Industry Shocked at New DTC Sightholder List

De Beers' Diamond Trading Company (DTC) has "shocked and awed" the industry with its new sightholder list, reportedly lopping off some of the biggest names in the industry. At press time, rumors and counter-rumors were flying thick and fast, with much speculation as to who was staying and who was going. The only thing known for sure was that the DTC had, in its words, "confidentially advised applicants with regard to their future status as sightholders." There was talk that as many as 35 sightholders had been axed and eight or nine new ones added. Among the widely mentioned names were at least two companies considered institutions in their respective centers. Several people who hold or have held prominent leadership positions in diamond associations also did not make the cut. At least one was giving a seminar at The JCK Show ~ Las Vegas the day the decision came down. Although the

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