WFDB De­bates Way For­ward At Vladi­vos­tok Sum­mit

Solitaire - - SPECTRUM -

The cur­rent role of the World Fed­er­a­tion of Di­a­mond Bourses (WFDB) and how it can move for­ward was among the dis­cus­sions at its Asian Sum­mit/ Ex­ec­u­tive Com­mit­tee meet­ing held in Vladi­vos­tok. The wellat­tended meet­ing saw around 40 rep­re­sen­ta­tives from across the world tak­ing part, said WFDB pres­i­dent Ernie Blom.

Blom noted, “The strong at­ten­dance en­abled us to re­ceive ex­tremely wor­thy in­put at our dis­cus­sions. We are very keen to see how we can for­ward the role of the WFDB on the global stage. The Fed­er­a­tion is by far the largest di­a­mond in­dus­try body and the di­a­mond trade’s go-to group.

“We also were de­lighted to have mem­bers of the Kim­ber­ley Process re­view mis­sion to Rus­sia at the meet­ing. They filled us in on the or­gan­i­sa­tion’s work, and we dis­cussed a broad range of in­dus­try top­ics. The WFDB Ex­ec­u­tive re­it­er­ated their sup­port for the World Di­a­mond Coun­cil’s Sys­tem of War­ranties and the Strate­gic Plan which are cur­rently un­der re­view.

“We also passed an im­por­tant res­o­lu­tion re­lat­ing to the US Fed­eral Trade Com­mis­sion’s re­cently pub­lished Jew­elry Guide­lines and the change to the nomen­cla­ture,” said Blom.

“We re­peated our stance that the only def­i­ni­tion of a di­a­mond that we sup­port is the one agreed upon last year by the WFDB, IDMA, CIBJO, the In­ter­na­tional Di­a­mond Coun­cil and the In­ter­na­tional Stan­dards Or­gan­i­sa­tion.

“On be­half of at­ten­dees of the Asian Sum­mit and the Ex­ec­u­tive Com­mit­tee meet­ing, I would like to place on record our thanks to the Mos­cow Di­a­mond Bourse (MDB) and Al­rosa for host­ing the event. May I also thank the Gov­ern­ment of the Far East­ern re­gion, the Head of the Repub­lic of Sakha (Yaku­tia) and the City of Vladi­vos­tok, as well as rep­re­sen­ta­tives from the min­istry of fi­nance of the Rus­sian Fed­er­a­tion for their sup­port and for gra­ciously tak­ing part. It has be­come in­creas­ingly clear that this Far East­ern Rus­sian city is be­com­ing ever more im­por­tant as a base for the di­a­mond in­dus­try.

“We are now look­ing for­ward to the World Di­a­mond Congress which will take place in Mum­bai from Oc­to­ber 23-25 gather­ing del­e­ga­tions from di­a­mond bourses and or­gan­i­sa­tions from across the globe,” Blom added.

WFDB pres­i­dents and of­fi­cials tak­ing part in the Asian Sum­mit. (From left) Reuben Khafi, Hanro Friedrich, Yo­ram Dvash, Me­hul Shah, Lin Qiang, Caro­line Yuan, Rami Baron, Mar­tine De Bruyne, Ernie Blom, Alex Popov, Rony Un­ter­man, Lawrence Ma, Julien Dry­booms and Henry Ho.

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