(IDEX Online) - I was in an elevator in a hotel in Mumbai several years ago at the end of a conference when a well-known diamond industry figure walked in with a small entourage. "You know what the trouble is with transparency?" he asked. "You can see right through it." Seemed pretty amusing at the time; the entourage certainly enjoyed it. Given the speed of developments in the industry, however, it seems today to be rather a feeble and irrelevant joke. I am sure that there are many other people who related to the need for responsible sourcing and transparent business operations with similar sarcasm. Doubtless there were many who hoped it would fade away, sort of like a passing fashion. I am equally sure that there are still many in the trade operating quietly and trying not to appear on the industry's radar who are not that interested in running transparent operations either.
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