Diamond Developments You Should Be Following: Week of March 30



Market faces a crisis, De Beers wants 4,000 Forevermark stores, and other stories on the industry’s radar this week:

– Good overview of rough market. Diamond crisis looms. Sight mood “worse than last month.” Turmoil reigns. Indian diamond polishers lose sparkle.

Media Watch: Businessweek profiles Dubai. Huffington Post offers money-saving wedding tips. Head of GCAL testifies in insurance case.

– Mugabe regime smuggling diamonds out via diplomatic bags. Zimbabwe recovers diamonds lost in Belgium. Minister threatens diamond companies. Did vice president collude with Anjin?

– De Beers wants the Forevermark in 4,000 stores. Plans “aggressive penetration” into Indian market. Opens new lab, possible diamond auction facility in Surat.

– GJPEC calls for generic promotion of diamonds. Bankers ask for more transparency from industry.

JCK News Director