- This event has passed.
How Financial Compliance is Transforming the Diamond Industry, brought to you by De Beers
June 7 @ 5:30 PM - 8:00 PM
Wednesday, June 7
5:30 pm – 8:00 pm
CFANY Conference Center
1540 Broadway #1010,
New York, NY 10036
Tuesday, June 6
Paul Rowley, Executive Vice President, De Beers Group Sightholder Sales
Bernard Bradley, Executive Vice Presient, De Beers Group Sightholder Sales
Feriel Zerouki, Head of Government Relations, De Beers
Howard Davies, Vice President, Commercial Development, De Beers UK
Tony Carroll, Director, Acorus Capital
From the master craftsmen in the time-honoured workshops of New York to the high-tech new factories of the east, a $20bn global industry exists to transform natural rough diamonds, the hardest substance known to man, into exquisite polished gemstones.
As an industry that has traditionally been synonymous with myth, magic and mystique, the midstream diamond business has seldom sought the limelight. However, over the past few years, a quiet revolution has taken place in the way in which the leaders of this sector have transformed their businesses from traditional and often secretive family partnerships into large modern corporations, with a firm foundation of world-class corporate and financial transparency.
As a result of this transformation, the most progressive businesses in the diamond industry’s midstream, and their working capital assets, have become increasingly investible. This is not only true for the international network of banks that already provide short-term working capital funding to the industry but, increasingly, also for non-bank investors.
Over the past 18 months, state wealth funds, major pension funds and international asset managers have moved towards taking long-term exposure to working capital assets in the diamond industry’s midstream, packaged as investment-grade commercial paper. Several such vehicles have already launched, and more are in the pipeline. Leading midstream companies are now also beginning to approach the bond markets for termed finance, as part of their structured portfolio of debt.
At this briefing, De Beers, the world’s leading diamond miner, and a business with expertise across the entire diamond value chain, will give a unique insight into the forces that are shaping the modern diamond industry, including the once-in-a-lifetime prospects for demand growth that are now emerging in China and India. The briefing’s focus with be squarely on the extraordinary businesses that operate in the industry’s midstream, and the financial and ethical compliance programmes that have now opened the door for them to a much wider world of financial opportunity. The picture that emerges is of a dynamic and modern industry on the cusp on a sparkling future, which it is facing with renewed confidence.
6:00-6:05: Opening Remark
Paul Rowley — Introduction: The Diamond Industry Today
Bernard Bradley — The Diamond Midstream
Feriel Zerouki — Managing Compliance in the Diamond Industry
Howard Davies — Transforming the Diamond Industry’s Finances
Tony Carroll, Director, Acorus Capital
7:35-7:40: Closing Remark
CFANY expects all attendees to comply with CFANY’s Code of Conduct while attending CFANY events or meetings. CFANY expressly reserves the right, in its sole discretion, to grant or deny access to any individual, or to expel any individual from any CFANY event or meeting.
The CFA Society New York, Inc. (“CFANY”) is not a Registered Investment Advisor, Broker/Dealer, Financial Analyst, Financial Bank, Securities Broker, or Financial Planner. While CFANY seeks to present accurate and reliable information, CFANY does not endorse, approve, or certify such information, nor does it warrant or guarantee the accuracy, completeness, efficacy, timeliness, or fitness of such information for any particular purpose. Information presented may or may not be current as of the date of the presentation, and CFANY has no duty to update and maintain the information, reports, or statements made during events.
The information presented is provided for information purposes only, and is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice, is general in nature, and is not specific to you. None of the information presented is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any security, company, or fund. CFANY is not responsible for any investment decision made by you.
You should not make any financial, investment, trading or other decision based upon any of the information presented at CFANY without undertaking your own independent due diligence and consulting with a qualified and registered securities professional. You understand that your use of any of the information presented at CFANY is at your own risk.
There is a substantial amount of risk in trading securities, and the possibility exists that you can lose all, most or a portion of your capital. CFANY does not, cannot, and will not assess or guarantee the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The securities mentioned in any CFANY presentation may not be suitable for investors depending on their specific investment objectives and financial condition.
All requests for Withdrawals must be submitted in writing and dated. The date of the request will be the date it is received by NYSSA. Requests may be faxed to (212) 541-4677, or emailed to firstname.lastname@example.org.
Withdrawals from events, live or streaming, are subject to the following policy:
- 24 HOURS ADVANCED NOTICE OR MORE: Credit to be issued (to be used within 6 months)
- LESS THAN 24 HOURS OR AFTER EVENT HAS STARTED: No refund
For more information: Policies and Procedures