A diamond industry analyst, Chaim Even-Zohar, completed the second day of the US and International Diamond Week in Israel with a lecture on the challenges and challenges currently facing the diamond industry, Israelidiamond.co reported. il.
The Even-Zohar report examined a number of important issues for the industry, including the management of De Beers and Anglo American companies and their objectives, banking services for the diamond industry, ethics issues, the stability of the diamond industry, synthetic diamonds and the like.
Even-Zohar spoke about the changes that have occurred in the De Beers group over the past few years, and how these changes have affected the diamond industry. He explained that De Beers decided to be active in all segments of the value chain in the diamond industry - "from the mine to the end consumer", essentially shifting the focus from the company's main diamond mining activities to processing and selling diamonds to consumers. On the contrary, ALROSA remained faithful to its main line of business - diamond mining, not engaged in retail sales, synthetic diamonds, diamond jewelry, branding and sorting laboratories, notes Even-Zohar. Even-Zohar stressed that De Beers is more interested in short-term profit than in the long term.
Even-Zohar predicts that prices for rough diamonds will remain at the same level in the next two or three years, although he recognizes that problems with banking services and the falling rate of rupees can greatly affect prices.