The fact that prices for rough diamonds will increase in the short term will not be doubted by almost all professional participants of the diamond market. However, no one dares to give an accurate forecast - how the price will grow depending on the quality of the raw materials. Analysts and representatives of large companies prefer to limit themselves to general formulations, like recently expressed by representatives of Rio Tinto that "between 2008 and 2016, the demand for diamonds will significantly exceed the supply." Meanwhile, the polished diamond market in the second quarter of 2008 has already shown a curious trend: the prices for large diamonds with high characteristics increased sharply (from 10% to 15% for stones of excellent grade with weight from 1 to 3 carats and above), and small diamonds remained Practically unchanged. Looks like,
There are at least three serious factors suggesting that in the foreseeable future it will be possible to observe an exponential increase in prices - but only for large-scale high-quality raw materials, but the fate of the "Indian product" seems unenviable. Among such factors are the following:
- The processes of vertical integration in the industry continue to develop, practically all major producers of raw materials: De Beers, ALROSA, Rio Tinto, Harry Winston Diamond Corporation (formerly Aber Diamond Corporation), Leviev Group are working to promote their own diamond products made from the highest quality raw materials controlled They deposits, so the supply of this raw material on the market decreases;
- the share of small-sized low-quality raw materials in the section of current extraction of the main indigenous deposits increases;
- Dealers working with the "Indian goods" created a huge speculative bubble - an uncontrolled runoff, roughly equal to the world's annual production of raw materials of this class. Lobbyist efforts of dealers allowed to get bank loans for these diamonds, and money went to branches that are more attractive than lapidary. Analysts of financial markets give a rather negative forecast for the development of leading US banks for the second half of 2008 - their shares are falling rapidly against the backdrop of soaring oil prices and depressing information from the US labor market. Of course, this process can not but affect the banks of India and South-East Asia, forced like their American counterparts to get rid of "bad" loans and unreliable assets. Therefore, the probability that in the autumn the diamond pledge will be thrown out on the market and the prices for "
Against this background, events in the Russian diamond market are very noteworthy. ALROSA is in no hurry to hold a traditional auction for diamonds weighing more than 10.8 carats, obviously waiting for the moment when prices reach another historic high. And on May 26, 2008, Russian President Dmitry Medvedev signed Decree No. 848 "On Amendments to the Regulations on the Diamond Fund of the Russian Federation ...". Changes are made only in two sub-items, but their meaning significantly changes the practice of trade in rough diamonds in Russia and reflects the main trend of the global diamond market for a sharp rise in price of high-quality raw materials.
http://rough-polished.com/ru/analytics/16525.html
Showing posts with label diamonds. Show all posts
Showing posts with label diamonds. Show all posts
Thursday, August 3, 2017
De Beers, which usually could maintain high prices for diamonds, limiting their supply
After more than two decades, diamond prices have experienced unceasing growth amid strong demand, the global diamond business is now experiencing difficulties along with other luxury industries, the International Herald Tribune reported . However, the diamond industry is different from other industries that produce goods from the luxury category, in that it depends on a single product. And this product is no longer under the control of the company De Beers, which usually could maintain high prices for diamonds, limiting their supply.
Hopes that the richer India and China will be able to fill the fall in demand were crossed out as soon as the recession reached Asia, causing the prices for diamonds to slide down by about 30% compared to their peak last August.
De Beers, in which mining giant Anglo American owns 45 percent of the shares, itself controls about 40% of the diamond market. In January of this year, De Beers said that by April it will cut production of rough diamonds by almost 50%.
The De Beers division recently placed on the shelf a deal to acquire a half stake in the Russian diamond mining company due to the financial crisis; Another daughter, De Beers, recently terminated a production agreement at a mine in South Africa.
Difficulties experienced by other diamond producers. ALROSA, the Russian state-owned company that produces diamonds, sharply declined in December last year due to falling demand.
However, the seeds of the current turmoil in the diamond industry were sown before the economic crisis, due to the fact that the producers of these precious stones accumulated large stocks of them and climbed into excessive debts.
The immediate outlook for the industry may look bleak, but some analysts argue that once the excessive amount of diamonds produced passes through the system, prices will recover. If new deposits of diamonds are not discovered, Tacy expert Haim Even-Zohar believes, the newly mined diamonds in the world will end in 20 years.
As soon as demand is restored, any shortage of diamonds will force prices to move up and force them to resume mining of these stones. "The long-term prospects look good," Haim Even-Zohar points out. "However, in the near future, countries and their people will experience difficult times."
http://rough-polished.com/ru/analytics/23250.html
Hopes that the richer India and China will be able to fill the fall in demand were crossed out as soon as the recession reached Asia, causing the prices for diamonds to slide down by about 30% compared to their peak last August.
De Beers, in which mining giant Anglo American owns 45 percent of the shares, itself controls about 40% of the diamond market. In January of this year, De Beers said that by April it will cut production of rough diamonds by almost 50%.
The De Beers division recently placed on the shelf a deal to acquire a half stake in the Russian diamond mining company due to the financial crisis; Another daughter, De Beers, recently terminated a production agreement at a mine in South Africa.
Difficulties experienced by other diamond producers. ALROSA, the Russian state-owned company that produces diamonds, sharply declined in December last year due to falling demand.
However, the seeds of the current turmoil in the diamond industry were sown before the economic crisis, due to the fact that the producers of these precious stones accumulated large stocks of them and climbed into excessive debts.
The immediate outlook for the industry may look bleak, but some analysts argue that once the excessive amount of diamonds produced passes through the system, prices will recover. If new deposits of diamonds are not discovered, Tacy expert Haim Even-Zohar believes, the newly mined diamonds in the world will end in 20 years.
As soon as demand is restored, any shortage of diamonds will force prices to move up and force them to resume mining of these stones. "The long-term prospects look good," Haim Even-Zohar points out. "However, in the near future, countries and their people will experience difficult times."
http://rough-polished.com/ru/analytics/23250.html
Diamond business is a very serious sector of the economy
The recent decision of the Government of Flanders to support the Belgian diamond industry was already the third similar action on the world market after Russia and Angola. For those subjects of the market in which the diamond business is a very serious sector of the economy and who at one time delegated some of their opportunities to regulate the market to a global monopolist - De Beers, objectively there is no other choice. Even absolutely loyal De Beers countries, such as Botswana, have expressed a desire to increase the cost of their participation in implementing anti-crisis solutions from the national budget through increasing their share in the share capital of the diamond corporation.
State guarantees are a tool to support the industry with a relatively high production cost in the countries of extraction of rough diamonds and to preserve the role of the traditional diamond center of Antwerp. That is, in fact, participants in the market of rough diamonds, located on different sides of the pipeline, came up with similar initiatives in the interests of preserving the market and freeing it from speculative ballast.
How can this affect the prospects for the development of the market?
It is obvious that state guarantees require banks themselves to understand the creditworthiness and stability of their clients' business for a long enough perspective. This, in turn, stimulates non-speculative market participants to secure bank guarantees of their future that are sufficiently firm for banks, and such long-term contracts with extractive companies are such guarantees. No abilities and talents of working on the open market of raw materials are sufficient grounds for the bank's credit committee. The legal obligations of the raw material producer are guaranteed by the potential borrower.
http://rough-polished.com/ru/analytics/26438.html
State guarantees are a tool to support the industry with a relatively high production cost in the countries of extraction of rough diamonds and to preserve the role of the traditional diamond center of Antwerp. That is, in fact, participants in the market of rough diamonds, located on different sides of the pipeline, came up with similar initiatives in the interests of preserving the market and freeing it from speculative ballast.
How can this affect the prospects for the development of the market?
It is obvious that state guarantees require banks themselves to understand the creditworthiness and stability of their clients' business for a long enough perspective. This, in turn, stimulates non-speculative market participants to secure bank guarantees of their future that are sufficiently firm for banks, and such long-term contracts with extractive companies are such guarantees. No abilities and talents of working on the open market of raw materials are sufficient grounds for the bank's credit committee. The legal obligations of the raw material producer are guaranteed by the potential borrower.
http://rough-polished.com/ru/analytics/26438.html
Friday, June 16, 2017
DiamondCorp decided to terminate the formal process of selling its project Lace (Lace) in South Africa, and will continue to explore alternative means to enhance shareholder value in the normal course of business.
The company has entered into negotiations with a number of third parties and has received some tentative proposals for the purchase of assets.
However, in DiamondCorp said that the proposals received from the third parties, carried opportunist character and significantly undervalues the company.
DiamondCorp previously received a loan of £ 700,000 from the company Rasmala, a leading investment manager, who is also a shareholder of the company.
Funds received as part of credit will be used for the implementation of urgent financial obligations and to continue the diamond trade in the foreseeable future.
The company noted that the Lace mine, regardless of possible delays during its start-up still contains diamond resources in the order of 9.39 million carats at a market value of more than $ 1.5 billion.
http://feeds.feedburner.com/PearlJewelryCeleb
The company has entered into negotiations with a number of third parties and has received some tentative proposals for the purchase of assets.
However, in DiamondCorp said that the proposals received from the third parties, carried opportunist character and significantly undervalues the company.
DiamondCorp previously received a loan of £ 700,000 from the company Rasmala, a leading investment manager, who is also a shareholder of the company.
Funds received as part of credit will be used for the implementation of urgent financial obligations and to continue the diamond trade in the foreseeable future.
The company noted that the Lace mine, regardless of possible delays during its start-up still contains diamond resources in the order of 9.39 million carats at a market value of more than $ 1.5 billion.
http://feeds.feedburner.com/PearlJewelryCeleb
President of the Israel Diamond Exchange (Israel Diamond Exchange, IDE) Yoram u'Dvash (Yoram Dvash) met with Anupam Agarwal (Anup Agarwal), President of the Japan auction house (Japan Auction House, JAH), to mark the opening of its branch in the IDE building, according to a press Exchange fixing release.
JAH, which is a subsidiary of Rich Diamonds, buying second-hand diamonds in Japan for sale at auction, currently held in Japan and Hong Kong.
IDE President said during the reception in honor of Agarwal that he was happy to welcome JAH building in the Israel Diamond Exchange. "I think it's the perfect place for conducting auctions We look forward to working with you and hope to see you every month you will see that the Israeli diamantaires -.. Very good customers for your auctions," - he said.
Agarwal said: "The idea of opening JAH offices in Israel to build a foundation for business cooperation in the long term, we will bring innovation to Israel from Japan Prices, of course, there is lower We are confident that it will be a win-win situation for all of us...."
http://feeds.feedburner.com/GiftJewelryPearl
Initiatives taken by the Council to promote the export of precious stones and jewelery (Gem & Jewellery Export Promotion Council, GJEPC) of India to identify undisclosed synthetic diamonds in lots of natural stones, have been highly appreciated by more than 200 members of the US summit Jewelery Council (US Jewelry Council, USJC ). The summit was held on November 1 reported gjepc.org portal.
In his speech, Sabyasachi Ray (Sabyasachi Ray), executive director of the GJEPC, spoke about the measures that have been taken by the Committee for monitoring of natural diamonds (Natural Diamond Monitoring Committee, NDMC) and other trade organizations in India a few years ago. Ray recalled regular awareness-raising campaigns conducted by GJEPC among diamond manufacturers, and among retail jewelers, and also talked about the statements to be made by members of trade organizations, in order to separate these two types of products, and on cooperation with the government in the direction of creating a separate product codes for natural and synthetic diamonds. He said the need to create research centers to detect synthetics in Mumbai and Surat. Moreover, Ray stopped and the newly developed inexpensive device for the rapid verification artificial diamond creates CVD method.
GJEPC The presentation was also focused on the fact that all parties involved in the diamond industry must ensure the compatibility of policies, actions and resources to support the creation of low-cost devices to verify diamonds.
Ray finished his speech calling on all industry participants to stop the practice of mixing undisclosed synthetic diamonds with natural stones, and increase consumer confidence in natural diamonds.
http://feeds.feedburner.com/PearlJewelries
In his speech, Sabyasachi Ray (Sabyasachi Ray), executive director of the GJEPC, spoke about the measures that have been taken by the Committee for monitoring of natural diamonds (Natural Diamond Monitoring Committee, NDMC) and other trade organizations in India a few years ago. Ray recalled regular awareness-raising campaigns conducted by GJEPC among diamond manufacturers, and among retail jewelers, and also talked about the statements to be made by members of trade organizations, in order to separate these two types of products, and on cooperation with the government in the direction of creating a separate product codes for natural and synthetic diamonds. He said the need to create research centers to detect synthetics in Mumbai and Surat. Moreover, Ray stopped and the newly developed inexpensive device for the rapid verification artificial diamond creates CVD method.
GJEPC The presentation was also focused on the fact that all parties involved in the diamond industry must ensure the compatibility of policies, actions and resources to support the creation of low-cost devices to verify diamonds.
Ray finished his speech calling on all industry participants to stop the practice of mixing undisclosed synthetic diamonds with natural stones, and increase consumer confidence in natural diamonds.
http://feeds.feedburner.com/PearlJewelries
Trans Hex, which owns operations in diamond mining in South Africa and Angola, reported a net profit of 32.5 million rand ($ 2.4 million) for the six months to September 30, 2016 compared with a loss of 32.5 million rand in the same period a year earlier.
The company said that sales revenue from its South African business increased by 2.5% - to 268.7 million rand ($ 19.9 million) to 275.3 million rand ($ 20.4 million).
The average price of diamonds rose by 10.4% due to the increase in world prices and demand.
In addition, a positive impact on the sales volume had a depreciation of the rand against the US dollar by 15.4%. However, in terms of carats, the company sold 19.6% fewer diamonds.
Trans Hex Mining in South Africa fell by 20.6% to 18,997 carats against 23,940 carats a year earlier. It is, however, consistent with the new operating model of the company, which included the inclusion of plants in the lower reaches of the Orange River (Lower Orange River) in February 2016 to increase them to the maximum possible term of life cycle.
The Trans Hex also noted that the 2017 financial year, production will be about 80 000 carats against 24,930 carats a year earlier.
In Angola, production at the mine Somiluana (Somiluana), in which Trans Hex holds a 33% stake, increased to 91,033 carats against 67,981 carats last year.
The company's sales in Angola amounted to $ 32.5 million at an average price of $ 477 per carat compared with $ 20.2 million at an average price of $ 300 per carat in 2015.
Also said earlier that the Competition Commission of South Africa unreservedly endorsed the proposal for the purchase of all shares of common stock of the company made by the TransHex Cream Magenta and Metcap, except for that portion which is already owned by these buyers.
The consortium offered Faced with the difficulties of the diamond company JUNIOR 3.94 rand a share, or 117 million rand (about $ 8 million) for all shares.
http://feeds.feedburner.com/ClassicalPearl
The company said that sales revenue from its South African business increased by 2.5% - to 268.7 million rand ($ 19.9 million) to 275.3 million rand ($ 20.4 million).
The average price of diamonds rose by 10.4% due to the increase in world prices and demand.
In addition, a positive impact on the sales volume had a depreciation of the rand against the US dollar by 15.4%. However, in terms of carats, the company sold 19.6% fewer diamonds.
Trans Hex Mining in South Africa fell by 20.6% to 18,997 carats against 23,940 carats a year earlier. It is, however, consistent with the new operating model of the company, which included the inclusion of plants in the lower reaches of the Orange River (Lower Orange River) in February 2016 to increase them to the maximum possible term of life cycle.
The Trans Hex also noted that the 2017 financial year, production will be about 80 000 carats against 24,930 carats a year earlier.
In Angola, production at the mine Somiluana (Somiluana), in which Trans Hex holds a 33% stake, increased to 91,033 carats against 67,981 carats last year.
The company's sales in Angola amounted to $ 32.5 million at an average price of $ 477 per carat compared with $ 20.2 million at an average price of $ 300 per carat in 2015.
Also said earlier that the Competition Commission of South Africa unreservedly endorsed the proposal for the purchase of all shares of common stock of the company made by the TransHex Cream Magenta and Metcap, except for that portion which is already owned by these buyers.
The consortium offered Faced with the difficulties of the diamond company JUNIOR 3.94 rand a share, or 117 million rand (about $ 8 million) for all shares.
http://feeds.feedburner.com/ClassicalPearl
The Israeli diamond industry is hoping for positive results of the exhibition of the Hong Kong Jewelry Manufacturers Association (Jewellery Manufacturers Association of Hong Kong, HKJMA), which will take place 24 - 27 November in Hong Kong, says the IDI.
This year, the Israeli Diamond Pavilion, organized by the group of companies "Israel Diamond Institute" (Israel Diamond Institute Group of Companies , IDI), will be represented by 27 companies, 6 of them are involved in the show for the first time.
IDI Chairman Shmuel Schnitzer (Shmuel Schnitzer) said that he has a cautious optimism about the show. "We have seen a revival in the last show in Hong Kong in September, I believe that Asian markets are restored, and that the trend is positive In addition, the time before the holiday season are suitable, so we hope for a good outcome of the show.." - he said, .
IDI will once again be a sponsor of the 28th anniversary dinner HKJMA November 24, which draws local celebrities and HKJMA members and exhibitors. IDI Managing Director Eli Avidar (Eli Avidar) also expressed a positive outlook on the show. "Asia is a strategic market for us, and although it has been some slowing, there are signs of a gradual recovery," - he said.
http://feedbucket.com/?src=http%3A%2F%2Ffeeds.feedburner.com%2FGiftJewelry
This year, the Israeli Diamond Pavilion, organized by the group of companies "Israel Diamond Institute" (Israel Diamond Institute Group of Companies , IDI), will be represented by 27 companies, 6 of them are involved in the show for the first time.
IDI Chairman Shmuel Schnitzer (Shmuel Schnitzer) said that he has a cautious optimism about the show. "We have seen a revival in the last show in Hong Kong in September, I believe that Asian markets are restored, and that the trend is positive In addition, the time before the holiday season are suitable, so we hope for a good outcome of the show.." - he said, .
IDI will once again be a sponsor of the 28th anniversary dinner HKJMA November 24, which draws local celebrities and HKJMA members and exhibitors. IDI Managing Director Eli Avidar (Eli Avidar) also expressed a positive outlook on the show. "Asia is a strategic market for us, and although it has been some slowing, there are signs of a gradual recovery," - he said.
http://feedbucket.com/?src=http%3A%2F%2Ffeeds.feedburner.com%2FGiftJewelry
The company Stellar Diamonds has entered into joint venture agreements with Citigate Commodities Trading in Dubai for kimberlite project Baul (Baoulé) in Guinea, as well as two licensed projects at an early stage of development and exploration in western Liberia.
The company currently owns a 75 percent stake in the project Baule, and it is wholly owned by the project in Liberia.
Executive Director of Stellar Karl Smithson (Karl Smithson) said that he would manage the programs at least at the first stage of the work, which was scheduled for the end of November.
"It is important to note that these joint ventures will allow Stellar management team to focus on the proposed transaction on the project Tongo Tonguma (Tongo-Tonguma) in Sierra Leone, which, in our opinion, has considerable potential", - said Smithson.
"Joint project Tongo Tonguma demonstrated robust economic performance in the preliminary economic assessment is expected that the current valuation of the mine life cycle proceeds from the project will be about $ 1.5 billion.", - he concluded.
http://feedbucket.com/?src=http%3A%2F%2Ffeeds.feedburner.com%2FPearlJeweller
The company currently owns a 75 percent stake in the project Baule, and it is wholly owned by the project in Liberia.
Executive Director of Stellar Karl Smithson (Karl Smithson) said that he would manage the programs at least at the first stage of the work, which was scheduled for the end of November.
"It is important to note that these joint ventures will allow Stellar management team to focus on the proposed transaction on the project Tongo Tonguma (Tongo-Tonguma) in Sierra Leone, which, in our opinion, has considerable potential", - said Smithson.
"Joint project Tongo Tonguma demonstrated robust economic performance in the preliminary economic assessment is expected that the current valuation of the mine life cycle proceeds from the project will be about $ 1.5 billion.", - he concluded.
http://feedbucket.com/?src=http%3A%2F%2Ffeeds.feedburner.com%2FPearlJeweller
Titan Co Ltd., a subsidiary of the Tata Group, which produces watches and jewelry, reported an increase in profit by 23.5% to $ 27.1 million in the second quarter of the current fiscal year compared to the same period last year. The growth was driven by an increase in margins, lower costs and sales during the holiday season. Titan's revenue slightly decreased, by 0.1%, to $ 399.8 million.
"It was a very good quarter for the company in respect of the profits. All the enterprises of the company registered revenue growth in the reporting quarter. The jewelry business showed activation of jewelry sales with precious stones, and hour division began selling their second smart watch JUXT Pro ", - said Bhaskar Bhat (Bhaskar Bhat), Managing Director of Titan.
In early October, Titan warned that sales of jewelry with precious stones exceeded expectations in the quarter ended in September, but volatile gold prices and low consumer confidence had a negative impact on sales of gold jewelry. This perhaps explains why the income from the jewelry segment of companies operating under the brand Tanishq, grew by only 0.24% in the third quarter year on year to $ 298.75 million. Revenue from this segment, as a rule, is the major share of the total sales.
"During the holiday period from Dussehra to Diwali Tanishq has registered an increase of 39% compared to last year", - concluded Bhat.
http://feedbucket.com/?src=http%3A%2F%2Ffeeds.feedburner.com%2FRoyalPearls
"It was a very good quarter for the company in respect of the profits. All the enterprises of the company registered revenue growth in the reporting quarter. The jewelry business showed activation of jewelry sales with precious stones, and hour division began selling their second smart watch JUXT Pro ", - said Bhaskar Bhat (Bhaskar Bhat), Managing Director of Titan.
In early October, Titan warned that sales of jewelry with precious stones exceeded expectations in the quarter ended in September, but volatile gold prices and low consumer confidence had a negative impact on sales of gold jewelry. This perhaps explains why the income from the jewelry segment of companies operating under the brand Tanishq, grew by only 0.24% in the third quarter year on year to $ 298.75 million. Revenue from this segment, as a rule, is the major share of the total sales.
"During the holiday period from Dussehra to Diwali Tanishq has registered an increase of 39% compared to last year", - concluded Bhat.
http://feedbucket.com/?src=http%3A%2F%2Ffeeds.feedburner.com%2FRoyalPearls
DiamondCorp received additional funding of £ 300,000 as funding from Rasmala, which owns a 11.6 percent stake in diamond miner.
Last month DiamondCorp received at Rasmala loan of £ 700 000.
Earlier DiamondCorp is considering the sale of its diamond mine Lace (Lace), but then this week it abandoned the plan, saying that the proposals received significantly underestimated the project.
At the same time, the company said production at Lace continued in accordance with the company's expectations. As expected, on Wednesday 5,000 carats of diamonds from waste companies have been turning to the security deposit for loan collateral issued by Rasmala.
Processing volume breed in the current month according to the schedule must exceed 15 000 tonnes, and evaluation of diamond content in the rock for November so far is 29 carats per hundred tonnes, the company said.
http://feedbucket.com/?src=http%3A%2F%2Ffeeds.feedburner.com%2FWeddingPearls
Last month DiamondCorp received at Rasmala loan of £ 700 000.
Earlier DiamondCorp is considering the sale of its diamond mine Lace (Lace), but then this week it abandoned the plan, saying that the proposals received significantly underestimated the project.
At the same time, the company said production at Lace continued in accordance with the company's expectations. As expected, on Wednesday 5,000 carats of diamonds from waste companies have been turning to the security deposit for loan collateral issued by Rasmala.
Processing volume breed in the current month according to the schedule must exceed 15 000 tonnes, and evaluation of diamond content in the rock for November so far is 29 carats per hundred tonnes, the company said.
http://feedbucket.com/?src=http%3A%2F%2Ffeeds.feedburner.com%2FWeddingPearls
The De Beers noted that its unit sales by auction of diamonds offer other cutting and polishing companies to sell certain types of stones through the auction platform miners.
New limited pilot program for interaction of business was a continuation of a similar project recently submitted earlier for diamond producers.
"Testing new ideas in pilot projects, such as this one, is an important part of this process, and we look forward to how the diamond business will react to the expansion of business opportunities with third parties. Once we get the initial feedback, we will decide if there whether sufficient demand for the continuation of this program, "- said the executive vice-president of the De Beers at auction sales Neil Ventura (Neil Ventura).
"An important factor is that if we can offer the same level of confidence in the origin of the stone, which is the best in the industry. At the same time, thanks to our process of verification of origin, the establishment of counseling field with existing customers, we are confident that we can do this".
The company said that all diamonds offered for sale on an auction platform must pass a comprehensive three-step process of screening to identify synthetic and treated stones.
Ventura said that for the diamond auction program will be available for individual stones weighing more than five carats, and all the fancy colors.
http://feeds.feedburner.com/JewelryTradition
Export Promotion Council of precious stones and jewelery (Gem & Jewellery Export Promotion Council, GJEPC) is organizing a pavilion featuring leading Indian companies sector of precious stones and jewelery on Jewellery Arabia exhibition, which will take place from 22 to 26 November 2016 in the Exhibition the International Center Bahrain and conferences. Indian Pavilion, located in the second hall of the convention center will be the top 50 companies located on 750 square meters, according to the Council's press release.
Indian exhibitors are used to demonstrate the exquisite craftsmanship and jewelry collections, jewelry containing high-grade diamond.
Chairman GJEPC Pravinshankar Pandya (Praveenshankar Pandya) said: "The Middle East has become one of the key and major markets, the volume of which amounted to $ 12.4 billion in 2015. Indian masters have the advantage of preferences and sense of jewelry designs in the Middle East and India are very similar.. This is confirmed by the fact that for many years there has been significant demand for Indian products. Jewellery Arabia gives us a great opportunity to further improve our trade with the region. "
https://twitter.com/pearlswap
Indian exhibitors are used to demonstrate the exquisite craftsmanship and jewelry collections, jewelry containing high-grade diamond.
Chairman GJEPC Pravinshankar Pandya (Praveenshankar Pandya) said: "The Middle East has become one of the key and major markets, the volume of which amounted to $ 12.4 billion in 2015. Indian masters have the advantage of preferences and sense of jewelry designs in the Middle East and India are very similar.. This is confirmed by the fact that for many years there has been significant demand for Indian products. Jewellery Arabia gives us a great opportunity to further improve our trade with the region. "
https://twitter.com/pearlswap
In the third quarter of 2016 year, production of diamonds belonging Gem Diamonds 70% Letšeng shaft (Letšeng) fell by 15% to 24,388 carats against 28,682 carats in the second quarter.
Mining also fell by 17% compared to the same period last year. In the third quarter of 2015 on the project 29 460 carats of diamonds were mined.
On Letšeng was processed a total of 1.4 million tonnes of ore during the period, 77% of which was obtained at the fundamental kimberlite pipe, and 23% - at adjacent.
The breed was processed at the contractor's facility.
At the same time, in Gem Diamonds said that during the sales period, three diamond tender was carried out, totaling 37,990 carats, sold for $ 61.5 million at an average price of $ 1619 per carat.
At the same date, the average price reached this year amounted to $ 1785 per carat. This is below the expectations of the company, which predicted a higher number of mined diamonds weighing over 100 carats.
"Prices for high quality diamonds from Letseng remained high, with 12 stones were sold for more than $ 1 million each, during the sales period," - said CEO Klifford Elfik (Clifford Elphick).
He added that there are encouraging signs for the detection of large diamonds project Ghaghu (Ghaghoo) Botswana as extraction moved at the site from Kimberlite rock having a high diamond content.
http://digg.com/u/jetjewelry
Mining also fell by 17% compared to the same period last year. In the third quarter of 2015 on the project 29 460 carats of diamonds were mined.
On Letšeng was processed a total of 1.4 million tonnes of ore during the period, 77% of which was obtained at the fundamental kimberlite pipe, and 23% - at adjacent.
The breed was processed at the contractor's facility.
At the same time, in Gem Diamonds said that during the sales period, three diamond tender was carried out, totaling 37,990 carats, sold for $ 61.5 million at an average price of $ 1619 per carat.
At the same date, the average price reached this year amounted to $ 1785 per carat. This is below the expectations of the company, which predicted a higher number of mined diamonds weighing over 100 carats.
"Prices for high quality diamonds from Letseng remained high, with 12 stones were sold for more than $ 1 million each, during the sales period," - said CEO Klifford Elfik (Clifford Elphick).
He added that there are encouraging signs for the detection of large diamonds project Ghaghu (Ghaghoo) Botswana as extraction moved at the site from Kimberlite rock having a high diamond content.
http://digg.com/u/jetjewelry
First Element Bvba Company announced a November tender in Antwerp diamonds located in the South African diamond mines Jagersfontein (Jagersfontein) and Rooipoort (Rooipoort).
Bidding will take place on the tender area of the Antwerp World Diamond Center (Antwerp World Diamond Centre, AWDC) from 21 to 25 November.
The tender will end at noon on November 25. The results will be announced immediately after its completion.
At the auction will be on display a wide range of products from the mines - from large stones to diamond parts (11, 9, 7, 5, 5), according to AWDC.
http://feeds.feedburner.com/WeddingPearls
Bidding will take place on the tender area of the Antwerp World Diamond Center (Antwerp World Diamond Centre, AWDC) from 21 to 25 November.
The tender will end at noon on November 25. The results will be announced immediately after its completion.
At the auction will be on display a wide range of products from the mines - from large stones to diamond parts (11, 9, 7, 5, 5), according to AWDC.
http://feeds.feedburner.com/WeddingPearls
For colored diamonds prices have continued to grow moderately in the third quarter of 2016, the same as in the second quarter. It is reported by Research Foundation fancy color diamonds (Fancy Color Research Foundation, FCRF) , referring to the analysis carried out by them.
According to the report the Fund during the year, data showed two opposite trends in pricing for the fancy colored diamonds. One of them talks about a rise in prices on the pink and blue diamonds due to the increase in demand, while the decline in prices was noted in the category of yellow diamonds. Prices of blue and pink diamonds in the third quarter increased by 1.2% and 0.5% respectively. Prices for yellow diamonds fell by 0.1% more than in the second quarter of this year. In general, prices in the category of fancy colored diamonds increased by 0.4% in the reporting period.
The report also said that the strongest price growth during the third quarter of 2016 showed a fancy vivid blue and pink fancy stones of all sizes, has risen in price by 6.7% and 3.1%, respectively. On the other hand, the decline in prices was recorded by 1-3% for all categories of yellow diamonds, including fancy, intense and bright stones. However, some bright yellow diamonds are round, pear and emerald facets have not experienced price declines.
In the 12 months ended in October 2016, the index of Fancy Color Diamond Index rose 0.9%, driven by higher prices for blue and pink diamonds by 3.2% and 1.7%, respectively, offset by a decrease in the price of yellow diamonds 1.6%.
http://feeds.feedburner.com/RoyalPearls
According to the report the Fund during the year, data showed two opposite trends in pricing for the fancy colored diamonds. One of them talks about a rise in prices on the pink and blue diamonds due to the increase in demand, while the decline in prices was noted in the category of yellow diamonds. Prices of blue and pink diamonds in the third quarter increased by 1.2% and 0.5% respectively. Prices for yellow diamonds fell by 0.1% more than in the second quarter of this year. In general, prices in the category of fancy colored diamonds increased by 0.4% in the reporting period.
The report also said that the strongest price growth during the third quarter of 2016 showed a fancy vivid blue and pink fancy stones of all sizes, has risen in price by 6.7% and 3.1%, respectively. On the other hand, the decline in prices was recorded by 1-3% for all categories of yellow diamonds, including fancy, intense and bright stones. However, some bright yellow diamonds are round, pear and emerald facets have not experienced price declines.
In the 12 months ended in October 2016, the index of Fancy Color Diamond Index rose 0.9%, driven by higher prices for blue and pink diamonds by 3.2% and 1.7%, respectively, offset by a decrease in the price of yellow diamonds 1.6%.
http://feeds.feedburner.com/RoyalPearls
Lucapa owned 40% diamond company Sociedade Mineira do Lulo (SML) sold 1,864 carats of diamonds from the Lulo Project (Lulo) in Angola for $ 8.3 million.
The average price of the stones was $ 4452 per carat.
Past auction yielded maximum revenue in all the diamonds from the Lulo tenders, excluding the sale of a 404-carat stone in February for $ 16 million.
Thus, Lucapa are continuing to observe strong demand for larger sizes of premium diamonds mined at its diamond project.
Since the beginning of this year, the sale of diamonds from the Lulo has brought the company $ 44.8 million, and the average price was $ 3132 per carat.
New bids must pass before the end of this year, and diamond stocks SML up to date 2800 carats, noted in Lucapa.
http://feeds.feedburner.com/GiftJewelry
The average price of the stones was $ 4452 per carat.
Past auction yielded maximum revenue in all the diamonds from the Lulo tenders, excluding the sale of a 404-carat stone in February for $ 16 million.
Thus, Lucapa are continuing to observe strong demand for larger sizes of premium diamonds mined at its diamond project.
Since the beginning of this year, the sale of diamonds from the Lulo has brought the company $ 44.8 million, and the average price was $ 3132 per carat.
New bids must pass before the end of this year, and diamond stocks SML up to date 2800 carats, noted in Lucapa.
http://feeds.feedburner.com/GiftJewelry
Alrosa plans to produce at Upper Muna diamond mine 1.7 million carats a year, according to company materials.
Of ore capacity will be 3 million tons. IRR of the project is estimated at 22%. Running production is expected in 2018. Company to reach its design capacity is planned for 2019.
Balance reserves of Upper Muna is 38.3 million carats. Term development of the deposit - up to 2043. It was reported that ALROSA's investment in the development of a draft Upper Muna estimated at about 63 billion rubles. The State provides the company a grant for the development of infrastructure in the amount of 8.5 billion rubles.
Development of the Upper Muna included in the approved long-term program of development of ALROSA, providing for an increase in production to 41 million carats by 2021.
According to published on Friday, presentation of the company, ALROSA's production forecast for 2016 remains at 37 million carats in the years 2017-2018 - at 39.9 million carats. Although at the beginning of September, the President of the company Andrey Zharkov, spoke about the plan for 2017 about 39 million carats.
In 2015, Alrosa produced 38.3 million carats of diamonds.
http://feeds.feedburner.com/PearlJeweller
Of ore capacity will be 3 million tons. IRR of the project is estimated at 22%. Running production is expected in 2018. Company to reach its design capacity is planned for 2019.
Balance reserves of Upper Muna is 38.3 million carats. Term development of the deposit - up to 2043. It was reported that ALROSA's investment in the development of a draft Upper Muna estimated at about 63 billion rubles. The State provides the company a grant for the development of infrastructure in the amount of 8.5 billion rubles.
Development of the Upper Muna included in the approved long-term program of development of ALROSA, providing for an increase in production to 41 million carats by 2021.
According to published on Friday, presentation of the company, ALROSA's production forecast for 2016 remains at 37 million carats in the years 2017-2018 - at 39.9 million carats. Although at the beginning of September, the President of the company Andrey Zharkov, spoke about the plan for 2017 about 39 million carats.
In 2015, Alrosa produced 38.3 million carats of diamonds.
http://feeds.feedburner.com/PearlJeweller
Leading Indian jewelry online retailer BlueStone.com created a "gold ATMs" that allow buyers to purchase gold through these devices.
The machines have been installed in some shopping centers in Bangalore and New Delhi. They may automatically sell 24-carat gold coins weight of 1, 2, 5, 10 and 20 grams, according to AOJ message.
The new concept is designed to provide more convenience to customers during a busy festival season. In addition, it offers a very unique experience for gold buyers who still bought the metal, or the jewelry store or online. It is expected that the main users of the new ATMs will be new buyers of gold or men due to functional and practical aspects of the new devices. Their installation in two of the most popular shopping malls provide convenience for shoppers, who are rushing to buy gifts for the holiday season friendly.
Speaking about the launch of ATMs, Arvind Singhal (Arvind Singhal), COO BlueStone.com, said: "Setting" Gold ATM "during the holiday season, not only adds to the convenience of buying gold, but also a means to connect with our customers, and provides them more points of physical trading. Customers can buy gold coins of several denominations of cash or card, which makes it ideal to buy gold for gifts or investments. "
http://feedbucket.com/?src=http%3A%2F%2Ffeeds.feedburner.com%2FPearlJewelryCeleb
The machines have been installed in some shopping centers in Bangalore and New Delhi. They may automatically sell 24-carat gold coins weight of 1, 2, 5, 10 and 20 grams, according to AOJ message.
The new concept is designed to provide more convenience to customers during a busy festival season. In addition, it offers a very unique experience for gold buyers who still bought the metal, or the jewelry store or online. It is expected that the main users of the new ATMs will be new buyers of gold or men due to functional and practical aspects of the new devices. Their installation in two of the most popular shopping malls provide convenience for shoppers, who are rushing to buy gifts for the holiday season friendly.
Speaking about the launch of ATMs, Arvind Singhal (Arvind Singhal), COO BlueStone.com, said: "Setting" Gold ATM "during the holiday season, not only adds to the convenience of buying gold, but also a means to connect with our customers, and provides them more points of physical trading. Customers can buy gold coins of several denominations of cash or card, which makes it ideal to buy gold for gifts or investments. "
http://feedbucket.com/?src=http%3A%2F%2Ffeeds.feedburner.com%2FPearlJewelryCeleb
Stellar Diamonds considered the independent report of MPH Consulting project Tongo (Tongo) with an adjoining mine Tonguma (Tonguma) in Sierra Leone. According to the data, the original occurring resources for the project are estimated at 4.0 million carats.
The report was approved mine plan for the project.
Last month Stellar contemplating a merger project and Tongo mines Tonguma after buying the latter.
Thanks to an agreement Stellar will receive a 75-percent stake in the project, as well as pre-emptive right to repayment of the initial investment and obtaining a number of royalty.
"Out on the draft report is a new milestone in its intended acquisition, as well as from it followed an independent mine plan and financial model of the preliminary economic assessment", - says CEO Karl Smithson, Stellar (Karl Smithson).
"We continue to make good progress in the necessary legal and other work on the audit, which is necessary for the completion of the proposed acquisition," - he concluded.
http://feedbucket.com/?src=http%3A%2F%2Ffeeds.feedburner.com%2FGiftJewelryPearl
Subscribe to:
Posts (Atom)