Diamond Shavings: Your Friday Web Roundup

I am assuming that anyone at AGS is out on the floor right now, but if you happen to be around reading this, hope you can catch my talk at 3:45 in the way-too-big Denver ballroom … And here is this week’s news round-up …

– Chaim: Hezbollah polishing diamonds?

– Rio Tinto raising prices.

– Will the new “benefication” laws in Africa actually hurt its production? ALSO: Mineweb has a good round-up of the latest benefication stuff.

– The Diamdel Restructuring:
Charles Wyndham says if Diamdel can’t make money, how can sightholders? (Surely he can do better than Dumdel …)
An article in the Israeli press. (No new details here.)

-  It’s Pipeline week! Chaim on the diamond pipeline.   Polishedprices’ take.

– Diamonds.net: Global Diamond Exchange is looking for a possible buyer.

– Well I guess they won’t be making an example out of those guys: Conflict diamond charges basically dropped in Arizona.

– Science Marches On: Yet another claim of new way to manufacture cheap synthetic diamonds.

– Head of African Diamond Producers Association says he was “misquoted” about plans to form “diamond OPEC.” Can you imagine if the diamond industry was controlled by a monopoly? Can’t fathom what that would be like.

– Ken Gassman analyzes jewelry advertising, finds small stores actually spend more on advertising as a percentage than chains.

– Surat not impressed with Blood Diamond movie.

– Dubai lab to “revolutionize diamond grading.” Some details would be nice.

– Tangentially related: QVC may sell less gold jewelry as price gets higher.

The latest on ABN AMRO. The industry’s leading lending institution could be in the hands of a guy called “Fred the Shred.”My thoughts, plus ABN is cautious about industry debt, and claims New York has a whopping $2 billion in bank debt.

Leviev’s company says De Beers’ involvement in South Africa’s “state diamond trader” is like “the cat watching the milk.”

– De Beers store will open in Korea.

– Diamond mining moves to Central Africa. Also, controversy over Zimbabwe’s diamonds.

– Making diamonds in the microwave: A strange video with the world’s greatest disclaimer. (Via diamondtalk)

Amusing post about BaselWorld.

Feel free to comment on any of the above by hitting the button below, and enjoy your weekend

JCK News Director