Diamond selling processes are outdated and hurting producers, trader says

GABORONE (Reuters) -The sale of diamonds through tenders and auctions is opaque and inefficient and should be revamped for producers to earn more and to survive the current price slump, a leading gem trader said on Thursday. Oded Mansori, co-founder and managing partner of Belgian gem trader HB Antwerp, said the impact on producers could be reduced by doing away with inefficiencies in the industry. The diamond market is currently going through a prolonged downturn with demand hurt by global economic unce ...