Positive Outlook Critical In Face of Difficult Challenges, Says Blom

Finance and Trade
19/01/2016 10:14

Despite difficulties the global industry is facing and is likely to continue to see this year, "renewed confidence and an optimistic outlook" is necessary, World Federation of Diamond Bourses President Ernie Blom writes in a commentary in GemKonnect. "We all know that the issues that confronted the industry last year are not going to disappear just because a new year has started, but we must also realize that financial and economic challenges are temporary and it is imperative to retain a balanced outlook.

"What are the issues that will provide the biggest tests to our resolve this year and what do we need to concentrate on? Clearly, financing for our trade will be one; the growth of generic marketing and developments will be prominent this year; and then there is the challenge posed by undisclosed synthetic diamonds along with ongoing concerns about over-grading and the consequent potential damage to consumer confidence," Blom writes in the GemKonnect blog item, before setting out his arguments for how to combat them.