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New De Beers CEO: Diamond Industry Must Collaborate to Overcome Challenges

Published

9 years ago

July 13, 2016

INSTORE Staff

He says that members of the trade must be willing to change.

New De Beers CEO Bruce Cleaver called for industry collaboration to address the diamond sector’s challenges in a recent blog post that was his first public statement since taking the helm, Rapaport writes. Cleaver, according to the article, wrote that “Partnerships have secured our past successes. Partnerships are the cornerstone of the business. And partnerships will define our future.” He added that the industry must be willing to change, noting that volatility in the global economy has become the “new normal.”

Family Legacy, New Chapter: How Wilkerson Turns 89 Years of History Into Future Success

After 89 years of serving the Albany community, Harold Finkle Your Jeweler faced a pivotal decision. For third-generation owner Justin Finkle, the demanding hours of running a small business were taking precious time away from his young family. "After 23 years, I decided this was the time for me," Finkle explains. But closing a business with nearly nine decades of inventory and customer relationships isn't something easily managed alone. Wilkerson's comprehensive approach transformed this challenging transition into a remarkable success story. Their strategic planning handled everything from advertising and social media to inventory management and staffing — elements that would overwhelm most jewelers attempting to navigate a closing sale independently. The results speak volumes. "Wilkerson gave us three different tiers of potential goals," Finkle notes. "We've reached that third tier, that highest goal already, and we still have two weeks left of the sale." The partnership didn't just meet financial objectives—it exceeded them ahead of schedule.