Signs Of The Time

It was interesting to read the comment (s) by Israel's largest diamond dealer Lev Leviev at the the Third International Diamond Conference in Tel Aviv, 2008 about the state of the diamond industry: 'You can’t blame the diamond producers for their desire to achieve the highest prices possible + oil, gold, coal and other minerals saw prices rise 300-400 percent in the last five years – much more than diamonds + we grew second and third tier polishers that grew with us + each gets a different (category of) diamonds, and they don’t compete with each other + the competition between manufacturers when they all sell the same items causes them to lower prices.'

I think he is right + the industry need a unified strategy + it's all about effective/mutually beneficial distribution methodology + at the end of the day it's all about profit not prices.