IDI’s Ganz: small September Sight will calm market
Varda Shine, Chief Executive Officer of the Diamond Trading Company
HONG KONG, September 21, 2011 – Moti Ganz, Chairman of the Israel Diamond Institute (IDI), and President of the International Diamond Manufacturers’ Association and the Israel Diamond Manufacturers’ Association, said the decision by the DTC to decrease its September sight to $380 million will help to calm the market, which has recently seen vacillating prices.
Ganz said the DTC, headed by Varda Shine, is implementing the decision announced after the unusually large August sight ($855 million) to seek to calm the market by decreasing sights and stabilizing prices – which will affect the entire diamond supply pipeline, including the polished diamond market in diamond trading centers.
