Dear Friends, We are rapidly approaching the most important season of the year for natural diamonds, the holiday season. Although I remain optimistic about the long-term future of our industry, we are facing complex challenges in the short-term. We need to address these issues and make changes where necessary, even if this is uncomfortable or … Read more
Q. What is the role of the JVC in representing the industry in negotiations about import tariffs? The Jewelers Vigilance Committee’s role is focused on providing legal compliance education and guidance to our membership and the jewelry industry at large. We do not lobby as a general practice, but we do advocate for the industry at … Read more
Headlined by Botswana President Duma Boko, meeting featured Ministers of Mines of Botswana and Angola as well as CEO De Beers and many industry leaders; Botswana, Angola and Qatar to Join WFDB New York, June 12, 2025: The WFDB Presidents’ Meeting 2025 in New York, in cooperation with the Diamond Dealers Club of New York, concluded last … Read more
Antwerp, May 27, 2025: The World Federation of Diamond Bourses (WFDB) Presidents’ Meeting, June 10 – 11 in New York, will feature an illustrious list of speakers, led by Botswana President Duma Boko and U.S. Secretary of Commerce Howard Lutnick and including Angolan Minister of Mineral Resources, Petroleum, and Gas Diamantino Azevedo and Botswana Minister … Read more
Antwerp, May 6, 2025: The World Federation of Diamond Bourses (WFDB) announced today that it stands united with the industry-wide position to request that the US Government grant a tariff exemption for natural diamond imports. The WFDB supports the statement released by the World Diamond Council yesterday, which advocates for an industry-wide strategic exemption for … Read more
Dear Friends, As we all know, 2024 was one of the most challenging years for the diamond industry in the past 30 to 40 years. Excess supply, low Chinese demand and increased sales of synthetic diamonds have all made a significant dent in the natural diamond business. To remedy this, major producers are reducing rough … Read more
Dear Friends, Last month in my President’s Letter, I called for the industry to unite behind a major marketing campaign to create demand for natural diamonds. Others also sounded this call, and for the first time it seems that we have been heard. It seems that we have found the golden formula that would enable … Read more
Dear friends, I just completed a month-long visit to the United States, which included meetings and discussions with colleagues in New York and Los Angeles, as well as participation in the JCK Show in Las Vegas. Many of the WFDB bourse presidents attended the show and it was great to meet up with them again. … Read more
Q. First, can you please introduce us to Borsheims? Borsheims is one of a kind! We are a single store located in Omaha, Nebraska and we’re a big one at that: we’re over 60,000 of retail space and corporate offices. This unique combination has been critical to our business success. As all our employees, warehousing, … 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
