ABN-AMRO’s Grand Diamond Financing Strategic Blue-Print
August 27, 09 by Chaim Even-ZoharSo long as the Dutch government-owned ABN AMRO Bank remains the world’s largest diamond financing institution, the transformation process at its diamond group is as crucial to the industry. Read More...
The Difference One Decimal Can Make
August 20, 09 by Chaim Even-ZoharA calculation on the back of an envelope will show that every year the worldwide diamond industry loses approximately $100-$135 million because of the practice of gem labs only giving a diamond's weight to the second decimal point. Read More...
KP’s Moral Corruption
August 13, 09 by Chaim Even-ZoharA very prominent industry player reacted to our editorial on the Lingering Relevancy of the KP in a very insightful way – and we would like to share these spontaneous and non-edited thoughts with you – as a “guest editorial.” These views should be read in conjunction with other KP-related materials in this issue. Read More...
KP’s Lingering Relevancy
August 06, 09 by Chaim Even-ZoharThe Kimberley Process Certification Scheme (KP) chair and relevant Working Monitoring Committee has been bending over backwards to find excuses for not suspending Zimbabwe from its membership. Read More...
Playing Dangerous Games with Indian Diamond Banks
July 30, 09 by Chaim Even-ZoharIn Mumbai diamond circles there is a “name and shame” letter in which a major diamond industry bank identifies seven clients (some of them DTC Sightholders) who are defying their borrowing covenant, defaulting on their obligations and skirting the laws of the land. Read More...
British Government Loan Guarantees to Assist Diamond Sector in Crisis
July 23, 09 by Chaim Even-ZoharDuring crisis periods, governments contemplate their options on assisting manufacturers. Read More...
One Umbrella to Become the ‘Mother of All Umbrellas’
July 16, 09 by Chaim Even-ZoharDiamond producers and some select influential industry players are holding a St. Petersburg Steering Committee meeting. One may recall that the concept was conceived out of a growing industry consensus for global generic diamond promotion. Read More...
Playing with Figures
July 09, 09 by Chaim Even-ZoharIn our natural eagerness to search for silver linings in today’s economic crisis, there are as many different viewpoints and parameters as there are analysts. Read More...
Oy, the Ever CENsational Sarah
July 02, 09 by Chaim Even-ZoharOur readers don’t need an introduction to Sarah Winterton, who, while being mostly paid and instructed by De Beers, created the so-called “CIBJO Europe,” the front entered into the Workshop Agreement 47 with CEN, the European Committee for Standardization. Read More...
Mounting Financial Perils
June 25, 09 by Chaim Even-ZoharHeaven knows how many diamond companies are technically in breach of their credit covenant with their banks, just because the facility’s linkage to sales, profit or inventory ratios have gone down far more than the indebtedness. Read More...
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