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The industrial has greatly affected by the slowdown in China demand. The company biz will be affected, as long as no adjustment from De Beers?
(not vested)
Diamond industry dragged into slump as China demand ebbs away
20 Oct 2015 15:11
[LONDON] The China-fueled commodity slump that has torn through the world's biggest raw-materials markets from iron ore to copper is now hitting the diamond industry. That's bad news for Anglo American Plc.
Cooling demand for diamond jewelry in China,??the biggest market after the US, is the latest sign that the country's slowdown isn't only a problem for industrial commodities. At the same time, customers of Anglo American's De Beers unit, who trade, cut and polish the stones, say the producer is demanding more for the gems than many in the industry say they can afford to pay.
"It is a catastrophe," said Guy Harari, co-founder of rough-diamond trading platform Bluedax. "De Beers is saying it's business as usual; it's not business as usual. The market is much weaker than what De Beers tries to show the world." Lower-than-expected demand from the Asian nation has caused a blockage in the notoriously long diamond pipeline as inventories build and prices slide. At the same time, producers have been reluctant to cede their hard-won price gains.
...
BLOOMBERG
Source: Business Times Breaking News
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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(20-10-2015, 05:11 PM)CityFarmer Wrote: The industrial has greatly affected by the slowdown in China demand. The company biz will be affected, as long as no adjustment from De Beers?
(not vested)
Diamond industry dragged into slump as China demand ebbs away
20 Oct 2015 15:11
[LONDON] The China-fueled commodity slump that has torn through the world's biggest raw-materials markets from iron ore to copper is now hitting the diamond industry. That's bad news for Anglo American Plc.
Cooling demand for diamond jewelry in China,??the biggest market after the US, is the latest sign that the country's slowdown isn't only a problem for industrial commodities. At the same time, customers of Anglo American's De Beers unit, who trade, cut and polish the stones, say the producer is demanding more for the gems than many in the industry say they can afford to pay.
"It is a catastrophe," said Guy Harari, co-founder of rough-diamond trading platform Bluedax. "De Beers is saying it's business as usual; it's not business as usual. The market is much weaker than what De Beers tries to show the world." Lower-than-expected demand from the Asian nation has caused a blockage in the notoriously long diamond pipeline as inventories build and prices slide. At the same time, producers have been reluctant to cede their hard-won price gains.
...
BLOOMBERG
Source: Business Times Breaking News
http://www.valuebuddies.com/thread-2623-...#pid120896
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Still Jelek... no end at light of tunnel... basically a cyclical stock whose fate is beyond its control...
http://infopub.sgx.com/Apps?A=COW_CorpAn...r_2015.pdf
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(09-11-2015, 07:17 AM)greengiraffe Wrote: Still Jelek... no end at light of tunnel... basically a cyclical stock whose fate is beyond its control...
http://infopub.sgx.com/Apps?A=COW_CorpAn...r_2015.pdf
None of investors or analysts will anticipate a loss in net profit for the company, months ago.
The challenges faced is more severe than expected.
(not vested)
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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Mr Mkt not agreeing to the bearish prognosis in VB forum. share price up almost 10%. Sarine is a classic case of whether you see the glass is half empty or half full. Investing in sarine is all about future growth and whether you believed they can execute the growth strategy and diversify their revenue base. Clearly there are investors out there who believed that they can.
I was looking for a gap down to pick up some to add to my holdings but no chance. maybe another day.
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(09-11-2015, 11:20 AM)Jacmar Wrote: Mr Mkt not agreeing to the bearish prognosis in VB forum. share price up almost 10%. Sarine is a classic case of whether you see the glass is half empty or half full. Investing in sarine is all about future growth and whether you believed they can execute the growth strategy and diversify their revenue base. Clearly there are investors out there who believed that they can.
I was looking for a gap down to pick up some to add to my holdings but no chance. maybe another day.
278 lots to push the price up 10%.... I don think 278 lots is a good representative of Mr.Market.... 
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Diamonds & Rust
Why India's diamond industry is facing its worst crisis ever.
http://www.businesstoday.in/magazine/cur...26005.html [Article]
(Not Vested)
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.
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(29-11-2015, 04:07 PM)Nick Wrote: Diamonds & Rust
Why India's diamond industry is facing its worst crisis ever.
http://www.businesstoday.in/magazine/cur...26005.html [Article]
(Not Vested)
This news article is a good dig... anyone interested in Sarine better read up the long article to understand the dynamics of the industry.
Nevermind about the technology as their end clients' fortunes are the main driver for Sarine's technology and the future...
Another long winter for yet another commodity service provider...
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Q4 2015 Diamond Industry Conditions Update and Profitability Guidance
http://infopub.sgx.com/FileOpen/Q4_2015_...eID=384831
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Research, research and research - Please do your own due diligence (DYODD) before you invest - Any reliance on my analysis is SOLELY at your own risk.
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Australia considers tighter anti-money laundering rules for real estate, gems
SYDNEY | BY SWATI PANDEY
21 Jan 2016
Australia is considering tightening its anti-money laundering regulations to include real estate agents and precious stone dealers, sources said, following red flags from a global watchdog over potential illicit cash entering the country......................................................
Under Australian regulations, foreigners can splurge millions in cash for precious stones or a prime property without having to identify themselves or the source of their funds.
The latest asset of choice for wealthy Chinese buyers appears to be pink diamonds - prized for their rarity. They make up just 0.01 percent of the world diamond market.
Wealth managers and precious stones dealers said Chinese, already the second-largest buyers of diamonds globally, are increasingly flocking to buy the gem in Australia, which produces 90 percent of the world's pink diamonds.
There is no national data on sales, but these sources say anecdotal evidence shows a sharp rise in buying in recent months.
"Rich Chinese are coming to Australia to buy pink diamonds, only the finest and rarest of pinks are mined here," Rami Baron, president of the Diamonds Dealers Club of Australia, said.
The price of pink diamonds has nearly doubled in the last five years. Jewelers say one carat of top quality pink diamond can cost more than A$1 million ($690,000) versus about A$23,000 for a flawless white rock.
However, sellers of diamonds are under no obligation to ask buyers where their funds come from, Baron said.
"We are in full support of all steps which eliminates the rogue element in our industry. However, we are neither police nor the tax man."
BEIJING ALARM
Chinese individuals are limited to moving $50,000 a year offshore. But an explosion in capital outflows since a slump in stocks markets last year and an unexpected devaluation of the yuan, has raised concern in Beijing that funds are being moved out of the country illegally. Authorities have announced measures to tighten loopholes.
Reflecting the increased pressure on capital outflows, China's foreign exchange reserves - the world's largest - fell a record $512.66 billion in 2015 to $3.33 trillion.
Anti-money laundering experts say diamonds offer many advantages for those looking to skirt cross-border financial restrictions. They are light, small and portable and unlike cash, don't have to be declared to customs and cannot be spotted by metal detectors...................................................
http://www.reuters.com/article/us-austra...SKCN0UZ2T5
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Research, research and research - Please do your own due diligence (DYODD) before you invest - Any reliance on my analysis is SOLELY at your own risk.
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