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No Conflict Diamonds | An article discussing mining and other events on the diamond market

Interesting article I came across, regarding everything from diamond mining expansion to an increasing conflict in Russia between diamond cutters and miners and even the the light performance added into grading reports.

Beyond magnificence and splendor, the world of diamonds evolves on stirred grounds. When the stake is so important, interests collide. But technology develops following its onward course. Here are some interesting off-stage events in the diamond industry and innovations in technology.

De Beers sued by head of the Diamond Bourse

Derek Parsons, the president of the Diamond Bourse of the Southeast United States has filed a lawsuit against De Beers, on the charge of the company’s disregard of American competition law. Their Supplier of Choice policy puts the American dealers at a disadvantage.
The suit was not launched on behalf of the Miami bourse but on behalf of diamond dealers in America, condemning the criteria on which De Beers makes the sales –

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    • This entry was posted on Thursday, March 30, 2006 at 1:21 pm. You can follow any responses to this entry through the RSS 2.0 feed. You can also leave a response or trackback from your own site.

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