Upcoming B2B Gems & Jewellery Exhibition- 19th - 20th - 21st January 2019. Bangalore.

Finance Issues Top of the WFDB Agenda


With the 37th World Diamond Congress, the biennial meeting  of  the  World  Federation  of  Diamond  Bourses  (WFDB)  and  the  International Diamond Manufacturers Association (IDMA), set to start in just over three weeks, WFDB President  Ernie  Blom  says  the  finance  sessions  of  the  Congress  are  set  to  provide critical information for the industry on the issue of liquidity and other financing matters.

The Congress, to take place in Dubai from May 16 to 19, will address industry financing on the morning of May 18, with leading figures from the global trade tackling the subject and  taking  part  in  a  panel  discussion  in  which  members  of  the  audience  will  be encouraged to participate. 

Erik Jens, ABN Amro Bank's Head of Diamond and Jewelry Clients, will speak on the issue of 'Key opportunities in financing the diamond and jewellery industry', and will be followed  by  Howard  Davies,  De  Beers'  Head  of  Commercial  Development,  who  will address the Congress on 'Global financing options and requirements for the diamond industry'.

They will then take part in a panel debate to be attended by the WFDB's 30 bourse presidents and other exchange officials along with their counterparts from IDMA and more than 100 diamond industry representatives from across the diamond pipeline. Amongst others joining Jens and Davies will be David Bouffard, President, Corporate Affairs  at  Signet  Jewelers  Ltd,  Feriel  Zerouki,  Head  of  Government  and  Industry Relations at De Beers and other industry figures. 

In addition, there will also be a Dubai Diamond Finance Seminar which will be the second of a series being held by the Dubai Diamond Exchange (DDE), aiming to raise awareness of diamond financing options and how Dubai’s trade infrastructure and financial institutions can further support the diamond trade. More details will be announced this week.  Ernie  Blom  said:  "We  believe  that  the  speakers  and  panelists  and  the  interactive discussion  format  during  the  Congress  will  provide  a  comprehensive  review  of  the nature of the financing issues affecting the diamond business and how we can best deal with them.

Our aim is to provide a roadmap for the industry to help take it forward during these challenging times.  "For too long, industry members and the banks have not been on the same wavelength. We  aim  to  correct  this  for  the  good  of  both  parties.  This  also  fits  in  with  the  overall themes  of  the  Congress:  Transparency,  Responsibility  and  Sustainability.  We are moving ahead with a new era of way of working in all aspects and this will be clearly seen at the Congress," Blom conclude.