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Antwerp Bans Lab-Grown from Trading Floors
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The Federation of Belgian Diamond Bourses has introduced aban on lab-grown sales in Antwerp’s four trading halls. While synthetics trading is still rare in Antwerp, theumbrella group took action last month because it views the exchanges...
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Polished Markets
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Oct 10, 2019
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Joshua Freedman
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WFDB Prepares Master Plan to Boost Relevance
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There was a time, though not very recent, when a gathering of the World Federation of Diamond Bourses (WFDB) was graced by royalty and high-ranking politicians, recalled industry consultant Peter Meeus at the organization’s annual Presidents’...
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Polished Markets
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Oct 07, 2019
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Avi Krawitz
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Blom Urges KP to Define Systemic Violence
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The war on conflict diamonds will remain at a standstilluntil the industry can agree on what constitutes systemic violence, according to World Federation of Diamond Bourses (WFDB) president Ernie Blom. The lack of agreement on the matter is preventing...
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Polished Markets
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Jul 29, 2019
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Leah Meirovich
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Peter Meeus to Advise WFDB on Synthetics
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The World Federation of Diamond Bourses (WFDB) has hiredPeter Meeus as an external adviser. He will be responsible for helping theorganization fine-tune its position on lab-grown diamonds and other industrymatters. Synthetic diamonds are a huge concern in the...
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Polished Markets
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Jun 27, 2019
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Leah Meirovich
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Synthetics: Coming to a Bourse Near You?
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The rise of lab-grown diamonds might finally be tricklingthrough to the historic heart of the trade: the diamond exchanges.It began last November, when Anoop Mehta, president ofMumbai’s Bharat Diamond Bourse (BDB), told Rapaport News...
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Polished Markets
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May 14, 2019
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Joshua Freedman
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Blom Urges Joint Effort to Mend South Africa Trade
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World Federation of Diamond Bourses (WFDB)president Ernie Blom has called for the industry and government to collaborateand rebuild South Africa’s diamond trade following massivedownsizing of the industry. “The diamond sector worldwide has flourished...
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Rough Markets
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Feb 18, 2019
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Rapaport News
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WFDB Signs Deal with Korea Bourse
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The World Federation of Diamond Bourses (WFDB) has agreed tohelp promote business for the Korea Diamond Exchange (KDE). The trade bodies signed a cooperation agreement inJohannesburg, South Africa, last week, with the...
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Polished Markets
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Feb 12, 2019
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Rapaport News
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IDMA, WFDB Consider Joining Forces
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The International Diamond Manufacturers Association(IDMA) is considering an alliance with the World Federation of DiamondBourses (WFDB) in response to the crisis in the global cutting sector. “With the changes in the diamond-manufacturing sector’s landscape,as well as due to the...
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Manufacturing
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Nov 05, 2018
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Joshua Freedman
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WFDB Names Shanghai Bourse Chief as VP
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Lin Qiang has succeeded Yoram Dvash as vice president ofthe World Federation of Diamond Bourses (WFDB), with the latter taking on a newrole as head of a strategic body.Qiang has served as president of the Shanghai Diamond Exchangesince its...
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Polished Markets
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Nov 01, 2018
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Rapaport News
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CIBJO Urges Diamond Consultation with FTC
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The World Jewellery Confederation (CIBJO) has proposedit work with other industry groups to consult with the US Federal TradeCommission (FTC) over its fiercely debated diamond terminology.Industry leaders attending the October 15 to 17CIBJO Congress...
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Polished Markets
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Oct 23, 2018
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David Brough
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Industry Hopes to Appeal FTC Rulings
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The World Federation of Diamond Bourses (WFDB) intends to persuade the Federal Trade Commission (FTC) to change its decision regardingthe description of a diamond. In its new jewelry guidelines, the FTC stated the term“diamond” does not...
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Polished Markets
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Jul 29, 2018
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Rapaport News
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Peter Meeus to Head World Diamond Mark
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The World Federation of Diamond Bourses (WFDB) has appointedPeter Meeus as chairman of its World Diamond Mark (WDM) program. Meeus — who will take over from Alex Popov — was president of the DubaiDiamond Exchange from...
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Polished Markets
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Jul 15, 2018
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Rapaport News
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World Diamond Congress Set for Mumbai
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The 2018 World Diamond Congress will take place in Mumbai inlate October, the World Federation of Diamond Bourses (WFDB) said last week. The meeting of the WFDB and the International DiamondManufacturers Association (IDMA)...
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Polished Markets
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Jul 01, 2018
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Rapaport News
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WFDB Asks Ernie Blom to Remain as President
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Ernie Blom is poised to serve another two years as president ofthe World Federation of Diamond Bourses (WFDB), after Yoram Dvash turned downthe role. “The executive of the WFDB at their meeting [in Germany inMarch] asked...
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Polished Markets
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May 16, 2018
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Joshua Freedman
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Diamond Groups Call Off Israel Summit
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Industry leaders have canceled next month’s World Diamond Congress in TelAviv, citing low registration and the likely impact ofgeopolitical tensions in the region. The World Federation of Diamond Bourses (WFDB) and theInternational Diamond...
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Polished Markets
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May 10, 2018
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Rapaport News
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Blom Diamonds Set for $4M Takeover
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Blom Diamonds, a cutting and polishing firm owned by seniorindustry figure Ernie Blom, has agreed to be acquired by Australia’s TycheanResources for up to $4.1 million (AUD 5.5 million).Under the deal, Tychean will issue shares worth about$206,352...
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Manufacturing
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Jan 25, 2017
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Rapaport News
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Diamond Industry Now Banking on Legitimacy
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The diamond industry has added several layers of legitimacy this year as more companies are complying with standards set out by banks, regulators and suppliers, even if they’re still burdened with a “high-risk” profile. Bringing...
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Financial-Legal
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Dec 08, 2016
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Avi Krawitz
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KP Eyes Consensus on Rough Valuation
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The Kimberley Process (KP) chair will hold a forum in Dubainext week aimed at finding a consensus on the criteria for evaluating roughdiamonds.The event will take place at The Westin Dubai, Al Habtoor City, onNovember 13 on the first...
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Rough Markets
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Nov 09, 2016
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Rapaport News
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WFDB Unveils New Roster of Leaders
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The World Federation of Diamond Bourses (WFDB) announced anew executive committee, selecting Mehul Shah as treasurer-general. Shah, vice-president of Mumbai’s Bharat Diamond Bourse, takesover from longstanding officeholder Dieter Hahn, while Rony Unterman continuesas...
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Polished Markets
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Jun 07, 2016
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Rapaport News
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‘Young Diamantaires’ Aim to Nurture Next Generation
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The World Federation of Diamond Bourses (WFDB) set up aninternational program to develop the future generation ofdiamond dealers.The ‘Young Diamantaires’ initiative was introduced at the 37th WorldDiamond Congress in Dubai in May and will be led by Rami...
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Polished Markets
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Jun 01, 2016
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Rapaport News
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