Diamonds: India Benefits From Amended De Beers Sightholder List & More

In Sight In March, De Beers amended its sightholder list—and it looks like a big win for India. Indian companies accounted for four of the five new names added to the prestigious ­roster, another indication of the center’s dominance in the diamond trade. The fifth is from Hong Kong. The new clients are Asian Star Co., H Dipak, HVK International, KP Sanghvi & Sons, and Wing Hang Diamond Co. De Beers now has 82 clients for the current contract period, which runs until 2015. Necklace with 46.86 cts. t.w. colored diamonds; $72,340; Asian Star Jewels, Mumbai; 91-22-2829-2871; The companies are the first to be added under De Beers’ new “dynamic” client-picking process, which lets consistent winners at the online auctions at its Diamdel subsidiary graduate to ­sightholder status. All applicants must comply with De Beers’ Best Practice Princip

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