All mines in world can come together on one blockchain, says De Beers CEO

We see some sightholders moving while new ones come in as a healthy sign, says Bruce Cleaver

Despite various challenges, the past year was a good one, says BRUCE CLEAVER, chief executive officer of the De Beers Group, the global corporation that has been the leading one in all aspects of the diamond trade for over a century. Edited excerpts of a talk with Rajesh Bhayani on what's ahead for the trade.

What is the impact of the recent fraud in India's gem and jewellery sector, followed by tightening of bank credit, on diamond demand?

There was some immediate impact on sentiment but our discussions with banks suggest good businesses are attracting finance. Our good customers have