Beneficiation, value creation and the call for corporatisation and a tighter focus on risk management are among the key issues shaping the diamond industry’s restructuring process, industry experts said at the inaugural Dubai Diamond Conference organised by the Dubai Multi Commodities Centre (DMCC) and the Dubai Diamond Exchange (DDE) in March.

International diamantaire and DTC Sightholder Dimexon expects to see consolidation and stability in the diamond industry in 2013, following a year of slower sales turnover and carry-over excess inventory, a senior company executive said in an interview.

Rising from anonymity to become one of the leading diamond trading centres in the world, Dubai is well-positioned to play a pivotal role in the ‘New Silk Route,’ industry experts said at the inaugural Dubai Diamond Conference held in March.

DTC Sightholder Shree Ramkrishna Exports Pvt Ltd (SRK) is well-positioned to capture exciting growth opportunities in the fancy-shaped diamond market, company officials told JNA.

Smolensk, Russia-based Kristall Production Corporation, one of Europe’s major diamond manufacturers, is moderately positive about the polished diamond market in the coming months after a challenging 2012, a senior company executive said recently.

Fancy-shaped diamond specialist H. Dipak & Co has established its leadership niche in the world of “unrounds.” It was humble beginnings for H. Dipak, which was founded by a team of three entrepreneurs working out of a 330-square-foot office in Mumbai 17 years ago.

Members of Israel’s diamond community see China as the most exciting market in Asia, and many are capitalising on their manufacturing strengths, resources and strong customer orientation to jockey for position in an increasingly tough but potentially lucrative market.

Maxim Shkadov, president of the International Diamond Manufacturers Association (IDMA), is calling on all IDMA members to address one of the most critical issues facing the diamond industry today: financing.

The bulk sampling pro-gramme at the CH-6 kimberlite, which is a part of a $5 million work plan on the Chidliak project in Canada, has commenced, Peregrine Diamonds Ltd announced recently.

India’s diamond manufacturers are banking on innovative services, cutting-edge technology, manufacturing excellence and customer-centric strategies to build their competitiveness and generate profitable growth.