рус  | eng  |

Exclusive

Demand for diamond jewelry has traditionally been and will be there in spite of crisis situations
valeri_ilyinykh_x.jpgUralskaya Yuvelirnaya Kompaniya (Ural Jewellery Company), Yekaterinburg, holds strong positions on the Russian jewellery market and specializes in the manufacture and wholesale of trendy and classic jewellery made of precious metals, precious and semi-precious gems. Along with exclusive jewellery studded with precious gems, it manufactures big lots of inexpensive and quality jewellery. It has a reputation of a reliable and responsible partner. Valery Ilyinykh, the company’s CEO, gave his answers to questions from Rough&Polished.

Mira Gulati, Founder and Principal Designer of Mirari
mira_gulati_x.jpgA trained jewellery designer and gemologist from the Gemological Institute of America (GIA), Mira Gulati created the brand ‘Mirari’ to cater to India’s growing demand for luxury jewellery with a contemporary edge, as well as the international market’s craving for aesthetic of the Indian classic treasures. Even before embarking on this journey, Mira worked at several jewellery stores in California to develop her skills in sales, operations, security and dealing with clients. Armed with education and experience, Mira ventured confidently into the business of her dreams.

Valeri Kochetkov: To Make Russian Jewellery Art a Brand Similar to Russian Ballet - As It Once Used To Be
valeri_kochetkov_x.jpgThe jewellery produced by Lazurit & K attracts the attention of visitors at the exhibitions and fairs where it is given awards and diplomas. On its website, this jewellery company is presented as follows: “We have our own manufacturing facility in Moscow. We co-operate with renowned jewelers and observe the traditions of the Russian jewellery school. Our jewelry is hand-made and undergoes a full production cycle starting from design sketches to producing final jewelry goods. We use high quality polished diamonds from Yakutia having conformance certificates. Every jewelry piece we make has a lifetime guarantee and a quality certificate. Our jewelry collections are released in limited editions.” Valeri Kochetkov, СЕО and founder of this family business having its own jewellery-manufacturing workshop, answered the questions from Rough&Polished.

Gaetano Cavalieri: I expect our industry to experience steady growth, but not at the pace of the past few years
gaetano_cavalieri_preview.jpgThe World Jewellery Confederation (CIBJO) represents the entire jewelry industry embracing a whole variety of companies, from those mining precious metals and gems to those, which are manufacturing and selling final products. The confederation members are national jewelry associations from more than 40 countries, including Russia. In 2006, the CIBJO was the only organization granted the official status of a consultant to the UN Economic and Social Council on the development of the global jewelry industry. Gaetano Cavalieri, President of CIBJO, has kindly agreed to give this interview to Rough&Polished and to talk about his vision of the situation in the diamond industry.



News

22.05.2015
Global rough diamond output increased to 131.5m ct in 2014 – research firm
Market Research said that the global rough diamond production was 131.5 million carats last year, marginally up from 130.5 million carats in 2013.

22.05.2015
DMCC Tradeflow launches ‘Loans for Diamonds’
Financing the trade in rough diamonds took a major step forward in Dubai on 19th May when DMCC Tradeflow, the dedicated online platform for registering possession and ownership of commodities stored in UAE-based facilities, launched ‘Loans for Diamonds’ in partnership with Commercial Bank of Dubai (CBD) and Rocks International DMCC.

22.05.2015
Lucapa rakes in $2.3m from Lulo’s fourth diamond sale
Lucapa Diamond Company has earned A$2.9 million ($2.3 million) from the sale of a parcel of diamonds mined at its Lulo diamond concession in Angola.



Cautious prognosis for diamond market after ‘good’ holiday season

30.01.2012

Rockwell Diamonds, which operates alluvial diamond mines in South Africa, said recently that anecdotal evidence suggests 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.

Rapaport Group also noted that confidence had improved in the diamond industry since January 1, following a period of relative price stability and a “satisfactory” United States holiday season.

Jewellery seller, Tiffany & Co said that worldwide Christmas-season sales rose 7 percent year on year to $952 million for the two months that ended on December 31.

It said retail sales rose 4 percent to $503 million across the Americas, which include the U.S., Canada and Latin America, while sales leaped 19 percent to $165 million in the Asia-Pacific.

Japan recorded a sales increase of 13 percent to $160 million, it said, adding that Europe sales improved by 1 percent to $117 million.

Rockwell expects diamond prices and demand to increase through the first half of 2012, while Rapaport cautioned that there were concerns whether current price levels were sustainable due to the adverse economic conditions.

The question, however, is whether the conditions that led to a dip in the diamond market during the second half of 2011 were still prevalent.

According to Rapaport the decline recorded during the second half of 2011 was influenced by increasing uncertainty caused by the U.S. and European economic crises, volatile financial, currency and commodity markets, as well as continued political instability in the Mideast.

It said tight liquidity, particularly in India, also impacted trading from July as manufacturers were unable to obtain replacement costs on the high rough prices they had paid earlier in the year.

Clearly, these factors are still prevalent and largely expected to continue influencing the market this year.

The World Bank recently slashed its global economic growth forecasts and warned that rich nations' debt problems may yet reap a crisis that would eclipse the tumult of 2008.

It noted that although the financial turmoil appeared contained at the moment, the risk of a much broader freezing up of capital markets and a global crisis similar in magnitude to the Lehman crisis remains.

It is such a gloomy picture that will largely affect the performance of the diamond market particularly, in the U.S and Europe.

However, this might not be the case in China and to some extend India, which saw its economic growth decelerate in part, last year, because of domestic policy tightening.

Diamonds.net said sentiment in the U.S about prospects for the coming months was mixed as it remains to be seen whether large retailers will build inventories at the same pace as last year.

It also said polished trading remains relatively slow in India due to weak domestic demand and caution by buyers about the general market.

Rough trading was slow but activity is expected to improve in the coming weeks as the January sight cycle begins.

“There is sufficient supply of goods in the market but very few transactions are taking place due to wide price differentials,” it said.

“Large manufactures have maintained their production levels while small and medium size cutters are operating at well below capacity.”

Chinese buyers on the other hand were currently focused on filling last-minute orders before the Chinese New Year begins on January 23, but a slowdown was expected in the coming weeks as the focus turns to the retail market, Diamonds.net said. 

By and large it appears the market will pick in some regions and slow in others.

However, with the economic uncertainty that characterized the better part of the second half of 2011 still hovering above the diamond market, despite good business recorded during the holiday season, it is tricky, as Rockwell Diamonds did, to conclude that all will be rosy during the first half of year.

Predicting the performance of the diamond market this year, especially at this stage is problematic; hence caution is the buzz word.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished

Comments

Only registered users are allowed to comment.
Register
Sign in
© 2007-2015 Rough and Polished