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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

WFDB Commends French Government on Lab-Grown Term Ban

Press Release

The World Federation of Diamond Bourses (WFDB) would like to commend the French Ministry of Economy and Finance for its decision to ban the use of all terminology other than synthetic for non-natural diamonds. The decision means that the use of the term lab-grown or cultivated diamonds will not be legal in France. Yoram Dvash, … 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

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

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

WFDB Enters into Partnership with Natural Diamond Council

Press Release

World Federation of Diamond Bourses to Join Natural Diamond Council in Effort to Support the Natural Diamond Industry New York, NY – May 4, 2023: Recognizing increased consumer demand as being critical to the prosperity of the natural diamond industry, the World Federation of Diamond Bourses (WFDB) has entered into a partnership with the Natural … Read more

Interview with David Kellie, CEO of the Natural Diamond Council

David Kellie - Interview

Q. What are your current titles/functions in the diamond industry? I’m the CEO of the Natural Diamond Council (NDC). The NDC (formerly the Diamond Producers Association) is the global industry body responsible for inspiring consumers and sharing the values of the natural diamond industry. Q. Tell us about your professional journey, how you came to … Read more