The sudden death of Freddy Hager, president of the London Diamond Bourse and Club, and Deputy Treasurer of the World Federation of Diamond Bourses has had the global gem and jewellery industry greatly moved at the loss. The Board of the International Diamond Manufacturers Association (IDMA), issued a statement stating: IDMA president Moti Ganz, Secretary General Ronnie VanderLinden, and Treasurer Stephane Fischler, and the IDMA membership, join the global diamond community in mourning Freddy Hager, who passed away unexpectedly last week. May his memory be blessed. "Freddy was first of all a friend," said IDMA president Ganz. "His qualities were many and without exception endeared him on all in the communities he lived and worked in “Ganz stated.

Also, Diamond Dealers Club of New York president Moshe Mosbacher said, "Freddy will missed throughout our industry, and especially in New York and at the DDC, where he spent a great deal of time in recent years”. He further mentioned, "He was a role model to all of us who were fortunate enough to know him. Words cannot describe the sorrow.”