Headlines

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).

By Rami Baron, president of the Diamond Dealers Club of Australia (DDCA) as published in Jewellers Trade

Don't Stand Still

September 7, 2011: So, what are the big topics in the diamond industry today? Some of you may have heard of the RJC - Responsible Jewellery Council. This is an organisation which is well funded by some of the big diamond producers looking to set a whole new standard of accreditation in the diamond industry. Although a number of high profile businesses have signed up to become accredited, it is a costly, seemingly complex and time consuming task.

Bourse elections held at Tokyo Diamond Exchange Inc.

September 5, 2011: The Tokyo Diamond Exchange Inc. announced the Board of Directors as of July 2011, naming Hidetaka Kato as Honorary Dean, Michio Iwasaki as President and Nobuhiro Imanishi as Vice President.

Bourse elections held at Diamond Federation of Hong Kong

August 29, 2011: The Diamond Federation of Hong Kong, China Limited announced the Executive Committee for 2011 through 2013, naming LEUNG, Sik Wah as honorary life president, MA, Y.Y. Lawrence as president and CHOW, W.S. Winston as Chairman. Other appointments include:

WFDB mourns the death of diamond broker Gerald Rothschild

August 16, 2011: The World Federation of Diamond Bourses has paid tribute to Gerald Rothschild, who has died in Germany at age 86. Mr. Rothschild was a veteran DTC diamond broker, who served as managing director at I. Hennig & Co., and in 1995 set up his own brokerage office.