|
|
Steady Activity on Day One of Israel's Diamond Week
Aug 27, 2013 4:39 AM
By Sonya Burlan
|
|
|
RAPAPORT... The U.S. and International Diamond Week opened Monday, helping lift the mood in the Israel Diamond Exchange (IDE). Steady activity on the first day of trading raised expectations that strong visitor traffic would translate into sales later in the week.
“To be honest, the mood all over the world is kind of quiet, but the whole world is looking at us,” said Yair Sahar, the president of IDE. “I believe that people will spend money here. I already know of businesses done early in the morning, before the opening.”
While there was a fair amount of action on the trading floor, there seemed to be a general consensus that the international economic sentiment and market mood has been unstable, at best, this past year.
Roberto Coin, the CEO of Roberto Coin SpA, noted that the mood across the globe is confused, influencing companies to focus on being more efficient. He stressed that trade must work to acquire more credibility given the changing trends in the market. "The world is changing and fashion is changing. And the younger generation does not necessarily love the same jewelry as their parents do,” Coin explained.
Reuven Kaufman, the president of the Diamond Dealers Club of New York, noted that events such as the U.S. and International Diamond Week helped bring business back to the trading floor. Today, business transactions mostly happen behind office doors or computer screens and events that encourage interpersonal buying help foster interpersonal relationships between traders and buyers, he explained.
Kaufman signaled that the U.S. economy is strengthening and may even gain some momentum in the months ahead. “We see the larger important chains in the U.S. are ordering nicely for Christmas already, so we are very optimistic about this season. I think sales will be good.”
|
|
|
|
|
|
|
|
|
|
Tags:
diamonds, Israel, Rapaport, Sonya Burlan
|
|
|
|
|
|
|
|
|
|
|