe, Mhlanga inevitable
Reports early this month that Zimbabwe was set to conduct up to two diamond auctions in Antwerp, Belgium, before it convene its own domestic exchange in November, came as a surprise to many. It was astonishing in the sense that Harare had earlier in the year said that its stones attracted poor prices in Antwerp compared to Dubai.

Investment banks on resignation of ALROSA CEO: most important is to save strategy
The resignation of Fyodor Andreyev as President of ALROSA is negative for the company, but the fundamental conditions giving rise to investment attractiveness of the Russian diamond miner remain unchanged, according to reviews and comments coming from the majority of investment banks. The main thing is to follow the strategy focused on exploration, production and sale of diamonds.

Influencing Change
(Rapaport) - De Beers is talking about change, urging the trade to be proactive in dealing with a persistently uncertain and volatile market environment. While the company has directed its message to the diamond industry at large, and specifically to sightholders, it continues to evolve its own agenda and business strategy to ensure growth in such a changing marketplace.

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Kimberley allays Botswana diamond mine sale rumours
Kimberley Diamonds (KDL) has dismissed rumours that it is planning to dispose of its Lerala diamond mine, in Botswana. It said in a statement that Lerala was its flagship project and it was rather working towards reopening the mine next year.

AWDC organizes four exclusive networking events in Malaysia and Singapore
AWDC annonced that it would organize four exclusive networking events in the framework of the Belgian Princely Mission to Malaysia and Singapore on November 22-28.

Angola’s Catoca marginally boosts 2013 sales to $594 mln as profit, output tumble
Catoca, which is the leading diamond mine in Angola, said its 2013 sales increased 3 percent to $594 million from the previous year’s $579 million due to improved prices.

WDMF and GJEPC to organize World Diamond Conference in India
The World Diamond Mark Foundation (WDMF) and the Gem & Jewellery Export Promotion Council (GJEPC) of India will organize an international World Diamond Conference, with its fundamental feature being the future of diamonds and diamond jewellery in the global luxury consumer market.

Rockwell eyes old diamond deposits - report
Rockwell Diamonds, an alluvial diamond miner on the Orange River, said it is open to revisiting mothballed diamond deposits if prices of rough stones improve.

Newfield discovers diamondiferous kimberlites outside of known Siera Leone diamond fields
Newfield Resources said its kimberlite discovery at the Lake Popei Project in Sierra Leone has been independently confirmed as diamondiferous.

Draft law on establishing Territories of Priorities Development shall be brought in State Duma before October 15.
Draft law on establishing Territories of Priority Development /TPD/ shall be bring in State Duma before October, 15 2014, ITAR-TASS quotes Minister of Russia's Far East Development Alexandr Galushka.

Pangolin recovers 4 more diamonds from Botswana’s Magi, finds non at Mmadinare
Pangolin Diamonds has recovered four more diamonds from its wholly-owned Magi target in Botswana, bringing to seven the number of diamonds that have been recovered from the target to date.


Surat Diamond Bourse Project will be Successful - Dineshbhai Navadiya, President of Surat Diamond Association
dinesh_navadia_preview_2.jpgWorking closely with the Surat Diamond Association (SDA) for almost 18 odd years, Dineshbhai Navadiya, President of SDA has held different positions as an office bearer, as well as an active member of the organization. In the year 2010, he was elected President of SDA and has remained its President ever since. Though the tenure of a SDA President is only for two years, Dineshbhai has been re-elected President every year due to his diligence and dedication towards the Indian diamond industry. Speaking to Rough&Polished, Dineshbhai explains in detail the activities of SDA and its achievements, worker exodus, defaults in the market, etc., and the current challenges faced by the cutting and polishing sector.


The Five-Year Plan of Andreev
When you talk with experts from Antwerp or Israel about ALROSA, they often say that "the market has changed a lot since the Russian company emerged on it in 2009." Russia has been mining diamonds for more than 50 years, but only recently ALROSA started to be recognized as a fully competent participant of the diamond industry and moreover as its leader. During the five years under the direction of Fyodor Andreev, the company managed not only to move from the verge of bankruptcy - ALROSA was able to step out of the shade of De Beers and earn a reputation of a reliable partner.

Exceptional Way of Fluorescent Severalmaz
Last March, ALROSA commissioned the second phase of the concentrator at the Lomonosov Mine in the Arkhangelsk Region. Having cleared the second phase for operation, Severalmaz, which develops this diamond field, will be able to raise production to 5 million carats in 2021, thus bringing its contribution to ALROSA Group’s total output to about 10%. Currently, Severalmaz provides 2%.

HRD Antwerp
9th China Gold & Precious Metals Summit 2014


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