Diamonds

Save E-mail Print Most Popular RSS Reprints

Industry players to discuss diamond derivatives

June 15, 2007

Similar Stories | Topics

Antwerp—An international panel of representatives from leading financial institutions, financial exchanges and the diamond business will convene here later this month to discuss the development of diamond derivative contracts.

According to PolishedPrices.com, an industry-focused consultant group that established the panel in 2006, derivatives are needed by industry players wishing to hedge supply and prices against market volatility.

Interest in diamond derivatives has increased in response to the dilemma posed by shortages in raw materials and the growing demand for diamond jewelry in developing consumer markets, the company explained.

Participants in the session will include ABN AMRO Bank, Cargill, Chicago Board of Trade, ICICI Bank and ISDA, DD Manufacturing, Diarough, Eurostar, Pluczenik and Rosy Blue.

The session will take place at the Antwerp World Diamond Centre's headquarters June 28.

Historically, De Beers and much of the mainstream diamond trade has been adverse to treating diamonds as a financial or investment instrument, preferring to emphasize their image as icons of love and romance. Though not involved, De Beers said it will keep an eye on developments.

"It's something that we will follow with interest but not something we are involved in," De Beers spokesperson Lynette Gould told National Jeweler.
Save E-mail Print Most Popular RSS Reprints
Post a Comment
* Required field
* Author:
* Comment:
 

Diamonds

Industry calling for swift action on Zimbabwe

Jewelers of America is calling on the Kimberley Process to fully and quickly implement a work plan to address the serious concerns surrounding Zimbabwe's non-compliance with the Kimberley Process Certification Scheme, the system designed to keep conflict diamonds out of the international trade, and the reported human rights abuses in the Marange diamond fields. Read More

Sotheby's reports record-breaking sales in Geneva
Diamond symposium focuses on 'new normal'
More Diamonds

More Like This

De Beers taking 'serious look' at diamonds as investment
May 19, 2009 | National Jeweler Network
De Beers' production down 90 percent in 1Q
May 01, 2009 | National Jeweler Network
De Beers cites market improvement
April 21, 2009 | National Jeweler Network
De Beers notes improvement in diamond production
April 16, 2009 | National Jeweler Network
De Beers axes 25 percent of U.K. staff
April 07, 2009 | National Jeweler Network
TOPICS
Business | Commodity Markets | Financial Markets

advertisement

Video

Small multi video player located on right rail of NJN site

advertisement

Retailer Toolbar

America's Best Jewelers
Join the ONLY Social Network for Jewelry Retailers. Get access to expert content, peer best practices, and more.
Start networking today.
Newsletters
Newsletters
Topic-specific newsletters that deliver the latest news on jewelry, diamonds, wholesale operations and high-volume buying directly to your in-box.
Reader Connect
ReaderConnect
Supplier information presented with every article, bringing you related, actionable content on every topic.
Jewelry Yellow Pages
Yellow Pages
A comprehensive listing of associations, organizations, suppliers and services for the jewelry industry.
Classifieds
Classifieds
A comprehensive listing of job postings, product offerings and other materials for sale for the jewelry industry.
NJN Customer Connect
CustomerConnect
The most sophisticated suite of marketing services available for jewelry retailers, from Internet tools to data marketing.

advertisement