DTC Ombudsman Starts Cleansing Role
July 19, 07 by Chaim Even-ZoharYesterday was "D-day." Some hundred existing DTC Sightholders and another 100-or-so applicants filed their sight allocation contract proposal questionnaires to the SoC Ombudsman, Dermot Gleeson. At this point, the profiles will go through... Read More...
European Commission May Reconsider Decision to Close SoC Investigations
July 12, 07 by Chaim Even-ZoharWhen the European Commission (EC) announced, in January that it was dropping all of its investigations against De Beers’ Supplier of Choice (SoC), this decision was based primarily on two other decisions: the widening of the Ombudsman’s powers and on De Beers’ commitment to stop its purchases from Alrosa after 2009. Read More...
Restructured DTC to Focus Solely on Rough Distribution as Core Business
July 05, 07 by Chaim Even-ZoharIn order to enhance the integrity of the Diamond Trading Company’s (DTC) Sightholder selection process, the DTC and De Beers have agreed to separate the responsibilities for the distribution of rough and for the marketing and... Read More...
New Fund Will Add Greater Liquidity to the Multi-Million Dollar Stones Market
June 28, 07 byYou can’t have your cake and eat it too. Faced with a considerable liquidity crunch, various parties in the diamond industry are making great efforts to draw in capital from the outside. Read More...
Will Diamdel Become A Mini-Enron?
June 21, 07 by Chaim Even-ZoharForget the so-called Diamdel restructuring. The genuine exercise of aligning and downsizing the operation in line with the reduced future rough supplies has been put on hold. A potential Enron-type... Read More...
The ‘Capping Mechanism’ in Name Only
June 14, 07 by Chaim Even-ZoharNotwithstanding the prohibition of Sightholder applicants to talk about the confidential DTC sight-application processes, you can detect a rising sense of frustration as the contract proposal deadline nears. Read More...
The Hidden Transparency
June 07, 07 by Chaim Even-ZoharCan an organization suffer from schizophrenia? Or is paranoia a better word? Can an organization suffer from impairments in its perception of reality? If the answer is yes to all of the above, should one politely ignore the relevant symptoms? These scary thoughts crossed my mind while... Read More...
Dropping DTC Sightholders
May 31, 07 by Chaim Even-ZoharCome 2008, how many DTC Sightholders can be supported by De Beers’ own production? Of course, it is a total arbitrary decision what the minimum size of a Sight should be – and the new system in which applicants apply for specific boxes in 16 different... Read More...
The Missed Boom...
May 24, 07 by Chaim Even-ZoharIn our “musical chairs” column last week, we mused about the contraction of the rough diamond supply sources that is likely to occur after the current surge of acquisitions and mergers in the mining world will end. Read More...
When the Music Stops
May 17, 07 by Chaim Even-ZoharPlaying musical chairs is a game that doesn’t need much explanation: a few kids run around a small number of chairs, and when the music stops one of them will find himself or herself without a place to sit. Read More...
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