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South African investors have little appetite for investments

A business and technical leader in the diamond exploration and mining industry, James Campbell has spent over thirty years in the diamond industry and is currently Managing Director of Botswana Diamonds plc. His immediate past role was Chief Executive...

24 april 2017

Jean-Marc Lieberherr: Medium to long term prospects for the world diamond market are strong

Diamond Producers Association (DPA) was established in May 2015 by seven of the world's leading diamond companies, including ALROSA and DE BEERS, to maintain and increase the demand for diamonds, as well as their credibility. One of DPA’s most important...

17 april 2017

Chidhakwa: I have no misgivings about diamond mining consolidation in Zim

Zimbabwe’s mines minister Walter Chidhakwa stands accused of decimating the country’s diamond industry when he decided early last year to streamline operations of mining companies in Marange and that of partly Russian-owned, DTZ-OZGEO, in Chimanimani...

10 april 2017

We are open for good business in all our locations - Erik Jens

Erik Jens, the Global Head - Diamond & Jewellery Clients - AMRO BANK N.V. comes armed with professional experience in banking, financing and investments. He has specialized in private wealth management solutions, investments in hedge funds, private...

03 april 2017

Those who do not define their own niche, will not survive

The Antwerp Diamond Trade Fair (ADTF) enjoys broad industry support as a key annual event for the international jewelry community. The invitation to the ADTF can be obtained directly from the organizers, on the recommendation of one of the participants...

27 march 2017

The virtual miner - investigation

Today

ATTENTION! This journalistic investigation is directly related to the interview given to Rough&Polished by World of Diamonds, and we strongly recommend reading both texts to have a complete impression. An opportunity to conduct journalistic investigation is a rare stroke of luck in the work of any journalist. People engaged in illegal activities usually behave very carefully, and to detect them is a big problem. Nevertheless, sometimes even scammers make a blunder. As a rule, they are let down either by greed and thirst for glory, or by pathological confidence in the stupidity of others. Today we will show you just such a case.

A diamond surprise - Russia comes to know it has a brand-new diamond mine, Tarskaya

Today

The World of Diamonds Group of Companies says on its website that it was established in 2001 and has a diversified holding in the industry. “With over a decade of expertise and involvement in five continents, the Group provides fine jewelry, rough and polished diamonds to prominent diamantaires around the world,” the company says, adding that with a full ownership in the Tarskaya diamond mine it has joint interests in several other diamond mines globally. Recently, World of Diamonds asked Rough&Polished to do a story on their operations and we settled on an interview by e-mail with Mr. Boris Voronov, the Group’s Chairman, Managing Director & CEO. It’s all below, as is. And above, there is a commentary to this interview.

The place for a new monopoly

24 april 2017

Have you noticed that a significant part of analytical articles published lately contain this phrase, "... Since the time the diamond monopoly of De Beers ended..."? Time and again, experts recall this, regretfully mulling over the decline in consumer demand, the recurring downturns in the market, the volatility of prices, and the need for generic marketing. Since the last week was not rich in events, we decided to have a little distraction and indulge in fantasies. Actually, if we all recognize that the diamond market was much more stable and predictable under monopolistic control, why not bring it back?

Never-ending problem of choice between high output and high price

17 april 2017

It looks like a diamond market has finally recovered after the market dive in 2014-15. The diamond producers report about high sales in Q1, but the rough prices finally show the growth after a full year of being flat (according to various estimates, it was from 0.9% to 3% for three months). Now, when everything is all right, the industry faces the most important and complicated task – to keep the existing balance. It is important because the market risks to enter a ‘tailspin’ again if the balance is not kept. It is complicated because over the last 5 years, the industry went through two such ‘tailspins’ which means that it could not cope with this task well enough.

Thailand, a leading high-quality gem and jewelry manufacturing center

10 april 2017

Will the increasing importance of the Association of South East Asian Nations (ASEAN) bloc on the global economic stage enable Thailand to further cement its role as a vital diamond, gemstone and jewelry center and one that connects and provides services to the region while also serving as a bridge connecting it to the wider world? The ASEAN grouping includes Brunei Darussalam, Myanmar/Burma, Cambodia, Indonesia, Laos, Malaysia, Philippines, Singapore, Thailand and Vietnam. Thailand serves as a jewelry trading center, and being part of the ASEAN bloc allows it to re enforce its position vis-à-vis regional diamond and jewelry powers such as China and India.

Diamonds for many and diamonds for some

03 april 2017

Last week, the main highlight discussed by the mass media was the jewelry brand bought out by De Beers. Only idle minds missed the opportunity to write about it, but most of all I was surprised by the statements of some industry experts about the “difference in the chosen business strategies.” All this cropped up as if inviting to assess how differently the market is viewed by stakeholders: while some diamond miners are deliberately choosing a “resource-centric” approach and confine themselves to extracting and selling raw minerals, De Beers is choosing its own strategy for building a strong brand, including its projection to retail. However, a “chosen development strategy” means that a company had a chance to choose the most cost-effective alternative out of several possible options. If there is nothing to choose from, this is no longer a strategy, it is just adaptation to existing conditions. Let's face it: "strategy" has nothing to do with this.

Critical mass of secondary market

27 march 2017

Imagine an automobile market, in which cars do not become obsolete and are not being disposed of for half a century. Every year, we see millions of new vehicles coming off assembly lines, but all those produced earlier are still on the market, their features are unchanged and they are bought and sold. Obviously, such a market is doomed - the steadily growing mass of goods will weigh on the price until it turns out to be below the prime cost and the manufacturer will be ruined. In what way is this pattern different from the modern market of natural diamonds? In the same way as a diamond cut, for example, by Smolensk’s Kristall in 1967 is different from a diamond cut there yesterday. That is, in no way at all.

Dull name, important task: generic marketing critical to industry's future

20 march 2017

How do I sell more diamonds, a diamond trader recently asked me. Why don't we see global promotion of diamond jewelry so that more diamonds are sold? How can diamonds compete with the latest iPhone, cute tablet or round-the-world trip? Does the younger generation, such as those born after 1980, regard diamond jewelry as a must-have item? Are we leaving the field open to manufacturers of lab-grown diamonds who can supply stones at lower prices while appealing to young people with claims of producing environmentally friendly goods not tainted by blood diamond issues and not dug out of the ground by allegedly wretched, oppressed and impoverished workers?

Synthetics: cheaper but more expensive

13 march 2017

Twenty-five percent. It is exactly by that amount you will pay less for a ‘mass-consumption’ natural diamond ring compared with minimum prices offered by vendors of synthetics.

The biggest and best International Diamond Week in Israel

06 march 2017

If there was element that wasn't missing from the Sixth International Diamond Week in Israel (IDWI) at the Israel Diamond Exchange's (IDE) trading hall held from February 13 to 16, it was action. Right from the opening, the IDE organized a wide range of activities in order to make a big impression on visitors – as well as via a big social media campaign which started a few months before the event. And its efforts were rewarded with some 400 buyers from 30 countries, including the United States, U.K., Germany, China and India, and over 200 diamond companies exhibiting from Israel and abroad who, together with many hundreds of guests, ensured that the trading hall was packed out for the week.

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