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Breaking the Concrete Floor

A month ago, we published a column entitled “Fair Warning” which focused on the problematic economic situation ahead. It mostly examined external economic changes, and their impact on the global diamond and jewelry industry. That column was written a few days after the closing of the JCK Las Vegas show. Following the show, about 80% […]

Supply Versus Profit

The first half of 2012 ended in a state of despair for the diamond industry. Prices have ‎softened and trading is muted all around. De Beers and ALROSA have reduced supplies but ‎maintained high prices, despite that liquidity in the manufacturing sector has tightened.‎

How I’m Not Moderating the Panel of A Lifetime

At first glance, the details were promising. The Asia Diamond Trading & Investment Summit 2012, to be held in Shanghai in October, has all the ingredients for a fascinating conference on a topical issue – diamonds as an investment opportunity.  The themes of the two-day conference include “Understanding the global investment diversification – balancing the risk and reward [sic]” […]

Trust and Verification

Diamonds are a very complex product due to their high degree of quality and price differentiation. There are thousands of shape, size, color, clarity and cut combinations traded in markets with restricted price and availability information.

Global Witness Ties Diamond Business with Funding Mugabe’s Military

Global Witness called for urgent action to prevent a businessman in China from financing Zimbabwe’s President Robert Mugabe’s military regime.  According to the group’s report published today, ”Financing a Parallel Government?,” Global Witness revealed that Zimbabwe’s Central Intelligence Organisation (CIO) received financing from a Hong Kong-based businessman at the same time that the CIO is […]

Diamond smuggling, illegal activity plague Zimbabwe

Even though Zimbabwe’s cabinet agreed last week to ensure that diamond revenue is remitted to the treasury, smuggling, looting and leaks in the pipeline will remain serious problems unless urgent measures are taken to curb them. When Zimbabwe held mass diamond sales in India in November 2011, bargain hunters from as far as Israel, Lebanon and China […]