The World Federation of Diamond Bourses (WFDB) has agreed a new strategic direction at its recent meeting in Idar-Oberstein, Germany.
In a discussion about how the organisation can increase its global footprint, the WFDB talked about expanding its membership by accepting associate and other members.
The WFDB also discussed the introduction of a global communications strategy, which it said would make it “the authoritative trade organisation of the diamond industry”.
On the issue of new members, the executive committee meeting accepted a proposal to enable the creation of sub-committees to create forums for new associates and nation-affiliated members.
Ernie Blom, president, said: “We take our leadership position very seriously, and in a rapidly changing world we need to carefully examine how we boost it further by adding other representatives of the diamond pipeline.
“They are interested in being affiliated to the WFDB and our members will benefit from their input.”
Blom commented that the organisation held an “exhaustive review” of its operations and what its future direction should look like. He said that this is just the first step and the organisation needs to move quickly to implement a new strategy.
He added: “The business environment moves rapidly and we want to be the clear voice of the industry for the media, government bodies and other organisations.”