Grand Opening Ceremony Of GJ Hub India Gems & Jewellery Show Bangalore - 2017
Diamond & Market attitude!
Recently Nirav Bhansali talk about the IIJS 2015 & its new layout. During the addressing about the IIJS 2015 he also said, last two, three years remained tough for diamond market! On the other hand mining fraternity says in one voice that the diamond pipeline is facing a problem of financing, liquidity issue not an issue has been created by oversupply. Yet the real point is over pricing of rough that has been focused at the edit of this issue.
IIJW Glory 2015
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Alrosa president Andrey Zharkov at the WFDB President meet, "Alrosa has just completed a large-scale program of building three underground mines in Yakutia-the Mir, the Aikhal and the Udachnaya pipes. Underground mining required huge investments -about $1 bln for one underground facility. Today around 25% of Alrosa’s carats output is produced by underground mines. We expect this share to rise up to 35% by 2020."
Maxim Shkadov, IDMA president at the 2015 Dubai Diamond Conference, "One known model is called the beneficiation model, a model that in my view will become soon obsolete because it has proven to be ineffective- surely from an economical perspective, and often also from an practical and ethical point of view. Clearly, any country that wishes to sell its rough diamonds in the downstream market needs to assure that their diamonds are not part of a flawed business model that lacks transparency."
Ernie Blom, WFDB President: "These are complicated times for the diamond industry across the world. I must stress that the WFDB is fully aware of the breadth and depth of these issues and that we are taking all steps possible to address them and to aid all our members."
Philippe Mellier at Presidents meeting, "The new contract period requires greater financial transparency and robustness from our customers. While this may have presented some challenges when it came to compliance, the new approach is a crucial step given the changes to the world of financing. It will help the industry regain its reputation worthy recipient of the bank finance that provides oxygen to the midstream. And it will mean greater midstream liquidity, helping diamantaire businesses bridge through periods of lower seasonal demand."
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