IDMA Congress focusing on financing

Conversations with Industry Leaders on March 28  

IDMA Congress to be held during the afternoon of March 28 at the D-Mall, participants will be discussing, among other topics, the State of the Diamond Market, including the diamond and diamond jewelry retail markets in the U.S., and the relationship – or the lack thereof - between diamonds and LGDs. 

One of the modules of the Conversations with Industry Leaders to be held during the 40th IDMA Congress in the afternoon of March 28 will revolve around, Financing and Technology in the Diamond industry. 

Three conversation participants will share the stage: Pranay Narvekar of Pharos Beam Consulting, a renowned diamond industry analyst; Ophir Gore, Director of Diamonds, Precious Stones & Jewelry Administration at Ministry of Economy & Industry, Israel; and David Block, CEO of Sarine Technologies.  

The three will discuss the industry's financial health, the changing landscape of the financial institutions and bodies that service the diamond industry and trade, and the interwoven relationship between financing and diamond technology.  

"For diamond manufacturers, financing rough acquisitions, manufacturing, and stock holding is one of their biggest challenges. Therefore, it is an ever-recurring topic in our biennial industry deliberations." IDMA President Ronnie VanderLinden said. "We're glad to have three distinguished speakers on the topic!"  

Finance is always at the forefront of a manufacturer's mind, said Nissim Zuaretz, President of the Israel Diamond Manufacturers Association (IsDMA). "We need to pay upfront for rough, finance the manufacturing stages, and extend credit to our buyers. In other words, manufacturers find themselves between the hammer and the anvil. The classic banking solutions and services are well known but have become more difficult to acquire. Therefore, I am looking forward to hearing more about alternative routes for financing our operations!" he added.  

IDMA's 40th Congress is sponsored and co-organized by the Israel Diamond Manufacturers Association (IsDMA) and the Israel Diamond Institute (IDI).





 

Comments

Post a Comment

Popular posts from this blog

AI, virtual reality & big data impacts on industry

Image
CIBJO Technology Committee publishes the Report!     With just six days to go to the opening of the 2023 CIBJO Congress in Jaipur, India, on October 3, 2023, the tenth and final edition of this year’s pre-congress special reports has been released. Prepared by the CIBJO Technology Committee, headed by Stéphane Fischler, the report looks at the impacts of new technologies on the jewellery industry, and in particular those related to artificial intelligence, virtual and augmented reality, and big data.   “We need to learn as we move along, investing in digital infrastructure and talent, and using the data we capture in a legal and optimal fashion,” Fischler writes. “To prosper in this brave new world, we have to innovate in order not to be left behind.”   All of the various system discussed are dependent on the availability of data, collected via the Internet, and also increasingly from the data generated by the new technologies being introduced, he states. “But it is not enough t
Read more

BFC & Pandora announce the fashion awards

Image
Ties principal partnership for TFA 2023 The British Fashion Council (BFC) is delighted to welcome Pandora, the world’s largest jewellery brand, as the Principal Partner of The Fashion Awards 2023 (TFA) taking place in London on Monday 4th of December at the Royal Albert Hall.  The BFC and Pandora will work together to evolve TFA 2023 presented by Pandora as a global entertainment platform, celebrating fashion's role at the intersection of culture and entertainment, spotlighting creative talent and telling the stories of the year in fashion through the lens of purpose, excellence and creativity. The event also serves as the primary fundraiser for the BFC Foundation.   
Read more

GJEPC championing talent, celebrate design & craftsmanship

Image
The 7th Artisan Jewellery Design Awards held in Mumbai   The 7th edition of The Artisan Jewellery Design Awards, hosted by the Gem & Jewellery Export Promotion Council (GJEPC) and powered by GIA, challenged designers to tap uncharted territory by integrating unusual materials and cherished objects into their jewellery designs, to infuse their pieces with a unique identity.   Actress and style icon Sonam Kapoor graced GJEPC’s 7th edition of Artisan Jewellery Design Awards in Mumbai and presented awards to winners. Sonam Kapoor graced the stage with an aura of elegance and charisma along Vipul Shah (Chairman, GJEPC); Kirit Bhansali (Vice Chairman, GJEPC); Sriram Natarajan (Managing Director, GIA India); Milan Chokshi (Convener, Promotions & Marketing, GJEPC); Sabyasachi Ray (Executive Director, GJEPC) bestowed the coveted awards upon 6 Artisan winners.  This year the theme for the Artisan Jewellery Design Award were two unconventional themes - Objet Trouvé (Found Objects) and
Read more