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WFDB hosts Asia-Pacific Presidents' Summit in Macau

18 september 2017
The World Federation of Diamond Bourses (WFDB) held its Executive Committee meeting along with the Asia-Pacific Presidents’ Summit in Macau on September 10 and 11, discussing a range of crucial issues affecting the global diamond industry including generic marketing.
Boosting consumer demand via generic promotion campaigns, declining profitability for the WFDB's members due to high rough prices and falling polished prices, as well as the decrease in bank credit to the diamond trade was discussed during the Summit.
The Summit was hosted by the Macau Association for the Promotion of Diamond and Gem Trade Development in Macau in a meeting organised by the Shanghai Diamond Exchange. Presidents of diamond exchanges in the region, including China, Thailand, the United Arab Emirates, Australia, Japan, Hong Kong, South Korea and Russia attend the event.
WFDB President Ernie Blom said, “This is a forum which enables regional bourse presidents to explain their concerns in a relaxed meeting. There was definitely an upbeat feel to the meeting in light of recent announcements regarding big increases in global generic diamond marketing campaigns."

Aruna Gaitonde, Editor-in-Chief of Asian Bureau, Rough & Polished