WDC reviews the year 2020!
A year to forget or one to learn from WDC at the year end! Edward Asscher, WDC President inks at the end & said, “As 2020 comes to an end, I am sure you are also asking yourselves-was it a year to forget as quickly as possible, or was it a year from which we have learned a lot?” One should not underestimate the suffering that numerous people have been subject to. The Covid disease caused a general sense of depression, experienced by many, and especially those from younger generations. It also caused great financial burden imposed on companies and individuals, and above all the loss of life of so many, dear to us. This indeed makes it a period that one would prefer to forget. But 2020 was also characterized by industry’s enduring resilience. Retail sales did dip, but then rebounded, even in countries where infection and casualty rates were high. Never before have we seen such a fast fall in polished diamond inventories and such a rapid return in demand. S...