President of the Israel Diamond Exchange, Yoram Dvash, has been appointed to head a new committee of the World Federation of Diamond Bourses (WFDB) designed to undertake strategic initiatives to advance the global industry.

The new committee, and appointment, was announced during the World Diamond Congress in Mumbi, which concluded last week with a call for the body to boost its global presence.

Dvash says he is very pleased to lead this important initiative.


He comments: “The Israel Diamond Exchange has introduced groundbreaking measures to advance the local industry. We have enhanced the transparency of the industry, increased cooperation with governmental authorities and have introduced the first Ethical Code of Conduct in a diamond exchange. We have also taken several steps to harness the power of technology and innovation for the good of the industry. We are excited to lead the world industry to greater levels of transparency, relevance and achievement.”

As the World Diamond Congress closed, WFDB president, Ernie Blom, called on members to work together to help make the trade body stronger.

He shares: “Each president and member is an ambassador for the WFDB and the diamond trade and the good that diamonds do and needs to communicate this both in the countries in which they operate and when abroad. We have an enormous amount of knowledge, experience and intellect among our presidents and that should be used to find ways for us to further boost our global role.”