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Trade Organisations

WFDB mulls future objectives

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The World Federation of Diamond Bourses (WFDB) has concluded a three-day programme of meetings in Antwerp, revealing a strategy on the future mission of WFDB in the diamond trade. 

The strategy meeting, which included facilitator-led discussions, debated and agreed on themes that connect the WFDB and the international diamond trade’s past and present with agreed new objectives on WFDB’S future mission in the growing diamond industry.

The result of the discussion encompassed a wide-ranging output of agreed WFDB priorities including the diamond ecosystem of banking, profitability, compliance, certificates, shipping, disciplinary measures and the WFDB support for generic marketing and global diamond promotion through the World Diamond Mark.

Ernie Blom, WFDB president, said: “The WFDB has agreed to immediately broaden and deepen its ongoing dialogues and cooperation with all key stakeholders in the international diamond trade.

“The WFDB believes strongly in a profitable, expanding and respected global diamond business that will maintain its place in the world of luxury goods with diamond as a benchmark product that delights, dazzles and brings pleasure to many millions of consumers around the world”.

A statement from the WFDB said it will be stepping up communication efforts to provide the market and observers with ongoing reports and news of its activities and plans.

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