The representative of the Botswana government, the world's second producer of diamonds by volume after Russia, said that there is a need for promotion of natural diamonds, as opposed to synthetic.
Head of the Department of Mineral Resources of Botswana Nchidzi Mmolava (Nchidzi Mmolawa) told a mining conference last week that natural diamonds are real, and they do not occur in the laboratory.
"We would like to position the natural diamonds as something unique," - said Mmolava.
He added that synthetic diamonds would remain "cheap" product, and people will be looking for natural stones as something valuable.
At the same time, continues to Mmolava, the Ministry of Mineral Resources and De Beers have considered the situation in Botswana diamond cutting segment and concluded that the diamond beneficiation in this country will not be possible.
He noted that such a conclusion for him "amazing".
Mmolava said that Botswana has qualified cutters, but the problem is the reduced number of working hours.
"In Botswana, we are working fewer hours than other world diamond cutting centers. This is because we have our own holidays, and most of the employees in this segment come from India, Israel and so on, and they have their own festivals in countries where they came from this way, people work an average of 220 days a year (of the potential 240 days a year), and it is a significant difference ", -. Mmolava continued.
He also said that to improve productivity cutting and polishing workshops must enter a 24-hour work schedule, as is done in the mines.
"We agreed on the fact that most of these shops for diamond cutting, if not all, will try to increase the number of working hours for their employees, as soon as the markets will experience an improvement," - said Mmolava.
In Botswana, the remaining 20 companies operating diamond cutting, which in 2015 processed diamonds, worth about $ 502 million, compared with approximately $ 1 billion in 2014, due to a number of negative factors currently observed in the diamond industry.
http://bridalpearlnecklace.blogspot.ca/
pearl necklace and pearl jewelry is the most demanded piece of personal adornment throughout the history, its tradition goes back in time for thousand year and still the remains today the most demanded piece of jewelry.
Pearl Necklace
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Friday, July 14, 2017
Empowering women in the jewelry and diamond business, as well as in the sector of precious stones in Latin America have become topics of discussion at a special seminar organized in the framework of the second Latin American diamond and jewelry weeks (Latin American Diamond and Jewelry Week) at the World Jewelry Center (World Jewelry Hub, WJH) in Panama City.
The round table was attended by about 50 women, representing Bolivia, Brazil, Colombia, Costa Rica, Ecuador, Peru, Venezuela, Turkey, Romania, Italy and Panama. All of them are the owners of well-known brands in their respective countries.
As a moderator at the seminar were two representatives WJH guide Ali Pastorini (Ali Pastorini), senior vice president WJH and under its roof Exchange trading diamonds and precious stones - World of jewelery and Diamond Center (World Jewelry and Diamond Hub), and and Dzhudi Meana (Judy Meana), vice-president of the stock exchange.
The meeting discussed a wide range of topics, all of which were devoted to enhancing the role and influence of women in the various sectors related to the industries of jewelery and precious stones in Latin America. It was decided that for the good of future generations, multilateral cooperation will be important, and that more meetings of this kind will be held in the future, to monitor progress, plan strategy and discuss specific programs. In a broader aspect of the seminar participants discussed the provision of integrity and transparency in business.
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The round table was attended by about 50 women, representing Bolivia, Brazil, Colombia, Costa Rica, Ecuador, Peru, Venezuela, Turkey, Romania, Italy and Panama. All of them are the owners of well-known brands in their respective countries.
As a moderator at the seminar were two representatives WJH guide Ali Pastorini (Ali Pastorini), senior vice president WJH and under its roof Exchange trading diamonds and precious stones - World of jewelery and Diamond Center (World Jewelry and Diamond Hub), and and Dzhudi Meana (Judy Meana), vice-president of the stock exchange.
The meeting discussed a wide range of topics, all of which were devoted to enhancing the role and influence of women in the various sectors related to the industries of jewelery and precious stones in Latin America. It was decided that for the good of future generations, multilateral cooperation will be important, and that more meetings of this kind will be held in the future, to monitor progress, plan strategy and discuss specific programs. In a broader aspect of the seminar participants discussed the provision of integrity and transparency in business.
http://pearlsgift.blogspot.ca/
Kimberley Diamonds has completed the procedure for obtaining approximately $ 4 million from the issue of 40.25 million ordinary shares worth $ 0.10 each.
Chinese auction house, Zhejiang Huitong Auction, which has previously issued the diamond company a loan of $ 13 million, received nearly 7 million ordinary shares at a total cost of $ 704 120.
The transfer of shares of Zhejiang has become part of the payment of interest on the loan.
Placing rights was completed June 24, 2016, with 100% of missing shares were distributed among experienced professional investors, which helped to gain $ 3.57 million.
Now Kimberley Diamonds debt in favor of Zhejiang is approximately $ 11.3 million, the company said.
The first sale of diamonds from the mine Lera (Lerala) in Botswana will be conducted through an online auction in Antwerp June 28.
In May, the company has commissioned the processing plant at this mine.
It is expected that at Lera will produce an average of 357,000 carats per year.
http://traditionpearlnecklace.blogspot.ca/
It is reported that the Zimbabwean diamond state company Zimbabwe Consolidated Diamond Company (ZCDC) Adlecraft Mining has hired as a contractor for diamond mining in Marange region (Marange), because it does not have the capacity and resources to carry out such activities.
Zimbabwe Independent edition leads to an unnamed source said, who noted that ZCDC pays the owed amount for Adlecraft diamond services, rather than cash.
"The government of Zimbabwe has hastened plans to disperse all the old diamond companies (with their concessions), but the creation of ZCDC has not brought the desired results Against this background, it was decided to hire Adlecraft.", - says the source.
"In February, the two companies reached an agreement, and Adlecraft start diamond mining instead ZCDC They get paid in diamonds, not cash." - he continues.
Reportedly, the Minister of Mines Chidakva Walter (Walter Chidhakwa) noted that opposition Marange diamond companies to associate with ZCDC caused the lack of capacity of production.
At the same time, the minister could not comment on the reported deal with Adlecraft.
"I do not know anything about this company (Adlecraft), but some companies often hire other companies for the extraction and processing of rock on the contractor's facilities," - continues Chidakva.
"ZCDC become fully state-owned company, because we decided that we would not work with the companies who refuse to unite, and whose licenses have expired. Now, taking into account the expiration of their extraction permits and due to start self-employment ZCDC we can not quickly acquire equipment worth hundreds of millions of dollars "- adds the minister.
In March ZCDC produced 513 000 carats of diamonds valued at approximately $ 21.5 million.
http://pearlgiftjewelry.blogspot.ca/
Zimbabwe Independent edition leads to an unnamed source said, who noted that ZCDC pays the owed amount for Adlecraft diamond services, rather than cash.
"The government of Zimbabwe has hastened plans to disperse all the old diamond companies (with their concessions), but the creation of ZCDC has not brought the desired results Against this background, it was decided to hire Adlecraft.", - says the source.
"In February, the two companies reached an agreement, and Adlecraft start diamond mining instead ZCDC They get paid in diamonds, not cash." - he continues.
Reportedly, the Minister of Mines Chidakva Walter (Walter Chidhakwa) noted that opposition Marange diamond companies to associate with ZCDC caused the lack of capacity of production.
At the same time, the minister could not comment on the reported deal with Adlecraft.
"I do not know anything about this company (Adlecraft), but some companies often hire other companies for the extraction and processing of rock on the contractor's facilities," - continues Chidakva.
"ZCDC become fully state-owned company, because we decided that we would not work with the companies who refuse to unite, and whose licenses have expired. Now, taking into account the expiration of their extraction permits and due to start self-employment ZCDC we can not quickly acquire equipment worth hundreds of millions of dollars "- adds the minister.
In March ZCDC produced 513 000 carats of diamonds valued at approximately $ 21.5 million.
http://pearlgiftjewelry.blogspot.ca/
Corporation Stornoway Diamond Corporation announced the completion of pre-operational checks on the enrichment plant Renard Diamond Project (Renard), including plant commissioning.
All the main equipment of the plant and control systems have been installed and tested, and it was officially handed over to the building management Stornoway operating personnel.
The commissioning process is expected to take a few weeks, and will include actuation crushers, shakers, conveyors, pumps, heat exchangers, and control systems diamonds treating Kimberlite.
"The official plant commissioning ... took about eight weeks before the date provided our updated construction schedule, which had already been reduced to five months in comparison with the work plan adopted in July 2014", - said the president and CEO of Stornoway Matt Manson (Matt Manson).
Renard Diamond Project is located 350 kilometers north of Chibougamau in the James Bay region in Quebec.
http://royalpearljewelry.blogspot.ca/
Exit the UK from the European Union will not have a negative impact on the sustainable demand for diamonds. The EU is not the dominant center of the diamond consumption for many years. While the decrease in demand due to depreciation rates and quotes in stock markets will lead to a reduction in commercial demand from the EU and the UK, the global investment demand for high-quality diamonds as a store of value will increase due to the global economic and political uncertainty.
Demand for diamonds from China and India are unlikely to fall due to the exit of Great Britain from the EU, while remaining stable at current low levels.
US is an important market will stay healthy and keep growing. We do not expect any significant negative impact on the US diamond market in the medium and long term. While demand could win due to the fact that a stronger dollar will have greater purchasing power, short-term decline in stock prices and a reduction in the volume of wealth can lead to a decrease in demand in the quiet summer months. Overall, we expect a positive holiday season in the United States in December of this year.
Exit the UK from the EU to increase pressure on the part of banks in the diamond industry. Liquidity will continue to decline. Although the UK out of the EU, is not expected to reduce the overall demand for diamonds in large part, it will indirectly affect the liquidity of the trade, causing price fluctuations. It is important that producers of rough support price levels that ensure the profitability and liquidity in the manufacturing sector in these uncertain times. In addition, raw material producers should increase their marketing spending to ensure overall demand for diamond engagement rings from consumers of the two thousandth generation in the United States.
http://bridalpearlnecklace.blogspot.ca/
Demand for diamonds from China and India are unlikely to fall due to the exit of Great Britain from the EU, while remaining stable at current low levels.
US is an important market will stay healthy and keep growing. We do not expect any significant negative impact on the US diamond market in the medium and long term. While demand could win due to the fact that a stronger dollar will have greater purchasing power, short-term decline in stock prices and a reduction in the volume of wealth can lead to a decrease in demand in the quiet summer months. Overall, we expect a positive holiday season in the United States in December of this year.
Exit the UK from the EU to increase pressure on the part of banks in the diamond industry. Liquidity will continue to decline. Although the UK out of the EU, is not expected to reduce the overall demand for diamonds in large part, it will indirectly affect the liquidity of the trade, causing price fluctuations. It is important that producers of rough support price levels that ensure the profitability and liquidity in the manufacturing sector in these uncertain times. In addition, raw material producers should increase their marketing spending to ensure overall demand for diamond engagement rings from consumers of the two thousandth generation in the United States.
http://bridalpearlnecklace.blogspot.ca/
Probably UK withdrawal from the European Union on the results of the referendum last week, a negative impact on exports of gems and jewelery from India due to the depreciation of the pound against a basket of major world currencies, including the Indian rupee, noted in Smartinvestors.
Meanwhile, India annually exports less than 10% of its jewelery in the UK, the total volume of Indian exports of such products reached about $ 40 billion. British Pound Reduction can reduce the purchasing power of the United Kingdom of citizens, which is why the consumption of precious stones and jewelry can significantly down, harming the Indian export performance.
However, in the long term diamond import India may fall. Cheaper rupee, which may occur on the background of the UK release of the EU, leading to a rise in price of imports of rough diamonds, whose prices are denominated in dollars.
Representatives of the British central bank said that the regulator will take all necessary steps to ensure monetary and financial stability after the decision to withdraw from the EU.
http://pearlsgift.blogspot.ca/
Meanwhile, India annually exports less than 10% of its jewelery in the UK, the total volume of Indian exports of such products reached about $ 40 billion. British Pound Reduction can reduce the purchasing power of the United Kingdom of citizens, which is why the consumption of precious stones and jewelry can significantly down, harming the Indian export performance.
However, in the long term diamond import India may fall. Cheaper rupee, which may occur on the background of the UK release of the EU, leading to a rise in price of imports of rough diamonds, whose prices are denominated in dollars.
Representatives of the British central bank said that the regulator will take all necessary steps to ensure monetary and financial stability after the decision to withdraw from the EU.
http://pearlsgift.blogspot.ca/
The report quoted the publication of The Diamond Loupe, AWDC (Antwerp World Diamond Centre, AWDC) reported that in mid-June, members of the diamond industry in Antwerp elected new members of the AWDC board of directors representing the industry, and that yesterday, June 27, at the first meeting of the new Board of Directors AWDC Stephane Fischler (Stéphane Fischler) has been re-elected as president of the AWDC. The Board of Directors also appointed Nishita Parikh (Nishit Parikh) as Vice-President representing the industry. A total of four new board members were elected, while two former members were re-elected. In addition to Samir Mehta (Samir Mehta) and Jacques Weitz (Jacques Weisz) were selected Vimal Lakhani (Vimal Lakhani), Nishita Parikh (Nishit Parikh), Amratlal Chetankumar Shah (Amratlal Chetankumar Shah) and Rajiv Kothari (Rajiv Kothari). Four newly elected board member to replace the retired members of the Board Kaushik Mehta (Kaushik Mehta), Ramesh Patel (Ramesh Patel), Santosh Kumar Agarwal (Santosh Kumar Agarwal) and Shailesh Javier (Shailesh Javeri).
AWDC CEO Ari Epstein (Ari Epstein) in this regard, said: "I sincerely congratulate Mr Fischler and Mr Parikh on their election as president and vice-AWDC AWDC President. In recent years, their work was of great importance to our board of directors. As CEO of our organization, I look forward to continue the excellent cooperation with Mr. Fischler and Mr Parikh in our board of directors. "
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AWDC CEO Ari Epstein (Ari Epstein) in this regard, said: "I sincerely congratulate Mr Fischler and Mr Parikh on their election as president and vice-AWDC AWDC President. In recent years, their work was of great importance to our board of directors. As CEO of our organization, I look forward to continue the excellent cooperation with Mr. Fischler and Mr Parikh in our board of directors. "
http://traditionpearlnecklace.blogspot.ca/
Anglo American Corporation announced that, as expected, it owned 85 percent of De Beers has registered lower income from the fifth this year diamond sales cycle.
De Beers Group's revenue from diamond sales decreased c $ 636 million received during the fourth cycle of sales, to $ 560 million.
However, the results of the fifth of the sales cycle are preliminary in nature and in the next month may be adjusted upward or downward.
"Sales in the fifth cycle of the year was slightly lower than in the fourth cycle, which corresponds to our expectations and the typical seasonal fluctuations in demand, - said the outgoing CEO of De Beers Philippe Mellier (Philippe Mellier). - The demand for rough and polished prices remained stable, reflecting strong consumer demand, but we maintain a cautious outlook. "
http://pearlgiftjewelry.blogspot.ca/
De Beers Group's revenue from diamond sales decreased c $ 636 million received during the fourth cycle of sales, to $ 560 million.
However, the results of the fifth of the sales cycle are preliminary in nature and in the next month may be adjusted upward or downward.
"Sales in the fifth cycle of the year was slightly lower than in the fourth cycle, which corresponds to our expectations and the typical seasonal fluctuations in demand, - said the outgoing CEO of De Beers Philippe Mellier (Philippe Mellier). - The demand for rough and polished prices remained stable, reflecting strong consumer demand, but we maintain a cautious outlook. "
http://pearlgiftjewelry.blogspot.ca/
Auction house Christie's announced that he recently sold several items that belonged to Joan Rivers (Joan Rivers), for $ 2.2 million, according to a report in The Observer, which leads IDEX Online reported.
The main lot at the auction was the gold jeweler Faberge frame of the 19th century with jade, which was sold for $ 245,000, considerably more than $ 60,000, which were supposed to get for it originally.
In trading on the internet auction also included some of the jewelry, costumes and bags Rivers. Among them were notable lots Victorian enameled brooch, necklace Iradj Moini and jewelry from Harry Winston.
The percentage of the profits from sales will be donated to the Association of Guide Dogs for the Blind Fund and God's Love We Deliver, but the auction house would not disclose the exact amount of donations.
Joan Rivers was a talk show host and owner of the "Emmy" award. She died in 2014.
http://royalpearljewelry.blogspot.ca/
The main lot at the auction was the gold jeweler Faberge frame of the 19th century with jade, which was sold for $ 245,000, considerably more than $ 60,000, which were supposed to get for it originally.
In trading on the internet auction also included some of the jewelry, costumes and bags Rivers. Among them were notable lots Victorian enameled brooch, necklace Iradj Moini and jewelry from Harry Winston.
The percentage of the profits from sales will be donated to the Association of Guide Dogs for the Blind Fund and God's Love We Deliver, but the auction house would not disclose the exact amount of donations.
Joan Rivers was a talk show host and owner of the "Emmy" award. She died in 2014.
http://royalpearljewelry.blogspot.ca/
An expert on colored diamonds Iden Rahminov (Eden Rachminov) intends to release for the second book entitled "Fancy colored diamonds, pricing architecture" (Fancy Colored Diamonds, The Pricing Architecture). The book is designed to change the industry, colored diamonds, was created specifically for retailers in this segment.
This book is dedicated not so much by the price, how much is a quick reference guide providing guidelines for pricing of colored diamonds. The book has an extensive methodology appropriate for the whole chain of the diamond supply. It is designed to be a working tool and easy-to-read reference book.
Rahmin applied a "layered" system for determining the commercial attributes fancy stone in detail, and each of these layers separate chapter of the book. In addition to this, in the appendix to the book presents more than 10,000 premium rates and tables that can provide retailers explanations regarding differences in prices of two different colored diamonds with similar reports of GIA.
Rahmin believes that a number of attributes that are not in one and pronounced in other gemological reports are of particular importance for the assessment of the stone. Most retailers and their customers are using the system of "4C" to describe the fancy colored diamonds and are not aware of the professional slang that goes far beyond the fundamental factors.
"When writing a second book, my goal was to help the whole industry -. From mining companies to retailers and wholesalers, as well as for end users it provides information on the important but largely unknown attributes of fancy colored diamonds - says Rahmin -. I suppose that on May, the book will help the industry by combining, improvement and development of the sector. In short, I would like to provide guidance for the next generation of retailers on this unique and niche market. "
http://bridalpearlnecklace.blogspot.ca/
This book is dedicated not so much by the price, how much is a quick reference guide providing guidelines for pricing of colored diamonds. The book has an extensive methodology appropriate for the whole chain of the diamond supply. It is designed to be a working tool and easy-to-read reference book.
Rahmin applied a "layered" system for determining the commercial attributes fancy stone in detail, and each of these layers separate chapter of the book. In addition to this, in the appendix to the book presents more than 10,000 premium rates and tables that can provide retailers explanations regarding differences in prices of two different colored diamonds with similar reports of GIA.
Rahmin believes that a number of attributes that are not in one and pronounced in other gemological reports are of particular importance for the assessment of the stone. Most retailers and their customers are using the system of "4C" to describe the fancy colored diamonds and are not aware of the professional slang that goes far beyond the fundamental factors.
"When writing a second book, my goal was to help the whole industry -. From mining companies to retailers and wholesalers, as well as for end users it provides information on the important but largely unknown attributes of fancy colored diamonds - says Rahmin -. I suppose that on May, the book will help the industry by combining, improvement and development of the sector. In short, I would like to provide guidance for the next generation of retailers on this unique and niche market. "
http://bridalpearlnecklace.blogspot.ca/
De Beers exploration team gathered over 100 samples for processing to search kimberlite kimberlite indicator mineral project on Western Athabasca (West Athabasca), a press release CanAlaska Uranium Ltd., which has a right to an area of about 1.2 million acres in the Canadian Athabasca basin river.
CanAlaska and De Beers are on the project Western Athabasca search of diamonds in a phased program worth $ 20.4 million on the optional-partnership agreement. The project area covers 75 potential kimberlite identified by CanAlaska in northwestern Athabasca Basin in Saskatchewan. De Beers can get a share in the result of a series of deeper exploration programs, according to a press release.
100 samples of glacial gravels will be processed in the De Beers laboratories, and the second phase of the study will begin in the next few weeks for a detailed magnetic mapping of selected goals, as well as any other significant features of the territory.
"I am very pleased with the significant attention that De Beers pays our project. Initial sampling has been completed, and selected for the purpose of exploration inspected. Rapid deployment of specialized aircraft and attention to detail are very encouraging in this program. I look forward to the program's results and the next steps in the process of exploration, "- said President Peter Dasler CanAlaska (Peter Dasler).
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CanAlaska and De Beers are on the project Western Athabasca search of diamonds in a phased program worth $ 20.4 million on the optional-partnership agreement. The project area covers 75 potential kimberlite identified by CanAlaska in northwestern Athabasca Basin in Saskatchewan. De Beers can get a share in the result of a series of deeper exploration programs, according to a press release.
100 samples of glacial gravels will be processed in the De Beers laboratories, and the second phase of the study will begin in the next few weeks for a detailed magnetic mapping of selected goals, as well as any other significant features of the territory.
"I am very pleased with the significant attention that De Beers pays our project. Initial sampling has been completed, and selected for the purpose of exploration inspected. Rapid deployment of specialized aircraft and attention to detail are very encouraging in this program. I look forward to the program's results and the next steps in the process of exploration, "- said President Peter Dasler CanAlaska (Peter Dasler).
http://pearlsgift.blogspot.ca/
Lucapa Diamond start the drilling program to determine the main kimberlite sources of large and high-quality alluvial diamonds mined at the Lulo diamond project (Lulo) in Angola.
In a statement the company said that the drilling program will be initiated primarily at high-priority kimberlite purposes. Drilling has been initiated on L259 portion where gravity and geomagnetic studies have helped identify the ore body length of 78 - 108 hectares that corresponds closest to the manifestation of kimberlite pipe surface.
Among other nearby kimberlites, which will soon be bored by - L13, L15, E217 and L248.
"These kimberlites are located near the mountain blocks 6 and 8, which are constantly found large and valuable special diamonds," - said in Lucapa.
It is expected that the drilling program will continue throughout 2016.
However, Lucapa managed to implement a batch of 808 carats from the Lulo for $ 880,720 at an average price of $ 1090 per carat.
http://traditionpearlnecklace.blogspot.ca/
In a statement the company said that the drilling program will be initiated primarily at high-priority kimberlite purposes. Drilling has been initiated on L259 portion where gravity and geomagnetic studies have helped identify the ore body length of 78 - 108 hectares that corresponds closest to the manifestation of kimberlite pipe surface.
Among other nearby kimberlites, which will soon be bored by - L13, L15, E217 and L248.
"These kimberlites are located near the mountain blocks 6 and 8, which are constantly found large and valuable special diamonds," - said in Lucapa.
It is expected that the drilling program will continue throughout 2016.
However, Lucapa managed to implement a batch of 808 carats from the Lulo for $ 880,720 at an average price of $ 1090 per carat.
http://traditionpearlnecklace.blogspot.ca/
Produced by Lucara Diamond diamond weighing carats 1109, which is the second largest diamond in the world after diamond "Cullinan" 3 weighing 016.75 carats mined in South Africa in 1905, will be sold today on public auction in London. Diamond valued at $ 70 million.
However, it should bring more than this amount, as the diamond of the company's weighing 813 carats was sold in May for $ 63 million.
http://pearlgiftjewelry.blogspot.ca/
However, it should bring more than this amount, as the diamond of the company's weighing 813 carats was sold in May for $ 63 million.
http://pearlgiftjewelry.blogspot.ca/
Alrosa during the June trading session with long-term customers left prices and limit the selection of month contract intact, reported "Interfax" the representatives of the two counterparties miners.
"In terms of price Alrosa slightly corrects, doing fine-tuning - for some categories raises prices on some decreases. In principle, prices are kept at the previous month's level, "- said to" Interfax "the deputy director of the Smolensk" Crystal "sales and marketing Nikolay Afanasev. This information was confirmed by a representative of another long-term client ALROSA.
Selection limit remained unchanged at 70% (ie, clients can refuse to purchase no more than 30% of the monthly volume of his contract), said N.Afanasev. Last time limit was changed in January, when it was set at 50%.
Prices for rough diamonds ALROSA virtually unchanged during the first half of the year, while in April, customers pay attention to the correction of an average of 1%, mainly on major raw materials - diamonds 5.10 carats.
For 5 months of this year, "price fluctuations" amounted to about 2% due to the rebalancing of prices in the index, said the president of ALROSA Andrey Zharkov, explaining: "2% of the price would go down, and then a little trim."
ALROSA, according to a statement A.Zharkova, expects prices for its products will be stable throughout the 2nd half of the year. The budget of ALROSA for 2016 suggests the possibility of reducing the cost of the rough diamond.
"If the product is sold, and it has a buyer, why cut prices. No rush, but too pessimistic. The market is quite a neutral set. There is also demand, within reasonable limits. No one in the pool with his head does not jump, and this should not wait "- said one of the clients of ALROSA.
Trading session (raw viewing and entering into binding contracts) ALROSA held June 14-17. For sale was billed raw ALROSA, "ALROSA-Nyurba" and "Severalmaz" (the latter is usually different for the worse quality). Raw placer "daughters" "Diamonds of Anabar" and "Lower Lena," last year's stocks of which were implemented in February-April, will again be offered to clients in September. The company does not comment on details of their trading sessions.
Jewelery Exhibition JCK Las Vegas 2016 (held June 3-6) "was held in line with expectations," said N.Afanasev. The diamond sector most in demand 1 carat stones. "On the large and expensive stones 3 carats, the demand is not so strong, these stones are under pressure. On carat diamonds, medium and small commodity demand normal ", - deputy head of the" Crystal "said.
The demand for different categories of diamonds only indirectly affect the pricing of diamond mining companies, he said, Alrosa and De Beers primarily oriented to the cut material they sell. "
Prices on the site June De Beers has also been stable, the agency said Rapaport. De Beers sold boxes with 4-6% premium (mid-single-digit premiums) , reflecting concerns that the rough diamonds market does not reflect weakening demand for diamonds.
The volume of De Beers in June the site was $ 560 million, the company said on Tuesday, and only 6 months of this year, sales of De Beers were about $ 3 billion. The data on monetary evaluation of sales ALROSA stopped coming since May of this year, due to the tightening of access to information on the eve of potential SPO. For 4 months of this year, according to market sources estimates, ALROSA sold diamonds worth at least $ 1.5 billion.
http://royalpearljewelry.blogspot.ca/
"In terms of price Alrosa slightly corrects, doing fine-tuning - for some categories raises prices on some decreases. In principle, prices are kept at the previous month's level, "- said to" Interfax "the deputy director of the Smolensk" Crystal "sales and marketing Nikolay Afanasev. This information was confirmed by a representative of another long-term client ALROSA.
Selection limit remained unchanged at 70% (ie, clients can refuse to purchase no more than 30% of the monthly volume of his contract), said N.Afanasev. Last time limit was changed in January, when it was set at 50%.
Prices for rough diamonds ALROSA virtually unchanged during the first half of the year, while in April, customers pay attention to the correction of an average of 1%, mainly on major raw materials - diamonds 5.10 carats.
For 5 months of this year, "price fluctuations" amounted to about 2% due to the rebalancing of prices in the index, said the president of ALROSA Andrey Zharkov, explaining: "2% of the price would go down, and then a little trim."
ALROSA, according to a statement A.Zharkova, expects prices for its products will be stable throughout the 2nd half of the year. The budget of ALROSA for 2016 suggests the possibility of reducing the cost of the rough diamond.
"If the product is sold, and it has a buyer, why cut prices. No rush, but too pessimistic. The market is quite a neutral set. There is also demand, within reasonable limits. No one in the pool with his head does not jump, and this should not wait "- said one of the clients of ALROSA.
Trading session (raw viewing and entering into binding contracts) ALROSA held June 14-17. For sale was billed raw ALROSA, "ALROSA-Nyurba" and "Severalmaz" (the latter is usually different for the worse quality). Raw placer "daughters" "Diamonds of Anabar" and "Lower Lena," last year's stocks of which were implemented in February-April, will again be offered to clients in September. The company does not comment on details of their trading sessions.
Jewelery Exhibition JCK Las Vegas 2016 (held June 3-6) "was held in line with expectations," said N.Afanasev. The diamond sector most in demand 1 carat stones. "On the large and expensive stones 3 carats, the demand is not so strong, these stones are under pressure. On carat diamonds, medium and small commodity demand normal ", - deputy head of the" Crystal "said.
The demand for different categories of diamonds only indirectly affect the pricing of diamond mining companies, he said, Alrosa and De Beers primarily oriented to the cut material they sell. "
Prices on the site June De Beers has also been stable, the agency said Rapaport. De Beers sold boxes with 4-6% premium (mid-single-digit premiums) , reflecting concerns that the rough diamonds market does not reflect weakening demand for diamonds.
The volume of De Beers in June the site was $ 560 million, the company said on Tuesday, and only 6 months of this year, sales of De Beers were about $ 3 billion. The data on monetary evaluation of sales ALROSA stopped coming since May of this year, due to the tightening of access to information on the eve of potential SPO. For 4 months of this year, according to market sources estimates, ALROSA sold diamonds worth at least $ 1.5 billion.
http://royalpearljewelry.blogspot.ca/
Amazon.com Inc. It starts selling series of jewelry with diamonds grown in a lab from a jewelry company House of Eléonore.
The collection "Paradise" by House of Eléonore was launched on Amazon earlier this month, and currently has 29 products with lab-grown diamonds blue, pink, yellow or orange flowers in a frame of 18-carat gold.
On jewelry prices are $ 550 - $ 9990.
Dutch entrepreneur Bernd Damme (Bernd Damme), partially owns House of Eléonore, he noted that the natural colored diamonds are rare and expensive, but reared in the laboratory on a stone platform, like Amazon, do these stones are available to the public at lower prices.
In addition to the line of synthetic diamonds "Paradise", Amazon sells jewelry and natural diamonds from the House of Eléonore.
Royal Asscher experimented with colored synthetic diamonds and jewelry earlier. So, in 2013 the company introduced a line of jewelry "Rebel Chique", which was exhibited for sale only on the online platform.
House of Eléonore is a subsidiary of Royal Asscher, and among its major shareholders - Bernd Damme and others.
http://bridalpearlnecklace.blogspot.ca/
The collection "Paradise" by House of Eléonore was launched on Amazon earlier this month, and currently has 29 products with lab-grown diamonds blue, pink, yellow or orange flowers in a frame of 18-carat gold.
On jewelry prices are $ 550 - $ 9990.
Dutch entrepreneur Bernd Damme (Bernd Damme), partially owns House of Eléonore, he noted that the natural colored diamonds are rare and expensive, but reared in the laboratory on a stone platform, like Amazon, do these stones are available to the public at lower prices.
In addition to the line of synthetic diamonds "Paradise", Amazon sells jewelry and natural diamonds from the House of Eléonore.
Royal Asscher experimented with colored synthetic diamonds and jewelry earlier. So, in 2013 the company introduced a line of jewelry "Rebel Chique", which was exhibited for sale only on the online platform.
House of Eléonore is a subsidiary of Royal Asscher, and among its major shareholders - Bernd Damme and others.
http://bridalpearlnecklace.blogspot.ca/
Dubai Commodities Center (Dubai Multi-Commodities Centre, DMCC ) has signed a memorandum of understanding with the parent company of Jafza free trade zone in the United Arab Emirates. This was reported in the press release DMCC.
The memorandum aims to improve the terms of trade to find new opportunities for cooperation between the leading free trade zones in Dubai. The contract will allow the members of both platforms to share best business practices, and access to the latest technology through trading platforms such as, for example, DMCC Tradeflow. Signing ceremony was held at the head office of Jafza, and was attended by representatives of the two free trade zones.
Jafza member companies will benefit from a number of products available through DMCC Tradeflow, only in the region of the central electronic registration of ownership of a commodity system, as well as services to enhance value added, for example, the mechanism of Murabaha trade finance flows and certified storage DMCC.
Commenting on the prospects of a new strategic partnership, CEO of DMCC, Ahmed Bin Sulayem (Ahmed Bin Sulayem) said: "The cooperation with Jafza has become a new logical step to the possibilities of cooperation DMCC and other free trade zones, through which market participants can access the technology and infrastructure needed for efficient trading. in addition, it allows us to understand how we should develop our strategic partnership in the future for the implementation of the economic growth of Dubai. "
Ibrahim Mohammed Al Janahi (Ibrahim Mohammed Aljanahi), Deputy Director General of Jafza, said: "Platform DMCC Tradeflow trust registered in her company because of its transparency and information security."
With the new contract Jafza will be able to promote the platform among its free trade zone companies during the seminars, conferences and forums organized for all sectors. DMCC will be engaged in learning Jafza representatives of their system and the evaluation of stocks in storage. In addition, Zafza become a member of the inspection program and the ratings repositories DMCC commodities.
http://pearlsgift.blogspot.ca/
The memorandum aims to improve the terms of trade to find new opportunities for cooperation between the leading free trade zones in Dubai. The contract will allow the members of both platforms to share best business practices, and access to the latest technology through trading platforms such as, for example, DMCC Tradeflow. Signing ceremony was held at the head office of Jafza, and was attended by representatives of the two free trade zones.
Jafza member companies will benefit from a number of products available through DMCC Tradeflow, only in the region of the central electronic registration of ownership of a commodity system, as well as services to enhance value added, for example, the mechanism of Murabaha trade finance flows and certified storage DMCC.
Commenting on the prospects of a new strategic partnership, CEO of DMCC, Ahmed Bin Sulayem (Ahmed Bin Sulayem) said: "The cooperation with Jafza has become a new logical step to the possibilities of cooperation DMCC and other free trade zones, through which market participants can access the technology and infrastructure needed for efficient trading. in addition, it allows us to understand how we should develop our strategic partnership in the future for the implementation of the economic growth of Dubai. "
Ibrahim Mohammed Al Janahi (Ibrahim Mohammed Aljanahi), Deputy Director General of Jafza, said: "Platform DMCC Tradeflow trust registered in her company because of its transparency and information security."
With the new contract Jafza will be able to promote the platform among its free trade zone companies during the seminars, conferences and forums organized for all sectors. DMCC will be engaged in learning Jafza representatives of their system and the evaluation of stocks in storage. In addition, Zafza become a member of the inspection program and the ratings repositories DMCC commodities.
http://pearlsgift.blogspot.ca/
Company Diamcor Mining Inc. It received $ 1.9 million from the sale of 13, 384.72 carats of diamonds from the site Krohn-Endora (Krone-Endora) Venice Project (, Venetia) in South Africa in the first fiscal quarter (June 30).
In the last quarter of the tender in June, the company sold a total of 5,563.59 carats of rough diamonds with a gross revenue of $ 954,346 at an average price of $ 171.53 per carat. In May, it sold 4789 carats of diamonds at an average price of $ 117.9 per carat, or a total of $ 564 639.
In April Diamcor sold 3 031.95 carats for $ 386,993, or an average of $ 127.64 per carat.
"Prices of carats of diamonds, which has been achieved in the framework of tenders in the reporting period, in line with expectations of the company and reflect the decline in prices for certain categories of diamonds in this period", - noted in Diamcor.
"The diamonds sold in the current period, were produced before May 29, 2016 Diamonds mined in the period from May 29 to June 30, 2016, will be placed in run-off for the first fiscal quarter to June 30, 2016." - added to the company.
All diamonds sold in the tender, were accidentally discovered during the commissioning and testing of the diamond project Krohn-Endor, concluded in Diamcor.
http://traditionpearlnecklace.blogspot.ca/
In the last quarter of the tender in June, the company sold a total of 5,563.59 carats of rough diamonds with a gross revenue of $ 954,346 at an average price of $ 171.53 per carat. In May, it sold 4789 carats of diamonds at an average price of $ 117.9 per carat, or a total of $ 564 639.
In April Diamcor sold 3 031.95 carats for $ 386,993, or an average of $ 127.64 per carat.
"Prices of carats of diamonds, which has been achieved in the framework of tenders in the reporting period, in line with expectations of the company and reflect the decline in prices for certain categories of diamonds in this period", - noted in Diamcor.
"The diamonds sold in the current period, were produced before May 29, 2016 Diamonds mined in the period from May 29 to June 30, 2016, will be placed in run-off for the first fiscal quarter to June 30, 2016." - added to the company.
All diamonds sold in the tender, were accidentally discovered during the commissioning and testing of the diamond project Krohn-Endor, concluded in Diamcor.
http://traditionpearlnecklace.blogspot.ca/
Joint Stock Company "ALROSA" (PJSC), the largest in the world in terms of diamond production, announces the approval of the Federation Council of the Federal law providing for the creation of departmental security "ALROSA" AK for the protection of the Company's production facilities.
Entitled to create their own departmental protection on the basis of approved by the Federation Council on Wednesday amendments to article 8 of the Federal Law ? 77-FZ "On Departmental Security" and article 29 of the Federal Law ? 41 "On Precious Metals and Precious Stones" "ALROSA" to " protection of objects of the diamond industry, owned by right of ownership of the company and its subsidiaries. "
The new edition of the Law provides for the extension in the "ALROSA", included in the list of strategic enterprises in accordance with the Decree of the President of the Russian Federation, the right to create security, by analogy with the federal executive bodies, as well as companies "Rosneft", "Transneft", SC Rostec, RAO "Rosatom" and RAO "Gazprom".
In the current edition of the Law of departmental security is a set of controls and capabilities designed to protect the protected objects from illegal encroachments, ensuring on protected objects crossing and intrabuilding modes, prevention and suppression of crimes and administrative offenses.
"Amendments to the Law on Departmental Security and turnover precious stones and precious metals will allow the Company to improve the safety of industrial facilities located in remote and inaccessible regions of our country, will solve the problems associated with the warehouse guard with explosive materials, as well as increase the guarantee of safety of the company's products in the course of its transportation and sale. All of this will enhance the effectiveness of "ALROSA", "- said vice-president of" ALROSA "Rinat Gizatulin.
Federation Council approved amendments were developed by the Ministry of Finance of the Russian Federation on the basis of consideration of the relevant treatment "ALROSA".
http://pearlgiftjewelry.blogspot.ca/
Last night, during the bidding at a public auction in London for the sale of diamonds weighing 1,109 carats mined at the mine cars (Karowe) in Botswana, has not reached the starting price, the company said Lucara Diamond, due to which she decided to leave at this historic a rock.
Diamond «Lesedi La Rona» ( «Our light" Tswana of Botswana), type IIa, which is considered the second largest in the world after diamond "Cullinan" 3 weighing 016.75 carats mined in South Africa in 1905 was estimated at $ 70 million.
http://royalpearljewelry.blogspot.ca/
Diamond «Lesedi La Rona» ( «Our light" Tswana of Botswana), type IIa, which is considered the second largest in the world after diamond "Cullinan" 3 weighing 016.75 carats mined in South Africa in 1905 was estimated at $ 70 million.
http://royalpearljewelry.blogspot.ca/
De Beers has opened its first retail store in Kuwait, adding it to the only other two stores in the Middle East in Dubai and Bahrain.
"The arrival of De Beers in the Kuwaiti market is an important milestone in the development of our brand and to our local customers, - said Fransua Delazh (François Delag), CEO of De Beers Diamond Jewellers. - It is a great honor - to present a refined, timeless beauty of our diamond jewelry in such a prestigious place, and we hope to inspire the discerning Kuwaiti women. "
Shop area of 145 square meters in the prestigious Avenues mall will complement the existing sales points of De Beers in London, New York, Paris, Beijing, Shanghai, Hong Kong and Tokyo.
http://bridalpearlnecklace.blogspot.ca/
"The arrival of De Beers in the Kuwaiti market is an important milestone in the development of our brand and to our local customers, - said Fransua Delazh (François Delag), CEO of De Beers Diamond Jewellers. - It is a great honor - to present a refined, timeless beauty of our diamond jewelry in such a prestigious place, and we hope to inspire the discerning Kuwaiti women. "
Shop area of 145 square meters in the prestigious Avenues mall will complement the existing sales points of De Beers in London, New York, Paris, Beijing, Shanghai, Hong Kong and Tokyo.
http://bridalpearlnecklace.blogspot.ca/
Marketing market research NPD Group released the results of a recent study in the framework of the project "Monitoring Diamond» (Diamond Tracker), which is allowed to collect data from the representatives of the US jewelry industry, total 3950 respondents.
The study contains data causing concern about how the situation with retail grown in the laboratory diamonds.
According to the findings, the percentage of the total artificial stone sales tripled from 0.1% in 2015 year to 0.3% in 2016 year. The results of the NPD Group research also shows that the most successful lab diamonds are sold at retail.
According to the analyst of the diamond industry Edana Golan (Edahn Golan), who advised the NPD Group in the process of project implementation, customer demand for artificially grown stones grow, customers buy diamonds of weight, which is the basis of the demand for natural stones. On average, demand is concentrated on diamonds weighing about one carat, but also noted the sale of larger stones. Interest in diamonds in two-three carats shows that the demand is not restricted to small budgets.
The average cost of laboratory stones in retail trade by about 40% compared with the cost of nature. In this case, the turnover of artificially grown diamonds faster than that extracted from the depths with the same characteristics that make them the best financial asset, says
Golan.
http://pearlsgift.blogspot.ca/
Effects of the British decision to leave the European Union (EU) may affect the timing of the privatization of Russia's Alrosa, said bank Sberbank CIB, which organizes the sale of shares.
Sale of 10.9 percent stake in diamond miner, scheduled for July, is expected to bring into the treasury of Russia $ 934 million (60 billion rubles).
"Theoretically, the UK out of the EU may affect the timing of privatization, if market conditions deteriorate - Sberbank said in a statement to Rapaport News. - Until now, there were no changes made in the plans for a deal with ALROSA in July. There is considerable demand from both Russian and foreign investors. "
The result of the referendum of the British withdrawal from the EU, known as Brexit, caused turmoil in European and world markets, and the global stock market has lost about 3.6 trillion dollars in market value since the decision, Bloomberg reported on Tuesday, June 28th.
FTSE 100 index fell 2.7% at the time of writing from that time on Thursday evening (23 June) there were first indications of the outcome of the referendum, according to Yahoo Finance. The pound fell to a 30-year low against the dollar, while the euro fell by about 3% against the US currency. Gold prices rose as demand for safe-haven assets has increased.
The Russian Economy Minister Aleksey Ulyukaev said last week he did not consider that the yield of the UK from the EU will affect the privatization program in Russia, Reuters reported with reference to Russian news agencies.
The Russian government also plans to sell part of its shares in "Rosneft" and "Bashneft" companies, as well as in VTB Bank.
http://traditionpearlnecklace.blogspot.ca/
Sale of 10.9 percent stake in diamond miner, scheduled for July, is expected to bring into the treasury of Russia $ 934 million (60 billion rubles).
"Theoretically, the UK out of the EU may affect the timing of privatization, if market conditions deteriorate - Sberbank said in a statement to Rapaport News. - Until now, there were no changes made in the plans for a deal with ALROSA in July. There is considerable demand from both Russian and foreign investors. "
The result of the referendum of the British withdrawal from the EU, known as Brexit, caused turmoil in European and world markets, and the global stock market has lost about 3.6 trillion dollars in market value since the decision, Bloomberg reported on Tuesday, June 28th.
FTSE 100 index fell 2.7% at the time of writing from that time on Thursday evening (23 June) there were first indications of the outcome of the referendum, according to Yahoo Finance. The pound fell to a 30-year low against the dollar, while the euro fell by about 3% against the US currency. Gold prices rose as demand for safe-haven assets has increased.
The Russian Economy Minister Aleksey Ulyukaev said last week he did not consider that the yield of the UK from the EU will affect the privatization program in Russia, Reuters reported with reference to Russian news agencies.
The Russian government also plans to sell part of its shares in "Rosneft" and "Bashneft" companies, as well as in VTB Bank.
http://traditionpearlnecklace.blogspot.ca/
Chair of the Kimberley Process (KP), Ahmed Bin Sulayem (Ahmed Bin Sulayem) recently visited Angola and South Africa, who are among the founders of the organization, to discuss the progress of diamond-producing countries to comply with the Code of CP.
Earlier, Bin Sulayem visited the Central African Republic (CAR). Diamond exports from one region of the country has recently been approved, and in the future can begin delivery of the stones has three areas of CAR, which soon is expected, will also meet the requirements of the KP.
"The meeting with Angolan President Jose Eduardo dos Santos (José Eduardo dos Santos) has given us the opportunity to learn first-hand about the ongoing development of the standards manual in the CAR, and the efforts required for the certification of diamonds," - said in a statement KP.
In addition, the possibility was discussed again take Venezuela in the CP at this meeting.
At the same time, Angola, the Central African Republic helped in the development of diamond deposits, said Bin Sulayem.
In South Africa, KP Chair met with the Minister of Mineral Resources Mosebenzi Joseph Rank (Mosebenzi Joseph Zwane). They talked about the achievements of the Central African Republic and the steps that have been made to ensure a stable future of the industry.
Rank said that South Africa, being the "cradle" of the KP, satisfied those progressive steps that Bin Sulayem has taken in Venezuela and the Central African Republic.
"We look forward to the leadership of the Working Group on Monitoring in 2017 and will continue to work together to promote the work that the CP has done since its creation", - he said.
http://pearlgiftjewelry.blogspot.ca/
Earlier, Bin Sulayem visited the Central African Republic (CAR). Diamond exports from one region of the country has recently been approved, and in the future can begin delivery of the stones has three areas of CAR, which soon is expected, will also meet the requirements of the KP.
"The meeting with Angolan President Jose Eduardo dos Santos (José Eduardo dos Santos) has given us the opportunity to learn first-hand about the ongoing development of the standards manual in the CAR, and the efforts required for the certification of diamonds," - said in a statement KP.
In addition, the possibility was discussed again take Venezuela in the CP at this meeting.
At the same time, Angola, the Central African Republic helped in the development of diamond deposits, said Bin Sulayem.
In South Africa, KP Chair met with the Minister of Mineral Resources Mosebenzi Joseph Rank (Mosebenzi Joseph Zwane). They talked about the achievements of the Central African Republic and the steps that have been made to ensure a stable future of the industry.
Rank said that South Africa, being the "cradle" of the KP, satisfied those progressive steps that Bin Sulayem has taken in Venezuela and the Central African Republic.
"We look forward to the leadership of the Working Group on Monitoring in 2017 and will continue to work together to promote the work that the CP has done since its creation", - he said.
http://pearlgiftjewelry.blogspot.ca/
De Beers Canada announced it has received authorization to flood the mine workings at its underground mine, Snap Lake (Snap Lake) in the Northwest Territories of Canada, IDEX Online reported with reference to Retuers.
When flooding mines De Beers would reduce water pumping costs and reduce the risk to the environment, in accordance with the long-term conservation of the mine plan.
Snap Lake mine has been closed due to the global diamond market conditions worsening, not bringing gains since the start of production in 2008. In 2015, the mine had produced 1.2 million carats of diamonds, it is expected to operate until 2028.
De Beers Canada is working on Victor (Victor) diamond mine in Ontario, which should close in 2018 unless its expansion project will be implemented. At the final stage is the construction of the mine Gacho Quay (Gahcho Kué), which is owned by De Beers jointly with Mountain Province Diamonds Inc., which owns 49% of the project.
"The decision is useful because really helps us to keep ... quite a significant amount of resources in the ground," - said the representative of De Beers Canada Tom Ormsby (Tom Ormsby).
http://royalpearljewelry.blogspot.ca/
When flooding mines De Beers would reduce water pumping costs and reduce the risk to the environment, in accordance with the long-term conservation of the mine plan.
Snap Lake mine has been closed due to the global diamond market conditions worsening, not bringing gains since the start of production in 2008. In 2015, the mine had produced 1.2 million carats of diamonds, it is expected to operate until 2028.
De Beers Canada is working on Victor (Victor) diamond mine in Ontario, which should close in 2018 unless its expansion project will be implemented. At the final stage is the construction of the mine Gacho Quay (Gahcho Kué), which is owned by De Beers jointly with Mountain Province Diamonds Inc., which owns 49% of the project.
"The decision is useful because really helps us to keep ... quite a significant amount of resources in the ground," - said the representative of De Beers Canada Tom Ormsby (Tom Ormsby).
http://royalpearljewelry.blogspot.ca/
Alrosa will Analytical Center, whose task will be targeting diamond prices and terms of market development, said [yesterday] reporters the president of the company Andrey Zharkov.
According to him, ALROSA has reflected on the establishment of such a center based on the situation in 2015, when he said the effects of the market participants made before the wrong outlook on demand for jewelry in China.
Manufacturers of diamonds and jewelry sellers expect double-digit growth in demand in China, "but, unfortunately, the situation was the reverse," said Alexander Zharkov. Excessive stocks midstream contributed to a drop in demand for diamonds and diamond miners turned lower sales and a 15 per cent fall in prices - in the absence of the crisis in the diamond market. "Our task in 2015 was the normalization of stocks, and the stabilization of prices", - said A.Zharkov.
"We are in the company, based on the events that we've seen in the last year, are busy creating a think tank whose task will not be easy to predict the prices and terms of market development, but also to target", - he said. "Our company is one of the major industry players, market maker, and it should not be simply to predict certain events in the market, but also to prejudge them," - said the president of ALROSA.
In the second half of 2016 ALROSA "does not expect a very serious volatility, volumes of consumption stabilized," said Alexander Zharkov.
http://bridalpearlnecklace.blogspot.ca/
According to him, ALROSA has reflected on the establishment of such a center based on the situation in 2015, when he said the effects of the market participants made before the wrong outlook on demand for jewelry in China.
Manufacturers of diamonds and jewelry sellers expect double-digit growth in demand in China, "but, unfortunately, the situation was the reverse," said Alexander Zharkov. Excessive stocks midstream contributed to a drop in demand for diamonds and diamond miners turned lower sales and a 15 per cent fall in prices - in the absence of the crisis in the diamond market. "Our task in 2015 was the normalization of stocks, and the stabilization of prices", - said A.Zharkov.
"We are in the company, based on the events that we've seen in the last year, are busy creating a think tank whose task will not be easy to predict the prices and terms of market development, but also to target", - he said. "Our company is one of the major industry players, market maker, and it should not be simply to predict certain events in the market, but also to prejudge them," - said the president of ALROSA.
In the second half of 2016 ALROSA "does not expect a very serious volatility, volumes of consumption stabilized," said Alexander Zharkov.
http://bridalpearlnecklace.blogspot.ca/
In May, gold imports into mainland China from Hong Kong amounted to 115 tons, which is 68% higher compared to the previous month and the highest level since December last year, the AOJ, citing data from the Department of Census and Statistics of Hong Kong.
In addition, a volume of gold imports by 63% compared with May of the previous year, when it amounted to 70.7 tons.
This year, the physical demand for gold fell due to high world gold spot prices, but in May, in some regions it has increased with a decrease in prices.
In late April, the price of gold on the spot market closer to $ 1,300 per ounce, and in May the price of the metal fell back by approximately $ 100 per ounce. This month, gold has risen in price again due to lower expectations of rising interest rates, and due to increased demand for the metal as a safe-haven asset due to the uncertainty in the global economy.
Last week in China for the first time in 2016 were marked by discounts of gold in relation to the global spot price of $ 1.00 - $ 1.50 per ounce, which shows a decline in physical demand for the metal.
http://pearlsgift.blogspot.ca/
In addition, a volume of gold imports by 63% compared with May of the previous year, when it amounted to 70.7 tons.
This year, the physical demand for gold fell due to high world gold spot prices, but in May, in some regions it has increased with a decrease in prices.
In late April, the price of gold on the spot market closer to $ 1,300 per ounce, and in May the price of the metal fell back by approximately $ 100 per ounce. This month, gold has risen in price again due to lower expectations of rising interest rates, and due to increased demand for the metal as a safe-haven asset due to the uncertainty in the global economy.
Last week in China for the first time in 2016 were marked by discounts of gold in relation to the global spot price of $ 1.00 - $ 1.50 per ounce, which shows a decline in physical demand for the metal.
http://pearlsgift.blogspot.ca/
Diamond traders in areas Varachha (Varachha) and Mahidharpura (Mahidharpura) in the Indian city of Surat was unanimously decided to create an association to deal with shady dealers and minimize the risk of default, reports Times of India.
Meeting in this connection was held in the diamond market Mahidharpura June 28. The participants decided to form an association and develop a plan for the diamond markets of both parts of the city. In particular, it was decided to stop the diamond trade after 7 pm
Suratskaya Diamond Association (Surat Diamond Association, SDA) for the past two years, he supported the idea of closing the diamond market after 7 pm, as traders, who worked long hours, often attracted shady businessmen.
Every night deposit boxes in the diamond markets are closed with closing stores. However, if traders get valuable merchandise late at night, they leave them in locked office boxes, which is extremely unreliable.
According to sources, the diamond traders are preparing to set up an association to solve the problems with the police and deal with cases of defaults.
http://traditionpearlnecklace.blogspot.ca/
Meeting in this connection was held in the diamond market Mahidharpura June 28. The participants decided to form an association and develop a plan for the diamond markets of both parts of the city. In particular, it was decided to stop the diamond trade after 7 pm
Suratskaya Diamond Association (Surat Diamond Association, SDA) for the past two years, he supported the idea of closing the diamond market after 7 pm, as traders, who worked long hours, often attracted shady businessmen.
Every night deposit boxes in the diamond markets are closed with closing stores. However, if traders get valuable merchandise late at night, they leave them in locked office boxes, which is extremely unreliable.
According to sources, the diamond traders are preparing to set up an association to solve the problems with the police and deal with cases of defaults.
http://traditionpearlnecklace.blogspot.ca/
Petra Diamonds reported op selling "exclusive" 121.26 carat colorless diamond mines Cullinan (Cullinan) in South Africa for $ 6.0 million, or $ 49,480 per carat.
The diamond was sold in June in the framework of the tender procedure in Johannesburg.
As reported by Petra, bought the diamond joint venture Nemesis International Company and Golden Yellow Diamonds, the two leading diamond manufacturer specializing in cutting large diamonds.
Cullinan mines known as a source of large diamonds often are mined stones weighing more than 10 carats.
At the mine during its existence of more than 800 diamonds have been mined weighing more than 100 carats, 140 diamonds weighing over 200 carats, and roughly a quarter of the world's diamonds weighing more than 400 carats.
http://pearlgiftjewelry.blogspot.ca/
The diamond was sold in June in the framework of the tender procedure in Johannesburg.
As reported by Petra, bought the diamond joint venture Nemesis International Company and Golden Yellow Diamonds, the two leading diamond manufacturer specializing in cutting large diamonds.
Cullinan mines known as a source of large diamonds often are mined stones weighing more than 10 carats.
At the mine during its existence of more than 800 diamonds have been mined weighing more than 100 carats, 140 diamonds weighing over 200 carats, and roughly a quarter of the world's diamonds weighing more than 400 carats.
http://pearlgiftjewelry.blogspot.ca/
Lucara Diamond will not rush with the decision regarding the 1109-carat diamond "Lesedi La Rona" after a public auction in London failed to reach the starting price for this stone.
It was expected that for a diamond of the type IIa, will be able to help out at least $ 70 million, but bidding stalled at $ 61 million. Thus, Lucara remains in possession of the diamond, which is the second largest in the world after diamond "Cullinan", weighing 3 016.75 carats.
BusinessDay reports that the company is reviewing opportunities to sell the diamond, which was produced in November last year at the mine cars (Karowe) in Botswana.
"We are not in a hurry with the final decision on the" Lesedi "Do not take any desperate measures only due to some failure of the auction.", - said CEO Uilyam Lemb (William Lamb).
As reported by Lucara, the failure to sell the diamond in London are not affected by the economic uncertainty related to the decision of the UK citizens in a referendum to leave the EU structure, or with the state of the world economy.
"I am worried that in just a few minutes after the end of the auction I was approached by a few people and said" We need to talk Lesedi "," They should probably take part in the auction, but it demonstrates the consumer interest. "- he added Lamb .
He also said that the size of the diamond does not allow for its analysis on the existing industrial equipment, which determines the optimal cut and polished appearance obtained.
"If you look at the course of trading, it becomes clear that the auction participants did become ki at the price of a diamond, which is derived from "Lesedi". We do not think that it is suitable choice for diamond like him ", - concluded the Lamb.
In May Lucara sold the 813-carat diamond" of Constellation "for $ 63 million.
http://royalpearljewelry.blogspot.ca/
It was expected that for a diamond of the type IIa, will be able to help out at least $ 70 million, but bidding stalled at $ 61 million. Thus, Lucara remains in possession of the diamond, which is the second largest in the world after diamond "Cullinan", weighing 3 016.75 carats.
BusinessDay reports that the company is reviewing opportunities to sell the diamond, which was produced in November last year at the mine cars (Karowe) in Botswana.
"We are not in a hurry with the final decision on the" Lesedi "Do not take any desperate measures only due to some failure of the auction.", - said CEO Uilyam Lemb (William Lamb).
As reported by Lucara, the failure to sell the diamond in London are not affected by the economic uncertainty related to the decision of the UK citizens in a referendum to leave the EU structure, or with the state of the world economy.
"I am worried that in just a few minutes after the end of the auction I was approached by a few people and said" We need to talk Lesedi "," They should probably take part in the auction, but it demonstrates the consumer interest. "- he added Lamb .
He also said that the size of the diamond does not allow for its analysis on the existing industrial equipment, which determines the optimal cut and polished appearance obtained.
"If you look at the course of trading, it becomes clear that the auction participants did become ki at the price of a diamond, which is derived from "Lesedi". We do not think that it is suitable choice for diamond like him ", - concluded the Lamb.
In May Lucara sold the 813-carat diamond" of Constellation "for $ 63 million.
http://royalpearljewelry.blogspot.ca/
Bluerock Diamonds PLC announced that in 2015 its losses before taxes increased due to rising costs. However, its revenue rose sharply.
The diamond company said that during the reporting period, it produced over 2,500 carats. The average price per carat in 2015 was $ 261 more than the original estimate of $ 183.
"While our production volumes have changed during the year as a whole we have achieved a sharp rise in the volume of rock processed in November 2015 on our processing plant it has reached more than 9000 tons of ore." - said in a statement.
In 2015, the company reported a loss before the deduction of 1.1 million pounds of tax ($ 1.6 million), compared with a loss of 646,487 pounds for the previous year. Meanwhile, the company's revenue in 2015 rose to 264,372 pounds against 65,084 pounds a year earlier.
Operating expenses in 2015 amounted to 874,624 pounds against 659,302 pounds in 2014.
http://bridalpearlnecklace.blogspot.ca/
The diamond company said that during the reporting period, it produced over 2,500 carats. The average price per carat in 2015 was $ 261 more than the original estimate of $ 183.
"While our production volumes have changed during the year as a whole we have achieved a sharp rise in the volume of rock processed in November 2015 on our processing plant it has reached more than 9000 tons of ore." - said in a statement.
In 2015, the company reported a loss before the deduction of 1.1 million pounds of tax ($ 1.6 million), compared with a loss of 646,487 pounds for the previous year. Meanwhile, the company's revenue in 2015 rose to 264,372 pounds against 65,084 pounds a year earlier.
Operating expenses in 2015 amounted to 874,624 pounds against 659,302 pounds in 2014.
http://bridalpearlnecklace.blogspot.ca/
Lucapa Diamonds plans to float its shares on the London Stock Exchange AIM despite the uncertainty caused by the decision of the UK to leave the EU (Brexit).
As noted by the Australian company, a logical step would be to enter it on the London Stock Exchange, as Lucapa expanding its operations.
"Financial markets know a lot about diamonds and to invest in Africa" - said General Director of Lucapa Vezeroll Stephen (Stephen Wetherall) in an interview with The Telegraph.
"We are considering listing on AIM, and so I'm here to see what the demand for them" - he added.
Vezeroll also said that investors' reaction has been very positive, although due to the British decision to withdraw from the EU on the results of the referendum, he doubted the correctness of the company's current strategy.
"Life goes on, traders have capital that they would like to invest," - he continues.
"In fact, the UK out of the EU has made the shares of some companies is very cheap and attractive for purchase", - concluded Vezeroll.
Lucapa recently began drilling program to define kimberlite sources of large and valuable alluvial diamond project with Lulo (Lulo) in Angola.
http://pearlsgift.blogspot.ca/
As noted by the Australian company, a logical step would be to enter it on the London Stock Exchange, as Lucapa expanding its operations.
"Financial markets know a lot about diamonds and to invest in Africa" - said General Director of Lucapa Vezeroll Stephen (Stephen Wetherall) in an interview with The Telegraph.
"We are considering listing on AIM, and so I'm here to see what the demand for them" - he added.
Vezeroll also said that investors' reaction has been very positive, although due to the British decision to withdraw from the EU on the results of the referendum, he doubted the correctness of the company's current strategy.
"Life goes on, traders have capital that they would like to invest," - he continues.
"In fact, the UK out of the EU has made the shares of some companies is very cheap and attractive for purchase", - concluded Vezeroll.
Lucapa recently began drilling program to define kimberlite sources of large and valuable alluvial diamond project with Lulo (Lulo) in Angola.
http://pearlsgift.blogspot.ca/
In India recently, there is a law according to which all jewelers with a turnover of more than $ 1 million are required to pay the excise tax on jewelry made of gold and precious stones. At the same time, representatives of the Indian jewelry industry wants to ensure that the threshold of levying excise duty was raised to $ 3 million.
As of April 1 of this year, the Government of India has introduced a 1 per cent excise tax on jewelry made of gold and precious stones for jewelers, with an annual turnover of production more $ 1 million. The rule is valid starting from the current 2016-2017 fiscal year. Small craftsmen and jewelers with an annual turnover of less than $ 1 million are exempt from excise duty.
Most jewelers have decided not to register in the Central Excise Department as long as the limit for the payment of the excise tax will not be raised to $ 3 million. Jewelry segment Traders resisted the entry of excise duty from the beginning, and from March 1 to April 12, they went to the 43-day strike.
The strike has been completed after the Government of India has assured the jewelers in the intention to come to a common solution of the issue through dialogue with the representatives of the jewelry segment at the national level.
http://traditionpearlnecklace.blogspot.ca/
As of April 1 of this year, the Government of India has introduced a 1 per cent excise tax on jewelry made of gold and precious stones for jewelers, with an annual turnover of production more $ 1 million. The rule is valid starting from the current 2016-2017 fiscal year. Small craftsmen and jewelers with an annual turnover of less than $ 1 million are exempt from excise duty.
Most jewelers have decided not to register in the Central Excise Department as long as the limit for the payment of the excise tax will not be raised to $ 3 million. Jewelry segment Traders resisted the entry of excise duty from the beginning, and from March 1 to April 12, they went to the 43-day strike.
The strike has been completed after the Government of India has assured the jewelers in the intention to come to a common solution of the issue through dialogue with the representatives of the jewelry segment at the national level.
http://traditionpearlnecklace.blogspot.ca/
De Beers said its partnership with the Botswana government has made a major contribution to the economic growth of this country.
Stability Manager, Product De Beers Purva Shah (Purvi Shah) said that diamond production has made a significant contribution to the success of Botswana, who comes from a poor, with no access to international seas and experiencing a shortage of drinking water agricultural country became one of the 10 African countries with the fastest increasing per capita GDP from 1966 to 2014.
"Botswana and De Beers partnership has made a major contribution to the economic growth of this country, as well as help the government itself," - said Shah.
"Thanks to the beneficiation and commitment to long-term strategic objectives, we can say that today, every element of the diamond supply chain is present in Botswana - from diamond mining, sorting and sales to cut, create jewelry and retail trade", - he added.
Shah said that Botswana was able to turn a profit from the sale of diamonds in infrastructure projects for the population, to provide access to health care and to invest in education. Botswana is now looking for ways to further diversify the economy.
A report published by De Beers in the past year, it was reported that in 2014 a partnership diamond company and the Botswana government could get revenues of almost $ 7 billion.
It has brought to the economy of $ 4 billion, which is equivalent to 25% of the GDP of Botswana.
Gains derived also from the sale of De Beers Diamond International diamantaires brought $ 380 million, or 9% of the total direct contribution of the joint venture in Botswana's GDP.
http://pearlgiftjewelry.blogspot.ca/
Stability Manager, Product De Beers Purva Shah (Purvi Shah) said that diamond production has made a significant contribution to the success of Botswana, who comes from a poor, with no access to international seas and experiencing a shortage of drinking water agricultural country became one of the 10 African countries with the fastest increasing per capita GDP from 1966 to 2014.
"Botswana and De Beers partnership has made a major contribution to the economic growth of this country, as well as help the government itself," - said Shah.
"Thanks to the beneficiation and commitment to long-term strategic objectives, we can say that today, every element of the diamond supply chain is present in Botswana - from diamond mining, sorting and sales to cut, create jewelry and retail trade", - he added.
Shah said that Botswana was able to turn a profit from the sale of diamonds in infrastructure projects for the population, to provide access to health care and to invest in education. Botswana is now looking for ways to further diversify the economy.
A report published by De Beers in the past year, it was reported that in 2014 a partnership diamond company and the Botswana government could get revenues of almost $ 7 billion.
It has brought to the economy of $ 4 billion, which is equivalent to 25% of the GDP of Botswana.
Gains derived also from the sale of De Beers Diamond International diamantaires brought $ 380 million, or 9% of the total direct contribution of the joint venture in Botswana's GDP.
http://pearlgiftjewelry.blogspot.ca/
Specialists of the Institute of Solid State Chemistry and Mechanical (ISSCM) SB RAS have developed a synthetic diamond production technology, which allows you to make them a thousand times faster and much faster than in the methods used today.
He told reporters Senior Research Fellow, Head of the Laboratory ISSCM SB RAS Boris Talochka.
"In our institute, we are preparing the starting material, which is placed in a special chamber, where it are working temperature of about 5 thousand. Degrees and a pressure of about one million atmospheres. Obtained diamonds "- Talochka said.
Artificial diamonds made today, including the institutes of the Russian Academy of Sciences. However, according to Talochka, technology developed ISSCM can significantly speed up the process by reducing the "growth" of stone from the month to a fraction of a second. In addition, due to a cheaper starting material, this method can reduce the cost of artificial diamonds of millions to several tens of thousand.
According to him, based on the carbonaceous material adamantane. Its crystal lattice very similar to the diamond crystal lattice, except that some of the atoms it contains hydrogen atoms. When exposed to form diamond and the free hydrogen is released. Now scientists are working to develop diversion of hydrogen technologies, so that it does not interfere with the process of the formation of diamonds.
In parallel, he said Talochka, work is underway to increase the size of the diamonds produced.
At the moment, developers managed to produce diamonds in size to several microns, which is sufficient for the needs of the microelectronics industry, and the experimental. However, the scientists want to get more large stones, which can be used in jewelry.
http://royalpearljewelry.blogspot.ca/
He told reporters Senior Research Fellow, Head of the Laboratory ISSCM SB RAS Boris Talochka.
"In our institute, we are preparing the starting material, which is placed in a special chamber, where it are working temperature of about 5 thousand. Degrees and a pressure of about one million atmospheres. Obtained diamonds "- Talochka said.
Artificial diamonds made today, including the institutes of the Russian Academy of Sciences. However, according to Talochka, technology developed ISSCM can significantly speed up the process by reducing the "growth" of stone from the month to a fraction of a second. In addition, due to a cheaper starting material, this method can reduce the cost of artificial diamonds of millions to several tens of thousand.
According to him, based on the carbonaceous material adamantane. Its crystal lattice very similar to the diamond crystal lattice, except that some of the atoms it contains hydrogen atoms. When exposed to form diamond and the free hydrogen is released. Now scientists are working to develop diversion of hydrogen technologies, so that it does not interfere with the process of the formation of diamonds.
In parallel, he said Talochka, work is underway to increase the size of the diamonds produced.
At the moment, developers managed to produce diamonds in size to several microns, which is sufficient for the needs of the microelectronics industry, and the experimental. However, the scientists want to get more large stones, which can be used in jewelry.
http://royalpearljewelry.blogspot.ca/
Representatives of the anti-crime organizations from around the world gathered in The Hague for the first global forum to enhance international cooperation to combat the smuggling of diamonds.
Europol, the European law enforcement agency, which is based in the Dutch capital, has adopted a three-day conference, which began on Tuesday last week. The event brought together senior law enforcement and customs agencies, regulators, experts on anti-money laundering and experts from the private sector to combat illegal trade and smuggling.
"This forum is an important step forward in our mission to undermine the criminal activities that affect not only the US but the entire world", - said Stephen Richardson, Deputy Director of the Criminal Investigation Federal Bureau of Investigation (FBI).
The forum will provide a platform for exchange of information and the creation of new links between the FBI said in a statement. It will also strengthen the partnership of law enforcement agencies that can help in establishing, liquidation and arresting criminal networks connected with the illicit trade in diamonds.
http://bridalpearlnecklace.blogspot.ca/
Europol, the European law enforcement agency, which is based in the Dutch capital, has adopted a three-day conference, which began on Tuesday last week. The event brought together senior law enforcement and customs agencies, regulators, experts on anti-money laundering and experts from the private sector to combat illegal trade and smuggling.
"This forum is an important step forward in our mission to undermine the criminal activities that affect not only the US but the entire world", - said Stephen Richardson, Deputy Director of the Criminal Investigation Federal Bureau of Investigation (FBI).
The forum will provide a platform for exchange of information and the creation of new links between the FBI said in a statement. It will also strengthen the partnership of law enforcement agencies that can help in establishing, liquidation and arresting criminal networks connected with the illicit trade in diamonds.
http://bridalpearlnecklace.blogspot.ca/
Indian brand Tanishq, owned by Titan company of Tata Group, reported an increase in sales due to holidays - Festival Ashkaya tritium and the season of weddings that took place in the first quarter of the current fiscal year, reports Economic Times
At the same time, the company noted that sales suffered from jewelers strike against the introduction of the excise tax on jewelery, which took place during the reporting period. "Strike jewelry associations against the introduction of the excise tax continued in many parts of India till the middle of April 2016, and it has had some impact on sales Tanishq this month", - says the company Titan reported
in May for Tanishq started well thanks to the festival Ashkaya tritium, added to Titan . "According to our data, some of the major players in the jewelry industry showed almost 30 priotsentnoe decline in sales during the festival Ashkaya tritium, thus, the market share of Tanishq increased", - added in the company.
The statement said Titan, some impact of the new government rules on compulsory presentation of a permanent tax number in India affected the number of products in several price categories. The company noted that, in general, the impact of this factor on the sale resulted in a reduction in revenue of less than 10% on a regular basis of the state. During the quarter, Titan has opened five stores and closed two Tanishq Gold Plus store.
http://pearlsgift.blogspot.ca/
At the same time, the company noted that sales suffered from jewelers strike against the introduction of the excise tax on jewelery, which took place during the reporting period. "Strike jewelry associations against the introduction of the excise tax continued in many parts of India till the middle of April 2016, and it has had some impact on sales Tanishq this month", - says the company Titan reported
in May for Tanishq started well thanks to the festival Ashkaya tritium, added to Titan . "According to our data, some of the major players in the jewelry industry showed almost 30 priotsentnoe decline in sales during the festival Ashkaya tritium, thus, the market share of Tanishq increased", - added in the company.
The statement said Titan, some impact of the new government rules on compulsory presentation of a permanent tax number in India affected the number of products in several price categories. The company noted that, in general, the impact of this factor on the sale resulted in a reduction in revenue of less than 10% on a regular basis of the state. During the quarter, Titan has opened five stores and closed two Tanishq Gold Plus store.
http://pearlsgift.blogspot.ca/
Diamond Bourse of Canada (DBC) recently held elections of the Board, and its members are re-elected David Gavin (David Gavin) as president for a third term, according to IDEX Online.
Six directors were elected to the Board for a new term of two years. The DBC reported that 2016-2018's board of directors will include the Executive Committee of the newly elected president of the exchange of David Gavin, Vice President Minesha Shah (Minesh Shah) Chaymlesha treasurer Samuel (Samuel Chimelash) and Secretary Dzheffri Brennera (Jeffrey Brenner).
Gavin was part of DBC board of directors since its inception in 2009, and then take on the role of treasurer. He was first appointed president in 2012.
Diamond Bourse of Canada supports and facilitates the trade in diamonds and gemstones in Canada.
http://traditionpearlnecklace.blogspot.ca/
Six directors were elected to the Board for a new term of two years. The DBC reported that 2016-2018's board of directors will include the Executive Committee of the newly elected president of the exchange of David Gavin, Vice President Minesha Shah (Minesh Shah) Chaymlesha treasurer Samuel (Samuel Chimelash) and Secretary Dzheffri Brennera (Jeffrey Brenner).
Gavin was part of DBC board of directors since its inception in 2009, and then take on the role of treasurer. He was first appointed president in 2012.
Diamond Bourse of Canada supports and facilitates the trade in diamonds and gemstones in Canada.
http://traditionpearlnecklace.blogspot.ca/
The corporation Dominion Diamond Corporation closes processing plant at the mine Ekati (Ekati) in Canada for three months after the fire, which occurred on 23 June.
The damage caused by the fire, confined to a small area and does not affect the basic structural components factory. Repairs are expected to take three months, after which the company is expected to resume working at full capacity, said in Dominion.
After the fire Dominion suspend ore extraction of lower quality, but will continue to produce a higher quality material. The company will create reserves of the ore prior to the resumption of its processing. Dominion plans to reduce capital costs by layoff of the employees and the delay is not of material importance of modernization of fixed assets.
The company will present an updated forecast of production and consumption as well as its fiscal-year outlook this week.
"We give preference to the most prudent course of action, which ensures the continuation of a limited production of higher-quality ore with carrying out the necessary steps to repair and return to productive activity and the preservation of capital", - said General Director of the Dominion Brendan Bell (Brendan Bell).
http://pearlgiftjewelry.blogspot.ca/
The damage caused by the fire, confined to a small area and does not affect the basic structural components factory. Repairs are expected to take three months, after which the company is expected to resume working at full capacity, said in Dominion.
After the fire Dominion suspend ore extraction of lower quality, but will continue to produce a higher quality material. The company will create reserves of the ore prior to the resumption of its processing. Dominion plans to reduce capital costs by layoff of the employees and the delay is not of material importance of modernization of fixed assets.
The company will present an updated forecast of production and consumption as well as its fiscal-year outlook this week.
"We give preference to the most prudent course of action, which ensures the continuation of a limited production of higher-quality ore with carrying out the necessary steps to repair and return to productive activity and the preservation of capital", - said General Director of the Dominion Brendan Bell (Brendan Bell).
http://pearlgiftjewelry.blogspot.ca/
Russia has strengthened its leading position as the world's largest diamond producer, in 2015, again beating Botswana on this indicator, the report of the Kimberley Process (KP).
Diamond production in Russia grew by 9.4% in 2015 to 41.9 million carats worth $ 4.24 billion, while mining in Botswana has fallen by 16%, to 20.8 million carats price of $ 2.99 billion .
The price per carat Botswana diamonds was $ 143.73 per carat, and Russian - $ 101.15 per carat.
Thus, Botswana can still overtake Russia as the largest producer of diamonds by value, but only if it is able to increase production.
Mining companies of Debswana, a joint venture between De Beers and the Botswana government, dropped to 20.4 million carats due to falling prices, while ALROSA production increased in 2015 to 38.3 million carats.
At the same time, the global diamond production in 2015 was reduced by the cost of the stone in terms of falling prices for the first time since 2012.
In value in the past year, total production decreased by 4.2% to $ 13.88 billion, according to data published by the Kimberley Process.
However, in terms of production increased by 2.1% to 127.4 million carats, while the average price of stones dropped by 6.2%, to $ 108.96 per carat.
Australia was on 3rd place in diamond mining, and produced 13.5 million carats in 2015 worth $ 308 million. The average price of the stones was $ 22.73 per carat.
Angola during the reporting period produced more than 9 million carats worth $ 1.18 billion, or $ 131.11 per carat.
Mining in South Africa in 2015 reached 7.2 million carats worth $ 1.39 billion, or an average of $ 192.57 per carat.
http://royalpearljewelry.blogspot.ca/
Diamond production in Russia grew by 9.4% in 2015 to 41.9 million carats worth $ 4.24 billion, while mining in Botswana has fallen by 16%, to 20.8 million carats price of $ 2.99 billion .
The price per carat Botswana diamonds was $ 143.73 per carat, and Russian - $ 101.15 per carat.
Thus, Botswana can still overtake Russia as the largest producer of diamonds by value, but only if it is able to increase production.
Mining companies of Debswana, a joint venture between De Beers and the Botswana government, dropped to 20.4 million carats due to falling prices, while ALROSA production increased in 2015 to 38.3 million carats.
At the same time, the global diamond production in 2015 was reduced by the cost of the stone in terms of falling prices for the first time since 2012.
In value in the past year, total production decreased by 4.2% to $ 13.88 billion, according to data published by the Kimberley Process.
However, in terms of production increased by 2.1% to 127.4 million carats, while the average price of stones dropped by 6.2%, to $ 108.96 per carat.
Australia was on 3rd place in diamond mining, and produced 13.5 million carats in 2015 worth $ 308 million. The average price of the stones was $ 22.73 per carat.
Angola during the reporting period produced more than 9 million carats worth $ 1.18 billion, or $ 131.11 per carat.
Mining in South Africa in 2015 reached 7.2 million carats worth $ 1.39 billion, or an average of $ 192.57 per carat.
http://royalpearljewelry.blogspot.ca/
CEO of KGK Navrattan Kothari (Navrattan Kothari) recently received an award Sarjan Group for outstanding achievements in 2016 at the 19th annual ceremony Sarjan awards in June.
The award was presented Kothari Rashmikant Donda (Rashmikant Donda), President Sarjan Group. It is reported that Kothari has greatly improved the performance industry of gems and jewelry globally thanks to its analysis of the skills, experience and insight.
Kothari was led by KGK from the 1960s, and over the past 50 years, he has changed the production and trade of jewelry segment. Under his leadership, KGK has become a modern international corporation, which operates in accordance with world-class standards and uses the most modern infrastructure. His leadership enabled KGK innovate and expand in many markets, and achieve international growth and recognition.
http://bridalpearlnecklace.blogspot.ca/
The award was presented Kothari Rashmikant Donda (Rashmikant Donda), President Sarjan Group. It is reported that Kothari has greatly improved the performance industry of gems and jewelry globally thanks to its analysis of the skills, experience and insight.
Kothari was led by KGK from the 1960s, and over the past 50 years, he has changed the production and trade of jewelry segment. Under his leadership, KGK has become a modern international corporation, which operates in accordance with world-class standards and uses the most modern infrastructure. His leadership enabled KGK innovate and expand in many markets, and achieve international growth and recognition.
http://bridalpearlnecklace.blogspot.ca/
Zimbabwean state diamond company Zimbabwe Consolidated Diamond Company (ZCDC) held a tender for the provision of drilling services and the supply of fuel and lubricants.
Official Harare in February ruled that diamond companies from the region Marange (Marange) have to leave their land due to the expiration of the licenses.
Then, the authorities called diamond firms merge into a single company ZCDC, but their representatives refused.
"In addition to the ongoing work, the contractor was asked to deliver their parts for Warman and KSB pumps" - said in a statement ZCDC.
"For the participants of the tender will be held on a mandatory inspection and site visits to drill," - added to the diamond company.
The documents of the tender can be obtained for a fee of $ 10.
Local newspaper Zimbabwe Independent cites unnamed sources in the Ministry of the hill country of production. Last week, they noted that ZCDC Adlecraft Mining has hired as a contractor for mining diamonds in Marange region, since it does not have the capacity and resources to carry out such activities.
Reportedly, the Minister of Mines Chidakva Walter (Walter Chidhakwa) noted that opposition Marange diamond companies to associate with ZCDC caused the lack of capacity of production.
At the same time, the minister could not comment on the reported deal with Adlecraft.
In March ZCDC produced 513 000 carats of diamonds valued at approximately $ 21.5 million.
http://pearlsgift.blogspot.ca/
Official Harare in February ruled that diamond companies from the region Marange (Marange) have to leave their land due to the expiration of the licenses.
Then, the authorities called diamond firms merge into a single company ZCDC, but their representatives refused.
"In addition to the ongoing work, the contractor was asked to deliver their parts for Warman and KSB pumps" - said in a statement ZCDC.
"For the participants of the tender will be held on a mandatory inspection and site visits to drill," - added to the diamond company.
The documents of the tender can be obtained for a fee of $ 10.
Local newspaper Zimbabwe Independent cites unnamed sources in the Ministry of the hill country of production. Last week, they noted that ZCDC Adlecraft Mining has hired as a contractor for mining diamonds in Marange region, since it does not have the capacity and resources to carry out such activities.
Reportedly, the Minister of Mines Chidakva Walter (Walter Chidhakwa) noted that opposition Marange diamond companies to associate with ZCDC caused the lack of capacity of production.
At the same time, the minister could not comment on the reported deal with Adlecraft.
In March ZCDC produced 513 000 carats of diamonds valued at approximately $ 21.5 million.
http://pearlsgift.blogspot.ca/
Zimbabwean state diamond company Zimbabwe Consolidated Diamond Company (ZCDC) held a tender for the provision of drilling services and the supply of fuel and lubricants.
Official Harare in February ruled that diamond companies from the region Marange (Marange) have to leave their land due to the expiration of the licenses.
Then, the authorities called diamond firms merge into a single company ZCDC, but their representatives refused.
"In addition to the ongoing work, the contractor was asked to deliver their parts for Warman and KSB pumps" - said in a statement ZCDC.
"For the participants of the tender will be held on a mandatory inspection and site visits to drill," - added to the diamond company.
The documents of the tender can be obtained for a fee of $ 10.
Local newspaper Zimbabwe Independent cites unnamed sources in the Ministry of the hill country of production. Last week, they noted that ZCDC Adlecraft Mining has hired as a contractor for mining diamonds in Marange region, since it does not have the capacity and resources to carry out such activities.
Reportedly, the Minister of Mines Chidakva Walter (Walter Chidhakwa) noted that opposition Marange diamond companies to associate with ZCDC caused the lack of capacity of production.
At the same time, the minister could not comment on the reported deal with Adlecraft.
In March ZCDC produced 513 000 carats of diamonds valued at approximately $ 21.5 million.
http://pearlsgift.blogspot.ca/
Official Harare in February ruled that diamond companies from the region Marange (Marange) have to leave their land due to the expiration of the licenses.
Then, the authorities called diamond firms merge into a single company ZCDC, but their representatives refused.
"In addition to the ongoing work, the contractor was asked to deliver their parts for Warman and KSB pumps" - said in a statement ZCDC.
"For the participants of the tender will be held on a mandatory inspection and site visits to drill," - added to the diamond company.
The documents of the tender can be obtained for a fee of $ 10.
Local newspaper Zimbabwe Independent cites unnamed sources in the Ministry of the hill country of production. Last week, they noted that ZCDC Adlecraft Mining has hired as a contractor for mining diamonds in Marange region, since it does not have the capacity and resources to carry out such activities.
Reportedly, the Minister of Mines Chidakva Walter (Walter Chidhakwa) noted that opposition Marange diamond companies to associate with ZCDC caused the lack of capacity of production.
At the same time, the minister could not comment on the reported deal with Adlecraft.
In March ZCDC produced 513 000 carats of diamonds valued at approximately $ 21.5 million.
http://pearlsgift.blogspot.ca/
Sarine Technologies Ltd, which is engaged in the development, production, marketing and sales of high-tech products for the analysis, planning, cut, measurement and evaluation of precious stones, reported on the implementation of a record 20 supply planning systems Galaxy family of inclusions in the second quarter of 2016. It was shipped to Galaxy 18 systems in the first quarter.
A record number of deliveries has been achieved against the background of a positive overall performance of the global diamond industry, as well as due to improving sentiment in the Indian diamond cutting industry. Of the 20 set Galaxy 10 family of systems are Meteor model for small stones, 8 constitute Solaris model and 2 belong to the Galaxy Ultra system.
Although Sarine has not yet presented its figures for the last quarter, the company suggests that revenues in the second quarter of 2016 exceeded $ 20 million, which was a significant increase in both the previous quarter and the same period last year. Based on these preliminary results, Sarine continues to increase the range of services for the diamond market and expects further profit growth.
http://traditionpearlnecklace.blogspot.ca/
A record number of deliveries has been achieved against the background of a positive overall performance of the global diamond industry, as well as due to improving sentiment in the Indian diamond cutting industry. Of the 20 set Galaxy 10 family of systems are Meteor model for small stones, 8 constitute Solaris model and 2 belong to the Galaxy Ultra system.
Although Sarine has not yet presented its figures for the last quarter, the company suggests that revenues in the second quarter of 2016 exceeded $ 20 million, which was a significant increase in both the previous quarter and the same period last year. Based on these preliminary results, Sarine continues to increase the range of services for the diamond market and expects further profit growth.
http://traditionpearlnecklace.blogspot.ca/
The new National Policy for the exploration of mineral resources (National Mineral Exploration Policy, NMEP) India, which was recently adopted by the Government of the country, has been introduced with effect from July 4, 2016, according to the Information Office press.
One key aspect of the policy is to increase the rate of exploration in the country due to the expansion of private sector participation. The text of the document was presented to the National Assembly for the mining industry and mineral resources in Raipur, Chhattisgarh.
The text of the statement of the law states that the sale of certain units for exploration work at auction for the private sector will soon be carried out by the Ministry of Mines. Exploration companies will be able to claim part of the proceeds from mining in the event that will bring the results of exploration. However, if the site after the work can not be sold at auction, exploration costs for companies will be reimbursed at standard cost, say in the government.
This policy also involves a comprehensive exploration of mineral resources of India for the disclosure of all the mineral resource potential of the country. On this basis, the resources can be used most efficiently, which will help to maximize the contribution of the mining sector to the economy.
To this end, the National Program airborne geophysical survey will be conducted with the participation of the government, after which will be established base of geophysical data, and also placed in the public domain. The database will contain information and data exploration Baseline collected various central and state government agencies, as well as the holder of mineral concessions.
In addition, the government will promote the development of cooperation with research organizations, universities and industry for research and technological development required for exploration on the basis of partnership between the state and the private sector.
It is expected that the cost of implementation of the new policy of the government about $ 319 million over five years. This is higher than the budget of the Geological Service of India under the Ministry of Mines.
The new policy was designed to promote the initial steps taken by the authorities for the development of mountainous Indian mining sector.
http://pearlgiftjewelry.blogspot.ca/
One key aspect of the policy is to increase the rate of exploration in the country due to the expansion of private sector participation. The text of the document was presented to the National Assembly for the mining industry and mineral resources in Raipur, Chhattisgarh.
The text of the statement of the law states that the sale of certain units for exploration work at auction for the private sector will soon be carried out by the Ministry of Mines. Exploration companies will be able to claim part of the proceeds from mining in the event that will bring the results of exploration. However, if the site after the work can not be sold at auction, exploration costs for companies will be reimbursed at standard cost, say in the government.
This policy also involves a comprehensive exploration of mineral resources of India for the disclosure of all the mineral resource potential of the country. On this basis, the resources can be used most efficiently, which will help to maximize the contribution of the mining sector to the economy.
To this end, the National Program airborne geophysical survey will be conducted with the participation of the government, after which will be established base of geophysical data, and also placed in the public domain. The database will contain information and data exploration Baseline collected various central and state government agencies, as well as the holder of mineral concessions.
In addition, the government will promote the development of cooperation with research organizations, universities and industry for research and technological development required for exploration on the basis of partnership between the state and the private sector.
It is expected that the cost of implementation of the new policy of the government about $ 319 million over five years. This is higher than the budget of the Geological Service of India under the Ministry of Mines.
The new policy was designed to promote the initial steps taken by the authorities for the development of mountainous Indian mining sector.
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Stellar Diamonds has received $ 228,000 from the auction of diamonds belonging to her 75% of the mine Baul (Baoulé) in Guinea. The average price per carat was $ 72.65.
Thus, added to the company as a result of processing of bulk sample weighing 100 000 tonnes of diamonds have been obtained on the $ 1228 000.
"The lower average price per carat, which has been achieved in the framework of trading compared to the previous auction, due to the fact that this party was entirely made up of diamond with smaller mortgage share of the project It contains diamonds of lower quality compared to the larger share of the eastern kimberlite in addition, the sales figures put pressure current diamond market ", -.. are added to the Stellar.
"At the same time, it should be noted that the diamonds of higher quality and were sold at a higher price Two 5-carat diamond went for the price of more than $ 3,500 per carat.", - concluded the company.
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Joint Stock Company "ALROSA" (PJSC), the largest in the world in terms of diamond production, reports that diamond weighing 207.29 carats produced in the tube "Summer Lightning" Udachninsky Mining and Processing Plant (GOK) in May 2016, named "Children of Asia".
The corresponding order was signed by the president of "ALROSA" (PAO) Andrei Zharkov. Stone gem quality with dimensions of 38.0 x 37.0 x 18.0 mm is the largest in the history of diamond "Zarnitsa". Mined diamond is a transparent crystal of a transitional form with a small vividness faces.
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The corresponding order was signed by the president of "ALROSA" (PAO) Andrei Zharkov. Stone gem quality with dimensions of 38.0 x 37.0 x 18.0 mm is the largest in the history of diamond "Zarnitsa". Mined diamond is a transparent crystal of a transitional form with a small vividness faces.
http://bridalpearlnecklace.blogspot.ca/
Laboratory Gemological Science International (GSI) today announced that it has added a special 360-degree videos on a virtual inspection of diamonds (Virtual Diamond Examination, VDX) to its high-tech software to evaluate and create a gemological reports.
Since July this year, VDX reports that can be accessed directly using the device Diapix by OGI, become part of GSI gemological reports for individual diamonds and precious stones, issued in all lab locations. In such reports will soon be established and for jewelry.
You can easily access reports VDX, scanning the QR-code on the physical form of the document, or by driving a report number in the box "Verify your report" (Check the authenticity of the report) on the GSI website.
"Reports VDX GSI laboratory not only reduce the number of" paper work ", but also allow you to access 360-degree HD-video of a diamond or gemstone and most gemological report from anywhere in the world", - said Debbie Azar (Debbie Azar), executive Vice President of GSI. "I think our customers will be pleased to know that for the new service will not be charged extra money."
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Since July this year, VDX reports that can be accessed directly using the device Diapix by OGI, become part of GSI gemological reports for individual diamonds and precious stones, issued in all lab locations. In such reports will soon be established and for jewelry.
You can easily access reports VDX, scanning the QR-code on the physical form of the document, or by driving a report number in the box "Verify your report" (Check the authenticity of the report) on the GSI website.
"Reports VDX GSI laboratory not only reduce the number of" paper work ", but also allow you to access 360-degree HD-video of a diamond or gemstone and most gemological report from anywhere in the world", - said Debbie Azar (Debbie Azar), executive Vice President of GSI. "I think our customers will be pleased to know that for the new service will not be charged extra money."
http://pearlsgift.blogspot.ca/
De Beers introduced its new collection of fine jewelry (High Jewellery collection) during the Paris haute couture week 2016, according to a company press release. Collection "London by De Beers" captured in diamonds five London attractions - the Albert Bridge, Battersea Power Station, Elizabeth Tower, Buckingham Palace and the Thames.
"We are proud to call our London home and present our first collection, conceived as a tribute to the hometown of our brand. These unique works were created to capture the magic light that plays on these iconic landmarks, and is reflected from the surface of the majestic Thames, embodying the unique spirit of London. Five sets demonstrate exceptional skill in moving water and light transmission in a beautiful combination of diamond faces and elaborate jewelry technique, "- says CEO of De Beers Diamonds Jewellers Fransua Delazh (Francois Delage).
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"We are proud to call our London home and present our first collection, conceived as a tribute to the hometown of our brand. These unique works were created to capture the magic light that plays on these iconic landmarks, and is reflected from the surface of the majestic Thames, embodying the unique spirit of London. Five sets demonstrate exceptional skill in moving water and light transmission in a beautiful combination of diamond faces and elaborate jewelry technique, "- says CEO of De Beers Diamonds Jewellers Fransua Delazh (Francois Delage).
http://traditionpearlnecklace.blogspot.ca/
The corporation Dominion Diamond Corporation has lowered its forecast for diamond mining Ekati mine (Ekati) by 16% in Canada in the current fiscal year after it announced the suspension of three months after the fire.
Now projected that the production for the 12 months ended January 31, 2017 will amount to 4.7 million carats, compared with an earlier forecast of 5.6 million carats, the diamond miner said.
It continues to produce more valuable ore quarry Misery (Misery) and underground mine Koala (Koala), but it was suspended on developments Pigeon (Pigeon) and Lynx (Lynx). Material with Misery and Koala will be stored in order to enrich the ore mixed with Misery-Maine (Misery Main) and Koala when work resumes processing plant. During downtime of Dominion plant will also reduce operating costs and defer some capital costs.
"We planned to keep production in such a way as to allow for prioritization on startup [plant] more valuable ores, thereby minimizing the impact on the market value of our production for the fiscal year" - said General Director of the Dominion Brendan Bell (Brendan Bell).
Preliminary estimates for the repair work because of a fire that broke out at the processing plant of the mine June 23 valued at approximately $ 19.2 million. (25 million Canadian dollars). The amount may change after the start of restoration work, the company warned. Around 330 permanent and temporary employees, are expected to be temporarily laid off.
"Non-essential" capital projects on the content of the mine, such as the expansion of communication systems and automation, transferred to financial 2018, the company said.
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Now projected that the production for the 12 months ended January 31, 2017 will amount to 4.7 million carats, compared with an earlier forecast of 5.6 million carats, the diamond miner said.
It continues to produce more valuable ore quarry Misery (Misery) and underground mine Koala (Koala), but it was suspended on developments Pigeon (Pigeon) and Lynx (Lynx). Material with Misery and Koala will be stored in order to enrich the ore mixed with Misery-Maine (Misery Main) and Koala when work resumes processing plant. During downtime of Dominion plant will also reduce operating costs and defer some capital costs.
"We planned to keep production in such a way as to allow for prioritization on startup [plant] more valuable ores, thereby minimizing the impact on the market value of our production for the fiscal year" - said General Director of the Dominion Brendan Bell (Brendan Bell).
Preliminary estimates for the repair work because of a fire that broke out at the processing plant of the mine June 23 valued at approximately $ 19.2 million. (25 million Canadian dollars). The amount may change after the start of restoration work, the company warned. Around 330 permanent and temporary employees, are expected to be temporarily laid off.
"Non-essential" capital projects on the content of the mine, such as the expansion of communication systems and automation, transferred to financial 2018, the company said.
http://pearlgiftjewelry.blogspot.ca/
CEO of HRD Antwerp Peter Machen (Peter Macken) inaugurated in Paris, Galeries du Diamant, the first brand store of the Antwerp Diamond Lab.
HRD Antwerp has chosen French capital located its flagship store because of its prestige, authority and popularity. "We are dedicated to the discovery of a network of branded stores in major HRD Antwerp and fashionable shopping centers across Europe, the Middle East and China, but we wanted to Paris became the first in the world", - said Maken at the opening ceremony.
"We intend to promote Antwerp diamonds, and we opened a jewelry store in Paris to sell only certified HRD Antwerp diamonds. We are very proud to have become the world's first retailer of goods HRD Antwerp, and are pleased to host its first-ever flagship store ", - the press service quoted the words of an unnamed laboratory owner Galeries du Diamant.
http://royalpearljewelry.blogspot.ca/
According to the annual report on the diamond market of the Kimberley Process (KP) in 2015, India has become the world's largest importer of diamonds by volume.
In 2015, India took 37.77 per cent share of the world's volume of imports of rough diamonds, which is slightly more than 37.55% observed in 2014. At the same time, the cost of diamonds share of India's imports increased in 2015 to 31.69%, against 30.40% in 2014.
European Union (EU) became the second after India's largest importer of diamonds. For the EU on this indicator amounted to 30.23%. At the same time, at a cost of rough diamond imports to the EU amounted to 29.97% of the global total. Thus, the backlog of India from the EU on this indicator very small.
http://bridalpearlnecklace.blogspot.ca/
In 2015, India took 37.77 per cent share of the world's volume of imports of rough diamonds, which is slightly more than 37.55% observed in 2014. At the same time, the cost of diamonds share of India's imports increased in 2015 to 31.69%, against 30.40% in 2014.
European Union (EU) became the second after India's largest importer of diamonds. For the EU on this indicator amounted to 30.23%. At the same time, at a cost of rough diamond imports to the EU amounted to 29.97% of the global total. Thus, the backlog of India from the EU on this indicator very small.
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On Wednesday, the president of ALROSA Andrei Zharkov held a meeting in the company "Diamonds of Anabar", which, according to a report SakhaPress.ru, the general director of "Diamonds of Anabar" Paul Marinychev with a report on the results of financial and economic activity of JSC "Diamonds of Anabar" and JSC "Nizhne -Lenskoe "the first half of 2016, noting in particular that the volume of rough diamond production growth in the reporting period reached 102% in comparison with the approved plans of both companies, while the sales of rough diamonds increased by 176% in dollar terms on a Alignment with the same period last year. As indicated in the report, targets for all key financial indicators performed well ahead.
President of "ALROSA" Andrey Zharkov, positively assessed the activity of "Diamonds of Anabar" and "Lower Lena" in the first half of 2016, said: "Our task - to develop and implement strategic measures, which will be directed primarily at sustainable development of the company in the long term. It is important to maintain the positive prerequisites for economic and industrial growth which today is at the company as a whole and, in particular, by our subsidiaries. "
During the meeting it was noted that further efforts "Diamonds of Anabar" will be directed not only to maintain the rate of extraction of diamonds in alluvial deposits, but also on the development of associated production of valuable minerals through legislative initiatives put forward to the ALROSA Group in the State Duma of Russia.
In this connection, Andrew Zharkov said: "In Moscow, our great efforts in amending the" Law on Subsoil have been taken. " They have taken all readings were held in the Federation Council and signed by the President of the Russian Federation. I congratulate your team! Before the company opens up new prospects - expansion of activity with new opportunities related to the concurrent production of gold and platinum group metals. The company has started a new milestone in the development. "
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President of "ALROSA" Andrey Zharkov, positively assessed the activity of "Diamonds of Anabar" and "Lower Lena" in the first half of 2016, said: "Our task - to develop and implement strategic measures, which will be directed primarily at sustainable development of the company in the long term. It is important to maintain the positive prerequisites for economic and industrial growth which today is at the company as a whole and, in particular, by our subsidiaries. "
During the meeting it was noted that further efforts "Diamonds of Anabar" will be directed not only to maintain the rate of extraction of diamonds in alluvial deposits, but also on the development of associated production of valuable minerals through legislative initiatives put forward to the ALROSA Group in the State Duma of Russia.
In this connection, Andrew Zharkov said: "In Moscow, our great efforts in amending the" Law on Subsoil have been taken. " They have taken all readings were held in the Federation Council and signed by the President of the Russian Federation. I congratulate your team! Before the company opens up new prospects - expansion of activity with new opportunities related to the concurrent production of gold and platinum group metals. The company has started a new milestone in the development. "
http://pearlsgift.blogspot.ca/
Lucapa Diamond Company received $ 3 million from the sale of two lots of alluvial diamonds total weight of 2670 carats at an average price of $ 1132 per carat in the second quarter, which ended in June 2016.
Thus, in the first half diamond Lucapa sales reached $ 26.2 million, while the average price of diamonds - $ 5686 per carat.
However, in Lucapa noted that in the annual report 2581 was produced quarter carat diamond at slightly lower concentrations in the rock at 7 carats per hundred cubic meters. 30 was recovered diamond special weight to 88 carats, and a 13-carat yellow diamond. Compared to the second quarter of 2015 production growth was 80%.
The average size of the diamond, mining companies increased from 0.8 carats to 1.3 carats in spite of the fact that the size of the grid cells at the processing plant remained unchanged and amounted to 1.5 mm.
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Thus, in the first half diamond Lucapa sales reached $ 26.2 million, while the average price of diamonds - $ 5686 per carat.
However, in Lucapa noted that in the annual report 2581 was produced quarter carat diamond at slightly lower concentrations in the rock at 7 carats per hundred cubic meters. 30 was recovered diamond special weight to 88 carats, and a 13-carat yellow diamond. Compared to the second quarter of 2015 production growth was 80%.
The average size of the diamond, mining companies increased from 0.8 carats to 1.3 carats in spite of the fact that the size of the grid cells at the processing plant remained unchanged and amounted to 1.5 mm.
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Joint Stock Company "ALROSA" (PJSC), the largest in the world in terms of diamond production, announces that the rating agency RAEX (Expert RA) raised the rating of reliability NPF "Diamond Autumn" from A + "very high level of reliability" to A ++ "exceptionally high (the highest) level of reliability", "stable" outlook.
The rating agency praised the moderately conservative policy of investing pension savings and pension reserves. Pension funds NPF "Diamond Autumn" are placed on deposit and current accounts of banks and invested in bonds and shares of issuers with a rating no lower than A + on a scale RAEX (Expert RA).
More than 90% of equity capital placed on deposit and current accounts of credit institutions with a credit rating corresponding to the level of A ++ by RAEX (Expert RA). C for the period January 1, 2012 on December 31, 2015 the cumulative yield of the Fund ahead of inflation.
As positive factors noted a high liquidity ratio and a high level of transparency. The Fund is characterized by a high level of reliability management companies, cooperates with: 44% of pension reserves are managed by LLC "Managing company" Capital ", 25% of pension savings, and about 1% of pension reserves under the control of" VTB Capital Asset Management ".
According to the agency, a positive impact on the rating has a high probability of financial support from the owner of "ALROSA" (PJSC), as well as administrative support from the state.
"Reliability Rating NPF - an assessment of the fund financial performance, how well he manages pension money and fulfill its obligations to customers", - said General Director of the Foundation Vyacheslav Khmyrov. - We hope that this event will provide our customers with additional assurance and confidence in the safety of their funds. "
"Since the previous updating NPF" Diamond Autumn "entered the guarantee system, is successfully implementing a plan for automating business processes and executes a plan to improve the quality of risk management, which will positively impact on the quality of the investment portfolio. A combination of factors led to an increase in the rating "- said a leading analyst of corporate ratings RAEX (Expert RA) Anatoly Nazaruk.
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The rating agency praised the moderately conservative policy of investing pension savings and pension reserves. Pension funds NPF "Diamond Autumn" are placed on deposit and current accounts of banks and invested in bonds and shares of issuers with a rating no lower than A + on a scale RAEX (Expert RA).
More than 90% of equity capital placed on deposit and current accounts of credit institutions with a credit rating corresponding to the level of A ++ by RAEX (Expert RA). C for the period January 1, 2012 on December 31, 2015 the cumulative yield of the Fund ahead of inflation.
As positive factors noted a high liquidity ratio and a high level of transparency. The Fund is characterized by a high level of reliability management companies, cooperates with: 44% of pension reserves are managed by LLC "Managing company" Capital ", 25% of pension savings, and about 1% of pension reserves under the control of" VTB Capital Asset Management ".
According to the agency, a positive impact on the rating has a high probability of financial support from the owner of "ALROSA" (PJSC), as well as administrative support from the state.
"Reliability Rating NPF - an assessment of the fund financial performance, how well he manages pension money and fulfill its obligations to customers", - said General Director of the Foundation Vyacheslav Khmyrov. - We hope that this event will provide our customers with additional assurance and confidence in the safety of their funds. "
"Since the previous updating NPF" Diamond Autumn "entered the guarantee system, is successfully implementing a plan for automating business processes and executes a plan to improve the quality of risk management, which will positively impact on the quality of the investment portfolio. A combination of factors led to an increase in the rating "- said a leading analyst of corporate ratings RAEX (Expert RA) Anatoly Nazaruk.
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Bodies for diamond mining in Zimbabwe Control urged the minister of mining country Chidakvu Walter (Walter Chidhakwa) to stop the operations are not coping with the diamond mining company Consolidated Zimbabwe Consolidated Diamond Company (ZCDC) as long as it "does not take seriously" for the work.
Executive director of Zimbabwe's Natural Resources Management Center (Centre for Natural Resource Governance) Farai Maguwu (Farai Maguwu) said in an interview with local edition of Newsday, ZCDC that was created on the basis of lies to fill the pockets of a handful of officials.
"I believe that the government is lying to the nation's offer of $ 30 million was expressed to justify the nationalization of the Marange diamond (Marange) a group of dishonest officials in the Ministry of Mining, who now deny all the charges." - Maguwu said.
"The way was created ZCDC, it shows that the company aims to continue the close operation of its predecessors, and the appointment to the board of directors and team ZCDC and behind the scenes", - he added.
It was reported last month that ZCDC able to realize 71,000 carats for $ 1 million.
In March last year Chidakva said that ZCDC will produce and sell 500,000 carats per month for $ 30 million.
The head of the Center for Research and Development (Centre for Research and Development) Mupfumi James (James Mupfumi) said that ZCDC not managed to make significant changes in Zimbabwe's diamond industry since its inception in March this year.
"ZCDC operations contrary to the Constitution This is due to the state budget management solution for the protection of his interests." - he said.
"This is confirmed by the small amounts of revenue since the start of mining operations Zimbabweans should immediately require the cessation of operations for the extraction of diamonds ZCDC.", - concluded Mupfumi.
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Executive director of Zimbabwe's Natural Resources Management Center (Centre for Natural Resource Governance) Farai Maguwu (Farai Maguwu) said in an interview with local edition of Newsday, ZCDC that was created on the basis of lies to fill the pockets of a handful of officials.
"I believe that the government is lying to the nation's offer of $ 30 million was expressed to justify the nationalization of the Marange diamond (Marange) a group of dishonest officials in the Ministry of Mining, who now deny all the charges." - Maguwu said.
"The way was created ZCDC, it shows that the company aims to continue the close operation of its predecessors, and the appointment to the board of directors and team ZCDC and behind the scenes", - he added.
It was reported last month that ZCDC able to realize 71,000 carats for $ 1 million.
In March last year Chidakva said that ZCDC will produce and sell 500,000 carats per month for $ 30 million.
The head of the Center for Research and Development (Centre for Research and Development) Mupfumi James (James Mupfumi) said that ZCDC not managed to make significant changes in Zimbabwe's diamond industry since its inception in March this year.
"ZCDC operations contrary to the Constitution This is due to the state budget management solution for the protection of his interests." - he said.
"This is confirmed by the small amounts of revenue since the start of mining operations Zimbabweans should immediately require the cessation of operations for the extraction of diamonds ZCDC.", - concluded Mupfumi.
http://royalpearljewelry.blogspot.ca/
Petra Diamonds Company entered into a joint venture with Ekapa Mining. The company combines three operations, previously owned by the Company in Kimberley, South Africa.
Johan Dippenaar (Johan Dippenaar), Chief Executive Officer of Petra Diamonds, said that the joint venture Kimberley Ekapa Mining (KEM JV), is expected to bring significant consistency in the operation in Kimberley. This includes the ability to increase the volume of rock processing and reduce operating costs, thereby extending the life cycle of operations.
Among the consolidated operations - Petra underground mines in Kimberley, processing operations and waste rock Ekapa Kimberley Mines.
Ekapa Minerals owns 50.1% of the company Ekapa Mining and 49,9% - Petra Company. It acquired the Kimberley Mines, the company De Beers Consolidated Mines in January this year.
As part of the transaction were transferred to a number of sites with rock piles in the Kimberley area, as well as the latest combination processing plant breeds capacity of 6 million tons of ore per year. The company can process as the ore supplied directly from mines and rock piles with.
"These assets are in good agreement with a portfolio of group companies, taking into account existing in Kimberley underground operations Petra", - said Dippenaar.
"It is important to note that the deal demonstrates our commitment to ensuring a sustainable future for the diamond industry in Kimberley, which will benefit workers Kimberley Mines and the local community", - he concluded.
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Johan Dippenaar (Johan Dippenaar), Chief Executive Officer of Petra Diamonds, said that the joint venture Kimberley Ekapa Mining (KEM JV), is expected to bring significant consistency in the operation in Kimberley. This includes the ability to increase the volume of rock processing and reduce operating costs, thereby extending the life cycle of operations.
Among the consolidated operations - Petra underground mines in Kimberley, processing operations and waste rock Ekapa Kimberley Mines.
Ekapa Minerals owns 50.1% of the company Ekapa Mining and 49,9% - Petra Company. It acquired the Kimberley Mines, the company De Beers Consolidated Mines in January this year.
As part of the transaction were transferred to a number of sites with rock piles in the Kimberley area, as well as the latest combination processing plant breeds capacity of 6 million tons of ore per year. The company can process as the ore supplied directly from mines and rock piles with.
"These assets are in good agreement with a portfolio of group companies, taking into account existing in Kimberley underground operations Petra", - said Dippenaar.
"It is important to note that the deal demonstrates our commitment to ensuring a sustainable future for the diamond industry in Kimberley, which will benefit workers Kimberley Mines and the local community", - he concluded.
http://bridalpearlnecklace.blogspot.ca/
Gemfields signed a new loan agreement in the amount of $ 65 million, of which $ 45 million will be allocated to finance the development of the project Montepuez (Montepuez) mining of rubies in Mozambique.
Funding will also be aimed at "smoothing" flow of funds of companies with their view of the intermittent nature of the auction of precious stones, says Chief Financial Officer Gemfields Dzhanet Boys (Janet Boyce).
The company noted that the emerald mines Kagem (Kagem) funds in the amount of $ 30 million have already been received in Zambia.
"We are pleased with the fact that we have agreed on the financing of these mechanisms after considering a number of alternatives, as well as other proposals from various banks," - Boyce said.
Gemfields recent loan, together with the funds received for the mine Kagem from branch of Barclays Zambia, Gemfields provide the necessary funding. The company intends to support its plans for growth and expansion, so that over the next three years to increase the annual production of rough rubies to about 20 million carats in the Montepuez and increase production of rough emeralds to more than 40 million carats Kagem.
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Funding will also be aimed at "smoothing" flow of funds of companies with their view of the intermittent nature of the auction of precious stones, says Chief Financial Officer Gemfields Dzhanet Boys (Janet Boyce).
The company noted that the emerald mines Kagem (Kagem) funds in the amount of $ 30 million have already been received in Zambia.
"We are pleased with the fact that we have agreed on the financing of these mechanisms after considering a number of alternatives, as well as other proposals from various banks," - Boyce said.
Gemfields recent loan, together with the funds received for the mine Kagem from branch of Barclays Zambia, Gemfields provide the necessary funding. The company intends to support its plans for growth and expansion, so that over the next three years to increase the annual production of rough rubies to about 20 million carats in the Montepuez and increase production of rough emeralds to more than 40 million carats Kagem.
http://pearlsgift.blogspot.ca/
Harvest Way Enterprises, the Chinese company engaged in diamond processing, diamond cutting company plans to open in Zimbavbe to support the intention of the country to create added value for its diamonds.
According to news agency ZBC, Harvest Way was satisfied with the results of negotiations with the official Harare to create a cutting and polishing factory.
As the representative of Chinese company Mannix Shek (Mannix Shek), Harvest Way supports learning Zimbabwean diamond cutting.
According to him, the contract in the country's government is likely to be signed soon.
Last year, Zimbabwe was produced 3.49 million carats worth $ 174.5 million, according to the latest data of the Kimberley Process.
The average cost of Zimbabwe diamonds was $ 50 per carat.
http://traditionpearlnecklace.blogspot.ca/
According to news agency ZBC, Harvest Way was satisfied with the results of negotiations with the official Harare to create a cutting and polishing factory.
As the representative of Chinese company Mannix Shek (Mannix Shek), Harvest Way supports learning Zimbabwean diamond cutting.
According to him, the contract in the country's government is likely to be signed soon.
Last year, Zimbabwe was produced 3.49 million carats worth $ 174.5 million, according to the latest data of the Kimberley Process.
The average cost of Zimbabwe diamonds was $ 50 per carat.
http://traditionpearlnecklace.blogspot.ca/
According to official data, in mid-June, about 3,000 kg of gold was placed in banks under the gold monetization scheme (Gold monetisation scheme, GMS) in India, reports Business Line.
The temples in India have become major contributors to the scheme, and 22 of the temple trust have 1584 kg of gold, and the organization of Tirumala Tirupati Devasthanams (TTD) has made 1311 kg of gold from the total, placing it in April, the bank Punjab National Bank.
"The scheme developed, and we expect that more people will invest gold in banks, because they see the advantage of such a strategy, we have tried to alter the scheme so that it would meet the requirements of investors." - said a senior official of the Ministry of Finance of India.
In November 2015 the Prime Minister of India, Narendra Modi signed the law on monetization scheme of gold and gold sovereign bonds to meet the domestic demand for the precious metal and reduce the trade deficit.
It is expected that due to the gold monetization scheme is able to mobilize about 20 000 tonnes of the precious metal stored in households without India's participation in the economy. The scheme aims to encourage organizations and individuals to store gold guaranteed by the government and receive a regular income.
However, in order that the scheme has become popular among the population, it had several times to change and include in it provisions such as early repayment of medium-term and long-term deposits.
The government, which plans to release the fourth installment of the sovereign bonds of gold, has already attracted $ 198,110,000 in the framework of the three tranches of the bonds in the last fiscal year.
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DiamondCorp received about £ 1.5 million after-subscription investors to 24,851,673 new ordinary shares at a price of 6 pence per share. The company continues to increase commercial production of diamonds from the underground part of the mine Lace (Lace) in South Africa.
The net proceeds from the offering will be used for working capital, the company said.
Operational cash flow Diamondcorp recently been limited after the recent unplanned capital expenditures.
The company reported that in April last year, she has experienced operational difficulties with the existing earthmoving equipment with an increase in the volume of industrial production from the underground kimberlite at the Lace mine.
"Directors have studied and worked for a number of opportunities to raise additional capital without further recourse to the shareholders", - said in DiamondCorp.
"However, none of the options was not available the company at a reasonable price and in a timely manner," - added to the company.
It is planned that the upper block K4 Lace mine will produce 30,000 tonnes of kimberlite per month, which will be loaded onto the conveyor belt from the current month.
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The net proceeds from the offering will be used for working capital, the company said.
Operational cash flow Diamondcorp recently been limited after the recent unplanned capital expenditures.
The company reported that in April last year, she has experienced operational difficulties with the existing earthmoving equipment with an increase in the volume of industrial production from the underground kimberlite at the Lace mine.
"Directors have studied and worked for a number of opportunities to raise additional capital without further recourse to the shareholders", - said in DiamondCorp.
"However, none of the options was not available the company at a reasonable price and in a timely manner," - added to the company.
It is planned that the upper block K4 Lace mine will produce 30,000 tonnes of kimberlite per month, which will be loaded onto the conveyor belt from the current month.
http://royalpearljewelry.blogspot.ca/
Wednesday, July 12, 2017
The new Namibian State diamond company Namib Desert Diamonds (Namdia), which intends to produce diamonds worth $ 150 million annually, is reported to have started work in April of this year, local media reported, but we know about it was only recently.
Minister for Mines and Energy of Namibia vow Kandzhoze (Obeth Kandjoze) said in an interview with the Namibian newspaper that Namdia operations were started April 18, 2016, and the current Diamond Commissioner Kennedy Hamutenya Namibia (Kennedy Hamutenya) became its CEO.
Namdia, fully owned by the state, was established as a joint venture between the official Windhoek and De Beers at the beginning of 2016.
The company will be a public authority for the sale and marketing of diamonds.
Kandzhoze noted that Hamutenya eating experience in the diamond industry. He negotiated Namibia and De Beers on a ten-year contract for the sale of rough diamonds.
"Given the above, the Minister supported Hamutenya, allowing it temporarily to perform tasks in Namdia Then the board will form the requirements for a new permanent director of the company.", - the newspaper said.
Kandzhoze also said that in September Namdia received the first right to buy diamonds from Namibia Diamond Trading Company (NDTC).
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Minister for Mines and Energy of Namibia vow Kandzhoze (Obeth Kandjoze) said in an interview with the Namibian newspaper that Namdia operations were started April 18, 2016, and the current Diamond Commissioner Kennedy Hamutenya Namibia (Kennedy Hamutenya) became its CEO.
Namdia, fully owned by the state, was established as a joint venture between the official Windhoek and De Beers at the beginning of 2016.
The company will be a public authority for the sale and marketing of diamonds.
Kandzhoze noted that Hamutenya eating experience in the diamond industry. He negotiated Namibia and De Beers on a ten-year contract for the sale of rough diamonds.
"Given the above, the Minister supported Hamutenya, allowing it temporarily to perform tasks in Namdia Then the board will form the requirements for a new permanent director of the company.", - the newspaper said.
Kandzhoze also said that in September Namdia received the first right to buy diamonds from Namibia Diamond Trading Company (NDTC).
https://pearlgiftjewelry.blogspot.ca/
Rio Tinto, one of the world's largest mining companies, announced an increase in diamond production in the third quarter, which was more than 3% higher than a year ago.
Extraction at Argyle mine (Argyle) increased by 3% during the first 9 months, up to 10.37 million carats, and the mine Diavik (Diavik) is increased by 2%, to 3.0 million carats. Total for the first 9 months of 2016 Rio production rose to 13.37 million carats.
According to the company, at the Argyle diamond production growth is associated with increased production from the underground mine due to an increase in the processing of rock. In part, this increase in production due to lower diamond content in the rock. At the Diavik diamond production in the third quarter slightly decreased, which was due to a lower content of diamonds, but offset by higher ore availability.
Common performance indicators Rio Tinto in the third quarter amounted to 4.40 million carats, which is 3.4% higher than in the same period in 2015. Extraction at Argyle decreased by 1% in the same period, up to 3.49 million carats, and Diavik - increased by 22% to 0.92 million carats.
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Extraction at Argyle mine (Argyle) increased by 3% during the first 9 months, up to 10.37 million carats, and the mine Diavik (Diavik) is increased by 2%, to 3.0 million carats. Total for the first 9 months of 2016 Rio production rose to 13.37 million carats.
According to the company, at the Argyle diamond production growth is associated with increased production from the underground mine due to an increase in the processing of rock. In part, this increase in production due to lower diamond content in the rock. At the Diavik diamond production in the third quarter slightly decreased, which was due to a lower content of diamonds, but offset by higher ore availability.
Common performance indicators Rio Tinto in the third quarter amounted to 4.40 million carats, which is 3.4% higher than in the same period in 2015. Extraction at Argyle decreased by 1% in the same period, up to 3.49 million carats, and Diavik - increased by 22% to 0.92 million carats.
http://traditionpearlnecklace.blogspot.ca/
All India Federation of dealers in precious stones and jewelery (All India Gem & Jewellery Traders Federation , GJF) expresses concern about the rate of tax on goods and services (Goods and Services Tax, GST) to 4%. She suggested the authorities to lower the rate to 1.25% for the jewelry segment. GJF urged to enter the minimum rates, even though the convening of an emergency three-day meeting of the Board of GST.
The Indian government plans to replace the excise tax rate GST. In turn, GJF offered advice on the GST to consider levying of excise duty on non-organized the industry of gems and jewelry.
GV Sridhar (GV Sreedhar), chairman of GJF, said: "Gold is a very sensitive product and can not be taxed at the higher levels While the jewelry industry is currently preparing for the upcoming era of GST, the proposed tax rate. 4% will inhibit the growth of the industry and turn it into the informal economy. There is a precedent for the collection of VAT in the past, and after 1 percent excise tax was the highest rate, which the government of the taxable jewelry enterprises. Therefore GJF suggested that GS T for the industry of precious stones and jewelery should stay at the level of 1.25%, if the government wants to achieve organization of the industry. "
He also added that GJF send a representative to the government council tax this week. This again shows the various problems of the sector.
Ashok Minavala (Ashok Minawala), a member of the GJF high-level Committee on Excise, said that the small jewelers have been exempted from payment of excise duty.
"So, while we welcome the initiative of the tax, we ask for advice on GST recognize the practical issues faced by the sector, as highlighted in the Committee's report before taking any decision", - he added.
http://royalpearljewelry.blogspot.ca/
The Indian government plans to replace the excise tax rate GST. In turn, GJF offered advice on the GST to consider levying of excise duty on non-organized the industry of gems and jewelry.
GV Sridhar (GV Sreedhar), chairman of GJF, said: "Gold is a very sensitive product and can not be taxed at the higher levels While the jewelry industry is currently preparing for the upcoming era of GST, the proposed tax rate. 4% will inhibit the growth of the industry and turn it into the informal economy. There is a precedent for the collection of VAT in the past, and after 1 percent excise tax was the highest rate, which the government of the taxable jewelry enterprises. Therefore GJF suggested that GS T for the industry of precious stones and jewelery should stay at the level of 1.25%, if the government wants to achieve organization of the industry. "
He also added that GJF send a representative to the government council tax this week. This again shows the various problems of the sector.
Ashok Minavala (Ashok Minawala), a member of the GJF high-level Committee on Excise, said that the small jewelers have been exempted from payment of excise duty.
"So, while we welcome the initiative of the tax, we ask for advice on GST recognize the practical issues faced by the sector, as highlighted in the Committee's report before taking any decision", - he added.
http://royalpearljewelry.blogspot.ca/
The total volume of sales of jewelry and jewelry watches in the US market grew by approximately 2.7% in August to $ 5.8 billion, show the preliminary data of the US Department of Commerce, which leads IDEX Online reported.
This increase was in line with expectations IDEX Online Research analysts predict that jewelry sales will increase by 3% or so in the second half.
After two months of very weak sales in August sales of specialty jewelers are estimated at $ 2.2 billion in the US market, their growth was 2.4%, while that of other multi-channel retailers that sell jewelry, sales amounted to about $ 3, 6 billion, an increase of 2.9%.
Separately, jewelry sales in August rose by about 2.7%, while sales of jewelery watches - by 2.4%.
In general, retail sales of all goods, except for vehicles, in August showed an increase of 2.5%.
These trends promise a good performance in the most important upcoming holiday sales season in November and December.
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This increase was in line with expectations IDEX Online Research analysts predict that jewelry sales will increase by 3% or so in the second half.
After two months of very weak sales in August sales of specialty jewelers are estimated at $ 2.2 billion in the US market, their growth was 2.4%, while that of other multi-channel retailers that sell jewelry, sales amounted to about $ 3, 6 billion, an increase of 2.9%.
Separately, jewelry sales in August rose by about 2.7%, while sales of jewelery watches - by 2.4%.
In general, retail sales of all goods, except for vehicles, in August showed an increase of 2.5%.
These trends promise a good performance in the most important upcoming holiday sales season in November and December.
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Export Promotion Council of precious stones and jewelery (Gem & Jewellery Export Promotion Council, GJEPC) of India called on the authorities to free the jewelry industry by a new tax on goods and services (Goods and Services Tax, GST) , proposing instead to set a minimum rate for the industry tax 0 - 1.25% depending on the type of product.
Presentation of the GJEPC, made on the eve of the decisive meeting of the GST Council, stresses that the tax exemption would help the industry remain competitive in the global market and a leading position in the world, while the lowest GST rate of 1.25% of the sales in the domestic jewelry market It will be neutral in terms of government revenue and will increase the transparency and the payment of taxes in the jewelry industry.
Chairman GJEPC Pravinshankar Pandya (Praveenshankar Pandya) said at a press conference that the Council and the entire industry support the transition to a regime of tax on goods and services. According to him, the jewelry industry is making a significant contribution to the development of the country. In addition, in his opinion, when considering a new tax regime should take into account these factors. Jewelry segment also became for the authorities trusted exporter of goods, and therefore GJEPC participation in negotiations was focused on the story of the contribution of the Indian jewelry industry in the national economy under the new GST.
GJEPC representatives in the Council on GST offered to all raw materials such as diamonds, diamonds and colored gemstones, as well as services for their movement, which promotes export, have been fully exempted from the GST.
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Presentation of the GJEPC, made on the eve of the decisive meeting of the GST Council, stresses that the tax exemption would help the industry remain competitive in the global market and a leading position in the world, while the lowest GST rate of 1.25% of the sales in the domestic jewelry market It will be neutral in terms of government revenue and will increase the transparency and the payment of taxes in the jewelry industry.
Chairman GJEPC Pravinshankar Pandya (Praveenshankar Pandya) said at a press conference that the Council and the entire industry support the transition to a regime of tax on goods and services. According to him, the jewelry industry is making a significant contribution to the development of the country. In addition, in his opinion, when considering a new tax regime should take into account these factors. Jewelry segment also became for the authorities trusted exporter of goods, and therefore GJEPC participation in negotiations was focused on the story of the contribution of the Indian jewelry industry in the national economy under the new GST.
GJEPC representatives in the Council on GST offered to all raw materials such as diamonds, diamonds and colored gemstones, as well as services for their movement, which promotes export, have been fully exempted from the GST.
http://bridalpearlnecklace.blogspot.ca/
the largest in the world in terms of diamond production, announces that a working meeting of president Andrew Zharkov with the chairman of the administrative council of the Angolan national diamond mining company Endiama Antoniu Karlushem sumbul (António Carlos Sumbula).
The sides exchanged views on a wide range of issues of bilateral cooperation.
Alrosa is the co-founder of the Mining Company "Catoca» (Catoca) (share in the authorized capital - 32.8%). "Catoca" mining diamonds in the province of Lunda Sul, in the Republic of Angola.
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The sides exchanged views on a wide range of issues of bilateral cooperation.
Alrosa is the co-founder of the Mining Company "Catoca» (Catoca) (share in the authorized capital - 32.8%). "Catoca" mining diamonds in the province of Lunda Sul, in the Republic of Angola.
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DiamondCorp reported that in addition to trying to get financing, it will conduct a wide-ranging review of its assets in South Africa for possible consolidation or sale.
DiamondCorp suspended last week because of a fire underground work in a diamond mine Lace (Lace) in South Africa, but diamond mining has recently been renewed.
The company said that it is looking for additional funding in the near future on the total amount of £ 500,000 to meet immediate financial obligations and to continue the diamond trade in the foreseeable future. However, a third party with which there was a preliminary agreement on the financing of the company, withdrew from the negotiations because of the fall in share prices miners.
The company plans to raise additional capital and / or debt from one or more parties in the amount of £ 2.5 million - £ 3.0 million in the short term to meet the anticipated needs of the cash required to finance the operations up to industrial production and achieve positive cash flow from operations.
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DiamondCorp suspended last week because of a fire underground work in a diamond mine Lace (Lace) in South Africa, but diamond mining has recently been renewed.
The company said that it is looking for additional funding in the near future on the total amount of £ 500,000 to meet immediate financial obligations and to continue the diamond trade in the foreseeable future. However, a third party with which there was a preliminary agreement on the financing of the company, withdrew from the negotiations because of the fall in share prices miners.
The company plans to raise additional capital and / or debt from one or more parties in the amount of £ 2.5 million - £ 3.0 million in the short term to meet the anticipated needs of the cash required to finance the operations up to industrial production and achieve positive cash flow from operations.
http://traditionpearlnecklace.blogspot.ca/
The organizers of the 34 th in a row of the September fair gems and jewelry in Hong Kong (Hong Kong Jewellery & Gem Fair) reported that the event attracted 55,768 buyers from 147 countries and regions. Also on the show was attended by 3,615 exhibitors from 55 countries and regions. The exhibition was completed on 19 September.
As noted in the UBM Asia, the organizer of the event, about 30% of the visitors were residents of Hong Kong, and the rest came from various countries, including the Chinese mainland. The number of visitors from countries such as India, Belgium, United Kingdom, Australia, Myanmar and Japan, increased compared with the previous year.
Celine Lau (Celine Lau), director of jewelery fairs UBM Asia, said that the flow of visitors is encouraging. Demand was mainly to large precious stones, pearls from the South China Sea, finished jewelry, tools, packaging and equipment.
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As noted in the UBM Asia, the organizer of the event, about 30% of the visitors were residents of Hong Kong, and the rest came from various countries, including the Chinese mainland. The number of visitors from countries such as India, Belgium, United Kingdom, Australia, Myanmar and Japan, increased compared with the previous year.
Celine Lau (Celine Lau), director of jewelery fairs UBM Asia, said that the flow of visitors is encouraging. Demand was mainly to large precious stones, pearls from the South China Sea, finished jewelry, tools, packaging and equipment.
http://royalpearljewelry.blogspot.ca/
Russian President Vladimir Putin and Indian Prime Minister Narendra Modi in a joint statement welcomed initiatives aimed at the development of relations in the diamond industry, the Kremlin press service said.
"The sides gave a positive assessment of the special customs zone within the Mumbai Diamond Exchange, noting the active support of the project on the part of" ALROSA ", including the holding of regular trading rough diamonds," - said in a statement.
In addition, the document stresses the importance of further development of the mechanisms and conditions of operation of the special customs zone and noted the increasing number of companies in the Russian-Indian the diamond trade.
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"The sides gave a positive assessment of the special customs zone within the Mumbai Diamond Exchange, noting the active support of the project on the part of" ALROSA ", including the holding of regular trading rough diamonds," - said in a statement.
In addition, the document stresses the importance of further development of the mechanisms and conditions of operation of the special customs zone and noted the increasing number of companies in the Russian-Indian the diamond trade.
http://pearlsgift.blogspot.ca/
DiamondCorp, suspended because of the fire underground work in the diamond mine Lace (Lace) in South Africa, said that production resumed diamonds.
However, a third party with which there was a preliminary agreement on the financing of the company, withdrew from the negotiations because of the fall in share prices miners.
The company planned to raise additional capital and / or debt from one or more parties in the amount of £ 2.5 million - £ 3.0 million in the short term to meet the anticipated needs of the cash required to finance the works until the release of industrial production and the achievement of positive cash flow from operations.
"The financial impact of the loss of four days of diamond as a result of the decision to suspend the operation of the mine managed to minimize thanks to postpone scheduled maintenance In addition, production from the mine in the current month exceed the planned level at the time of suspension of production.
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However, a third party with which there was a preliminary agreement on the financing of the company, withdrew from the negotiations because of the fall in share prices miners.
The company planned to raise additional capital and / or debt from one or more parties in the amount of £ 2.5 million - £ 3.0 million in the short term to meet the anticipated needs of the cash required to finance the works until the release of industrial production and the achievement of positive cash flow from operations.
"The financial impact of the loss of four days of diamond as a result of the decision to suspend the operation of the mine managed to minimize thanks to postpone scheduled maintenance In addition, production from the mine in the current month exceed the planned level at the time of suspension of production.
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