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Blogs by WFDB President

November 2, 2020

How will this holiday season be for the diamond industry?

Dear Friends,

I am writing this letter with optimism and a certain measure of trepidation. We are all hoping for a strong holiday season that will help our industry regain some of the major losses of 2020, and put us back on track for growth in 2021. However, the COVID-19 crisis is still ongoing, and its health and economic effects will certainly be felt in holiday purchases, especially in the US market.

Address by Yoram Dvash at Opening of the World Diamond Congress

September 14, 2020

Dear honoured guests, colleagues and friends,

It is indeed an honor to open the First Virtual and 39th World Diamond Congress. It is certainly a first for the WFDB and IDMA to hold a Congress over the internet, but this year has brought us many firsts, which we have had to learn to live with.

Dear Friends,

There’s Light at the End of the Tunnel

The pandemic is still with us and is continuing to limit how we live and how we do business. Around the world many countries are dealing with a resurge of the virus and a return to stricter measures. From various quarters we are hearing that until there is a vaccine, COVID-19 is here to stay and we must learn to live and work alongside it.

Thankfully the diamond industry is doing just that, and with a certain degree of success. While the first half of the year was almost a complete washout – with declines of about 70% - 80% in imports and exports in some centers – we are seeing some signs of recovery. It is clear that the responsible policies of De Beers and Alrosa of cutting production and showing flexibility toward customers, along with the limited capacity of the Surat manufacturing center has had a positive effect on the diamond pipeline.

LETTER FROM ACTING PRESIDENT

By: Yoram Dvash, Acting President, World Federation of Diamond Bourses

Dear Friends,


The Time Has Come for Governments to Step Up


The coronavirus pandemic has wreaked havoc on the health, social fabric and economies of the world. The disastrous effects of the virus on our health and welfare are matched by its destruction of our livelihoods and economic security. It seems that all branches of the economy are affected; for some the crisis may be a direct hit from which they may never recover.

LETTER FROM ACTING PRESIDENT

By: Yoram Dvash, Acting President, World Federation of Diamond Bourses

Dear Friends,

The summer is here and there is reason for optimism and for concern. First the good news.

The world diamond industry is slowly getting back on its feet. Diamond bourses are returning to activity around the world, with limitations and restrictions brought on by the Coronavirus crisis. Antwerp, the leading rough trading center, opened its bourses in May, as did Ramat Gan.

Most recently Dubai and New York reopened and Mumbai returned with limited capacity.