Hi all
Here is some information about the industry, so you can see where the opportunities lie.
Regards
JHD
The 'Diamond Pipeline'
Rough diamonds are sent directly from De Beers mining operations in Africa (#1), or secondary mining producers in Canada and Russia to De Beers' Diamond Trading Company (DTC) in London, Gaborone, Kimberley and Windhoek, for sorting and resale. The rough stones are separated into 16,000 categories based on size, color and quality, then divided by human or automated sorters into individual lots called "boxes." The DTC is part of the DeBeers Group supply-chain known as the Central Selling Organization (CSO), which combines ("aggregating") supplies of rough diamonds from multiple sources into one wholesale market (#2).
The DTC holds a sale called a "site" or "sight" ten times per year in London and Johannesburg, where De Beers sells the "boxes" to its select group ("supplier of choice") of 125 "sightholders" (#3) or diamond manufacturers, cutters, and retailers [5]. De Beers (DTC) sets the price of each box in advance, determining the quantity and quality that each site-holder will receive. A 'sight' can have a value of between $500,000 to $2,000,000 USD.
The sightholder then transports the box of rough diamonds back to diamantaire firms (cutting and polishing factories) located around the world (#4). Many Sightholders are also cutters. Rough diamonds are cut in various geographic regions according to tradition and the skill-sets of the labor force. India cuts the vast majority of small stones (.20 carats or less) in Mumbai (Bombay) and Surat, while large stones are primarily cut in Antwerp, Tel Aviv, Ramat Gan, and New York. Other major cutting centers are located in Johannesburg, China, and Thailand.
The diamonds are then re-sold from the cutting and polishing (manufacturing) centers to wholesalers (Diamond Bourses), or to jewelry manufacturers (#5) around the world. Both traders and manufacturers may sell diamonds "upstream" and "downstream" through the diamond pipeline [8], to take advantage of market fluctuations. Once the diamonds are set into jewelry, they are sold to retailers or direct to the customer.
Here is some information about the industry, so you can see where the opportunities lie.
Regards
JHD
The 'Diamond Pipeline'
Rough diamonds are sent directly from De Beers mining operations in Africa (#1), or secondary mining producers in Canada and Russia to De Beers' Diamond Trading Company (DTC) in London, Gaborone, Kimberley and Windhoek, for sorting and resale. The rough stones are separated into 16,000 categories based on size, color and quality, then divided by human or automated sorters into individual lots called "boxes." The DTC is part of the DeBeers Group supply-chain known as the Central Selling Organization (CSO), which combines ("aggregating") supplies of rough diamonds from multiple sources into one wholesale market (#2).
The DTC holds a sale called a "site" or "sight" ten times per year in London and Johannesburg, where De Beers sells the "boxes" to its select group ("supplier of choice") of 125 "sightholders" (#3) or diamond manufacturers, cutters, and retailers [5]. De Beers (DTC) sets the price of each box in advance, determining the quantity and quality that each site-holder will receive. A 'sight' can have a value of between $500,000 to $2,000,000 USD.
The sightholder then transports the box of rough diamonds back to diamantaire firms (cutting and polishing factories) located around the world (#4). Many Sightholders are also cutters. Rough diamonds are cut in various geographic regions according to tradition and the skill-sets of the labor force. India cuts the vast majority of small stones (.20 carats or less) in Mumbai (Bombay) and Surat, while large stones are primarily cut in Antwerp, Tel Aviv, Ramat Gan, and New York. Other major cutting centers are located in Johannesburg, China, and Thailand.
The diamonds are then re-sold from the cutting and polishing (manufacturing) centers to wholesalers (Diamond Bourses), or to jewelry manufacturers (#5) around the world. Both traders and manufacturers may sell diamonds "upstream" and "downstream" through the diamond pipeline [8], to take advantage of market fluctuations. Once the diamonds are set into jewelry, they are sold to retailers or direct to the customer.