News from All Diamond

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.

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.

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

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.

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.