Expert reports
11.03.2010
Who would go in for a basket of diamonds?
The idea to transform diamonds into an investment instrument has been thrilling the minds of marketers for several dozens of years. However, the attempts to put this idea into effect were not much successful – because diamonds cannot be standardized. So far, there is only one unique investor which managed to derive profit from its investments into diamonds and this is Russia’s Gokhran.
10.03.2010
Tough decisions ahead as De Beers plans for near-term
Despite remaining the largest single diamond producer in the world and retaining the enormous prestige within the diamond industry that goes with that position, De Beers has experienced an uncomfortable past 18 months. It appears that size does not always bring advantages, with its recently published financial results for 2009 showing a huge decline in sales and a large loss for the year.
09.03.2010
The Diamond Investment Forecast for 2010
After dwindling diamond prices and reduced demand for rough diamonds and diamond jewelry in 2008 and 2009, these precious gemstones are making a steady comeback. In fact, as we ring in 2010, the diamond market is looking like an increasingly promising option for investors.
News
11.03.2010
ALROSA’s new contracts with India will reach $490 million
During the visit of Russian Prime Minister Vladimir Putin to India ALROSA will tie up contracts to deliver rough diamonds to Indian diamond cutting factories to the amount of $490 million within the next three years, the company’s spokesman told Rough&Polished.
11.03.2010
Zim shortlists 20 diamond miners for Marange – report
Reports say Zimbabwe has short-listed about 20 companies to extract diamonds at the troubled Marange field but only five were being seriously considered.
11.03.2010
Circulation of fake certificates gives KP headache
The Kimberley Process Certification Scheme (KPCS) secretariat, in Namibia has acknowledged the existence and circulation of fraudulent certificates.
11.03.2010
Gemfields mulls beneficiation of gemstone in Zambia
Gemfields is considering plans to open a rough gemstone trading business, in Kitwe, Zambia, as well as establish a trial cutting facility at its Kagem mine, also in Zambia to determine the feasibility of local beneficiation.
11.03.2010
Pangea says adieu to CAR as it sells diamond project, shuts down another
Emerging mid-tier diamond producer and explorer Pangea Diamondfields said it will sell its Dimbi project in the Central African Republic (CAR) to an unnamed “senior” employee.
Exclusive
09.03.2010
Gokhran’s Diamond Stock will not Appear on Market until 2012
Vladimir Rybkin, Head of Gohran of the Russian Federation, answered the questions put by the correspondent of Rough&Polished.Analytics
Speculative Potential of Long-Term Contracts
In early 2009, ALROSA tied up long-term (mainly three-year) contracts for selling rough diamonds with 15 large Belgian and Israeli diamond dealers. The pattern for selecting clients to this pool included such pronounced criteria as a stable need in rough diamonds; available own free funds; absence of problems with specialized banks; and a rather low leverage.
More China-Africa deals expected in the next two years - Beijing Axis
Beijing Axis, a cross border facilitator working with Chinese mining and natural resources companies is convinced that the mining industry could expect more China-Africa deals in the next 24 months.
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