Martin Rapaport will address the issue of diamond commoditization and the impact of the Internet on the diamond trade in a presentation at the Hong Kong Diamond Bourse.

The presentation on Nov. 21 will include details of Rapaport’s plan to commoditize diamonds and enable the creation of diamond derivatives through the establishment of transparent transaction prices for one carat and larger diamonds. The transformational role of B2B global internet markets and the impact of B2C internet retailing on profit margins will also be discussed.

“Surging oil and gold prices, the plummeting U.S. dollar, and globalization of jewelry demand will have a profound impact on diamond prices,” said Martin Rapaport, chairman of the Rapaport Group. 

“The internet is creating a global marketplace for certified diamonds with unprecedented price transparency that challenges traditional profit margins. The commoditization of diamonds and creation of diamond derivatives is an inevitable development that will link the global diamond and financial sectors, creating unprecedented opportunity for Hong Kong,”

The lecture is open to the diamond trade, financial community, and general media.

It will be held 3 p.m. at Diamond Federation of Hong Kong, China Ltd; 8-10 Duddell Street, Suite 5B HK Exchange Building.

For a reservation or more information, contact Ofira Gutman-Berrebi, ofira@diamonds.net; +852-9222-7001.

JCK