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Time to Stop Bad Financial Practices in the Diamond Industry

Time to Stop Bad Financial Practices in the Diamond Industry

An interesting opinion column published this week highlighted the legal aspects of some of the business closures in the Indian diamond sector. Prominent Indian industry member Sanjay Kothari, formerly chair of the GJEPC, advocated much stronger steps against those involved in shady dealings. I’m not an investigative journalist and so not in the position to opine as to whether the actions he writes about are criminal or not. But I am a seasoned businessman, and can speak to business practices.

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How Gatekeepers Can Turn Loss into Profit – Part 2

How Gatekeepers Can Turn Loss into Profit – Part 2

Two weeks ago, I showed the diamond manufacturing's economy of loss, defining the midstream as the diamond pipeline’s gatekeeper of rough diamond prices for the entire industry. The report centered on an analysis of diamond manufacturing costs and how they result in a loss, and presented an alternative approach that would result in profit. This week, I will conduct the same analysis, based on the latest prices and costs.

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Priorities for the new Diamond Producer Association

Priorities for the new Diamond Producer Association

The recent announcement of a new Diamond Producer Association is a welcome news.

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Reading the signs at JCK Las Vegas

Reading the signs at JCK Las Vegas

The JCK Las Vegas show was the center of attention for the diamond industry, with all looking for signs of recovery or indications that the current state of the industry will continue. The short answer is that the message from Las Vegas was mixed.

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The Diamond Destined for Radiance

The Diamond Destined for Radiance

Unlike the diamond shapes described here previously, the Radiant-shaped diamond does not have a history dating back centuries. It’s also unique in that it can be either a square or a rectangular shape. Either way, the Radiant is a great alternative for someone who wants a diamond – but with a different shape.

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The diamond industry pipeline starts with mining, then rough trading, manufacturing, jewelry setting and finally retailing. It may look like a short and efficient journey, however it is anything but t...
We have seen how the industry has undergone significant changes over the past 20 years and how smaller companies have emerged to play an increasingly important role in supplying rough diamonds to the ...
It might surprise people to know that there are only around 50 active diamond mines in the world. These mines never seem to be found on the outskirts of major cities. Instead, they are usually located...
When I discussed fancy brown diamonds in last week’s article, I stated that unlike other fancy color shades that are extremely rare in nature, brown diamonds are plentiful and therefore command much l...
In the last two decades, much has been said about an impending demand vs. supply imbalance in the diamond industry. Huge mines discovered over the past 40 years are nearly mined out, some argue, and n...
A major diamond rush, located in Lüderitz (in the former German colony of Deutsch-Südwestafrika - German South West Africa) is among Namibia’s most famous diamond sites. In 1907, the Germen railroad w...
When most people hear about diamond mining, they think of South Africa, where diamonds were discovered in 1866 in the Kimberley region. A 15-year-old boy discovered the now-famous 21.25-carat Eureka D...
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