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Digital Report - immediate delivery to your email.

Date of Publishing: 2023.
No. of Pages: 36.

The Digital Dollar Project is a non-profit organization devoted to catalyzing private sector research and exploration of the potential advantages and challenges of a U.S. central bank digital currency (CBDC), or “digital dollar.” It works to convene and incorporate the diverse perspectives and expertise of private sector, academic, and non-profit leaders to inform the national consideration of a digital dollar and to understand the implications of global CBDC developments for Americans

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Contents:

1. Introduction.

2. Refresh: What is the Digital Dollar Project?

3. (Re)introduction to CBDC.

4. Status of global CBDC development.

5. Revisiting the DDP’s tenets for a digital dollar Tokenization.

6. Third format of currency.

7. Maintenance of the two-tiered banking system.

8. Privacy.

9. Monetary policy-neutral.

10. Continued private sector innovation.

11. More research is needed.

12. Global CBDC standards: Will the United States lead?

13. Conclusion: A call to action.

14. Appendix: Region-by-region breakdown of CBDC projects.

- United States

- Europe

- Asia - Pacific

- Africa

- Americas

15. References.

16. About the authors.

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Digital Report - immediate delivery to your email.

Date of Publishing: March, 2022.
No. of Pages: 127.

This is the tenth anniversary of the World Happiness Report. The preparation of the first World Happiness Report was based at the Earth Institute at Columbia University, with the Centre for Economic Performance’s research support at LSE (the London School of Economics), and CIFAR (the Canadian Institute for Advanced Research), through their grants supporting research at the Vancouver School of Economics at UBC (the University of British Columbia). 

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Contents:

1. Overview on Tenth Anniversary. 

2. Happiness, Benevolence, and Trust During COVID-19 and Beyond.

3. Trends in Conceptions of Progress and Well-being.

4. Using Social Media Data to Capture Emotions Before and During COVID-19.

5. Exploring the Biological Basis for Happiness.

6. Insights from the First Global Survey of Balance and Harmony. 

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Digital Report - immediate delivery to your email.

Date of Publishing: 2023.
No. of Pages: 133.

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Contents:

1. Executive Summary.

2. The Happiness Agenda: The Next 10 Years.

3. World Happiness, Trust, and Social Connections in Times of Crisis.

4. Well-being and State Effectiveness. 

5. Doing Good and Feeling Good: Relationships between Altruism and Well-being for Altruists, Beneficiaries, and Observers.

6. Well-being Measurement with Social Media Across Space, Time and Cultures: Three Generations of Progress.

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Digital Report - immediate delivery to your email.

Date of Publishing: 2021.
No. of Pages: 107.

Adaptability, innovation, connectedness—pick a metric and businesses asserted they were leaders in the space, ready for anything. But 2020 and the COVID-19 health and economic crisis cleared their rose-colored glasses, bringing a new reality into sharp focus: Inflexible work arrangements and operations. Fragile supply chains. Untrustworthy information. New customer needs. The pandemic and the resulting disruptions exposed the limitations of long-standing norms for how companies operate and how people live.

Forced to recognize this deepening digital achievement gap, companies began to compress their decade-long transformation agendas into two to three-year plans. Leaders pivoted to focus on building a digital core that would allow them to simultaneously transform multiple parts of their enterprises and their talent. In essence, they began looking at technology as a saving grace in an unpredictable time, allowing them to accelerate their efforts to minimize the disruptions of the pandemic. Amid this chaos, enterprises not only pivoted faster than they believed they could, they started demonstrating the adaptability, innovation, and connectedness that they thought they’d already achieved.

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Contents:

1. Introduction.
1.1. A new kind of leadership.
1.2. Leadership demands technology leadership.
1.3. Leaders don't wait for a new normal, they build it.
1.4. Broaden the horizons of leadership.
1.5. Our moment is now: 2021 Technology Trends.
1.6. Completing the picture.
2. Trend 1: Stack Strategically.
3. Trend 2: Mirrored world.
4. Trend 3: I, Technologist.
5. Trend 4: Anywhere, Everywhere.
6. Trend 5: From Me to We.
7. Trend 6: About the technology vision.

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Digital Report - immediate delivery to your email.

Date of Publishing: 2024.
No. of Pages: 90.

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Contents:

1. Human by design. How AI unleashes the next level of human potential.

2. A match made in AI. Reshaping our relationship with knowledge.

3. Meet my Agent. Ecosystems for AI. 

4. The space we need in realities. Creating value in new realities.

5. Our bodies electronic. A new human interface.

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Digital Report - immediate delivery to your email.

Date of Publishing: 2023.
No. of Pages: 260.

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Contents:

1. The Global Art Market in 2022. 

1.1. Overview of Global Sales.

1.2. Regional Market Performance.

1.3. Online Sales.

1.4. Art and NFTs in 2022.

Exhibit 1. Embracing Technical Innovation in the Artworld.

Exhibit 2. NFTs in a (Legal) Nutshell.

2. Dealers. 

2.1. The Dealer Sector in 2022.

2.2. Dealer Sales.

2.3. Artist Representation.

2.4. Dealer Costs and Margins.

2.5. Buyers.

2.6.  Sales Channels and Art Fairs.

2.7. Online Sales and Strategies.

2.8. Priorities for Dealers in 2022 and Beyond.

3. Auctions. 

3.1. Auction Sales in 2022.

3.2. Top-Tier Auction Houses.

3.3. Second-Tier Auction Houses.

3.4. Online Auction Sales.

3.5. Price Segmentation in Fine Art Auctions.

3.6. Fine Art Sectors.

3.7. Post-War and Contemporary Art.

3.8. Modern Art.

3.9. Impressionism and Post-Impressionism.

3.10. Old Masters and European Old Masters.

Exhibit 3. Unroll the Scroll: The Past and Present of Mainland China’s Auction Sector.

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4. Outlook Key Findings.

4.1. Outlook for 2023.

Exhibit 4. Run Rabbit Run

Digital Report - immediate delivery to your email.

Date of Publishing: 2023.
No. of Pages: 148.

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Contents:

1. Introduction.

1.1. Introduction.

1.2. Art Collecting and Wealth.

1.3. Art Market Indicators in H1 2023.

1.4. The Cross-Border Trade in Art.

2. Global Collecting in 2023.

2.1. Global Collecting in 2023.

2.2. Description of the HNW Collector Sample.

2.3. The Content of Collections.

3. HNW Collector Spending.

3.1. Expenditure by HNW Collectors in 2023.

3.2. Expenditure by Medium.

3.3. Expenditure by Artist Characteristics.

3.4. Price Levels for HNW Collector Spending.

3.5. Buying Channels Used by HNW Collectors.

3.6. HNW Collector and Dealer Relationships in 2023.

4. Collector Motivations.

4.1. HNW Collector Motivations in 2023.

Exhibit 1. Why do People Collect?

4.2. Collecting as a Process.

4.3. Financial Motivations, Resales, and Credit Exhibit.

5. Events & Outlook.

5.1. HNW Collector Attendance at Events.

5.2. Buying and Selling Plans for 2023 and 2024.

5.3. HNW Collector Outlook in 2023 Rights and Disclaimer Section. 

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Digital Report - immediate delivery to your email.

Date of Publishing: 2024.
No. of Pages: 256.

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Contents:

1. The Global Art Market 2023
   1.1 Overview of Global Sales
   1.2 Regional Market Performance
   1.3 Online Sales
   1.4 Art and NFTs
   Exhibit 1. Navigating a Sea of Instability
   Exhibit 2. The Legal Framework of China's Art Market
2. Dealers
   2.1 The Dealer Sector in 2023
   2.2 Dealer Sales
   2.3 Artist Representation
   2.4 Dealer Costs and Margins
   2.5 Buyers
   2.6 Sales Channels and Art Fairs
   2.7 Exhibitions and Fairs
   2.8 Online Sales and Strategies
   2.9 Dealer Challenges and Priorities
3. Auction Sales
   3.1 Auction Sales in 2023
   3.2 Top-Tier Auction Houses
   3.3 Mid-Tier Auction Houses
   3.4 Price Segmentation in Fine Art Auctions
   3.5 Fine Art Sectors
   3.6 Post-War and Contemporary Art
   3.7 Modern Art
   3.8 Impressionism and Post-Impressionism
   3.9 Old Masters and European Old Masters
   Exhibit 3. The Outlook for the Chinese Auction Market in 2024
4. Conclusions and Outlook Key Findings
   4.1 A Note on Wealth and Luxury Spending
   4.2 Outlook of the Art Trade in 2024

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Digital Report - immediate delivery to your email.

Date of Publishing: 2021
No. of Pages: 352

The Art Market 2021 presents the results of research on the global art and antiques market in 2020. The report presents some of the key high-level trends in the global art trade, analyzing the performance of different regions, sectors, and value segments of the market, and assessing the impact of the COVID-19 pandemic on sales. The information presented in this study is based on data gathered and analyzed directly by Arts Economics from dealers, auction houses, collectors, art fairs, art and financial databases, industry experts, and others involved in the art trade. The Appendix offers an outline of some of the main data sources used in the report.

Chapter 1 provides an overview of the global market in 2020, reporting on the value, volume, and regional distribution of sales of art and antiques. It gives a brief overview of sales in the largest art markets over a 10-year period. The chapter also includes commentary on the effects of the change in the US administration on the market and the impact of the 5th Anti-Money Laundering Directive on auction houses and dealers in Europe.

Chapter 2 focuses on dealers and galleries, analyzing sales and other key indicators, assessing how the COVID-19 pandemic has impacted on different value segments and sectors of the market. This chapter looks at costs, margins, and debt in the sector as well as artist representation. It also addresses the changing priorities and outlook for dealers in 2021.

Chapter 3 looks at the auction sector, analyzing key trends in sales by region and value segment, and how they have been impacted by the pandemic in 2020. It presents a comprehensive analysis of some of the principal fine art auction sectors, describing their performance in terms of sales, regional market share, and price distribution.

Chapter 4 provides an overview of art fairs, reporting on the dramatic changes to the art fair calendar in 2020 and the impact this has on art fairs, galleries, and collectors. It assesses the outlook for 2021 given continuing uncertainties, presenting the results of surveys on high net worth (HNW) collectors, art fairs, and dealers.

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Contents:

1. The Art Market: Key Findings.
1.1. Overview of Global Sales. 
1.2. Global Market Share.
1.3. Regional Performance. 
2. Dealer Sales Key Findings.
2.1 Dealers Surveyed in 2020.
2.2 Dealer Sales.
2.3. Dealer Margins. 
2.4. Buyers.
2.5. Artist Representation.
2.6. Artist Representation by Career Stage.
2.7. Artists Gender and Representation.
2.8. Outlook for the Dealer Sector. 

3. Auction Sales: Key Findings 
3.1. Auction Sales in 2020.
3.2. Price Segmentation in Fine Art Auctions.
3.3. Fine Art Sectors.
3.4. Post-War and Contemporary Art.
3.5. Modern Art.
3.6. Impressionism and Post-Impressionism.
3.7. Old Masters and European Old Masters.
3.8. Conclusions.

4. Art Fairs: Key Findings
4.1. Art Fairs in 2020.
4.2. Art Fair Calendar and Cancellations in 2020.
4.3. Art Fair Survey 2020.
4.4. Impact on Gallery Exhibitions in 2020.
4.5. Art Fairs and HNW Collectors. 
4.6. Conclusions.

5. Online Sales: Key Findings.
5.1. The Online Art Market.
5.2. The Online Retail Market.
5.3. Online Auctions.
5.4. HNW Collectors and Buying Online.
5.5. Website Traffic and Social Media.
5.6. Conclusions.

6. Global Wealth and 6 Collector Perspectives: Key Findings.
6.1. Global Wealth in 2020. 
6.2. Wealth Distribution and Millionaires.
6.3. Billionaires.
6.4. Art Collectors Survey. 
6.5. Description of the Collector Sample.
6.6. HNW Collections of Art.
6.7. HNW Collectors’ Expenditure on Art in 2020.
6.8. Buying Channels for HNW Collectors in 2020.
6.9. Collector Motivations.
6.10. Collectors’ Outlook. 

7. Economic Impact and Conclusions: Key Findings.
7.1. Employment in the Art Market in 2020.
7.2. Dealer Sector Employment.
7.3. Auction Sector Employment.
7.4. Ancillary Economic Impact.
7.5. Conclusions.

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Digital Report - immediate delivery to your email.

Date of Publishing: 2021
No. of Pages: 137

 Resilience in the Dealer Sector, A Mid-Year Review presents the results of research on the global dealer sector carried out by Arts Economics in 2021. This research aims to provide some initial feedback on how the dealer sector has fared in the first half of 2021, focusing on employment and sales. As sales have continued to move online, and more art is sold outside of the traditional gallery and dealer framework, this report also offers an opportunity to reflect on why collectors still prefer to buy from dealers and the critical roles they play and value they add to the art market in 2021. It is based on a global survey of dealers conducted by Arts Economics in July 2021.

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 Contents:

1. Introduction and Methodology.
1.1. Description of the Dealers Surveyed.
2. Gallery Structures and Employment Trends.
2.1. Business Structures in the Dealer Sector.
2.2. Employment in the Dealer Sector.
2.3. Remote Working in the Dealer Sector.
2.4. Employment Outlook.
Exhibit 1: Recruitment Trends in the Gallery Sector 2021.
3. Sales.
3.1. Sales in the Dealer Sector.
3.2. Dealers' Sales Channels.
3.3. Online Sales.
3.4. Profitability and Outlook.
4. Collector Perspectives.
4.1. Description of the HNW Collector Sample. 
4.2. Description of Collections.
4.3. HNW Collector Expenditure.
4.4. Purchasing Channels.
5. The Role of Dealer in 2021.
5.1. The Role of Dealer.
5.2. Dealers’ Roles in Artists’ Careers.
5.3. Dealers’ Priorities in 2021.
Figure 1.1. Geographical Distribution of Survey Respondents.
Figure 1.2. Annual Sales Turnover (2020) of Survey Respondents.
Figure 1.3. Number of Years in Business.
Figure 2.1. Dealer Business Premises and Structures.
Figure 2.2. Operating Statuses of Dealers in 2020 and 2021.
Figure 2.3. Change in Dealer Employment in 2019-2020 and 2020-H1 2021.
Figure 2.4. Gender Profile of Dealer Employment in H1 2021.
Figure 2.5. Age Profile of Dealer Employment in H1 2021.
Figure 2.6. Gender Profile of Senior Management in the Dealer Sector in H1 2021. Figure 2.7. Share of Employees with Third-Level Degrees in the Dealer Sector in H1 2021.
Figure 2.8. Share of Businesses with Employees Engaged in Remote Work in the Dealer Sector in H1 2021.
Figure 2.9. Share of Remote Working as a Percentage of Total Employment in the US in June 2021.
Figure 2.10. Dealers’ Projected Change in Employment in H2 2021.
Figure 2.11. Share of Dealers’ Total Operating Costs 2019-2021.
Figure 3.1. Average Change in Sales by Dealer Turnover Segment H1 2020 to H1 2021.
Figure 3.2. Factors Negatively Affecting Dealer Sales in Europe.
Figure 3.3. Dealers’ Share of Sales by Value and Medium in H1 2021.
Figure 3.4. Share of Dealer Sales by Value by Sales Channel H1 2021.
Figure 3.5. Average Share of Online Sales by Dealer Annual Turnover Level.
Figure 3.6. Share of Online Sales by Buyer Category in H1 2021.
Figure 3.7.Predicted Change in Net Profitability in 2021 versus 2020.
Figure 3.8. Dealers’ Views on Future Sales.
Table 4.1. Outlook of HNW Collectors over the Short, Medium, and Long-Term 100 Figure 4.1. Age Profile of HNW Collectors Surveyed (All Markets).
Figure 4.2. Wealth Level of HNW Collectors Surveyed (All Markets).
Figure 4.3. HNW Collectors’ Allocation to Art in Overall Portfolio of Wealth.
Figure 4.4. Length of Time Collecting By Market.
Figure 4.5. Size of HNW Collectors’ Collections (Number of Works).
Figure 4.6. Collection Content: Share of Works Purchased by Medium.
Figure 4.7. Share of HNW Collectors Having Purchased Art, Collectibles, and Luxury Assets in Last Two Years.
Figure 4.8. Median Value of HNW Collector Expenditure on Art and Antiques.
Figure 4.9. HNW Collector Expenditure on Art by Medium in H1 2021.
Figure 4.10. Median Expenditure 2019 to H1 2021 by Male versus Female HNW Collectors ($ Thousand).
Figure 4.11. Most Common Price Range for Purchasing Works of Art in H1 2021.  Figure 4.12. Sales Channels used for Purchasing in 2020 and H1 2021.
Figure 4.13. HNW Collector First Preferences for Purchasing Art.
Figure 4.14. HNW Collector Preferences for Purchasing Art through a Gallery or Dealer Figure 4.15. Number of Galleries HNW Collectors Purchased from in 2020 and H1 2021.
Figure 4.16. HNW Collector Preferences for Local versus Overseas Galleries in H1 2021 Figure 4.17. HNW Collectors’ Focus Regarding Galleries during H1 2021.
Figure 4.18. Collectors’ Focus regarding Artists during H1 2021.
Figure 4.19. HNW Collectors’ Attendance at Exhibitions and Events in 2019, 2020, and Planned in 2021.
Figure 4.20. HNW Collectors’ Intentions for Purchases and Sales of Art in 2021.
Figure 4.21. HNW Collectors’ Intentions for Purchases of Art by Medium in 2021.
Figure 5.1.Sales of NFTs on Ethereum.
Figure 5.2. Share of NFT Sales by Value and Category.
Figure 5.3. Dealers’ Views on Sales on External Online Platforms.
Figure 5.4. Main Reasons for HNW Collectors Preferring to Purchase from a Dealer.  Figure 5.5. Most Important Role of a Dealer in Building Collections.
Figure 5.6. Perceived Importance of Institutions in Artists’ Careers.
Figure 5.7. Share of the Number of Exhibitions by Institutions at Artists’ Career Stages Figure 5.8. Number of Institutions Exhibiting at Artists’ Career Stages.
Figure 5.9. Share of Exhibitions of Top-Tier Galleries versus All Other Galleries for Star Artists.
Figure 5.10. Dealers’ Top Priorities for their Businesses (Share of Respondents).

Digital Report - immediate delivery to your email.

Date of Publishing: 2022
No. of Pages: 278

The Art Market 2022 presents the results of research on the global art and antiques market in 2021. The information presented in this study is based on data gathered and analyzed directly by Arts Economics (artseconomics.com) from dealers, auction houses, collectors, art fairs, art and financial databases, industry experts, and others involved in the art trade. 

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Contents:

1. The Global Art Market in 2021
1.1. Overview of Global Sales.
1.2. Regional Market Performance.
1.3. Online Sales.
1.4. Art and NFTs in 2021.
2. Key Findings.
2.1. Dealers Surveyed in 2021.
2.2. Dealer Sales.
2.3. Dealer Margins.
2.4. Buyers.
2.5. Art Fairs.
2.6. Online Sales and Strategies.
2.7. Outlook for the Dealer Sector.
2. Dealers. 
3. Auctions.
3.1. Auction Sales in 2021.
3.2. Online Auction Sales.
3.3. Price Segmentation in Fine Art Auctions.
3.4. Fine Art Sectors.

3.5. Post-War and Contemporary Art.
3.6. Modern Art.
3.7. Impressionism and Post-Impressionism.
3.8. Old Masters and European Old Masters. 
4. Collectors.
4.1. Global Wealth in 2021.
4.2. Wealth Distribution and Millionaires. 
4.3. Billionaires in 2021.
4.4. HNW Collector Survey. 
4.5. Description of the HNW Collector.
4.6. The Content of Collections. 
4.7. Expenditure on Art in 2021. 
4.8. Expenditure on Digital Art and NFTs. 
4.9. Buying Channels for HNW Collectors in 2021.
4.10. HNW Collector Perceptions and Motivations.
4.11. HNW Collectors’ Concerns in 2021.
5. Outlook.
5.1. Conclusions.
5.2. Outlook for 2022.

Tables and Figures:
Figure 1.1. Sales in the Global Art Market 2009–2021.
Figure 1.2. Growth in Sales by Value in the Global Art and Antiques Market 2009–2021.
Figure 1.3. Global Art Market Share by Value in 2021.
Figure 1.4. Global Art Market Share of the US, UK, and Greater China 2012–2021.
Figure 1.5. Sales in the Major Art Markets 2009–2021.
Figure 1.6. Online Sales of Art and Antiques 2013–2021.
Figure 1.7. Share of Online Sales in the Art Market versus General Retail 2016–2021.
Figure 1.8. Share of Value of Art and Collectibles in All NFT Sales 2019–2021.
Figure 1.9. Sales of Art and Collectibles NFTs 2019–2021.
Figure 1.10. Share of Primary Versus Secondary Sales of Art NFTs 2019–2021.
Figure 1.11. Share of Primary versus Secondary Sales of Collectibles NFTs 2019–2021.
Figure 1.12. Monthly Values Traded in Art and Collectibles NFTs 2019–2022.
Figure 2.1. Annual Sales Turnover of Survey Respondents in 2021.
Figure 2.2. Dealers’ Number of Years in Business in 2021.
Figure 2.3. Average Change in Sales Values by Dealer Turnover Segment 2020–2021. 
Figure 2.4. Average and Median Sales in the Primary versus Secondary Markets 2020–2021.
Figure 2.5. Average Change in Turnover by Dealer Sector 2020–2021.
Figure 2.6. Fine Art Dealers’ Share of Sales by Value and Medium in 2021.
Figure 2.7. Share of Dealers Selling NFTs in 2021.
Figure 2.8. Share of the Volume of Sales by Dealers 2019–2021. 
Figure 2.9. Share of the Volume of Sales by Price Bracket in 2021. 
Figure 2.10. Dealers’ Outlook for Sales in 2022. 
Figure 2.11. Share of Total Costs for Dealers 2020 versus 2021. 
Figure 2.12. Change in (Net) Profitability 2020 versus 2021. 
Figure 2.13. Number of Buyers in 2021.
Figure 2.14. Share of Dealer Sales to Buyer Groups by Purchase History in 2021. 
Figure 2.15. Share of Dealer Sales by Buyer Type in 2021. 
Figure 2.16. Share of the Value of Dealer Sales by Sales Channel.

Figure 2.17. Share of the Value of Art Fair Sales by Dealers by Year and Level of Turnover 2019–2021.
Figure 2.18. Average Number of Gallery Exhibitions by Year and Level of Turnover
2019–2022. 
Figure 2.19. Art Fairs Held 2019, 2020, and 2021.
Figure 2.20. Number of Art Fairs Held by Region in 2020 and 2021. 
Figure 2.21. Change in Visitor Numbers 2019 versus 2021 – Selected Fairs.
Figure 2.22. Change in Exhibitor Numbers 2019 versus 2021 – Selected Fairs.
Figure 2.23. Average Number of Art Fairs by Year and Level of Turnover 2019–2022. 
Figure 2.24. Dealers’ Outlook for Art Fair Sales in 2022.
Figure 2.25. Dealers’ Share of Online Sales in 2019, 2020, and 2021.
Figure 2.26 | Average Share of the Value of Dealer Sales Made Online in 2019, 2020, and 2021 by Level of Turnover.
Figure 2.27. Share of the Value of Online Sales by Dealers by Buyer Category in 2021.
Figure 2.28. Share of Online Sales by Buyer Category and Level of Dealer Turnover in 2021. 
Figure 2.29. Online Strategies Used by Dealers in 2020, 2021, and Planned for 2022.
Figure 2.30. Most Helpful Online Strategies for Dealers in 2021.
Figure 2.31. Share of Dealers Engaged in Online and Offline Collaborations in 2020, 2021, and Planned for 2022.
Figure 2.32. Dealers’ Outlook for Online Sales in 2022.
Figure 2.33. Dealers’ Views on the Permanence of Pandemic-Led Changes.
Figure 2.34. Top Five Business Priorities for Dealers 2019–2023. 
Table 3.1. Website Metrics of Selected Auction Aggregators and Auction Houses in 2021.
Table 3.2. Annual Growth and Share of Auction Sales by Price Segment 2019–2021. 
Table 3.3. Global Market Share: Old Masters Auction Market in 2021.
Figure 3.1. Global Auction Sales 2019–2021.
Figure 3.2. Global Public Auction Market Share by Value in 2021.
Figure 3.3. Second-Tier Auction House Share of Sales by Sales Channel in 2021. 
Figure 3.4. Number of Buyers in 2021 by Second-Tier Auction House Turnover Level. 
Figure 3.5. Share of Second-Tier Auction House Sales to Buyers by Purchase History
in 2021. 
Figure 3.6. Change in Net Profits for Second-Tier Auction Houses 2021 versus 2020.
Figure 3.7. Increase in Share of Online-Only Sales: Sotheby’s, Christie’s, and Phillips 2009–2021.
Figure 3.8. Share of Online Sales by Second-Tier Auction House Annual Turnover in 2021.
Figure 3.9. Share of Sales via ATG’s Art and Antiques Platforms 2020–2021.
Figure 3.10. Share of Sales via LiveAuctioneers.com 2019–2021.
Figure 3.11. Change in Global Website Traffic Ranking 2017 versus 2021.
Figure 3.12. Share of Online Lots Sold at Fine Art Auctions in 2021. 
Figure 3.13. Share of Online Lots Sold at Fine Art Auctions in 2021 by Price Segment.
Figure 3.14. Share of Online Lots Sold in Total Sales at Fine Art Auctions in 2021 by
Price Segment. 
Figure 3.15. Share of Lots Sold and Total Values at Fine Art Auctions in 2021 by
Price Bracket. 
Figure 3.16. Growth of Sales by Value in Auction Price Segments 2005–2021.
Figure 3.17. Market Share in Auction Price Segments 2009–2021.
Figure 3.18. Market Share of the Fine Art Auction Market by Price Segment in 2021.
Figure 3.19. Market Share by Value of the Fine Art Auction Market: Selected Years
2000–2021. 
Figure 3.20. Market Share by Sector of the Fine Art Auction Market in 2021.
Figure 3.21. Post-War and Contemporary Art Auction Sales: 2009–2021.
Figure 3.22. Market Share of the Post-War and Contemporary Sector in 2021. 
Figure 3.23. Sales in the Post-War and Contemporary Sector Key Markets 2009–2021.
Figure 3.24. Sales by Price Bracket in the Post-War and Contemporary Sector in 2021.
Figure 3.25. Sales of Works by Living versus Deceased Post-War and Contemporary
Artists 2017–2021.
Figure 3.26. Share of Sales by Living versus Deceased Post-War and Contemporary Artists in 2021.
Figure 3.27. Share of Sales within the Post-War and Contemporary Sector in 2021:
Living and Deceased Artists’ Works.
Figure 3.28. Share of Sales of Living Artists’ Works by Price Bracket in 2021.
Figure 3.29. Modern Art Auction Sales 2009–2021.
Figure 3.30. Market Share of the Modern Art Sector in 2021.
Figure 3.31. Sales in the Modern Art Sector Key Markets 2009–2021.
Figure 3.32. Share of Sales in the Modern Art Sector by Price Bracket in 2021.
Figure 3.33. Impressionist and Post-Impressionist Auction Sales 2009–2021.
Figure 3.34. Market Share of the Impressionist and Post-Impressionist Sector in 2021.
Figure 3.35. Sales in the Impressionist and Post-Impressionist Sector Key Markets
2009–2021.
Figure 3.36. Sales by Price Bracket in the Impressionist and Post-Impressionist Sector
in 2021. 
Figure 3.37. Old Masters Auction Sales 2009–2021.
Figure 3.38. Sales in the Old Masters Sector Key Markets 2009–2021.
Figure 3.39. Sales in the Old Masters Sector by Price Bracket in 2021. 
Figure 4.1. Growth and Estimates in Regional and World GDP 2008–2022. 
Figure 4.2. Change in Consumer Prices (Inflation) and Sales in the Art Market
2000–2022. 
Figure 4.3. The Distribution of World Wealth in 2021.
Figure 4.4. Number and Wealth of Dollar Millionaires 2012–2021. 
Figure 4.5. Global Share of the Population of Dollar Millionaires in 2021.
Figure 4.6. Number and Wealth of Billionaires 2008–2021. 
Figure 4.7. Global Share of Billionaires in 2021.
Figure 4.8. Changes in Billionaire Wealth December 2020–December 2021.
Figure 4.9. HNW Collector Survey: Market Summaries.
Figure 4.10. HNW Collectors’ Allocation to Art in Overall Portfolio of Wealth in 2021.
Figure 4.11. Length of Time Collecting by HNW Collector Location.
Figure 4.12. Size of HNW Collector Collections (Number of Works) in 2021. 
Figure 4.13. Collection Content: Share of Works by Artist Status in 2021. 
Figure 4.14. Collection Content: Share of Male versus Female Artists’ Works in 2021.
Figure 4.15. Collection Content: Share of Works by Medium in 2021.
Figure 4.16. Share of HNW Collectors Having Purchased Art, Collectibles, and Luxury Assets in 2020 and 2021. 
Figure 4.17. Median Number of Purchases by HNW Collectors 2019–2021.
Figure 4.18. Median Value of Expenditure by HNW Collectors 2019–2021.
Figure 4.19. Share of HNW Collectors Spending over $1 million on Art and Antiques
by Wealth Level 2019–2021.

Figure 4.20. Median Expenditure by Male versus Female HNW Collectors 2019–2021.
Figure 4.21. Most Common Price Range for Purchasing Works of Art in 2021.
Figure 4.22. Share of HNW Collector Expenditure on Art by Medium in 2021.
Figure 4.23. HNW Collector Average Expenditure on Digital Art in 2021.
Figure 4.24. Share of Expenditure by HNW Collectors Who Bought NFTs in 2021.
Figure 4.25. HNW Collector Expenditure on NFTs by Generation in 2021.
Figure 4.26. Sales Channels used by HNW Collectors for Purchasing in 2021.
Figure 4.27. Use of Online Channels for Purchasing by Generation in 2021.
Figure 4.28. HNW Collectors’ Average Share of Expenditure by Channel in 2021 237
Figure 4.29. HNW Collectors’ First Preferences for Purchasing Art in 2021 238
Figure 4.30. Number of Galleries HNW Collectors Purchased from in 2021 239
Figure 4.31. Preferences of HNW Collectors for Local versus Overseas Galleries in 2022.
Figure 4.32. Share of Galleries that HNW Collectors Purchased From in 2021
by Gallery Focus.
Figure 4.33. HNW Collector Focus Regarding Galleries during 2021.
Figure 4.34. HNW Collector Focus Regarding Artists during 2021.
Figure 4.35. HNW Collector Profiles in 2021.
Figure 4.36. Share of HNW Collectors Having Resold Works from Their Collections in 2020 and 2021.
Figure 4.37. HNW Collector Motivations for Selling Works from their Collections.
Figure 4.38. Top 10 Concerns of HNW Collectors Regarding the Art Market in 2021.
Table 5.1. Outlook of HNW Art Collectors over the Short-, Medium-, and Long-Term.
Figure 5.1. HNW Collector Intentions for Purchases and Sales of Art by Generation
in 2022. 
Figure 5.2. HNW Collector Intentions for Purchases of Art by Medium in 2022.
Figure 5.3. Dealers’ Outlook for Sales in 2022.
Figure 5.4. Second-Tier Auction Houses’ Outlook for Sales in 2022.

Figure A1. Geographical Distribution of Respondents in 2021.
Figure A2. Share of Respondents by Reported Annual Turnover 2019–2021.
Figure A3. Age Profile of HNW Collectors Surveyed in 2021 (All Markets).
Figure A4. Wealth Level of HNW Collectors Surveyed in 2021 (All Markets).
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Digital Report - immediate delivery to your email.

Date of Publishing: 2021.
No. of Pages: 54.

Welcome to the tenth annual report on the global diamond industry, prepared by the Antwerp World Diamond Centre (AWDC) and Bain & Company. This year’s edition covers industry performance in 2019, effects of the Covid-19 pandemic in 2020 and an update on consumer preferences and attitudes. We also assess potential recovery scenarios in 2021 and beyond. 

The report begins with key developments along the value chain, including industry trends that were accentuated or accelerated by the global pandemic. We review factors that influenced rough diamond production and sales, midstream performance, and global diamond jewelry demand in major markets. We updated our long-term outlook for the diamond industry through 2030. The 2030 supply-demand forecast
considers announced production plans, recent changes in mining operations, potential additional sources of supply, expected changes in global and regional macroeconomic parameters, and potential impacts from labgrown diamonds.

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Contents:

1. Note to readers.
2.  Recent developments in the diamond industry.
3. Cutting and polishing.
4. Diamond jewelry retail.
5. Key industry trends and effects of Covid-19.
6. Updated supply and demand model.

Figure 1. Revenues across the value chain trended downward in 2019 and 2020.
Figure 2. Covid-19 had major implications across the value chain, but repositioned the industry.
Figure 3. Profit margins were devastated across the value chain, except in the C&P segment.
Figure 4. Impacts of Covid-19 caused rough diamond sales to decline –33%.
Figure 5. In 2020, upstream inventories increased by ~17%, mostly driven by supply chain.
Figure 6: A slower decline of polished diamond prices vs. rough diamond prices supported stronger margins for the midstream.
Figure 7. Prices for higher-quality polished diamonds have outperformed lower-quality diamonds over the past two years.
Figure 8. Diamond production has been decreasing by ~5% since it peaked in 2017, with a drop of ~20% in 2020.
Figure 9. Production value decreased by ~30% in 2020, driven by declines in rough prices and production.
Figure 10. South Africa was the only country with increased diamond production in 2020.
Figure 11. Russia, Canada and Botswana had the biggest production decreases in 2020
Figure 12: Medium and large diamonds accounted for ~25% of production in carats but nearly 70%–80% in value in US dollars. 
Figure 13: Reduced sales activity in the first half of 2020 put significant pressure on profitability, which is expected to improve by year end.
Figure 14. Covid-19-related restrictions resulted in ~26% reduction of C&P activities globally, with India recovering the fastest.
Figure 15. In India, net imports of rough diamonds decreased by 27% in 2019 and 23% in 2020; recovery began in Q3 2020.
Figure 16. Due to a significant decrease in rough diamond sales, midstream inventories returned to some of the lowest levels in a decade.
Figure 17. Diamond financing continued to decrease, aligning with reduced activity levels in 2020.
Figure 18: Consumers delayed discretionary spending during the pandemic, but diamond jewelry retail was less affected than the personal luxury market.
Figure 19. After single-digit growth in recent years, the global diamond market was materially impacted by the pandemic and economic downturn in 2020.
Figure 20. Despite challenges in 2019 and the first half of 2020, key markets are showing signs of recovery.
Figure 21. After a significant drop at the start of 2020, key diamond jewelry markets demonstrated recovery trends in the second half of the year.
Figure 22. In 2020, diamond jewelry outpaced other jewelry segments due to the relatively strong performance of luxury jewelry in Asia.
Figure 23. Luxury bridal and luxury non-bridal diamond jewelry were the top-performing categories in the diamond jewelry market.
Figure 24. Covid-19 shaped and accelerated key diamond industry trends.
Figure 25. Covid-19 impacted diamond jewelry purchasing via lockdowns and an economic recession and stimulated changes in consumer behavior.
Figure 26. The current economic crisis is expected to be deeper than the one in 2009.
Figure 27. Interest in diamond jewelry dropped for three months, then reverted to 2019 levels in July.
Figure 28. Most consumers plan to spend the same amount or more on diamond jewelry when the pandemic ends.Figure 29: Diamond jewelry recovery is expected in the next two to four years, with the market returning to its pre-pandemic level in 2022 or 2023.Figure 30. Diamond jewelry recovery depends on the epidemiology of Covid-19, government actions and consumer behavior.Figure 31. E-commerce experienced a major boost in 2020.
Figure 32. Consumer shopping preferences are slowly shifting to online, however, specialized brand stores remain the most popular channels.
Figure 33. Consumers would buy diamond jewelry online from trustworthy brands that offer additional discounts.
Figure 34. Digital is part of the purchasing experience for more than half of buyers; only 25%–35% of younger consumers make in-store purchases without it.
Figure 35. Covid-19 accelerated the convergence of online and offline channels, forcing retailers to retool the customer engagement experience for the new normal.
Figure 36. The diamond industry’s sustainability agenda is set by multiple stakeholders: consumers, international organizations, investors and local communities.
Figure 37. Between 60% and 70% of younger generations consider sustainability when making a purchase decision.
Figure 38. When purchasing diamond jewelry, sustainability concerns could be a deal-breaker for consumers.
Figure 39. Fair working conditions, conflict-free products, the environment and carbon footprint are the most important sustainability factors for consumers.
Figure 40. Across the value chain, industry players focused on green energy, sustainable water consumption and biodiversity.
Figure 41. Social efforts are focused on traceability, human rights and local community support.
Figure 42. Lab-grown diamond capacity is increasing across the globe; current production is around 6 to 7 million carats. 
Figure 43. Retail price discounts for lab-grown diamonds vs. natural diamonds have slightly increased in the past year.
Figure 44. However, lab-grown diamonds still evoke mixed associations; most consumers deem them artificial and affordable.
Figure 45. Consumers across key markets do not see substantial differences in sustainability between lab-grown and natural diamonds.
Figure 46. The lab-grown segment is developing rapidly due to technological advancements and rising acceptance across the value chain.
Figure 47. “Diamond engagement ring” searches show stability despite downward-trending marriage rates; however, overall interest in “diamond jewelry” is declining.
Figure 48. In India and China, jewelry remains one of the most desirable presents.
Figure 49.  Self-purchase emerged as a top reason to buy diamond jewelry in the US and China.
Figure 50. Diamond marketing is becoming more sophisticated as retailers and other players address both traditional and emerging pressures.
Figure 51.  New marketing strategies should focus on intangible values and personalized communications.
Figure 52. Marketing spending in the diamond industry is around 1%–2% of retail sales and lags marketing efforts in other industries.
Figure 53.The Natural Diamond Council re-launched generic marketing efforts with new focused campaigns.
Figure 54. Marketing messages about exclusivity and rarity disproportionally resonate with consumers, while origin and sustainability trends are quite new.
Figure 55. A number of important recent trends will influence the whole value chain’s future.
Figure 56. Covid-19 impacted key markets in the short term, but the industry’s long-term macroeconomic and consumption outlooks remain positive.
Figure 57. Long-term scenarios for natural rough diamond demand and supply rely on key assumptions.
Figure 58. The long-term outlook for real global GDP and PDI is positive; both are expected to grow at 3% per year despite the Covid-19 recession.
Figure 59. Middle class and high-net-worth household growth in China and India will reinforce positive long-term demand.
Figure 60. Supply is expected to be almost flat over the next 10 years, with very few new projects coming online.
Figure 61. The supply-demand outlook is moderately optimistic.

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Date of Publishing: 2023.
No. of Pages: 67.

As extraordinary and resilient as the post-Covid rally in global private equity proved to be, it was ultimately no match for the Fed. For the first six months of 2022, the industry extended 2021’s record-shattering burst of deal activity, despite persistent inflation, the invasion of Ukraine, and growing tensions with China. Then, in June, when US central bankers issued the first in a series of three-quarter-point interest rate hikes—and their colleagues around the world followed suit—banks pulled back from funding leveraged transactions and dealmaking fell off a cliff, pulling exit and fund-raising totals down with it.

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Contents:

1. Perfect Storm or Tempest in a Teapot?

2. Private Equity Outlook in 2023: Anatomy of a Slowdown. 

3. Investments.

4. Exits.

5. Fund-raising.

6. Returns.

7. A Private Equity Lens on the Energy Transition.

8. Web3 Remains Highly Relevant for Private Equity.

9. Why Private Equity Is Targeting Individual Investors.

10. Solving for Private Equity’s Inflation Conundrum.

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Date of Publishing: February, 2022.
No. of Pages: 29.

Following rocky conditions in 2020, the diamond industry proved to be brilliant and resilient, and delivered a spectacular showing in 2021. Every sector of the diamond industry performed very well in 2021 and emerged from the Covid-19-induced crisis well-positioned for future growth. In 2020–21, the diamond industry invested heavily in technology to gain operational efficiency, create marketing and consumer experiences that attracted buyers, and accelerate e-commerce schemes. Even smaller mom-and-pop retailers added online sales platforms to reach consumers who couldn’t shop in person or travel due to government-instituted health measures.

And consumers were ready to spend. They were flush with cash from buoyant capital markets and economic stimulus programs, and eager to spend it on meaningful gifts for their loved ones (or rewards for themselves). Diamonds hit an emotional chord, which had been carefully cultivated by years of targeted marketing campaigns and storytelling. Diamond jewelry was also easier to access than other luxury and experience-based spending options.

Strong retail demand for diamond jewelry drove up prices and profit margins along the value chain. As rough diamond sales increased, miners increased production volumes and pulled from inventories to keep cutters and polishers busy. Healthy demand and price recovery for polished diamonds helped the midstream achieve decade-high margins.

In 2021, the industry had a renewed sense of value, which it answered through partnerships, consolidation, and technology. Now, every player along the value chain must add value—or remove hardship—on the path from mine to market.

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Contents:

1. Foreword.
2. Recent developments in the diamond industry.
3. Rough diamond production.
4. Cutting and polishing. 
5. Diamond jewelry retail. 
6. Midterm forecast.

Figure 1: Across the value chain, revenues recovered in 2021 and exceeded pre-pandemic levels.

Figure 2: Profit margins recovered in every segment. Combined, the mining and retail segments generated $7 billion more in profit compared to 2020.

Figure 3: Rough diamond sales rebounded more than 60% in 2021, surpassing pre-pandemic levels.

Figure 4: Rough and polished prices reached the historic average in 2021 but lagged behind industry peaks.

Figure 5: Prices for higher-quality polished diamonds continue to outperform lower-quality diamonds.

Figure 6: Production increased 5% in 2021 but is below pre-pandemic levels, limiting rough diamond supply.

Figure 7: Australia was the only major diamond-producing country with a production decline in 2021, driven by the permanent closure of its only mine.

Figure 8: Russia, Canada, and Botswana had the biggest production growth in 2021.

Figure 9: Upstream inventories declined ~40%, driven by high demand and slow production recovery, and are near the minimal technical level.

Figure 10: Major players almost fully recovered profitability in 2021.

Figure 11: As Covid-19 restrictions eased, cutting and polishing activities surged 84% globally; India grew fastest at 94%.

Figure 12: In India, net imports of rough diamonds increased 49% and net exports of polished diamonds rose 15% compared to 2019 pre-pandemic levels.

Figure 13: In 2021, consumer discretionary spending increased, boosting personal luxury and diamond jewelry sales.

Figure 14: The global diamond market was materially impacted by the pandemic and economic downturn in 2020 but recovered at double-digit rates in 2021.

Figure 15: Online searches of diamond jewelry were higher than pre-pandemic levels throughout the first nine months of the year.

Figure 16: Despite the downturn in 2020, key markets grew dramatically in 2021 and exceeded 2019 results.

Figure 18: In 2021, diamond jewelry outpaced most other jewelry segments, thanks to strong performances in Asia and the US.

Figure 19: In 2021, the share of e-commerce sales continued to grow in the US and China.

Figure 20: Large retailers experienced multiyear-high EBIT margins in H1 2021.

Figure 21: Several new drivers will influence the diamond market in the short- to midterm.

Figure 22: H1 2022 is expected to be strong; then two recovery scenarios are possible.

Figure 24: Players across the value chain should be prepared for short- and midterm market readjustments.

Figure 25: To sustain demand, diamond jewelry marketing must capture more Elements of Value.

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Date of Publishing:  March 17, 2022
No. of Pages: 37

Consents:

1. ИНФОРМАЦИОННЫЕ СООБЩЕНИЯ.

2. КРЕДИТНЫЕ ОРГАНИЗАЦИИ.

2.1. Приказ Банка России от 09.03.2022 № ОД-467 

3. НЕКРЕДИТНЫЕ ФИНАНСОВЫЕ ОРГАНИЗАЦИИ.

3.1. Приказ Банка России от 15.03.2022 № ОД-496.

4. СТАВКИ ДЕНЕЖНОГО РЫНКА.

4.1. Показатели ставок межбанковского рынка с 5 по 10 марта 2022 годаю

4.2. Итоги проведения депозитных аукционов.

5. ВНУТРЕННИЙ ФИНАНСОВЫЙ РЫНОК.

5.1. Валютный рынок.

5.2. Официальные курсы иностранных валют, устанавливаемые Банком России.

5.3. Рынок драгоценных металлов.

5.4. Динамика учетных цен на драгоценные металлы.

6. ОФИЦИАЛЬНЫЕ ДОКУМЕНТЫ.

6.1. Указание Банка России от 23.12.2021 № 6030-У “О внесении изменений в Положение Банка России от 24 сентября 2020 года № 732-П “О платежной системе Банка России”

6.2. Указание Банка России от 11.03.2022 № 6086-У “О порядке отражения на счетах бухгалтерского учета выданных займов, прочих предоставленных средств, размещенных банковских вкладов, приобретенных прав требований от третьих лиц исполнения обязательств в денежной форме, производных финансовых инструментов, привлеченных кредитов и займов, выпущенных облигаций и векселей, оцениваемых по справедливой стоимости, внебалансовых требований и обязательств по сделкам с ценными бумагами, совершаемым на возвратной основе, требований и обязательств по производным финансовым инструментам и прочим договорам (сделкам), по которым расчеты и поставка осуществляются не ранее следующего дня после дня заключения договора (сделки), отдельными некредитными финансовыми организациями, бюро кредитных историй, кредитными рейтинговыми агентствами”.

6.3. Указание Банка России от 11.03.2022 № 6087-У “О порядке отражения кредитными организациями на счетах бухгалтерского учета предоставленных кредитов, приобретенных прав требования от третьих лиц исполнения обязательств в денежной форме, производных финансовых инструментов, привлеченных кредитов и депозитов, выпущенных облигаций, векселей, депозитных и сберегательных сертификатов, оцениваемых по справедливой стоимости, внебалансовых требований и обязательств по сделкам с ценными бумагами, совершаемым на возвратной основе, требований и обязательств по производным финансовым инструментам и прочим договорам (сделкам), по которым расчеты и поставка осуществляются не ранее следующего дня после дня заключения договора (сделки)”.

6.4. Указание Банка России от 11.03.2022 № 6088-У “О внесении изменений в Указание Банка России от 14 марта 2019 года № 5094-У “О порядке установления и опубликования Центральным банком Российской Федерации официальных курсов иностранных валют по отношению к рублю”ю

6.5. Информационное письмо Банка России о комплексе мер по поддержке участников финансового рынка от 06.03.2022 № ИН-018-38/28.

6.6. Информационное письмо Банка России об особенностях исполнения требований нормативных актов Банка России от 14.03.2022 № ИН-018-38/33. 

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Digital Report - immediate delivery to your email.

Date of Publishing: October 2020.
No. of Pages: 45.
Language: English.

What is the concept of a digital ruble? What are its role and place in today’s monetary system? How can it help individuals, businesses, and society in general? What aspects are to be taken into consideration in the course of its implementation? A digital ruble will remain the Russian ruble which will be issued by the Bank of Russia in digital form in addition to the existing forms of money. Individuals will be able to transfer digital rubles to their electronic wallets and use them through their mobile and other devices both online and offline (that is without access to the Internet and mobile communication). A digital ruble will be an additional form of money and will be used alongside individuals’ and businesses’ cash rubles and funds in their commercial bank accounts. Depending on their needs, individuals and companies will be able to exchange their money from one form to another, i.e. from the digital form to cash or noncash funds in their bank accounts, and back. This requires special-purpose technologies that would enable the offline usage of a digital ruble. A digital ruble will combine the advantages of both cash and non-cash money.

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Contents:

1. THE ROLE OF A DIGITAL RUBLE IN MONEY CIRCULATION
1.1. A digital ruble as a form of money.
1.2. The Bank of Russia’s approach to developing a digital ruble.
2. APPLICABILITY OF A DIGITAL RUBLE.
2.1. Pre-requisites, consumer qualities and conditions of use of a digital ruble.
2.2. A digital ruble for households.
2.3. A digital ruble for businesses.
2.4. A digital ruble for government payments.
2.5. A digital ruble for capital markets and financial innovations.
2.6. Certain AML/CFT/CFPWMD issues.
2.7. Protection of digital ruble owners.
3. THE IMPORTANCE OF A DIGITAL RUBLE FOR THE CENTRAL BANK’S
POLICY TO MAINTAIN PRICE AND FINANCIAL STABILITY.
3.1. A digital ruble and monetary policy.
3.2. A digital ruble and financial stability.
4. MODELS AND MECHANISMS FOR IMPLEMENTING A CENTRAL BANK
DIGITAL CURRENCY.
4.1. Models of a central bank digital currency.
4.2. Mechanisms for the technical implementation of a CBDC.
4.3. Confidentiality.
5. INFORMATION SECURITY.
6. LEGISLATIVE AND REGULATORY CHANGES REQUIRED TO IMPLEMENT
A DIGITAL RUBLE.
7. APPENDIX. INTERNATIONAL DISCUSSION ON CENTRAL BANK
DIGITAL CURRENCIES.
TOPICS FOR PUBLIC DISCUSSION.
GLOSSARY.
ABBREVIATIONS.
REFERENCES.

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Date of Publishing: April 2022.
No. of Pages: 399.

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ОГЛАВЛЕНИЕ

1. ОБРАЩЕНИЕ ПРЕДСЕДАТЕЛЯ БАНКА РОССИИ К ЧИТАТЕЛЯМ.

1.1. Ключевые меры Банка России по поддержке граждан и бизнеса и стабилизации финансового рынка.

2. СОСТОЯНИЕ ЭКОНОМИКИ РОССИЙСКОЙ ФЕДЕРАЦИИ.

1.1. Макроэкономическая ситуация.

1.1.1. Внешнеэкономические условия.

1.1.2. Инфляция и экономическая активность.

1.1.3. Бюджетная политика, государственные финансы и государственный внутренний долг.

1.1.4. Платежный баланс, международная инвестиционная позиция и внешний долг Российской Федерации.

1.2. Финансовый сектор.

1.2.1. Денежно-кредитные агрегаты. Конъюнктура финансового и биржевого товарного рынков.

1.2.2. Участники финансового рынка.

1.2.2.1. Финансовые организации.

1.2.2.2. Инфраструктурные организации и другие участники финансового рынка. 1.2.3. Состояние конкурентной среды на финансовом рынке.

2. ДЕЯТЕЛЬНОСТЬ БАНКА РОССИИ.

2.1. Обеспечение ценовой стабильности.

2.1.1. Цели и основные меры денежно-кредитной политики.

2.1.2. Применение инструментов денежно-кредитной политики.

2.2. Защита прав потребителей и повышение доступности финансовых продуктов (услуг) для населения и бизнеса.

2.2.1. Защита прав потребителей финансовых услуг и инвесторов, повышение финансовой грамотности.

2.2.2. Повышение доступности финансовых продуктов и услуг для граждан и бизнеса.

2.3. Обеспечение устойчивости финансового рынка.

2.3.1. Обеспечение финансовой стабильности.

2.3.1.1. Мониторинг рисков для финансовой стабильности.

2.3.1.2. Меры макропруденциального регулирования для обеспечения финансовой стабильности.

2.3.2. Управление активами в иностранных валютах и драгоценных металлах.

2.3.3. Допуск на финансовый рынок.

2.3.3.1. Допуск на финансовый рынок участников.

2.3.3.2. Допуск на финансовый рынок финансовых инструментов.

2.3.3.3. Деятельность Комиссии по жалобам в связи с несоответствием требованиям к квалификации и деловой репутации.

2.3.3.4. Ведение Банком России перечней контролирующих лиц финансовых организаций.

2.3.4. Регулирование.

3.4.1. Кредитные организации, банковские группы, банковские холдинги.

2.3.4.2. Инфраструктурные организации.

2.3.4.3. Негосударственные пенсионные фонды.

2.3.4.4. Профессиональные участники рынка ценных бумаг.

2.3.4.5. Субъекты страхового дела.

2.3.4.6. Субъекты рынка микрофинансирования.

2.3.4.7. Субъекты национальной платежной системы.

2.3.4.8. Другие участники.

2.3.4.9. Оптимизация регуляторной нагрузки на участников финансового рынка.

2.3.5. Надзор.

2.3.5.1. Дистанционный надзор.

2.3.5.2. Контактный надзор.

2.3.6. Финансовое оздоровление финансовых организаций.

2.3.7. Прекращение деятельности финансовых организаций.

2.3.8. Противодействие недобросовестному поведению на финансовом рынке.

2.3.9. Валютное регулирование и валютный контроль.

2.3.10. Противодействие легализации (отмыванию) доходов, полученных преступным путем, и финансированию терроризма.

2.3.11. Развитие конкуренции на финансовом рынке.

2.3.12. Совершенствование инструментария и инфраструктуры финансового и биржевого товарного рынков.

2.3.13. Совершенствование корпоративных отношений и корпоративного финансирования.

2.3.14. Совершенствование бухгалтерского учета и бухгалтерской (финансовой) отчетности финансовых организаций.

2.4. Развитие национальной платежной системы.

2.4.1. Развитие рынка платежных услуг.

2.4.2. Сервисы Банка России.

2.4.3. Наличное денежное обращение

2.4.4. Цифровой рубль.

2.5. Развитие технологий и поддержка инноваций на финансовом рынке.

2.5.1. Содействие цифровизации финансового рынка.

2.5.2. Цифровизация регуляторной и надзорной деятельности.

2.5.3. Обеспечение информационной безопасности и повышение киберустойчивости.

2.6. Содействие устойчивому развитию.

2.6.1. Развитие рынка финансовых инструментов и инфраструктуры устойчивого развития, создание условий и возможностей для компаний по ESG-трансформации бизнеса.

2.6.2. Анализ и учет ESG-рисков.

2.6.3. Развитие системы торговли углеродными единицами.

2.6.4. Внедрение подходов, способствующих достижению целей устойчивого развития, в операционную деятельность Банка России.

2.7. Другие направления деятельности.

2.7.1. Информационная политика.

2.7.2. Экономические исследования.

2.7.3. Статистическая деятельность.

2.7.4. Управление данными в Банке России.

2.7.5. Совершенствование индикаторов денежного рынка.

2.7.6. Развитие информационных технологий в Банке России.

2.7.7. Обучающие мероприятия Банка России для внешней аудитории.

2.7.8. Международное взаимодействие и сотрудничество.

2.7.9. Участие Банка России в капиталах российских хозяйственных обществ.

2.7.10. Участие Банка России в капиталах международных организаций.

2.7.11. Совершенствование законодательства.

2.7.12. Административно-правовая работа.

2.7.13. Судебная работа.

3. ОРГАНИЗАЦИОННОЕ РАЗВИТИЕ БАНКА РОССИИ.

3.1. Обучение и развитие персонала Банка России.

3.2. Развитие процессного управления.

3.3. Развитие проектного управления.

3.4. Изменения в организационной структуре.

3.5. Внутренний аудит и управление операционными рисками Банка России.

3.6. Закупки Банка России.

4. ГОДОВАЯ ФИНАНСОВАЯ ОТЧЕТНОСТЬ БАНКА РОССИИ И АУДИТОРСКИЕ ЗАКЛЮЧЕНИЯ.

5. ПРИЛОЖЕНИЯ.

5.1. Перечень мероприятий по реализации единой государственной денежно-кредитной политики.

5.2. Инструменты поддержки ликвидности банков с целью обеспечения их финансовой устойчивости. Специализированные механизмы рефинансирования.

5.3. Реализация основных направлений развития финансового рынка.

5.4. Статистические таблицы.

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PDF-friendly

Date of Publishing:  November, 2023
No. of Pages: 51

На сегодняшний день ИИ уже широко используется участниками российского финансового рынка в различных бизнес-процессах: для взаимодействия с клиентами, управления рисками, аналитики, мониторинга и совершения операций и так далее. При этом потенциал дальнейшего расширения использования ИИ финансовыми организациями представляется значительным. ИИ может повышать эффективность финансовых организаций и качество оказываемых ими услуг.

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Оглавление:

1. Ключевые тезисы.

2. Определение и основные технологии искусственного интеллекта.

3. Глобальные тренды развития искусственного интеллекта.

4. Применение технологий искусственного интеллекта на финансовом рынке.

5. Условия развития искусственного интеллекта на российском финансовом рынке.

6. Риски искусственного интеллекта на финансовом рынке.

7. Подходы к регулированию искусственного интеллекта. 

8. Зарубежный опыт регулирования искусственного интеллекта.

9. Подходы к регулированию искусственного интеллекта на российском финансовом рынке. 

10. Вопросы для общественного обсуждения. 

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Date of Publishing: March 2023.

No. of Pages: 36.

В 2022 году банкам удалось выйти на прибыль в 203 млрд руб. В 2022 году портфель кредитов компаниям заметно вырос (+7,2 трлн руб., или 14,3%), в основном за счет замещений внешних долгов, финансирования застройщиков жилья, промышленных и торговых компаний. Нефтегазовые и горно-металлургические компании активно конвертировали валютные кредиты в рублевые, но почти не нарастили долг перед банками. Качество кредитов ожидаемо ухудшилось, но осталось приемлемым с учетом созданных резервов.

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Contents:

1. Ключевые события сектора в 2022 году.

2. Розничные кредиты.

3. Корпоративные кредиты.

4. Ценные бумаги.

5. Фондирование.

6. Ликвидность.

7.  Капитал.

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REPORT IN RUSSIAN LANGUAGE.

Date of Publishing: 2023.
No. of Pages: 44.

Оглавление:

1. Международная повестка.

2. Текущее состояние и проблемы рынка ESG-рейтингов.

3. Предполагаемый подход Банка России к гармонизации ESG-рейтингов.

Приложение: Рекомендации по разработке методологии и присвоению ESG-рейтингов.

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RUSSIAN LANGUAGE

Date of Publishing: December 2021
No. of Pages: 38

В фокусе Основных направлений 2022 – 2024 годов – дальнейшее развитие конкуренции на финансовом рынке, повышение доступности, качества и ассортимента финансовых услуг, снижение рисков и издержек в финансовой сфере, повышение уровня конкурентоспособности российских технологий при одновременном обеспечении кибербезопасности и поддержании финансовой стабильности. Реализация Основных направлений 2022 – 2024 годов будет осуществляться Банком России во взаимодействии с государственными органами, участниками финансового рынка и иными организациями.

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1. Введение
2. Итоги реализации Основных направлений развития финансовых технологий на период 2018 – 2020 годов.
3. Международные тренды.
4. Трансформация потребностей и поведения клиентов.
5. Формирование экосистем финансовых и нефинансовых сервисов.
6. Применение открытых API в финансовых и нефинансовых секторах экономики.
7. Повсеместное применение технологий.
8. Ужесточение регулирования криптовалют и развитие цифровых валют центральных банков.
9. Усиление операционных рисков и рисков в области информационной безопасности.
10. Уровень цифровизации финансового рынка в России.
11. Приоритеты развития рынка финансовых технологий для участников рынка.
12. Цели и основные направления цифровизации финансового рынка на 2022 – 2024 годы.
13. Развитие регулирования.
13.1. Развитие правового обеспечения Цифрового профиля.
13.2. Развитие правового обеспечения национальной платежной системы.
13.3. Развитие регулирования системы «Маркетплейс».
13.4. Регулирование открытых API.
13.5. Развитие регулирования в области оборота данных.
13.6. Правовое обеспечение создания Единой информационной системы проверки сведений об абоненте.
13.7. Развитие правового обеспечения экспериментальных правовых режимов.
13.8. Создание правовых условий для электронного хранения документов.
13.9. Регулирование экосистем.
13.10. Развитие регулирования цифровых финансовых активов и краудфандинга.
13.11. Правовое обеспечение цифрового рубля.
13.12. Правовое обеспечение создания сервиса Знай своего клиента.
13.13. Совершенствование законодательства в целях цифровизации исполнительного производства.
13.14. Совершенствование законодательства в целях цифровизации страховой медицины.
14. Реализация инфраструктурных проектов.
14.1. Развитие Единой биометрической системы.
14.2. Развитие инфраструктуры Цифрового профиля.
14.3. Развитие Системы быстрых платежей.
14.4. Развитие Национальной системы платежных карт.
14.5. Развитие системы «Маркетплейс».
14.6. Развитие открытых API.
14.7. Создание платформы коммерческих согласий.
14.8. Цифровизация ипотеки.
14.9. Разработка и пилотирование платформы цифрового рубля.
14.10. Создание сервиса «Знай своего клиента».
14.11. Цифровизация платежей и начислений ЖКХ.
14.12. Цифровизация исполнительного производства.
14.13. Цифровизация страховой медицины.
15. RegTech, SupTech.
16. Экспериментальные правовые режимы.
17. Информационная безопасность.
17.1. Обеспечение возможности использования сервиса облачной УКЭП участниками финансового рынка.
17.2. Обеспечение всех поднадзорных организаций УКП
17.3. Формирование среды доверия при удаленном предоставлении финансовых услуг и сервисов.
17.4. Снижение уровня потерь по операциям, совершаемым с использованием дистанционных каналов обслуживания, включая социальную инженерию.
17.5. Внедрение института киберучений как основного механизма стресс-тестирования при осуществлении надзора в части оценки киберрисков.
17.6. Развитие информационного обмена ФинЦЕРТ с участниками кредитно-финансовой сферы в части противодействия компьютерным атакам.

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Date of Publishing:  December 2021
No. of Pages: 103

Особое внимание на трехлетней перспективе Банк России совместно с Правительством Российской Федерации уделено вопросам учета факторов устойчивого развития и ESG-факторов4 в работе финансового рынка, его цифровизации, применения новых технологических решений, повышения безопасности использования гражданами инструментов финансового рынка и создания благоприятных условий для привлечения компаниями долгового и долевого финансирования на всех стадиях функционирования бизнеса.

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ОГЛАВЛЕНИЕ:

Введение.
Раздел 1. Цели, принципы и инструменты политики по развитию российского финансового рынка.
Раздел 2. Текущее состояние, возможности и вызовы для развития российского финансового рынка..
Раздел 3. Направления развития российского финансового рынка.
3.1. Повышение защищенности потребителей финансовых услуг и инвесторов, повышение финансовой грамотности.
3.2. Содействие цифровизации.
3.3. Повышение доступности финансовых услуг для граждан и бизнеса.
3.4. Содействие конкуренции на финансовом рынке.
3.5. Обеспечение финансовой стабильности.
3.6. Расширение вклада финансового рынка в достижение целей устойчивого развития и ESG-трансформации российского бизнеса.
3.7. Содействие развитию долгосрочного финансирования (длинных денег).
3.8. Развитие регулирования секторов финансового рынка.
Раздел 4. Риски для развития российского финансового рынка.
Приложение 1. Индикаторы мониторинга развития финансового рынка Приложение 2. О реализации Основных направлений развития финансового рынка Российской Федерации на период 2019–2021 годов.
Приложение 3. Документы по вопросам развития финансового рынка, упомянутые в тексте.
Глоссарий.
Список сокращений.
Врезка 1. Поведенческая экспертиза.
Врезка 2. Проекты по повышению финансовой доступности на Дальнем Востоке, в Южном и Северо-Кавказском федеральных округах.

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Date of Publishing: April, 2021.
No. of Pages: 38.

Одной из стратегических целей деятельности Банка России является обеспечение стабильности и развития национальной платежной системы (НПС). Динамичное развитие российского платежного рынка, в том числе за счет активного внед-рения инноваций, вывело Россию на первое место в мире по темпам роста безналичных платежей и позволило с 2018 года войти в пятерку мировых лидеров по их количеству.
В то же время сформировались новые вызовы, существенно влияющие на развитие российского платежного рынка. Платежная индустрия, как и общество в целом, проходит цифровую трансформацию. Потребители становятся более требовательны к скорости, стоимости и доступности платежных услуг. Для создания инновационных платежных продуктов и сервисов поставщики платежных услуг широко внедряют новые технологии. Международные бигтех-компании активно внедряются в новые сферы, в том числе на российский платежный рынок. Также многократно повышаются требования к обеспечению информационной безопасности и формированию доверенной среды в платежной отрасли.

Стратегия развития НПС на 2021 – 2023 годы направлена на создание благоприятных условий для предоставления потребителям удобных, безопасных и доступных платежных услуг, развитие конкурентного и инновационного платежного рынка, совершенствование платежной инфраструктуры.

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СОДЕРЖАНИЕ:
Введение
1. Текущее состояние НПС.
1.1. Регулирование.
1.2. Инфраструктура НПС.
1.3. Поставщики платежных услуг.
1.4. Потребители платежных услуг.
2. Международные и российские тренды и вызовы платежного рынка.
2.1. Трансформация клиентского опыта и моделей потребления.
2.2. Новые технологии в платежах.
2.3. Новые участники платежного рынка.
2.4. Бесшовное взаимодействие и интероперабельность.
2.5. Конкуренция в платежной сфере.
2.6. Усиление влияния регуляторов.
3. Направления развития НПС на 2021 – 2023 годы.
3.1. Развитие регулирования в НПС.
3.2. Развитие национальной платежной инфраструктуры.
3.3. Развитие конкуренции и технологий на платежном рынке.
3.4. Развитие международного сотрудничества в платежной сфере.
4. Ожидаемые результаты Стратегии развития НПС на 2021 – 2023 годы.
5. Риски при реализации Стратегии развития НПС на 2021 – 2023 годы.
6. Ключевые показатели реализации Стратегии развития НПС на 2021 – 2023.

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Date of Publishing: 2023.
No. of Pages: 170.

As we begin 2023, Africa’s development is threatened by multiple crises. This time is distinctly different from past episodes, first in the increased frequency of crises, as well as the persistence and deepening of climate and conflict crises. While in 2008/2009 Africa was able to use debt to weather the financial crisis, today, rapidly rising global interest rates and the absence of a well-functioning framework for comprehensive debt reduction and relief, threaten to cut access to international financial markets for many countries. Moreover, deglobalization trends could limit Africa’s ability to use international trade to drive growth.

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Contents:

1. ECONOMIC RECOVERY AND GROWTH: TACKLING MULTIPLE HEADWINDS.

1.1. Priority actions to address Africa’s economic recovery.

1.2. African economies and overlapping crises: How to respond to the rising global headwinds?

1.3. Staying the course: Strengthening fundamentals despite adversity.

1.4. Nigeria in 2023: Bridging the productivity gap and building economic resilience.

1.5. Africa’s sovereign finance toolbox: Building resilience for a sustainable future.

1.6. The banking sector as a partner in Africa’s recovery: A perspective from Ecobank Group.

1.7. Self-organizing Nigeria: The antifragile state.

1.8. In search of new ideas for Africa’s recovery: Sports and creative industries as game changers.

2. FOOD SECURITY: STRENGTHENING AFRICA’S FOOD SYSTEMS

2.1. Food security in Africa: Current efforts and challenges.

2.2. Securing Africa’s food sovereignty.

2.3. Getting rice right in Liberia.

2.4. Financing food systems resilience in Africa: A starting point for transformation.

2.5. Recurrent food crises underscore the need for food system transformation.

3. EDUCATION AND SKILLS: EQUIPPING A LABOR FORCE FOR THE FUTURE.

3.1. Strengthening education systems in Africa.

3.2. Educate to adapt, adapt to educate.

3.3. International education financing will make or break the SDGs.

3.4. Stem education in Africa: Risk and opportunity.

3.5. To prosper, Africa’s children and youth must learn.

3.6. Foundational skills for a more inclusive Fourth Industrial Revolution (4IR) in Africa.

3.7. Learning on the move: Resetting the agenda for education and learning in conflict-affected settings.

4. HEALTH: ASSURING HEALTH SECURITY FOR ALL.

4.1. Finishing the job on HIV/ AIDS.

4.2. Leveraging lessons from COVID-19 to build stronger health systems.

4.3. Confronting global inequalities to end HIV/AIDS.

4.4. Empowering frontline workers to develop and deliver health care solutions.

4.5. Ethiopia’s lessons from COVID-19.

4.6. Building Africa’s capacity for pandemic and epidemic intelligence.

4.7. Using information and communication technology to improve mental health in Africa.

5. GENDER: CLOSING THE EQUITY GAP. 

5.1. Why addressing gender inequality is central to tackling today’s polycrises.

5.2. Strengthening fiscal policy for gender equality systems.

5.3. Closing the gender gap through digital and social inclusion: The Togolese case.

5.4. COVID-19 shed light on the challenges facing Africa’s women: The recovery must bring them out of the shadows.

5.5. Equal power, faster progress: A recipe for Africa’s transformation.

5.6. Women and access to justice in Africa: Women cannot wait another 100 years.

6. CLIMATE CHANGE: ADAPTING TO A NEW NORMAL.

6.1. Turning political ambitions into concrete climate financing actions for Africa.

6.2. The charge due to custodians of the world’s lungs.

6.3. The case for climate financing.

6.4. Climate adaptation finance in Africa.

6.5. Gold mining, climate change, and Africa’s transition.

6.6. Global decarbonization: Industrial opportunities for Africa.

6.7. Managing the compounding debt and climate crises.

6.8. Africa’s Blue Economy can continue to deliver huge benefits to the continent.

7. AFRICA’S CITIES: REALIZING THE NEW URBAN AGENDA. 

7.1. Lagos: The challenges of managing a megacity.

7.2. Kisumu: A secondary city with grand ambition.

7.3. Urban economic development in Africa: A case study of Nairobi city.

7.4. Cape Town: Lessons from managing water scarcity.

7.5. Enhancing climate adaptation: The role of climate resilient housing in Africa’s cities.

7.6. How can cities create better jobs in sub-Saharan Africa.

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Digital Report - immediate delivery to your email.

Date of Publishing: January 2022.
No. of Pages: 74.

I am excited to invite you into the Christie’s Education community. Here you will find a catalogue of rich, diverse art world courses unique to Christie’s Education, offered on a global scale. Courses are designed to meet your learning aspirations and consist of our core online programming, the new Master class Certificate selection, and a wide range of one-off live and virtual classes. You will have the opportunity to experience a handson approach to study both inside and outside the classroom and learn the
business of art directly from art world professionals.

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 Contents:

1. FOREWORD
2. MEET THE TEAM
3. ONLINE COURSES:
3.1. Art Market Economics.
3.2. Art Law.
3.3. History of Jewellery Design: 1880 to Now.
3.4. Watches.
3.5. 20th Century & Contemporary Design.
3.6. The Great Masters of European Art 1350–1850. 
3.7. Modern Art.
4. SEMESTER CERTIFICATE COURSES
4.1. Luxury Masterclass Certificate.
4.2. Art Business Masterclass Certificate.
4.3. From Passion to Investment: 20th Century Western Art Collecting. 
4.4. Negotiating the Art Market: Collecting, Buying and Selling Art.
4.5. Stories of European Art: A New Perspective of Art History.
4.6. Principles and Practice of Western Art History: Techniques, Theories and
Close Looking.
5. SHORT COURSES: IN-PERSON
5.1. LONDON
5.1.1. London Art Now.
5.1.2. Gothic to Modern: Exploring 1000 Years of Art through London Gallery Visits 
The Christie’s Exploring Art Tours: Florence.
5.2. NEW YORK
5.2.1. Issues in Authenticity.
5.2.2. Latin American Art.
5.2.3. Jewelry Jaunts.
5.2.4. Art in the City – New York.
5.2.5. Controversies in the Conservation of Modern and Contemporary Art.
5.2.6. Conversations in Contemporary Art.
5.2.7. New York Art Now.
5.3. HONG KONG
5.3.1. One Day in the Art World with Christie’s Education.
5.3.2. Connoisseurship and the Market: Chinese Paintings.
5.3.3. Masterclass: Secrets of Painting.
5.3.4. Connoisseurship and the Market: Chinese Ceramics.
5.3.5. The Languages of Contemporary Art: From Abstraction to Pop to NFTs.
5.3.6. Hands-On Luxury: A Beginner's Guide to Collecting Handbags.

6. SHORT COURSES: VIRTUAL
6.1. ASIAN ART
6.1.1.Close Encounters with Japanese Woodblock Prints: Making, Meaning and Impact.
6.2. ART BUSINESS
6.2.1. From Cocktails to Conservation: the Care, Feeding and Maintenance of Your Art Collection.
6.2.2. An Introduction to Art Advisory.
6.2.3. The Art Market Online: An Essential Guide.
6.2.4. Marketing, Communications and PR for the Art World.
6.2.5. The Ultimate Guide to Opening a Gallery.
6.3. ART HISTORY
6.3.1. Discovering Artists.
6.3.2. Provenance and Restitution: The Stories Behind the Art.
6.3.3. How to Read a Painting: From Old to Modern Masters.
6.3.4. Women who Love Women: Representations of Lesbian Love.
6.3.5. Ladies at their Mirror: Self-Portraits by Women From Antiquity to Modernity.
Treasures of the Dutch Golden Age.
6.3.6. Tales from the Seas.
6.4. LUXURY
6.4.1. Studio Jewelry: From Mid-Century Pioneers to Contemporary Jewelry Masters.
6.5. MODERN AND CONTEMPORARY
6.5.1. Mapping the Art World: The Rise of Market for Modern and Contemporary Art.
6.5.2. Charting the Modern.
6.5.3. Charting the Contemporary.
6.5.4. Interior Design: The Legends.
6.5.5. Conversations in Street Art.
6.5.6. Street Art: From Basquiat to Banksy.
6.6. NFT
6.6.1. NFTs, Blockchain and the Metaverse: What They Are and How to Use Them.
6.6.2. From Net Art to Beeple: NFTs in Context.
6.7. PHOTOGRAPHY
6.7.1. A Peek Behind the Photograph: Conversations with the Dealers.
6.7.2. How to Buy Photographs at Auction: Bidding, Tips and a Visit with the Specialist.
6.7.3. Art In Focus.
7. COURSE CALENDAR

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Digital Report - immediate delivery to your email.

Date of Publishing: 2023.
No. of Pages: 16.

For colored diamonds, the aspect of color far outweighs the other “C’s” (clarity, cut, and carat weight) in the determination of value. Therefore, it is critical to understand the relationship of color appearances that affect color grades and descriptions. For most people, color is an intuitive response rather than a true knowledge of the systematic ordering of color appearances. Both, however, are crucial when the romance of color also becomes the business of color. GIA has developed this booklet of color reference charts to help the diamantaire, retailer, and consumer understand the ways in which diamond color appearances transition and relate. Color is described using three attributes: hue (the appearance of red, blue, green, or anything in between), tone (the relative lightness or darkness of a color), and saturation (the relative strength or weakness of a color). The color appearance of a gem is the result of a combination of these three attributes. By standardizing the organization of these three attributes, a color’s appearance can be located in color space. The manner in which GIA organizes color is reflected in the tone/saturation charts in this booklet. Understanding this organization will help the reader grasp the relationship of GIA’s color grades and descriptions.

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Contents:

1. Introduction.

2. Hue Circles.

2.1. Continuous.

2.2. Lighter Tone.

2.3. Darker Tone.

3. Diamond Color Reference Charts.

3.1. Yellow (Cooler). 

3.2. Yellow (Warmer).

3.3. Orange-Yellow.

3.4. Yellow-Orange.

3.5. Orangy Pink.

3.6. Pink.

3.7. Purplish Pink.

3.8. Blue.

3.9. Yellow-Green.

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DURATION:  EVERY SATURDAY, 10AM – 2PM EST Time Zone (New York)

VIRTUAL DELIVERY: ZOOM. You are able to access virtual courses from any location.

Fundamentals of Corporate Credit Analysis provides a solid foundation of best practice tools and techniques for fundamental credit analysis.

The two-day course concentrates on single obligor analysis, both qualitative and quantitative. The topics covered enable credit practitioners to review real market situations and assess cash flow and credit implications.

The course begins by introducing credit risk, its components and its drivers. The course then dives into business risk assessment and group structure risks. After examining financial statements, including accounting concepts and principles, the course concludes with a review of financial analysis and its four main risk areas.

WHO SHOULD ATTEND? – Business owners, relationship managers, credit risk analysts, lending officers, investment bankers, students.

BY THE END OF THIS COURSE, YOU WILL BE ABLE TO: 

• Apply a structured approach to corporate credit risk assessment.
• Calculate and interpret key financial ratios used in the credit rating process.
• Interpret financial statements for their effectiveness, relevance and vulnerability.
• Define key business risks (country, industry, market, consumer).
• Use data bases and public resources related to credit risk.
• Prepare Credit Memorandum.

Please contact us at info@redline-analytics.com to get more details.

Digital Report - immediate delivery to your email.

Date of Publishing: August, 2020.
No. of Pages: 13.

Several private companies are developing plans to take paying customers to space on a regular basis.

Before boarding a rocket to space, or even just to the edge of space, passengers are required to sign a waiver acknowledging known risks of spaceflight. However, aerospace medical experts recognize many health risks associated with spaceflight are still not well understood, and very little research has been done on medical consequences of such flights on the health of untrained participants.

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Contents

1. Introduction.
2. History and Development of a Space Tourism Sector.
 - New Entrants
- Accommodations in Orbit .
3. Regulating Space Tourism.
- Federal Aviation Administration Oversight Responsibilities.
- Interagency Medical Standard Recommendations.
- Medical Concerns for Spaceflight Participants.
- 7 “G” Forces.
- Oxygen Deprivation and Effects of Fluid Redistribution. 
- Vestibular Complications.
- Training Guidelines.
- Insurance and Liability Issues. 
4. Accident Investigation. 
5. Considerations for Congress.
6. Contacts Author Information.

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Digital Report - immediate delivery to your email.

Date of Publishing: 2023.
No. of Pages: 438.

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Contents:

1. Wealth and the global art market.

2. Art & Wealth Management Survey.

3. Art wealth protection, estate planning and philanthropy.

4. Culture & social impact investment and sustainability.

5. Art secured lending.

6. Art and investment.

7. Art and technology.

8. Risk Management and regulation.

9. Conclusion.

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Digital Report - immediate delivery to your email.

Date of Publishing: 2021
No. of Pages: 313

The recent trends and developments covered in this report indicate that art and finance industry will thrive from new innovations and technological advancement and adoption in the next 5 years, as well as a growing interest in art and collectibles. On a more macro level, there are strong signs that art and culture could become a key driver for socio-economic growth and help address many of our societal issues and challenges. This could open the art and cultural sector to a far broader spectrum of financial services, such as the growing market for impact investments, cultural bonds and new philanthropy models, which are underpinned by technology.

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Contents:
1. Introduction.
1.1. Key Report Findings 2021.
1.2. Priorities.
1.3. The Big Picture.
2. Wealth and The Global Art Market.
2.1. Highlights.
2.2. Introduction.
2.2.1. Art and Collectible Walt Review.
2.2.2. Global Art Market Review.
3. Art Wealth Protection, Estate Planning and Philanthropy.
3.1. Highlights.
3.2. Introduction.
3.2. Art and Wealth Protection.
3.3. Art and Estate Planning and Philanthropy.
4. Culture and Social Impact Investment and Sustainability.
4.1. Highlights.
4.2. Introduction.
4.2.1. Global Shifts in Sustainability.
4.2.2. CCS and Sustainable Impact Investment.
4.2.3. Reinventing Smart Cities Through Culture.
5. Art-Secured Lending.
5.1. Highlights.
5.2. Introduction
5.3. Size and Structure of the Art Lending Market.
5.4. Survey Findings 2021.
6. Art and Investment.
6.1. Highlights.
6.2. Introduction.
6.2.1. A Post-pandemic Look at the Performance of Art as an Asset Class.
6.2.2. Survey Findings 2021.
6.2.3. New Developments: Art Investment Products and Services.
7. Art and Technology.
7.1. Highlights.
7.2. Introduction.
7.2.1. Survey Findings 2021 - Technology.
7.2.2. Blockchain and Tokenization.
7.2.3. Data and Technology Ecosystem.
8. Risk Management and Regulation.
8.1. Highlights.
8.2. Introduction.
8.2.1. Survey Findings 2021.
8.2.2. Regulation - A Focus on AML Efforts.
8.2.3. Risk Management Legal and Regulatory Developments.

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