Is a Tsunami Coming? The Diamond Dilemma

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Is a Tsunami Coming? The Diamond Dilemma

New York:  An educational and provocative presentation, entitled “Is a Tsunami Coming? The Diamond Dilemma”, was moderated by The Plumb Club’s Executive Director, Lawrence Hess on Wednesday, March 2, 2022, in the auditorium of the newly launched Jewelers Resource Center. 

Renowned panelists included Elliot Tannenbaum of Leo Schachter, Dave Meleski of The Richline Group (a Berkshire Hathaway Company) and Sue Rechner of WD Lab Grown Diamonds. The discussion focused on industry issues, as well as external issues that spur volatility and impact diamond pricing. Additionally, they discussed various diamond niche markets and the wave of change we are seeing with the emergence of lab grown diamonds and gave their thoughts on how a retailer can remain competitive and still maintain margin.

View the Recording of this Presentation Below 


Dave Meleski

Dave Meleski, president and CEO of Richline Group has expanded the business in his tenure to a multinational operation across four continents. He has held a key executive role with the firm for over 15 years. Prior, Meleski was the president, CEO and managing partner for Aurafin, having started there in 1992 and then selling it to Berkshire Hathaway in 2007.

Elliot Tannenbaum


Elliot Tannenbaum, Senior Principal, Leo Schachter Diamond Group, has directed and managed every aspect of Leo Schachter’s integrated businesses since he joined the group in 1974. He is responsible for building their branded diamond business in the U.S. and abroad which has helped to differentiate them from other diamond manufacturers.

Sue Rechner


Sue Rechner, CEO of WD Lab Grown Diamonds. Under Sue’s leadership, WD has executed a strategic acquisition and became the first company in the diamond industry to be granted the “Certified Sustainable” and “Certified Climate Neutral” designations. A strategic and seasoned professional, Sue has held a number of key executive roles in the jewelry industry and other industries for over 25 years.