Sourcing

WFDB Names Executive Director of B2B Trading Platform Get-Diamonds

SourcingMar 24, 2022

WFDB Names Executive Director of B2B Trading Platform Get-Diamonds

The platform also announced it will start holding polished diamond tender events.

Get-Diamonds’ new executive director, Eyal Shirazy
Antwerp, Belgium—The World Federation of Diamond Bourses has appointed Eyal Shirazy as the executive director of its B2B polished diamond trading platform, Get-Diamonds. 

Shirazy has held several management positions in the digital world, including serving as the chief digital officer for investment and holding company Shlomo Sixt Group, where he managed all digital assets of the company and its marketing. 

He started his career in the digital sphere in tourism, pioneering the creation of the first tourism trade site, WFDB said. 

Shirazy holds a bachelor’s degree in management and a master’s degree in computer science. 

“We are very pleased that Eyal is leading Get-Diamonds,” said WFDB President Yoram Dvash. “We are confident that the knowledge and experience he brings will make Get-Diamonds the most technologically advanced trading platform in the diamond industry.”

Shirazy said, “I am excited to join this industry that is hungry for digital change. My goal is to make Get-Diamonds the primary platform for large and small businesses, to provide all of the easy-to-use tools that will make Get a one-stop shop.” 

WFDB launched Get-Diamonds in April 2020, with the motto “By the industry, For the industry.”

Profits generated from the site will be invested in projects that benefit the industry, like generic diamond marketing.

 Related stories will be right here … 

It currently lists more than 1.6 million diamonds from 4,600 vendors, with a total value of over $6.6 billion.

In May 2021, Get-Diamonds signed a new long-term agreement with high-tech company Lucy Platforms. 

The company also just announced it will launch online tenders for polished diamonds on its platform, managed by the industry experts at Hennig. 

Using AI technology, the process starts with the selection of the most in-demand, competitively priced polished diamonds on the Get-Diamonds platform. 

Suppliers will then be able to approve the selected diamonds up to five days prior to the event. The tender catalog will be released 24 hours prior to the tender opening; all items inside will be available for bidding once the tender begins.
 
When the event ends, a diamond is sold if a bid matches or exceeds the reserve price set by the supplier. If bids are lower than the reserve, the supplier can choose to accept or decline the offer. 

Brecken Branstratoris the senior editor, gemstones at National Jeweler, covering sourcing, pricing and other developments in the colored stone sector.

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