Headlines

Suresh Hathiramani, Ernie Blom and Alex Popov on a trip over the Christmas-New Year period to the Antarctic

Yoram Dvash Announces New Board, Chairs of Committees

Yoram Dvash, the newly elected President of the Israel Diamond Exchange (IDE), has announced the completion of appointments to the board of directors and Chairs of IDE committees. 

Yoram Dvash Creates Presidents’ Consultative Council

Israel Diamond Exchange (IDE) President Yoram Dvash has appointed the IDE's three Honorary Presidents and the President of the Israel Diamond Manufacturers Association (IsDMA) as members of a newly created Presidents’ Consultative Council (PCC) to the board of the IDE.

Yoram Dvash Elected as Israel Diamond Exchange President

Yoram Dvash was elected as President of the Israel Diamond Exchange. In elections on December 16 for the presidency and board of directors of the exchange that are held every two years, 1,886 members voted. Dvash received 1,080 votes while the other candidate, Arnon Yuval received 716 votes.

Yoram Dvash, aged 51, is married with three children.

WFDB's Louise Prior To Be Ambassador for DIAMONDS UNLEASHED

The WFDB's Executive Director Louise Prior has been invited to join DIAMONDS UNLEASHED as ambassador for the new initiative which is being launched on December 13 in New York.

DIAMONDS UNLEASHED is a for profit brand with a social purpose that symbolizes, promotes and supports women’s empowerment.

How De Beers Went From Star to Scapegoat

By Rob Bates, JCK

Here is how fast things can change in the diamond industry.

In March 2014, Anglo American’s CEO Mark Cutifani, then a year into the job, publicly fretted his company had overpaid for De Beers in 2011. “The acquisition is not delivering what we would expect it to deliver,” he said, adding that he wants De Beers to attain a 15 percent return on capital employed (ROCE).

Drastic Rough Diamond Price Cuts Will Result In Billion-Dollar Losses

There’s absolutely no argument that rough diamond prices are much too high today. Manufacturers are having an extremely difficult time selling the polished coming out of this rough as buyers are simply unwilling to pay more. That this is mainly because diamond miners have only looked at their own bottom lines and ignored the warning signs in the production pipeline is also an uncontested fact. That this has considerably weakened and destabilised the diamond production pipeline is also undeniable.

Is The Diamond System Broken?

Rob Bates from JCK wrote a very good article titled “The Diamond Selling System Is Broken. Can It Be Fixed?”

The focus of Rob’s article was very much on the relationship between mining and manufacturing, and the possibilities of developing possible variations of the rational way the two interact. Whether it’s a site, a tender, a cost plus method, increasing credit terms and outright negotiation on each purchase and so on the article concluded correctly that information is so readily available and so quick to get to the market that this in itself impacts on prices, and therefore the need for greater transparency by miners to the market about how they price could go a long way in improving the status quo.