07 Dec 2022
DiamondWorld Directory
Home |
2009 Presidents' Meeting of WFDB discusses consumer confidence
The WFDB pricelist for polished diamonds was also introduced
By: Diamond World News Service
Nov 16 2009 12:52PM
Reference: 4372  


The 2009 Presidents' Meeting of World Federation of Diamond Bourses (WFDB) and of its sister organisation, the International Diamond Manufacturers Association (IDMA) was held on November 15, 2009, with the agenda of addressing consumer confidence in diamonds and introducing the new WFDB pricelist for polished diamonds.

WFDB President Avi Paz explained the need of such discussions saying that "While the WFDB membership is spread over all five continents, we all are affected equally by the global economic slow-down and consequent lower consumer spending on jewellery, and we all need to consider what the diamond and diamond jewellery business will need to do to protect, retain and even increase its traditional market share in the luxury product market." The meeting was likely to host the 28 bourses affiliated to the WFDB.

"We expect that the highlight of 2009 Presidents' Meeting will be the introduction of the WFDB pricelist for polished diamonds. While I am committed to keep the specific details under wraps until the actual announcement during the Presidents' Meeting, I can say that this brand-new pricelist will be supported throughout and by the entire supply chain of polished diamonds, from manufacturers to retailers, and in particular by consumers. As you know, the WFDB's slogan is "Tradition, Integrity, Accountability." As the guardians of the international diamond trade, it is our task to develop tools that will increase consumer confidence in our luxury product, the polished diamond. I assure you that the measures that we will introduce at the upcoming meeting will be instrumental in advancing consumer confidence in diamond and diamond jewellery throughout what we often call the diamond supply pipeline", Paz added.

The meeting took place in Antwerp, Belgium.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
*  Name:
*  Mobile:
*  Email:
Subscribe for DiamondWorld weekly Newsletter
Search News by City
Recent Issue
News in Pictures
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 32037
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 9541
GJEPC Chairman Interview
Views: 28141
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 39382
Promo for IJ Awards 2012 at NDTV Profit
Views: 57074
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 68567
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 21889
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 50935
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 53131
DW News App
Member of:
Supporter of: