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Brokers to go broke?(diamond brokers and Israel's Central Selling Organization)
Israel Business Today
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May 19, 1996
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COPYRIGHT 1996 Israel Business Today. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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As far as brokers are concerned, trading in the diamond industry has traditionally been a relatively secure business. The Central Selling Organization (CSO) diamond broker was always perceived as the unmovable liaison between sightholders and the CSO.
However, recent developments within the industry seem to indicate that the days of security may be numbered for brokers, with CSO sightholders enjoying greater freedom in changing tack and the resulting greater level of competition generating tough negotiations on brokers, fees.
The rostrum of so-called "defections" ...
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