The World Federation of Diamond Bourses (WFDB) announced today that Yoram Dvash, President of the Israel Diamond Exchange (IDE) has been elected as Acting President of the organisation.

“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  Dvash. “In this situation, it is imperative that the diamond industry across the 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, who was named as President designate at an earlier WFDB Congress, was unanimously elected Acting President by the WFDB Executive Committee (ExCo) at a meeting held on Sunday April 19, via Zoom.

“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,” emphasised 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.”

He asked for the global diamond industry to prepare for the period after the pandemic recedes saying: “It is my fervent wish that the entire diamond industry across the world works together unitedly so that we can be prepared for a business life after COVID-19.”