Rio Tinto Drops Some Long-Time Clients, Changes Business Model
November 11, 09 by Chaim Even-ZoharIt always seemed logical that Rio Tinto – the only major diamond mining company that sells solely to long-time customers and has no effective “market price” discovery system through tenders or otherwise – would sooner or later change its business model. It has done so now. Read More...
One Million People: “Our Gifts of Love Should Not Fund Hate”
November 05, 09 by Chaim Even-ZoharSometimes the diamond industry is getting heartwarming active support from organizations that otherwise have nothing to do with the business. This afternoon I became aware of Avaaz.org, when I received an e-mail stating, “Our gifts of love should not fund hate.” Read More...
De Beers vs. the Turkeys: Who Won?
October 28, 09 by Chaim Even-ZoharA turkey is much more than just a bird. At De Beers, the turkey has become a symbol – since time immemorial, employees in London and in Maidenhead always received a turkey around Christmas as a tasty reminder of their employers’ appreciation. Read More...
Madhu Mehta - the Loss of an Extraordinary Righteous and Caring Human Being
October 22, 09 by Chaim Even-ZoharThe untimely passing of Mahendra Mafatlal “Madhu” Mehta deeply shocked his family, friends and business associates. With his father and brothers, Madhu built one of the diamond world’s greatest empires. Read More...
Dutch Professor in New Study: Crime Promotes Legal Diamond Sales
October 15, 09 by Chaim Even-ZoharI wonder how many Idiamantaires are acquainted with Prof. Dina Siegel, a cultural anthropologist and criminologist. You may not know her – but she might have secretly taped your conversations with third parties in routine business transactions. Read More...
Fear of Shortages Grips Indian Market
October 08, 09 by Chaim Even-ZoharAt the beginning of this week, we were almost convinced that a new huge bubble was in the making in Indian goods. But not all the facts fully add up to reach an unequivocal conclusion. Read More...
Producer Policies in Crisis Times
October 01, 09 by Chaim Even-ZoharSome say that the current economic crisis is the first major recession where the diamond industry doesn’t have a strong omnipotent cartel managing the road to recovery. Have producers and governments act differently during this recession than during a previous cartel-era crisis? Read More...
Recycling Diamonds
September 24, 09 by Chaim Even-ZoharThe economics of our industry are sometimes mind-boggling. Rough diamond prices are rising again, but consumers have yet to return. Bankers warn that they don’t see “new” money and most commercial activity is inter-trade. Read More...
Botswana: Playing Rough with Rough Marketing Policies
September 17, 09 by Chaim Even-ZoharIs De Beers on a collision course with Botswana or are we on the eve of a dramatic, agreed upon, redrawing of the current legal marketing arrangements, in the world’s largest diamond producing country? The answer isn’t clear. Read More...
The Savory Trinity: Taxes, Wealth and Diamonds
September 03, 09 by Chaim Even-ZoharThe agreement signed between UBS and the U.S. Government, in which the Swiss bank will release to the government the names of 4,450 account holders suspected of tax evasion, triggered a quiet but very persistent positive spillover effect for the diamond business. Read More...
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