About the Bourse
Introduction
Introduction
The Diamond Bourse of Canada is a diamond and gemstone trading facility, and an industry association that provides a variety of unique industry-specific services. Through its facility, services, and network, the Diamond Bourse of Canada supports and facilitates the trading of diamonds and gemstones within Canada, and provides the Canadian diamond industry with a distinct centre around which efficient and organised secondary diamond-market activities can form. In essence, the Diamond Bourse of Canada is a central commodity exchange facility and a network, which brings buyers and sellers together, and provides them with value-added services that enhances their competitive capabilities.
what is a bourse?
The term
There are two theories as to the origins of the term. The first claims that the term come from the French word for
Background Information
Background Information
Canada is currently the world’s third largest diamond miner (by value). Yet, in spite of the vast quantities of diamonds that are extracted from its earth, Canada’s secondary diamond-market remains woefully underdeveloped. Within the global diamond industry, diamond bourses and exchanges have traditionally been the focal points around which diamond-trading activities coalesced. Until 2010 though, Canada remained the only global diamond producer that did not possess an operational diamond bourse. The Diamond Bourse of Canada was established that year, through a collaborative effort between a group of Canadian diamond industry stakeholders and various provincial governments.
canada's diamonds: the numbers
In 2010 Canada produced almost 12 million carats of rough diamonds (11,775,000 ct).
Current projections estimate that Canadian diamond production should reach almost 22 million carats by 2016.
Current projections estimate that Canadian diamond production should reach almost 22 million carats by 2016.
Operational Context
Operational Context
Economic activities associated with diamond bourses have traditionally depended on the existence and availability of a physical facility. In recent years though, shifts in the global trading and economic landscape have clearly demonstrated that sustainable competitive and economic success calls for an effective adoption of technology and innovation. Consequently, in addition to its state-of-the-art facility, the Diamond Bourse of Canada is dedicating substantial resources to the creation of virtual electronic trading services that are not bound or dependent on a particular facility or location, and will serve to secure its competitive value-proposition in the dynamic markets of tomorrow.
