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.
01.02.2012
Polished diamond prices seen hit by economy in Q1
Dealers attending the January 29 to 31 Antwerp Diamond Trade Fair said European demand for polished diamonds was slow as consumers were uneasy because of the euro zone debt crisis.
31.01.2012
Prospects for global diamond business in 2012
The past year, 2011, despite the ongoing global economic crisis was definitely the best in the history of the global diamond business and in the Russian diamond industry. However, the decline in the fourth quarter associated with the second wave of crisis should be a very disturbing factor for industries engaged in the production of luxury goods.