Here are some interesting observations on the recently concluded sightholder selection process for the 2008-2011 period that was conducted by the De Beers Diamond Trading Company (DTC).
It has become apparent that several diamond companies might be fibbing when they say they have been given a sight. The bush telegraph in the marketplace has been consistently contradicting the assertions of some that they have received a sight.
Apart from the natural reaction of being just unable to come out and admit this publicly, this could also indicate that some of these companies might be contemplating appeals during the ratification process. The appeals will, I think, involve these companies drawing comparisons between themselves and those that have been selected.
Of course this is all speculation, but we could have a pretty rough start to the new year with perhaps a big fight that will involve not only De Beers and the disgruntled parties, but those that have made the grade as well…
I’m off on a break for a week. Back on the 31st, in time to watch 2008 make an entrance. Here’s wishing you all a happy Christmas and a great new year.
