Ernie Blom, President, WFDB has stepped aside from his post. According to a report by JCK, the resignation comes shortly after Blom's company, Ernest Blom Diamonds has been involved in a litigation with a WFDB-member hourse, the Dubai Diamond Exchange, in a dispute over the jurisdiction of an arbitration.
Yoram Dvash, President of the Israel Diamond Bourse, was unanimously elected as the Acting President of the World
Federation of Diamond Bourses (WFDB). “The diamond industry like all other industries is going through a very difficult time due to the coronavirus pandemic that has struck so much devastation in human, as well as business terms, across the world,” said Yoram Dvash, the newly elected Acting President.
“In this situation it is imperative that the diamond industry acrossvthe world be united in the goal to restore it to its glory days, once the pandemic has receded and some semblance of normalcy returns to the globe.” Dvash’s election took place at a meeting of the Executive Committee of the WFDB held via Zoom. Dvash had already been named President Designate at a previous Congress of the WFDB.
“The WFDB is at a very historical moment as we have only recently launched the Diamond Trading Platform, Get Diamonds, which has already become the largest such platform,” stated Dvash. “It is a time when it is absolutely essential for the diamond industry to stand together like never before to ensure the welfare of the entire diamond industry.”