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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.

Botswana’s Debswana says not in trouble
Botswana diamond miner, Debswana recently said that the temporary dip in diamond prices will likely see the company producing just below its target of 25 million carats for 2011. However, Esther Kanaimba-Senai, the Group’s Manager for Corporate and Public Affairs, told Rough&Polished in an interview that Debswana was not in trouble.

Malca-Amit: delivery within a few hours when needed
Malca-Amit is a full service courier company with a 21 year record of providing the highest quality personalised service and the most efficient logistic solutions for diamonds, jewelry, gold, coins, bank notes, and valuable documents. Our correspondent in Brussels caught up with Nigel Paxman, CEO of the Malca-Amit Group of Companies, to find out more about this company.

Gerhard Prinsloo: Standardization could reduce some of the mystique of diamonds
Bain & Company is considered one of the most prestigious management consulting firms in the world, with 47 offices in 30 countries and over 5,500 professionals on staff globally. Recently, the company released a report titled “The global diamond industry: Lifting the veil of mystery” giving an in-depth analysis of diamond production. Gerhard Prinsloo, a key author of the report, has further unveiled the current situation in the diamond market in his interview to Rough&Polished.



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.



Analytics

30.01.2012
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.
23.01.2012
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.
16.01.2012
Immeasurable demand from Asia spurs jewelers to migrate
Neither the economic recession in Europe, nor the high level of unemployment in the U.S., nor any other hurdles seem to be able to cool the shopping fever among Asian buyers. In turn, efforts by international luxury companies to bring their goods to shoppers in Asia have led to a large increase in glitzy high-end shops across the region in the past few years.
10.01.2012
Long-term outlook for diamond market remains positive
One does not need to waste time speculating over the intentions of the Oppenheimers but look at the conviction Anglo American had on the positive outlook of the diamond industry.
01.01.2012
Market report 2011
In Russia, there is an omen: you will live the new year the way you celebrate its advent. If we project this omen on the diamond market, its players may face quite an equivocal year.

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