In 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...

During crisis periods, governments contemplate their options on assisting manufacturers. Read More...

Diamond 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...

In 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...

Our 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...

Heaven 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...

An 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...

We 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...

It 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...

The 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...