Provision of independent valuation services for: governments of diamond producing countries, mining companies, financial institutions and other interested parties.
Provision of strategic advice to the highest levels of the diamond industry and governments with particular emphasis on the creation and enhancement of marketing channels.
Offers clients access to leading valuation analysis, statistics, and up to date market reports.
Assistance in the creation and management of diamond sales by tender or direct sales to trade and manufacturing centers. As an independent valuation company, Kadiam does not buy or sell diamonds or act as diamond brokers.
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Provision of assortments and valuation training for advanced level candidates.
Diamond Market Review
As the global diamond trading industry emerged from its traditional vacation period in mid-August, there was a sense that the overall market sentiment had definitely improved. The increased availability of rough diamonds over the last quarter created somewhat of a flow-through effect to polished diamond trading which was supported by better than expected activity at major industry trade shows during the summer and a more favorable macro-economic environment. Rough prices are strong as market analysts predict shortage of rough supply in the future, caused by negative cash flow of mining projects. The stabilization in polished prices continues to hold after the drastic falls experienced during the first quarter of the year. Demand for larger, better color and quality goods remains firm as does demand from Asian market for H-K colored VS-SI clarity goods. Financial institutions indicate that most polished sales are within the inner circle of the industry and still miss the incomes of retail in order to announce the recovery of the diamond industry.
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507.55 Carat White Diamond Recovered At The Famous Cullinan Mine In South Africa — Petra Diamonds has recovered a huge white diamond weighing 507.55 carat from its Cullinan mine in South Africa. According to initial examinations, the spectacular diamond is of exceptional color and clarity, and is most likely a Type II diamond. The company stated that color grading and clarity will be released following the
Three other special white diamonds of similar color and clarity were recovered in the same production run, a very large diamond of 168.00 carats and two other stones of 58.50 and 53.30 carats respectively.The newly recovered 507 carat diamond is considered to be amongst the top 20 largest high- quality rough diamonds ever found worldwide.
Cullinan is the source of the world's largest gem diamond ever recovered - the 'Cullinan', at 3,106 carats in its rough state. The famous mine has produced two more of the world's largest diamonds, the Golden Jubilee at 755 carats rough and the Centenary at 599 carats in the rough state. (Adapted from Israel Diamond Industry Portal www.israelidiamond.co.il).
Rio Tinto Says Diamond Recovery Imminent — In a presentation for investors at its Diavik diamond operation in Canada, diamond mining giant Rio Tinto stated that leading indicators for the diamond industry are now moving in a positive direction. The diamond miner noted that consumer confidence is rising and the price of polished diamonds has stopped declining.
The company noted that diamond sales and supply levels have risen and they are expected to continue growing in the second half of the year.
Rio Tinto stated: "Primary rough diamond sales have improved significantly in the second quarter and third quarter of 2009 and supply volumes into the market are moving back towards pre-crisis levels. In the long term, diamond demand is set to exceed supply.” (Adapted from Israel Diamond Industry Portal www.israelidiamond.co.il).
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