DiamondBuzz
Young Diamantaires transitions into a formal industry association
The Young Diamantaires, a vibrant and rapidly growing collective of diamond and jewelry professionals, has officially transitioned into a formal industry association. Based in Dubai, the organization now boasts a diverse membership of over 500 individuals across 25 countries. This development marks a significant step in the group’s evolution and further positions it as a forward-thinking force within the global diamond industry.
Founded in 2016 during the 37th World Diamond Congress in Dubai, the Young Diamantaires began as a discussion group with a mission to empower the next generation of industry leaders. With a strong emphasis on creativity, innovation, and inclusivity, the association is committed to driving positive change through professional development, sustainability, ethical practices, and the exploration of new opportunities in the diamond and jewelry sectors.
n a landmark move, the group has now been formally established as an industry association. This official recognition underlines its long-term commitment to shaping the future of the diamond industry. The announcement was accompanied by the election of its inaugural board of directors, comprising prominent leaders from key industry bodies across various countries:
David Troostwyk – President, London Diamond Bourse (LDB),Elodie Daguzan – Executive Director, World Diamond Council (WDC),Kevin Vantyghem – President, Vantyghem Diamonds,Melissa Smet – Executive Director, Syndicate of the Belgian Diamond Industry (SBD),Mike Asscher – President, Royal Asscher Diamonds,Rachel Sahar – Founder, R Sahar Diamonds,Shai Schnitzer – President, S Schnitzer Diamonds
This leadership team reflects the association’s global outlook and its commitment to representing diverse voices within the diamond community.
The Young Diamantaires represents a new generation of industry professionals united by a shared passion for diamonds as both a livelihood and a cultural cornerstone. Its members span continents and cultures, embodying a wealth of perspectives that contribute to its dynamic approach to problem-solving and industry development.
The formal establishment of the Young Diamantaires as an industry association marks a pivotal moment for the next generation of diamond professionals. With a strong foundation in innovation, ethics, and global collaboration, the organization is well-positioned to lead transformative efforts in the diamond and jewelry industry, ensuring its relevance and resilience for years to come.
DiamondBuzz
Botswana Says Stable Relationship With De Beers Vital to Diamond Recovery
Botswana Also Wanted to Move Further up the Diamond Value Chain, While Reducing its Economic Dependence on Diamonds Through Manufacturing, Energy, Agriculture, Tourism and Financial Services
Botswana Vice President and Finance Minister Ndaba Gaolathe said a stable relationship with De Beers was crucial to the recovery of the natural diamond market, warning that uncertainty over the partnership had created an opening for lab-grown diamonds.
Speaking at Chatham House on Sept. 17, Gaolathe said Botswana and De Beers had historically worked together during market downturns through rough-diamond stockpiling and marketing.
His comments come as Anglo American seeks to sell its 85% stake in De Beers. Botswana has signalled an interest in increasing its role in the diamond company.Gaolathe said, however, that Botswana’s ambitions went beyond simply increasing its ownership. After decades in the diamond industry, the country had developed expertise across the value chain,
Botswana currently owns 15% of De Beers, while Anglo American is seeking to sell its 85% stake. Botswana has indicated it wants a larger role but would not risk its finances simply to increase ownership, Gaolathe said.
He said Botswana also wanted to move further up the diamond value chain, while reducing its economic dependence on diamonds through manufacturing, energy, agriculture, tourism and financial services.
Botswana Says Stable Relationship With De Beers Vital to Diamond Recovery
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