Headlines

WFDB CLARIFIES: DIAMOND EXCHANGE OF SINGAPORE (DES) IS THE ONLY WFDB AFFILIATED DIAMOND BOURSE IN SINGAPORE

Antwerp : June 19, 2012- World Federation of Diamond Bourses (WFDB) President Avi Paz clarifies WFDB’s position with regards to the recent opening of the Singapore Diamond Exchange.

Recent press articles have reported on the opening of the Singapore Diamond Exchange (SDX), a platform for private investors to invest into diamonds as an asset class. The SDX is not to be mistaken for the Diamond Exchange of Singapore (DES), which is the first Asian member of the WFDB.

WFDB PRESIDENT AVI PAZ CALLS MEETING ON DISCLOSURE ISSUE SYNTHETIC DIAMONDS

Antwerp : June 4, 2012- World Federation of Diamond Bourses (WFDB) President Avi Paz convened a meeting on the burning issue of “undisclosed synthetic diamonds” in Las Vegas, yesterday, June 3.

The gathering was a technical conference involving leading parties of the international diamond community: the World Federation of Diamond Bourses, the International Diamond Manufacturers Association (IDMA), DTC and leading diamond certification laboratories.

LONDON DIAMOND BOURSE ELECTS COUNCIL OF MANAGEMENT

Antwerp : May 23, 2012- The London Diamond Bourse has announced the new composition of its council of management for the term 2012-2014.

The board of directors or council of management of the London Diamond Bourse was elected as follows:

DIAMOND DEALERS CLUB OF SOUTH-AFRICA RE-ELECTS EXECUTIVE COMMITTEE

Antwerp : March 5, 2012- The Diamond Dealers Club of South Africa has announced that all members of its Executive Committee have been re-elected for a new term.

According to the statutes of the Diamond Dealers Club of South Africa, elections are annually to select serving board members. In the recent elections, all the DDC board members were re-elected.

WFDB President thanks NGOs for their contribution to KP, expresses disappointment at Global Witness' disengagement

December 7, 2011: Avi Paz, president of the World Federation of Diamond Bourses (WFDB) expressed the WFDB's appreciation for the vital contribution civil society has made to the Kimberley Process, and in particular singled out the NGO Global Witness for its efforts since the KP was founded in 2003. However, he expressed his disappointment with the decision by Global Witness to disengage from the KP.

WFDB president praises KP agreement on Marange, but warns all parties not to squander the opportunity

November 3, 2011: World Federation of Diamond Bourses (WFDB) President Avi Paz has praised Kimberley Process (KP) members following their decision this week on the issue of exports of diamonds from the Marange region of Zimbabwe. He voiced the WFDB's hope that the decision will enable a period of stability for members of the diamond supply pipeline.

WFDB president Avi Paz calls upon rough diamond trade regulators to "respect and abide by the Kimberley Process core principles"

October 25, 2011: On the eve of the 2011 Plenary of the Kimberley Process Certification Scheme (KPCS), the President of the World Federation of Diamond Bourses, Avi Paz, is making a strong appeal to the delegations of the 75 governments to "live up to and abide by the organization's core principles." The KPCS is regulatory system to assure that the diamond trade and industry can operate confidently in a market free from so-called 'conflict diamonds'," notes Paz.

Following resignation of Diamond Dealers Club president, WFDB urges club to reorganize and install new leadership

September 22, 2011: World Federation of Diamond Bourses (WFDB) President Avi Paz issued a statement today following the resignation of Moshe Mosbacher, president of the Diamond Dealers Club of New York (DDC).