KPCS meeting should live up to core Kimberley Process mandate

World Federation of Diamond Bourses president Avi Paz made a strong call on Tuesday for the delegations of 75 countries attending the Kimberley Process Certification Scheme (KPCS) plenary to “respect, live up to and abide by” the core mandate...

WFDB’s Paz believes KP will allow Marange exports to resume

The World Federation of Diamond Bourses (WFDB), as the diamond trade's chief watchdog, said on Friday it would continue to give its full support to the Kimberley Process (KP) and any future decision to allow Zimbabwe to resume rough diamond...

WDC hopes to resolve Zim diamonds issue at upcoming KP meeting

While the trade status of Zimbabwe’s diamonds remained uncertain, the World Diamond Council (WDC) was “hopeful and optimistic” that a decision would be reached at the upcoming Kimberley Process (KP) meeting, in the Democratic Republic of...

Kimberley Process to be focus of attention 
at World Diamond Congress

With many mining companies reporting that diamond demand levels are close to prerecession levels, the 34th World Diamond Congress, to be held in Moscow, Russia, will begin on a more positive note.

WFDB issues stern warning on Zimbabwe diamond trade

President of the World Federation of Diamond Bourses, Avi Paz, has warned its members that they could face disciplinary measures if they were found buying diamonds from Zimbabwe’s Marange diamond fields. He urged the WFDB members not to...

Gem sales, prices stabilising – WFDB president

The World Federation of Diamond Bourses president Avi Paz says that with the close out of the second quarter of 2009 and a full three quarters since the onset of the global financial crisis, diamond prices and sales appear to be slowly stabilising.

Daily podcast – May 29, 2009

In today's podcast: diamond prices and sales appear to be stabilising; and South African mineworkers would face even harsher times over in the coming months as job losses were expected to accelerate in the next quarter.

WFDB president sees diamond prices stabilising, market recovering

Diamond prices and sales appear to be stabilising with consumers realising that the “sky has not fallen in”, says World Federation of Diamond Bourses (WFDB) president Avi Paz. He said in a note published on the WFDB website, that the diamond...

WFDB welcomes DTC decision to sell to secondary market

The World Federation of Diamond Bourses (WFDB) has welcomed the initiative by the rough diamond-selling arm of De Beers, the Diamond Trading Company (DTC), that it will explore the option of making available rough goods not taken up by DTC...

Panama prepares to launch new diamond exchange

Top Panamanian government officials and diamond and jewellery industry leaders will gather in the country later this week for the official launch of the Panama Diamond Exchange. The exchange, which will be Latin America' first and only complex...

Diamond body urges members to boycott Venezuela gems

Do not buy diamonds from Venezuela or face expulsion, the World Federation of Diamond Bourses (WFDB) warned its members on Wednesday. This came after the South American country earlier this month suspended itself from the Kimberley Process (KP),...