Morgan Stanley Bank analysts see "two thousandth generation" (those who met the new millennium teenagers or young people) as both a threat and new opportunities for the diamond industry. Threat, because young people today, unlike previous generations, has not undergone massive advertising in support of natural diamonds, and therefore has a relatively low susceptibility to acquiring them. At the same time in this generation have other priorities - that's why they close the production of diamonds in the laboratory, which in their eyes is associated with a low degree of negative impact on the environment.
Morgan Stanley report predicts good prospects for the industry of synthetic diamonds, which is beginning to turn out "track record", according to its authors, "can help to attract bank financing to the sector, which is still dominated by equity financing.
According to the company Madestones, development of new technologies, lower cost advantages and the growth of the customer base will contribute in the coming years, the expansion of investment opportunities for manufacturers of artificially grown diamonds.
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According to the results of operations Rio Tinto Group for the first quarter of 2016, production of diamonds increased by 10%, to 4.52 million carats against 4.11 million carats in the same period last year. Moreover, compared with the previous quarter production growth was 6%.
At Argyle mine (Argyle), owned by Rio Tinto 100%, it was produced 3.39 million carats, which is 5% higher than in the first quarter of 2015 year. The increase was due to increased production from the underground part of the mine.
In the first quarter of this year, Diavik project, Rio Tinto share which is 60%, was produced 1.13 million carats. This is 26% higher than in the first quarter of last year due to production capacity, the increased availability of the breed in the dumps, as well as higher content of diamond in the rock.
Compared with the fourth quarter last year, diamond production at the mine rose by 26% due to the suspension at the end of 2015 production.
CEO of Rio Tinto Sem Uolsh (Sam Walsh), commenting on the results of the mining company, said: "These results demonstrate our commitment to operational excellence in 2016, while we were able to achieve significant improvements in several important areas, including high rates of aluminum. However, we continue to deal with the volatility of commodity prices in all markets. due to the difficult market situation, we will strive to improve the income and productivity indicators, and provide b olee disciplined capital management and maximize free cash flow to ensure that Rio Tinto will continue to remain a strong company. "
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