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.
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In Botswana Diamonds said that the operating loss of the company for the year ended June 30 amounted to £ 355.5 thousand. Compared to £ 1 million in the previous fiscal year.
"Management has prepared a cash flow estimates and forecasts of the company for a minimum period of 12 months from the date of this report, which suggests that the group of companies will require additional financing for working capital and the development of existing projects," he said in Botswana Diamonds. "Despite the fact that at this stage it is impossible to predict whether financing efforts for successful companies, our leaders are confident that they will be able to obtain additional funds to meet the obligations of the company", - added in the company.
Meanwhile, Director General of Botswana Diamonds Dzhon Tiling (John Teeling) said the company is actively prospecting in Botswana.
The company currently is developing 27 license areas.
From these licenses 14 are located in areas Orapa (Orapa) and PIMU (Gope). These license areas are developed in cooperation with the Russian diamond company Alrosa, the largest in the world in terms of diamond production.
Three licenses are wholly owned by Botswana Diamonds, while 10 licenses in the Kalahari operated by BCL, Botswana Diamonds which owns an indirect 15 per cent stake.
"Our attention is mainly focused on the joint venture with ALROSA, to which we have been working for four years Diamonds are hard to find -. Said Teeling -. Using the results of the analysis of our significant database ALROSA, many sites were obtained and analyzed in the last 18 months and drilled two separate license areas in the Orapa area of Botswana. in this area there are four of the best diamond mines in the world. "
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