The Executive Committee of the World Federation of Diamond Bourses (World Federation of Diamond Bourses, WFDB ) has discussed this week at a meeting in London, the main challenges facing the world diamond industry.
"Diamond companies, especially small and medium-sized firms that make up the bulk of our membership, can not easily get access to finance," - he said at a meeting of the WFDB President Ernie Blom (Ernie Blom).
According to him, available to the diamond dealers financing has significantly decreased in recent years, resulting in a reduction in operational flexibility and increased the vulnerability of the diamond market companies.
«WFDB seeks to actively solve the problem of reducing the funding of the diamond trade, including through the organization of a seminar on the financing and the round table during a meeting in January 2017 in Mumbai. We will invite representatives from a wide range of organizations, including banks, insurance companies and funds, so that they understand our needs and have seen that we are a well-organized industry that acting prudently, "- Blom said.
He said that as a long discussion about the impact of undisclosed synthetic diamonds mined by natural stones. "With that, they constitute a very small part of the overall market, we fear that undisclosed synthetic diamonds could undermine consumer confidence in our products and the industry as a result of this underground activity", - he said. WFDB Board pointed out in this connection, the importance of compliance charters organization affiliated binding diamond exchanges 30 disclose synthetic diamonds, natural diamonds and also subjected to treatment in order to improve their characteristics. Participants of the meeting supported the movement of young diamanters aimed at encouraging the younger generation of diamond dealers in the diamond and jewelry business.
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