The annual Presidents’ Meeting of the World Federation of Diamond Bourses (WFDB) has concluded in Shanghai, China.
The participants of the three-day event discussed the most pressing issues facing the world diamond industry, among which are the new G7 restrictions, competition from the synthetic diamond market, and the lackluster Chinese demand. The meeting featured panel talks, speeches and discussions.
The Presidents’ Meeting was hosted by Shanghai Diamond Exchange President Lin Qiang. It was attended by bourse presidents from around the world as well as by important Chinese guests. A delegation representing the Ministry of Mines of Angola and Endiama attended as well as one from Namibia.
Members of the WFDB reiterated the necessity of collaboration among organizations in dealing with the challenges affecting the industry, and the key role of the WFDB in leading industry wide initiatives.
In addition, WFDB leaders met personally with Chinese government officials and large private companies to promote the importance of investing in large-scale marketing campaigns in the Chinese market.
Theodor Lisovoy, Editor in Chief of the European bureau, Rough&Polished
