WDC NEWSLETTER ARTICLES

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WDC NEWSLETTER ARTICLES2019-09-02T17:59:20+02:00
13October 2020

WDC Newsletter

MARKING THE 20TH ANNIVERSARY OF A YEAR THAT CHANGED THE COURSE OF THE DIAMOND INDUSTRY ABOVE: Kimberley (left), the northwestern South African city closely associated with the diamond mining industry, which was the location of the founding of the Kimberley Process in May 2000, and Antwerp (right), the venue of  the World Diamond Congress in July 2000, at which was established the World Diamond Council. The year 2020 marks the 20th anniversary of two seminal events in the history of the diamond industry, both of them associated [...]

13October 2020

WDC Newsletter

2020, THE YEAR IN WHICH EVERYTHING CHANGED Dear members and friends, It’s that time of the year again. The WDC Annual General Meeting is just around the corner, on Monday, October 19, 2020, and so much has changed since last year, both personally and collectively. If I quickly look back to October 2019, I was still working at the offices of my former employer, Rubel & Ménasché, in the heart of Paris’ exclusive jewelry district. At the time I represented them in the WDC, and also in the Young Diamantaires’ group, [...]

20July 2020

WDC Newsletter

With the worldwide spread of the COVID-19 coronavirus and the imposition of lockdowns in most countries, the WDC called on its members to contribute blogs describing that they were experiencing in their own organizations and households, and how they viewed the impact of the global pandemic. Yoram Dvash Member of the WDC Board of Directors President, Israel Diamond Exchange Our huge trading hall, which is usually teeming with activity, is now fairly empty because of restrictions that allow only 100 people access at [...]

20July 2020

WDC Newsletter

JEWELRY COMPANY'S CENTENNIAL COMMITMENT LOOKS TO ADDRESS MEGA-CHALLENGES OF RESOURCE SCARCITY, AND CLIMATE, DEMOGRAPHIC AND SOCIAL CHANGE Following the outbreak of  COVID-19, Chow Tai Fook donated three ambulances to hospitals and clinics in Wuhan, the initial epicenter of the pandemic, which is a city where the company operates extensive manufacturing and logistics facilities. A long-time member of the World Diamond Council, the Chow Tai Fook Jewellery Group is one of the world's largest jewelry companies, with a workforce of about 30,000. It [...]

20July 2020

WDC Newsletter

“Women of the Diamond Industry” focuses on the issue of gender equality along the entire diamond and jewelry supply chain. The series provides a platform for women in the industry to tell their own story and describe the particular challenges they have faced in their careers. The second article in the series is authored by Esther Finda Kandeh, National Coordinator of Women in Mining & Extractive Sierra Leone. Esther Finda Kandeh, National Coordinator of Women in Mining & Extractive [...]

20July 2020

WDC Newsletter

AS THE COVID-19 CRISIS SPREADS THROUGH ASM AREAS, INDUSTRY STEPPING UP TO HELP THE MOST VULNERABLE A member of  GemFair staff preparing food and aid packages for artisanal miners and their families at a mining site in Sierra Leone's Kono region, as part of the organization’s COVID-19 response. By Konstantin Born Business Development Manager, GemFair When I left Freetown, Sierra Leone, to fly home to my family in London on March 11, I expected to be back in West Africa within weeks. How could I have [...]

20July 2020

WDC Newsletter

WDC BOARD CONFIRMS LEADERSHIP FOR NEXT TWO YEARS, EDWARD ASSCHER, PRESIDENT, AND FERIEL ZEROUKI, VICE PRESIDENT ABOVE: WDC's top leadership through 2022, Edward Asscher (right), President; and Feriel Zerouki, Vice President. Meeting in a virtual session on June 5, 2020, the Board of Directors of the World Diamond Council has confirmed the organization’s  leadership team for the next two years, with Edward Asscher serving as the new President of the international organization charged with leading the diamond and jewelry industry’s effort to prevent conflict diamonds from entering [...]

20July 2020

WDC Newsletter

IT IS SURVIVAL TIME Dear colleagues and friends, I retired from my business on March 2 this year, just a few days before the COVID-19 pandemic started dominating news headlines all over the world. It was bad timing for my children, Lita and Mike, who now run the family company. In the 50 years I have been involved in the industry, I have never experienced so rapid a fall in global retail sales. And we all know about the diamond multiplier effect – if retailers' sales shrink by 10 percent, then [...]