Receiving More Than You Give – The Benefits of Bourse Membership
Why am I a member of the Diamond Dealers Club of Australia (DDCA), and on the executive committee of the WFDB?
At the DDCA, we understand that the local Australian diamond dealer has to deal with trade shows, RAPNET, IDEX, international dealer's websites, and the odd merchant flying in from overseas to sell goods below prices that local merchants can afford to match.
The question is what can, and does, the local diamond dealer provide that these competitors cannot, and what can we do as a club to protect this local interest? It's important to note that we accept that it is a free market and we don’t begrudge anyone of our members or non-members from searching out legitimate goods with full KP compliance from wherever suits them, and at competitive prices.
What we had to confront in Australia (which only accounts for about 1% of total world diamond sales of polished) is how does the local industry deal with these issues?