Congratulating Honorary WFDB President Shmuel Schnitzer on his election as Chairman of the Israel Diamond Institute (IDI), World Federation of Diamond Bourses (WFDB) President Ernie Blom noted that during challenging times for the global industry it was critical that experienced and well-known industry figures continue to play a role in leading its major organisations.

"I would like to congratulate Shmuel not only on his election, but also for his willingness to continue to provide his vast knowledge and experience of our industry for the benefit of the trade," said Blom. "Shmuel has only just finished his fourth term overall as President of the Israel Diamond Exchange and has also served as WFDB President. He is now serving as the Chairman of the WFDB's Trade and Business Committee and his knowledge of the issues is invaluable. It is not always easy to find the time to serve the industry, but Shmuel has the concept of public service built into him and has always been willing to help the Israeli and global diamond trade.”

He further added that, “I look forward to being able to call on Shmuel's assistance in the coming years and I applaud him for taking on another big industry challenge. The Israeli diamond industry will benefit hugely from having him as head of the IDI."