President of the WFDB (World Federation of Diamond Bourses, WFDB ) Ernie Blom (Ernie Blom) held in Johannesburg from online webinar for GemAtlas, during which the participants consulted on business planning in the new year, said the WFDB.
Speaking about the demand forecast and the evaluation of the proposal, Blom said that in the coming year, rough diamond market has started very strongly, and it is likely to be followed by diamond market. Blom expects to market stability and progress.
Relative to the forecast price fluctuations, he said that industry players should only buy at prices that can bring them profit. Blom advised to abandon the purchase of products for the purpose of price speculation, saying that liquidity is important to the industry.
He said that the issue of funding will be decided on a special financial seminar in the framework of the meeting of the Presidents of Diamond Bourses February 5-8 in Mumbai. The workshop will identify ways to ensure the diamond industry more attractive to financiers and bankers. The presence at the seminar of financial companies and banks will provide positive signals about interest in ensuring mutual growth, said Blom.
Speaking about the need for a common successful business model to ensure growth in all segments of the diamond pipeline, Block said that it is important to share profits, because the presence of only one weak link affects the whole chain of the diamond supply. He also drew attention to the need to work together seamlessly.
Blom stressed the importance of common marketing activities in order to increase the demand for diamonds. He said he was glad that manufacturers understand the threats and challenges, noting that in this respect the excellent work done Diamond Manufacturers Association (Diamond Producers Association, DPA) and the World Diamond brand (World Diamond Mark).
Interactive Q & A session showed that participants in the webinar is particularly concerned about diamonds grown in the laboratory. Blom said in this connection that the sale of these stones will inevitably rise, and this should be taken for granted. However, according to Blom, the WFDB is expected to provide full transparency in the sale of synthetic stones and encourages individual exchanges resolutely fight against the practice of mixing them with natural diamonds.
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Petra Diamonds reported that income from the sale in November, exclusive pink diamond weighing 23.16 carats from the mine Williamson (Williamson) in Tanzania has exceeded $ 10 million.
The average diamond price of $ 433,938 per carat.
In a statement the company said that the diamond was sold to the joint venture, and because the company will also receive 20% of the proceeds from the sale of diamonds.
"Sales results confirm the fact that the market of high-quality colored diamond remains stable pink stone of this size and color are extremely rare, but Williamson mine is famous for similar diamonds, which are found in it from time to time." - said General Director of Petra, Johan Dippenaar (Johan Dippenaar).
"This leads to good prospects for mine, because we're going to increase production and optimize the processing of ore Given the uniqueness of the pink diamond, we are glad that we had the opportunity to receive part of the proceeds from the sale of diamonds, which he will make." - said a top manager.
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