World Federation of Diamond Bourses president Ernie Blom hopes to use the upcoming Presidents Meeting in Tel Aviv to discuss the creation of the new Diamond Producers Association by world-leading mining companies.
Blom commented: “I am looking forward to meeting some of the representatives of the mining firms. It is critical that the diamond firms are involved in the development of the diamond sector and address the important issues that face the industry.”
The founding members of the DPA, including ALROSA, De Beers, Rio Tinto, Dominion Diamond Corporation, Lucara Diamond Corporation, Petra Diamonds Ltd, and Gem Diamonds Ltd, aim to work together to support the development of the diamond sector.
Blom continued: “I am happy that after many years of discussions, the leading diamond producers have taken this long-awaited step. In today’s world, no sector can thrive without the united effort of all stakeholders. The WFDB represents more than 20,000 companies that are members of our 30 diamond bourses in 21 countries and has been leading the industry, with codes of conduct and establishing best practices for its members. We have always done this in consultation with the mining companies, governments and sister organizations around the globe. In the almost 70 years of the WFDB’s existence, we have learned that in order to achieve results, all industry sectors and all major centres need to speak one voice.
“Since the beginning of 2014 when the World Diamond Mark Foundation (WDMF), which the WFDB backs very strongly, started its quest to revive generic diamond promotion to enhance consumer desire and trust in diamonds, we have been in constant contact with all the leading diamond mining firms. At the Presidents’ Meeting in Tel Aviv, the WDMF will present its marketing plan to the leaders of all parts of the diamond industry, including the mining companies.”
The Presidents Meeting will be held in Tel Aviv from June 14 to 16.