Many of the issues часовщик of concern for those who are associated with rough diamonds. Rising pri

As shown by projections of business models in the second decade of this century, diamond production is now reduced in size and is growing rapidly in value, writes Edan Golan (Edahn Golan) of Idex Online portal www.idexonline.com. In 2011, diamond production fell by 3.4 percent to 124 million carats. The cost of this production volume, часовщик as claimed часовщик by manufacturers, totaled $ 14.41 billion, which is 26.5 percent higher than the previous year.
Many of the issues часовщик of concern for those who are associated with rough diamonds. Rising prices on weak demand for diamonds, owners change the main diamond and diamond companies, and some may even point to change the balance of power, the lack of long-term marketing initiatives on the consumer front, to create demand for diamonds, changing sales patterns and challenges arising with this, the medium-term economic outlook uncertain, threatening to hit the middle class spending, as well as the reputation of the questions associated with the Kimberley Process (KP), which some believe has outlived its usefulness.
There is also a bright side: the possible emergence of financial institutions interested in investing in diamonds can attract hundreds of millions часовщик of dollars in diamond and diamond sector; strong demand from the wedding sector; deep-rooted opinion of consumers that diamond jewelry is a reliable fashionable choice, stόyaschim high prices, and that they represent a long-term storage of emotional value.
Decline in production in 2011, it is not strange contingencies. Global production has steadily decreased since 2005, when it reached a peak of 176.7 million carats, according to reports from the KP. The only increase in production occurred in 2010, when mining companies rather sharply increased production after the recession of 2008-2009 to ensure the renewed demand for diamond jewelry.
It is expected that this downward trend will continue in the production of diamonds, with one small exception часовщик - the commissioning of the project on underground mining at Argyle (Argyle) in Australia. At this point, scheduled for 2013, world output is expected to increase. But one mine introduced into operation, will not change the trend in the decline in diamond production.
This decline is partly the result of a number of factors, some of them quite party. For example, Argyle in Western Australia, the largest diamond mine of Rio Tinto, has suffered from heavy rains and floods, due to which the volume of production last year fell 24 percent to just 7.4 million carats.
On the other mines have witnessed часовщик a decline in production due to the low density of ore with less diamonds, as happened at the Ekati mine (Ekati) in Canada, owned by BHP Billiton. In the last fiscal year (July 2011 - June 2012), Ekati issued часовщик 1.8 million carats, which is 28.8 percent lower than in the previous fiscal year.
Some mining companies have decided to cut production due to a possible reduction in demand, and some anecdotal evidence suggests that just want to stretch the life of its mines. The main reason is that while these mines are profitable at lower volume production, they can afford to do it. In part, the principle underlying, is that since the diamond becomes less rough diamond prices will rise, and in the long run it will give higher overall income and higher total revenue for the companies, as well as producing countries . In this regard it should be noted that this strategy works well for producing countries for two reasons. First, income-producing countries of diamonds mainly come from royalties, which are a percentage of the value of diamond production. Therefore, the higher the cost, the higher the income.
The second reason - employment. The second major benefit of the diamond is the creation of jobs, along with the accompanying fringe benefits. Local workers not only get a good job, they also acquire skills to work, pay taxes and receive часовщик a number of benefits provided by the mining часовщик companies, the most common of which is medical care for them and their families, including HIV and AIDS; education for their children, including school education, provision of textbooks, extra-curricular activities and other assistance; as well as good water purification system часовщик and water supply. часовщик While industrial enterprises are responsible часовщик and provide these value-added services, governments in many producing часовщик countries are spared from having to do it.
Some cynically minded people can say that governments obvious