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IDE's Yoram Dvash: 2017 shaping up to be more positive

After a tough 2015, last year provided the diamond industry with more stability and 2017 could be even better, says Yoram Dvash, President of the Israel Diamond Exchange (IDE) and Vice-President of the World Federation of Diamond Bourses (WFDB). In this...

Today

Education is the most important part of generic diamond promotion effort

The activity of World Diamond Mark® (WDM) established by the World Federation of Diamond Bourses (WFDB) to enhance consumers’ desire to buy natural diamonds is currently focused on the downstream segment of the diamond pipeline in the belief that the...

20 february 2017

There is more growth to come as global market turns to online purchasing

After living in UK and US for a considerable part of his life, Ashraf Ahmed returned to UAE where he lived as a child, only to set up shop in a sector he is passionate about... gem stones and jewellery. A graduate in Business & Finance, Ashraf is adequately...

13 february 2017

Global diamond jewelry sales are expected to decline slightly in 2016 - Bain & Company

Bain & Company, a leading global business consulting firm, offering solutions on issues of strategy and operations, works with over 2,700 major multinational corporations across every economic sector, including the diamond mining industry. Antwerp...

06 february 2017

Kristall is worried about the external environment, which is sometimes changing "categorically"

Kristall Production Corporation is the leader of Russia’s diamond-cutting industry. The company produces almost half of the total amount of diamonds, which are cut and polished in the country. Having over 50 years of diamond manufacturing experience...

30 january 2017

Registration begins for 2017 Presidents Meeting and Finance Seminar

12 january 2017
The official web site of the 2017 Presidents Meeting and Finance Seminar has gone live, allowing participants to register for the February 5-8 biennial gathering of the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA), says a press note from WFDB.
The four-day gathering, organised by the Gems and Jewellery Export Promotion Council (GJEPC) and the Bharat Diamond Bourse, will take place at the Taj Lands End Hotel in Mumbai, starting with committee meetings of the WFDB and IDMA on February 5, followed by a Finance Seminar; the Presidents Meeting ; and gatherings of WFDB and IDMA Presidents.
WFDB President Ernie Blom said, "We have invited experts from the banking and finance community, as well as industry stakeholders to participate and provide crucial input. There are many issues to be tackled, and I look forward to extremely interesting and challenging discussions. We aim to establish a regular dialogue between banks and other providers to develop solutions for the diamond industry, and create a financing task force to drive forward solutions. We also seek to create online education courses for all members of WFDB affiliated diamond bourses, and roundtable discussions to be held in all the leading diamond centres. This Summit will play a critical role so we ask members of all trade organisations to attend," Blom added.

Aruna Gaitonde, Editor-in-Chief of Asian Bureau, Rough & Polished

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