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You are here: IDMA, WFDB, DDE and DPA organize roadshow of diamond identification and detection technology during 21st Presidents’ Meeting

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We’re all the same boat

During the past months, I have closely followed the developments in the global fashion industry, the luxury sector, and the diamond and jewelry business. The bottom line is that they are all connected. Sales of high fashion, luxury products, such as branded leather bags and shoes, as well as the fine jewelry business, all have been severely affected by the Covid-19 health crisis.

In the USA, department stores such as JC Penney and Neiman Marcus – beacons of the American retail landscape - have filed for bankruptcy.

It’s all connected.

In Europe, Inditex, the world’s largest fashion retailer, reported its first quarterly loss since it was taken public in 2001. While Inditex said it would close some 1,200 stores, it also announced that it would invest €1 billion IT upgrade as well as the opening of 450 new stores. Inditex, which owns Zara, stated it intends to gain 25 percent of its total revenue through e-commerce sales by 2022.

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September 20, 2019

When the Kimberley Process Certification Scheme (KPCS) was launched officially on January 1, 2003, it created for the first time in our industry’s history an ethical threshold that could be universally enforced.

 

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IDMA, WFDB, DDE and DPA organize roadshow of diamond identification and detection technology during 21st Presidents’ Meeting

The International Diamond Manufacturers Association ( IDMA), the World Federation of Diamond Bourses (WFDB), the Dubai Diamond Exchange (DDE) and the Diamond Producers Association (DPA) have joined hands in the organization of a roadshow of current diamond identification and detection technologies on occasion of the 21st Presidents’ Meeting and the Dubai Diamond Conference.

These events will take place September 23-26. The Presidents’ Meeting is the biennial meeting of the leadership of two sister organizations, the WFDB and IDMA. The Dubai Diamond Conference is organized by the Dubai Multi Commodities Centre (DMCC). The roadshow will run during September 25 and 26.

“Synthetic or lab-grown diamonds are high on the agendas of IDMA and the WFDB,” IDMA Secretary General Matthew Schamroth noted. “We’re pleased that across the board, we’ll have the opportunity to get hands-on experience with the identification and detection equipment and tools for lab-grown diamonds. A good number of companies will be joining us in Dubai to demonstrate their tools and equipment.”

“We’re glad to join the initiative by my IDMA counterpart,” said Rony Unterman, WFDB Secretary General. “Presidents and delegates from the bourses affiliated to the WFDB will be attending this meeting and they will be well served with the exposure to the information provided by these companies.”

Maryam Al Hashemi, Director of Precious Metals & Stones, DMCC, noted that interested companies that have not yet joined the participating technology firms are requested to contact Martin Leake at: This e-mail address is being protected from spambots. You need JavaScript enabled to view it .