The Human Rights Debate within the Kimberly Process
June 18, 09 by Chaim Even-ZoharAn estimated 200 officials representing 73 countries participating in the Kimberley Process will convene in Namibia for its “intersessional meeting.” During the meeting, debates will range from items such as whether public warnings should be issued for fake KP certificates, to items such as a proposal to expand the scheme’s mandate. Read More...
Pulling the Plugs
June 11, 09 by Chaim Even-ZoharWe are now some ten months into the most serious industry crisis since the early 1980s. In the US, hardly a week passes without some jeweler going Chapter 11. How come we haven’t seen any significant bankruptcies in the cutting centers? Read More...
Russians to Resolve Overhang with Upcoming Sales
June 04, 09 by Chaim Even-ZoharIt is clear that Alrosa will resume rough diamond exports in a major way in the immediate future. It is also clear that they will not be able to do so if they don't price their goods realistically. Read More...
PAC’S Smillie Casts Final “No Confidence” Vote in KP and Goes Home
May 28, 09 by Chaim Even-ZoharThe KP has been dealt the hardest blow to its reputation and standing since its inception, when Ian Smillie, the driving force behind PAC, the immensely influential conflict diamonds NGO, quietly announced his departure from participation in the KP governing bodies. Read More...
Innovative Credit Creation in Antwerp Diamond Industry
May 21, 09 by Chaim Even-ZoharThe announcement by the AWDC that it has reached an agreement with to provide additional financing for Antwerp diamond dealers seems either a public relations exercise or an ingenious breakthrough. Read More...
It Ain't Over 'Til the Fat Lady Sings
May 18, 09 by Chaim Even-ZoharIn the past year, we reported extensively on what we coined the “Missing Pink Diamond” case, about Ohio Jeweler John Stafford, who had bought for merely $8,000 a 5.56 carat natural intense fancy pink diamond. Read More...
Swiss Cheese with One Hole Too Many: Supplier Debt Forgiveness
May 07, 09 by Chaim Even-ZoharThe following story could have been taken from a business management course where each student would be assigned to write his “response scenario.” Sadly the story is true and it happened this week. Read More...
Justice in the Antwerp Diamond District
April 30, 09 by Chaim Even-ZoharBy now everyone in the diamond business will have read the story about the a criminal court case involving AP Diamonds, an Antwerp diamond trader, where it was found the court has blundered severely regarding a file of diamond fraud. The fraud was reportedly exaggerated. Read More...
No Money for Nothing
April 23, 09 by Chaim Even-ZoharIndian diamond banks definitely have some serious sub-prime quality diamond clients. Some of them may act in ways which will not only figuratively “rob the bank,” but also endanger the entire industry’s access to affordable credit. Read More...
CEN Workshop Revisited, “Not An Official Standard”
April 16, 09 by Chaim Even-ZoharBecause of the debate within the industry on the CEN Workshop’s adopted synthetic diamonds nomenclature, we asked CEN to clarify the legal status of this exercise. Read More...
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