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World Federation Of Diamond Bourses

WFDB Online Trading Platform Takes Industry by Storm

 Get Diamonds has become the biggest success story in the world industry

Within 5 weeks it has doubled the number and value of diamonds listed – to over 1,200,000 diamonds, worth almost $ 6 billion

Just a month and a half after the World Federation of Diamond Bourses (WFDB) acquired the digital trading platform Get Diamonds from the Israel Diamond Institute, the platform has grown to become the world’s largest B2B diamond digital marketplace. Today the number of diamonds listed is over 1,200,000, with total value of over $6 billion, and the WFDB is investing great efforts to continue to grow the platform.

The WFDB’s acquisition of Get Diamonds was born out of the realization that there is an urgent need for a diamond trading platform that will strengthen the trade, not profit from it. Get Diamonds is non-profit, independent and transparent, and it complies with antitrust laws. The platform will reinvest its profits into projects that support and grow the diamond trade, including the generic marketing of diamonds.

Yoram Dvash, newly elected Acting President of the WFDB and President of the Israel Diamond Exchange said, “The COVID-19 crisis has almost completely halted international travel and major industry events have been canceled. Diamantaires have traditionally based their business on visiting clients and attending international trade shows, but the pandemic has necessitated a change. With the launch by the WFDB of Get Diamonds as an international platform we are offering the industry a convenient way to continue to trade worldwide.”

The response has been overwhelming – in five short weeks Get Diamonds has become the world’s leading online B2B diamond trading platform, with 5.5 million stones listed. To meet demand, Get Diamonds is being translated into several languages: English, Hebrew, Chinese and Russian are already available and Arabic is on the way.

Get Diamonds has received excellent feedback from key players in the world diamond industry, who have endorsed the platform and are signing up their members. These include Mr. Lawrence Ma, founder and chairman of the Diamond Federation of Hong Kong and China (DFHK) and Dr. Gaetano Cavalieri, President of CIBJO – the World Jewellery Confederation The site is now focused on expanding its user base to retailers, and is currently in negotiations with the largest retail jewelry association in the United States