19 May 2013
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INDIA'S DIAMOND WOES
16 May 2013
Last year was a lousy year for the global diamond industry. Nowhere is that more visible than in India. In recent months, India's troubles have been mounting even more, as the banks, sh...
TRILLIONS OF RUSSIAN CARATS A 'NON-STORY': NO SECRET, NO NEWS, NO GEMS, NO IMPACT ON SUPPLIER OR PRICES
19 September 2012
The Itar-Tass News Agency, duly and uncritically copied by an international media frenzy, could hardly find more market-inflammatory language: "Russia has declassified data on a large d...
FACING REALITY: KP WILL TRIGGER INDUSTRY'S STRUCTURAL TRANSFORMATION - POLISHED DIAMOND CERTIFICATION PART OF AFTERMATH
30 August 2012
The time has come to face reality. There is now a concrete proposal on the table to change the Kimberley Process's (KP) definition of the term "conflict diamonds." Human rights violatio...
THE IMPLICATIONS OF THE PROPOSED NEW ‘CONFLICT DIAMOND’ DEFINITION
09 August 2012
In about three months, the Kimberley Process Certification Scheme (KPCS) Plenary will convene in Washington, D.C., where KPCS Chair Ambassador Gillian Milovanovic's proposed amended def...
BOTSWANA WILL NOT INCREASE ITS STAKE IN DE BEERS
01 August 2012
The government of Botswana has formally announced its decision not to exercise its pre-emptive rights to acquire an additional 10 percent shareholding in De Beers. Last week, the govern...
SIERRA LEONE TRANSFORMS INTO A ‘DOMINANTLY PRIMARY RESOURCE’ DIAMOND PRODUCER
25 July 2012
Exactly 80 years after Sierra Leone's first alluvial deposit was found along the Shongo stream, the country's diamond scene has finally entered into an entire new era: it is joining the...
INDIA TAKES ACTION AGAINST NON-DISCLOSED SYNTHETIC TRADING
18 July 2012
In attendance at last week's farewell festivities in Mumbai for De Beers' Chairman Nicky Oppenheimer was the chairman of an Indian public company that we had earlier identified as being...
WDC NO LONGER ON THE FENCE: SUPPORTS CHANGING KP DEFINITION OF ‘CONFLICT DIAMONDS'
20 May 2012
The Annual Meeting of the World Diamond Council (WDC) is generally a "non-event," where journalists are at pains to find something newsworthy to report. This week's meeting was differen...
THE LONG SHADOW OF MICHELLE FAIRHURST...
01 March 2012
Apparently, every meeting of the Responsible Jewellery Council's (RJC) main stakeholders starts with a reminder to all present to be cognizant of antitrust laws and to avoid doing or sa...
MARANGE TENDERS TAKING OFF IN A BIG WAY
02 February 2012
It was 2 a.m. here in Washington, D.C., yesterday when a phone call from Harare made me jump - and I knew the night was over. A Belgian trader said that he is attending a rough tender b...
THE INDUSTRY AND ITS BANKERS
11 January 2012
We have often pondered the assumed causal relationship between the availability of credit and the level of rough diamond prices
BEHIND THE RAID IN THE ISRAELI DIAMOND EXCHANGE COMPLEX
10 January 2012
In a quiet, well-coordinated and meticulously planned raid, some 40 specialized Israeli police officers raided a so-called "illegal bank" located on the second floor of the Maccabi Towe...
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