Chris Del Gatto: “We provide capital to smart companies”

Chris Del Gatto, CEO & Co-Founder of DELGATTO Diamond Finance Fund L.P., a New York-based non-bank lender to the diamond and jewelry industry, started his career as a diamond cutter when he was just 17. In his early 20’s, Chris went on to co-found a...

26 october 2020

Lunhianga Project: "The forecasts for this year point to the production of about 100 thousand carats of diamonds"

Advanced information, by the coordinator of Endiama’s Lunhinga Project Management Committee, Adérito Gaspar, points to a drop in production due to the pandemic, but with good prospects in view of the potential of the kimberlites of Camatchia, in production...

19 october 2020

Crisis is the way to development

Maria Krasnova belongs to the second generation of the St. Petersburg jewellers. She is a daughter of Pavel Sokolov, the founder of ‘Samotsvety ot Sokolova’ (Gems by Sokolov), a jeweller and expert gemologist famous for his collection of unique...

12 october 2020

Gaetano Cavalieri: Diamond producers no longer insisting that clients purchase what they are offered

Dr. Gaetano Cavalieri has served for the past 19 years as president of CIBJO, the World Jewellery Confederation. Uniting national jewellery and gemstone associations from more than 40 countries, including Russia, and many of the industry’s major corporations...

05 october 2020

Worth of gold and diamonds

Initiatives in Arts and Culture and De Beers recently co-hosted a webinar on the worth of gold and diamonds. The webinar, which was moderated by Mickey Alam Khan, the founder and editor of Luxury Daily, featured Jeffrey Christian, founder and managing...

28 september 2020

Hundreds attend virtual opening of the World Diamond Congress; Yoram Dvash elected President of WFDB

15 september 2020
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Image credit: WFDB (Facebook)


Hundreds of attendees logged on to the opening session of the World Diamond Congress held online on 14 September 2020. They represented member bourses of the World Federation of Diamond Bourses (WFDB), manufacturing associations that are members in the International Diamond Manufacturing Association (IDMA), observers, guests and media, says a press release from WFDB. 
The opening session, entitled “Diamonds in the Next Normal” featured speeches by WFDB President Yoram Dvash, IDMA President Ronnie VanderLinden, CIBJO President Gaetano Cavalieri and WDC President Edward Asscher. All addressed the changes that are taking place in the diamond and jewelry world and the need for the industries to adapt to them. Kim Pelletier, new CEO of Get Diamonds, the online diamond platform of the WFDB, presented the site's achievements and future plans. 
Yoram Dvash said that although the coronavirus pandemic made 2020 a very challenging year, there is a return to demand in major markets. Dvash, however, stressed that the problems of the diamond industry were not only caused by the virus. “The industry has been suffering from a lack of profitability, a shortage of financing and reduced demand. It needs to transform to meet the demands of the twenty-first century. That means adopting the values of the day – transparency, sustainability and consumer confidence. It means working together with regulators to create rules and measures that benefit all.”
Later at the Working Session of the WFDB, Yoram Dvash, President of the Israel Diamond Exchange, was formally elected as President of the WFDB for a three-year term, after having served as Acting President since April. Lin Qiang, President of the Shanghai Diamond Exchange, and Moshe Salem, President of the Diamond Club West Coast in Los Angeles, were elected Vice Presidents. Rony Unterman was again elected Secretary-General and Mehul Shah was again elected Treasurer-General.

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