MR Gems

MR Gems are international diamond merchants with access to cutting manufacturers from Moscow to Tel Aviv, Antwerp to Mumbai, Botswana to Pingsha. MRGems, one of the world’s most advanced and successful diamond merchants, has cut and polished diamonds that are among the most complex in history.

The firm's success is based on the depth, breadth, and experience of teams - more than 100 professionals who come from a variety of backgrounds such as specialist master cutters, brokers, polishers, and specialists in fancy colours. The firm’s senior management is further supported by a team of highly experienced external advisors.

Based in London’s Hatton Garden, MR Gems have a history spanning the world of diamond production across the globe. Highly regarded, MR Gems' founder Mani Raziani is a member of the Antwerp Diamond High Counciland London Diamond Bourse and Club.

Statement from Mani Raziani at the Diamond high council

Mani Raziani the director of (MR Gems) started by saying that the diamond business is changing rapidly, and that the company is adapting to the recent changes as quickly as it can. He quoted diamond derivatives as an example of change: "very soon for the first time we will have diamonds derivatives. No one doubts that derivatives have become standard for other commodities and they will become very useful in our industry too." They let buyers and sellers hedge against future price gyrations by agreeing to purchase a commodity for a length of time at a fixed price. Investors also use them to bet on a commodity's price direction, normally without requiring physical delivery of the item.

Mani Raziani adds that investors also are looking at diamonds as a way to diversify. “It is a market that moves with its own reason,” he says. “Investors don't want to invest in assets that move in sync with shares and dollars. They like assets with their own specific performance, to diversify their portfolio and reduce risk.”

Mani Raziani discussed the apparent consensus in the industry that worldwide diamond demand will significantly exceed supply in the final years of this decade, especially in the better goods. This provides a certain level of comfort to diamond producers and their governments, who are taking bold initiatives - at significant risks to short-term market stability. However, Mani believes that the geopolitical developments that took place in the middle of this decade will force players to revise the demand growth scenarios. He feels there tends to a dichotomy between theory and reality.

This change in market conditions is already apparent as many large players are experimenting with new marketing arrangements both in rough and polished diamonds. They hold considerable promise, but Mani believes that, at the same time, it will inflict considerable “pain” on those players in the value chain that do not produce further value. "Those without required detailed industry knowledge and operational capability will loose out in these aggressive markets," he says.

Mani Raziani adds that MR Gems' success is based on the depth, breadth, and experience of his team - more than 100 professionals who come from a variety of backgrounds such as banking, treasury and risk management to specialist master cutters, polishers, specialists in fancy colures and brokers. The firm’s senior management is further supported by a team of highly experienced external advisors.

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