Diamond Industry Figures Discuss Sales Slowdown

Finance and Trade
04/09/2015 09:13

Leading diamond and jewelry industry figures took part in a debate on the challenges facing the business on September 3 at the Eastern Economic Forum meeting in Vladivostok. The panel session, called New Development Drivers of Global Diamond Business in Asia Pacific, looked at the current state and future prospects of the diamond industry and was hosted by Russian diamond miner Alrosa.

The session featured Ari Epstein, CEO of the Antwerp World Diamond Centre, Vipul Shah, Chairman of Gem & Jewellery Export Promotion Council (GJEPC), and Ernie Blom, President of World Federation of Diamond Bourses. They discussed the reasons for the global diamond and jewelry market slowdown and the impact of macroeconomic factors, the problems of industry financing and manufacturing business profitability.