World Federation of Diamond Bourses
The WFDB (World Federation of Diamond Bourses) is the global representative body for diamond exchanges, comprising member bourses and trading forums worldwide, including key participants in the UK market. It sets standards for trading ethics, certification, dispute resolution, and industry advocacy—shaping how diamonds are bought, sold, and regulated. Jewellery Focus provides specialist coverage on WFDB’s influence within the UK trade: including its regulatory guidance, membership services, anti-money laundering initiatives, ethical sourcing frameworks, and dispute-settlement mechanisms. We highlight how WFDB policies affect UK retailers, wholesalers, and diamond dealers, offering insights on compliance, market access, and best practice in the international diamond trade.
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May- 2018 -10 MayEvents
Rising Middle East tension forces World Diamond Congress to cancel
The World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA) have announced that due to rising tension in the Middle East, the World Diamond Congress has been cancelled. The 38th World Diamond Congress due to be held in Tel Aviv, Israel, from 19 to 21 June…
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May- 2016 -31 MayTrade Organisations
WFDB launches Young Diamantaires programme
The World Federation of Diamond Bourses (WFDB) has launched the Young Diamantaires programme at its recent 37th World Diamond Congress in Dubai. The project, which came out of discussions held by the WFDB’s Promotion Committee, aims to promote ongoing communications between younger diamond industry members and reaching out to new…
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18 MayTrade Organisations
New LDB president appointed as Harry Levy named chairman
The London Diamond Bourse (LDB) has appointed Menachem Prager as its new president, simultaneously creating a new chairman role. Current president Harry Levy has been appointed to the newly created position. Former vice-president Prager, who is the principal of a successful diamond company, has been a member of the bourse…
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Apr- 2016 -27 AprilEvents
Industry financing to top agenda at World Diamond Congress
“Critical” information on financing for the diamond industry will be at the top of the agenda at the 37th World Diamond Congress to be held in Dubai on 16-19 May. The biennial meeting of the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA) will have…
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Feb- 2016 -19 FebruaryCurrent Affairs
WFDB warns of synthetic diamonds fraudulently marked as natural
The World Federation of Diamond Bourses (WFDB) has announced it has been informed that a vendor on online wholesale trading platform, Alibaba, is offering fraudulent diamonds. WFDB said the vendor is offering CVD lab-grown synthetic diamonds inscribed with the numbers of genuine GIA-graded natural diamonds reports. The seller on Alibaba,…
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Nov- 2015 -3 NovemberTrade Organisations
WFDB announces new ‘strategic direction’
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…
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Sep- 2015 -22 SeptemberEconomy
Ernie Blom: ‘Trade can feel positive’ ahead of holiday season
World Federation of Diamond Bourses (WFDB) president Ernie Blom believes the global diamond trade “can be positive” ahead of the upcoming holiday sales. Blom said that initial indications from the September Hong Kong Gems and Jewellery Fair were that it had been “solid”. Meanwhile, price cuts by De Beers and…
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Jul- 2015 -30 JulyAppointments
WFDB appoints Louise Prior to executive director
The World Federation of Diamond Bourses (WFDB) has announced that it has appointed Louise Prior to the newly created position of executive director. Formerly a senior executive at De Beers, where she was responsible for strategic development and implementation and management of global sightholder services, Prior will take responsibility of…
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28 JulyTrade Organisations
Ernie Blom praises new ISO standard for diamonds
President of the World Federation of Diamond Bourses (WFDB), Ernie Blom, has praised the release of a new ISO standard for diamonds. ISO International Standard 18323: Jewellery – Consumer confidence in the diamond industry, provides a series of definitions which aim to provide clarity for traders and to maintain consumer…
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Jun- 2015 -24 JuneOpinion
SOAPBOX: Over-grading must be stamped out
The global diamond industry is currently facing a range of tough challenges. But, says ERNIE BLOM, the issue of apparent over-grading of diamonds by some labs must be treated as a priority. As you would expect from an organisation such as the World Federation of Diamond Bourses (WFDB), which represents…
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