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Expert reports

03.07.2015
The Biggest Challenge
(Rapaport) - The Presidents’ Meeting that took place in Tel Aviv this week highlighted five challenges facing the diamond industry, but the issue of profitability was the most pressing. Constituents of the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA), which hosted the meeting, are fighting for survival as they’re unable to make money from polishing rough diamonds.

02.07.2015
The Jewelry Retail Challenge: Think H&M
(edahngolan.com) - As we all know, the jewelry retail sector is struggling and facing many challenges: from declining consumer interest to limited marketing, from competing categories to unclear propositions, from confidence-eroding scandals to difficult pricing. Even benchmarking performance and prices is not widely available. And these are just internal issues. The question is no longer if the jewelry retail landscape is challenging, but what can be done about it?

01.07.2015
Everyone’s Branding Diamonds!
(www.jckonline.com) - Branding, when it’s successful, evokes immediate recognition and positive emotional responses. Names, slogans, images, and celebrities are used to imprint the brander’s message on consumers’ neural circuits, where it can be plucked back to consciousness by the next sight or sound of the name, slogan, image, or celebrity.

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News

03.07.2015
Alrosa to up investment in Angola
Russian diamond mining giant Alrosa, which currently has a stake in Angola’s Catoca, is set to up its investment in the southern African country.

03.07.2015
World's first Electronic Diamond Exchange of Singapore to become operational in September
Singapore Diamond Investment Exchange will allow diamonds to be traded as an asset class at real-time transactional wholesale prices starting September this year.

03.07.2015
PDE on roadshow to Colombia in July
The Panama Diamond Exchange (PDE) delegation will be visiting Bogota, the capital of Colombia, from July 6 to 8.

03.07.2015
Ellendale Diamond Mine goes into unexpected voluntary administration
Ellendale Diamond mine, a West Australian mine producing rare yellow diamonds has gone into voluntary administration, leaving workers with the fear that they will not receive unpaid wages.

03.07.2015
Namibia establishing new sales and marketing company
Namibia is setting up a new diamond sales and marketing company, according to reports in the Namibian press.

03.07.2015
Hong Kong Jewellery & Gem Fair ends on a positive note
The June Hong Kong Jewellery and Gem fair ended on a positive note. This year, the show received an overwhelming response with 20 per cent increase in exhibitors as compared to last year, reports UBM, the Show organiser.

03.07.2015
CAR to resume rough exports following KPCS’ plan
The Central African Republic (CAR) is expected to resume rough diamond exports shortly, according to reports in AllAfrica.com.

02.07.2015
ALROSA president visits Angola
On 1 July 2015, ALROSA President Andrey Zharkov met with Vice President of Angola Manuel Vicente in Luanda. The meeting was held as part of Andrey Zharkov’s first working visit to Angola.

Exclusive

29.06.2015
Over the long term, we can expect to see a supply shortfall and rising prices - Ali Pastorini
ali_pastorini_x.jpgAli Pastorini, Director of Marketing of the World Jewelry Hub (WJH), in an interview to Rough & Polished talked about the goals set before the WJH, described the main trends and challenges currently facing the world jewelry and diamond markets and delineated the role of China and India.


Analytics

The rise of Online Second-Hand Jewellery Trade in the United States
Could a family-run e-commerce activity that took off less than ten years ago set the pace for a revolution in the retail chain of the World’s largest diamond jewellery market? Apparently, this is what is happening in the United States where in 2007 two siblings, Josh and Mara Opperman, launched a small project called I Do, Now I Don’t.

ALROSA in the first quarter of 2015: When a record result is not because of, but in spite of
The results posted by ALROSA have been influenced by two major factors – by diamond prices and by the exchange rate of the ruble. If the first of them had a negative bearing for the company’s financial results in the first quarter of 2015, the second one played into the hands of ALROSA. In addition, ALROSA employed such a traditional - and indisputably efficient - tool used by diamond miners as adjusting the assortment of its goods. As a result, despite the decline in prices and sales in carats, ALROSA managed to achieve record levels of revenue (in ruble terms) and profitability.

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