The presidents of World Federation of Diamond Bourses (WFDB) affiliated exchanges worldwide are making preparations ahead of the 2015 Presidents Meeting in Tel Aviv set to take place from June 14 to 16. WFDB President Ernie Blom says the bi-annual gathering of the presidents of the organization's 30 bourses will be one of the most important ever held in light of the issues facing the global diamond trade.
"Rarely have we had to deal with so many challenges and so it is critical that all the bourse presidents attend to present their particular perspective and to hear the input from their colleagues across the globe," Blom said. "At the WFDB, we are totally focused on the problems that our members are facing, and gatherings such as the June meeting present us with an ideal opportunity to discuss what moves we can take to try to resolve them satisfactorily.
"The shortage of industry financing and declining profitability is undoubtedly the most pressing issue that our members – who are the heart and soul of the diamond industry
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