Property News · July 2, 2013

How do I become … a diamond trader


It’s difficult to break in to and not for the faint-hearted, but the joy and excitement of dealing in gems provides ample compensationIn ordinary life a customer with ready cash offering to pay a premium for a product would be feted by traders. There is nothing ordinary about the exclusive world of diamond trading, however, and when Vashi Dominguez took his savings to the dealers of Antwerp, none of them would sell him their stones. “I went to over 100 offices in three months,” he says. “I couldn’t understand why, if I had the money and was prepared to pay any price, they wouldn’t sell to me, but it’s a very closed industry based on trust and dominated by generations of the same families who want to preserve its culture. They’d ask me if anyone in my family was in diamonds and when I said no they’d show me the door.”Eventually he found a Belgian dealer who was unable to resist a cash customer prepared to pay any price to get a foot in the door and this one transaction confirmed him as acceptable in the eyes of the other traders. Continue reading…

Source : theguardian.com
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