Wednesday, July 12, 2017

Export Promotion Council of precious stones and jewelery (Gem & Jewellery Export Promotion Council, GJEPC) and a group of De Beers launched a joint "Ek Heera Aapke Heere KE Liye" campaign ( "Only a diamond is worthy of your diamond" - " Only diamond worthy of your diamond). it began on October 10-11, and will include the placement of printed materials in New Delhi and Mumbai before the festival Dassehra, which focuses on the power of women. an interesting fact is that the advertising campaign focused on the appreciation of a woman and her role in the life of her partner / husband / family.
Campaign vyaschena respect her husband to his wife and to the little things that make their life worth to live together, according to De Beers press statement The company continues: ". The woman is at the center of the advertising campaign, which shows that it is the soul of the house, and thanks her life is better because of the care, love and care that she shows. This means that every woman is a jewel in the life of her husband and because she really deserves a diamond as an evaluation of all the effort that she puts into her family. "
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Implementation of ALROSA will be 37 million carats (on production levels) by 2016, said President Andrew Zharkov company in an interview with TV channel "Russia 24".
A year earlier, 30 ALROSA sold million carats. Growth in sales caused by a deficit in midstream (manufacturing diamonds and jewelry) this year, which resulted in lower sales of diamond producers in 2015 due to a sharp drop in demand, said Alexander Zharkov.
Revenue growth is expected to reach 15%, and net income will be 2-3 times - "a multiple of the above" - the level in 2015, he said. ALROSA's consolidated revenue for the past year amounted to 224.5 billion rubles, net profit under IFRS - 32.2 billion rubles.
On the whole diamond prices in 2016 will fall by 2-3% compared to last year, said the president of ALROSA.
"Initially, the formation of the budget, we laid a decline of 5-6%. According to the results, I do not think there will be a rise in prices, but I think prices will fall by an average of 2-3%, "- he said.
ALROSA reserves at the end of the 1st half of the year amounted to 16 million carats. ALROSA targets for this year was not to increase reserves over the level of 2015, at the end of which he reached 22 million carats.
Reduction of flow due to the increase in sales volume, said Alexander Zharkov.
This year, ALROSA has lowered benchmark for the extraction of 39 million carats and 37 million carats in response to falling demand. In this case, Alrosa keeps goal for the coming years to reach a production volume of about 41 million carats, said head of the company.
Net cash flow allows you to direct on dividends 50% of net profit as a year earlier, said Zharkov.
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Russian President Vladimir Putin and Indian Prime Minister Narendra Modi will discuss how to increase the turnover of diamonds during Putin's visit to India later this week.
Citing its sources, Deccan Herald reported that Modi is going to explain how the measures that New Delhi is developing to simplify tax and customs procedures, will allow Russian traders to more easily export rough diamonds to India directly without intermediaries.
Modi and Putin will hold its annual meeting in Goa on October 15, before the start of the work with their counterparts from Brazil, China and South Africa at the eighth summit of the BRICS.
India imported in 2015 about 38% of all diamonds produced in the world, the report said. Nevertheless, 80% of imports of rough diamonds from Russia to India goes through third countries.
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Diamond miner Alrosa proposed to the Government to abolish state control on the export of diamonds from Russia. The corresponding proposal the company made to the government as one of the provisions of the "Strategy of development of the diamond industry in Russia until 2030", said RNS source familiar with the content of the proposals.
Given the rate of export customs duty to 0% and the lack of a diamonds certification requirements of the Kimberley Process, this measure may be installed in the export of diamonds, he says.
When exporting diamonds the company proposes to limit customs control.
"This practice is applied in most countries - diamonds and diamond trading centers. For example, in Israel, the contents of all parcels that pass through a specialized customs office, undergoes selective physical inspection by the customs inspector in the amount of not more than 10% of the total weight of the product for compliance with the declared in the invoice and specification ", - stated in the proposals of the company.
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The French brand of luxury goods LVMH Moët Hennessy Louis Vuitton recorded revenue of $ 29.3 billion (€ 26.3 billion) in the first nine months of 2016, according to GEMKonnect. This increase of 4% higher compared to the same period the previous year (5% at constant exchange rates).
The good performance was due to LVMH perfumes and cosmetics divisions of the business group, which showed an increase of 6%. Bounds and jewelry units including Tag Heuer, Bulgari and Chaumet, increased by 3%. Tag Heuer growth was observed in the tough market conditions due to the sales of smart watches Connected SmartWatch.
LVMH performance in the third quarter improved compared to the first half, while sales in Asia, Europe and the United States were generally good.
On the other hand, Japan and France did not increase the rate of growth of the company, the decline in tourist flow was observed in both markets.
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Judicial audit of seven mining companies operating in the diamond fields of Marange (Marange) in Zimbabwe to consolidate earlier this year, was postponed due to a lack of political will of the authorities to expose corruption, local media reported.
Seven companies that operated in Marange in joint ventures with the government of Zimbabwe - is Mbada Diamonds, Anjin, Marange Resources, Diamond Mining Company, Kusena Diamonds, Jinan and GyeNyame.
Mining companies allegedly taken out of Zimbabwe billions of dollars leaving from taxes and royalties due to non-transparent operations.
Local newspaper Zimbabwe Independent reports that three auditing firms - BDO Zimbabwe Chartered Accountants (BDO) , HLB Zimbabwe Chartered Accountants (HLB) and PricewaterhouseCoopers (PwC) - were appointed in late August for the audit, but have not implemented it.
"The auditors have been appointed ... but the audit has not yet begun People know that this audit will reveal, and what he will talk about close to government figures." - said an unnamed source.
"The people who are supposed to be audited, had long been scheduled, but we do not know why they have not spent it ... there is no explanation other than that there are some administrative obstacles", - he added.
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DRC Techno has launched a device for the detection of synthetic diamonds, which the company claims is the first device on the market capable of checking the diamonds grown in laboratories in all types of jewelry.
Apparatus J-Secure identifies synthetics size from 0.003 to 10 carats carats. The basic model is designed for retail shops, while the J-Secure plus - Machine for purchasing office.
DRC, which is based in Surat, India, is best known as the creator D-Secure apparatus for testing batches of individual diamonds. This device has helped to stop the practice of mixing undisclosed lab-grown stones with natural, the company said.
Both devices - D-Secure and J-Secure - can detect diamonds by using a chemical vapor deposition (CVD) method and the "high pressure - high temperature" (HPHT). These are the two basic methods of growing synthetic diamonds.
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In TanzaniteOne said that some illegal miners, mining tanzanite, continue to risk their lives in dangerous abandoned mines of the company in the area Mirerani (Mirerani) in Tanzania, expecting to find rare gems.
The company was in possession of three quarries, which were closed due to the danger to the lives of miners.
Tanzania Daily News reports that 10 people recently narrowly escaped death after illegally pass through one of these abandoned mines.
"Many people mistakenly believe that the closed mines still bring gems and usually try to find something that only they can, but in fact, these quarries are dangerous and may collapse at any time", - said the managing director of TanzaniteOne Robert Graphene Greene (Robert Grafen Greaney).
"Mines can either fall or miners can suffocate, as happened a few days ago," - he adds.
One of the directors of the company Feysal Dzhuma Shahbhat (Faisal Juma Shahbhat) said that in most cases, the perpetrators use underground routes to enter the closed mines.
"They come from other quarries and slip into these mines, and they can not be easily detected," - he said.
Meanwhile, police in Tanzania arrested two of the ten suspects who were nearly buried alive in one of the mines owned by TanzaniteOne.
Violators, equipped electric generator, intended to pump fresh air into the mine to be able to work in it.
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Polished diamond imports to the United States rose to its highest level in three years in August, when there is usually a seasonal decline in this indicator.
According to government data, polished diamond imports to the US rose 2.4% to $ 1.66 billion, the highest values for August since 2013, when the amount of orders amounted to $ 1.67 billion. Since the beginning of this year, this month has been the most peaceful since the summer slowed down markets.
Import of diamonds by weight jumped 4% to 906,469 carats as the average price fell by 1.5%, to $ 1833 per carat.
Meanwhile, the export of diamonds from the US increased by 3%, to $ 1.38 billion, respectively, net imports fell by 0.7%, to $ 280 million.
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Lucapa are, whose shares are traded on the ASX stock exchange, and which has a 40 percent stake in the company Sociedade Mineira Do Lulo (SML), established in May for possession of a license for alluvial diamond mining on the project Lulo (Lulo) in Angola, is going to get a share of 80 % in diamond project Brooking (Brooking) in western Australia.
The deal amounted to $ 140,000 in cash and 250,000 shares of Lucapa (current market value of $ 132,500), according to Proactive Investors.
Sold by the project will also receive 500,000 options Lucapa sold at $ 0.53 per unit.
In Lucapa reported that an agreement was signed with Leopold Diamond Company, which owns the license for the exploration of the project area of 128 square kilometers, is located 40 kilometers from the Ellendale diamond mine (Ellendale).
Preliminary technical expertise of the company, which included a program of selective sampling, pointed to the significant exploration potential area.
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