UN Panel of DRC Should Deliver Hard Evidence – or Withdraw Report
November 28, 02 bySome of the authors of the damming United Nations report on the resource plundering of the DRC, making serious accusations about a number of diamond trading companies, seem to be having “second thoughts”. Read More...
Deflationary Pressures, Diamond Prices and Supply Policies….
November 21, 02 by Chaim Even-ZoharWhenever diamond prices fluctuate our first concern is ascertaining whether the main triggers are “internal” or “external”. In 2000-2001, when rough prices declined, this temporary phenomenon could largely be attributed to accelerated producers’ destocking and certain rough marketing arrangements that were not conducive to “defending” prices. Read More...
Kimberley Process On Eve Of Collapse?
November 14, 02 by Chaim Even-ZoharThere are unexpected “holes” in the Kimberley Process system, which will make the regime ineffective and almost devoid of meaning. As of January 1, 2003, the United Kingdom (i.e. the DTC), Belgium and Israel will not be allowed to send any rough diamonds to Thailand, Ukraine, Rumania and a host of other cutting center nations in the Far East. Read More...
European Commission “Relaxes” Diamond Trading Regulations – And Old Stocks Will Not Be Turned Into “Conflict Goods”
November 07, 02 by Chaim Even-ZoharThe latest still confidential and not yet published draft of the European Commission’s regulations for rough diamond imports and exports are definitely more “industry-friendly” and certainly more workable than the initial draft published in August. Read More...
Export/Imports Certificates Provide Only "Limited Protection"
October 31, 02 by Chaim Even-ZoharDe Beers managing director Gary Ralfe introduced this week an all-overriding concept: "Ethical Responsibility." He was even willing to apply the concept to practical situations. Read More...
Next Week's Sight
October 24, 02 by Chaim Even-ZoharNext week's DTC sight will be in the $350-$400 million range, probably closer to the higher figure. There seems to be some pressure by Anglo American on De Beers in respect to the sights. Read More...
Russian Diamond Sector Establishes Independent Lobbying Group
October 16, 02 by Chaim Even-ZoharA small and hardly noticed event in Russia reaffirms the unequivocal direction towards westernization of the diamond mining sector: the governmental policy makers of yesterday have now become lobbyists for change, trying to influence their own very successors and make them undo some of the rules and regulations they themselves had promulgated in the past. Read More...
Amnesty: Wrong Words, Wrong Concept
October 10, 02 byWithin the next two weeks the European Commission will publish new European rough diamond import/export regulations in the Official Gazette, making it the law of the land. While we are writing these lines, the governments of the United Kingdom and Belgium are still arguing over Article 12, which defines the status of all diamond inventories of the Kimberley certification schemes implementations next year. Read More...
The Future Lies in... Jewelry
October 03, 02 byForget about what is going in Iraq. Forget about Wall Street. According to Kenneth Gassman, the head of the U.S.-based Jewelry Industry Research Institute (JIRI), the jewelry industry is a safe bet for investment for the future. Read More...
Jewelry Retail Giants Compete For Ever Greater Discounts: May God Help Us All!
September 26, 02 byThis Tuesday afternoon I strolled into the Zales jewelry store at one of the more expensive brand-name fashion malls in Las Vegas, Nevada. I looked at a 3-stone Zale's diamond ring, which boasts the company's house brand's customary 82 facets. Read More...
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