A Small Trader’s Swan Song?
January 22, 04 by Chaim Even-ZoharSmall polished traders in the cutting centers are finally waking up to reality – they are discovering that the speed by which many of them are racing towards their own inevitable business demise is accelerating. Sadly – and we have said it before - quite a few companies will be toast within a few years. Read More...
Bloody Books Can Pain An Industry
January 15, 04 by Chaim Even-ZoharIn early May 2004, a new book will hit stores across the United States. It is called “Blood from Stones: The Secret Financial Network of Terror.” The launch of the book scares me. Mass media products have a far wider grassroots impact than trade or industry communications. This book promises bad news. It is written by the very... Read More...
Tawfique Abdullah – My Choice for Man of the Year
January 08, 04 by Chaim Even-ZoharIt seems that every media product needs to have its “Man of the Year”. My choice would undoubtedly be Tawfique Abdullah, the brilliant Dubai entrepreneur who very early recognized “the strategic fit” between the business plans of his Metals & Commodities Centre (DMCC) and... Read More...
The Virtue Of Caution On Price Increases
January 01, 04 byTraditionally, this is the time of the year that we are eagerly awaiting the early results of the Christmas jewelry sales. Questions as to whether the market was stable or grew by 3% or 5% or more used to be vital as the rough suppliers, led by De Beers, would take a cue from these results both for the setting of the allocations as well as for prices. Read More...
Mega Jewelry Chains May Lose Price Leverage Over Vendors
December 25, 03 by Chaim Even-ZoharThe Zales, Wal-Marts and Sterlings of this world are “losing” somewhat of their power over their polished suppliers - and they may not realize that the pendulum is swinging back to the large mega-polished suppliers, the Rosy Blues and the Schachter Namdars of this world. The greater... Read More...
US Official Report: “Diamonds are Odorless…”
December 18, 03 by Chaim Even-Zohar“According to a Belgian law enforcement official, a substantial number of the diamonds traded in Antwerp, the world’s largest trading center, are sold on the black market with no transaction records.” This matter-of-fact determination was made in the latest report by the U.S. General Accounting Office to U.S. Congress, in which it... Read More...
Moscow Jails Aren’t Conducive to a Diamantaire’s Health
December 11, 03 by Chaim Even-ZoharWhile sitting down to write this memo, I was informed by phone that an Israeli citizen arriving at Moscow’s Sheremetyevo Airport from Tel Aviv earlier this week had been arrested after allegedly trying to smuggle a batch of jewelry and precious stones. The suspect was detained after... Read More...
Figuring It Out…
December 04, 03 by Chaim Even-ZoharOn two different sides on the globe, simultaneously mining conferences took place – one in Perth, Australia and the other in London, U.K. The producer and investor audiences in both places listened to forecasts on the future of the diamond businesses: one expert predicted huge price increases and even greater rough... Read More...
Libya’s Qadhafi Assumes Control Of Sengamines
November 27, 03 by Chaim Even-ZoharThe world’s exclusive club of diamond miners has a new member: Libya’s strongman Col. Muammar Abu Minyar al-Qadhafi. As Libya hasn’t found diamonds yet, Qadhafi has resigned to the second best option and has been investing in - and has gradually assumed de-facto control of... Read More...
Antwerp Court Extended The Sightholder’s Termination Period; However The DTC Won The Legal Arguments – The Legitimacy Of Supplier Of Choice Was Upheld
November 20, 03 by Chaim Even-ZoharWow – don’t we all love “underdogs”, quite happy to go into a frenzy whenever De Beers gets a beating in court? Is the fact that the “judgment” is... Read More...
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