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A Guide to Succeeding in the Diamond Industry

Kevin Vantyghem, a second-generation dealer and vice president of Vantyghem Diamonds, shares his top tips on how to make it in the trade.

August 1, 2023  |  Kevin Vantyghem
Kevin Vantyghem 1280 USED 080123

Continuous learning: The diamond industry is complex and ever evolving. Embracing a mindset of continuous learning is crucial to staying updated on industry trends, gemology, cutting-edge technologies, and business practices. Be open to learning from experienced professionals and seek opportunities for professional development.

Integrity and ethics: In an industry where trust is paramount, maintaining high ethical standards and integrity is essential. Customers and industry partners value honesty and transparency, so conducting business with integrity will help build a strong reputation and lasting relationships.

Adaptability: The diamond market can be subject to fluctuations, and influenced by various economic, social, and political factors. Being adaptable and agile in response to changes can help young diamantaires navigate challenges and capitalize on emerging opportunities.

Networking and relationship building: Building a robust network within the industry is invaluable. Attend trade shows, conferences, and industry events to meet potential clients, suppliers, and partners. Strong relationships can lead to referrals and collaborations, enhancing business prospects.

Attention to detail: Diamonds are precious and valuable gems, and the industry demands precision and meticulousness. Developing a keen eye for detail when evaluating and grading diamonds can set young diamantaires apart from the competition.

Innovation and creativity: Embrace innovation and creative thinking to differentiate your business. Whether it’s in marketing, design, or customer experience, finding unique approaches can attract customers and spark interest in your offerings.

Patience and long-term vision: Success in the diamond industry often requires patience. Building a reputable brand and clientele takes time. Adopt a long-term vision for your business, focusing on sustainable growth and enduring success.

Resilience: The diamond industry, like any other, has its challenges and setbacks. Developing resilience to bounce back from failures and setbacks is crucial. Learn from mistakes and use them as opportunities for growth.

Global perspective: The diamond industry operates on a global scale, with diamonds sourced, cut, and sold internationally. Understanding different cultures, markets, and regulations is vital for expanding your business beyond borders.

Passion and love for diamonds: Finally, a genuine passion and love for diamonds can be a driving force behind your success. When you are genuinely enthusiastic about what you do, it shows in your work, and others are more likely to be drawn to your enthusiasm.

By adopting these principles, young diamantaires can position themselves for a successful and fulfilling journey in the diamond industry. Remember that success may not come overnight, but with dedication and perseverance, it is attainable.

Kevin Vantyghem is a member of the Young Diamantaires, a project launched in 2016 that numbers more than 300 diamond industry members from around the world.

Image: Kevin Vantyghem. (Vantyghem Diamonds)


Kevin Vantyghem 1280 USED 080123 A Guide to Succeeding in the Diamond Industry

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