Q. Can you briefly introduce yourself and your role at the Natural Diamond Council? My career has focused on building and sometimes rejuvenating global luxury fashion and accessories brands through digital innovation, consumer insight and storytelling, and disruptive thinking! What drew me to the Natural Diamond Council is the opportunity to work with a category that already … 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
Dear Friends, The diamond industry is undergoing a very challenging time, with demand, especially for natural diamonds, declining significantly. The Chinese market has slowed down almost to a standstill and economic developments in the United States have raised the cost of living and left many with less disposable income. Moreover, natural diamonds are being challenged … Read more
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
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 cultivated or lab-grown diamonds will not be legal in France. Yoram Dvash, … Read more
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
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
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
Dear Friends, Lately, we have been dealing with some very important matters on behalf of the WFDB, which has raised the profile of the organization, and which are likely to have a significant impact going forward. Partnership with NDC First, we have formed a partnership with the Natural Diamond Council (NDC), to jointly support the … Read more
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
