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BASELWORLD 2010 – Europe Headed for Recovery
BASELWORLD - 2010 concluded after eight successful days on 26 March, 2010.
By: Diamond World News Service
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May 6 2010 4:36PM
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Reference: 4921  

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Responsibility is Good Business :

The Israeli Diamond Industry presented its new strategic approach for 2010, during its ceremonial annual press lunch, in which, Israel Diamond Institute Group of Companies (IDI) Managing Director Eli Avidar introduced the new campaign: “Responsibility is Good Business”. Also, guest speaker, Israel’s Deputy Minister of Industry, Trade and Labor MK Orit Noked, delivered a talk on Israel’s status as a centre for world trade, especially for the diamond trade, and the importance it places on responsibility in international trade. Israel is chairing the Kimberley Process during 2010, and the Ministry of Industry, Trade and Labor represents Israel in the Process.

Exhibitors speak ….

Ephraim Zion , DEHRES :

For us it is a quite show, the traffic is not so much . The prices in loose diamonds have gone up by 25-30% from the bottom last year. Goods like 1ct – 3ct are a lot in demand .
I think that we had a very busy Hongkong Show week, full of buyers and real sales that could also be a reason for less traffic here in loose diamond section. Europe side is generally slow and would pick up slowly .
On prices I believe that 1-5ct could be more strong while 5ct up should remain steady.
The challenge to companies like us are both sides to sell as well as to buy. The fancy shapes and fancy colors in big sizes there is big shortage.

Dinesh Sanspara , JR DIAM Group

We deal in briolette and diamond beads which are not a very common product in the market; so, the prices are stable in these goods . The show I think is better then last year but still not so great as it should be. We have been exhibiting for past 6 years in basel and generally we found lot of new customers from US and Europe .
But now this show is not looking cost affective to us and we may have to re-think in future.
Two sided whole briolette is very much in demand and moving strongly .

Bhavin Mehta , GEMBEL EUROPEAN SALES

We have been coming to Basel more than 9 years now. I believe this Show has its own leadership. There are less people this year but quality buyers are there in the show and they are buying in good quantities . 1-3 cts. is very strong .
Buyers are cautious and definitely price-resistance is there. We are offering a lot of different designs high end jewellery pieces and they are moving well. I feel the Middle-East and Far-East are more promising than Europe.
If no adverse event took place then the market would be very strong in the season time.

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