Trade Organization

IDE Invites WFDB Exchanges to Participate in Diamond Week

The Israel Diamond Exchange (IDE) wants members of its 29 sister diamond bourses affiliated to the World Federation of Diamond Bourses (WFDB) to participate in the February 8-12, 2015 Winter edition of its International Diamond Week.

IDE President Shmuel Schnitzer, who served as WFDB President from 1998-2004 and is also a WFDB Honorary Life President, said that the International Diamond Week is an ideal platform to create added value for bourse members across the globe.

Open Letter From WFDB President Ernie Blom

The diamond industry is facing a serious challenge to its integrity which could lead to major consumer confidence problems, if diamonds are sold with overstated certification. I want to stress that this is an industry problem that must be resolved by the industry in order to retain consumer confidence in our product and sustain and develop the international diamond trade.

Zimbabwe Diamond Conference To Feature Top Diamond Industry Speakers

The Second Zimbabwe Diamond Conference to take place next month will present the progress made by the country's diamond industry following its admission as a member of the Kimberley Process Certification Scheme in 2011. The importance to the global diamond industry of the developing Zimbabwe diamond trade is shown by the planned attendance of leading African mines ministers and diamond industry leaders.

Chinese Visitors To Hong Kong Not Deterred By Political Protests

Visitors to Hong Kong from Mainland China for the Golden Week vacation do not appear to have been deterred from visiting as a result of the political protests in the former British colony.

India's GJEPC Denies Sector Selling Diamonds At Large Discounts

The Gems and Jewellery Export Promotion Council (GJEPC) says media reports out of India that some diamantaires are selling polished goods at discounts of 5-20 percent due to financing issues as a result of the closure of the Antwerp Diamond Bank (ADB) are incorrect. The GJEPC said the reports were "false and baseless".

EGL South Africa Head Upset With RapNet EGL Decision

EGL South Africa Managing Director Alan Lowe has issued a statement regarding his lab in response to a RapNet press release issued on September 9 regarding its suspension of EGL diamond certificates.

However, the Global Diamond Portal is inviting members of the diamond industry around the world to continue uploading their diamond stocks to the site, regardless of the certificate with which they are provided.

Israel Diamond Exchange Postponing International Diamond Week

The Israel Diamond Exchange (IDE) said it is postponing the summer edition of the International Diamond Week that was scheduled to be held from September 1 to 4.

The IDE quoted the continuing tensions in the region as the reason for the postponement.

In a statement IDE President Shmuel Schnitzer said: "In view of the recent events in our region, the board of the Israel Diamond Exchange decided to postpone the International Diamond Week, originally scheduled to be held September 1-4, for several weeks.

Belgian Polished Exports Up On Year In July

Belgian exports of polished diamonds in July rose to $1.381 billion from $1.322 billion a year before, according to figures published by the Antwerp World Diamond Centre (AWDC).

Exports in volume terms last month totaled 756,043 carats, from the figure of 696,684 carats in July 2013.

Exports rose by 35.6 percent in carat terms on the figure for June and increased by 1.4 percent in dollar terms.

DDC, GJEPC Happy With First Indian Diamond Week

Organizers of the first India Diamond Week held at the Diamond Dealers Club (DDC) in conjunction with the Gems & Jewellery Export Promotion Council (GJEPC) have praised the success of the event.

Significant business transactions and new connections were made on the DDC’s Trading floor by U.S. and overseas participants, including DDC members and exhibitors from abroad, the DDC said in a statement.

GIA Head Susan Jacques To Be Guest Of Honor At Israel Diamond Week

The Israel Diamond Exchange (IDE) reports that GIA President and CEO, Susan Jacques, will be the guest of honor of the International Diamond Week to be held September 1-4.

Jacques was invited to attend the show by IDE President Shmuel Schnitzer.

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