July/August 2007 - Facets - Diamdel restructures global operations

“At JQ, we are in the business of tapping into your senses— tactile, intellectual and visual—and helping you tap into our worldwide network of jewelry business resources.”

Marion Minor
President and CEO
JQ Publishing,
a division of M2MEDIA360

Facets - July/August 2007

Diamdel restructures global operations

As part of its drive to even greater operational effectiveness and efficiency, and to better meet the challenges of the current diamond market, De Beers is restructuring the Diamdel group of companies, taking into account De Beers’ stated commitment to support the secondary market. Diamdel will continue to sell to non-sightholders, mainly through Diamdel NV in Antwerp and Hindustan Diamond Corporation in India. In South Africa, the Diamdel office will cease trading, as De Beers has agreed to provide diamond skills and services to the soon-to-be-established State Diamond Trader. Reshaping the De Beers Group is necessary to meet the challenges of being a world class diamond company in an evolving market place, says the company.

Diamdel