—Pam Danziger,
DIAMONDS
“Guess what happens when you try to choose a diamond [online]? You’re presented with what amounts to an Excel spreadsheet showing all the diamonds available. You would have to be an expert to pick a stone wisely. You need years and years of education. Try pulling up all the online retailers—I’m telling you, if you delete the scribbly logo in the corner, you can’t tell the difference.”
—Gemist founder
“In [the] absence of willing midstream lenders, [diamond miners] may have no choice [than to provide] credit. This will make the pipeline a much healthier place for everyone. If the producer extends credit, it must double-check or even triple-check the financial strength of its clients.… That’s almost like going back to the ‘old days,’ where one knew that sightholders were solid and dependable, trustworthy companies.”