World Federation of Diamond Bourses (WFDB) President Ernie Blom believes the forthcoming JCK Show in Las Vegas will express that the U.S. market is solid and provides a strong base at a time of varied challenges for the global diamond industry. The show is slated between May 29-June 1.

"With other large markets proving to be somewhat weak currently, it is critical that the United States continues to serve as a strong anchor," said Blom. "I don't think anyone believes the results will be spectacular, but we can expect to see a reasonable level of trade. There is a danger of an over-reliance on the American market which is not helpful; however it remains by far the most important country in the world in terms of diamond jewelry sales.” He expects “a return to stronger sales figures, both in the United States, as well as in the developing countries, but the show can provide a shot of optimism for the global trade and that is important.”

He opined that the show would be a barometer for the global diamond industry to know the state of the markets currently. He added, “with the Presidents Meeting of the WFDB and the International Diamond Manufacturers Association (IDMA) taking place two weeks later, the presidents will have a clearer picture of the strength and direction of the market." The Presidents Meeting will be held in Tel Aviv from June 14 to 16.