What Direction for Diamonds?

Recently, Maurice Tempelsman of Lazare Kaplan was asked about the future of De Beers. His answer was to the point: "I don't know, and I don't think De Beers does either." Substitute the "diamond industry" for "De Beers," and Tempelsman could be speaking for many people these days. The diamond industry is now, more than ever, grappling with outside forces, from the political (nongovernmental organizations and governments in Africa) to the scientific (synthetics and treatments). Throughout the industry there's a feeling of uncertainty about the future. The diamond industry is morphing into something, but no one is sure what. So JCK took a step back to question a group of industry leaders, wise people, and commentators about what kind of industry we will see in five to 10 years. Tellingly, no clear picture emerged, and our experts didn't always agree. Many thought that predicting even
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