Amsterdam (NL) has been known as the Diamond capital of the world.

Well, at least it used to be an important trading center for diamonds. Until a couple of years back. The market slumped: fewer and fewer people bought.

Until recently. The world economy is getting stronger. The Chinese are making their mark. And they not only look at diamonds, but they also buy as well, according to Gassan, a leading diamond trader in Amsterdam
Diamonds are seen as a status symbol, much more so than in the Netherlands. Status is a Masculine trait, the Chinese do score relatively high on this Hofstede dimension (66). The Dutch are relatively feminine (14).
Plus, according to a Gassan spokesperson, when one Chinese buys, others will buy too! This in turn reflects the collective nature of the Chines culture (20 on Hofstede´s IDV dimension), whereas the Western Europeans and Americans are relatively individualistic (scores of 70 and higher).

With the right “cultural approach” companies like Gassan diamonds can probably earn more than they are currently doing.

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About Peter van der Lende

Peter van der Lende International business development

Peter has joined forces with Culture Matters.

Because he has years and years of international business development experience joining forces therefore only seemed logical.

Being born and raised in the Netherlands, he has lived in more than 9 countries of which most were in Latin America.

He currently lives in Atlanta, Georgia (USA) with his family.

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Chris Smit
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