Memo
February 15, 08 byChaim Even-Zohar’s weekly column was not yet ready at the time of the newsletter’s deadline, which we had already extended by almost 24 hours to accommodate him. Read More...
The Inevitable Manufacturing Shake-Up
February 07, 08 by Chaim Even-ZoharDiamond producers communicate in various ways to the market that we are heading toward serious rough supply shortages and, consequently, rough prices must go up. Many traders are purchasing rough today at above-market prices that, they... Read More...
Diamdel Markets Pandora’s Boxes
January 31, 08 by Chaim Even-ZoharIt is quite incomprehensible how De Beers trading subsidiary Diamdel is trying to prove how all the company’s rhetoric about establishing long-term client relations, assisting clients to add downstream value, and becoming a supplier of choice through sustainable relationships can be thrown out the window overnight by creating “the world’s first online auction... Read More...
Lifting Sightholder Suspensions in the Best Interest of All
January 24, 08 by Chaim Even-Zohar“The DTC will act in good faith in considering any past conduct of the [Sight] applicant, and will use reasonable endeavors, where necessary, to verify (and consult with the applicant concerning) the veracity of any alleged misconduct.” If one reads further down on the relevant Sightholder notes, which are part of the contractual... Read More...
The Genie is out of the Bottle
January 17, 08 by Chaim Even-ZoharThere are some names that most players in the diamond industry have never heard of, such as R. Cassiers, B. Melis and L. Versteylen. They were the judges presiding in the Brenig case. These were the judges who refused to approve a settlement reached between 13 diamantaires and the Belgian prosecution, and they turned a fiscal infringement into a criminal... Read More...
BPP – Getting Serious At Last
January 10, 08 by Chaim Even-ZoharBefore the Christmas holidays, in a column titled “DTC Flight 79 – Not Final,” we wrote that the Diamond Trading Company (DTC) would drop a number of Sightholders for reputational reasons, and this week the DTC confirmed having decided on several suspensions. Read More...
Upstream Mining Risks: Security of Tenure
January 03, 08 by Chaim Even-ZoharDiamond merchants investing upstream in mining properties have, in recent years, encountered a problem, which, in mining terms, could come under the heading of “security of tenure.” This refers to the following: a holder of mineral... Read More...
DTC Flight 79 – Not Final
December 27, 07 by Chaim Even-ZoharWhen flights are midair, the expected arrival time often remains “not final” until the plane gets close to its final destination. The 79 Diamond Trading Company (DTC) Sightholders are still in the air. The final contract will land on their desks... Read More...
On Leave
December 20, 07 byOur columnist, Chaim Even-Zohar, is on leave. He wishes all of you a merry Christmas and a Healthy and Prosperous New Year. Read More...
Forevermark: the New De Beers Monopoly?
December 13, 07 by Chaim Even-ZoharForget the news of the revised Diamond Trading Company (DTC) Sightholder list. A far more significant De Beers decision, which was posted this week through an innocuous letter on the DTC intranet, will have far more ramifications than anything else on future Sightholder status and the meaning of Sightholder value. Read More...
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