Global diamond manufacturing has risen in 2014. Diamond manufacturing by value rose a total of 11 percent yearly to $14.09 billion in 2013. This is due mainly to an increase in the prices of rough diamonds. According to data published by the Kimberley Process Certification Scheme (KPCS), with regards to production volume, global diamond production increased 2 percent to 130.48 million carats. Also, the average price of reduction grew 9 percent to $107.95 per carat.
Countries and Diamond Manufacturing
Botswana's diamond production rose 22 percent to $3.63 billion. And the volume of its diamond manufacturing up 13 percent to a grand total of 23.19 million carats of rough diamonds. The average price of Botswana's rough diamonds rose 8 percent to 156.36 million per carat.
Russia ranked as the second largest diamond manufacturing country by value. Furthermore, Russia was by far the largest producer by volume. Russia's production grew 8 percent to $3.11 billion with the volume of output up 8 percent to 37.884 million carats. The average price was flat at $82.21 per carat.
Canada's production fell a total of 5 percent to $1.91 billion in 2013, but the country still rates as the third-largest diamond producer. By volume, Canada's production rose 1 states percent to 10.56 million carats, wall the average price declined 6 based percent to $180.52 per carat.
Namibia's production rose 58% to $1.36 billion from 1.689 million carats as the average price jumped 46 percent to $805.24 per carat. Angola rounded out the top five with production of 15 states percent to $1.28 billion from 9.36 state million carats and its average price rose 2 space percent to $136.49 per carat.
Among the other significant producer countries, South Africa saw its production value increase 15% to $1.19 billion from 8.143 space million carats recovered, but the average price was flat at $145.54 per carat. Zimbabwe's production declined 14 percent to $51.72 per carat. Namibia have the highest price diamonds in the world, overtaking Lesotho, where the average price of rough diamonds fell 7 percent to $584.88 per carat.
Diamond Manufacturing and ALROSA
ALROSA's shareholders approved a 32% increase in dividends to 4 cents (1.47) per ordinary share for 2013. Shareholders voted to pay a total year and dividend of $320.8 million (RUB 10.826 billion). Under the company's updated dividend policy, approved last year, ALROSA will pay no less than 35% of its net profit under international financial reporting standards (IFRS) and dividends. The company's net profit under IFRS amounted to $942.4 million (RUB 31.837 billion) in 2013. Under Russian Accounting Standards (RAS) ALROSA's net profit amounted to $1.05 billion (RUB 35.6 billion). The company noted that the remaining portion of its net profit will be used to finance its capital investment programs.
Diamond Manufacturing and the Rough Market
Diamond manufacturing margins remained under pressure. In July alone polished trading prices were seasonally quiet and prices softened. However, the rough market was firm. As many New York dealers on vacation at the beginning of the month, and Belgium and Israel during up for their summer breaks, Indian suppliers turn their attention to the local market. The India International Jewelry trade show attempted to provide a significant boost to loose diamond trading. However, dealers left disappointed. Activity in the diamond section was relatively weak suppliers noted that the show increasingly reflects domestic jewelry demand. A contrast to the focus on global diamond trading. Encouragingly, the show did signal that sentiment about the economy has improved since the May election of Narendra Modi as prime minister.
The local stock market has rallied and the rupee stabilizes since the election. This fueled expectations that consumer confidence, and with it jewelry demand, will improve in time for the holiday season. Jewelry wholesalers reported that gold and diamond jewelry sales were steady but there was still a cautious undertone as retail jewelers on lower volume than usual. Some reasons that the show was a month earlier this year and retail jewelers still have time to buy inventory.
As a result, jewelers were satisfied with the state of the market at the show. Even if their trade wasn't moving. Diamond suppliers, meanwhile, accepted that the market trends tend to be weak in July. Dealer noted that international buyers were largely absent from this trade show. Furthermore, dealers were looking for the upcoming September Hong Kong trade show. They hope the trade show will provide them with an indicator for the fourth quarter shopping season.
Diamond Manufacturing of diamonds from rough to polished.
info@1800loosediamonds.com
Diamond Manufacturing of diamonds from rough to polished.