CREDIT WHERE CREDIT IS DUE

Yesterday I had lunch with an old friend, Edward Johnson, Director of GIA London, who remarked that he had not read any of my blogs recently, to which I replied that it was hardly surprising as I hadn’t felt sufficiently inspired or motivated to write one and I prefer to only comment when I think I have something interesting to say that hopefully will add value.

This, of course, is a very important year for the Diamond Trading Company, its Sightholders, its brokers, its well-wishers and the trade in general as we all embark on the assessment process for the new contract. It would be premature to say anything very specific at this stage but I think one thing is clearer than ever, Sightholders should only get credit where it is due, by having demonstrated that that what they have said in previous profiles has proven to be credible.

This, after all, is a test of not just of the clients and their business models but also the DTC’s who rightly expect Sightholders to add value not only to their own businesses but also to the DTC and indeed the industry in general and inevitably it’s the results of the process itself on which it will be judged.