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World Federation Of Diamond Bourses

WFDB Praises AWDC for Multiple Verification Points Call

Press Release

Antwerp, May 30, 2024: The World Federation of Diamond Bourses (WFDB) commends the Antwerp World Diamond Center (AWDC) for its call for multiple verification points outside the G7, in implementation of the G7 Russian diamonds sanctions. The AWDC issued this call in a statement on May 24, 2024, thus effectively aligning itself with the position … 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

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

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