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- Until 2000, most of the world's rough diamonds were marketed by De Beers' Central Selling Organization through a monopoly single channel system, which controlled prices and regulated supply. This started to break up in the 1990s as first Russia, then Australia and the new Canadian miners decided to market outside of the monopoly system.
- De Beers' voluntary transformation of its business model has ended its status as the diamond cartel [AWDC, 13/02/08]
- Overall the trends on the world diamond markets is to move towards a demand-driven market rather than a supply-driven one [AWDC, 13/02/08]
- The controls put in place to stop the trade in conflict diamonds has made it easier to estimate the true size of the world diamond market [AWDC, 13/02/08]
- In 2007, the world diamond market is estimated as $12.7 billion worth of rough diamonds, which were sold for $19 billion after polishing, $30 billion at the wholesale level and $70 billion at the retail level [AWDC, 13/02/08]
- A single stone takes a little over two years to traverse the entire pipeline [AWDC, 13/02/08]
References:
Antwerp Facets News Service; Antwerp World Diamond Centre;
Bloomberg News; BMO Capital Markets; diamondfacts.org; Government of Northwest Territories; Gulf News; Isreali Diamond Company; Miningmx.com; National Post; Natural Resources Canada; News Room; Rapaport News |
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