Rob Bates: The Summer Of Non-Disclosure & Emerging Skeletons

Opinion piece
01/09/2015 23:07

The diamond industry is going through a tough time, and that could be causing some people to do desperate things... In the end, these reports hurt everyone. The same way we all now have to take off our shoes at the airport because of a few terrorists, diamond companies now have to regularly check their products to avoid synthetics. It’s important to stress that any dishonesty is limited, and that most people in the industry remain honest. But when people are on edge, these alleged episodes loom larger. The trade runs on trust, and these incidents strike at its heart. While these reports did not cause the current crisis, they contribute to the industry’s general anxiety, and the feeling that the normal order of business is breaking down.