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WFDB launches campaign to unite the industry on concerns regarding the G7 restrictions on diamonds

The World Federation of Diamond Bourses (WFDB) has launched a campaign to unite the industry in presenting its concerns regarding the proposed G7 restrictions on diamonds.

The WFDB has sent out a letter (appended below) today to the G7 and EU government representatives, detailing the challenges that the “one import node” solution creates for the industry. In addition to the signature of Yoram Dvash, President of the WFDB, the letter has been signed by Feriel Zerouki, President of the World Diamond Council (WDC), Vipul Shah, Chairman of the Gem & Jewellery Export Promotion Council of India (GJEPC), and Ronnie Vanderlinden, President of the International Diamond Manufacturers Association (IDMA).

WFDB President Yoram Dvash said, “With the current legislation enacted by the G7 countries, the WFDB has been working hard to find a consensus within the industry regarding the situation we find ourselves in. Sanctions should work in the right direction, punishing the intended party and not the entire industry.”

Presidents and members of the 27 diamond bourses within the WFDB and members from all sectors of the trade will also be invited to add their names.

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