25 Oct 2020
DiamondWorld Directory
Home |
News
Home
Borsa Istanbul signs agreement with WDM
The agreement is towards institutionalizing diamond trading in Turkey and in other key markets
By: Diamond World News Service
|
Jan 20 2016 9:24AM
|
Reference: 12581  

DecreaseIncrease
Borsa Istanbul, the sole bourse regulated under Turkish Capital Market Law has signed an agreement with the World Diamond Mark Foundation (WDM) building cooperation between Borsa İstanbul and WDM. The cooperation is with the purpose of institutionalizing diamond trading in Turkey and in other key markets by means of Borsa İstanbul's extensive networking capabilities and ready access to markets in Europe, the Middle East and Asia.

Upon signing the agreement, Tuncay Dinç, Borsa Istanbul CEO, said that Borsa İstanbul's resolution to join the WDM's efforts to promote consumer desirability and confidence in diamonds comes at a crucial moment. "The international diamond and diamond jewellery industry is currently facing significant competition for market share in the luxury consumer product market. We believe that the WDM, which operates under the umbrella of the World Federation of Diamond Bourses, is the ideal body that will not only bundle the efforts by our industry in stimulating consumer desire for diamonds and diamond jewellery, but will also be the catalyst that can open up new employment opportunities for our well established high quality jewellery craftsmanship industry" Dinç stated.

WDM Chairman Alex Popov mentioned that, "The Turkish diamond, gem and jewellery industry and trade is uniquely placed to adopt and implement the WDM's promotional programmes for diamonds and diamond jewellery. As the gateway for trade between Europe, the Middle East and Asia, Turkey, by means of Borsa İstanbul and a significant number of third parties, will play an important role as a WDM ambassador. We expect that on the one hand, Turkey will play a pivotal role in the promotion of diamonds in its target markets, while on the other hand it will be among the first industries to reap the benefits of the WDM's activities.”

WFDB President Ernest Blom, who is also the WDM Vice Chairman, said the agreement with Borsa İstanbul couldn't come at a better time.

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
 
Advertisement
HouseAd_Trade Fair
Search News by City
Advertisement
Kosher 23460
Advertisement
HouseAd_Trade Fair
Recent Issue
2020
AVAILABLE NOW...!
Advertisement
Kosher 23460
News in Pictures
Videos
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: 27588
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 2324
GJEPC Chairman Interview
Views: 24425
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 31964
Promo for IJ Awards 2012 at NDTV Profit
Views: 46191
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 58439
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 18813
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 44940
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 43138
Advertisement
GIA_2020
Advertisement
DW News App
Member of:
Supporter of: