DTC end in sight - analyst

In an interview with Israeli diamonds, a well known diamond industry analyst and journalist Chaim Even-Zohar says he believes that De Beers as a producer is not going to lose its dominance in the market easily in the near future but three or four mining companies will still control some 70 percent of the market in the foreseeable future.

" Dominance of De Beers and the other big companies is not going to change so quickly. What will continue to change, however, are the rough diamond marketing structures. We will probably see the end of the Diamond Trading Company within a few years.