Expert reports

Why investing in diamonds is not for the faint hearted
(Mineweb) - The first thing that Yair Shimansky, South Africa’s leading diamond expert has to say about investing in diamonds is: “Buying diamond jewellery is not a financial investment. It’s an emotional investment in your relationship. Walk away from the jeweller who tells you to buy a diamond ring because ‘it is a good financial investment’. You don’t go to a retailer to make a sound financial investment.”

Recycling diamonds: A trend is here to stay
( - In recent articles, I have explored the way that consumers make decisions about buying diamonds and diamond jewellery. I have shown how these decisions are affected by age, income level, and geography, and how the relatively recent introduction of gem-quality lab-grown diamonds is giving consumers a significant new alternative in purchasing decisions. Another important market trend is the sale of ‘recycled’ or heirloom diamonds.

Rough Bubble Bust
(Rapaport) - The diamond industry is undergoing fundamental structural change as the rough diamond distribution system self-destructs amid collapsing rough prices. Frankly, it’s good news. Unprofitable, unsustainable and unfair rough prices have been the bane of our industry. The greatest threat to the diamond industry is that the mining companies will continue to ignore the needs of the trade. So how do we change the position of the mining companies? What must we do? We have to communicate to the CEOs of De Beers and Anglo American that just because you can take advantage of the trade does not that mean that you should. Destroying long-term client trust relationships — the essence of the De Beers brand — while bankrupting the diamond trade for the sake of short-term balance sheet profits is poor leadership at its worst.

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HSBC says Anglo could rake in $10b from De Beers IPO
HSBC Holdings said Anglo American could raise more than $10 billion by selling a part of its De Beers business.

Supply more rough diamond to factories, WFDB urges southern Africa
The World Federation of Diamond Bourses (WFDB) has urged southern Africa, home to some of the world’s largest diamond mines, to supply more rough stones to factories if they want them to be sustainable.

Chow Tai Fook Group’s H1 revenue down 4.1%, gross profit down by 15.8%
Chow Tai Fook Jewellery Group Limited, the largest jeweller listed in Hong Kong has announced its interim results for the six months ended 30 September 2015.

Head of RJC stresses the need for proper lab-grown diamonds disclosure
At a conference in Gaborone designed to examine the role of the diamond industry in Botswana’s development, Andrew Bone, executive director of the Responsible Jewelry Council (RJC), said Botswana’s ground-breaking work during its tenure as Kimberley Process chair in 2006 allowed other African countries to come into full compliance with the process, according to Idex Online.

GJEPC-BDB issue joint statement on GIA invalidating grading reports
The Gemological Institute of America (GIA) had recently invalidated grading reports for 1042 diamonds after discovering that colour and clarity of these stones were fraudulently altered.

Zim challenged to list consolidated diamond firm on local bourse
The Zimbabwean government has been advised to consider registering the new consolidated diamond mining company on the Zimbabwe Stock Exchange (ZSE) and cede some of its shares to stop leakages of the stones as well as promote transparency and accountability.

Afghanistan aims to choke Taliban smuggling funds with gemstone bourse
Afghanistan aims to deprive Taliban militants of funds from smuggled exports of the prized blue gemstone, lapis lazuli, by creating its own bourse to sell the stone, which has been traded for centuries  in the Hindu Kush mountains, according to Reuters.

Russian Ministry of Finance recommends prolongation of ALROSA's Supervisory Board mandate
( - The Russian Ministry of Finance recommended to prolong the mandate of the current Supervisory Board of ALROSA for the next fiscal year, according to the Federal Property Agency website.


India’s First Online Gems and Jewellery Industry Portal Catering to B2B Segment
puja_bansal_x.jpgBelonging to a jewellery family and being a certified diamond grader as well, Puja Bansal has been actively involved in manufacturing, retailing, and designing; and has showcased her expertise in several events and fashion shows in India and international fashion arena. Launching herself in the year 1998 as a brand under Khandelwal Jewellers Ltd (KJL), Delhi, Puja’s keen interest in jewellery and her passion for designing led her to conceptualize MYHEERA.COM, a unique online platform, presenting itself as a virtual world of a globally connected business to business stage for the gems and jewelry industry. In this interview with Rough & Polished, Puja talks about her ‘one-of-a-kind’ online B2B portal dedicated to the gem and jewellery industry, serving all the options in a single platform.


Israel Polished Diamond Fair Quiet but Diamantaires Praise the Concept
Do the world's diamond exchanges have a responsibility to help create business for their members or is it each to his own and the survival of the fittest? According to the trade fairs that have been held at several of the world's diamond exchanges over the past two years or so, it seems clear that they strongly believe the bourses have a role to play in helping to create trade.

Lisbon is the new Dubai: What challenges are facing the new diamond exchange in Lisbon?
Soon, Lisbon will see a new diamond exchange start its operations in Portugal. So far, it exists only on Facebook as a formal community of Lisbon Diamond Exchange. But Project Manager Vitor Rita told Rough & Polished, that this diamond exchange may begin trading in 2 or 3 years, while its stakeholders are currently busy obtaining all the necessary licenses.

HRD Antwerp
Luxury China
10th China Gold & Precious Metals Summit 2015


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