The 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...

By 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...

Indian 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...

Because 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...

Something odd is going on in Botswana. A few days after the publication of a tender for the GDV position , Minister Kedikilwe suggested that he “is reviewing whether or not to withdraw the tender.” Read More...

The Diamond Trading Company (DTC), in preparation for its Diamond Bankers Seminar that took place this week in London, sent out a questionnaire to participants containing a number of what we call in Israel “kit bag questions.” This expression can be traced back to basic training in the army. Read More...

In a scene that might have been taken out of a novel, Leonardo Notarbartolo, the mastermind behind the $100 million diamond heist-of-the-century from a vault beneath the Antwerp Diamond Center, has now made a “prison confession” alleging that he was the victim of a sting. Read More...

There are plenty of instances when a diamantaire tries to take his bankers “to the cleaners.” There are instances where an insolvent diamantaire will pay trade debts and leave the banks waiting. Read More...

Will De Beers survive? This was one of the responses in our inbox to last week’s editorial, “Giving Credit to De Beers”... Read More...

The publication of the De Beers annual results has always represented an occasion for considerable pride in which the chairman would face analysts and journalists. Read More...