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World Federation Of Diamond Bourses

Interview with Varda Shine, Chair of the Board of Directors, Petra Diamonds

Varda-Shine

Q. In addition to your role as Chair of Petra Diamonds, you serve on other corporate boards. What are your current positions in the diamond industry?                                        My current portfolio in the diamond industry includes holding the position of Chair at Petra Diamonds PLC and being a Lead Director (and Remuneration Committee chair) at Sarine Technologies. … Read more

WFDB Presidents’ Meeting in Shanghai Emphasized Working Together

President’s Letters

Dear Friends, Bourse presidents from around the world came together in Shanghai in early March for WFDB 2024 Presidents’ Meeting. This was an opportunity to discuss the most pressing issues facing the industry – the G7 restrictions, synthetic diamonds, and the lackluster Chinese market, which we did in expert panels, presentations, and intensive working sessions. … Read more

WFDB Concludes Successful Presidents’ Meeting in Shanghai

Press Release

Ramat Gan, March 11, 2024: The World Federation of Diamond Bourses (WFDB) concluded its annual Presidents’ Meeting for 2024, held in Shanghai, China. The three-day meeting explored the most pressing issues facing the world diamond industry – the G7 restrictions, synthetic diamonds, and the lackluster Chinese market — with expert panels, speeches, and discussions. The … Read more

The WFDB and the G7 Sanctions

President’s Letters

Dear Friends, On February 24, 2023, the G7 Countries (USA, Canada, Germany, France, Italy, UK & Japan – along with the EU) made a statement regarding restrictive measures on Russian Diamonds. They stated that they would work closely to engage key partners in the diamond industry. This was followed up by another statement on May … Read more

Interview with Ahmed Bin Sulayem, Chairman of the Kimberley Process and Executive Chairman of the DMCC

Ahmed Bin Sulayem

Q. This is your second term as Chair of the KP. How will this term differ from your first in 2016? As Kimberley Process Chair for 2024 my focus will be very clear: to solidify the KP’s ability to operate autonomously and with greater efficiency.  We are driving forward a ‘year of delivery’ for the … Read more

WFDB Commends French Government on Lab-Grown Term Ban

Press Release

The World Federation of Diamond Bourses (WFDB) would like to commend the French Ministry of Economy and Finance for its decision to ban the use of all terminology other than synthetic for non-natural diamonds. The decision means that the use of the term lab-grown or cultivated diamonds will not be legal in France. Yoram Dvash, … Read more

Let’s work together on the challenges of 2024

President’s Letters

Dear Friends, The year 2023 was a difficult one for the world diamond industry. There was a significant decline in demand, especially for mid-range sizes. The challenging global economic situation and high-interest rates impacted demand, although perhaps this was a case of the market correcting itself after the splurges in diamond and jewelry spending in … Read more

WFDB Response to G7 Statement on Russian Diamonds

Press Release

Antwerp, December 18, 2023: The World Federation of Diamond Bourses (WFDB), which represents 27 diamond bourses and close to 30,000 bourse members worldwide, reiterates its support for the objectives of the G7 to restrict the import of rough and polished diamonds originating in Russia. The WFDB will continue to cooperate with the G7, the World … Read more