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World Federation Of Diamond Bourses

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

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 the G7 Statement on Russian Diamonds

President’s Letters

Dear friends, The G7 countries released a statement on December 6 which sets forth import restrictions on Russian diamonds from January 1, 2024 and further restrictions as of March 1, 2024, as well as calling for a traceability-based verification and certification mechanism for rough diamonds in a single-entry point in the G7 by September 1, … Read more

Expect a Soft Holiday Season and G7 Sanctions

President’s Letters

Dear Friends, As we enter the busiest season for the world diamond industry, the major diamond centers are facing weak demand. In Israel trading is slow due to the war. The freeze on rough imports has provided some relief to India, but Surat is operating at a fraction of capacity. In Belgium trading is steady … Read more

A Nation’s Tragedy and a Wake-Up Call for the Free World

President’s Letters

Dear Friends, So much has been reported and spoken about the horrific events of October 7, 2023. The sheer evil of the Hamas terrorists and the heinous crimes they committed on innocent civilians has been and is still being documented. Israel mourns the 1400 women, men and children murdered, and is anxiously awaiting the 212 … Read more

Let’s Join Together to Support Natural Diamonds

President’s Letters

As we celebrate the Jewish New Year, we traditionally look back on the events of the past year. We try to learn from them and to take action that will create a better outcome in the new year.   The past year has been especially challenging for the world diamond industry. There are a few … Read more

Our Industry is Changing and This is Good

President’s Letters

Dear Friends, We just concluded the 40th World Diamond Congress in Israel. The previous Congress was held virtually, by Zoom, at the height of the Corona virus pandemic in September 2020. This Congress marked the first opportunity to bring so many of our friends together. The theme was “Change and Innovation in the New Diamond … Read more