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Dear Colleagues and Friends,
The US diamond trade is about to go on its summer holidays, and this is a good time to wish all our members and their staff a well-deserved vacation!
Did you know that our association is more than 90 years old?
In 2006, on the occasion of the DMIA's 75th anniversary, US Senator Chuck Schumer wrote this in a letter: "… the DMIA represents the leading diamond manufacturers, importers and dealers in the United States. The DMIA works hard to promote the highest standards of ethics, integrity and professionalism in the American marketplace."
That statement is still accurate. It is up to us to continue and live up to its truth. Mayor Michael Bloomberg wrote at the time that 47th Street, or Diamond & Jewelry Way "bestowed international prestige on our city's business community, and boosted our economy in numerous ways."
We're taking our holidays at a time of global economic uncertainty and political turmoil that affect our trade, too. What will the implications for the coming winter holiday sales season be? Will institutions such as the Kimberley Process that regulate the rough trade survive? How will a divided diamond industry ensure it can continue to regulate and present itself and its products ethically and responsibly? Never a dull moment!
We'll come back to all of this after the summer. In the meantime please enjoy whatever time you take off and I hope that any summer travel is not as frustrating for you as what is being predicted.
Stuart Samuels,
President
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