Including all areas of fine and decorative arts, jewelery

At the auction Magnificent jewelry (Magnificent Jewels) Christie's in Geneva next month, will be offered a necklace with a diamond weighing 92.15 carats, estimated cost of up to $ 20 million.
Internally flawless diamond D color heart-cut diamond is the centerpiece of «La Légende» - brilliant-pearl necklace designer Boehmer et Bassange. According to Christie's said the stone is the largest such diamond in shape, color and cleanliness ever auctioned.
Another thing Boehmer et Bassange, steam suspensions called «La Vie Bohème», will also be available with an estimated cost of $ 2 and $ 3 Mill.
Other items available at auction, which will be more than 250 different decorations include Burma ruby oval-cut the size of 15.03 carats, mounted in a ring with diamonds estimated cost from $ 10 to $ 15 million.
The auction will take place on May 17 at the hotel Four Seasons des Bergues.
Christie's is one of the world leaders in the auction business, total revenue is at the end of the auction, private and online sales for 2016 amounted to £ 4 / $ 5.4 billion Christie's -. Is an internationally recognized name, associated with outstanding works of art, consummate professionalism, unprecedented a high level of services and the world of luxury. Christie's annually arranges more than 350 trades in 80 categories, including all areas of fine and decorative arts, jewelery, photographs, collectibles, wine, and so on. Prices range from $ 200 to over $ 100 million. Christie's is proud of a long and successful history of organizing private sales to its customers in categories such as the post-war and contemporary art, Impressionist and Modern Art, the works of the Old Masters, jewelry.
At the auction house representative offices in 46 countries and 12 marketplaces around the world, including London, New York, Paris, Geneva, Milan, Amsterdam, Dubai, Zurich, Hong Kong, Shanghai and Mumbai. In Christie's has been actively expanding its activities in countries such as Russia, China, India and the United Arab Emirates, has successfully bid and exhibitions in Beijing, Mumbai and Dubai.

It is time for a positive approach to policy in relation to gold

India's Ministry of Commerce plans to introduce a comprehensive policy for gold, reports CNBC-TV18 quoting to a report NewsRise. The official said the ministry policy on gold will likely include the creation of Gold Council to oversee the gold and jewelery sector.
"The Ministry of Trade will review the opinions of shareholders about the policy before June, and by August will present a proposal to the Ministry of Finance" - the official added.
Earlier this year, the former head of the Reserve Bank of India (RBI) Venugopal Reddy said that the government needs to develop a comprehensive "gold policy" because of the large role of the metal in the economy.
"It is time for a positive approach to policy in relation to gold should be positive comprehensive gold policy, and I believe that the economy is very important, as this segment is dependent on a lot of people." - he said. Reddy also claimed that gold is considered the "base" currency of the world, and in India it is a part of Indian culture, while for women it serves as insurance in the event of unforeseen circumstances.
Meanwhile, the government of Narendra Modi has taken a number of steps to formalize and better monitoring of trade in gold in the country. All probing the precious metal has become mandatory since last year. The government has also launched a special scheme of gold and made mandatory to provide a taxpayer identification number when purchasing products worth over 2,000 crore. All of these steps indicate the seriousness of the government's intentions to make gold in the country of ordinary commodities.
In addition, the Ministry of Finance is also developing a policy of auctions for gold, deposited in banks for monetization scheme. This will open up a new opportunity for the purchase of precious metals by jewelers, as well as mark the full deployment of the scheme, which was launched for cutting import Prime Minister Modi in November 2015 and to reduce the current account deficit.

Creation of a single framework for cooperation

The deal, announced in January between the Italian exhibition group Spa (IEG) and Arezzo Fiere e Congressi, was approved, which created a single representative trade platform for all sectors of the Italian industry of gold and jewelry, according to IDEX Online.
The agreement was signed by the President and CEO of IEG Lorentso Kanoni (Lorenzo Cagnoni), president of Arezzo Fiere e Congressi Andrea Baldy (Andrea Boldi), as well as the Managing Director and Deputy Managing Director, IEG Corrado Facco (Corrado Facco) and Carlo Costa (Carlo Costa) . At the signing of the agreement was also attended by a representative of Arezzo Fiere e Congressi Board of Directors Alesia Gualdani (Alessia Gualdagni).
The agreement creates an exhibition platform for all Italian gold and jewelery industry for the development and promotion of internationally high quality products under the brand Made in Italy.
Creation of a single framework for cooperation with institutions, associations, companies and dealers is intended to ensure the implementation of a more effective strategy to promote the national and international levels of the Italian gold and jewelery industry by operating with the greatest benefit to the industry resources and investments.
Thus, in 2017 Italian Exhibition Group provides the organization and conduct of the five trade fairs: VICENZAORO (held January 20-25), OROAREZZO (May 6-9), VICENZAORO (23-27 September), Gold Italy (21-23 October) VOD - international Jewelery Fair in Dubai (15-18 November).
"Italian Exhibition Group will manage the organization and conduct of the four events in Italy, one in Dubai and will provide a formal presence in the United States and a number of strategic operations in Asia", - said Corrado Facco (Corrado Facco), executive director of the Italian Exhbition Group.
The agreement provides also that the Italian Exhibition Group already in 2017 will manage the holding of gold and jewelery fair in Arezzo.
In 2015, the industry trade exceeded 7 billion euros. Exports reached 6.5 billion with a positive trade balance of $ 4.2 billion. Despite the global decline in demand for gold from jewelers in the first 10 months of 2016 Italian exports reached 4.8 billion euros.

The structure of the company's sales

ALROSA President Sergey Ivanov took part in the extraordinary meeting of business with long-term clients of the company, dedicated to the upcoming new contract period.
The participants, representing more than 70 Russian and foreign companies an opportunity to discuss with the leadership of ALROSA trends in the diamond market, the current market situation, plans for the near future, as well as the structure of the company's sales.
Starting next year, will start a new 3-hletny contract period 2018-2020. The list of candidates for the conclusion of contracts will be formed taking into account the availability of the relevant application from the client, the completeness of the submitted information and, based on results of the analysis of trade cooperation between ALROSA and the candidate for the period 2015 - September 2017.
Range and volume of supply in the framework of a 3-year contract will be established on an annual basis. At the heart of these innovations - the desire to take account of changes in the assortment of buyers' preferences.
"The basis of the sales policy of ALROSA - implementation of most of the diamonds through a system of long-term agreements - will not change. We also intend to keep all our best experience in marketing "system - said Ivanov, speaking to the participants of the meeting. "Of course, the marketing policy will be improved taking into account the opinion of our customers, market opinion", - he added.
The business meeting was held in the framework of the development program ALROSA ALLIANCE, which brings together reliable clients, ALROSA, corresponding to high standards of business conduct and have a deep understanding of the diamond market.

Development of kimberlite pipe

One of the world's largest mining company Rio Tinto has released its production results for the quarter ended March 31, 2017, according to which the diamond production decreased by 8% to 4.152 million carats, against 4.522 million carats in the same period last year.
According to the company, a wholly-owned Argyle (Argyle) in Australia produced 3.016 million carats, which is 11% lower than the figure achieved in the same period in 2016. The fall was due to the processing of smaller volumes of ore and lower diamond content in the rock.
Diavik mine (Diavik) in Canada, where the company owns a 60 percent share of production amounted to 1.136 million carats, which is only slightly below the 1.131 million carats produced the first quarter of 2016. Rio Tinto reported that lower processing levels were offset by a higher content of precious stones in the ore.
The company also noted that the development of kimberlite pipe A21 is still carried out in accordance with the schedule.
Rio Tinto said that the outlook for diamond production in 2017 remains unchanged at the level of 19-24 million carats.

Managed to register higher revenue

The increase in revenues Sarine Technologies Ltd 5% for the first quarter 2017, ended March 31, is due to the resumption of healthy growth segment of cutting and polishing.
Thanks to the support of the diamond production growth Sarine managed to register higher revenue of $ 16.3 million due to increased sales of equipment for the diamond sector and regular income.
Sarine Gross profit increased by 6% to $ 11.1 million, while gross margin remained stable at 68%. Profit from operations fell 14% to $ 3.2 million in the first quarter of 2017, versus $ 3.7 million in the first quarter of 2016. This is due to the increase in operating expenses, which was compounded by the strengthening of the Israeli currency against the US dollar. Group registered net profit decrease in the first quarter of 2017 to $ 2.5 million.
The penetration Sarine Profile system market continues apace, the company points out, especially in the Asia-Pacific region.
In the near future Sarine intends to introduce new technology to assess the color and clarity of colored diamonds.
"These new technologies will be used to maintain the assessment of the market" 4C "diamonds worth $ 500 million a year These technologies are currently undergoing extensive testing in India, and Sarine expects the commercial introduction of new services in the third quarter of 2017." - said the company .

The main rival auction house

Christie's failed to sell a necklace with the world's largest flawless diamond heart-shaped color-cut D from ever offered at auction for $ 15 million.
The diamond weighing 92.15 carats, which is part of a necklace, reached an average price of $ 162,611 per carat, which corresponds to its preliminary assessment in the amount of $ 14.1 to $ 20.2 million. The product, called «La Légende», is the creation of high-end jewelry house Boehmer et Bassenge.
Among the other lots sold at the auction -. Ring with diamonds and 15.1-carat oval ruby, gone under the hammer for $ 12.9 million of rectangular-cut diamond is also weighing 7.97 carat fancy intense blue color VS1 purity was sold for $ 12.7 million, or $ 1.6 million per carat.
At the auction Magnificent jewelry (Magnificent Jewels and Noble Jewels) Christie 's revenues reached $ 95 million. A day earlier, the main rival auction house Sotheby's sold the jewelry to the amount of $ 151.5 million in its event in Geneva, and the main lots was a pair of earrings sold for a record $ 57.4 million, or $ 2.9 million per carat.

Average diamond price Leslie tube will be $ 85 per carat

Dominion Diamond Corporation announced resource estimate kimberlite pipe Leslie (Leslie) at the Ekati diamond mine (Ekati).
According to the release Dominion, evaluation tube resources Leslie suggests that it contains 51 million tonnes of rock with a diamond content of 16 million carats, making it the priority of the tubes mine Ekati on which of bulk samples have been received but not yet included in the production plan.
Dominion predicted that approximate the average diamond price Leslie tube will be $ 85 per carat, while the maximum - $ 120 per carat.
The surface area of the tube Leslie reaches about seven acres. The content of diamond in the 680 tons of samples taken at the tube was 224 carats, or about 0.3 carats per ton.
"Tube Leslie is the most high priority among kimberlites, where bulk sampling results that demonstrate the announced resource estimate was prepared," - said Dzhim Govans (Jim Gowans), chairman of the Dominion government.

Whose task is to promote internet marketing

The Israel Diamond Exchange (Israel Diamond Exchange, IDE) has opened a new unit, whose task is to promote internet marketing among members of the exchange, according to the data of IDE.
The new division of Internet Marketing staffed, which will assist diamantaires in connection to e-commerce platforms and loading of goods in the internet procedure. Computer and 360-degree camera installed to photograph and upload data about diamonds on web sites.
Over the past year, the Israeli diamond industry has introduced a number of initiatives in the field of e-commerce, which was the signal for a new direction of development of the industry. This year, IDE, together with a group of "IDI" company (Israel Diamond Institute, IDI) launched the GET-DIAMONDS system. This platform offers international and local customers free access to view all Israeli gemstones through modern, free and convenient platform for business, available anytime and from anywhere.
President of the Israel Diamond Exchange Yoram u'Dvash (Yoram Dvash) said: "We are making great efforts to provide a new marketing channel for our members and promote the use of the Internet as a sales tool I believe that this will give our industry a comparative advantage we need to look to the future.. and this is the right direction. "

To improve our understanding of the size and potential

North Arrow Minerals announced the closing of the private placement of shares worth $ 4 million.
The company issued 20 million shares priced at $ 0.25 Canadian dollars per share, each of which consists of one common share in the capital of the company and one warrant to purchase shares.
As part of a private placement Electrum Strategic Opportunities Fund LP and Ross Beaty made an investment of $ 2 million each, or a total of $ 4 million, which will give each of them the right to receive 19.01% of the shares North Arrow.
Cash proceeds from the placement will be used to supplement the general working capital of the company and the financing of the ongoing assessment of Canadian exploration facilities, including research programs on projects Naudzhaat (Naujaat) and Mel (Mel) in the Northwest Territories, which is expected to begin in June.
Ken Armstrong (Ken Armstrong), President and CEO of North Arrow, said that the private placement "allows North Arrow to complete the drilling program and summer sampling of kimberlite Q1-4 in the fully owned company Naudzhaat project in Nunavut."
He continues: "The program aims to improve our understanding of the size and potential of Q1-4 and diamond size distribution and value characteristics."

Related to the purity of the highest category

At the spring auction of Magnificent and Noble jewelery (Magnificent Jewels and Noble Jewels) Sotheby 's in Geneva, a pair of earrings with diamonds for $ 57 mln. Was sold
Earrings "Apollo" and "Artemis" (Apollo and Artemis) are made of fancy bright blue and fantasy intensity pink diamonds.
"Apollo Blue" weighs 14.54 carats and is related to the purity of the highest category - without any internal or external defects. Its physical type IIb is so rare that belong to it only to 0.5% gem diamonds produced in the world. Its uniqueness lies in the fact that you can meet the world's only 0.1% of natural diamonds blue. The sale price of the lot was $ 42.1 million, or $ 2.9 million per carat.
"Artemis pink" weight 16 carat pear-cut corresponding to "Apollo blue" has a type IIa, by GIA data, and has been sold for $ 15.3 million or $ 958,636 per carat.
Earrings were presented as separate lots, but purchased by one buyer.
"Today's sales results, where more than 90% of the lots were sold and delivered three new world auction record, once again underline the strong demand for high-quality diamonds, gems and jewelery, - said David Bennett (David Bennett), head of the international jewelry division Sotheby's . - I am very pleased that these stones earrings remain together, one owner. "
Auction gorgeous and noble jewelery brought a total of $ 151.5 million.

It become possible to combine the two trade body jewelry industry

CEO of the British National Association of Jewelers (National Association of Jewellers, NAJ) , announced his resignation as intends to pursue other career opportunities.
Rawlinson headed NAJ in 2015, when the British Jewelers Association (BJA) and the National Association of Jewelers (NAG) have teamed to create a specialized body. Rowlinson previously was CEO NAG and implemented for combining supervision.
"I achieved what I set out to do when he joined the NAG, - Rawlinson said in a statement -. Four years ago, it became possible to combine the two trade body jewelry industry From that point the union BJA and NAG was our goal.".
Chairman NAJ Saymon Dzhonson praised Rawlinson job of managing the merger process and the relocation of a new organization in the quarter in Clerkenwell, London.
"Changes of this magnitude - a difficult task, but he was able to achieve this with the support of his team and the National Committee of the NAJ", - said Johnson.

Local community who have worked hard to make this achievement possible

Stornoway Diamond Corporation reported that it was able to produce one million carats of diamonds at a diamond mine Renard (Renard) in Quebec, Canada.
Renard Project - the first diamond mine in Quebec, which began commercial production January 1, 2017.
The average annual diamond production is forecast at 1.8 million carats per year over the first 10 years of production.
Matt Manson (Matt Manson), President and CEO of Stornoway, commented: "Today's announcement represents another important milestone in our production at Renard mining one million carats coincided with the sale of the first diamonds from the mine in Montreal I would like to.. I express my gratitude to the staff of employees and contractors Stornoway, as well as our partners from the local community who have worked hard to make this achievement possible. "

Polished diamond imports to the US fell

According to government data, polished diamond imports to the US fell by 3% in March this year, to $ 1.99 billion.
Polished imports by weight fell by 10% to 970,953 carats as the average price rose by 8%, to $ 2045 per carat. Polished diamond imports to the US from Israel increased by 13%, to $ 606.4 million, from India - fell by 3%, to $ 673.8 million, and from Belgium - decreased by 1%, to $ 281.5 million.
Diamond Exports rose 7% to $ 1.58 billion and net import decreased by 28% to $ 402 Mill.
rough imports fell by 22% to $ 35 million, while diamond exports jumped by 81% to $ 47 mn. net US import diamond It fell to minus $ 12 million, compared to plus $ 19 million in the same period of the previous year.
The balance of the diamond trade, reflecting the difference between net imports and exports fell by 33% to $ 389 million.
During the first quarter of the year, polished diamond imports to the US fell 11% to $ 2.45 billion, while exports of processed stones fell by 3% to $ 4.58 billion.

While providing a unique geographical location

Dubai Diamond Exchange (DDE), a subsidiary of DMCC has, announced the successful completion of the first of six diamond tenders scheduled for 2017. The tender was held in the Tower, "Almas" in Dubai, and his conduct contributed DDE in a secure, transparent and regulated environment, as a result managed to sell rough diamonds total weight of 50 000 carats, according to a press release, DMCC.
DMCC partnership with Trans Atlantic Gem Sales (TAGS) to ensure the presence of more than 130 customers who participated in the 12-day event.
TAGS organize six auctions for diamonds in Dubai in 2017 as part of the partnership with the DMCC.
Commenting on the series of tenders, Sashittal Gautam (Gautam Sashittal), CEO of DMCC, said: "Dubai is one of the world's top three centers of diamond trade in 2016 diamond imports increased by 16% to $ 6.3 billion, and DMCC has made a significant contribution. in this growth. the Dubai diamond Exchange, DMCC has platform provides industry participants infrastructure and regulatory framework that is required for their growth, while providing a unique geographical location of Dubai between production and the consumer market of East and West. "
Through the trading platform DMCC diamond suppliers with lower volume production can sell their products with a large industrial mining companies. At the last tender was submitted diamonds from the West Coast of South Africa, who are known for their clarity and quality, according to a press release.
Thinking about Dubai's ability to integrate the global supply chain in the diamond industry, Mike Egget (Mike Aggett), CEO of The TAGS, said: "Dubai is an important center of commerce for The TAGS, differing not only a reliable customer base, but also a unique access capability and the integration of markets worldwide. in cooperation with the Dubai diamond exchange, the mining companies and manufacturers of all sizes and scales have a unique opportunity to enter the global supply chain through Dubai and reach out to a broader market. "

We look forward to the show

The Israeli diamond industry is in the midst of preparations for the JCK Show in Las Vegas, scheduled for 5-8 June 2017. According to the group of companies "IDI» (Israel Diamond Institute, IDI) , the Israeli Diamond Pavilion this year will be represented by 33 exhibitors, with 30 more Israeli companies are exhibited in other places of the exhibition.
In two different places of the pavilion will create a dedicated search engine plant for GET-DIAMONDS Shows precious stones, which allows customers to search for products among Israeli exhibitors.
IDI Chairman Shmuel Schnitzer (Shmuel Schnitzer) said: "We look forward to the show JCK this year seems that the diamond industry worldwide is beginning to recover It's no secret that the past few years have been quite complex, but it looks like.. we have experienced a decline. we are seeing strong demand from the US and the rise in trade with Asia. The United States is our largest market for diamonds, and we strive to continue to lead in this market. "

The workers will continue to receive the full payment

Trans Hex posted its mine Bloeddrif (Bloeddrif) on care and maintenance. This project is part of the aging mining operations of diamonds in the lower part of the Orange River Basin (Lower Orange River, LOR) in South Africa.
The company said it is also negotiating with the relevant stakeholders, including the National Union of Mineworkers of South Africa (National Union of Mineworkers, NUM) , which earlier this week condemned the "sudden closure" of the mine with a staff of 115.
"Constantly decreasing level of diamond content in the breed and size, as well as the increase in production costs, have led to significant financial losses", - said in a statement TransHex that leads Mining Weekly.
"In the current financial year, the situation has worsened and has now taken measures to contain further losses. It is important that the inlay (Baken) mine had the best chance of survival, at least in the short term. The workers will continue to receive the full payment, while the company is taking the necessary legislative procedures and in consultation with relevant stakeholders ", - concluded the TransHex.

Limited number of diamonds of a wide range

De Beers Group has announced that it will hold an auction for the first time division pilot sale of own diamond company in the framework of an auction. On sale will be exposed to a wide range of cut stones, made of raw diamonds from De Beers.
These diamonds are the result of their production of rough diamonds under the contract with the auction division of De Beers in order to assess what will be the range of diamonds. Polished diamonds will have a classification certificates of the International Institute of diamond classification and research (International Institute of Diamond Grading & Research , IIDGR) and GIA (Gemological Institute of America, GIA) .
The pilot will provide auction auction division of De Beers an opportunity to assess consumer demand for diamonds through this channel.
Neil Ventura (Neil Ventura), executive vice president of auction Division De Beers Group, said: "We have a limited number of diamonds of a wide range, so the commercial sense for us to experience the auction on our existing platform."
"We are interested in, to check the level of demand from buyers for diamonds that have a clear and attractive source of origin, and which provide a guarantee of product integrity, as evidenced by the double certification. In addition, the successful auction and will generate an additional target price in US dollars per carat. In addition, it will complement ongoing contact and commodity auctions allow buyers to fill gaps in supply and commodity stocks, unless they are able to secure supply to our markets and forward auctions on realization of rough diamonds, "- he added.
De Beers occasionally uses outside contractors for cutting and polishing part of its diamonds, in order to better understand the extent to which they meet the requirements of customers after their cut.
All registered buyers of the auction De Beers units will be eligible to participate in the bidding at the auction, which will take place on June 29, 2017.