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
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
Reflecting on the ongoing G7 sanctions on Russian diamonds and its expected impact on an already shaky diamond and jewellery market, I am reminded of an old episode of the podcast ‘Cautionary Tales’ by Tim Harford. The episode dealt with the story of the Torrey Canyon disaster. For those of you too young to know … 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, 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
