The Rapaport International Diamond Conference (IDC) took place in 2010 on Thursday, October 21st at The Times Center, New York. The one day conference held annually in New York City is renowned for identifying the important trends in the diamond industry. The topics of this year’s conference were “Diamond Demand” and “Human Rights and the Diamond Industry – The Way Forward.”

“Diamond Demand”

The future of the diamond industry is about demand. Who will our customers be? What, will they buy? And most importantly why will they buy? While globalization will continue to impact our markets, the greatest challenge will be to understand the demographics of the next generation of diamond consumers. Whether it is in the U.S., China or India – opportunities await those that take the time and make the effort to truly understand what motivates their customers.

“Human Rights and the Diamond Industry – The Way Forward”

The afternoon session was devoted to finding reasonable and pragmatic solutions to ethical problems confronting the diamond industry. The challenge facing the trade is not just recognizing the problems, but solving them. Experts in the field of business and human rights, law and ethics participated in open discussions.

“Over the next few years diamond demand will be more important than diamond supply. Those that anticipate and meet the needs of their customers will prosper, while those that don’t won’t. Understanding diamond demand is the key to your success.”

“The diamond trade needs to confront the problem of human rights head on. Instead of complaining about the problem, it’s time for us to focus on solutions and identify the way forward for ourselves and our industry,” said Martin Rapaport, Chairman of the Rapaport Group.


Funds received from conference attendees went to the Fair Trade Jewelry Association, a U.S. based 501(c)(3) charitable organization.