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Showing posts with label Martin Rapaport. Show all posts
Showing posts with label Martin Rapaport. Show all posts

Wednesday, November 27, 2019

Antwerp Rough Diamond Days Event

Martin Rapaport's comments on the event was insightful. Market power is shifting from supply to demand. In the next 90 years, diamond mining companies will not have market power. They probably won't event exist, as diamond mining will be very limited. When rough diamond supplies are reduced, and eventually eliminated from the open market, recycled diamonds, gems and jewelry will emerge as the primary source of supply, with elderly consumers selling and young ones buying. That will result in a more profitable diamond and jewelry trade as unconstrained free-market supply becomes available from motivated sellers.

I hope we will live long enough to see those days coming and events happening.


Useful links:
http://diamantkring.be
https://www.diamonds.net/News/NewsItem.aspx?ArticleID=64416&ArticleTitle=Rapaport%2bSees%2bOpportunity%2bfor%2bDealers%2bAmid%2bTurmoil

Tuesday, April 16, 2019

Martin Rapaport Proposal

During a trade mission to Sierra Leone that involved a group of 29 international diamantaires and jewelers, Martin Rapaport, Chairman of the Rapaport Group, presented a proposal to the government of Sierra Leone that, in his company's view, would optimize the country's diamond industry. The proposal includes a systematic and sustainable business model that will optimize the benefit of Sierra Leone’s alluvial diamonds for the diggers, their communities, and the government. The plan involves giving artisanal diggers the opportunity to sell the diamonds they find through a legitimate government channel. I hope they succeed.