Dear Friends, As we come to the end of a particularly challenging year for the global diamond industry, I would like to pause for a moment, look back and, most importantly, look ahead. There is no doubt that the past year has presented us with a complex reality: slowing demand, geopolitical pressures, regulatory changes, market … Read more
Q) What impact does the US market have on India’s gem and jewellery exports? A: In FY 2024-25, India’s gem and jewellery exports to the US stood at USD 9.97 billion, accounting for about 33% of India’s total exports of around USD 30 billion to the world. In other words, nearly one-third of India’s gem and … Read more
Dear Friends, The diamond industry is currently at a critical juncture. The meteoric rise in the penetration of synthetic diamonds into the market – which began as a marginal phenomenon – has become an unprecedented flood that threatens the value, image and future of the natural diamond. The data speaks for itself: In less than … Read more
Q. What is the role of the JVC in representing the industry in negotiations about import tariffs? The Jewelers Vigilance Committee’s role is focused on providing legal compliance education and guidance to our membership and the jewelry industry at large. We do not lobby as a general practice, but we do advocate for the industry at … Read more
Dear Friends, Last week, on June 10 and 11, we held a very successful Presidents’ Meeting in New York, hosted by the Diamond Dealers Club of New York, led by President Elliot Krischer, with illustrious speakers such as Botswana President Duma Boko, Botswana Minister of Minerals and Energy Bogolo Kenewendo, Angola Minister of Mineral Resources, … Read more
Antwerp, April 21, 2025: The World Federation of Diamond Bourses applauds the Young Diamantaires upon becoming an independent non-profit organization. Established in 2016 as an informal group under the umbrella of the WFDB, by then WFDB Promotion Committee Chairman Rami Baron, YD has taken the official step of becoming a non-profit industry association. WFDB President … Read more
Dear Friends, Signs of Spring are all over and the earth is emerging from its winter slumber. Spring signifies renewal and we are indeed seeing certain early signs of renewed growth in the diamond industry. The latest Hong Kong show was better than expected, and we saw improved sentiment and some increased demand in the … Read more
A few weeks before the Hong Kong show, the Hong Kong and China markets started to pick up after the Chinese New Year holiday. Sales and sentiment improved significantly. The Southeast Asian market also performed well over the past year, with local economies in countries like Thailand, Indonesia, the Philippines, and Cambodia showing strong growth. … Read more
Dear Friends, We just completed a holiday season that showed mixed results for the natural diamond industry. Sales of natural diamond jewelry were stable, and independent jewelers outperformed large chains. However, synthetic diamonds continued to successfully compete with natural diamond market share. At we look forward to 2025, it seems that demand for natural diamonds is … Read more
WFDB Launches “Moments” Social Media Campaign for Natural Diamonds Tagline of the campaign is “Crafted by Earth, Celebrated by You” The World Federation of Diamond Bourses (WFDB) has launched a social media campaign to promote natural diamonds. Called “Moments” the campaign celebrates the emotional significance of natural diamonds in life’s most cherished memories. The first post … Read more
