GJ Town India

Are we able to adopt a different business model? Recently Ronnie VanderLinden, President-IDMA asked a question to diamond business that Are we able to adopt a different business model? Further inks, first, let us take a quick look at who we are. The International Diamond Manufacturers Association (IDMA) was established in 1946, shortly after World War II. The association was formed to help diamond manufacturers pick up the pieces in the aftermath of this destructive war. In Amsterdam, where my family is originally from, few of the Jewish cutters and traders returned from the Nazi death camps, and sadly, the City of Diamonds never regained its former glory. In Antwerp, the situation was not much better, but due to its unique role as the world’s rough diamond trading and distribution hub, the Scheldt City slowly but surely was able to rebuild itself. In Ramat Gan, the budding diamond manufacturing began exponential growth, and soon diamonds became a major and vital exp...

Change will come only if it is Brought on by a unified industry! Jeffrey Fischer, Honorary President, IDMA recently made a call for diamond industry to stay United! He inks,  It’s only human nature: we find ourselves driving way too fast down the highway, rushing to our destination – a destination we may or may not be anxious to get to. Suddenly traffic slows to a crawl, forcing us to slam our foot on the brakes.   Eventually, we pass the scene of a horrific car accident. We think “that could’ve been me… I’m going to slow down and be more careful.” But the moment we no longer see the accident in our rear-view mirror, we forget about it and slam our foot down on the gas pedal to make up for lost time. Undoubtedly, this human trait is one of the contributors to the recent spikes in the coronavirus here in the US and around the globe. We are too impatient to return to “normal.” It is abundantly clear to most of us that this pandemic will be all the more harmful ...