Tuesday, June 30, 2009

Zimbabwe Conflict Diamond Informant Incarcerated

Zimbabwe Conflict Diamond Informant Incarcerated
29.06.09

The Sunday Times reports that the Zimbabwe government has arrested and incarcerated a member of the Zimbabwe Parliament who had intended to reveal the site of an alleged mass grave site of diamond miners to Kimberley Process (KP) representatives scheduled to visit the country this week.

Shuwa Mudiwa, who represents the area of the Marange diamond fields where the reported massacres occurred, was arrested on kidnapping charges before he could reveal the location of the grave site.

The delegation from the Kimberley Process was supposed to visit Zimbabwe this week and meet with Mudiwa regarding the alleged massacre.

According to the Sunday Times, other people who were to have met with the KP delegation have been harassed and intimidated as well.

The Zimbabwean diamond diggers were reportedly shot by soldiers from helicopters when the Zimbabwe government attempted to bring the diamond fields under military control.

Human rights groups claim to possess evidence proving that up to 250 people were murdered in the incident.

Zimbabwe denies that the massacre ever took place.
By: Rachel Lieberman, Israel Diamond Industry Portal

Additional Reading :
Kimberley Process Certification Scheme : The Farce Continues

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Dubai and Angola Explore Opportunities




 DMCC delegation meets with Angolan government officials

 Discusses opportunities for promoting rough diamond trade

Strengthens Dubai's focus on ethically sourced diamonds

Dubai Multi Commodities Centre (DMCC) announced today that it has begun exploring opportunities to strengthen ties with Angola in the area of diamond trade. Dubai's delegation comprising Ahmed Bin Sulayem, Executive Chairman of DMCC, Peter Meeus, Chairman of Dubai Diamond Exchange and Paul Motmans, an expert on the Angolan economy, met with senior government officials of Angola at a high-profile dinner meeting in Luanda, Angloa, earlier this month.

Dubai and Angola are in the preliminary stage of outlining areas for cooperation to increase rough diamond trade volumes, in addition to other initiatives that can benefit the entire value chain of the diamond industry. A delegation from Angola has been invited to visit Dubai to formalise the framework for future initiatives between both governments. During the Dubai delegation's visit to Angola, the executives also held meetings with the Ministry of Mines, and Endiama, the Angolan Mining and Trading Authority.

"In this era of globalisation, the increasing economic integration between the Middle East and Africa is important for our shared growth,” said Ahmed Bin Sulayem. “The diamond trade between both regions, in particular, represents our complementary strengths. We hope to cooperate more closely to promote growth and transparency of the diamond trade and to create long-term sustainable benefits for both Angola and Dubai."

He added: "Dubai has always been a friend and well-wisher of Angola. Our respective lands share a long-standing relationship built on a rich heritage of trade, commerce and cultural exchange. Our recent visit to Angola lays the foundation for further enhancing our relations with Angola, which is today the world's third largest producer of rough diamonds, producing diamonds worth around US$1.5 billion annually."

During the visit to Angola, the DMCC delegation also highlighted its adherence to the Kimberley Process Certification Scheme (KPCS), which authenticates ethically sourced diamonds.

KPCS has recently opened its second Dubai office in Almas Tower, which is also the headquarters of DMCC. Peter Meeus, Chairman of Dubai Diamond Exchange, said: "Angola is DMCC's largest trading partner in rough diamonds.

The diamond industry is by far the largest revenue generating sector of Angola, with diamond output constituting 95 per cent of the country's non-oil GDP. It is also estimated that more than 60 per cent of the country is still yet to be explored. Together, these factors make Angola a significant market for global trade of diamonds through Dubai."

Meeus added that Dubai is uniquely positioned to service the needs of the diamond sector in the wider region. The emirate has a robust infrastructure of ports, a well-connected transport system, open trade policies and a service-oriented approach. Source 28th June 2009

Additional Reading :


" The KPCS falls under the management of the DMCC " : Chaim Even-Zohar

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" In what is being hailed as a “new-age Silk Road”, delegates at the show cited strengthened ties between China and the Middle East in industries far beyond jewellery "

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Kiss Her With A Diamond
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Monday, June 29, 2009

Kimberley Process Sees "Progress," NGOs Say

Kimberley Process Sees "Progress," NGOs Say

-- JCK-Jewelers Circular Keystone, 6/26/2009 10:16:00 AM

A coalition of civil society groups acknowledged some progress at the close of the sixth Intersessional meeting of Kimberley Process Certification Scheme in Windhoek, Namibia this week but said that more action was needed from governments to ensure the scheme's effectiveness.

The government-led scheme was established in 2003 to prevent the trade in blood diamonds.

In particular, civil society groups have frequently emphasized the need for Kimberley Process participant governments and working groups more promptly to investigate statistical anomalies and illicit cross-border trade between participants.

Susanne Emond from Partnership Africa Canada said: "There has been constructive discussion this week regarding improvements to Kimberley Process statistical analysis and some steps have been taken to address questions raised by trade data from Guinea and Lebanon.

We urge participant governments to strengthen internal controls and improve monitoring systems in producing countries but also in trading and cutting and polishing centers."

The groups welcomed the commitment by KP members to develop a multi-stakeholder regional task force to address implementation of the scheme in West Africa.

They said that the trade in conflict diamonds from Cote d'Ivoire was an issue of serious concern.

The groups joined the World Diamond Council in calling for governments to translate the positive discussions held at the Intersessional into strong commitments and concrete actions to close the loopholes that continue to compromise the effectiveness of the Kimberley Process.

A significant concern going into the meeting was the need for Kimberley Process participant governments to address cases of serious non-compliance by some members.

In particular, campaigners sounded the alarm about the human rights abuses, militarization of mining and diamond smuggling taking place in Zimbabwe's diamond sector.

A KP team will visit the country next week.

Annie Dunnebacke from Global Witness said, "We sincerely hope that the upcoming Kimberley Process review mission to Zimbabwe is given unfettered access to the sites and people it needs to see.

We urge the Government of Zimbabwe to fulfill its pledge to guarantee the safety of all individuals and groups the team meets."

Alfred Brownell from Green Advocates, Liberia said: "We were encouraged by the constructive discussion around human rights and development held at this meeting and we echo Namibia's Deputy Prime Minister Dr Amathila's call for the Kimberley Process' human rights mandate to be given the consideration it deserves within the implementation of the scheme.

"Kimberley Process participating governments should ensure that their diamond sectors actively contribute to development.

Conflicts often find their roots in poverty; however, if used wisely, revenues from the diamond trade can be a driver of development and stability."


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Branding Madoff : Symbol of Greed & Arrogance

Do not assume a brand name is better than a generic diamond.
Branding is a marketing tool.
Diamonds are valued on their inherent characteristics not their brand name.
None of the world's most noted and famous diamonds are inscribed with brand names.
Beware of treated diamonds with expensive-sounding brand names seeming to be special.

" No smart buyer should buy gemstones based on in-house reports or appraisals done by the seller " : Renee Newman GG
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Bernie Madoff's Sales Secret #1
By Geoffrey James December 29th, 2008
~
Through my contacts in the business book industry, I obtained some draft sample chapters from a book proposal allegedly authored by Bernie Madoff, the alleged purveyor of the world’s greatest Ponzi scheme. Enjoy!

CHAPTER 1: YOU ARE THE BRAND

A lot of sales professionals think that people buy because of the reputation of their firm or their products.

Wotta buncha dopes!

Product branding and corporate branding might convince people to buy laundry detergent, but when if you’re gonna sell something that’s complicated — especially if it’s too complicated for the customer to easily understand — then you, my friend, are the brand.

Yes, the customer is buying YOU — who you are, how you look, how you talk, how you act, and what you say. All the rest of that branding stuff is just so much bull puckey.

Look, the only reason that anyone is going to buy anything complicated from YOU (as opposed to the guy down the street) is that the prospect thinks you’re better, smarter, and more reliable.

That means that YOU gotta be the expert. YOU gotta to have the right appearance. YOU gotta know when to talk and when to shut the heck up. It’s all about YOU.

So forget about that marketing budget. Forget about that pricey ad campaign. Forget about the product, even.

Heck, if you make yourself enough of a brand, you can even sell something that’s completely impossible, like stock investments that consistently pay double digit returns year after year.

You can even get government regulators to act like braindead nodding bobbleheads. [[Note to lawyer: OK to put in book?? B.M.]]

Brand. It’s all about YOU. Don’t ever forget it.
~
Bernard Madoff
Born
April 29, 1938 (1938-04-29) (age 71) Queens, New York, USA

Charge(s)
Securities fraud, investment advisor fraud, mail fraud, wire fraud, money laundering, false statements, perjury, making false filings with the SEC, theft from an employee benefit plan
Penalty
Sentencing scheduled for June 29, 2009; maximum sentence of 150 years in prison and $170 billion in restitution
Status
Inmate #61727-054 at the Metropolitan Correctional Center, New York City, NY.[1]
Occupation
(former) Stock broker, financial adviser, former chairman of NASDAQ
Spouse
Ruth Alpern Madoff
Children
Mark Madoff (ca. 1964), Andrew Madoff (ca. 1966)
*

By James Quinn Published: 11:06PM BST 28 Jun 2009

There are at least 13,500 reasons why Bernie Madoff is staring at a 150-year jail sentence...

There are at least 13,500 reasons why Bernie Madoff is staring at a 150-year jail sentence when he appears at Manhattan's federal courthouse later today. That is the estimated number of victims (no one knows for sure) of the 71-year-old fraudster who operated the world's biggest ever Ponzi scheme and who came to personify the crooked face of the credit crunch. Many of his victims lost their entire life savings, placed into Madoff's clutches at the promise of 10 to 12 per cent returns.

One was Alexandra Penney, the former editor of Self magazine who is also an artist and a photographer. Since being impoverished by Madoff she has focused on "earning some money" by writing a blog on her experiences – The Bag Lady Papers – on Tina Brown's website, thedailybeast.com, and has since signed a book deal with Voice, the Disney imprint.

"He is very much a symbol of greed and of arrogance, which have hurt so many people. But in a country like ours, particularly with a global instantaneous news cycle, people like Madoff can be gone in a nanosecond," she explains. "I think Americans are famous for moving on. I think the healthiest one can say is OK, he's gone, and let's hope they get whoever else was complicit with him."

Miss Penney, who has not only lost her savings, but may also have to sell her artist's studio in Manhattan, is not prepared to move on just yet, however. "There is no closure to someone whose life has been subject to the catastrophe of Madoff. Each time I speak about him or write about him, it seems so toxic, it is almost like reliving the moment I found out. But maybe when he has gone to jail, I won't have to talk about him so much, and I can try to forget about all this and maybe move on."

Madoff's lawyers want a 12-year sentence for their client; but prosecutors say they still don't know the full extent of his crimes. "There are still so many answers that are unknown," said Richard Greenfield, a New York attorney who represents two dozen victims. "I had fully expected by now – seven months after he confessed – that the government would have filed an indictment naming some of his co-conspirators."

Questions remain over the involvement of his family in the fraud, given that Madoff's business was very much a family affair. His brother Peter, sons Andrew and Mark, and niece Shana held senior positions in the Madoff empire, but, according to the man himself, they knew nothing of his operation.

Even his wife, Ruth, who has agreed to forfeit the couple's four homes and $80 million (£48 million) of her remaining $82.5 million fortune, worked at the business on occasion, but apparently knew nothing.

Although no family members to date have been accused of any wrongdoing, there is a growing belief among those who have followed the case that both criminal and civil investigators will widen the net once Madoff is sentenced. There are a lot of people who want to see the back of him. He pleaded guilty at his recent trial and denied the country a full explanation of how he carried out his crime. A Ponzi scheme, named after the early 20th-century fraudster Charles Ponzi, is a fake investment operation that pays returns to investors from their own money or money paid by subsequent investors, rather than from any actual profit earned. It relies upon greed and gullibility, but it must be believable to attract a sufficient number of people.

Madoff's returns were not exceptional, but for 10 years, federal regulators failed to investigate tip-offs the Securities and Exchange Commission had received about him. Whether they were introduced to Madoff by friends or sought him out, investors were attracted by one simple thing: his ability to earn steady higher-than-average returns, year in and year out.

While Madoff is guaranteed a place in the pantheon of American financial miscreants, can he be said to personify the era of American excess which led to the banking crisis that brought the world's financial system to the brink?

"It is not American excess, it is worldwide excess," says Dr Mirjana Blokar, a New York-based psychiatrist. "What America made possible is for someone like Madoff to rise to such prominence."

Although Dr Blokar attests that Madoff is a "product of our times" in the way in which he was able to swindle so many people out of so much money through the lure of high annual returns, she believes it was his "chutzpah" that made it possible for him to get away with it for so long.
As for why people do not appear to be blaming the ills of the economic downturn on him – given the lack of any other major villains, with the exception of the accused $7 billion fraudster Sir Allen Stanford – she argues that Americans on the whole tend to believe in redemption, and no matter how badly someone has behaved, rehabilitation is always possible.

"Being a larger-than-life personality seduces you into all sorts of things," says Dr Blokar, citing the past misdemeanours of Senator Ted Kennedy and former President Bill Clinton, and the way in which they have managed to reshape themselves in the collective psyche.

Madoff, in spite of his failings, embodied a certain element of the American dream, however flawed the outcome. A young Jewish man from Queens, New York, who toiled in manual jobs to enter the glamorous world of Wall Street, he not only made himself money over the years, but helped to make a lot of other people very rich for a time.

In essence, he was a macher – the Yiddish word for a big shot. That he eventually made a lot of his friends very poor, has, in the collective psychology of a country too often focused on wealth, been somewhat forgotten.

Before he was unmasked, Madoff was largely unknown. Even many working on Wall Street had not heard of him. He did not work for a well-known company, and as such has not been vilified in the way that the heads of certain banks, such as Lehman Brothers and Bear Stearns, have been for seemingly triggering the crisis itself. Nor has he been disparaged in the way that insurer AIG was for paying $165 million in bonuses to staff who caused its near-collapse and subsequent $180 billion government bail-out.

Because of the way Madoff operated, his was very much a private crime, affecting only those who had substantial amounts of money to invest in the first place, leading to a certain lack of sympathy towards some of those who lost out. Equally, the legal process since his confession has made it easier to put his deeds to the back of the collective mind.

Apart from a few early court visits to discuss bail and his subsequent house arrest, and his plea hearing in March, Madoff has not been seen in public. Add to that the fact he has not faced trial because of his confession, it is perhaps unsurprising he has not received the visible pillorying by the media that people in his situation tend to face.

Madoff and Sir Allen Stanford, the Texan billionaire who last week pleaded not guilty to masterminding a $7 billion fraud at his financial empire, are as different as night and day. Not only was Sir Allen known to the public for his flamboyant lifestyle, his love of fine property and for sponsoring major sporting events, his first action after being charged by America's leading financial regulator for the fraud was apparently to go on the run.

That it turned out he had been at his girlfriend's house in rural Virginia all along did not appear to matter to the media, and what has followed has been a veritable circus of emotional television appearances, consistent denials, and a late-night arrest, all topped off by his appearance in an orange jumpsuit and manacles at a Houston courthouse last week.

To date, the Madoff case has provided none of this, and even today, which is likely to be his final public appearance, there is no certainty that he will be seen outside Manhattan's federal courthouse – which is linked by tunnel to his detention centre. Even if he is, a judge has given him permission to wear one of his trademark grey suits.

That the American public is even being denied a "perp walk" – the US police practice of parading a criminal outside a court, dressed in prison clothes and handcuffed – by Madoff says everything.

"I think the American public knows this guy's a crook and that he's taken from all his friends. I don't think they need to see the mugshot," says Tom Buchanan, a former assistant US Attorney, who is now chair of Winston & Strawn's Washington litigation department.
"Once he gets taken away, that'll be enough."


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No More Memo Diamonds ~ No More Extended Credit

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2008 Diamond Pipeline: From Market Buoyancy to Global Credit Crisis, Deflation and Recession

Diamonds Piggy Bank Broken

Diamonds Fabric of Trust & Madoff-ization OPINION

Rabbi Marc Gellman

A Letter To Madoff

Dear Bernie Madoff:
I don't think you know what you have done.
Life inevitably inflicts upon us different kinds of wounds. Very few people can live connected lives and not occasionally fail those who depend upon them and trust them. However, these are failures not betrayals. They come from trying to do the right thing and not being able to do it. A betrayal is different than a failure. A betrayal is an intentional wounding. It is born of cruelty, not ignorance. Most of us know of failures and betrayals. What you have done, however, is to radically expand the scope and viciousness of betrayal. You betrayed not just your friends, but your closest friends. You betrayed the trust of those who entrusted you with everything they had saved. You betrayed charities whose good works you have extinguished in an afternoon. These betrayals are epic in their scope and dazzling in their utter lack of remorse or responsibility.
There must be some new word invented to describe the way you have redefined betrayal. The Bible calls such things a toevah, "an abomination". It means an act so alien to our values and our natures that it cannot be understood or explained. You have committed an abomination. This is what you have done.
Another thing you did was make life incredibly more difficult for people who sell real and honorable and legitimate money products. Now every stock broker and money manager and hedge-fund operator and insurance rep who has already had a tough time convincing prospective clients that what they are selling is good and honest must now also convince them that they are not like you. An entire world economy we now know is based to an immense degree on simple trust, and you have done more than any single person to destroy that trust. You are a financial terrorist. Your attack has toppled the foundations of trust in our financial markets. Although you are not by any means the only financial terrorist, you are its most reviled attacker. What has brought us down are not worthless financial instruments, but worthless people. Many business people have always known and have never forgotten that trust is all the collateral they have ever placed against a loan. Your name is on people's lips now, but the ones out there selling honest products at a fair price ought to push your name into the gutter where it belongs. This is what you have done.
One of the very worst things you did has to do with the Jews. You are responsible for reviving the "Jew game." I heard of the Jew game from a boy who became a man last Saturday. I asked him once if he had ever experienced anti-Semitism in school. That is when he looked at the floor and told me about the Jew game. The game, played by anti-Semitic kids in school, was one in which they would hide around a corner, throw a quarter down the hall, and then when somebody picked up the quarter, they'd run at the person, shouting, "You're the Jew!"
You did not cause the anti-Semitic insults about Jews and money, but you caused them to be revived. Not since Julius Rosenberg spied for the Soviet Union has one person so damaged the image and the self-respect of American Jews. I am not comfortable with the fact that so many of the articles about you specifically identify your prominent place in the Jewish community. Ken Lay of Enron shame was never identified as a "prominent Protestant energy broker." The most aggressive accusers of the governor of Illinois seldom describe him as "the prominent Serbian-American governor of Illinois." Yes, it is unfair that your Jewishness has become part of the storyline. But you just reminded the bigots who grew up playing The Jew Game that it still strikes a familiar chord. You wiped out Joe Lieberman's accomplishments. You revived ancient bigotry against our people. You gave credence to the horrid accusations about Jews being untrustworthy and greedy. One offensive paper has a column called "Jews in the News," which focuses on some Jewish criminal or other to remind their sickening readers of the legitimacy of anti-Semitism. You are not just one of the "Jews in the news" they seek. You are the apotheosis of their hate-filled world. You have given the Jew-haters material for a decade of hate gardening. You single-handedly revived the Jew game. This is what you have done.
Most of those you've deceived will learn to live and give in new and perhaps more modest ways. Unlike your evil, which has been stopped, nothing will stop their courage and compassion. Some of your victims will no doubt be more severely wounded in circumstance and in spirit, but none of them, I pray, will surrender to your assault. Their friends will not leave them. Their children and grandchildren will not refuse to hug them and kiss them. After their initial trauma subsides, they will, I believe, move on to cling to the blessings that cannot ever be stolen.
You, on the other hand, will lose everything-everything! From this day to the end of your life, there will be none who will trust you. To be mistrusted by everyone is an enormous curse and you have brought this all upon yourself, and for what purpose? You were supposed to be the master of risk and reward and you risked everything from everyone for what reward? You have not just made a bad calculation about how money works, you have made a bad calculation about how life works. You gave no value to what matters and all value to what does not matter at all. This is what you have done.
Shame on you Bernie Madoff. Shame on you.
*



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Bigamist bride : MY FIVE HUSBANDS

By Sarah Arnold 28/06/2009
EXCLUSIVE:

Bigamist bride Emily Horne has just sent back her wedding rings... all five of them.

There was the £10 gold-coloured band from her first and only legal marriage to former soldier Paul Rigby and the £40 amethyst and cubic zirconia ring from bank worker Sean Cunningham.
Next came the silver £15 Debenhams band from web designer Chris Barrett, the £50 number in opal and gold from train guard James Matthews and a £15 silver and aquamarine ring from salesman Ashley Baker.

Former topless model Emily, 30, says returning them to her "husbands" is her way of apologising for the hurt she caused.

"It's common courtesy to return them. It's traditional, isn't it?" she says without a trace of irony.

Speaking for the first time since pleading guilty to bigamy at Manchester Crown Court on Monday, Emily confessed she married three of her five husbands just to make one man jealous.

And she is still so besotted with that man - history graduate Simon Thorpe - that she still can't bear to part with the emerald engagement ring he gave her. "He's the only man I wanted to marry, but never did," she says.

But, being Emily, she has since moved in with yet another lover, window-fitter Wayne Harper, 29 - who says he wants to spend the rest of his life with her.

"The only way I can explain my actions is that, as a child, I was always eager to please. I like making people happy," she says.

"The thing I'm guilty of most is falling in love. Sadly, it led to chaos and a lot of people suffered. It was easier to bury my head in the sand as the situation got more complicated. I realise that was wrong."

Emily admits she didn't tell some of her duped "husbands" about her past until after they married - and she is only now in the process of divorcing first husband Paul.

There is little doubt she's a troubled young woman. She gave up a degree course at Leeds University to work as a barmaid and says she's being treated for bipolar disorder.

Explaining why just so many men have fallen for her charms she says: "Quite simply, I can talk to them on subjects they understand.

"I don't bore them. My life doesn't revolve around fashion. I hate shopping. I'd rather watch football and I know what the offside rule is. And I'm packaged reasonably attractively.

"There's never been someone I wanted that I've not had. I don't set out to seduce anyone. I've never dragged anyone into my bed.

"I might look at someone and think I'll go over and talk to them and see if there's any chance. Men are led by their anatomy - one only has to look at the infidelity rate."

But yesterday she claimed to be considering a vow of chastity and becoming a nun.

"I've already spoken to one order unofficially. I'm playing around with several." In the meantime though, she is living with new man Wayne in Kingswinford, West Midlands. "He's more than my boyfriend. He's my best friend and rock," she says.

They met at Wolverhampton's New Cross Hospital while she was having a minor operation and he was being treated after a cycling accident. She moved into his family's home five days later.

"One could hardly have called me a seductress, considering the state we were both in," she says.

"About four weeks after I met him, when it became apparent there was a possibility I could become part of his life, I told him, 'I've got a past that is going to make you run'.

"But Wayne accepts everybody has a past."

Of course, not everyone has quite as many skeletons in their closet as Emily. EMILY, who is due to be sentenced on July 27, has not received payment for this interview.


Husband No 1 Paul Rigby, Dec 1996
Emily's first marriage, to soldier Paul, came after a whirlwind romance while he was on leave from the Army. They married on December 20, 1996 in York Register Office, soon after her 18th birthday.
"He was eager to please. He reminded me of a large puppy," she says. "Sadly, I can't even remember what I wore for the wedding.
"It was classic teenage rebellion taken to the extreme. It was done purely to annoy my father.
"We went to Northern Ireland for two weeks afterwards - I wouldn't exactly call Omagh a honeymoon destination. Paul was heading there anyway on leave and I tagged along. I realised it was a mistake within two weeks. Within three to four weeks I went home."
Despite claiming she lost her virginity at 14, Emily insists they never had full sex. Paul, now 30, has claimed he later wanted to divorce Emily but could not find her. Emily insists she tried to find Paul.
"Just after a year passed I contacted the Army," she said. "Eventually, he got in touch, but then disappeared and I never saw him again."

Husband No 2 Sean Cunningham, Feb 1999
Emily didn't mention she was still married when she proposed to ten-pin bowling fan Sean in a pub in 1998.
She was pregnant when they wed, in February 1999, at Leeds Register Office. Three days later, she spilled the beans. "I was tearful and he was shocked, but there was no anger."
Emily had a miscarriage and they split a month after the wedding. By then Emily had started a five-month romance with Norwegian Leif-Arne Dalspass. He claims she suggested marriage, but when he said he wasn't ready the romance faded.
Just weeks after her marriage split, Emily became involved with retail credit officer Simon Thorpe, 39 - who had given her away at her wedding to Sean, now 43. They were later engaged for two years but never married.
"I swear I never touched him until there was absolutely no chance of a reconciliation with Sean," she says.
"Simon is the love of my life. It was a relationship bordering on obsession. I will love Simon to the day I die. He is the only man I should have ever married."

Husband No 3 Chris Barrett, Dec 2000
Despite her declaration of love for Simon, and while still wearing his engagement ring, Emily fell for website designer Chris Barrett, now 30, in October 2000.
"I saw him on a bus reading a book on computer programming and I joked, 'Can't you find anything else to read at 7.30 in the morning?' We exchanged emails and later went for a drink."
They married in December 2000 at Leeds Register Office, less than three months after they first met.
Incredibly, she took Chris, 30, back to live in the home she had shared with husband number two, Sean. Emily, who at the time had found work as a £200-a-night strippergram, says: "Chris is the one I feel the worst about. I married him purely to get back at Simon. On the day of the ceremony I was full of hate, anger, spite and betrayal towards Simon. God, I'm ashamed to say that. I told him I was still married fairly quickly.
"He was an innocent victim - a pawn in a battle between Simon and me. He got nothing out of me but heartache. He was very good to me and that's what makes it even worse."
They split six weeks after their wedding and Chris went to the police. Emily was cautioned for two offences of bigamy. "Simon and I were reunited briefly after that and I fell pregnant," recalls Emily. "But when the relationship fell I had a termination. It broke me. There's not a day goes by I don't think about it."

Husband No 4 James Matthews, March 2002
Desperate to start a new life, Emily moved to Ipswich, and chatted up railway guard James Matthews.
"He rescued me from a rowdy yob on a train and I offered to take him to lunch at a platform cafĆ© as a thank you." Just four weeks later, in March 2002, after Emily proposed, they had a £1,500 church wedding.
"I texted him as a joke, 'Marry me lol' - and he said yes. James wanted a church wedding and it was themed around the film Pulp Fiction - even the vicar wore shades for the photos.
"On the day, I wanted to back out. I thought, 'Oh my God, what the hell am I doing?' But I was in too deep. James was adamant living together was not an option. Basically, unless I went ahead I wouldn't have anywhere to live.
"When I told him afterwards about still being married, his attitude was, 'We got married in the eyes of God.' He said it didn't
matter." But they fell out when Emily had a drunken snogging session with a woman in front of him. She says: "He gave me a four-hour lecture, saying I was going to hell."
The final straw came when she moved in with one of his friends, computer engineer Ross Beech, 25. James went to the police and Emily was given a six-month sentence for bigamy at Ipswich Crown Court in January 2004, under her modelling name of Amileannya Carmichael.
The judge branded her a "very predatory female". She served six weeks - and then picked up her relationship with lover Ross.
She said: "I was with him for two years before we broke up."

Husband No 5 Ashley Baker, Sept 2007
Emily and Ashley wed wearing jeans and T-shirts in Chadderton, near Oldham, in September 2007.
They had met four months before in a bar. Salesman Ashley, 25, claims Emily confessed their wedding was not legal on their honeymoon, although she says she told him before they wed.
"My judgement was very seriously impaired," she insists now. "I was between a rock and a hard place.
"I was worried I would be sectioned because of being bipolar and wanted somebody who I trusted to make decisions for me."
Their tempestuous relationship came to an end 10 months later, when she made a false allegation of assault against him.
She said: "It was then that I decided to come clean. Every time I married, I was always scared of being found out, but the ball had already started rolling down the hill and it was too big to stop.
"Whatever price I have to pay now, even if it's going to prison, I will accept the punishment."

No 6? Wayne Harper
Emily met Wayne 10 months ago when she chatted him up while they were both in hospital.
"I am completely in love with her," says Wayne, 29.
"She told me about being a bigamist a couple of weeks after we met. I was a bit shocked when she told me she was married to five men.
"She also told me she's done some adult movies and I was a bit stunned about that. But I can understand why she didn't want to tell me the whole gory details. I'm standing by her."
He says he has no plans to marry, but he does intend to build a life with Emily. He says: "She is goodlooking, slim, sexy and intelligent - what more could a man ask for? "When we met, my face was swollen because I'd had a cycling accident and she asked me what I had done. We just got talking - and it went from there. She told me she had nowhere to stay when she got out of hospital so she moved in with me and my family.
"Everybody deserves a chance to turn their life around. I believe she will stay with me and I will support her if she goes to prison."


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Diamond Imports
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Kiss Her With A Diamond
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Sunday, June 28, 2009

Strongmen of Africa : African Political Role Models Part 2

" ...it is wrong to blame the problems of today's Africa entirely on colonialism. Much of history consists of peoples conquering or colonizing each other. Yet, from Ireland to South Korea, countries that were once ruthlessly colonized have nonetheless managed to build reasonably just and democratic societies.
The reasons most of Africa has not done so go far beyond the colonial heritage. One factor is the abysmal position of women and all of the violence, repression, and prejudices that go with that. Another is the deep-seated cultural tolerance and even hero-worship of strongmen like Mobutu, for whom politics is largely a matter of enriching themselves and their extended clan or ethnic group.
Finally, perhaps above all, is the way the long history of indigenous slavery is still deeply and disastrously woven into the African social fabric. These same handicaps exist elsewhere. Discrimination against women retards social and economic progress in many countries. " : Adam Hochschild
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This story incomplete...more coming :
The Diamond Guru

Who's Who of African Political Leaders ?
Source Wikipedia
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Click on maps to enlarge
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Mobutu Sese Seku 1930-1997 Zaire (Democratic Republic of Congo )
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While in office, he formed a totalitarian regime in Zaire which attempted to purge the country of all colonial cultural influence and entered wars to challenge the rise of communism in other African countries. His mismanagement of his country's economy, and personal enrichment from its financial and natural resources, makes his name synonymous with kleptocracy in Africa.
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Sani Abacha 1943-1998 Nigeria

Nigerian military leader and politician. He was the de facto President of Nigeria from 1993 to 1998.The government of Obasanjo has implicated the deceased general and his family in a wholesale looting of Nigeria's coffers. According to post-Abacha governmental sources, some $3 or $4 billion USD in foreign assets have been traced to Abacha, his family and their representatives, $2.1 billion of which the Nigerian government tentatively came to an agreement with the Abacha family to return, with the quid pro quo being that the Abachas would be allowed to keep the rest of the money
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Iddi Amin Dada 1925-2003 Uganda
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He took power in a military coup in January 1971, deposing Milton Obote
extrajudicial killings and the expulsion of Asians from Uganda. The number of people killed as a result of his regime is unknown; estimates from international observers and human rights groups range from 100,000 to 500,000.
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At the time of his death, EyadƩma was the longest-serving ruler in Africa.EyadƩma had an extensive personality cult, including, but not limited to, an entourage of 1,000 dancing women who sang and danced in praise of him; portraits which adorned most stores; a bronze statue in the capital city, LomƩ; $20 wristwatches with his portrait, which disappeared and re-appeared every fifteen seconds; and even a comic book that depicted him as a superhero with powers of invulnerability and super strength.He was considered to be a ruthless dictator, never shy of torturing opponents, and even having them fed to crocodiles.According to BBC News, EyadƩma claimed that democracy in Africa "moves along at its own pace and in its own way."
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His regime was characterized by ethnically-based dictatorship and the suppression of political opposition.Doe began to systematically eliminate Council members who challenged his authority. Paranoid about the possibility of a counter-coup, Doe began to favor people of his own ethnic background, the Krahns, placing them in key positions. Meanwhile, the economy deteriorated precipitously and popular support for Doe's government soon evaporated.
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Charles Taylor
1948 - Still Alive, Liberia

He was once one of Africa's most prominent warlords during the First Liberian Civil War in the early 1990s and was elected president at the end of that conflict. He was subsequently forced into exile,and is currently being held in the United Nations Detention Unit on the premises of the Penitentiary Institution Haaglanden, location Scheveningen in The Hague, and on trial by the Special Court for Sierra Leone.[3] At the war crimes trial, Joseph "Zigzag" Marzah, a former military commander, testified that Charles Taylor celebrated his new found status by ordering human sacrifice, including the killings of Taylor's opponents and allies that were perceived to have betrayed Taylor and having a pregnant woman buried in sand while alive.[29] Marzah also accused Taylor of forcing cannibalism on his soldiers, in order to terrorize their enemies.[30]
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Emperor Jean-Bedel Bokassa of Central Africa 1921-1996

Bokassa had been sentenced to death in absentia in December 1980 for the murder of numerous political rivals.He was arrested and tried for treason, murder, cannibalism and embezzlement. Following an emotional trial that lasted seven months he was acquitted of the cannibalism charges but was convicted of the remaining charges and sentenced to death on 12 June 1987.[44][45] His sentence was commuted to life imprisonment in February 1988 by President AndrƩ Kolingba and then reduced further to twenty years. With the return of democracy in 1993, Kolingba declared a general amnesty for all prisoners as one of his final acts as President, and Bokassa was released on 1 August.

He briefly flirted with Islam for 3 months in 1976 but at the end of his life he proclaimed himself the 13th Apostle and claimed to have secret meetings with the Pope. He died of a heart attack on 3 November 1996 in Bangui, at the age of 75. He had 17 wives and a reported 50 children.
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Ibrahim Babangida 1941 - Still Alive, Nigeria
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He was military ruler of Nigeria from his coup against Muhammadu Buhari in August 1985 until his departure from office under heavy popular pressure in 1993 after his annulment of elections held that year.Babangida's nickname's include "The Evil Genius" and "Maradona" (for his ability to dribble out of tight situations with the media).He came into power in a military coup promising to bring to an end the human rights abuses perpetuated by Buhari's government, and to hand over power to a civilian government by 1990.Eventually,he perpetuated one of the worst human right abuses and lots of unresolved political assassinations.Babangida repeatedly defied summons to appear before the panel to answer allegations of humans rights abuses and questioned both the legality of the commission and its power to summon him.Babangida is now warming up to contest for election in 2011, as he once said that he is the only better person that understand Nigerian problem, Babangida believed that after staying at home for many years he should come back again to run the country.
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Kenneth Kaunda of Zambia 1924-Still Alive Religion Presbyterian
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Kaunda instituted a policy where all children, irrespective of their parents' ability to pay, were given free exercise books, pens and pencils. The parents' main responsibility was to buy uniforms, pay a token "school fee" and ensure that the children attended school. This approach meant that the best pupils were promoted to achieve their best results, all the way from primary school to university level. Not every child could go to secondary school, for example, but those who did were well educated.
With no more opposition against him, Kaunda allowed the creation of a personality cult. He developed a left nationalist-socialist ideology, called Zambian Humanism. This was based on a combination of mid-twentieth-century ideas of central planning/state control and what he considered basic African values: mutual aid, trust and loyalty to the community.
Kaunda kept any enemies at bay by ensuring that they never got into political power.
After retiring, he has been involved in various charitable organizations.
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Lansana Conte of Guinea circa 1934- 2008
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ContƩ's economic reforms, including currency devaluation and reduction of government spending met with approval of the International Monetary Fund (IMF), and realignment with western nations encouraged foreign investments.In August 2006 Human Rights Watch produced a 30-page report condemning human rights abuses in Guinea, highlighting the power vacuum resulting from the President's ongoing illness, and expressing concern about the future.In an interview with journalists reported by GuinƩenews in October 2006, Lansana ContƩ said that he intended to stay as President until 2010, which was the end of his seven-year term. ContƩ also said that he was looking for a replacement who "loves the country and will protect it against its enemies."[8]In November 2006 Transparency International updated its annual corruption index. Guinea under Lansana ContƩ was then second equal as the most corrupt country in the world (pride of place for corruption going to Haiti). This is a matter of concern for foreign firms intending to invest in Guinea (for example to exploit its extensive bauxite reserves) as they are unable to operate in Guinea without paying huge bribes to highly placed government officials, but if caught doing so they may face legal action in their country of origin.
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Yoweri Museveni of Uganda 1944- Still Alive Religion Born-Again Christian
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The post-Amin regimes in Uganda were characterised by corruption, factionalism and an inability to restore order and acquire popular legitimacy. Museveni needed to avoid repeating these mistakes if his new government was not to befall the same fate.
In March 1989, Amnesty International published a human rights report on Uganda, entitled Uganda, the Human Rights Record 1986–1989. It documented gross human rights violations committed by NRA troops. In one of the most intense phases of the war, between October and December 1988, the NRA forcibly cleared approximately 100,000 people from their homes in and around Gulu town. Soldiers committed hundreds of extrajudicial executions as they forcibly moved people, burning down homes and granaries.[19].
Museveni has won praise from Western governments for his adherence to IMF Structural adjustment programs, ie. privatising state enterprises, cutting government spending and urging African self-reliance.
In official briefing papers from Madeleine Albright's December 1997 Africa tour as Secretary of State, Museveni was called a "beacon of hope" who runs a "uni-party democracy," despite Uganda not permitting multiparty politics.[24].These generous statements have since been re-evaluated.
In an opinion article in the Boston Globe and in a speech delivered at the Wilson Center, former U.S. Ambassador to Uganda Johnnie Carson heaped more criticism on Museveni. Despite recognising the president as a "genuine reformer" whose "leadership [has] led to stability and growth", Carson also said, "we may be looking at another Mugabe and Zimbabwe in the making".[36] "Many observers see Museveni's efforts to amend the constitution as a re-run of a common problem that afflicts many African leaders – an unwillingness to follow constitutional norms and give up power".[37]
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Milton Obote of Uganda 1925 - 2005
* President of Uganda from 1966 to 1971 and from 1980 to 1985, was a Ugandan political leader who led Uganda to independence from the British colonial administration in 1962. He was overthrown by Idi Amin in 1971, but regained power in 1980. His second rule was marred by repression, and the deaths of many civilians as a result of a civil war known as the Ugandan Bush War
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Bakili Muluzi of Malawi 1943 - Still Alive
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Laurent-DƩsirƩ Kabila of Democratic Republic of Congo 1939 - Assassinated 2001 Religion Islam

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Kabila had been a committed Marxist, but his policies at this point were a mix of capitalism and collectivism. While some in the West hailed Kabila as representing a "new breed" of African leadership, critics charged that Kabila's policies differed little from his predecessor's, being characterised by authoritarianism, corruption, and human rights abuses. Kabila was also accused of self-aggrandizing tendencies, including trying to set up a personality cult, with the help of Mobutu's former Minister of Information, Dominique Sakombi Inongo.Kabila was shot during the afternoon of January 16, 2001 by one of his own staff, Rashidi Kasereka, who was then killed. The assassination was part of a failed coup attempt. Kabila might have been alive when he was flown to Zimbabwe after the assassination. The Congolese government confirmed that he had died there on January 18. One week later, his body was returned to Congo for a state funeral and his son, Joseph, became president ten days later.

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Kwame Nkrumah of Ghana 1909 -1972

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Ghana had effectively been a one-party state since becoming a republic, but the amendment transformed Nkrumah's presidency into a de facto legal dictatorship.Today, Nkrumah is one of the most respected leaders in African history. In 2000, he was voted Africa's man of the millennium by listeners to the BBC World Service.Nkrumah never returned to Ghana, but he continued to push for his vision of African unity. He lived in exile in Conakry, Guinea, as the guest of President Ahmed SƩkou TourƩ, who made him honorary co-president of the country. He read, wrote, corresponded, gardened, and entertained guests. Despite retirement from public office, he was still frightened of western intelligence agencies. When his cook died, he feared that someone would poison him, and began hoarding food in his room. He suspected that foreign agents were going through his mail, and lived in constant fear of abduction and assassination. In failing health, he flew to Bucharest, Romania, for medical treatment in August 1971
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Jerry John Rawlings of Ghana 1947- Still Alive Religion Roman Catholic
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Achieved political and economic stability in a region rife with conflicts (for example Liberia, CƓte d'Ivoire, Togo, Guinea Bissau and Sierra Leone).

Created 110 districts through non-partisan district level elections. Education, infrastructure developments and healthcare all devolved to the district level. Annual government subvention by law goes to the district — unthinkable in many other African countries.
Both Bill Clinton and Queen Elizabeth II visited Ghana during Rawlings tenure to highlight the successes of the country.
He is the joint recipient of the 1993 World Hunger Award.

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Blaise CompaorƩ
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Daniel Toroitich arap Moi of Kenya 1924 - Still Alive Religion ?
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Moi became increasingly viewed as a despot, aid was withheld pending compliance with economic and political reforms.
In 1999 the findings of NGOs like Amnesty International [4] and a special investigation by the United Nations [5] were published which indicated that human rights abuses were prevalent in Kenya under the Moi regime.
Moi has also been implicated in the 1990s
Goldenberg scandal and subsequent cover-ups, where the Kenyan government subsidized exports of gold far in excess of the foreign currency earnings of exporters. In this case, the gold was smuggled from Congo, as Kenya has negligible gold reserves. The Goldenberg scandal cost Kenya the equivalent of more than 10% of the country's annual GDP.
In October 2006, Moi was found, by the International Centre for Settlement of Investment Disputes, to have taken a bribe from a Pakistani businessman to award monopoly of duty free shops at the country's international airport in Mombasa and Nairobi. The businessman Ali Nasir claimed to have paid Moi 2 million US$ in cash to obtain government approval for the World Duty Free Limited investment in Kenya.[7]
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Hosni Mubarak of Egypt
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Omar Al Bashir of Sudan 1944 Still Alive Religion Sunni Islam
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While the government of the Republic of Sudan denies the allegations of slavery in the country, claiming that these reports are attempts to shed a bad light on Muslims and Arabs, and that slave redemption programs are fraudulent attempts to make money, the the Rift Valley Institute's Sudan Abductee Database claim over 11,000 people were abducted in 20 years of slave-raiding in the southern regions,[64] while SudanActivism.com mentions that hundreds of thousands have been abducted into slavery, fled, or are otherwise unaccounted for in a second genocide in southern Sudan.[65]
In July 2008, the prosecutor of the International Criminal Court (ICC), Luis Moreno-Ocampo, accused al-Bashir of genocide, crimes against humanity and war crimes in Darfur.[8] The court issued an arrest warrant for al-Bashir on 4 March 2009 on counts of war crimes and crimes against humanity, but ruled that there was insufficient evidence to prosecute him for genocide.[9][10] The warrant will be delivered to the Sudanese government, which is unlikely to execute it.[10] Al-Bashir is the first sitting head of state ever indicted by the ICC.[10] The court's decision is opposed by the African Union, League of Arab States, Non-Aligned Movement, and the governments of Russia and China.[11] One expert has called on the court to suspend the arrest warrant.[12] Videos : Inside Sudan
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Gaddafi
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Omar Bongo
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Obiang Nguema
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Denis Sassou Nguesso of Republic of the Congo-Brazzaville 1943 - Still Alive
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Eduardo dos Santos
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Francois Bozize of Central Africa
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Yahya Jammeh of Gambia
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Iddriss Deby of Chad
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Valentine Strasser of Sierra Leone
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Mwai Kibaki
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Mengistu Haile Mariam
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Meles Zenawi of Ethiopia 1955 - Still Alive
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Paul Biya of Cameroon 1933- Still Alive Religion Catholic
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Biya regularly spends extended periods of time in Switzerland at the Hotel InterContinental Geneva where the former director Herbert Schott reportedly said he comes to work without being disturbed[15]. These extended stays away from Cameroon, while sometimes as short as 2 weeks are sometimes as long as three months and are almost always referred to as short stays in the state owned press and other media[16][17].
Biya has been criticized by some as being a strongman, and is sometimes considered to be aloof from the people. He seldom leaves his Etoudi palace, and is more frequent in Switzerland than outside of the fortress palace in Etoudi, Yaounde. Even cabinet ministers rarely see Mr Biya. He has also been strongly criticized by the Anglophones, the English-speaking people of Cameroon who live in the region formerly under British colonial rule, for their marginalization and oppression. His strongest opposition is from this region of Cameroon.
The historian
David Wallechinsky, in his book Tyrants, the World's 20 Worst Living Dictators, ranked Biya with three others in sub-Saharan Africa: Robert Mugabe of Zimbabwe, Teodoro Obiang Nguema Mbasogo of Equatorial Guinea and King Mswati of Swaziland. He describes Cameroon's electoral process in these terms: “Every few years, Biya stages an election to justify his continuing reign, but these elections have no credibility. In fact, Biya is credited with a creative innovation in the world of phony elections. In 2004, annoyed by the criticisms of international vote-monitoring groups, he paid for his own set of international observers, six ex-U.S. congressmen, who certified his election as free and fair.”[18]
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Frederick Chiluba of Zambia
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Jacob Zuma of South Africa
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Joseph Kabila
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Paul Kagame

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Robert Mugabe of Zimbabwe ( formerly Rhodesia)

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Mugabe Wants His Cake & Eats It Too

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The Failing Battle Against Blood Diamonds

" The Kimberley Process Certification Scheme was set up in 2003 to prevent the trade in diamonds that fund conflict.

It requires governments to certify shipments of rough diamonds are free from such stones.
Countries that participate must:

pass legislation to enforce the process;

set up control systems for the import and export of rough diamonds;

only trade rough diamonds with other participants to prevent conflict diamonds from entering the process.

establish a system of internal controls designed to eliminate the presence of conflict diamonds from rough diamonds it imports and exports;

ensure rough diamonds are imported and exported in tamper resistant containers;

transport containers of diamonds with a tamper and forgery resistant certificate stating the country of origin and authenticating they adhere to the process; "

Source: Kimberley Process; Global Witness
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" Consumers will increasingly measure the product against where it comes from, who manufactured it, and how. What does the product do for the economies where it is mined? This goes far beyond ethical practices – we are getting into areas of business morality, or, more precisely, the morality of our business " : Chaim Even-Zohar
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Canadian who led the charge
resigns in disgust from ‘failing' prevention project
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Geoffrey York
Johannesburg — From Friday's Globe and Mail Last updated on Saturday, Jun. 27, 2009
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One of the leading architects of the international battle against “blood diamonds” has quit the global scheme that was supposed to solve the problem, calling it an inept and failing process.
Ian Smillie, a Canadian who led the campaign against the illegal diamond trade that was fuelling wars in Africa and elsewhere, says he is giving up on the Kimberley Process because it is “complacent and almost completely ineffectual.”

The process, he says, has failed to tackle the growing bloodshed that surround diamonds in countries such as Zimbabwe, where more than 200 people were reportedly killed by the military when it seized control of diamond fields last fall, and in Angola, where thousands of small-scale Congolese miners were beaten and expelled.

Mr. Smillie, who worked for 10 years on the blood-diamond issue and helped create the Kimberley Process, has written to the process members to announce his resignation and to blast it for its refusal to deal with Zimbabwe and other human-rights abuses.

“When regulators fail to regulate, the systems they were designed to protect collapse,” he warned in the letter. “Without a genuine wakeup call and the growth of some serious regulatory teeth, it leaves the industry exposed, vulnerable and perhaps, in the end, unworthy of protection.”

A leading industry publication, Diamond Intelligence Briefs, said the resignation by Mr. Smillie has dealt the Kimberley Process “the hardest blow to its reputation and standing since its inception.”

The Kimberley Process Certification Scheme, set up in 2003 after years of effort by Mr. Smillie and other activists, is an effort by governments and the diamond industry to break the link between the diamond trade and the vicious civil wars that it was provoking in countries such as Liberia and Sierra Leone. It uses a certification process to ensure consumers that their diamond purchases do not fuel wars or violence.

The 49 members of the process held a three-day meeting in Namibia this week to discuss the Zimbabwe bloodshed and other problems, but the meeting ended yesterdayTHURSDAY without any statement being issued. For the first time at any major Kimberley meeting since 2003, Mr. Smillie did not attend.

Mr. Smillie, who is a research co-ordinator at the Ottawa-based Partnership Africa Canada until his resignation takes effect at the end of next month, said the Kimberley Process is ignoring the widespread murders and cross-border diamond smuggling in Zimbabwe, Angola, Venezuela and other countries.

“From our point of view, it makes no sense to have an international regulatory system that aims to prevent blood diamonds but which at the same time condones this kind of behaviour,” Mr. Smillie said in an interview.

“Illegal diggers may well be a problem, but when governments resort to beatings, theft, rape and murder to enforce the law, there is something badly wrong.”

In the African country of Guinea, diamond production had inexplicably increased by more than 600 per cent in two years, an official statistic that nobody believed and seemed to reveal cross-border smuggling, yet an investigation team sent by the Kimberley Process last August has failed to produce even a report so far, he said.

In Venezuela, where the government promised to halt smuggling, an investigation by Mr. Smillie's researchers last month revealed that the illegal trade was continuing, yet the Kimberley scheme was doing nothing about it, he said. And another country, Lebanon, doesn't produce any diamonds, but exports more diamonds than it officially imports.

“For me, all of this has had a mad-hatter tea-party air to it, and I felt I could no longer be part of it,” Mr. Smillie said.

“I thought in 2003 that we had created something significant. In fact we did, but we have let it slip away from us.... We've been blowing the whistle for four or five years, but the problems keep mounting and I just couldn't tolerate it any more.”

The World Diamond Council, the leading industry group, lent its support to Mr. Smillie at the Kimberley meeting in Namibia this week. It said the Kimberley scheme must be “far more vocal” in its demands for action by governments, including stronger government oversight of the diamond trade.

“With only a few exceptions, there is little evidence to suggest that the Kimberley Process is receiving this level of support,” the council told the meeting.

“It is therefore unsurprising that events and activities associated with the illegal appropriation of valuable natural resources go unchecked.... The diamond industry is at one with Ian and his colleagues in civil society in demanding that humanitarian issues associated with the theft and illegal trade of any natural resource are addressed effectively.”

Human Rights Watch, meanwhile, will issue a major report today on FRIDAY to document how the Zimbabwean military killed more than 200 people when it attacked small-scale miners at a diamond field in Marange district in eastern Zimbabwe last October and November.

The ruling party of President Robert Mugabe launched the attacks so that the party and the military would gain control of millions of dollars in revenue from the diamond field, the report says.

“Military operations over a three-week period involved indiscriminate fire against miners at work and people in their villages,” the report says.

At least 107 bodies, many with visible bullet wounds, were brought to the morgue at a local hospital from Nov. 1 to Nov. 12, it said. “Overcrowded, the hospital eventually had to turn away trucks carrying more bodies. One man described to Human Rights Watch the extrajudicial execution of his brother – shot in the back of the head by soldiers who accused him of being an illegal miner.”

Since then, the army has established syndicates of forced labourers, including children, to mine the diamonds in the district, and it has shot those who refuse to work, the report said.
It said the Kimberley Process has a mandate to take action against these abuses, but its mandate “has been too narrowly construed by its members.”

The Kimberley Process says it is planning to send a mission to Zimbabwe. Its current chairman, Namibian deputy mines minister Bernhard Esau, this week acknowledged “gaps” in the system but promised to “strengthen” it. Source :The Globe & Mail
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Additional Reading :
Kimberley Process Under Threat Politically Incorrect Part 1
Africa's numerous bloodthirsty leaders have failed their own people.
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The Morality of Diamonds
" Consumers will increasingly measure the product against where it comes from, who manufactured it, and how. What does the product do for the economies where it is mined? This goes far beyond ethical practices – we are getting into areas of business morality, or, more precisely, the morality of our business " : THURSDAY, JULY 3RD, 2008, CHAIM EVEN-ZOHAR

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Fair Trade Diamond Advocate Martin Rapaport

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Fair Trade Diamonds
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Daniel F Katz Graduate Gemologist ( GIA ) RFC ( Aust. )
Proudly NOT a member of the Jewellers Association of Australia

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Historical Perspective :Ed Zwick Producer of Blood Diamonds

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Rapaport International Diamond Conference
New York, Feb. 5, 2007

“THINKING ABOUT DIAMONDS”
Ed Zwick, Producer Blood Diamonds

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I have spent the better part of two years thinking about diamonds.

Before presuming to make a movie that might be seen by millions, I felt an obligation to try to better understand my subject.

And so I’ve studied their science, their history and their commerce.

I’ve visited mines, read spread-sheets and secret memo’s, peered at rough stones through microscopes, traveled throughout four continents to talk to jewelers, smugglers, dealers, politicians, captains-of-industry, mercenaries, NGO do-gooders and corporate spin doctors.

And what I learned was as complex and rife with contradiction as Africa itself: as faceted and
mysterious, one might even say, as a diamond.

A thing both rare and yet abundant.

A beautiful object that is sometimes born of ugliness.

Something indestructible that has also caused so much destruction.

But when Martin asked if I might speak today, I wasn’t at all sure I had anything to contribute.

I’m not an industry insider.

I have no particular expertise, and certainly no stake that rivals those of you for whom diamonds are your livelihood, your passion or your crusade.

Then again, of all those here, I may be the one person with absolutely no agenda.

So I hope, in this spirit, you will indulge me some personal reflection, a few observations, as
well as some idealistic and no doubt intemperate conclusions.

After all, mine is the world of emotion, not P &L statements or government briefings.

I tend to see things as my audience does, in terms of right and wrong, and most of all as a set of moral choices.

For me, I guess, today represents some kind of closure.

My film, whether it appealed to you, offended you, excited your curiosity or bored you to tears, will soon be gone from the theatres.

The dvd’s will be gathering dust on the shelf and I will be obliged to become passionate about something else entirely.

We story tellers are notoriously promiscuous by trade.

We have our way with you and move on.

Having directed films for over twenty-five years now, I have become hardened, or at the very least, resigned to this reality.

But Africa was unlike any experience I have ever had.

Every day brought forth some new confrontation with myself, and with my intentions.

To behold the natural grace of God's greatest gifts – the beauty and vastness of the land, the grace of animals, the faces of children – and then to see it all juxtaposed, at every turn, with unspeakable human misery…it was just overwhelming.

Because it was truly hard to understand how the immensity of such goodness had also created such fertile ground for the expression of evil.

How it could be at once a feast of innocence and also a catalogue of human suffering.

The drama of such violent juxtapositions rocked every complaisant notion I might have had
about man’s capacity for cruelty and for joy.

For twenty five years I had presumed, as a dramatist, to understand something about man’s nature and purpose, but never before and nowhere else had the essential divine apathy of the human circumstance been so starkly revealed to me, while at the same time confirming some essential and private theology, of the extremity of things and feelings, of the imminence of life, and the glory and sadness of its brevity.

How could I feel all this and still engage in making a film intended for profit and self glorification
– without utterly exploiting those whose suffering was its subject?

After all, what resource is more valuable than one’s story.

And how different was my situation, really, than those willing who plunder a country’s natural treasure and then give nothing in exchange.

My first reaction was to despair.

This turns out to be a pretty standard response among those of the privileged world who confront such contradiction for the first time.

Seeing the kind of things one sees, day in and day out, inevitably engenders a certain hopelessness… and then to have to devote myself, as I was obliged to do on the set, to the
depiction and recreation of such cruelty and horror -- the rape of villages, the shattering of
families, the debasement of children… well, all I can say is, I honestly wasn’t sure I would
get through it.

But then a curious thing happened.

The more people I met who had endured this calamity – Sierra Leoneans who had lost everything, former child soldiers, amputees – the more I realized that what I was feeling was essentially selfish, that my feelings had absolutely nothing at all to do with the reality of their experience.

All around me, everyone else was involved in the business of living – of getting on with it – of doing whatever they could in the epic, even heroic challenge of getting through the day.

Their circumstances may be appalling and squalid, but their behavior was energetic and industrious and full of all sorts of odd and unexpected dignity.

Even of laughter and joy.

Whether fashioning bits of scrap metal into toy cars to sell, laying out a few withered vegetables on a street corner, or carrying huge jerry cans of water on one’s head for miles, they were doing what they can.

And after a certain amount of watching this, I couldn’t help but ask myself, what was I doing?

And so, tentatively at first, and then with growing enthusiasm and commitment, I began to consider what it was I could do, what task, what contribution, what portion of good was within my ken to accomplish.

What we ended up doing was little enough... insignificant, in fact, relative to the immensity of the need.

But a film company has certain resources.

And so we repaired roads, dug wells, improved sewage drains, built classrooms.

More important, we injected forty million dollars of cash – in the form of jobs -- directly into local economies, where the money stays and is turned over, again and again.

The truck driver gives his pay to his wife, who pays the butcher, whose wife buys clothes for her children, and so.

We were there for less than a year.

But the diamond industry has been in West Africa for almost a hundred years. And, as
best I can tell, relative to the bounty it has taken, it has done next to nothing at all.

I’m not talking about Botswana – which has become the poster child of all the good your industry can do.

And, with all due respect, it’s beside the point to the contributions to education or AIDS prevention in South Africa.

Because the nations of West Africa that still languish at the very bottom of the HDI have been abused, abandoned, and forgotten.

To suggest that we no longer buy their stones because of the inherent corruption is to go deeper into the same denial that created the situation in the first place.

Forget about Charles Taylor, or whether it was this company or that one who maintained a buying office or knowingly bought conflict stones, forget whether it was top management, middle management, or middle men who truly knew what was going on while thousands were killed, millions displaced, and whole countries laid waste.

Forget whether you worked in sorting, cutting or polishing, and forget even whether your role in retail, wholesale, distribution or advertising created a plausible deniability between your profit and the suffering of so many others.

The fact is, every single member of the diamond industry, consciously or not, benefited from the very stones that ruined Sierra Leone.

And now, after all the hue and cry in the media, after all the images of severed limbs, the fears, real or imagined, of the NGOS threatening a boycott, after all the negotiations with governments, it turns out that the Kimberly Process has been good for business.

Retail sales have risen every year since 1999.

By declaring you no longer trade in dirty West African stones, you hope to wipe clean the slate of an unsavory past and replace it with an altruistic face.

To say, ‘that nasty business in West Africa is ancient history, the Kimberly Process has
solved everything,’ or ‘We’ve changed. We’re an “ethical” industry now. None of us even
knew it was even happening’ – is to miss the point.

Complicity is not just a phrase of art.

Many of us in this room are Jews.

How many of us would accept the argument that those in Nazi Germany who stood idly by and watched the slaughter of six million are free of blame because they now claim not to have known what was happening.

At the end of World War II, as Japan lay in absolute ruin, brilliant minds led us to
understand the moral as well as the political obligation of restitution.

We realized there was an intrinsic value to building up a society we had destroyed, in the creation of alliances and trading partners out of a former enemy.

Amid the hopelessness and apparent passivity of millions of people, there is an incalculable energy that has yet to be felt by the rest of the world.

The question is, will we harness it as a force for productivity and good, or we will
continue to allow it to turn inward, often violently on itself – until the day comes that its
rage is manipulated toward we who have been instrumental in its suffering.

How many times has it been proven in other parts of the world that a violent ideology finds its most fertile expression among the dispossessed.

It is at our peril that we assume Africa is not ripe for the same kind of exploitation.

I am encouraged this morning to have heard so many capable people focus their considerable intellect and experience on the welfare of a place whose need has been ignored for too long, and also to sense the willingness of each of you to listen to the other.

But the diamond industry needs to do more than listen.

I don’t mean coming up with some clever marketing scheme that confuses responsibility with publicity by making a corporate line-item out of helping people…like offering to make a $10,000 charitable contribution in order to convince some clueless actress to wear bling at the Oscars.

I’m talking about a paradigm shift, about re-imagining an entire industry as a force for good, not waiting for a development partner, but becoming a major development partner yourself; not to be defensive but rather to lead.

What would happen if the industry decided to dedicate a portion of every single African diamond sale – to the rebuilding of infrastructure and the creation of sustainable development?

The Red Campaign is doing it with Gap t-shirts and jeans, American Express is using credit cards, what’s to stop the branding of West African diamonds.

I know how idealistic this sounds, and probably how unrealistic.

But one more thing I have learned over these two years is that there is really no such thing as the “diamond industry.”

No institution is a monolith, it’s a community of souls.

Of people, thousands of individuals who, deep in their hearts, if given the chance, would like to do well by doing good.

To all of you, I say, if you truly believe that diamonds represent love, what greater love is there than that of one’s fellow man?

And the irony is, if ever such a marvelous thing could come to pass… it would probably
end up being good for business.

Imagine how a woman would feel to know that, in being given a diamond, not only that she is loved, but that she is giving love in return.

It was a privilege to be invited here today and I thank you for it

***

Fair Trade Diamonds
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AVI PAZ RE-ELECTED AS PRESIDENT OF ISRAELI DIAMOND EXCHANGE


25 June 2009

Current president of the Israel Diamond Exchange Avi Paz has been re-elected for a third consecutive term.

It will be his final term at the helm of the exchange.

Also elected during the Israel Diamond Exchange's biennial elections were Yair Sahar and Ya'akov Karan as vice presidents. The newly elected board members are: Mordechai Fluk, Ya'akov Korn, Shalom Papir, Ben Zion Sasa, Yehezkel Blum, Yehuda Sayag, Amotz Raz, Rafi Yerushalmi, Yehoram Harel Haimoff, Ya'akov Harun Sheli, Yishai Topel, Hagai HaLevi and Yosef Papo.

Paz received 73 percent of the votes and expressed his satisfaction, saying "I am very pleased with the vote of confidence I received today."

Paz continued: "Our industry faces a mulititude of challenges in the coming year and there is a lot of work waiting for the new board and myself. We will all work hard to turn these challenging times into new opportunities."

Paz's re-election as IDE president will allow him to run for re-election as president of the World Federation of Diamond Bourses at the next World Diamond Congress in 2010.

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Diamond Imports
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Daniel F Katz Graduate Gemologist ( GIA ) RFC ( Aust. )

Proudly NOT a member of the Jewellers Association of Australia

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Diamond Deposits World Map

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Saturday, June 27, 2009

VYBORNOV : THRONE OFF ?

Sergei Vybornov of Alrosa Co.Ltd
Russia's largest diamond company
accounts for about 100% of all rough diamonds produced in Russia
and for about 20% of the world's rough diamond output
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Responding to a request from PolishedPrices.com for clarification of the June 20 election of a new Alrosa board of directors, without chief executive Sergei Vybornov, Alrosa spokesman, Yelena Nikiforova, has provided the following company statement.

“The largest shareholder of the company in the name of the government of the Russian Federation does not consider necessary the presence of representatives of executive management as a part of the Supervisory Board of Alrosa… According to the government decision, the structure of boards of directors of state companies should include professional counselors, Alrosa says, and so representatives of the Russian Federation voted for inclusion in the structure of the Supervisory Board of the company of independent directors. The President of Alrosa [the chief executive] in any case participates in the Council work as the head of an executive office of the company. As to the election in the structure of the Supervisory Board of Alrosa vice-president Ivan Demyanov, this [was the] decision of the second-largest shareholder, the Government of the Republic of Sakha.”

Nikiforova also said that Vybornov is a member of the presidential delegation, led by President Dmitry Medvedev, which leaves Moscow today for a tour of Africa, with stops in Egypt, Nigeria, Namibia, and Angola.
by John Helmer - Tuesday, June 23rd, 2009
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That company statement sounds like a lot goobly gook to me.
Pardon the pun but has Mr Vybornov been ” throne ” off or not ? : The Diamond Guru
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Historical Perspective

Sales to Gokhran is not salting away,» ALROSA is President Sergey Vybornov says

Alexandra Terentyeva, Vedomosti, 02.02.2009.
The demand for polished diamonds has slackened because of the crisis. The world largest diamond mining companies have decided to restore the market of polished diamonds jointly, said ALROSA is President Sergey Vybornov.

There is no sector in the global economy that the crisis has not influenced. The luxury market is not an exception - people have ceased to spend money on polished diamonds. President of ALROSA Sergey Vybornov said in an interview to the newspaper Vedomosti about how the diamond mining companies are going to hold the market, and how ALROSA will go through the hard times. After Mr.Vybornov was interviewed, Metalloinvest is controlling shareholder Alisher Usmanov expressed an unexpected idea: he told Vedomosti that the first step on the way to establishing a diversified ore mining and smelting giant in Russian «would have been a merger of Metalloinvest, the largest ore producer, and Norilsk Nickel, the leader in production of nickel, copper and platinoids. Later, some coal producer, for example, Mechel may join them. ALROSA fits perfectly into this line as well.»

Biography
Sergey Vybornov was born in 1958. He graduated from the Moscow State University of International Relations (MGIMO), with a diploma in International Relations.1992Head, Financial and Investment Cooperation Section, RF Government Office1994
Vice Chairman of the Board, The Business Development Bank; hold the same office in 1997-1998.
1995
Director General, Federal Centre of Project Financing;
2000
Head, Investment and Credit Department, Norilsk Nickel;
2002
Director General, Investment Group ALROSA;
2007
President, ALROSA

«I know nothing of this idea and there is nothing to comment on yet,» said Mr.Vybornov to a request to comment on this statement
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Q.: How has the current crisis in the global and Russian economy influenced the diamond industry?
A.: The present situation is unique - nothing of the sort has ever happened. Basing upon our industry is experience I can say that the crisis has a psychological tinge. Sales of diamond jewelry unveil people is moods. It is not the article of prime necessity, but a symbol of relations. We sell a service, rather than goods. The crisis has affected our clients is moods and we see sales to have fallen. According to the results of Christmas sales in the U.S., the luxury market dropped by 20-25% - this being just preliminary figures. I think, demand will have been restored by the end of the year, however, there is an essential unfavorable thing at that - the market has accumulated very big stocks of, first of all, rough diamonds, and of polished diamonds as well. The stocks started to accumulate at the Indian manufacturers, and now the stocks are distributing across the whole chain. By different estimates, the volume of stocks is about -20 billion, assuming that the annual sales volumes of rough diamonds are about billion. The situation in Russia is unique: diamond jewelry sales grew by 40 percent in Q4, though in the segment of inexpensive goods. Unfortunately, the sales volume is not too large. In Russia, people initially invested in diamond products, estimating separately stones, separately gold, frequently not of the highest quality.
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Q.: Who has mostly suffered from the crisis among the segments of the diamond pipeline: diamond miners - cutters - jewelers?
A.: Cutters are the most vulnerable part in the diamond pipeline not only during the crisis but also during any changes of the market condition. The margin is 40% on average at the level of diamond mining, on the other end, at the level of brands it is 60-70%, and in the middle is only 1-3%. Any move, even a mistake at purchasing rough diamonds, quite frequently causes difficult situations with such a margin. The banks which work with rough and polished diamonds have suffered. Both we and our business colleagues are afraid of fall in prices. Polished diamonds are not cheap goods but here the laws of supply and demand work at a sentimental level, whether a person wishes to make a gift or not. Banks, for example, do not discharge stocks, neither do the mining companies. We have withdrawn from the market and sell exceptionally to Gokhran. We wish to support the market, our colleagues, we are the only who can afford this «luxury» because we are supported by the Ministry of Finance and Gokhran. De Beers and other mining companies close operations. We should go through the complex juncture, winter and spring, and after that we will probably be slowly coming back to the market. It is difficult for us also because the year 2009 is the most active year for ALROSA in terms of scheduled underground mines construction. We’ll spend a ceiling amount of money on them. We cannot cut financing, as it will mean a refusal from extraction.
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Q.: What other measures will you undertake to hold the market?
A.: In February, rough diamond producers ALROSA, De Beers, BHP Billiton, Rio Tinto, Harry Winston will announce the launch of a marketing campaign to promote diamonds. The project is called Generic Diamonds Marketing, and we will promote diamonds irrespective of where they were cut and who produced them. It is a joint contribution of miners into the market development. I think that large players in other parts of the diamond pipeline will join us. Historically, nobody has ever invested into advertising of diamond value. There were very good, effective marketing campaigns, such as The right-hand ring campaign, The Trinity campaign, but nobody has ever thought that diamond is an investment value. What is more, diamonds are really forever. For example, at Udachny - it is one of our pipes - stones is 2,4 billion years old. The age of the Earth is 2,8 billion years. Furthermore, each stone is unique and it was always extremely difficult for people to consider diamonds as an investment object.
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Q.: How much do you plan to sell to Gokhran in 2009?
A.: We sell 2,8 billion worth of diamonds in total [annually]. We would like to keep the same sales volumes this year. Sales to Gokhran is a market measure, it is not salting away. We have created a deficiency of the Russian rough diamonds. It affords us good negotiation position with the holders of big stocks - the largest dealers and cutting companies, those whom we build long-term contract relations with. This is our work for the future.
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Q.: How will relations with De Beers be built after termination of a rough diamond sale agreement, under which all exported diamonds were sold only to De Beers?
A.: We have terminated our agreement; moreover, this was done by mutual consent in December, 2008. We won a lawsuit against the European Commission, after that we could further export diamonds only to De Beers, but we will not do this. ALROSA should have its own distribution network and its own clients. ALROSA has too long or, rather, always been under De Beers wing. Much to my regret, now they cannot control the market, as their share in the market has terrifically decreased and they have neither power, nor means [to control the market]. A joint marketing initiative of all mining companies has actually emerged from here.
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Q.: How will the marketing policy of ALROSA be built? Will you have your own sightholders?
A.: We were not ready for the crisis from the point of view of marketing. A simple comparison: our clients disappeared at the very beginning of the crisis because there were too many of them. And De Beers for some time continued to market rough diamonds to its sightholders, though sales volumes decreased. Certainly, it would be logical to have our own clients, sightholders, whose business needs to be supported in tough times. With the understanding that when happens what is going on now, they will support the miners. Unfortunately, ALROSA did not have time to redistribute its sales: 50% were bought by De Beers, 50 was sold to the local market with a huge discount. So the things worked for 50 years. Only in 2007 Vladimir Putin signed a decree on quotas cancellation - that was the final step to the diamond market liberalization. Before that the market had been strictly divided into not ours, De Beers, and ours. The latter is actually not entirely ours because the investors from Israel, India, and China stand behind the most cutting enterprises of Russia. Now all our clients are equal. For the last half a year we have been working with large producers of polished diamonds, especially with those who also have a niche on the jewelry market.
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Q.: Who are they?
A.: We sell roughs directly to Tiffany and Co. It is already the back-end of the diamond pipeline - they are the only who has managed to create their own rough team. As far as I know, no other jewelry company has managed to do that. It is ideally as we would be able to sign a contract for long prospect, understanding that a manufacturer needs diamonds of a certain size, quality, and color. It is a sale guarantee for us. Though, to distribute all our rough diamonds among such contracts is very difficult. In addition, the crisis will considerably clean this market and we will see who survives.
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Q.: And how is ALROSA is own cutting business developing?
A.: We are in the second place in Russia. Before the crisis we have launched a new brand, now we will develop it, though the time is not the best for that. The brand is in a specific niche – polished made from rough diamonds of high quality and color characteristics. The stones are intended not only for corporate, but also for large private clients who can buy diamonds as investments.
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Q.: Will it be simply a diamond?
A.: Right, a very expensive polished diamond. It is a pilot project of a very small volume - 10-15 million. Diamonds, as we have already said, have been never considered as an investment. We consider that now it is a high time to advance this quality of diamonds. It is really a brand, all diamonds will have a hologram, on which it will be seen that it is produced by ALROSA. People will be able to buy them by one or two. It is a new theme for us, not batch production.
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Q.: Has the attitude of Yakutia government to ALROSA changed after the state acquired a controlling stock in the company?
A.: I do not see a fundamental difference between the Ministry of Property Relations of the Sakha Republic (Yakutia) and the Federal Property Management Agency - they represent one state-shareholder. A conflict was between representatives of the Ministry of Property Relations of Yakutia and a part of the management. There is no a conflict now.
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Q.: Before the crisis, ALROSA had planned to diversify its business. Are the plans in force? Will they be executed?
A.: The idea was put forward by Finance Minister Alexei Kudrin. It was the question of hedging risks. Diamonds do not have their economic cycle, unlike metals: gold, copper. Basically, the more the mining business is diversified, the less risk a company has. Such global things we observe now, when everything has fallen, happen seldom. But currently, amid the crisis, perhaps it is not necessary to speak about diversification, which can divert funds from core operations. On the other hand, ALROSA has historically created around itself a group of different companies. This began, however, in the first years of capitalism in Russia. Not all of them are worth being preserved now. We have non-core oil assets which we intend to get rid of in Yakutia.
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Q: Does it turn out that a question of possible purchasing Polyus Zoloto is block of stocks by ALROSA is closed?
A.: Why only of purchasing - there were many other options. As you can see, price for gold is now stable and price for diamonds is unfortunately not. Luckily, we are ZAO, i.e. a closed joint-stock company, and we have not suffered in the security market. But it is unduly now to receive money from Gokhran and give it to private investor.
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Q.: What will happen to ALROSA is non-core assets?
A.: We have bought four iron-ore deposits in Yakutia. Now we think what way to choose - we will contact the RF Ministry of Natural Resources. We need capital investments to develop the deposits, which we could find before the crisis, but now, in my opinion, it becomes problematic. There is a foreign interest in these deposits. However, coordination with the government is required because by reserves the deposits are commensurable and even exceed those of the Kursk magnetic anomaly.
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Q.: Will you sell or invite an investor?
A.: We will not sell, but, maybe, we will find an investor. I cannot say that there is any interest in Russia.
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Q.: What is the size of ALROSA is debt as of the end of 2008?
A.: Our whole debt is blank, creditors do not demand security for it, and it is a matter of trust. I can say that we had a big specific weight of a short-term debt. We restructured it completely - 44,2 billion rubles in the long money. We received it in December from the VTB bank. As a whole, the situation is normal. We will get rid of minor assets and, accordingly, reduce the debt.
How much will the debt reduced due to sale of non-core assets?
The sum can be essential - 600-700 million.
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Q.: Are not you afraid that this year a covenant under company is eurobonds, which requires the corrected EBITDA to exceed percentage payments by 3.5 times, will be broken?
A.: No, it will not be broken, taking into account that that we have rescheduled and are currently reducing the debt.
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Q.: What is happening to KIT Finance, which 45-percent stake was acquired by ALROSA IG belonging to the diamond mining company in the end of the last year?
A.: The situation enters final straight. It is getting better, the bank is gaining clients, Gazprombank has rendered support, there is an agreement with the creditors, upon which there is a certain period during which they shall not make their demands, but I feel the period will be much shorter, than that we talked about initially. I have an impression that the Russian Railways (RR) is interested in gaining control over this asset.
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Q.: How did it happen that ALROSA became a co-owner of KIT Finance after the financial problems had occurred?
A.: Any other bank is creditor could have been a shareholder of KIT Finance, simply both we and RR are companies with state participation. Probably, it was comfortable for the state to have such shareholders, rather than some others.
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Q.: How much does KIT Finance owe you?
A.: There is an agreement with the creditors, under which we do not disclose this information.
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Q.: Now, during the crisis period, is there any free time left which you can spend on yourself? How do you spend it?
A.: I have almost no free time. I like bikes. I am versed in them and rather experienced in sport biking. It is impossible to bike across Moscow, as you know, anyway it is uncomfortable. Therefore, my friends and I rent tracks and ride there when we have time.
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Q.: You have to travel much across the world. What part of the world do you like best?
A.: You are right. I have to travel a lot from Yakutia to Angola. If consider a country as an interest … I worked in France for five years and, as compared to other places, then probably there.
***
Additional Readng :
The Morality of Diamonds : St. Petersburg: A Revolution in The Making
***
Diamond Imports
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Kiss Her With A Diamond
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www.DiamondImports.com.au
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Daniel F Katz Graduate Gemologist ( GIA ) RFC ( Aust. )
Proudly NOT a member of the Jewellers Association of Australia

Friday, June 26, 2009

Matching Pair Round Brilliants D IF

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Sample Picture
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Matching Pair Round Brilliants

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Undercutting Diamond Prices

Diamond website vendors pretending to be expert specialists with very little to no expertise in diamond education or technology, often market virtual or "ghost" diamonds they do not stock.
These rogue traders and
drop shippers are offering to sell these "invisible" diamonds at ridiculously cheap prices often making legitimate ethical jewellers and genuine diamond specialists appear overpriced.

Beware of Cheap Diamonds

Remember : Low price doesn’t necessarily mean a good deal.

Many of these internet diamond retailers do not inspect ordered diamonds until the they are paid for by the buyer and continue to hide behind very questionable diamond grading reports with inaccurate gradings.

These are often the diamonds with overseas diamond certificates rejected by diamond merchants for being inferior with exaggerated grades.

These bluff diamonds can not be sold via traditional channels, often are over graded, over valued and may be treated without disclosure listed for sale at unbeatable low prices.

Real jewellers then seem undeservedly overpriced and are unable to compete against this unethical practice.

Learn About Diamonds

New Arrivals

RBC 599 Round Brilliant 1.30 carat D IF GIA#17788736 XXX

AUD$47,817.00 GST Inclusive

RBC 598 Round Brilliant 1.52 carat F SI1 GIA#2106257333 XXX
AUD$17,820.00 GST Inclusive SOLD 25th June 2009

RBC 601 Round Brilliant 0.75 carat D IF GIA#2101247902 XXX
AUD$11,187.00 GST Inclusive

RBC 602 Round Brilliant 3.05 carat F SI1 GIA#17169117 XXX
AUD$67,551.00 GST Inclusive

RBC 600 Round Brilliant 0.49 carat F VS1 DCLA#165928 X VG X X
AUD$2,343.00 GST Inclusive

*Prices may change without notification

Coming Next Month :

Round Brilliant 1.61 carat F SI1 ( possible VS2 ) XXX pending GIA certification, oversized 1.50 carat

Square Cushion 0.98 carat D VVS1 GIA Excellent Polish Very Good Symmetry

Six new Round brilliants from 0.90 carat to 0.99 carat grades all pending.

Diamond Borderlines : Limiting the Risks

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Diamond Imports

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Kiss Her With A Diamond
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Daniel F Katz Graduate Gemologist ( GIA ) RFC ( Aust. )
Proudly NOT a member of the Jewellers Association of Australia

Diamond Banks Demand More Security

Mounting Financial Perils
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Covenant, covenant… Heaven knows how many diamond companies are technically in breach of their credit covenant with their banks, just because the facility’s linkage to sales, profit or inventory ratios have gone down far more than the indebtedness. As it turns out, De Beers is no different from any other diamond company, though its interest-bearing banking debt is “slightly higher” at around $3 billion. The De Beers lending bankers’ consortium reviews every six months whether the company’s indebtedness is still in line with the parameters agreed in the borrowing agreements. Apparently, it has become clear to De Beers that there is a probability that when the credit line is being reviewed in September, the company may find itself in breach of its loan agreement. That’s a euphemism for “default.”

I want to be very precise about this: De Beers is not in breach yet. Whether it will or won’t be depends on the company’s sales and profits and whether trading conditions will improve.

Not taking any chances, De Beers is doing what most other diamond companies are doing, which is renegotiating with its banks. De Beers has found an extremely innovative solution: it simply has asked the consortium to temporarily suspend certain “triggering” conditions, or ratio tests, which might put it in breach of the agreement or, more simply, in default. If the potentially problematic clauses are removed – there will be no breach.

De Beers’ lenders seem to have considerable faith in the company - probably because they are aware of enormous shareholding restructuring, which is in the making and, if successful, would enormously widen the asset base of De Beers (We’ll come out with that story in the weeks ahead.) But, also, if there were no restructuring coming, the bankers basically have no choice and must continue their support.

But banks are smart – you don’t get something for nothing. Not even a waiver of certain terms. The main lending consortium to De Beers (which would include the Dresdner Bank, RBC, ABN AMRO, HSBC, and others), which apparently already agreed to waive certain clauses, are asking for a quid pro quo: they want an up-front fee of about 0.35 percent, which would basically make the cost of borrowing higher, reflecting a lower rating of the company. In terms of money, it means an extra $10 million payment.

In the meantime, negotiations for the renewal of the De Beers $1.5 billion credit facility, which expires in March next year (this amount is part of the $3 billion), is continuing and seems to be going fairly well. Here, too, the pending shareholding restructuring, which was initiated by Nicky and Jonathan Oppenheimer’s shareholding companies early this year, seems to be evolving positively. This sounds good for De Beers. The company’s clients in South Africa should be that lucky. Just keep on reading.

Nedbank Gets Cold Feet

In an awfully complicated “proposed new funding methodology to the DTC Sightholders,” Nedbank, southern Africa’s major diamond-industry financing institution, has now simply advised clients that “Our previous policy of funding of sights has been terminated and all funding in the future will be based purely on normal commercial principles along with the Implementation of the Basel II framework and the subsequent pricing of the lending to mitigate our risk profile.”

In sophisticated legalese, Nedbank continues to say that it has “established that our current security which is held vis-Ć -vis stock and debtors, does not allow for acceptable mitigation of our risk and as such we have been forced to consider additional/different security.” This was brought about by the bank’s fears that “in a default position we have been unable to perfect our security with inventory, which, in most cases, will be outside the southern African borders falling under the control and charge of the overseas banks.”

We’ll save our readers a listing of the some 20 different guidelines, which will henceforth govern Nedbank’s lending. But the bottom line is that southern African diamond manufacturing companies owned by overseas diamond firms will have to get a 100 percent guarantee from overseas banks for their bank debt in South Africa. And that is not likely going to happen. Foreign banks will not finance rough purchases in Africa if that rough is cut and polished in the beneficiation countries.

The problem is not just South Africa. In Botswana, there seems to be a “de facto” freeze on further lending. The government’s dream for a “diamond hub” may simply “unhub” itself because of lack of domestic credit. Some investors feel this is a breach of the implied promises made to attract them to Botswana.

Is there a solution? Yes, there is. Sightholders should – just as De Beers is doing – initiate worldwide consortium financing, meaning, one agreement to which all lenders are party. It probably will cost a fortune in legal fees to arrive at a base agreement.

Incidentally, Nedbank, if it has the overseas guarantees, will only finance a three-month Sight cycle. There will be no money for Sight number four if the first one has not been repaid. And if a company doesn’t take one or more Sights, the facility may be downward adjusted accordingly. When rough diamond is exported, the parent company must pay for it within a week.

State Diamond Trader: A Blind Date with Nature?

Maybe one should just forget about the DTC Sight and turn to South Africa’s State Diamond Trader (SDT) for rescue. After all, it also purchases rough from De Beers to sell to local industry. Surely, its terms are more “user friendly.”

Forget it; don’t even think about it. The virtually bankrupt and hopelessly mismanaged SDT has now initiated a brilliant new policy. You want rough? First pay the entire amount in advance. Then the SDT will go to De Beers and purchase on your behalf. Then come and pick-up your pre-paid parcel – and pay a four percent commission to the SDT.

At the moment, the only supplier to the SDT is De Beers. Regarding the legally mandatory the supplies of other producers, no agreement has been arrived at on the purchase price. The SDT’s purchases from De Beers are a straight 10 percent run-of-mine goods. In other words, the huge majority of the volume is unusable rubbish or diamonds unfit for local processing. But the SDT sells run-of-mine parcels, thus the targeted beneficiation clients – the small manufacturers – are not able nor do they need to purchase those goods. In fact, a handful of rough diamond dealers are the only buyers. (There may be a question whether it is even legal to sell to dealers, but let’s ignore that minor point.) One way or another, for the buyer, it is a blind date with nature. He will not see the goods before he has paid for them.

With some trepidation we awaited Minister of Mineral Resources Susan Shabangu’s budget speech to see what she would say about the SDT. We were not disappointed. “The State Diamond Trader (SDT) has been severely affected by the global economic crisis, with diamond prices losing considerable value since the implosion of the global financial crisis. The challenges facing the State Diamond Trader are compounded by the standing financial model, which is essentially not developmental, but a classical business model,” she told parliament this week. Classical? Blind Dates?

Then the minister assured parliament that “the department is assessing the prospect of a new business model for the State Diamond Trader, which will allow the Trader to continue implementing their core mandate of promoting equitable access to and beneficiation of diamond resources, addressing distortions in the diamond industry and correcting historical market failures to develop and grow South Africa’s diamond cutting and polishing industry.”

For all practical purposes, no such change will go into effect before 2010-2011. The expectations are that by that time, the beneficiation experiment for small local manufacturers will be over and forgotten. What will remain will be the debts of the SDT. Though it only pays the producer after it has collected money from its clients, the SDT has already been able to amass a debt of $1.5 million. That’s small in absolute terms but significant when one looks from a local Rand perspective.

The minister is nevertheless optimistic. “We intend to finalize these corrections during this financial year so that the Trader can maximize its contribution to socio-economic development when the upswing in the economy returns.” This underscores that the current road to catastrophe is nevertheless paved with the most honorable intentions. At the end, whoever we are and whatever we do, without normal access to financing, we won’t remain a player and our game will be over.

THURSDAY, JUNE 25TH, 2009, CHAIM EVEN-ZOHAR
*
Additional Reading :
End of Sightholder Exclusivity
Diamonds Piggy Bank Broken
Diamonds Fabric of Trust & Madoff-ization
Surat diamond industry has been badly hit by economic recession
Welcome to Fantasy Diamond Island
Diamonds & Bank Crisis
ABN AMRO Comes To Botswana
DTC & The Bankers
Banker's Doublespeak
China: Creditor to the Rich
Inflation & Weakened US Dollar Affects Diamond Prices Chinese Inflation Affects Diamond Prices
Confident Rich Continue to Invest in Diamonds & Art
The World's Leading Art & Antique's Fair 2009 Maastricht 09
TEFAF: Europe’s Grandest Fair Projects Confidence
Optimism and Jitters at Art Fair in Europe
Brisk Sales as Thousands Attend TEFAF Maastricht this Weekend
Investing in Diamonds: The Terms of Engagement
Diamond Investors Despite Financial Gloom
Diamond Circle Capital : " the market is thirsty for liquidity "
Diamond Circle Capital : Can commoditisation be good for diamond prices?
Diamonds For Art Lovers : Diamonds, like art, are a commodity that is gaining attention as an alternative investment.
Diamond industry likely to get smaller
Integrity of Diamonds Impacted by Trade Transparency in Africa, Penny Says
The Morality of Diamonds" The positioning of diamonds in the market is no longer just about the quality of the product.Consumers will increasingly measure the product against where it comes from, who manufactured it, and how. What does the product do for the economies where it is mined? This goes far beyond ethical practices – we are getting into areas of business morality, or, more precisely, the morality of our business." : Chaim Even-Zohar
Luxury Versus Commodity " the investment in marketing must be more sophisticated than that of other luxury items." : Motti Ganz, Chairman of the Israel Diamond Institute, speaking at the 3rd International Rough Diamond Conference earlier this year." 2008
Risky Business
***
Diamond Imports
~
Kiss Her With A Diamond
~
www.DiamondImports.com.au
~

Thursday, June 25, 2009

Kimberley Process Certification Scheme : The Farce Continues

Countries participating in the Kimberley Process Certification Scheme
Note there are no Arab countries participating except for Dubai
The KPCS falls under the management of the DMCC
Currently Venezuela is suspended
~
KPCS OPENS SECOND OFFICE
IN
DUBAI
~
~

The Kimberley Process Certification Scheme (KPCS) is expanding its operations in the UAE by opening a second office in Dubai. The new office will be in the Dubai Multi Commodities Centre's (DMCC) Almas Tower. The additional office will further support the current KPCS office, located at the Dubai Airport Freezone, in authenticating the ethical sourcing of rough diamonds traded via Dubai.

"Over the past six years since opening the first Kimberley Process office in Dubai, we have seen the rough diamond trade increase by 169 percent for exports and 200 percent for imports," says Maryam Al Hashemi, UAE's Director of the Kimberley Process. "The significant rise in trade opportunities has necessitated the opening of a second office at Almas Tower. This will also place us in a stronger position to cater to the growing needs of diamond members here in the UAE."

In 2003, the UAE became the first Arab country to introduce the KPCS.

The KPCS falls under the management of the DMCC. Source
~

Additional Reading :

. “The fact is that every single member of the diamond industry, consciously or not, benefited from the very stones that ruined Sierra Leone. That is the simple fact.” Mr. Edward Zwick, whose movie " Blood Diamond " sparked a multimillion-dollar counter-P.R. campaign from the diamond industry.

There is strong anecdotal evidence that al Qaeda bought gems in the Congo-Kinshasa and Angola as well as Sierra Leone and Liberia.

The Congo, with its host of different armies dividing up the country for the purpose of looting, coupled with a long history of a rapacious state and corruption, is long known to be a major financial center for Hezbollah and other armed groups.

Groups Put Kimberley Process on Notice - Plug the Leaks Now

Kimberley Process Failing Part 3
Kimberley Process Fails Part 2
Kimberley Process Failed
Zimbabwe Diamonds
Diamond Dealers : Pariahs of the Future ?
Kimberley Process Under Threat Politically Incorrect Part 1
Kimberley Process Threatened by Russia. Is it failing ?

The Morality of Diamonds

" Consumers will increasingly measure the product against where it comes from, who manufactured it, and how. What does the product do for the economies where it is mined? This goes far beyond ethical practices – we are getting into areas of business morality, or, more precisely, the morality of our business " : THURSDAY, JULY 3RD, 2008, CHAIM EVEN-ZOHAR

ILLICIT DIAMONDS FLOW

Kimberley Process Certification Scheme
From Wikipedia, the free encyclopedia

***
~
Kiss Her With A Diamond
~
~

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Wednesday, June 24, 2009

Rudd Speak


Kevin Rudd
the current Australian Prime Minister speaks Mandarin fluently


Queensland Factor: Kevin " 747 " Rudd

Diamonds & Socialism



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Australia's Diamond Production +9% in FY09


Australia’s diamond production grew 9 percent to 18.022 million carats in the current fiscal year ending June 30, 2009, the country’s Bureau of Statistics (ABARE) estimated Tuesday, while offering a bleaker outlook for the coming year.

ABARE said that it expects Australia’s diamond production to fall 30 percent to 12.6 million carats in the next fiscal year. Of Australia’s total diamond production, 92 percent by volume was exported. The value of these diamond exports dropped 24 percent to $399 million (AUD 506 million), mainly due to a reduction in average prices, which declined 24 percent to $24 (AUD 30.45) per carat during the year.

Exports by volume were flat at 16.618 million carats. ABARE estimated that the value of exports will decrease 25 percent to $298 million (AUD 378 million) in fiscal year 2009-10 due to the expected fall in production, and that prices will remain at around $24 a carat. The bulk of Australia’s diamond production comes from Rio Tinto’s Argyle mine, which produced 15.076 million carats in calendar year 2008.
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***
Diamond Imports
~
Kiss Her With A Diamond
~
www.DiamondImports.com.au
~
Daniel F Katz Graduate Gemologist ( GIA ) RFC ( Aust. )
Proudly NOT a member of the Jewellers Association of Australia

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Tuesday, June 23, 2009

Zimbabwe Mining Minister Banned

Obert Mpofu
a criminal barred from Britain
~
Britain has barred Zimbabwe's mines minister from attending an investment conference in London, state radio and British officials said Tuesday.British officials in Harare said Obert Mpofu was denied a visa to travel to the African mining meeting where he was scheduled to make a speech Tuesday.

Mpofu is among politicians and leaders of President Robert Mugabe's party targeted under travel restrictions imposed by Britain, the European Union and the United States.

State radio said leaders of Mugabe's ZANU-PF party accused Western governments of arrogance for barring party members from participating in a re-engagement campaign led by Prime Minister Morgan Tsvangirai, currently on a tour of Western capitals.

In London, Tsvangirai was scheduled to address the International Mining in Africa conference from which Mpofu was barred.

The conference is focusing on investment opportunities in Zimbabwe.Tsvangirai, a former opposition leader, has met leaders who have sharply criticized Mugabe.

Tuesday's radio report was not the first sign the Mugabe faction has been irritated by the attention Tsvangirai is receiving.After Tsvangirai met President Barack Obama earlier this month in Washington, Obama praised the premier for persevering in trying to lead Zimbabwe out of a "very dark and difficult period," and accused Mugabe of resisting democracy.

Zimbabwe's state-run Herald newspaper quoted Tourism Minister Walter Mzembi, a Mugabe appointee, as accusing Obama of being "overtly biased" and lacking "diplomatic courtesy.

"The Sunday Mail, the Herald's sister paper, later reported Zimbabwe's information ministry was investigating whether a newsletter published by Tsvangirai's office broke the law by reporting on the prime minister's Western tour before he first discussed it with Cabinet colleagues.

Tsvangirai was expected back in Harare later this week. Source

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Jewellers Must Change To Survive

Helpful Advice
from
Jewellery's Greatest Survivor
~
Is Everybody Happy ?

"I predict the next wave of jewelry retailers will be
designers and manufacturers" : Boyajian
~
" We're selling happy things to happy people "
~
Boyajian: Jewelers must change to survive
Las Vegas--The economic downturn, which has sent jewelry sales skidding downward for the last few quarters, will leave permanent marks on consumer behavior and the retail jewelry business going forward, an industry veteran told attendees of the JCK Las Vegas show.

"If you're going to continue to do retail the way you've always done retail, you're going to fail," said Bill Boyajian, industry consultant and former Gemological Institute of America president, speaking at a breakfast keynote session on Saturday.

"No one is going to emerge from this recession unchanged."

Boyajian said he often hears jewelers say they wish things would get back to "normal," but the reality is, they will have to adjust to a new normal.

Late last week, developers placed the project he himself had spearheaded--the 2 million-square-foot World Jewelry Center in Las Vegas--on ice because of economic conditions, serving as yet another example of how the recession has cut across the industry, hurting both mom-and-pop operations and large-scale projects alike.

On the retail level, the economy has only intensified industry consolidation: Over the last several years, 500 to 700 jewelers have gone out of business annually.

Last year, some 1,400 retailers closed their doors, and there are predictions that the figure will rise to 2,200 this year, Boyajian said.

Meanwhile, manufacturers are losing business because retailers aren't buying, and a growing number might turn to retailing themselves to stay afloat.

"I predict the next wave of jewelry retailers will be designers and manufacturers," Boyajian said.

Echoing a theme that emerged in numerous other seminars held during Jewelry Market Week in Las Vegas, Boyajian said retailers need to get a better handle on their stock through some type of inventory management system that will allow them to make smarter merchandise decisions and ramp up sales.

During the current economic downturn--and afterwards--jewelers should promote their custom and repair services, as well as the bridal category, deemed one of the most recession-resistant categories in tough times.

And although many more jewelers have created Web sites for their stores-- evidenced by Boyajian's informal polling of the audience--they also need to make sure their Web sites are up-to-date and reflective of the type of image they want for their stores, he said.

"The Internet has changed the way people think about purchasing," Boyajian said, pointing out that younger people, especially, go online to do research before they buy anything.Jewelers also need to provide leadership for their staffs and hold staff members up to higher standards. In a tough job market, there's "never been a better time to hold people accountable," he said.

Another way to distinguish your business is simply to keep a positive attitude.

"The number one hindrance to growth is a self-limiting mindset," Boyajian said.

"Never limit what you can be personally. You need a unique angle to succeed today. Differentiate yourself and your business."

He also suggests taking advantage of this slower business period to do some networking at the local Rotary Club or Kiwanis Club.

Above all, the one thing that jewelers need to remember is that their product differs from other retail categories because it is often a symbol of celebration, and love.

"We're selling happy things to happy people," he said.
***
Happy Billy Boy
~
The man who put the word
BORAT
back into
laBORATory
~
Borat is happy too
~
"Many in our industry are also speculating that the there are thousands of stones whose [ GIA ] grades are suspect." : Thomas Moses Senior Vice President GIA Lab & Research addressing the World Federation of Diamond Bourses in Mumbai, India 13th November 2005
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~
GIA is a tax free educational organisation that generates hundreds of millions of dollars annually that gave their former president Bill Boyajian a golden handshake amounting to USD$750,000.
*
William ( Billy-Boy ) Boyajian was the former GIA President who presided over GIA during the GIA Bribery Scandal coined as "Certifigate", the worst period of systematic corruption and graft in GIA's history supported by millions of dollars " donated " by generous diamantaires.
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" I am as committed to my family and my church as I am to GIA." : Bill Boyajian Carlsbad Chamber of Commerce 1st June 2005
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King William ( Billy-Boy ) Boyajian former GIA President presided over GIA during the GIA Bribery Scandal coined as "Certifigate",the worst period of systematic corruption and graft in GIA's history supported by millions of dollars " donated " by generous diamantaires.

"I predict the next wave of jewelry retailers will be designers and manufacturers," Boyajian said.
*
Predictions are Bill Boy's speciality. It is ironic that under Boyajian's reign predictions of GIA diamond grading reports did not go unnoticed either for the right price during the GIA bribery scandal coined " Certifigate ".
*
The above story by Teresa Novellino is the constructive and helpful rhetoric we in the jewellery industry have all become accustomed to but let us not forget the past as a dire warning to those of us who make a living from the confidence of the diamond jewellery consumer.
The unanswered questions will always leave a dark cloud over GIA which many of us will now always regard with justified suspicion.
Daniel F Katz GG (GIA) RFC (Aust.)
*
" What about all the people who were defrauded? Who will compensate them ? " : Chaim Even-Zohar.
*
Bill Boyajian, Managing Director (310) 691.9562 bboyajian@worldjewelrycenter.com

For those of you who wish to remind Billy-Boy that there are still many unanswered questions since his departure from GIA, I am sure he would be always delighted to hear from you providing his genuine commitment to GIA, his family and his church are still of any concern. Amen
*
***
~
Kiss Her With A Diamond
~
~

Monday, June 22, 2009

NEW ARRIVALS

AS ADVERTISED
*
ALL OUR DIAMONDS ARE IN STOCK !
~
Diamond Imports is one of Australia's largest importers of loose diamonds specialising in excellent and ideal cut diamonds, certified diamonds, wholesale diamonds, engagement rings & wedding rings.

Learn about diamonds, search for certified loose diamonds, view diamond certificates, buy directly from an Australian diamond merchant at wholesale diamond prices.
~
Diamond investments are being viewed as increasingly attractive as a result of recent trends that suggest a diminishing global supply in high quality grades.
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RBC 599 Round Brilliant 1.30ct D IF GIA#17788736 XXX Arrived
AUD$47,817.00 GST Inclusive
*
RBC 598 Round Brilliant 1.52 F SI1 GIA#2106257333 XXX Arrived
AUD$17,820.00 GST Inclusive SOLD 25th June 2009
*
RBC 601 Round Brilliant 0.75ct D IF GIA#2101247902 XXX Arrived
AUD$11,187.00 GST Inclusive
*
RBC 602 Round Brilliant 3.05ct F SI1 GIA#17169117 XXX Arrived
AUD$67,551.00 GST Inclusive
*
RBC 600 Round Brilliant 0.49ct F VS1 DCLA#165928 X VG X X Arrived
AUD$2,343.00 GST Inclusive
*
Prices may change without notification
*
All our Diamonds are in stock in Australia
- Overnight Delivery -
Buy Certified Diamonds in Australia at wholesale prices.

We are a 100% Australian owned and operated company based in Sydney Australia. For over 30 years Daniel Katz has been selling certified diamonds, jewellery, loose gemstones and designing beautiful custom made engagement rings and expertly handcrafted fine jewellery.

We guarantee expert advice & complete satisfaction when buying loose diamonds & engagement rings, we are Australian diamond wholesalers.

When buying diamonds & engagement rings from Diamond Imports you buy with confidence, at wholesale prices, you understand the diamond you are buying, you deal directly with the owner & you are buying from one of Australia's most respected and experienced Diamond Wholesalers.
*
*
Daniel F Katz Graduate Gemologist ( GIA ) RFC ( Aust. )
Proudly NOT a member of the Jewellers Association of Australia

***
Diamond Imports
~
Kiss Her With A Diamond
~
www.DiamondImports.com.au
~
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Diamond Propaganda Advertorials

Ever seen diamonds being promoted in a magazine as if the writer is your best buddy and is trying to advise you to make the right decision by directing you to a brand name supplier ?


I wonder how gullible the consumer really is ?

Okay...they gloss over the standard dribble like the 4c's, what diamond shapes are available and which celebrities are wearing them but so what ? Are people so shallow ? It seems they must be or why would brand name diamond retailers saturate us all with their charm and charisma.They must really care.

After a while it becomes boring because it's part of the advertising contract to promote diamonds in such a way that it would appear the writer really cares about your welfare.
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They usually are accompanied by crappy websites reinforcing the propaganda you have already read, rarely stocking the advertised diamonds backed up by bogus listings for virtual diamonds the vendors have never seen or touched.

Never mind the misrepresentations or hyperbole. The more the better and hopefully you the potential diamond consumer will be steered in the direction of the advertiser.

Do the writers or the sellers really understand diamonds ? Rarely. They might as well be selling breakfast cereal or spare parts for your artificial leg, the one you might need after you have blown your cash on an ordinary commercial diamond exaggerated as being the gem of your dreams.

***
Diamond Imports
~
Kiss Her With A Diamond

~
Excellent Cut Diamonds

No blind drop shipping

No computer guy turned " Diamond Expert

"No claims of “diamonds below wholesale”

Top quality loose diamonds and jewellery

Comprehensive detailed diamond reports and information

Personalized attention & commitment to customer satisfaction

Australia's No.1 Diamond Dealer

Genuine Diamond Specialists
~

ALL OUR DIAMONDS ARE IN STOCK
~
Overnight Delivery in Australia
~
YOU WILL NOT SEE OUR DIAMONDS
ADVERTISED ON ANY OTHER WEBSITE

Daniel F Katz Graduate Gemologist ( GIA ) RFC ( Aust. )
Proudly NOT a member of the Jewellers Association of Australia

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Sunday, June 21, 2009

How to tell if a diamond vendor is full of bull !

" There is, and has been since 1975, an international diamond grading standard recognised by the majority of the diamond industry worldwide. The World Federation of Diamond Bourses (WFDB), through its affiliated Bourses, and the International Diamond Manufacturers Association (IDMA) together represent by far the majority of diamond industry participants worldwide. " Source: Roy Cohen Co Director / Senior Diamond Grader Diamond Certification Laboratory of Australia
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" An industry code of silence and lack of standards
exposes customers to potential ripoffs "
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The main issues regarding non compliant diamond grading laboratories are :

1) Genuine independence because they are traders pretending to be graders.
2) Lack of disclosure.
3) Professional incompetence.
4) Unconfirmed credentials and inexperience.
5) Inadequate laboratory standard diamond testing equipment.
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" As a diamond dealer or retail jeweller you are deemed to have the professional knowledge to be able to tell if a diamond has been over graded.

If you do not have this knowledge then you are strongly urged to deal with professional and reputable suppliers.

A jeweller using a certificate or any document or making any statement – written or verbal – to promote or sell a product must tell the truth.

It’s as simple as that! " : Ian Hadassin, CEO Jewellers Association of Australia
~
My Rules
&
The Diamond Traders' Facts of Life
or
What other diamond vendors think but never tell you
~

1) Is the diamond advertised actually in stock for viewing ? If the answer is yes ask which diamond grading report and it's number ? Is it COLD laser inscribed for your protection ? Confirm that same diamond will be in stock for viewing at appointment / consultation .

2) Does the diamond vendor know how to ascertain the difference between diamonds' cut grades in simple to understand terms that make sense ?

You need to understand the diamond and how it's documented proportions relate to it's light return, optical symmetry, finish and forms of brilliance.

Also the position, size and colour of any identifying inclusions may be relevant.

Does the diamond specify a transparency grading ?

3) Can the diamond vendor explain the difference and importance between brand name diamond certificates ?

Is the diamond grading laboratory genuinely independent, recognised and accredited or is it a pseudo in-house diamond grading lab owned by the diamond vendor selling conflict of interest diamonds ?

Can the diamond vendor translate the specifications listed on the report in terms you can understand apart from just pointing out fluorescence.

If the vendor is simply reading from the certificate verbatim this is helpful if you are explained what it all means or if you are a dumkopf who can not read.

4) Does the diamond vendor have credentials or a trading record ? Is the vendor solvent ? Does the vendor have a criminal conviction ? Have there been any consumer complaints with the Dept of Fair Trading or any other consumer watchdog ? Does the jeweller rubbish other jewellers or sow the seeds of doubt in your mind about some diamonds? This can sometimes be a good thing if the vendor actually is unbias. ( hahahahah)

A good question to ask is if the diamond vendor knows what is the USA location headquarters of GIA ? Most would not have a clue or answer incorrectly. This will indicate to you that the diamond vendor is an amateur and generally speaking would not know his head from his arse.

If the diamond vendor has a reputation or no expertise why are you even bothering ?

Would you go to a plumber for brain surgery ?

Professionals do not rubbish other professionals.They just rubbish overpriced arrogant retail jewellers or drop shippers who pretend they are diamond experts.

Is it any wonder the buying public have sheer contempt for most retail jewellers who overcharge and misrepresent the diamonds they are selling usually embellishing the diamond's pedigree with inane stories that are irrelevant ?

These jewellers are like live fodder for consumer watchdog TV crews who need to fill ten minutes on an evening current affairs program in order to keep us all entertained despite the immense damage it already does to the fragile reputation of the jewellery industry with no thanks to the toothless tiger trade organisations like the useless Jewellers Association of Australia that rarely disciplines it's members for a breach of their own code of ethics.

5) Does the diamond vendor have at least four to five loose diamonds for you perusal in order to make an intelligent comparison ? If not why then are you wasting your time ? Buying diamonds set in rings under halogen lighting while being served by a salesperson who usually knows Jack Schitt is to be avoided at all costs. However examining the ring for it's design features and wasting the jewellery store's time is useful before you decide to purchase your beautiful chosen diamond from Diamond Imports, Australia's leading diamond wholesaler.

6) Is the diamond consultation free of charge ? If it is free leave immediately. You are NOT dealing with a professional. Time is money and professional diamond vendors do not have time for mere browsers or tyre kickers. That's what retail jewellery shops are for, G-d bless them.

It is more beneficial if you do your research prior to a consultation. We charge $66 per hour ( minimum 2 hours ) which will arm you what pitfalls to look out for when purchasing a diamond.The fee is waived if you decide to purchase a selected diamond at THAT appointment.

If you telephone me for a price because you are too bone lazy to check out our website for both prices and the education section please be prepared for some serious male PMT. If I happen to be impatient or maybe even rude , it's because you are too bone thick to qualify as a client, your are interrupting me while serving a serious buyer or while I am in the middle of a World Chess Network online chess tournament playing an opponent with an unpronounceable name from Bulgaria. Go elsewhere instead. Otherwise register to our website here , do a diamond search, email yourself a wish list and good hunting.

However if you have a specific enquiry please contact me, I will adjourn the chess game and discuss your requirements.

A good time to ring is after hours when I am more relaxed. It can be rather exhausting deciding who to throw out of our office during daily trading hours and by that time I need to chill out with a cold beer and /or a single malt chaser.Ringing after midnight is permissible because I am an insomniac and have no life except the diamonds that keep me company or the numerous related offspring that I am required to feed and bleed me to death for pocket money when they need to see or speak with me while Mrs Diamond Guru of 25 years sleeps peacefully with a viscous jealous Jack Russell bitch guarding her from me.Such is wedded bliss and you thought that people marry for love ? Just you wait and make sure your darling can cook otherwise you might end up eating take away for the rest of your life or pass away quietly in an a la carte coffin with the epitaph " I told you I had indigestion (((burp))) " .

If you are a female enquiring about a diamond for your engagement ring then why isn't lover boy doing this ? Unless you intend to propose to him first and you are buying your own engagement ring ? No I do not think you are delusional. I will take you money and wish you good luck. Just don't think you can come and browse during your lunch hour which is also my lunch hour. Go elsewhere instead.

If you are female and you wish to make an appointment and bring your mother with you then do NOT come. You are not marrying your mother.It's pathetic, you are very insecure and not ready for marriage. Go elsewhere instead.

Unless lover boy is going to surprise you and do the romantic thingo then both of you should attend the appointment, NOT you mother ! After all this will probably be, unknown to lover boy,the last decision he ever makes again until he realises the best thing about babies is making them.

If you are a guy who wants to bring his mother to the diamond consultation, the same applies. Do NOT come. You are worse than a baby, not a man yet and you are not marrying your mother you sick bastard ! Go elsewhere instead.

If you are a guy who wants to bring his father to the diamond consultation this is good. He may probably assist you to buy the diamond and better still buy one for your mother too or his mistress because he will suddenly realise what a tight arse he has been all these years and it's embarrassing if your future bride's diamond out shines your mother's microscopic five point illusion set engagement ring which is so tiny it looks like an ingrown hair on her finger at the wedding.

If you are an attractive female gold digging piece of eye candy and opportunist wanting to get hitched up with a really rich guy despite him having a face like a twisted sand shoe please remember we buy our diamonds back at market value. You can do this several times if you want. Career women most welcome. Life can be cruel but fair.

I do not pretend to be pleasant just because you wish to patronise us.I give correct proper professional advice and have reached an age where I have become intolerant of idiots who have no capacity in how to conduct themselves in a proper manner that I am comfortable with because they do not trust their own judgments without doing their own research prior.

There is no shortage of diamond vendors out there who want to sell you a diamond happily.

I prefer to sell my diamonds to someone who understands and appreciates the diamonds we sell.

If I feel you are a time wasting idiot then I will not sell you a diamond. You will be told to go elsewhere.

If I do not like you I will not sell you a diamond. Once again you will be told to go elsewhere.

My diamonds are exclusive and deserve a good home only for those who understand why they have chosen a selected diamond, not one that has been forced down your throat by a desperate vendor who has the diamond on consignment waving a diamond grading report around and hiding behind it as a marketing tool telling you fairy tales about what you want to hear because Trader Joe really really does like you and takes Visa or Mastercard for his convenience.

I firmly believe no one has the range, the quality or the knowledge Diamond Imports offer. If you are not a believer go elsewhere and good luck. In the meantime we will still have the diamond and you will not. Quite possibly there are more amicable diamond vendors than us. Go there instead. They will be more than delighted to serve you.

Is this arrogant of me ? Yes it is. My money. My diamonds. My choice.

They are my diamonds, special, not ordinary like the crap I have seen many of my competitors sell with their dodgy diamond certificates on their equally very mediocre websites and I will sell my diamonds only to those I feel deserve them. Otherwise go elsewhere.

7) Does the diamond vendor claim he is a wholesaler or importer of diamonds ? If so why is the diamond you are seeking not in stock ? More importantly if the diamond vendor does not have the confidence to spend the money on stocking a diamond how then are you the diamond buyer supposed have the confidence in buying a virtual diamond?

8) Can the diamond vendor explain to you the pricing factors that determine the value of a diamond other than the usual 4c's ?

If the diamond is portrayed to you as a bargain ask yourself why has it not sold yet ?

Bargain priced diamonds are rarely available and are snatched up by diamond dealers quicker that you can imagine. No diamond dealer is waiting for a mug punter to put their money down because diamond dealers also inter trade amongst themselves on an international level. A profit is a profit even if it is a small one.
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Diamond Imports 8 out of 8 can do all of the above

~~~

I REJECT THESE

Click on below link for additional insights.

Diamond Imports in Australia do NOT endorse the following diamond grading reports:

a) In-House MGR's ( manufacturer's grading report - a complete wank and cop out. MGR's offers no consumer protection and are purely an opinion ) or preliminary trade reports.

b) ADGL ( Australian Diamond Grading Laboratory, Brisbane )

Mr. Muller of ADGL certified a coated diamond. It is deceptive.It is unethical.Muller should be expelled from the JAA. Instead the JAA pussy foot around making excuses for Muller and ADGL.

" We're keen to make ADGL as independent and honest as possible " : Mike Muller ADGL

c) BGL ( Bauer Gemmological Laboratories , Melbourne )

" Ronnie Bauer, Klepner's owner, has over thirty years experience and expertise in fine, antique and vintage jewellery. He is known as a jeweller's jeweller. Other jewellers frequently come to him to authenticate and value an item " as stated on Klepner's website under the valuation heading.
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A jeweller's jeweller ?

How can a jeweller's jeweller be regarded as even remotely independent or impartial when valuing an item of jewellery let alone certify diamonds ?

If ever there was the slightest indication of possible collusion by having special relationships between jewellers influencing a valuation or a diamond grade, Mr Bauer in his own words admits to this; a man who endorses his own " lab " via his retail outlet and hot laser inscribes diamonds.

" How does one differentiate the learned Ronnie Bauer between a group of pawnbrokers moonlighting as diamond graders....? " : Nikhil Jogia of Jogia Diamonds

d) GSL ( Gem Studies Laboratory, Sydney, )

e) Auscert Melbourne

" Simply, we are not a CIBJO approved Laboratory, thus we can do whatever we want. We are not answerable or legally bound to any of their codes of ethics or rulings from the blue book" : Anthony Bates owner of the retail jewellery store called TishƩ is an Auscert member.

The owner, Mr Bates is the same person who grades and certifies the diamond he is selling

9th May 2008 Anthony Bates of Auscert , Melbourne whose continued refusal to provide professional credentials wrote :

" Most of the Jewellers who receive resistance from a client re an Auscert diamond will just sell them something else "

" ...if we weren't prepared to do anything about it, then it must hold some truth. "

f) EGL ( EGL Israel is a shocker)

g) IGI ( Mumbai & Dubai )

h) World Gem Lab

i) Jogia Diamonds International Perth Western Australia

Pseudo Diamond Grading " Laboratory " Diamond Dealer

"...I am confused. What is a "compliant " lab? " : Nikhil Jogia qualifications unknown. Often comments in his own blog because nobody else does.

Note Bene : All the above are not members of my fan club.

~~~

I ACCEPT THESE

Click on below link for additional insights.

Diamond Imports endorse :

a) Diamond Certification Laboratory of Australia ( DCLA ) one of only 5 International Diamond Council ( IDC ) diamond grading laboratories worldwide 100% accurate gradings guaranteed.

b) Gemological Institute of America ( GIA ) introduced the BORAT into laboratory

GIA a top class educational and gemmological research centre but tainted by it's Gem Trade Laboratory , GIA " The Internet Certificate " pending re verification due to:

* previous bribery scandals,

* inaccurate gradings,

* ridiculous 60% to 65% table percentages on round brilliant diamonds with Excellent cut grades normally 55% to 58%

* ambiguous additional H & A Laser inscriptions,

* forged GIA diamond grading reports and

* all GIA diamond grading reports are NOT guaranteed.

So why do we endorse GIA ?

The two most important requisites for a recognised diamond grading laboratory are laboratory standard equipment testing for natural versus synthetic diamonds and treated diamonds. GIA passes in this respect only. After all it's the very least they can do to inspire some public confidence.

In addition GIA's colour grading and clarity grading in some cases has proved to be inconsistent for a lab once considered never to be questioned in the past until the last six years. It's hit and miss but allow for latitude normally by one colour or clarity grade or on some rare occasions as much as two colour grades. Verify prior to purchase

There is no excuse for not naming the GIA bribers ! but the world market acceptance can simply not be ignored after 70 years.

c) HRD Antwerp ( High Diamond Council ) IDC grading laboratory

d) American Gem Society ( AGS ) pending re verification

e) International Gemological Institute ( IGI ) Antwerp

f) Swiss Gemmological Institute ( SSEF ) Switzerland

***

" As a diamond dealer or retail jeweller you are deemed to have the professional knowledge to be able to tell if a diamond has been over graded.
If you do not have this knowledge then you are strongly urged to deal with professional and reputable suppliers.
A jeweller using a certificate or any document or making any statement – written or verbal – to promote or sell a product must tell the truth.
It’s as simple as that! "
: Ian Hadassin, CEO Jewellers Association of Australia

Additional Reading :

Diamond Grading Ownership & Ethics

Australian Diamond Jewellers Require Accreditation

Undercutting Diamond Prices & Diamond Scams

Bait & Switch Diamond Scams

TRADE ALERT : Inaccurate Treated Pink Diamond Identification

Bluff Diamonds

BEWARE Bogus Diamond Website Listings

Drop Shipping & Diamonds

How diamonds are sold - Your options for purchasing

Pricing & The Brain

Why Jewellery Stores Dislike Knowledgeable Customers

Investing in Diamonds: The Terms of Engagement

BEWARE Bogus Diamond Website Listings

GIA GTL's Colour Grading Of Fluorescent Diamonds

What Diamond Vendors Do Not Want You To Know

Diamonds: Undercutting Prices & Deceptive Websites

Carat to Millimetres ?

Bluff Diamonds

Read more about clarity gradings here

Diamond "SI" Clarity Grades

Clarity Grading Price FactorRead more here about fluorescence here

GIA GTL's Colour Grading Of Fluorescent Diamonds

Click here for Carat to Millimetre Estimator

Diamond Carat - Learn About Diamond Carat Weight

Pick the Problem in Melbourne

Clarity Grading Price Factor

Fancy Shape Diamond Versus Round Brilliant Diamond

Comparing Internet Diamonds: Apple Versus Apples

Diamond Price Factors :The Six C's and the Two T's

***

Diamond Imports

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Kiss Her With A Diamond
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Excellent Cut Diamonds
No blind drop shipping
No computer guy turned " Diamond Expert "
No claims of “diamonds below wholesale”
Top quality loose diamonds and jewellery
Comprehensive detailed diamond reports and information
Personalized attention & commitment to customer satisfaction
Australia's No.1 Diamond Dealer
Genuine Diamond Specialists
~
ALL OUR DIAMONDS ARE IN STOCK
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Overnight Delivery in Australia
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YOU WILL NOT SEE OUR DIAMONDS
ADVERTISED ON ANY OTHER WEBSITE

Daniel F Katz Graduate Gemologist ( GIA ) RFC ( Aust. )

Proudly NOT a member of the Jewellers Association of Australia


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Bulgari Celebrates 125 Years with an Exhibition



Entitled, BULGARI “Between eternity and history” 1884-2009, tells the story of the Italian jeweler in the past 125 years by touching on the most significant phases in the history and evolution of Bulgari design, from the opening of the first store on Via Sistina in 1884 to the present day.


BULGARI “Between eternity and history” 1884-2009

Exposition Palace

ROME, ITALY

Dates: May 22 – Sep 13, 2009

Open to the public

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Developing A Soft Spot For Each Other ?

Developing A Soft Spot For Each Other ?
~
Kiss Her With A Diamond
~

Daniel F Katz Graduate Gemologist ( GIA ) RFC ( Aust. )

Proudly NOT a member of the Jewellers Association of Australia

" An industry code of silence and lack of standards

exposes customers to potential ripoffs "


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Diamonds Multi-Level Marketing : Unrealistic Returns

SCAM ALERT
~
As a form of direct marketing, Multi-Level Marketing has been long confused with the illegal pyramid selling schemes.
The difference might be that MLM salespeople are paid based on the product sales of their downlines, while pyramid salespeople are paid through recruitment of their downlines, which in essence is to enroll more people as victims although there’s still a grey zone between the two.
Daniel F Katz Graduate Gemologist ( GIA ) RFC ( Aust. )
Proudly NOT a member of the Jewellers Association of Australia
*
~~~~~~~~~~~
New multi-level scheme out to dazzle buyers
By Kate Lim

THE controversial sales system of multi-level marketing (MLM) has come up with what it hopes is a gem of an idea - flogging diamond jewellery through franchisees.

Mr Fred Ho, who heads the upscale Jewels Defred store at Grand Hyatt Singapore, has linked with MLM company LFI (Singapore) and Hong Kong businessman Ho Wing Kong to sell diamond jewellery.

'Just Diamonds by DeFRED' involves Jewels Defred's Mr Ho bringing his collection to consumers here exclusively via franchise associates, who promote the collection to personal contacts.
Hinging on what he terms 'robustness of the diamond market', Mr Ho, who has more than 20 years of experience in the jewellery industry, believes in the collaboration's potential to grow his business.

'Branching out with the Just Diamonds brand is a natural extension of Defred's core jewellery business to garner a higher market share,' he said.

Individuals who buy $10,700 worth of diamond jewellery - deemed a 'package' - become franchise associates.

They can then enrol additional friends into the business as new franchise associates and earn 20 per cent of what these referrals spend at Just Diamonds.

So a franchise associate who convinces a friend to become a franchisee will receive more than $2,000 in commission.

More than 500 franchise associates have signed up since the collection's April launch.

Franchise associates also receive sales training and get access to the Just Diamonds showroom at LFI's head office in Geylang. Customers can only visit the showroom by appointment and when accompanied by a franchise associate.

MLM is a controversial process, due to its reputation for hard-sell tactics and unrealistic claims for returns for sellers.

But LFI, which is mainly known for marketing health-care products, says the link with Mr Ho will improve the reputation of MLM, or network marketing as it is also known.

'The main reason for the expansion of our product range into the luxury sector is in line with our strategy to position ourselves as a premier network marketing company regionally,' said Just Diamonds co-founder and LFI managing director Eldee Tang.

'By aligning ourselves with reputable business partners...LFI hopes to win over the public to give the much-maligned network marketing industry a second look.'

About 25 per cent of the franchise associates are undergraduate students, a demographic usually not associated with MLM. The rest are homemakers and 'blue- and white-collar workers', said Ms Eleen Tang, LFI's branding and communications manager.

The Straits Times uncovered a number of young Internet-savvy people hawking the venture on their personal blogs and advertising portals.

'I believe the business is worth the investment of my time and effort,' said an undergraduate student who declined to be named and who has yet to introduce new franchise associates to Just Diamonds.

Another undergraduate, who is helping her franchise associate friend spread word of the business online, sees the jewellery as a 'good deal', adding that the quality is comparable to high-end retailers.

A check with the flagship Jewels Defred store at the Grand Hyatt Hotel found that its range of jewellery is markedly different from that offered by Just Diamonds.

Jewellery from Jewels Defred is more elaborate while the Just Diamonds collection is better suited for everyday wear, according to Ms Tang. All items at Just Diamonds retail for less than $20,000.

Pieces from Jewels Defred cost anywhere between $8,000 and upwards of $1 million, according to a spokesman.

The new MLM venture has had a mixed response from competitors.

Taka Jewellery and Lee Hwa Jewellery said that Just Diamonds will find that consumers will only buy when an item is perceived to be value for money.

'It's all about rolling out the right products at the right price,' said Mr Kean Ng, assistant business director of Aspial-Lee Hwa Jewellery.

Mr Ng noted that there was a risk that diamonds could be commodified when sold outside conventional business models and may attract a different market segment to the one that the luxury sector is used to.

'Luxury items are a means of self-expression,' he said. 'Therefore, building brand equity is key as customers will still prefer to be associated with more exclusive brands rather than new entrants.'

This article was first published in The Straits Times.

***

" Never give a sucker an even break " : WC Fields

***

" An industry code of silence and lack of standards
exposes customers to potential ripoffs "

Do NOT take the risk !

Buy at

Diamond Imports

Excellent Cut Diamonds

No blind drop shipping

No computer guy turned " Diamond Expert "

No claims of “diamonds below wholesale”

Top quality loose diamonds and jewellery

Comprehensive detailed diamond reports and information

Personalized attention & commitment to customer satisfaction

Australia's No.1 Diamond Dealer

Genuine Diamond Specialists

ALL OUR DIAMONDS ARE IN STOCK

Overnight Delivery in Australia


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Diamond Competitors : China -v- India

India diamond trade faces challenge from China
~

BEIJING/SURAT: And you thought Surat’s diamond units in India will always rule the diamond polishing world.

Now, Surat and other diamond polishing units in India have stiff competition from a new corner now — that is from China.

Even though China has no traditional knowledge in diamond business unlike India, the Communist nation has emerged as a formidable power in the trade now.

China is now the world’s largest diamond processing centre after India.

According to Chinese government statistics, the country’s diamond processing trade averaged 3 million carats a year between 2003 and 2007.

There are now over 80 diamond processing trade enterprises in the country, employing close to 30,000 workers.

A recent KPMG report predicted that by 2015, China’s share of the global processing business would be 21.3 per cent to India’s 49 per cent (India currently accounts for 57 per cent). China, however, remains more expensive than India.

Estimates put the cost of processing one carat in China at $17 compared to $10 dollars in India.

But, Chinese labour is considered more skilled and disciplined than its Indian counterpart, with higher productivity off-setting the cost differential.

The diamond trade in China received a major boost in 2006 when the government scrapped VAT on imported roughs and reduced taxes on polished diamonds from 17 to 4 per cent.

In the latter half of 2006, China’s refined diamond imports jumped 194 per cent year on year, to $147 million.

Meanwhile, as part of an effort to diversify their market reach and in an effort to minimise the effects of the global economic crisis, many Indian companies have begun looking east towards China for their future, including jewellery and diamond companies.

One of the firms looking to expand to China is Indian fine jewellery retail giant Gitanjali, which is planning to double its retail outlets in China from the current 45 to more than 100 in the next three years. Source

Edahn Golan comments :

With high quality makes, competitive labor costs, and a booming local market, China is starting to cause some concern in the Indian market. India suffered from mass factory closures and a loss of an estimated 400,000 employees in the process from the recent economic downturn.

More and more Israeli, European and even Indian diamond companies are opening plants in the country, which has built a reputation as an industrial power house in almost any area it decides to focus on.

Two elements seem to work at this point in India's favor – cost of labor and tradition.

Polishing a one carat diamond costs in China about 70 percent more than in India – where it costs about $10. This gives India a lead in lower cost goods, where the cost of manufacturing represents a larger component of the total cost of the diamond. Conversely, this lead dissipates with higher cost diamonds.

Tradition is the second advantage, providing India with many years of invaluable experience, which it continually builds upon. China entered diamond polishing in the 80s, lacks the inherent years of experience, but is importing know-how, and trying to set high standards in the quality of polishing, referred to in the diamond industry as the 'make.'
~~~
The Rival Giants : Chindia
" Commos & Demos "


Additional Reading :








Zimbabwe: Robert Mugabe 'buys £4m apartment in Hong Kong' Grace Mugabe is also mulling over a multi-million pound diamond venture on the Chinese mainland, sending diamonds to be cut in Qingdao





Inflation & Weakened US Dollar Affects Diamond Prices Chinese Inflation Affects Diamond Prices



***
~
Kiss Her With A Diamond
~
Daniel F Katz Graduate Gemologist ( GIA ) RFC ( Aust. )
Proudly NOT a member of the Jewellers Association of Australia

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Saturday, June 20, 2009

Diamond Workers Shortage


By Chirag Pandya
Surat, Desh Gujarat, 20 June, 2009
~
It is very much likely that the diamond industry in Surat will come back to its original pace of activities within next two or three months according to market sources. However not slow-down but shortage of diamond workers is the latest problem here, and it seems this problem will last longer than the problem of international economic slow-down.

A year ago, before slow-down, Surat had 4200 small and medium scale diamond units in which 2.5 lakh workers were employed. However, international slow-down impact was felt in the city’s diamond industry in September-October last year due to lack of international demand of diamonds. This resulted in closure of most of the diamond units. In the beginning of the year 2009, around 1.5 lakh Diamond workers of Surat migrated to other employment options such as textile, embroidery and farming.

Though slow-down is still alive, international market for diamond is improving nowadays and it is possible that the market will come to its original status within next two months or so. In Surat, 3400 to 3500 units out of 4200 have started working again. However, the problem these days is about shortage of workers, because of which production is 60 to 65 less than what it should be.

According to market sources, workers are hesitant to return to diamond market due to their bitter experience during the worst period of slow-down. Diamond workers don’t want to gamble their lives again. In fact recently there was a Gujarati film in theaters “Have maare hiraa nathi ghasvaa”(Now I don’t want to work as a diamond worker) reflecting the mood of diamond workers in the state.

The fact of Surat’s diamond industry is that there are no labor laws implied, no job security, no provident fund for workers. Nothing is regulated or organized. Diamond unit managements themselves feel that they would have to be professional in behavior and practice to ensure presence of committed workforce again.

“Diamond workers wanted” are the words that street-side painters of Surat have painted most on the sign-boards in last some weeks. Most of the diamond units have such sign boards hanging outside, but there are fewer takers than expected.

***
Diamond Imports
~
Kiss Her With A Diamond
~
www.DiamondImports.com.au
~

Daniel F Katz Graduate Gemologist ( GIA ) RFC ( Aust. )
Proudly NOT a member of the Jewellers Association of Australia


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Excellent Cut Diamond

For Sale
AUD$153,472.00 GST Inclusive
Price may change without notification
~

Diamond Imports

Excellent Cut Diamonds

No blind drop shipping

No computer guy turned " Diamond Expert "

No claims of “diamonds below wholesale”

Top quality loose diamonds and jewellery

Comprehensive detailed diamond reports and information

Personalized attention & commitment to customer satisfaction

Australia's No.1 Diamond Dealer

Genuine Diamond Specialists

ALL OUR DIAMONDS ARE IN STOCK

Overnight Delivery in Australia

Daniel F Katz Graduate Gemologist ( GIA ) RFC ( Aust. )

Proudly NOT a member of the Jewellers Association of Australia


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IDI Hosts Diamond Town Hall Meeting With Gareth Penny and Varda Shine of De Beers

Diamond Rough Price Will Not Go Down
~
Ramat Gan Israel
~
De Beers MD Praises the Leadership
of
The Israel Diamond Industry
~
" We no longer play a custodian rule " : Penny
~
RAMAT GAN, Israel, June 18
~
Moti Ganz

Moti Ganz, Chairman of the Israel Diamond Institute Group of Companies (IDI) today hosted Israel's first ever Diamond Town Hall Meeting with Gareth Penny, Managing Director of the De Beers Group and Varda Shine, Managing Director of the Diamond Trading Company (DTC). The meeting was attended by hundreds of Israeli diamantaires, who came to ask questions and exchange views with the leading management of the world's leading rough diamond supplier.

Opening the meeting, Moti Ganz said that he welcomed the opportunity to hold this open discussion between the Israeli Diamond Industry and the management of De Beers. "This meeting is an additional step in IDI's broad-based efforts to support and promote the Israeli Diamond Industry during this difficult time. The event testifies to the importance and vitality of Israel as a world-class diamond center. There is no doubt that this meeting offers an important opportunity to raise issues and to receive answers to the questions regarding pertinent issues facing the industry at this time," he said.

Gareth Penny

The Town Hall meeting, based on the traditional model of informal public meetings, was moderated by industry expert Chaim Even-Zohar. Varda Shine delivered opening remarks, preceding a presentation by Gareth Penny, and a question and answer session.

Varda Shine

Shine said that the only certainty in today's economy is that the situation is constantly changing. However, she noted, "This is an industry that is highly adaptive and adept at finding new ways to succeed. Innovation is part of the DNA of our industry."

In his presentation Gareth Penny characterized the economic situation and its impact on the diamond industry as follows: "These are extraordinary times, which require extraordinary action, for an extraordinary product." He said that over the past 120 years the diamond industry has proven its resilience, and he noted that after every recession the diamond industry has experienced an immediate resurgence. Penny said that we are now seeing early signs of recovery, noting that there is an increased demand for rough. However, he said, the crisis was not yet over.

In terms of the extraordinary action required Penny said that it was important to show confident leadership. He praised highly the leadership shown by the Israeli Diamond Industry, especially the strategic marketing campaign "Together Works" initiated by IDI.

In speaking about the diamond as an extraordinary product, Penny noted that the fundamentals of the industry were exceptionally strong. He said that the diamond is a unique treasure of nature, which is at least one billion years old. It is becoming rarer since no major new sources of supply have been found. Although some consumers are postponing purchase of diamonds, he noted that research shows that the long term demand for diamonds is actually as strong as ever.

During the question and answer period, Penny was asked about DTC rough supply for non-sightholders, Penny confirmed that De Beers is still committed to supporting non-sightholders through Diamdel, part of the De Beers Group.

In response to a question about when the market would recover, Penny said that he believed that this Christmas will be ahead of last year, but that it may take until the following Christmas to reach former levels.

Penny concluded the meeting by congratulating the Israeli diamond center for its efforts. "The Israeli industry has shown outstanding leadership. Your innovation and flexibility is the highest in the world. There is no doubt that you will come through this crisis stronger than ever," he said.

Contact: Sharon Gefen
Tel: +972-3-5442999; +972-54-4494494,
E-mail:
Sharon@gefenltd.com.
SOURCE Israel Diamond Institute
~~~

While addressing an estimated 500 Israeli diamantaires during the second of three Diamond Town Hall Meetings, De Beers Managing Director Gareth Penny and Diamond Trading Company (DTC) Managing Director Varda Shine repeatedly commended the Israeli diamond industry for its innovation and flexibility, the levels of which "have not been seen anywhere else in the world."

Echoing the first Diamond Town Hall Meeting in Antwerp almost three weeks ago, today's Diamond Town Hall Meeting, hosted by Israel Diamond Institute Chairman Moti Ganz and moderated by trade journalist and analyst Chaim Even-Zohar, provided Israeli diamantaires a forum to openly discuss their industry-related questions and concerns with De Beers during a question-and-answer period.
*
Chaim Even-Zohar
Moderator
seen here holding the 478 carat rough diamond " Light of Letseng "
The rough diamond is the 20th largest rough diamond ever recovered.
It is confirmed as internally flawless
~
Gareth Penny's presentation, which preceded the open dialogue, focused on the "extraordinary times" the industry has been facing since the beginning of the economic downturn began nine months ago and briefly summarized the "extraordinary actions" required from all players in all levels of the pipeline.

Penny voiced confidence about seeing improvements in U.S. consumer confidence, growing demand for rough, and a stabilization of polished prices. He also expressed optimism about how the industry is not necessarily in a bubble of rough prices and that it may, in fact, be "returning to a time when rough and polished prices were more aligned." Moreover, he foresees that rough prices won't go down and that Christmas 2009 will be better than last year, but that it may take until the holiday season of 2010 to get back to normal.

While Penny emphasized De Beers' leadership role in the industry during the economic crisis with regard to exploration, mining, sales and marketing and explained the producer's decision to reduce rough supplies, he also reminded the audience that "we are all in this together." At one point, when asked if De Beers could control other producers from dumping their supplies onto the market, he answered in the negative by saying "We no longer play a custodian role."

Among other issues raised during the meeting were issues of supply, marketing, beneficiation, synthetics and financing. When asked by a non-sightholder about how smaller manufacturers could get wider access to a wider variety of production usually reserved for sightholders, Penny emphasized that Diamdel still had an operating office in Israel and acknowledged that De Beers "needs to look at and think about in the months ahead" how best to satisfy those in the secondary markets as well as sightholders.

When asked what would happen if banks refused to continue financing diamond sights, Penny singled out the Israeli banks, which he specifically acknowledged as having "stood by players here," and continued to emphasize the importance of sustaining the understanding and support from banks. He also expressed that he doesn't believe banks would stop financing diamond sights.

Answering a question about how De Beers views diamonds as investments, Penny admitted that while De Beers has historically stayed away from diamond funds the company is now re-examining the issue since the world today is looking for asset-backed securities in an environment of limited liquidity.

With regard to Best Practice Principles, Penny stressed the importance of maintaining them no matter the economic climate. While hearing and noting the frustration of some Israeli players regarding supply, both Penny and Shine, at different times throughout the meeting, said that though De Beers doesn't have all the answers, it is constantly adapting as the industry adapts and wants to be part of the solution.

The next Diamond Town Hall Meeting is scheduled for July in Mumbai. Source : Tacy Ltd
~~~
Retail Recovery Envisaged
The diamond industry may be beginning to recover, according to De Beers executives who spoke at the Diamond Town Hall Meeting at the Antwerp World Diamond Centre earlier this month.

Gareth Penny, De Beers managing director, said “diamond inventories have fallen to levels which have justified increasing the mining production of the De Beers mines after it had been reduced by some 90 percent in the first quarter of the year.” He also said “The demand for De Beers rough diamonds is picking up,” and that “De Beers production is increasing to keep pace with demand. Retail sales have also shown an improvement.”

He noted that in the period from 1970 to 2009 there were four major recessions in the US, and in the five year period following each, rough prices rose sharply. Penny expects the same to happen this time. I do hope he’s right, and that demand truly is rising. It would be all too easy for him to just tell the crowd at the town hall (including sightholders) things they want to hear.
Source: Janus Thinking
~~~
Press Release - Antwerp, June 8, 2009:
~
The crisis in the diamond sector has bottomed out, and the industry is now set for renewed growth. This was only one of the messages that were aired by the heads of the industry at the Diamond Town Hall Meeting organized by the Antwerp World Diamond Centre (AWDC) on June 3, which attracted some 500 diamond merchants and manufacturers who participated in a dialogue with the leaders of the industry.
*
A few days after event, the industry has made a roundup of the most important issues discussed. “The Diamond Town Hall Meeting was a first for the Antwerp World Diamond Centre,” commented Freddy Hanard, the organization’s chief executive officer (CEO). “The innovative concept was inspired by traditional town hall meetings where community leaders debate with their constituencies.
*
Such meetings are widely held at times [when] the flow of ideas and information [is] of crucial importance. At this meeting, the Antwerp stakeholders were able to understand how De Beers envisions the industry managing through and emerging from the economic crisis and the opportunities that will result in the future,” said Hanard.
*
In a two-hour question-and-answer session, Gareth Penny, De Beers managing director, first gave a presentation on the state of the industry, during which he stressed that “diamond inventories have fallen to levels which have justified increasing the mining production of the De Beers mines after it had been reduced by some 90 percent in the first quarter of the year.”
Penny told the Antwerp audience that he sees signs of recovery.
*
“The demand for De Beers rough diamonds is picking up,” he said. Apparently, applications for the next Diamond Trading Company (DTC) sight were well above $700 million.
Furthermore, in a clear reference to Botswana, the head of the world’s largest diamond producer noted that “De Beers production is increasing to keep pace with demand. Retail sales have also shown an improvement.”
*
Penny presented the audience with a historical DTC rough price trend chart showing that in the five years following each of the last four major recessions in the U.S. in the 1970 to 2009 period, rough prices have risen steeply.
*
With the future of rough prices thus quite certain, the question raised by the audience centered on timing — whether the industry's destocking had reached the level now to require significant new replenishment.
*
Stephen Lussier
*
Flanked by Varda Shine, DTC's managing director, and Stephen Lussier, De Beers external affairs and marketing director, Penny and the De Beers team then fielded questions, no holds barred.
*
Answering a question from trade journalist Chaim Even-Zohar, the Town Hall moderator, Penny was unwilling to disclose if the company will raise prices at its upcoming sight, but left sufficient hints for the audience to draw its own conclusions.
*
“We expect rough [prices] to be more in line with polished,” said Penny. “We are looking at it, [and] continue to monitor the situation.”
*
Essentially this is an issue of stocks and liquidity, he added.
*
Polished diamonds have maintained their prices in the past five weeks.
*
The De Beers spokesman is convinced that retailers should have worked through their excess stocks and that the 2009 Christmas season will be better than that of 2008.
*
“I think that it’s a pretty reasonable assumption from where we are sitting now,” said Penny cautiously, taking comfort from the rising U.S. stock markets and the improved confidence indices.
*
De Beers chose Antwerp for this initial Town Hall Meeting as
*
“After the overwhelming success of this first Town Hall Meeting,” said Ari Epstein, AWDC's deputy CEO, “we will plan more similar events like this in the future.
*
This format allows a serious interplay between the industry at large [and] the captains and navigators of the business, and can be organized rather spontaneously when the need arises.
In times of crisis, the best service the AWDC can provide is accurate and authoritative information to its members,” concluded Epstein.
*
Press contact : Philip Claes Tel +32 (0)3 222 05 05 Gsm + 32 (0)496 455 680
About AWDC: The Antwerp World Diamond Centre (AWDC) is the official representative of the Belgian diamond sector, charged with managing the relationship between the diamond sector and government, and promoting the interests of the Belgian diamond industry worldwide.
The Antwerp diamond sector generates 34,000 jobs in direct and indirect employment.
Total diamond imports and exports represented 45 billion USD in 2008.
80 percent of the rough diamonds and 50 percent of the polished diamonds worldwide pass through Antwerp.
***
~
Kiss Her With A Diamond
~

Daniel F Katz Graduate Gemologist ( GIA ) RFC ( Aust. )
Proudly NOT a member of the Jewellers Association of Australia

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Groups Put Kimberley Process on Notice - Plug the Leaks Now


In the run-up to an important meeting of the Kimberley Process to be held in Namibia, which is halfway through its yearlong chairmanship of the certification scheme, Global Witness today called upon its leaders to plug the leaks in the system or risk what credibility the Kimerley Process still possesses. Despite having all the tools in place, the certification scheme continues to fail to address "issues of noncompliance, smuggling, money laundering and human rights abuses" in alluvial diamond fields. Global Witness and other civil society groups listed a number of charges they demand be addressed at the upcoming meeting.

There is clear evidence of human rights abuse in diamond mining areas of Zimbabwe, as well as diamond smuggling and weak internal controls, the groups stated. Lebanon, meanwhile, is exporting more gem-quality rough than it imports, and for the past two years, rough exports from Guinea have increased by 500 percent, but mining has not. "A Kimberley Process review team visited Guinea in August 2008, but a year later its report has still not been completed, suggesting critical problems in the monitoring system," the groups wrote. Finally, while Venezuela has agreed to suspend its diamond trade until new control systems are put into place, it was found that in May 2009 diamonds were still being mined, smuggled out of the country and mixed into the world's legitimate trade.

Annie Dunnebacke, of Global Witness, said, “The clock is running out on Kimberley Process credibility. The work it was set up to do is vital — it would be scandalous if uncooperative governments and industry succeeded in hobbling it into ineffectiveness.”

The groups, led by Global Witness, propose that the following sentence be added to the preamble of the main Kimberley Process document: "The Kimberley Process shall promote respect for human rights as described in the Universal Declaration of Human Rights, and shall require their effective recognition and observance in the diamond industries of participating countries, and among the peoples, institutions and territories under their jurisdiction." As for monitoring, the groups called upon the Kimberley Process to "significantly improve" this function, stating that it must provide clear direction in cases where problems are identified, as they have been in Zimbabwe, Venezuela, Guinea and Lebanon. The process has also, they maintained, ignored a significant loophole in its control procedures. The Kimberley Process therefore must ensure, the groups demanded, that statistics regarding the purchase, use and sale of rough diamonds by cutting and polishing centers are incorporated into its internal control mechanism and reconciled in such a way that rough diamonds do not bypass other internal control measures.

Alfred Brownell, of Green Advocates of Liberia, added, “Namibia was a founding member of the Kimberley Process, and as current chair of the scheme should be a leader in ensuring an effective and efficient diamond certification system. The Kimberley Process must be a force for development in Africa’s diamond-rich nations and take a clear stand against human rights abuses.”

Susanne Emond from Partnership Africa Canada (PAC) said, “The Kimberley Process must fulfill its potential to ensure a clean diamond trade. We are calling on the diamond industry to join with us in demanding that governments enforce the scheme’s rules with greater commitment and timeliness.” Source Jeff Miller

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Kiss Her With A Diamond
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Daniel F Katz Graduate Gemologist ( GIA ) RFC ( Aust. )
Proudly NOT a member of the Jewellers Association of Australia

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Friday, June 19, 2009

'Poor' Imelda Wants Her Diamonds Back

Imelda Marcos’s famous 30.76 ct. diamond bangle bracelet
from Bulgari, NY, with
a price tag still on it of one million U.S. Dollars in 1986


On the night of February 25, 1986, President Ferdinand Marcos fled the Philippines with his wife Imelda Marcos for the United States.

They left behind them controversy which rages to this day.

The rumors of the extent of the jewelry discarded in their hasty departure have been denied consistently by both the Marcos’ and their friends claiming that other jewelry that was found at MalacaƱang Palace was made of paste.

It was at this time I suppose, the government felt that documents found left behind at MalacaƱang were the real treasures as they contained the evidence incriminating the Marcos’ in their money laundering activities and involving capital transferred from the Philippine treasury to several Free World Banks and ultimately to Swiss bank accounts.

Eleven days later, after the Marcos’ departure from Manila, on March 9, 1986 a Greek national boarding a flight to Hong Kong was detained by Philippines Customs officials.

They were following up an anonymous tip, and the Greek was found to be carrying 60 pieces of expensive jewelry which was addressed to Imelda Marcos.

These were confiscated and taken to the Central Bank of the Philippines for safekeeping and itemization.

Both Imelda and the jeweler to whom the package was addressed were vehement in their denials that these were Imeldas'.

Not only were Imelda and her jeweler friend disclaiming ownership of the jewelry, they also claimed that the pieces were paste!
This has now been disproved by appraisers from Christie’s, who were brought in to evaluate the 60 pieces of jewelry.

There are two other collections of jewelry; some were actually removed from the Marcos’ private chambers when they fled MalacaƱang Palace in 1986, some were removed from the plane carrying them into Honolulu, as the U.S. custom would not allow them to go further into the United States.

MANILA, Philippines – Imelda Marcos claims she's going broke. And she has the perfect solution: she wants her loot back.

‘Imeldific’“You have to be some kind of light, a star to give them guidelines."This was former First Lady Imelda Marcos' justification for her fabled extravagance: it was her duty to inspire Filipinos, especially the poor.Her 3,000 pairs of shoes and gem collection are only some of the lavish possessions that earned her a dictionary entry, the now infamous "Imeldific" that refers to an ostentatious lifestyle.

The PCGG has classified her jewelry collections into three:

The MalacaƱang set

This collection consists of pieces of jewelry found in her private chambers in the Palace after the Marcoses fled into exile in Hawaii. Little information is available about the MalacaƱang collection, except that it is included in Civil Case No. 141. The government claims that the items are among the pieces of property, which should be forfeited in the name of the Philippine Republic.

The Hawaii set

This collection was seized by United States customs authorities after the Marcos family set foot in Hawaii in 1986. The US government subsequently turned over the jewelry to the Philippine government. Among the items in the set are tiaras that, according to Mrs. Marcos, were previously owned by royal families. The former First Lady said some of the jewels were bought in Russia and were intended for religious images like the Blessed Virgin Mary and the Sto. NiƱo.

APPCGG director for legal affairs Jay Miguel said the collection is now conclusively owned by the government pursuant to the settlement agreement executed by and between and former PCGG chair of PCGG David Castro, confirmed by the District Court to Hawaii.

* Note: The MalacaƱang and Hawaii sets are hidden in vaults at the Bangko Sentral ng Pilipinas for safekeeping.

The Roumeliotes set

Said to be the most expensive among the three collections, the Roumeliotes set was confiscated by Philippine customs officials from Greek national Demetriou Roumeliotes shortly after the Marcos family fled to Hawaii. He was supposedly attempting to whisk the 60-piece gems from the Philippines and take them to Mrs. Marcos.

The former first lady denied ownership of the jewels but investigations and court cases subsequently showed the 60-piece loot was hers.

The set is currently with the Bureau of Customs because the jewels were seized pursuant to the tariffs and customs code, according to the PCGG. - GMANews.TV

The wife of the late dictator Ferdinand Marcos is demanding that the Philippine government return P15 billion worth of jewelry – a collection which includes a Persian-style necklace with more than 100 carats of canary and pink diamonds; tiaras previously owned by European royalty; a 93-carat diamond necklace crafted by renowned Italian designer Gionmoria Buccellati.
There is no conceivable way Mrs. Marcos could have paid for the jewels on the ostensible salary of her late husband Ferdinand, who was first president and then dictator of the Philippines.

Yet she claims the loot is rightfully hers, and wasn't bought using plundered wealth.

The jewels consisting of three collections were seized by or turned over to the Philippine government after the downfall of the Marcos regime in 1986.

In her letter to Presidential Commission on Good Government (PCGG) on May 25, 2009, Mrs. Marcos insisted that she remains the items’ legitimate owner since the agency has yet to initiate any civil or criminal proceedings in any court for their forfeiture.

Mrs. Marcos noted that the PCGG never issued any sequestration or freeze order over the jewels, as mandated by Article 18 of the 1987 Constitution.

The Justice Department, however, rejected Mrs. Marcos’ request, saying that the MalacaƱang collection is part of forfeiture proceedings pending before the Sandiganbayan, the country’s anti-graft court.

Justice Secretary Agnes Devanadera said there is no way that the PCGG can release the jewelry due to the pending forfeiture case.

Marcos wealth

Imelda's attempt to reclaim the jewels is only the latest episode in a two-decade battle between the Marcoses and the government over the wealth of the late dictator’s family.

Shortly after she was swept to power in the 1986 EDSA revolt, former President Corazon Aquino formed the PCGG to assert the government's claims.

Aside from the contested jewels, the Marcos wealth purportedly includes millions of dollars stashed away in Swiss bank accounts, several private estates, and the secret ownership of shares in private corporations of Marcos cronies.

More than two decades have passed since the Marcos regime was overthrown by the People Power uprising, but the family has always insisted that their wealth was not ill-gotten.

Mrs. Marcos argues that her husband was already rich even before they got married, fending off claims that she, her husband, and their friends pilfered the Philippine government’s treasury.

Mrs. Marcos alone is facing 10 graft charges on allegations that she held financial interests in secret foundations and private enterprises while she was a member of the Interim Batasan Pambansa from 1978 to 1984.

To date, neither Imelda nor any of the accused of ill-gotten wealth during the Marcos regime have spent a minute in jail.

But the government has had moderate success in recovering the Marcos wealth in a range of corporations and properties.

Mockery of Justice

Critics of the Marcos administration have vowed to block the possible return of the confiscated jewelry to the former First Lady.

Etta Rosales of the militant group Akbayan said returning the jewels would be a disservice to Filipinos, especially the victims of human rights abuses, torture, and enforced disappearance during martial law from 1972 to 1981.

Related Documents

Inventory of the Malacanang, Hawaii and Roumeliotes Collections 1

Inventory of the Malacanang, Hawaii and Roumeliotes Collections 2

Inventory of the Malacanang, Hawaii and Roumeliotes Collections 3

Rosales had filed the Marcos Compensation bill when she sat as Akbayan party-list representative during the 11th Congress.

The bill, which sought to give about P10 billion to martial law victims, was passed by the House and Senate bicameral committee during the 13th Congress.

The Senate ratified the bicameral report but the lower house failed to pass the proposed legislation before the closing of the 13th Congress.

Under the bill, the money would have been sourced from the $683 million (roughly P34 billion) in Marcos Swiss accounts that Switzerland transferred to the Philippines in 2003.

Another Marcos critic, former Solicitor General Frank Chavez, branded the retrieval of the jewelry as a “mockery of justice."

Chavez served as a witness in the Marcoses' ill-gotten wealth cases, and subsequently sought several court actions when he became solicitor general.

Pleading poverty

Ironically, the woman included in Newsweek’s list of greediest people of all time claimed she is on the verge of becoming poor.

"It is painful that every time I have to leave for medical treatment, I have to pay P750,000 travel bond. I have no more money left," a weeping Mrs. Marcos said in recent media interviews.

The list lumped Mrs. Marcos with Marcus Licinius Crassus, Genghis Khan, Pope Sixtus IV, William Vanderbilt, William Tweed, Empress Dowager Cixi, Charles Ponzi, Ivan Boesky, Dennis Kozlowski, and Bernard Madoff."

[Imelda Marcos] saw it as her duty to provide ‘some kind of light, a star’ for the impoverished Filipino people over whom her husband presided.

She took $5 million shopping sprees to New York and Rome, reportedly owned the world’s largest collection of gems and 3,000 pairs of shoes," the Newsweek article wrote of Mrs. Marcos whose name became synonymous to greed and extravagance. - GMANews.TV

Jewels of Imelda Marco

~
Kiss Her With A Diamond
~

Daniel F Katz Graduate Gemologist ( GIA ) RFC ( Aust. )
Proudly NOT a member of the Jewellers Association of Australia


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Kimberley Process Failing Part 3

The Human Rights Debate within the
Kimberley Process
~
An estimated 200 officials representing 73 countries participating in the Kimberley Process (KP) will convene in Namibia next week for its “intersessional meeting.” During the meeting, six different working groups and committees will address an array of issues. Debates will range from minor items, such as whether public warnings should be issued for fake KP certificates, to major, earth-shaking items, such as a proposal on expanding the scheme’s mandate.

Outside of the working sessions and reports by the KP chairman, the scheduled plenary meeting (covering the “really important issues”) will focus on Zimbabwe and Cote d’Ivoire. I am not aware of any planned discussion about a recent Venezuela-related article published by prominent NGO Partnership Africa Canada (PAC). In this article, entitled “The Kimberley Sham,” PAC concludes that “in condoning the status quo, the Kimberley Process has become an active party in an overt diamond-smuggling enterprise.”

While the Venezuelan government has suspended itself from the KP, it is simultaneously collecting fees from issuing diamond-mining leases to many diggers’ cooperatives. International trading centers might be jealous of the active and thriving diamond trade on the Venezuelan side of the border in the region that includes neighboring Brazil and Guyana. There is neither a recession nor a credit crunch there; the region has turned into a “Kimberley-Offshore,” where one can trade as one pleases. What the PAC article omitted, however, is that some countries don’t want to jeopardize their political and diplomatic relations with Venezuela – certainly not for something as mundane and irrelevant as a few smuggled diamonds.

Fake, Counterfeit, Forged or Bought KP Certificates

It is not just the Venezuela issue that is ruining the KP’s reputation and effectiveness. The chairman of the KP, the amicable Bernhard Esau, is proposing to issue a warning saying, “Trade in rough diamonds is permitted only on the basis of authenticated KP certificates. Nevertheless, [member countries] have occasionally been confronted with the occurrence of fake KP certificates. These instances typically affect more than one Participant and can be addressed through cooperative actions.”

Then comes the operational part: “In order to protect the KPCS against the use of fake or forged KP certificates, it is therefore recommended that: Participants should examine KP certificates and, upon detection of fake certificates, Participants should liaise with the issuing country for confirmation; and specimen copies of the fake certificates, after removing the names of companies/individuals and clearly indicating that the certificates are specimen copies, may be uploaded for information of all Participants on the KP website and/or through KP Chair notice.”

This innocuous (and almost self-evident) proposal is nevertheless missing the point. It is the “political correctness” of the KP that wants to remove governmental responsibility by labelling these certificates as fakes, forgeries or counterfeits. There may be some. But the truth is that fully legitimate, authentic and official blank KP certificates “are for sale,” and that for a few dollars (between 1-1.5 percent, sometimes more) one can get an official KP certificate for any rough presented.

This is the real problem – but it is not politically correct to bring up because it implies corruption within the ranks of the Participating Countries. By not confronting the “real” issues, the KP will become increasingly discredited and ineffective. Incidentally, why should fake certificates only be circulated after removing the names of companies/individuals listed on them?

The KP chair talks about the need to protect the KPCS – i.e. to protect the “System”. What about protecting the rough trade and the diamond merchants? If fraudulent players finally are caught, then the KPCS wants to institutionalize ways to “protect them”? Come on, Bernhard Esau – you can do better than that!

Enlarging the Mandate: Including Human Rights

Dutch Foreign Minister Maxime Verhagen told Zimbabwe’s prime minister this week that his government should “act more effectively against the illegal trade in diamonds. Illegal diamond mining often involves serious human rights violations.” The Dutch minister did not refer to the four soldiers deployed by the Zimbabwe National Army to the Chiadzwa diamond fields in Manicaland who have died following shooting incidents believed to have been sparked by disputes over proceeds from the sale of smuggled diamonds.

Those who supposedly protect in the name of government are the very people who steal, smuggle, violate human rights and shoot each other as well. In Zimbabwe, according to human rights groups, government soldiers have killed at least 200 people in the diamond fields in the past few months.

Let’s also have a look at Angola: it was reported this week that, so far this year, Angolan police have deported more than 6,000 foreigners who were caught digging for diamonds illegally in the country's northeastern region of Lunda Norte. Based on experience, this “removal” of people also carries a human toll. Let’s hope that KP Participants will ask about Angola next week (and that NGOs will make their own inquiry), rather than commending the country for a job well done.

Let’s not kid ourselves. While we have human rights problems in producer countries, we also have them in cutting and trading centers and in consumer markets. Human rights violations are depressing universal phenomena. NGO Global Witness – apparently with the support of the US Kimberley Advisor – will raise a proposal next week in Namibia to widen the mandate of the KP and its controls over the diamond trade.

It is suggested to add the following wording to the KP’s Operational Document: “The Kimberley Process shall promote respect for human rights as described in the Universal Declaration of Human Rights, and shall require their effective recognition and observance in the diamond industries of participating countries, and among the peoples, institutions and territories under their jurisdiction.”

There is not a decent person in the world who would argue against the importance of respecting human rights – just as everyone wholeheartedly supports hunger-alleviation campaigns or fights against human trafficking. These are all universal principles, which are so self-evident that one does not need to argue about them. And we shall not – ever.

The question is whether the KP should become the vehicle to advance human rights causes, which we all unequivocally endorse and support. But if so, we have to think what the ramifications are for the industry and the KP.

Can a country in which journalists are poisoned to death and diamond traders are jailed on trumped up charges without due legal process stay in the KP? Can a country in which indigenous Bushmen complain about their treatment by diamond companies stay in the KP? Can a country in which aboriginals believe a mine is destroying a sacred site stay in the KP? Can a country in which child labor is practiced stay in the KP? Can countries in which diamond diggers are exploited and survive on near-slave food income stay in the KP? Can a country with corrupt generals (and presidential daughters) pilfering the resource of the people stay in the KP? Can Lebanon, where the Hezbollah uses diamonds to finance terrorist activities, stay in the KP? Can a country where governments employ soldiers and brutal tactics to remove illegal diggers stay in the KP?

Who is going to draw the line? The Kimberley Plenary – which only operates on an unrealistic “consensus” basis? And where will the line be drawn? If the United Nations’ Universal Declaration of Human Rights will become part of the core KP mandate, something the United States now seems to be favoring, then in the first KP Plenary Session, countries producing together between one and two thirds of the world production will be kicked out of the KP. That’s an interesting way to kill off the scheme.

What the KP Really Needs…

In all honesty, we don’t believe that a mandate expansion is what is really needed – though we have to give some thought to the heavy-handedness in the diamond fields of some respected KP Participants. From our perspective, what the KP urgently needs at this time is to be implemented as it was designed to be implemented. If the NGOs are successful in getting the KP to that level, we’ll all salute them with the greatest of respect.

There is so much to do to clean up the KP well before contemplating widening the mandate. For instance, if the smugglers of Venezuela can use Guyana, Panama and Brazil to have the smuggled diamonds certified, the KP should take action – against all these nations. Regarding Guinea and Lebanon, the KP should start doing something tangible. The KP should clamp down on the black market that deals in legitimate KP certificates. Actions should also be taken against those countries that provide “collection points” for extorting money within the KP bureaucracy.

It is useless to bring up new principles or a widened mission in an organization that has proven not to be equipped to effectively manage a more limited mission.

THURSDAY, JUNE 18TH, 2009, CHAIM EVEN-ZOHAR

***
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Wednesday, June 17, 2009

WFDB to Hold Asia Summit

JCK-Jewelers Circular Keystone, 15th June 2009


The World Federation of Diamond Bourses (WFDB) is scheduled to hold a special 2009 WFDB Asia Summit Meeting on June 29. Hosted by the Diamond Federation of Hong Kong, the goal of the regional meeting is to get Asian diamond bourses more active in WFDB activities while determining what assistance diamond bourses in Bangkok, Hong Kong, Mumbai, Singapore, Shanghai and Tokyo can offer fellow WFDB members worldwide.

WFDB President Avi Paz said that he will listen carefully to reports from the bourses and their markets in order to understand how the WFDB can play a more significant role in advancing their interests.

“I hope to discuss with my colleagues how the WFDB can serve its Asian members better and more effectively, how the WFDB can assist its members to raise their profile and vice-versa, and what tools the WFDB can offer to advance the standing and competitive position of bourse members in their markets,” says Paz.

“Of course, we will bring our colleagues up to date as to what tools the WFDB is developing to advance the business interests of bourse members and the diamond exchanges to which they belong, and what the WFDB can do to advance diamond sales in general.”

“I am looking forward to this event which will, so I hope, culminate in Asia bourses playing a much more visible and significant role in our organization's undertakings,” he added.

The summit meeting will be attended by Paz, Ernest Blom, WFDB vice president and honorary president; Boonyong Assarasakorn, president of the Bangkok Diamond & Precious Stones Exchange; Michio Iwasaki, president of the Tokyo Diamond Exchange; Lawrence Ma, president of the Hong Kong Diamond Bourse; Lin Qiang, president of the Shanghai Diamond Exchange; Anoop Mehta, president of the Bharat Diamond Bourse; and Suresh Hathiramani, vice-president of the Diamond Exchange of Singapore.

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Tuesday, June 16, 2009

Chasing Diamond Retail & Online Crooks

WHY ?
~
I was asked several times and again yesterday why do I do this blog.

More importantly what do I benefit from it ?

Since the inception of The Diamond Guru in November 2007 I have put my name and reputation on the line.

I realise it is not a popularity contest and I agree I do not have to do this.

However the fact is there are numerous jewellery trade organisations both internationally and here domestically in Australia that represent the interests of their associate members espousing professionalism via a code of ethics that is never enforced always feigning to be in the public interest of the diamond jewellery consumer promoting themselves as protectors of their members' reputations.

The fact is:

1) None of the members are ever disciplined should they transgress.

2) The consumer is NOT protected

To the best of my knowledge I have only known of two people expelled from the Jewellers Association of Australia and one from the Diamond Dealers Club of Australia ; both rare events and decisions not taken lightly and only after I badgered them.

If I had said nothing , you guessed it... no balls and no integrity rules the day.

In the meantime there are many other diamond vendors who have questionable trading reputations who have besmirched and dishonoured the diamond business by:

1) Lack of diamond education

2) Selling with unrecognised diamond grading reports or their own in-house diamond reports all claiming independence and proper testing methods which is a complete lie.

3) Advertising virtual diamonds that they do not stock hoping to bait and scam a client into a sale.

4) Misrepresenting the quality of diamonds usually with exaggerated grades.

5) Lack of full disclosure in particular if the diamond is treated or a possible synthetic.

6) Rubbishing competitors not realising how unprofessional it appears

7) Following up potential diamond buyers and attempting to sow the seeds of doubt by undermining competitors' diamonds they have never seen despite not owning their own diamonds.

To be blunt I have nothing but sheer contempt for most of the jewellery trade.

They are the biggest bunch of gutless jellyfish who refuse to be held accountable for their own actions.

When confronted by my comments rather than make amends they become confrontational.

I agree I am perceived as being arrogant because I genuinely care. I have every right to be and I have yet to be proved wrong.

Buying a diamond should be a pleasant risk free transaction but it often is not.

After all what does buying a diamond for your loved one meant to symbolise ?

The truth is my best defence.

Those of you who disapprove of what I have to say here my simple advice is to go screw yourselves.
*
Those of you who have supported me and agreed with me...what have you achieved? Bubkes !

Most of you are all spineless but are the first to cry and complain how terrible business is.
*
You reap what you sow.
*
Being a jeweller was once a deeply respected trade trusted by many; equivalent to doctors and dare I say even lawyers.Now jewellers are on par with used car salesmen who actually have motor trade associations that discipline their members.
*
Too many fringe dwellers and businessmen have infiltrated the jewellery business because accreditation is not enforced to the detriment of the whole industry with no experience or feeling for the jewellery business lying and cheating along the way.
*
The Jewellers Association of Australia and similar trade organisations have proved to be utterly useless and made fools out of all it's gullible members while being a risk to the public at the same time.
~
New Staff Being Employed in a Melbourne Diamond Grading Laboratory
~
Always check the credentials of the diamond vendor prior to purchase.

The Diamond Guru believes it is in the interest of diamond consumers to be fully informed when making their purchasing decisions.

The Diamond Guru believe it is our right to inform diamond consumers of the facts in order to differentiate between those ethical diamond vendors selling diamonds with independent recognised diamond certificates and those that do not.

The Diamond Guru believes that diamond vendors who do not disclose their cross ownership of diamond labs without disclosing their relationship with their own pseudo diamond in-house labs is highly unethical and a complete conflict of interest.

Those unscrupulous diamond vendor rogues and their stockists have an unfair competitive advantage over their competitors including ourselves who sell genuinely independently certified diamonds from accredited recognised diamond grading laboratories.

Those diamond vendors, jewellers, website diamond retailers who retain the services of those non compliant pseudo in-house diamond grading labs and mix their diamond grading reports with recognised diamond reports or certificates to gain false credibility are either ignorant,dishonest or simply do not care because nobody has held them accountable.

Sincerely and most undiplomatically your's

Daniel F Katz



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No blind drop shipping
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No computer guy turned " Diamond Expert "
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No claims of “diamonds below wholesale”
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Top quality loose diamonds and jewellery
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Comprehensive and detailed diamond reports and information
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Personalized attention
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commitment to customer satisfaction
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Monday, June 15, 2009

The Bum Steer Berger...

Today's Diamond Lesson : A Timely Warning
Any similarities to persons know or unknown, dead or alive are purely coincidental and we do not apologise if you are offended or unamused.

The Bum Steer
~
Dear Mr Berger ,

Hope you are well and you had an enjoyable holiday in Australia.
It is not often that anyone would fly from New York to Australia to buy diamonds as you did.
Obviously Diamond Imports reputation in dealing with the highest quality certified diamonds has rubbed off.

Thank you for the tragic picture of you collapsing in shock outside Curry Munchers after discovering your two recently purchased three carat diamonds in Melbourne were proved to be both treated synthetic diamonds and not naturals as you were led to believe.

As I warned you, except for only one real diamond grading laboratory, those non compliant pseudo diamond grading laboratories in Australia you chose to deal with in Melbourne are a risk waiting to happen.

It has come to my attention that the same high profile drop shipping online diamond vendor, who advised you incorrectly, and often falsely claims to be stocking thousands of virtual diamonds below wholesale prices that he has never seen or touched , has been advising that diamond certificates are all about marketing to consumers.

In fact he claims the truth is that diamond certificates are NOT necessary at all but still utilises them to sell diamonds with. Does that make sense to you ?

Sadly it now too late and I regret your misfortune that you were given a bum steer.

Who was this diamond expert and what were his credentials ?

This same diamond expert reminds me of a long neck bottle of beer. From the neck up they must be both empty.

Is this self purported diamond expert hiding as a member of any diamond or jewellery trade organisation perhaps ?

Once again my advice to you is that diamond certificates are important for only two reasons:

1) Verificatiion if the diamond is natural or synthetic

2) Verification if the diamond has not been treated

Both the above services can usually be attained by a recognised and accredited diamond grading laboratory such as the ones Diamond Imports endorses ie. DCLA, GIA, HRD and AGS

Hope this helps with any of your future diamond purchases and thank you for your past correspondence keeping me informed .

Your destiny has found it's path upon the park bench you are recovering on even if you are only just passing through no pun intended ( Ouchy ! Those horns look sharp )

I hope the rest of your holiday will prove to be more enjoyable and that buying diamonds in Australia will prove to be a more satisfying experience in the future after receiving better professional advice from a real diamond specialist.

Peace and get well soon ,

Hooorooo from De Guru

Daniel F Katz GG ( GIA ) , RFC ( Aust )

Genuine Diamond Specialist

http://www.diamondimports.com.au/

Additional Reading : Part of our fiction imitating life series. Any similarities to persons know or unknown, dead or alive are purely coincidental and we do not apologise if you are offended or unamused.

Planet of Queensland Diamond Grading Laboratory Recruits New Staff

Siamese Twin Diamond Merchants Successfully Separated

A Diamond Change: The Thatched Hut Credibility Factor.

Queensland Diamond Scams :The Land of the Big Cane Toad

Sydney Diamond Website Opens New City Office

Robbing Peter To Pay Paul in The Battle of the Goat