34th World Diamond Congress to be held in Russia

Russia will be hosting its very first and the 34th edition of the World Diamond Congress slated for July 11-13 in Moscow. The event is planned over two and a half days, with the plenary and working sessions being held over a 24-hour period.

The event is the biennial congress of the World Federation of Diamond Bourses (WFDB) and its sister organisation, the International Diamond Manufacturers Association (IDMA). WFDB President Avi Paz said. "More than ever before, the role of the WFDB and the added value the organisation needs to bring to its member bourses will be at the centre of our discussions," Paz said. "Therefore, I hope that we will be greeting delegations of all 28 bourses that are affiliated to the WFDB, and I look forward to the working sessions where we'll take forward plans to advance the diamond business in what is now called the 'new normal' economy. In particular, I hope to enhance the role of the smaller bourses within the WFDB, and encourage them to become more proactively involved in the global efforts that the WFDB is pursuing".

"As part of the extensive agenda, we'll have the elections of the WFDB Executive Committee, and there will be the discussions and vote of the general assembly on the admission of the South Korea Diamond Exchange to the ranks of our organization. In other words, we'll have to work fast and we'll need to be very effective and decisive," WFDB Secretary-General Michael Vaughan noted. The 34th edition will be coordinated by the Moscow-based WFDB affiliated bourses, the Diamond Chamber of Russia (DCR) and the Moscow Diamond Bourse (MDB).