In The Empire Strikes Back, episode 5 of the Stars Wars films, the Jedi master Yoda utters one of the great lines in the series to Luke Skywalker during Luke’s training: “Try not. Do … or do not. There is no try.” On a similar note, in The Rock Sean Connery puts down Nicolas Cage with this: “Do your best? That’s what all the losers say. Just do it” The connection between these two movie lines is the real-world situation with Fabrikant. Fabrikant’s failure begins with a management failure. The failing is one of not paying attention to the basics. In his talks with the industry, Maurice Tempelsman has warned for some time now that trouble was brewing in the diamond world. I daresay no one ever thought Fabrikant would be a firm where the trouble would overflow. Some talk around the trade is that the Wal-Mart effect was the cause of Fabrikant’s problem. The Wal-Mart eff

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