THE General Assembly of the World Federation of Diamond Bourses has accepted the Moscow Diamond Bourse as its 26th member organization at the World Diamond Congress, in Tel Aviv on June 27, 2006.

The WFDB decision to accept the Russian bourse�s membership was unanimously approved. Newly elected WFDB President Ernest Blom said the Moscow exchange would be a welcome member of the family of bourses.

Thanking WFDB presidents for approving its application, Moscow Diamond Bourse President Lev Polyakov said the new exchange would help develop the Russian diamond and jewelry sector. �We are most grateful and firmly believe that what you have done will help in developing the diamond business in the Russian Federation and in the countries in our region,� he said.