Diamond business needs a different model?
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...