Expert reports
03.02.2012
Diamond Sector May See a Slow First Half
The diamond industry could see a slow and challenging first half this year with rough and polished prices remaining fragile as well as volatile, and dependent upon growth from consumers in Asia and the U.S., RBC Capital Markets said in its 2012 Diamond Sector Outlook report.
02.02.2012
Zarubezhneft buys blocking stakes in ALROSA’s gas assets
Zarubezhneft, a state-owned oil company, intends to acquire a blocking stake in the gas assets owned by Russian diamond miner ALROSA. The oil company will have 25% plus one share in ZAO Geotransgaz and a 26-percent stake in OOO Urengoyskaya Gazovaya Kompania, all owned by ALROSA.
02.02.2012
The law, which will help regulate the market of precious stones in Italy
Last December, the Italian Chamber of Deputies approved a bill regulating the field of gemology. This bill may become the world's first formulated law for precious stones and consumer protection rules if approved by the other chamber of the Italian Parliament, the Senate of Italy, and only after that the law will take effect.
Currency rates
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Stock quotes
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News
03.02.2012
ALROSA builds up investments into exploration
At the meeting held by the Executive Board of ALROSA and chaired by the company’s President Fyodor Andreev in Mirny this Friday its participants discussed the progress of the exploration program to be implemented until 2018 and performance of the exploration team in 2011. The diamond miner spent about 4 billion rubles on exploration and prospecting works in 2011 and earmarked over 5.358 billion rubles to be invested for this purpose in 2012. This was stated in ALROSA’s press release received by Rough&Polished.
03.02.2012
Botswana cuts 2012 economic growth forecast on diamond market uncertainty
Botswana, the world's biggest diamond producer, has cut its overall economic growth forecast for 2012 to 4.4 percent from an initial projection of 7.1 percent.
03.02.2012
Harry Winston Diamond Corporation Wins RJC Certification
The Harry Winston Diamond Corporation, the rough diamond marketer and luxury jewelry retailer, has achieved certification by meeting the highest ethical, social and environmental standards established by the Responsible Jewellery Council’s Member Certification System.
03.02.2012
Indian Diamond Exporters Turning to Asian Market
India’s diamond exporters are turning to Asian markets as demand in the US, still the world’s No, 1 consumer of diamonds, remains sluggish.
03.02.2012
Japan's Polished Diamond Imports +28% in Dec.
Japan’s diamond jewelry imports grew 28 percent year on year to $66.5 million in December.
03.02.2012
African Mining Indaba set for Cape Town next week
All roads will be leading to Cape Town, in South Africa, where the annual Investing in African Mining Indaba is set to take place.
03.02.2012
Jewellex Africa 2012 slated for September
This year, Jewellex Africa, a B2B platform showcasing the prime of South Africa’s gem and jewellery industry is slated between 1-3 September at the Sandton Convention Centre, Johannesburg.
02.02.2012
CIBJO President receives Award of Order of Carl Faberge for contribution to development of jewellery industry
CIBJO President Gaetano Cavalieri has received the Award of the Order of Carl Faberge at a ceremony held yesterday in St. Petersburg.
Exclusive
23.01.2012
Hard Stone Processing: The backbone of the industry should be the manufacturers
In July 2007, the Namibian arm of Diamond Trading Company announced competitive selection among the country’s diamond cutting factories to be included into the first list of NDTC sightholders. At that time, Hard Stone Processing (Pty) Ltd (HSP) was already working in Namibia as an independent manufacturer and its factory successfully occupied a strong position among the leading sightholders turning into one of the three top diamond cutting companies in Namibia. Its CEO Burhan Seber gave this interview to Rough&Polished.Analytics
Cautious prognosis for diamond market after ‘good’ holiday season
Rockwell Diamonds said recently that diamond jewellery sales in the United States were better during the last Christmas season than the year before. This, it said, is expected to assist in the liquidation of inventory with the resultant cash flow improvement rolling over into the January and February rough diamond purchasing period.
Dividends from ALROSA
In the near future, ALROSA intends to increase its free float by placing its shares on the market. The dividend rate is an important attractiveness factor for investors, so now when making decisions about dividend payments the company, willing or not, will have to focus both on the needs of minority shareholders and dividend yield standards generally accepted in business.
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