Independent analyst and consultant on diamonds and the mining industry, and publisher of the Zimnisky Global Rough Diamond Price Index, Paul Zimnisky has published an in-depth article, "The Discovery of Newsworthy Diamonds is Increasing", analysing the rise of noteworthy diamond recoveries in the past five years in particular. Reprinted from Paul Zimnisky Diamond Analytics, courtesy of Paul Zimnisky.
Independent analyst and consultant on diamonds and the mining industry, and publisher of the Zimnisky Global Rough Diamond Price Index, Paul Zimnisky has published an in-depth article on the current state of lab-created diamonds and where the industry goes from here. Reprinted from Paul Zimnisky Diamond Analytics, courtesy of Paul Zimnisky.
Independent analyst and consultant on diamonds and the mining industry, and publisher of the Zimnisky Global Rough Diamond Price Index, Paul Zimnisky has published an overview of Natural versus Lab-created Diamond Price (1ct)
The trend of high volumes of rough diamond exports from Antwerp continued in July, while the diamond capital’s polished trade showed signs of life among persistently soft results. According to figures published by the AWDC, on a year-over-year basis, the volume of rough diamond exports increased significantly (20%) for the third month in a row (+55% May, +53% June), totaling nearly 11 million carats, while their value actually declined by 4% to $1.1 billion. The volume of rough imports also increased 15% while their value tumbled by 14%.
Independent analyst and consultant on diamonds and the mining industry, and publisher of the Zimnisky Global Rough Diamond Price Index, Paul Zimnisky has published an in-depth article on the current state of the diamond industry as it heads into the second half of 2017. Reprinted from Paul Zimnisky Diamond Analytics, courtesy of Paul Zimnisky.
Independent analyst and consultant on diamonds and the mining industry, and publisher of the Zimnisky Global Rough Diamond Price Index, Paul Zimnisky has published an in-depth article charting the vicissitudes of rough diamond prices on a quarterly basis for the past 10 years - since the onset of the global financial crisis. We consider this a must-read for anyone seeking to gain insights into the diamond industry as a whole and rough supply-side dynamics in particular.
This article is reprinted from Paul Zimnisky Diamond Analytics, courtesy of Paul Zimnisky.
Diamond industry analyst Paul Zimnisky, author of the Zimnisky Global Rough Diamond Price Index, provides his thoughts on the recent struggles of diamond mining stocks. Given what is now being widely considered as a recovery and stabilization of the diamond industry last year, an optimistic post-election U.S.
Diamond industry analyst and author of the Zimnisky Global Rough Diamond Price Index, Paul Zimnisky, takes us on, "A Trip Through the Diamond Industry in March 2017." If there is one trip you make this weekend, we recommend this one.
Zimnisky Rough Diamond Index up 2.1% for week ending Jan 28. Driven by De Beers price raise of 4-5% in >3/4 ct sizes
Diamond industry analyst Paul Zimnisky, in his most recent article "A New Diamond Industry", analyzes three significant changes - and the catalysts for those changes - that have been reshaping the diamond industry in recent years: 1) a new operating discipline, 2) a new generation of consumers, and 3) new technology.
Rough diamond industry analyst Paul Zimnisky, whose Diamond Analytics website brings you the Rough Diamond Index, has assembled a Diamonds 2016 Year in Review quiz. Courtesy of Paul Zimnisky, we invite you, our dedicated readers, to test your knowledge of diamond industry developments in 2016 with this 20 question quiz.
Paul Zimnisky, independent diamond analyst of the eponymous Zimnisky Global Rough Diamond Price Index, writes that rough diamond prices are up 12.1% for the year 2016 through mid-December after major miners' efforts to curtail global supply, combined with a healthy 2015 retail holiday season, have tilted the skewed 2015 balance between over-supply and diminishing demand.
Citing a presentation by Mark Cutifani, CEO of Anglo American, the parent company of De Beers, Rapaport News writes that De Beers' prices for rough diamonds fell 5% this year despite the solid recovery of the rough diamond market.
Paul Zimnisky's Global Rough Diamond Price Index hit a 52-week (1 year) high on its latest published date, August 27, ending 0.41 points higher than 1 year ago and 19.55 higher than its lowst point in the past 12 months. The Zimnisky Global Rough Diamond Price Index was created to consolidate reliable rough diamond price information and publish current respective price changes of rough diamonds on a weekly basis in the form of an index. The Index is based on an initial value of 100 using data starting on April 4, 2004.
The highly anticipated auction of the largest gem-quality rough diamond in the world, the historic Type IIa 1,109-carat Lesedi La Rona unearthed by Canadian miner Lucara Diamond Corp. in Botswana last November, failed to make auction history as it fell short of its reserve price and did not sell at Sotheby’s June 29 auction in London. The bidding opened at $50 million and was widely anticipated to sell for upwards of $80 million, but the bidding stalled at $61 million, so the diamond went unsold.
"As April 2016 concludes, the diamond industry has without question improved relative to a year ago, however, current industry data and commentary paints a mixed picture as to whether market fundamentals have in fact stabilized enough to support a new wave of sustainable growth continuing into the near-to-medium-term", writes Paul Zimnisky, author of the Zimnisky Global Rough Diamond Price Index to introduce his in-depth analysis of global diamond trade demand, supply and pricing in 2016.
In an exclusive interview with Rough & Polished, analyst Paul Zimnisky discusses a wide range of issues, from diamond production volume and prices to oversupply and mid-stream purchasing trends, profit margins, consumer demand and synthetic diamonds. A few key takeaways:
It sounds much more dramatic than it is, but CBC News reports that De Beers Canada may flood the underground workings of its shuttered Snap Lake diamond mine 220 kilometres northeast of Yellowknife. The company, which is currently suspending operations at the unprofitable mine as a step towards placing the site on care and maintenance, said it will file an extended care and maintenance plan, which will include flooding the mine's underground tunnels (which come with inherent and costly water problems).
Reuters reports that Russian President Vladimir Putin may be looking to sell some of the country's largest companies, including the world's largest diamond miner, ALROSA. Russian oligarchs are the most likely potential buyers of the stakes, but in contrast to Putin's 2014 insistance that public offerings of Russian state companies be done on the Moscow Exchange - ruling out more liquid, deeper markets in Hong Kong, London, and New York, limiting access to Western investors - the Kremlin said that foreign investors were welcome to participate in the privatization, which has been dri
Rough diamond analyst Paul Zimnisky takes a comprehensive look at the current and projected output for the entirety of the diamond mining industry, concluding that "2016 global diamond production by-volume is forecast to be 137 million (M) carats, or +1.3% over 2015 estimates," despite efforts by De Beers and Rio Tinto to limit global diamond supply. Stable Russian production, new mines, and production increases by Dominion Diamond Corp and Petra Diamonds in particular, he writes, will serve to offset these efforts.
In an unusual step, Zimbabwe says that it will make the Chinese yuan legal tender in the country after Beijing agreed to cancel $40 million in debts. Finance Minister Patrick Chinamasa said the move comes as Zimbabwe seeks to increase trade with Beijing, and usage of the yuan “will be a function of trade between China and Zimbabwe and acceptability with customers in Zimbabwe." China is Zimbabwe’s biggest trading partner following Zimbabwe’s isolation by former western trading partners due to Harare’s human rights record.
Analyst Paul Zimnisky analyses fundamental supply/demand developments in 2015 and surmises that the diamond industry will see a balancing out of goods to market and demand by the middle of next year, as inventories drop while manufacturers have cut back on production. He notes that while a moderate net decrease in Chinese demand for diamond jewelry is expected this year, "it is important to remember that demand is still relatively stable ...
In an interview with Mining Weekly Online addressing the current state of affairs and future outlook throughout the diamond industry, analyst and consultant Paul Zimnisky says he believes Canada was the best-positioned country in the industry given the quality of the current projects. “Looking at the NWT’s Ekati and Diavik mines, for instance, they are still quite profitable projects, even in a weaker price environment.
Diamond industry analyst Paul Zimnisky has published a thorough "State of the Diamond Mining Industry" report as we near the end of 2015 - essential reading, in our opinion. "So far in 2015", writes Zimnisky, "the state of the global has been closely aligned with the posture of the global economy, as it so often is, and should be. The developed nations of the world are growing, but at uninspiring rates... Emerging market growth has slowed... The result in the diamond industry has been an overhang of low-to-medium-quality polished diamonds in the market for about a year now. U.S.
The International Monetary Fund (IMF) might restart its program of financial assistance to support Zimbabwe’s economic reform efforts as early as 2016 if foreign creditors accept the government's plans to clear debts to international financial institutions. IMF resident representative Christian Beddies said financial aid could resume once Zimbabwe fulfilled certain required processes “Basically, the Zimbabwe authorities are trying to garner support for their strategy to clear arrears to the IMF and other international financial institutions.
According to the Zimnisky Global Rough Diamond Price Index, rough prices have hit a four-year low, dropping 3.39% last week. The quarter-over-quarter change sits at -6.15% and for 2015 as a whole, prices are currently down -13.22%.
The Natural Color Diamond Association (NCDIA) and the Jewelers Vigilance Committee (JVC) held a seminar in New York City to answer queries about how to buy green diamonds from Zimbabwe without being in contravention of American law.
While most discussions on synthetic diamonds are about identification and disclosure, Paul Zimnisky, industry analyst, believes the main question should be what the future of the synthetic diamond industry looks like in terms of market share. He concludes that currently, due to the cost prohibive nature of the technology, gem quality synthetics represent only 1-2% of the global diamond market, mainly driven by environmentally and ethically conscious consumers and millenials that are attracted by the 'futurology' appeal of the product.
Through Q1 2015 diamond industry more stable but pressures remain.
Paul Zimnisky - Diamond Industry Analyst on the state of the diamond industry