Expert reports
24.05.2013
Sale of 14-percent interest in ALROSA will be major growth driver for its stock in 2013 during privatization
ALROSA managed to finish 2012 posting strong financial and production results, the Finam News Agency writes. The growing demand for diamonds from developing countries resulting in higher prices for these minerals and improved quality and quantity of produced diamonds due to expanding underground mining, as well as the company’s possible interest towards joint ventures in promising diamond exploration and mining projects will remain to be long-term growth drivers for the company's shares.
23.05.2013
PureFunds' Paul Zimnisky Talks Diamond ETF Investing
In November 2012, PureFunds, a New Jersey-based company focused on providing access to niche sectors through pure-play exchange-traded funds (ETFs), launched the PureFunds ISE Diamond/Gemstone ETF (NYSE:GEMS), which the company states is the “first pure-play ETF to exclusively invest in the full life cycle of the gemstone industry.” Diamond Investing News (DIN) recently spoke with Paul Zimnisky, CEO of PureFunds, who explained how the ETF works, how it benefits investors and why now is a good time to get involved in the diamond industry.
22.05.2013
Diamond miner Alrosa plans $15bn autumn share sale
The miner plans a share sale that could value the business at up to $15 billion and raise hundreds of millions of roubles for its local and national government owners, Darya Korsunskaya says in an article posted on Mineweb.
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News
24.05.2013
Rio Tinto Diamonds launches innovative new sales platform
Rio Tinto Diamonds has successfully launched a new and innovative sales platform for a portion of its Canadian Diavik production.
24.05.2013
ALROSA Group produced about 7.5 million carats of diamonds in Q1 2013
The Board of ALROSA at its meeting held on May 24 reviewed management reports on the company’s consolidated budget execution for the first quarter of 2013. The mining division of ALROSA has fully complied with the targets set by the company’s plan and ALROSA Group produced about 7.48 million carats of diamonds.
24.05.2013
Rosneft is Interested in Acquisition of ALROSA’s Gas Assets
Rosneft is concerned with acquisition of gas assets owned by ALROSA, Finmarket.ru reported citing a relevant statement by President of the oil company Igor Sechin.
24.05.2013
ALROSA Announced Annual General Shareholder Meeting to be Held on 29 June, 2013
Supervisory Board of OJSC AK ALROSA reported that the annual General Shareholder Meeting of ALROSA will be held in Mirny town and scheduled on 29 June, 2013.
24.05.2013
Necklace worth almost million euros stolen in France
A new theft of jewelry occurred during the Cannes Film Festival. On Thursday night a diamond necklace made by Swiss jeweler De Grisogono was stolen.
24.05.2013
KP Chair to Address Angolan Diamond Centenary Conference 2013 in Luanda
The Kimberley Process chair, South African Ambassador Whelile Nhlapo, has agreed to be a keynote speaker at the Angolan Diamond Centenary Conference 2013 in Luanda on June 20 and 21.
24.05.2013
Christie's HK To Auction $10 Million Diamond Necklace
Auction house Christie's will be selling a polished diamond pendant necklace that could easily raise a cool $10 million at its Hong Kong Magnificent Jewels sale at the end of the month.
24.05.2013
JCPenney's 1Q Sales -16%, Loss Jumps to $348M
J.C. Penney Company Inc. reported sales plummeted 16.4 percent year on year to $2.64 billion for the first fiscal quarter that ended on May 4.
Exclusive
20.05.2013
De Beers expects moderate growth in diamond jewellery demand
World’s leading diamond producer by value, De Beers said it is anticipating a reasonable growth in diamond jewellery demand this year. Group media relations manager Lynette Gould told Rough & Polished’s African Bureau Editor In Chief Mathew Nyaungwa that China would likely drive the growth. She, however, could not be drawn into providing the company’s projections for rough diamond prices, stating that these were reviewed on a sight to sigh basis.Analytics
India should be engaged, not marginalised
If one major trend has emerged in the modern diamond industry, it is the rise of India as the new centre of balance. India now polishes around 95% of the world diamond production, employing over one million people in the industry. But together with the employment and the large volume of money came the speculation. The wave of outrage that this earthquake has provoked in the stable diamond business is understandable, but less understandable is the mounting proposal that India should be excluded from the rough trade business in favour of old and trusted buyers.
Best performers in Russian jewelry business
Nowadays, very low-end and very high-end jewelry set the style, says Valery Radashevich, a member of the Russian Jewelers Guild and expert of the ‘Estet’ Jewelry House. “A jewelry industry is an indicator of the economy state: demand for jewelry grows only when the population of the country feels confident about the future."
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