Antwerp, May 16, 2024: The World Federation of Diamond Bourses (WFDB), the association of the world’s major diamond bourses, and the Shanghai Diamond Exchange (SDE), the only designated platform for diamond import and export in China, signed a Memorandum of Understanding yesterday to promote the development of the diamond market in China. The MOU follows … Read more
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
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
