18 May 2013
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A HOUSE HOPELESSLY DIVIDED
09 May 2013
There is one World Diamond Council (WDC). But now there are two diamond worlds. Though, ostensibly, all delegates attending the WDC's ninth annual general meeting (AGM) this week in Tel...
JATIN MEHTA: NEW GLOBAL GEM-QUALITY SYNTHETIC DIAMOND CZAR
11 October 2012
The four last remaining officers and directors of the Gemesis Diamond Company, as well as most of the U.S. gem-quality synthetic diamond producer's shareholders, have been compelled to ...
THE FINE LINE BETWEEN DIPLOMACY AND PRESSURES: WILL THE KPCS CUP OF ACHIEVEMENTS BE VIEWED AS HALF FULL OR HALF EMPTY?
27 September 2012
The Kimberley Process Certification Scheme (KPCS) Chair, Ambassador Gillian Milovanovic, stands a good chance of entering the annals of the organization as the one Chairperson who has d...
U.S. DISTRICT COURT DENIES NEW YORK JURISDICTION IN ‘RICO' SUIT AGAINST ANTWERP DIAMOND BANK AND CLOSES THE CASE; LKI HAS FILED AN APPEAL
13 September 2012
The four-year legal "money collection" journey by Lazare Kaplan International (LKI) principals Maurice and Leon Tempelsman to "recover" some US$135 million or more that they claim was s...
AUGUST 16, 2012: BYE, NICKY; HI, CYNTHIA
22 August 2012
The final check was for US$5.2 billion. With the money in the bank, Nicky Oppenheimer cleared his desk and moved out of his offices. With a final click on his e-mail's "send" button, Ni...
A WINDOW INTO DTC PURCHASES AND PRICES: A STORY GOING SOUTH
12 July 2012
Historically, the De Beers internal transfer-pricing policies and price setting were, to make an understatement, rather opaque. Over the past 15 years, since Gary Ralfe first assumed th...
REMEMBERING JWANENG'S MOTSHWARI RASEITEO
05 July 2012
Sitting in the lounge at the Walmont Grand Palm hotel in Gaborone, I couldn't help overhearing some buzz about "the Jwaneng Accident" and the "closing of the mine." It didn't take long ...
FREEZING-COLD DIAMONDS IN TORONTO
08 March 2012
The ultimate places to get to know tomorrow's diamond producers are at the two major annual conventions of exploration and producer companies, which take place in Africa (Indaba) or in ...
REFLECTING ON THE DE BEERS 2011 PERFORMANCE
26 February 2012
The recently released De Beers annual results provide a treasure of fascinating information for the diamond industry. Foremost, we have the issue of DTC rough diamond selling prices. Th...
LLOYDS, ZALE, MYTHS, FACTS AND OFACS....
19 January 2012
A diamond jewelry chain has the right to set its terms when deciding from whom to source its polished diamonds.
THE FINAL DAYS OF THE OPPENHEIMER DIAMOND DYNASTY
09 November 2011
De Beers Chairman Nicky Oppenheimer called it a "bittersweet time." Those who talked to Nicky after the dramatic, though not wholly unexpected, announcement of the Oppenheimer family's ...
A PAC OF LIES
12 October 2011
Lawyers, academics, politicians and criminals all have their own language. For instance, when criminals extort money, they may use various terms such as a "donation" or "protection mone...
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