Just saw a consumer-discussion on a diamond-forum, where 8 potential diamonds were discussed. For the fun of it, I checked how much I would offer maximum on each stone, in order to re-cut them to our quality. Results compared to sales-price ranged from 51... moreJust saw a consumer-discussion on a diamond-forum, where 8 potential diamonds were discussed. For the fun of it, I checked how much I would offer maximum on each stone, in order to re-cut them to our quality. Results compared to sales-price ranged from 51% to 83% of the sales-price. The two scoring more than 80% probably represent correct value for the consumer. Too bad about the other 6.
Paul SlegersJust saw a consumer-discussion on a diamond-forum, where 8 potential diamonds were discussed. For the fun of it, I checked how much I would offer maximum on each stone, in order to re-cut them to our quality. Results compared to sales-price ranged from 51... moreJust saw a consumer-discussion on a diamond-forum, where 8 potential diamonds were discussed. For the fun of it, I checked how much I would offer maximum on each stone, in order to re-cut them to our quality. Results compared to sales-price ranged from 51% to 83% of the sales-price. The two scoring more than 80% probably represent correct value for the consumer. Too bad about the other 6.
March 9
Paul SlegersIn other words: 'Hey, Mr. Policeman, I know that we, as a group, have tolerated illegal behavior in our group, leading to potentially allowing criminal use, but we will cut you a deal if you forget about it all now'. Shocking!!!!
IDEX Online News - Arrests, Raids at Diamond Exchange to Stop for a Month
February 27
Paul SlegersMedia-reports and industry-gossip in the past days have often misquoted De Beers' 2011-results. Therefore, here is the link to their press-release, for your reading pleasure.
Jim Summa
Oppenheimers sold there shares for 5.1 billion dollars in cash. Is this a business shell game?
The class action has been dragging on forever..maybe this inspired the forevermark brand. Does anyone have a forevermark viewer?
Thanks Paul!
February 16
Paul Slegers
It sure will be interesting to see how the company develops without an Oppenheimer at the helm. The times, they are a-changing, might be an appropriate song.
Paul Slegers commented on Jim Caudill - DD Admin 's blog entry: Thank you for posting this here, Jim. This index is based upon real wholesale-transactions, and this yearly prediction generally is proven to be very correct up to seriously underestimated.
January 16
Paul SlegersA must read about our industry. It tackles a lot of ghost stories.
Jim Caudill - DD Admin
ATTENTION – This is a great find! The consolidation of information contained in this work is thorough and will spark the interest of many. Thank you for bringing it to our attention!
January 13
Paul Slegers10th anniversary of Infinity Diamonds today. Cheers.
Yoram F.
Bottom line..., statistics & speculation = future price hikes? Well maybe (not). :-))
October 23, 2011
Paul SlegersStatistics? Speculation? Predictions, based upon historical data is not what I call statistics or speculation. Regardless, if current mines have a predicted lifespan of 49 years, and it takes 20 years to make a new find produce, we have less than 30 years... moreStatistics? Speculation? Predictions, based upon historical data is not what I call statistics or speculation. Regardless, if current mines have a predicted lifespan of 49 years, and it takes 20 years to make a new find produce, we have less than 30 years left to make a few major finds. Or we must find alternative 'rough'.
October 25, 2011
Yoram F.Yes, that's the assumptions but..., a big but!
A) Zimbabwe (new claims)
B) new India (Madhya Pradesh)
C) Canada
D) Russia
They all claim or seem to expose new potential finds and/or pipes. Will those produce to reality, we don't know but they may..., loa... moreYes, that's the assumptions but..., a big but!
A) Zimbabwe (new claims)
B) new India (Madhya Pradesh)
C) Canada
D) Russia
They all claim or seem to expose new potential finds and/or pipes. Will those produce to reality, we don't know but they may..., loads of $$$ are betting on those though.
But again, if what we have presently stays as is, those predictions will realize.
Paul SlegersThis week, the DTC and Botswana announced that they had reached a supply-agreement for the next 10 years. With the actual contract delayed for 9 months, the general outcome of the agreement is mostly as expected. It however has major effect on our industr... moreThis week, the DTC and Botswana announced that they had reached a supply-agreement for the next 10 years. With the actual contract delayed for 9 months, the general outcome of the agreement is mostly as expected. It however has major effect on our industry. Here is a Rapaport-Editorial, already highlighting some of these major changes.
Diamond Trading Company (DTC) sightholders listened with intent as Tim Dabson, DTCs director of beneficiation, introduced Lot 8 of the charity auction at this weeks Diamonds in the Sky event in Hong Kong. Up for grabs was the honor to officially open
September 23, 2011
Evert Botha
It is going to be an extra long haul for some sightees...
September 28, 2011
Paul Slegers
Would it be worth setting up a charter-service from Antwerp, Mumbai and Tel Aviv to Gaborone ten times a year?
September 29, 2011
Evert Botha
It may just become easier to buy rough in Toronto/Ottawa...
September 30, 2011
Paul SlegersInteresting analysis of diamonds' supply and demand in the next 10 to 20 years. It seems that the only possible way is up.
Paul SlegersIf you are in the diamond business and you do not read and study IDEX' yearly Diamond Pipeline, you are doing yourself a disservice (at the least).
Jim Caudill - DD Admin
Thank you Paul, for me this leads to more questions than answers. I look forward to comments and observations from those of you in the pipeline.
Paul Slegers → Sam: Congratulations on the birth of Eben Michael, Sam. May he be a good playmate for his sister.
April 9, 2011
Paul SlegersApril 6th, today. With no announcement from Botswana or the DTC, I wonder whether they have finalized a new supply-contract, temporarily prolonged the existing one or the unthinkable has happened, no contract right now.
April 6, 2011
Jim Caudill - DD Admin
Any updates Paul? What happens if the contract goes unsigned for a time?
Rough&Polished - information and analytics about diamond and jewellery markets.
March 17, 2011
Jim Caudill - DD Admin
Thank you Paul, I feel for the decision makers in the industry, so many mixed messages! Jim Caudill, DD Admin
March 17, 2011
Paul SlegersWhile the totality of the tragedy in Japan is still unclear, we probably already have to assess how it impacts our little industry. Here is the view of RBC.
Jim Caudill - DD Admin
Is there any speculation based on decreased demand (potential) that there will be any adjustment on rough prices in favor of manufacturers? Jim Caudill, DD Admin
March 16, 2011
Paul SlegersThat would be asking for too much, Jim. Like RBC said, there might potentially be an effect on the strength in rough prices, but in general, the outlook is still strong. I see that as meaning that it could impact the level of potential further price-incre... moreThat would be asking for too much, Jim. Like RBC said, there might potentially be an effect on the strength in rough prices, but in general, the outlook is still strong. I see that as meaning that it could impact the level of potential further price-increases but not the actual direction.
March 16, 2011
Paul SlegersThe importance to De Beers' and its sightholders of the ongoing negociations with Botswana is highlighted in this Rapaport-article.
Jim Caudill - DD Admin Raw (Rough) Perspective…
Though this reads like any basic business model for “concept to shelf” product, the striking fact that must be given attention is rarity. I know it is a cliché but unlike a man made product, diamonds, as they come out of the grou... moreRaw (Rough) Perspective…
Though this reads like any basic business model for “concept to shelf” product, the striking fact that must be given attention is rarity. I know it is a cliché but unlike a man made product, diamonds, as they come out of the ground, can not be modified to fit market climate. What you get is what you get and there is nothing a marketing team can do to manipulate the raw material to comply with market trends. As stated “fewer than 1 percent have contained enough diamonds to make them economically viable”
Jim Caudill, DD Admin
less
March 10, 2011
Maarten de Witte
Yes DD Admin, "you do get what you get" but there is plenty that (clever) marketing teams can do to manipulate market trends to comply with the raw materials.
March 20, 2011
Paul Slegers → David Friedlander: Hey David,
How does NY react to higher prices? I think the Antwerp-reaction is also influenced by the HongKong-show going on at the same time, so curious about the general sentiment in NY.
March 7, 2011
David FriedlanderRelevant question Paul!
Given that we're all operating in a worldwide market, I think NYC presents a unique opportunity lately.
I've heard that buyers are coming to NYC from Israel lately. It used to be the other way around
I do feel that the local marke... moreRelevant question Paul!
Given that we're all operating in a worldwide market, I think NYC presents a unique opportunity lately.
I've heard that buyers are coming to NYC from Israel lately. It used to be the other way around
I do feel that the local market has taken a hit due to soft domestic market.
But if one needs to buy they must pay the new higher prices
March 8, 2011
Paul SlegersNot really well-written, but interesting information about Zimbabwean diamond-sales.
Rough&Polished - information and analytics about diamond and jewellery markets.
February 18, 2011
Jim Caudill - DD Admin Troubling… The last sentence gives hope but that is a tough area to expect compliance! Huge gap in deliverables emphasizes the importance of vigilance in global markets. Is it realistic to think this will ever be curbed within the global market? What i... moreTroubling… The last sentence gives hope but that is a tough area to expect compliance! Huge gap in deliverables emphasizes the importance of vigilance in global markets. Is it realistic to think this will ever be curbed within the global market? What is the feeling in your part of the world?
Jim Caudill, DD Admin
February 18, 2011
Maarten de WitteI've tried in vain to understand the ginned up furor over diamonds from Zimbabwe. That human rights abuses occurred a few years back is not in doubt, but I can think of no diamond-producing country in African where this has not been the case. The issue o... moreI've tried in vain to understand the ginned up furor over diamonds from Zimbabwe. That human rights abuses occurred a few years back is not in doubt, but I can think of no diamond-producing country in African where this has not been the case. The issue of "transparency" in fiscal issues is also a Red Herring, as few developing nations have adequate resources to provide accurate census data let alone detailed governmental statistics. Methinks that geopolitics are driving the discussion. Britain, Canada and the US are the main antagonists to the Mugabe regime for very obvious historical reasons. The Chinese and the Indians have an entirely different world view and set of economic needs. That is why the KP process has remained ineffective concerning Zimbabwe, and why the world continues to ignore the ongoing carnage in the Democratic Republic of the Congo (the current chair of the KP no less!) as well as the emerging debacle in Côte d'Ivoire. less
Paul SlegersRumours about Alrosa IPO are increasing. Valuations for the company are said to be between 8 and 10 billion USD. Compared to a projected net profit for 2011 of $340 million, that would be a PE-ratio between 23.5 and 29.4. That seems rather steep, but who ... moreRumours about Alrosa IPO are increasing. Valuations for the company are said to be between 8 and 10 billion USD. Compared to a projected net profit for 2011 of $340 million, that would be a PE-ratio between 23.5 and 29.4. That seems rather steep, but who knows the value of underground reserves that you are buying?
Wink Jones
I posted something about many jewelers not liking custom work in the forum, Jim has suggested I link to it from the main page here. This is intended more for consumers than for the pros that are here now, but you may enjoy it also.
Wink
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