the diamond raw material consumption can be normalized

The De Beers company believes that the macroeconomic environment, underlying consumer demand for rough and polished diamonds, remain generally stable, and expect that the US will continue to be the main driving force behind the global growth of this market in 2017.
Bryus Kliver (Bruce Cleaver), CEO of the group said in an annual report Anglo American for 2016, that the extent of global demand growth will depend on a number of macroeconomic factors, including a new administration in the United States, a stronger dollar and its impact on consumer demand, economic indicators in China, India and the demonetization of mood after the main season in retail sales in the US and China.
"In 2016, stocks of products in the diamond cutting segment returned to a more typical level, and now in 2017 the diamond raw material consumption can be normalized, reflecting high consumer and retailer demand, - he said -. Manufacturers continue to get rid of stocks of products, and our forecast for production diamonds in 2017 (for the De Beers group of companies) is in the range of 31-33 million carats at a suitable trading conditions ".
Cleaver said that during the 2016 diamond cutters stocks have declined as sentiment improved in this segment. Also stones stocks were normalized with the support of a number of initiatives introduced De Beers since the second half of 2015.
According to Cleaver, among these initiatives - a decline of commodity prices, providing greater flexibility to sightholders, as well as an increase in marketing activity to stimulate consumer demand.
Mining De Beers rough diamonds fell by 5% in 2016 and amounted to 27.3 million carats against 28.7 million carats a year earlier, reflecting the adopted in 2015 a decision to cut production due to the existing terms of trade.
However, the total income of the company increased by 30% to $ 6.1 billion versus $ 4.7 billion in 2015, due to growth in sales of rough diamonds, which increased by 37% to $ 5.6 billion.
This, according to Cleaver explained 50 -protsentnym increase in consolidated sales to 30.0 million carats from 19.9 million carats in 2015. Meanwhile, this increase was partially offset by a decrease in diamond prices by 10% - from $ 207 per carat to $ 187 per carat.
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from the company to pay corporate tax, royalties and dividends

As it became known, in the past, the Government of Namibia has received from De Beers 4 billion rand ($ 305 million) from the company to pay corporate tax, royalties and dividends.
De Beers and the Namibian government is jointly owned by Namdeb Holdings, which operates in diamond mining along the southwestern coast of the country, ground operations in Oranjemund (Oranjemund), as well as mines near Luderitz (Lüderitz) and along the Orange River.
Local newspaper The Southern Times reports that the official Windhoek received from diamond giant 2.2 billion rand in the form of corporate tax, 1.1 billion rand in royalties and $ 700 million rand in dividends.
It is expected that Namibia will also receive up to 6 billion rand given 2 billion rand from the state-owned company Namib Desert Diamonds (Namdia).
Namdia was formed after last May, De Beers has agreed to sell the Namibian diamonds produced by Namdeb, worth about 2 billion rand a year.
Namdeb Holdings production fell in 2016 by 11% to 1.6 million carats from 1.8 million carats a year earlier due to reduced production Debmarine Namibia.
The vessel is the last planned maintenance is expanded in the port. Namdeb also recorded a decline in production at its ground operations.
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major player on the world market

Export Promotion Council of precious stones and jewelery (Gem & Jewellery Export Promotion Council, GJEPC) of India will hold an international diamond conference on 19 and 20 March 2017 in Mumbai. It is held to bring together representatives of the leading diamond producers, diamond dealers, retailers, bankers and analysts from around the world to discuss supply and demand problems faced by the global diamond industry.
At the two-day conference will be attended by ministers from the countries involved in mining, delegates from the mining companies, heads of retail luxury brands, multinational companies, the heads of the various banks and other prominent figures of the diamond industry. Nirmala Sitharaman (Nirmala Sitharaman), Minister of Trade and Industry of India and Minister of Mines of India Piyush Goyal (Piyush Goyal) will be the main guests and keynote speakers at the event.
Commenting on the event, chairman of GJEPC Pravinshankar Pandya (Praveenshankar Pandya) said: "India is the largest diamond producer in the world 93% of the products are exported As our country is a major player on the world market, I believe that it is our responsibility, and I am proud.. the organization of this event, in which we bring together all participants in the global diamond industry on a single platform to discuss the various problems faced by the industry, and to make a statement about the future "Roadmap "."
The conference will be comprehensive, covering all aspects of the diamond pipeline, including production, processing, marketing and retail trade, international finance, an assessment with KP certification of diamonds.
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actually an opportunity for discovery of new diamond project

Canadian geologists from Winnipeg found the very first micro-diamonds in Manitoba. This discovery was made by an informal consortium of Manitoba and Alberta in the north-eastern part of the province.
According Bezis Ruth (Ruth Bezys), president of the Association of geologists and miners (Prospectors and Developers association) of Winnipeg, this discovery was made by a group of scientists in the consortium Lynx rock in the northeastern part of the province near Coney Lake. The diamonds have a size less than one millimeter. At this point Bezis can not say exactly how many precious stones were found, but perhaps it is "a handful" of diamonds or even more.
For 16 years, the search engines and geologists are actively searching for diamonds in Manitoba region, because diamonds are mined in adjacent areas: in Northern Ontario, Saskatchewan and the Northwest Territories. Some major players spent mining exploration in the region, including Kennecott in 2001, De Beers and a few years later.
Too early to declare whether there is actually an opportunity for discovery of new diamond project. However, if further studies suggest a potential mine, the next stage will require a significant investment of perhaps millions of dollars more in-depth exploration. "Thanks to the work of geologists from the Geological Survey of Manitoba and their industrial partners, a consortium of Lynx for the first time in the history of Manitoba were found diamonds This preliminary exploration does not guarantee the development of the mine, but rather confirms the possibility of the existence of a particular mineral in the geologic zone.", - he stated in the press Minister release the region trade Kliff Kallen.
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tender to sell products located in South Africa's diamond mines

First Element Company has announced a tender to sell products located in South Africa's diamond mines Jagersfontein (Jagersfontein) and Rooipoort (Rooipoort).
Auction bids are held from Monday 13 March to Friday 17 March. Results will be announced shortly after the closing of the tender at noon on 17 March.
Trades are conducted at a specialized site Antwerp Diamond Tender Facility in the building of the Antwerp World Diamond Center (AWDC).
Requests for participation will be accepted upon confirmation of dates, number and names of the delegated officials.
First Element is a fully independent company services to the diamond industry, and one of the leaders in the field of valuation, marketing, negotiation and tenders.
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unusually large number of undisclosed synthetic diamonds

Gemological Institute of America (Gemological Institute of America, GIA) recently discovered an unusually large number of undisclosed synthetic diamonds mixed with natural diamonds chalk, Rapaport said in a statement.
Laboratory GIA Mumbai has been found that a run of 323 diamonds chalk with an average size of from 0.014 to 0.015 carats contained 101 synthetic diamond created by chemical vapor deposition (CVD), said director of research institute and development GIA Vui Wang (Wuyi Wang ). Diamonds were presented in Analysis Services chalk GIA, and that made the discovery.
GIA has launched the service in December last year and regularly to detect small amounts of undisclosed synthetic diamonds chalk in some parcels submitted for analysis, Wang said.
However, he explained that "the first time we are seeing such a high percentage of synthetic diamond mele CVD, mixed with natural stones."
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instability and political uncertainty in many parts of the world

Representatives of mining companies, investors, engineers, managers and assets of the company for the provision of professional services to all parts of the precious metals sector will participate in the Dubai conference on precious metals (Dubai Precious Metals Conference), according to DMCC.
Discussion on the theme "Linking markets» (Connecting Markets) will be devoted to a new era of global trade and how the change will affect the geopolitics trading precious metals flows.
The DMCC explained: "Despite the difficult conditions at the end of last year, prices for precious metals in 2016 increased by 11.71% compared with the previous year, which contributed to economic instability and political uncertainty in many parts of the world."
Sashittal Gautam (Gautam Sashittal), CEO of DMCC has, said: "2017 could be interesting for the precious metals, given the geopolitical shift of sentiment."
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Recently discovered colored diamonds have been raised to the surface

Merlin Diamonds recently managed to obtain five green diamond on its operations in Australia, after the discovery of a rare blue stone in December.
The largest of the green diamonds weighing 1.4 carats, and one stone - 0.21 carats. Meanwhile, independent experts check other green diamonds from the mine Merlin (Merlin), in addition to these five, the company said on Tuesday.
"Production of these green diamond is very encouraging and follows previous discovery of a rare blue diamond in December 2016, demonstrating the potential of the mine in the production of colored stones," - said in a statement Merlin Diamonds.
Recently discovered colored diamonds have been raised to the surface in the area Kaye (Kaye), which is part of Merlin mine. The mining company has acquired in the Rio Tinto project in 2004.
It is on the Merlin was produced the largest diamond ever found in Australia, the weight of which was 104 carats. Ever since Merlin Diamonds resumed production on the project at the end of 2016, she managed to find a large stone weighing 35.3 carats.
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consolidated companies did not have any opportunity to engage in production

According to media reports, the diamond fields of Marange (Marange) visited last week Permanent Secretary of the Zimbabwe mining ministry Professor Francis Gudianga (Francis Gudyanga) and the newly appointed Executive Director of the Zimbabwe Consolidated Diamond Company (ZCDC) Morris Mpofu (Morris Mpofu), to assess the situation after reported a sharp increase in illegal diamond mining.
Zimbabwe Independent reports that the security service ZCDC was not able to stop the illegal diamond miners or worked with them to receive a portion of their earnings.
"There is a tendency to return to the illegal production, because every day more and more people are finding their place in the diamond fields," - said an unnamed source.
"State security deposits also cooperating with the illegal miners, who are asking from $ 200 to $ 800 US, so they mined diamonds for a certain number of hours, and share the income earned," - he continues.
Executive director of Zimbabwe's Natural Resources Management Center (Centre for Natural Resource Governance) Farai Maguwu (Farai Maguwu) said that every day until 1000 illegal miners come to the diamond fields of Marange.
"When the government stopped the activities of seven diamond firms and implemented ZCDC, in the new consolidated companies did not have any opportunity to engage in production in the first few months, they were treated with a residual ore Mbada Diamonds.", - he said.
As the chairman of association of Marange Community Development Trust Mudiva Malvern (Malvern Mudiwa), the last straw was the fact that the equipment Mbada Diamonds were sold at auction, and the security service was unable to do anything, creating a situation of permissiveness.
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.
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We maintain a number of attractive organic options

Diversified mining group Anglo American, which owns 85 percent stake in diamond giant De Beers, said its capital expenditure will remain at $ 2.5 billion this year, and to maintain the viability of the business costs will increase to $ 1.2 billion.
Capital company expenses decreased from $ 4 billion in 2015 to $ 2.5 billion in 2016 due to strict cost control, applicable to all investments, as well as to the benefits from the launch of the Minas-Rio project (Minas-Rio), Gacho -Kuey (Gahcho Kué) and Grosvenor (Grosvenor).
Kyutifani Mark (Mark Cutifani), CEO of Anglo American, said that capital expenditure will be assigned the appropriate priority, and the company intends to protect the long-term value of their assets.
"We maintain a number of attractive organic options, especially in our copper mining business, which we will continue to properly implement and evaluate in the light of its overall capital structure and the current macroeconomic situation," - he said.
Meanwhile, Kyutifani said that in 2016 the economic and political environment has been unpredictable, and it emphasizes the importance of the quality of assets, balance sheet strength, operational excellence and overall sustainability.
"We look to the future and look forward to continuing to many price volatility of our products. However, we consider the fact that the proposal, as a rule, become more cautious after several years of low investment, and a common approach in the industry has become more cautious in conjunction with increasing . demand China seeks to balance its economy by means of incentives and controlled deceleration, because the fundamental picture of the market seems to be stable, "- he continues.
"The middle class, the main world power consumption continues to grow at a significant pace, which further reinforces the demand for our products, which are designed more for the later stages of development cycle," - said Kyutifani.
Anglo received a profit for shareholders for the last fiscal year of $ 1.6 billion, while underlying EBITDA amounted to $ 6.1 billion.
"Company performance was underpinned by improving labor productivity by 18% across the entire enterprise, as we gradually introduce our operating model and sold somewhat less productive assets, while the unit cost of copper equivalents decreased by 9% in dollar terms, "- said company chairman Dzhon Parker (John Parker).
The Group reduced its net debt by $ 4.4 billion, or $ 12.9 billion to $ 8.5 billion, well below the target for the end of the year to $ 10 billion, and net debt to EBITDA - 1.4 times.
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