Expert reports

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.

Diamonds Aren't Forever for Botswana as Mining Boom Fades
(Bloomberg) - The honeymoon is over in Botswana, where the diamond industry that led the world has fallen on hard times. The discovery of the gems nearly half a century ago transformed the southern African nation from a dusty farming backwater into one of the continent’s wealthiest societies. Now the diamond mining industry is floundering as jewelry sales stagnate amid a slowdown in China. An index of rough diamond prices hit a five-year low last month. With most diamonds near the surface having been extracted from Botswana’s mines, the gems are also becoming increasingly inaccessible.

Japan Rises as Asia’s Leader for Chinese Luxury Spending Growth
(Jing Daily) - As mainland China’s luxury consumers continue to shun once-favorite shopping destination Hong Kong, Japan has emerged as a key locale for Chinese traveler-driven sales growth in 2015. Recently, Hermès reported that Japan was the source of its highest sales growth rate globally in the third quarter with a 16.6 percent increase. In contrast, its Asia-Pacific sales excluding Japan declined 1.5 percent, which the brand said was thanks in large part to a continued retail slump in Hong Kong and Macau.

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Stock quotes

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ALROSA reports Q3 and 9M IFRS results
9M 2015 ALROSA revenue increased by 17% y-o-y and amounted to RUB 172.5 bn. Despite 20% y-o-y sales volume decline, FX market environment contributed to strong 9M 2015 financial results.

De Beers pins hopes on US Christmas sales, Chinese New Year
Having endured a year of depressed rough diamond sales, De Beers is now said to be “pinning its hopes” on good sales in the weeks leading to Christmas in the US and during the Chinese New Year next year.

DiamondCorp resumes development work on 290m level at Lace
DiamondCorp said development tunnelling has resumed on the 290m doming level at its Lace mine in South Africa following completion of back-filling activities.

Global platinum jewellery demand in 2015 to decline 5% - WPIC
The World Platinum Investment Council (WPIC) has estimated that global demand for platinum jewellery in 2015 at 2,850 thousand ounces (koz) will be 5% lower than the corresponding figure of 2,990 koz in 2014, mainly on account of weak demand in China.

Only 4 of 13 diamond cutting, polishing factories in Namibia operational - minister
Namibia’s mines minister Obeth Kandjoze said only four of 13 diamond cutting and polishing factories are operational in the southern African country.

PNG Jewellers wins the most promising brand award
PNG Jewellers, the Indian Jewellery brand that has been growing in leaps and bounds has been awarded as the most promising brand of India in Jewellery and Lifestyle sector by WCRC (World Consulting and Research Corporation).

Gemfields pockets $19.2m from lower-quality emeralds auction
Gemfields said it earned $19.2 million from an auction of mainly lower quality rough emerald extracted by its 75 percent owned Kagem Mining in Zambia.

DPA’s marketing initiative excites Indian diamond industry
The marketing initiative to be launched soon by the Diamond Producers Association (DPA) is expected to bring back the sparkle to Surat’s cutting and polishing sector by at least next year, according to reports in Times of India.


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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