DDC and Antwerp Bourse Members Attending International Diamond Week

“The diamond business is changing fast,” said IDE president Shmuel Schnitzer. “However, the business model of the diamond exchange remains valid. All we have to do is enhance it and make it work better for our members. We are doing this with the IDW model in Israel while our colleagues in New York and Antwerp are developing their own models. And wherever there is synergy, we cooperate, gladly and purposely.”

"In each market, bourses are developing their own initiatives," Marcel Pruwer, president of the Antwerp Diamond Bourse (Beurs voor Diamanthandel) said. “As bourse president, I am first of all looking to bring added value to our members. In Antwerp, we're doing so by – successfully – expanding our marketing efforts toward the downstream markets, around the world.”

Pruwer added that through cooperation the bourses and other industry forums will be stronger and in a better position to continue building a thriving and industry.

“These initiatives are not about re-inventing the wheel, on the contrary. We know we have a great vehicle and great people who are using it,” said DDC president Reuven Kaufman. “We simply need to make it work better, faster, more efficiently and more profitably. And as long as it drives business to all parties' satisfaction we will continue to fuel it.”