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Blood Diamond Jewellery
During one of the working sessions, Shmuel Schinitzer, the past WFDB president,
recapped al that had been done by the organization had begun a dialogue with
the DTC in the wake of the Supplier Of Choie (SOC) initiative. "During
the last two years, we have continued our series of meetings with the leaders
of the DTC. At our last such meeting, in May 2006, the DTC once more pledged
to support diamantaires who are not sightholders, by supplying a greater volume
of goods through Diamdel - over 550 million dollars worldwide. Wholesale Ammonite Jewellery
The DTC also
committed itself to contineu its symposia in the cutting entres, which are
intended to covery its messages to non-sightholders. And indeed, the gatherings
held so far - n Antwerp, Johannesburg, Tel Aviv and New York - were very instructive
and helpful". He added that, "Through our ongoing dialogue with
the DTC, we are doing our utmost to enable the vast majority of diamantaires
to continue their activities."
He said the WFDB had reached an understanding on different means of cooperation
regarding its WFDB Mark, and also received a promise for London for further
support of its member bourses with the provision of gemmological equipment. Wholesale Dichroic Glass Jewellery
He said that he could state "with all due modesty", that the WFDB
had played a part in Alrosa's decision to change its policy and sell rough
to diamantaires who manufacture outside Russia.
On the current situation, he said, "We all know that these are not easy
times. The Las Vegas show last May was a good reflection of the situation:
there is notable demand, but it is selective, focussed and very specific,
resulting in erosion of profitabiity. Our main difficulty at the moment is
a lack of ash flowin the markets. This, together with the decline in profits
over the last year or two, encumbers our activity. Obviously the diaond industry
is not detached from the world econoy. The worldwide economic problems inevitably
impact on our business, as well".
On the issue of conflict diamonds, he said, "the sweeping accusation
that the diamond industry is still dealing in conflict diamonds seems extremely
unfair, especially in light of the fact that the NGOs are well aware of the
efforts we are investing in this matter and how serious we are about it.
"It seems a bit odd to me that this harsh criticism was voiced shortly
before the premier of the film, Blood Diamond. After all in the last few years,
we have been dealing with the problem of conflict diamonds in the most serious,
effective manner, in full cooperation with the relevant governments".
As regards the WFDB mark, he said the guiding principle behind it was that
any exchange or member could carry the mark as an indication of its fulfillment
of the high ethical standards that consumers seek. He said the WFDB had created
a stringent code of conduct for this purpose and every member using the mark
had to meet al of them as well as being subject to an enforcement mechanism.
"The result" he said, "is full transparency enabling scrutiny
of every user of the WFDB Mark. This is the cornerstone of our project. It
is one of the most out standing undertakings of the Federation and I believe
that thousands of our embers will thank us for it".
Apart from the new president, the WFDB re-elected to its executive committee,
David Marcus, Jacob Banda, Anoop Mehta, Avi Paz, Dieter Hahn and Freddy Hager.
For its part, the IDMA general assembly also elected vice - presidents Eduard
Denckens from Belgium, Moti Ganz from Israel, Maxim Schkadov from Russia and
Vasant Mehta from India Stephane Fischler was re-confirmed as secretary -
general and treasurer for a fifth term.
The Canadian Manufacturing Association (CDMA), which had applied to become
IDMA's 13th Member organization participated as an observer pending full membership
at the next congress.
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The IDMA General Assembly voiced its support to a proposal that the 33rd World
Diamond Congress take place in Shanghai in 2008, and that the 34th World Diamond
Congress take place in Moscow in 2010. The 2007 Presidents Meeting will be
held in Amsterdam.