Representatives of the most important industrial institutions

World Jewelery Confederation (CIBJO) has announced the beginning of registration of participants of its annual congress.
CIBJO Congress 2017 will be held November 5-7 in Bangkok, anticipating and meeting the congress will be held from November 2. BACKGROUND The World Congress Ruby Forum (World Ruby Forum) will be held on November 4th. The main venue for the congress CIBJO will be Shangri-La Bangkok hotel.
The organizer of the Congress by the Department of Promotion of International Trade and the Institute of gems and jewelry in Thailand, which are under the jurisdiction of the Ministry of Commerce.
On the CIBJO Congress in Bankgoke will gather members of the National Association of jewelry and precious stones from more than 40 countries, as well as representatives of the most important industrial institutions.
Congress CIBJO is the official gathering place for delegates to the World Jewelery Confederation, as well as the annual meeting of its sectoral committees, which may be amended in the regulatory organization's directives on the international Diamond standards, colored stones, pearls, precious stones, grown in the laboratory, precious metals and corals, known as the "Blue book" (Blue books).
CIBJO is an international confederation of national organizations on trade in jewels. CIBJO The aim is to promote the harmonization and development of international cooperation in the jewelry industry, as well as addressing issues of global trade. The main task of CIBJO picked protection of consumer confidence in the industry.
Register and book hotel rooms can be on a special website of the Congress: http://www.cibjo.org/congress2017

Requirements of the major lenders

Rockwell Diamonds reported that its processing plant at the project Vouterspen (Wouterspan) in South Africa is now at the stage of production capacity after commissioning.
The main asset of the company is diamond mine Vouterspen, which can process up to 200,000 cubic meters of rock per month.
The Rockwell said that among the diamonds found on the project there is a 60-carat stone, which was sold last week for $ 8,000 per carat.
The company also reported that last Wednesday the South African High Court upheld the hearing date to eliminate, as stated urgency no longer a reason for accelerated examination of the case in view of the shorter hearings on business reorganization. As previously reported, the hearings will be held June 22.
Meanwhile, business reorganization proceedings will be held May 12.
Trading in shares Rockwell Diamonds were suspended in March last year after the interim order on the Elimination of its three South African subsidiaries: Rockwell Resources RSA, HC van Wyk Diamonds and Saxendrift Mine Limited.
The Rockwell said that the prosecution has been initiated by C-Rock Mining, the former contractor Rockwell, who has filed an application for the liquidation of the three subsidiaries miners.
The C-Rock claimed that Rockwell owed her money associated with disputed invoices, reimbursement of tax penalties and other entitlements due to her construction costs.
According to representatives of Rockwell, the powers of the temporary liquidators appointed a judge of the High Court in accordance with the requirements of the major lenders, have been suspended in connection with further statements about the company's business reorganization.
"While the court decision is not consistent with the objectives of the company, the judge confirmed the principle that the business reorganization suspend the powers of both the temporary liquidators and the liquidation process that actually allows our subsidiaries to do business", - the statement says Rockwell.
"On this basis, there is no urgent practical need to carry the date of the final hearing in the closer period before the start of the liquidation procedure", - concluded the company.

Market that could eventually lead to an increase in diamond prices

Sanjay Shah (Sanjay Shah), the head of the Diamond Promotion Council Commission of exports of gems and jewelery (Gem & Jewellery Export Promotion Council, GJEPC) of India, made a presentation on the "special forum on the balance of interests in the diamond industry» (Special Forum on Diamond Equity), held in the framework of the Inter-Sessional meeting of the Kimberley process (KP) in Perth. The report was devoted to increasing consumer demand for diamonds.
According to Shah, to achieve this industry needs "clear and transparent" diamond trade, adequately funded kinds of promotional campaigns and a clear differentiation between synthetic and natural diamonds.
Shah noted that demand and prices for polished diamonds in the past nine years, almost did not rise, leading to a lack of a stable income in the diamond cutting segment. He stressed that as the mining companies, and individual countries must take responsibility for creating consumer demand for diamonds and for the development of the market that could eventually lead to an increase in diamond prices.
Speaking of strong types of marketing initiatives at all levels by all parties concerned industry overall budget which would be equal to at least $ 100 million, Shah said that the Indian industry will actively participate in this effort and to contribute to them.
He also said that the commitment to transparency in the "diamond pipeline" will improve consumer confidence.
According to Shah, the diamond industry must make an effort to differentiate the synthetic stones and prevent them unsolved mixing with natural diamonds. He said that GJEPC has taken the initiative in this regard.
Shah came to the conclusion that when all of these conditions diamond cutting sector can provide stable returns and retain valuable staff, which will also lead to an improvement in commodity prices.

To improve the safeguards system

President of the World Diamond Council (the WDC) and vice president of ALROSA Andrey Polyakov said at the Intersessional Meeting of the Kimberley Process (KP) in Perth, that all diamond producing countries, together with representatives of the industry should introduce guarantees of origin of diamonds.
Noting that this problem can not be solved by force alone, the diamond industry, and requiring the participation of African countries in which the diamonds are mined mainly prospectors, Polyakov said: "The industry, as always, should continue its efforts to ensure that best practices throughout the diamond pipeline. But industry representatives can not do it alone. we call on all diamond-producing countries, especially the most vulnerable, and to ensure the implementation of best practices. together we can m to win and maintain the complete confidence of consumers. "
He added: "Today, the World Diamond Council is constantly striving to improve the safeguards system, to strengthen the proof of conflict-free origin of stones passing through the" diamond pipeline "We understand that there is no guarantee the system is far from perfect, and we welcome constructive criticism from our colleagues in the industry." .
Poles continued: "We hope that by the end of this year we will introduce you to update the safeguards system Establishing an effective system would be a significant contribution to the industry in strengthening consumer confidence and the growth of impeccable reputation of our product.".

Granting permission for mineral extraction

Company BlueRock Diamonds, whose shares are traded on the AIM stock exchange, signed an agreement with Koedonza Olives on the development of the 1.5-hectare kimberlite pipe, known as the Jubilee (Jubilee), in Vindzorton area (Windsorton), located 40 km north of Kimberley in South Africa.
Diamond mining company, which owns and operates the mine Kareevley (Kareevlei) in South Africa, said that it intends to select the bulk sample of up to 2,500 tons, to assess the commercial viability of the tube.
This work, as stated in Bluerock, must be made within six months after granting permission for mineral extraction, which Koedonza submitted for review and expects to receive in the next few weeks.
"Kimberlite ore will be sent for processing at the processing plant at the existing mine BlueRock Kareevley - said the company -. The aim of this work will be to clarify the possible content and the quality of any diamond originating from tube Anniversary".
"If the sampling results are positive, Bluerock will be able to extend the terms of the agreement for the duration of the permit for the extraction of minerals, which can be up to 5 years with further extension."
Meanwhile, Bluerock said that the auction in Johannesburg, she was able to implement a parcel of diamonds weighing 206 carats at an average price of $ 438 per carat and the most expensive diamond weighing 9.5 carats left to the buyer at a price of $ 3,750 per carat.
Previous average for all diamonds mined at the mine Kareevley amounted to $ 293 per carat.

Shifted toward the brightness of diamonds as opposed to the traditional" 4C

Sarine Technologies Ltd has announced that its system for digital sales Sarine Profile diamonds will be first used in Japan in the retail jewelry retailer K-Uno. With 38 stores across the country, K-Uno is known as a unique retail store selling diamond jewelry to order. In accordance with the innovative nature of its activities, K-Uno will be the first retailer of jewelry in Japan, which will apply the decision Sarine Profile, provides innovative digital experience customers during the shopping trip diamonds.
Official opening of the first Japanese digital report Sarine Profile Diamond K-Uno took place April 27, 2017 in the retailer's flagship store in Tokyo in the presence of the company's management Sarine, key industry representatives and the media.
"The company Sarine Technologies gladly cooperates with the K-Uno and participates in the creation of a new revolutionary approach to selling diamond jewelry in Japan - a country with a long history of the diamond industry", - said David Block (David Block), Chief Executive Officer of Sarine.
President of K-Uno Masahiko Kuno (Masahiko Kuno) said: "Focus K-Uno is shifted toward the brightness of diamonds as opposed to the traditional" 4C "stone Accordingly, for the first time in Japan, we have developed our own patented diamond cut Brightness our patented diamond has been confirmed.. Sarine advanced technology company, so we decided to use Sarine Profile User system and are proud to be the first company in Japan to do so. Through the introduction of Sarine Profile User I would like to change the way the customer chooses your Brilli nt ".

Concession area in accordance with a time resolution

Zimbabwean diamond company Zimbabwe Consolidated Diamond Company (ZCDC) lost to the cause of getting the possibility of extraction of diamonds from the country's High Court tailings concession Mbada Diamonds, reported in the local media. Last year Mbada Diamond miners and others were expelled from their concessions.
Earlier ZCDC not responsible for the corresponding order of the High Court, published in February.
According Zimbabwe Independent, belonging to Mbada concession is 150,000 tons of diamond ore ready for processing.
"In anticipation of an appeal filed by the first respondent in the case, the first and second defendant and those who act on their behalf, are hereby prohibited from collecting from the territory of the concession of the third defendant diamond-bearing ore mined third defendant, access to protected members of the third defendant security objects, or otherwise interfere in any way in the activities of the said concession area in accordance with a time resolution given by this court February 24, 2017 ", - stated in the acting Court SRI.
ZCDC was formed last year after the government refused to renew the license for production of diamond companies that have worked in Chiadzwa (Chiadzwa).
However Mbada Diamonds, Anjin and Jinan are suing the government, while the Marange Resources, Diamond Mining Company, Gye Nyame, Kusena and Rera Diamonds obeyed the decision.
Anjin and Jinan reached out of court agreement with Harare, while Mbada equipment has been sold for the payment of its debts.

Demand for gold recorded a significant increase in the annual rate

Retail sale of gold and silver jewelry in China rose 7.8% in the first four months of this year, indicating further signs of improvement in the market, according to data released by China's National Bureau of Statistics.
Sales rose to about $ 15 billion from January to April compared with the same period last year. Retail sales in April also recorded growth year on year by 7.5% to $ 3.32 billion.
China's jewelry industry has started to recover in December 2016, when sales recorded a 4.8 percent increase to $ 4.7 billion. Sales in Globally, in 2016 we recorded a steady growth of about $ 43.68 billion on an annualized basis, which indicates an improvement after almost continuous decline in sales since the beginning of 2016.
China Gold Association has previously said that gold consumption in China remained high in the first quarter of 2017, mainly due to strong demand for gold jewelry in the Chinese New Year, it said in its report.
In addition to gold jewelry demand for gold bars recorded a significant increase in the annual rate of 60.18% to 101.19 tons. Currently, gold bars are becoming more popular in China as a hedge, the association said in a report.

Maximum realization of revenue from diamonds

Zimbabwe's Ministry of Finance announced that it would take control of the diamonds produced in Marange (Marange) and Chimanimani (Chimanimani) after capitalization Zimbabwe Consolidated Diamond Company (ZCDC) in the amount of $ 80 million through the country's central bank.
ZCDC was created last year through the merger of Marange Resources, Gye Nyame, Diamond Mining Corporation and Kusena.
"There are two kinds of minerals that disappoint us -. It's diamonds and coal We capitalized ZCDC in the amount of $ 80 million, and there is a new agreement with ZCDC, according to which, after the company's capitalization diamonds automatically go into the treasury" - quoted by The Herald Finance Minister of Zimbabwe Patrick Chinamasa (Patrick Chinamasa).
"Thus, each mined diamonds will flow into the coffers through the Reserve Bank of Zimbabwe, and we think that this will improve transparency and ensure the maximum realization of revenue from diamonds," - the minister added.
Diamond companies operating in Marange concession had to leave because of the revocation of their licenses by the government.
Also demanded from them to become part of ZCDC, but Mbada Diamonds and Chinese holding OFECC, which controls the company and Jinan You Anjin, refused and filed a lawsuit against the authorities.
In February Chidakva Walter (Walter Chidhakwa), Zimbabwe's minister of mining, told Rough & Polished, that Harare has reached out of court settlement with the Chinese.
ZCDC lost in the High Court of the country a case of getting the possibility of extraction of diamonds from tailings concession Mbada Diamonds.
According Zimbabwe Independent, belonging to Mbada concession is 150,000 tons of diamond ore ready for processing.
In addition, Zimbabwe has recently paid $ 5.4 million for the Russian diamond company DTZ-OZGEO, acting in the African country to obtain its concession in the Chimanimani district.
State media claimed that ZCDC currently produces 200,000 carats per month.
Last year ZCDC produced about 900,000 carats against the peak performance of 12 million carats per year.

Exceptional work of contemporary jewelry art

"Crystal", Russia's largest diamond producer, will show a replica of the Russian imperial crown, taking part in the exhibition JCK Las Vegas 2017. The exhibition will be held June 5-8 at the Mandalay Bay Convention Center.
The exhibition "Crystal" and its subsidiary «Smolensk Diamonds NV» offers wholesale and retail customers a wide range of diamond brand "Smolensk cut" of various sorts, sizes, color and clarity, as well as a number of exclusive diamonds.
First American professionals will have a unique opportunity to see the exceptional work of contemporary jewelry art - a replica of the Great Imperial Crown of the Russian Empire.
Replica was created in honor of the 400th anniversary of the Imperial House of Romanov, 250th anniversary of the coronation of Catherine II and the 50th anniversary of the Production Association "Crystal".

Cooperation in the field of diamond production

Alrosa will take part in the development of a new diamond deposit Luashe (Luaxe) in Angola.
Within the framework of signed constituent documents on establishment "Luashe" international enterprise visit of the Russian official delegation of ALROSA President Sergey Ivanov and the president of the national diamond company Endiama Sumbula Carlos (Carlos Sumbula) May 23, 2017.
In particular, the signing of three documents: a memorandum of understanding between Endiama and Alrosa companies, international investment contract "Luashe" and the notarial record of establishment of the enterprise "Luashe".
Russian Deputy Prime Minister Yuri Trutnev, who also took part in the visit, stressed that cooperation in the field of diamond production, and, in particular, between Alrosa and Endiama, is an important component of Russia and Angola Economic Cooperation. He also noted that the development of new projects, active exploration and the search for new deposits positively affects the development of the Angolan economy and the partnership between the two countries.
In 2013 kimberlite pipe was discovered in the course of exploration work on the concession Luashe, dubbed "Luele".
Alrosa will take part in the project through its subsidiary "Catoca", which will receive a new structure of a stake of 50.5%. Furthermore, Alrosa will soon submit for the Supervisory Board of the company offer to acquire an additional 8% "Luashe" directly.
Given the size of the ore body and the preliminary data exploration, "Luele" working out of the tube is of considerable economic interest for the project participants.

Ensure equal access to raw materials for all of its participants

The foreign diamond manufacturers who are customers of ALROSA and offer cutting and polishing plants in Russia, should be given preference in the purchases of rough diamonds from the Russian diamond miner, said Deputy Prime Minister Yuri Trutnev.
This issue was discussed with the new president of Alrosa Sergeem Ivanovym, who "understands that if companies come to Russia for them is necessary to create favorable conditions for the purchase of stones," Trutnev told reporters, who is also the representative of the Russian President in the Far East.
"What this will lead to ALROSA sales policies in some changes It will not happen instantly?." - Trutnev said.
ALROSA opened "Eurasian Diamond Center» (EDC) in Vladivostok, which in September 2016 was granted the status of a free port, in the framework of policies to strengthen market presence in the Asia-Pacific region and the increase in diamond production volumes in Russia.
EDC was the first resident Indian KGK Group, which, according to representatives of the Corporation's development of the Far East, is ready to invest about 500 million rubles in the cutting and polishing factory in Primorye. It is expected that the plant will be established within four years, and the production capacity will reach at least 15 million carats. KGK, one of the largest customers of the company ALROSA on a long term basis, operates directly and through two subsidiaries, registered in Yakutia: DDK LLC and SD Diamonds LLC.
KGK, according to market participants, ALROSA may ask some of the favorable conditions for the purchase of rough diamonds, although the provisions of Alrosa Alliance, the association of long-term clients of the company, ensure equal access to raw materials for all of its participants. ALROSA also held talks with other customers for the construction of cutting and polishing enterprises in Primorye, but details were not disclosed.
Trutnev said that KGK has brought to the country the equipment for the new plant. "There is a complex personnel training scheme first in the enterprise will be a lot of them (KGK) workers, but they will teach (Russian personnel) and to change the proportion of employment in our favor." - he said.

To stimulate consumer demand for diamonds and diamond jewelry

Foundation of the World Diamond brand (World Diamond Mark Foundation, WDM) will hold a presentation of a consumer-oriented campaign "Part of you» (Part of You) at JCK LUXURY exhibition on June 4 in Las Vegas, as well as introduce a website for its new brand B2C ( business to consumer) - www.passion.diamonds .
The event exclusively focused on retail jewelers who want to understand why the story of the diamond is important for the successful promotion and sales, including diamond jewelry.
Of WDM at breakfast perform Kalman-Christine Schuler (Krisztina Kalman-Schueler), director of the program, and Yaakov Almor (Ya'akov Almor), communications director and chief editor of World Diamond Magazine. For questions will also be available WDM President Alex Popov (Alex Popov).
WDM team will present an explanation, why the story of the diamond is key to its promotion, and will hold a presentation of the campaign "A part of you" through its demonstration on a separate website, as well as the format of digital marketing and social media channels. Campaign "Part of you" is designed to captivate prospective buyers of diamonds by acquaintance with the history of the appearance of diamond jewelry, as well as to orient them to the trusted retailers that are members of WDM program - "Authorized diamond dealers."
Foundation of the World Diamond brand was founded on the premise that diamonds and diamond jewelry can and should play a greater role in the market class "luxury" goods. To achieve this, the industry entities - from manufacturers to retail diamond jewelers marketers - need to communicate more effectively promote, advertise and sell to the final consumer of polished diamonds and diamond jewelry.
The overall aim of WDM, established in 2012 by the World Federation of Diamond Bourses (World Federation of Diamond Bourses), is to stimulate consumer demand for diamonds and diamond jewelry.

Largest and oldest organization of the diamond trade in the United States

Diamond Dealers Club of New York (Diamond Dealers Club of New York, DDC) has gained its new headquarters in the International Diamond Tower (International Gem Tower, IGT) in Manhattan.
The DDC, the largest and oldest organization of the diamond trade in the United States, will take their offices in June this year.
"Being the anchor of the diamond district of New York, DDC and its members will be able to conduct their business in a beautifully designed open retail space with the most modern technical facilities, a cafeteria relaxing, sitting area and stunning views from the panoramic windows," - said in a statement DDC.
"IGT is crucial to the future success and stability of the diamond industry on 47th Street in New York, - said the President of DDC Reuven Kaufman (Reuven Kaufman) -. I believe that this new facility and the marketplace will bring incredible benefits to our members ".
IGT has been specifically designed for the needs of the global industry of gems and jewelry. In addition to the latest security system, which includes the iris recognition scanners at the turnstiles lobby, owners also benefit from underground parking on site, and private health and fitness center.

They also underestimate the actual content of gold

According to media reports, Tanzanian President John Magufuli fired the minister of mining and the head of the State Agency for Audit of Mineral Resources.
Reuters reported that they were relieved of their duties after an investigation of possible undeclared export of natural resources, mining companies, and tax evasion.
The investigation report showed that mining company Acacia Mining announced the availability of gold, copper and silver for export of mineral sands, but has not announced the content of other precious metals in these parties.
"The Committee (investigating export) found that in the shipping containers that have not been announced, there were many other minerals, such as sulfur, iron, indium, titanium and zinc," - said Magufuli.
"They also underestimate the actual content of gold, copper and silver in these transport containers", - he added.
Nevertheless, of Acacia he stated that it is fully declared the commercial value of the produced batches, and paid all relevant royalties and taxes.
Meanwhile Magufuli said the Minister of Mining and Minerals Sospeter Muhongo (Sospeter Muhongo), as well as the Director of the State Agency for the Audit of Mineral Resources of Tanzania (Tanzania Minerals Audit Agency, TMAA) Dominique Rvekaza (Dominic Rwekaza) were found guilty of insufficient export monitoring gold and copper concentrate from the country.
"I really like Professor Muhongo ... he is my friend, but I would like to he assessed his actions in this matter and to immediately vacate the position," - said Magufuli after receiving the report on the study of more than 250 confiscated containers containing gold and copper concentrate.
It is alleged that the president also dismissed TMAA board, saying that it could not properly control exports.
By Reuters data, the share of the mining industry accounts for about 4% of GDP Tanzania.

Industry may need more time to transition to the new tax regime

Single tax on goods and services that the Government of India introduces from 1 July, will help to create a more transparent and uniform tax structure in the country. Meanwhile, gold and jewelry industry may suffer significant losses, and its recovery may take at least 12-18 months, predicts the World Gold Council (World Gold Council, WGC).
Most businesses jewelery industry in India belong to the informal sector and the organized segment accounts for only 30% of total trade in gold. Therefore, experts believe that the industry may need more time to transition to the new tax regime.
"Behavioral change is necessary both for the consumer and for traders Moreover, the complexity of the supply chain must be considered in any such an abrupt transition, and should depend on the final tax impact and the rules." - said the managing director of WGC India PR Somasundaram (Somasundaram PR).
Despite fears of a disruption in trade due to the new tax regime, Somasundaram said that the tax would be "extremely useful to the industry," since it will reduce the illegal trade in gold, providing a more transparent system.

Magazine that focuses on retail diamond trade

A recent spring issue of the journal World Diamond Magazine (WDMagazine), which appeared on the cover of the famous singer Rihanna, dedicated specialist jewelery Ginnina D'Orazio (Ginnina D'Orazio), which picks up the diamond jewelry for Hollywood actresses and stars of the music industry on the prestigious events with "red carpet".
"The release of the tenth issue of the magazine took place a few days before the show in Las Vegas," - says Yaakov Almor (Ya'akov Almor), editor in chief and director of public relations in the fund of the World Diamond brand (World Diamond Mark, WDM).
According to him, June 4, WDM team will distribute copies of the magazine among the participants WDM main presentation at JCK LUXURY, where the organization is going to present a global marketing campaign "Part of you» (Part of You) and a new site for industry executives www.passion.diamonds
Campaign "Part you "is designed to captivate prospective buyers of diamonds by acquaintance with the history of the appearance of diamond jewelry, as well as to orient them to the reliable retailers are WDM program participants -" Authorized diamond dealers. "
WDMagazine - is a magazine that focuses on retail diamond trade, which is produced WDM and Exporters Association Turkey jewelry (Turkish Jewellery Exporters Association) and supported by the World Federation of Diamond Bourses (World Federation of Diamond Bourses, WFDB ).