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JA and DCA Agree to Collaborate

Trade groups will be able to align their work, but remain independent.
Jun 8, 2017 6:26 AM   By Rapaport News
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RAPAPORT... Jewelers of America (JA) and the Diamond Council of America (DCA) have decided to work together toward their shared goal of supporting the jewelry industry, the two trade organizations announced Wednesday.

The groups’ boards voted in favor of an affiliation agreement that will enable them to align their missions and operations better, but still be independent bodies, they said. David Bonaparte (pictured) will stay on as CEO of JA, and Terry Chandler will remain CEO of the DCA, which offers professional certifications through distance learning.

Among the benefits the arrangement will offer the groups’ members is the ability to share resources and to expand educational tools for jewelry professionals, the organizations explained.

“I believe that we are stronger together,” said Bonaparte. “As competition for customer attention increases and margins shrink, industry associations like Jewelers of America and the Diamond Council of America offer real value for the jewelry industry.”

The deal will go into effect later this year, pending approval by DCA members at the group’s annual meeting on July 17, and a review by the New York attorney general.
Tags: David Bonaparte, DCA, Diamond Council of America, distance learning, education, ja, Jewelers of America, professional certifications, Rapaport News, Terry Chandler, trade organizations
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