It will quit assigning the stones specific color and clarity grades in favor of applying “new descriptive terminology.”
Yoram Dvash Elected WFDB President
The diamantaire stepped in as acting president in April and was officially elected during a virtual World Diamond Congress meeting.

Antwerp, Belgium—Diamantaire Yoram Dvash has been elected president of the World Federation of Diamond Bourses.
He is the owner of manufacturing and trading company Y. Dvash Diamonds Ltd. and is currently serving his second three-year term as president of the Israel Diamond Exchange.
Dvash is also on the WFDB executive committee.
He stepped in as acting president in April after Ernie Blom stepped down after eight years.
Dvash was officially elected to serve a three-year term during a World Diamond Congress online session.
Lin Qiang, president of the Shanghai Diamond Exchange, and Moshe Salem, president of the Diamond Club West Coast in Los Angeles, were elected to serve as vice presidents.
Rony Unterman was re-elected secretary-general and Mehul Shah was re-elected treasurer-general.
RELATED CONTENT: WFDB Selects Board for New Diamond Trading Platform
Dvash said that while the COVID-19 pandemic has made this year difficult, there is a return to normal demand in major markets, and noted that the diamond industry had its share of problems before the virus.
“The industry has been suffering from a lack of profitability, a shortage of financing and reduced demand. It needs to transform to meet the demands of the twenty-first century. That means adopting the values of the day—transparency, sustainability and consumer confidence. It means working together with regulators to create rules and measures that benefit all.”
The WFDB’s open sessions are available to watch on YouTube.
The Latest

From design trends to sustainability, here’s a roundup of can’t-miss education sessions at JCK Las Vegas.

The Jewelers’ Security Alliance offers advice for those attending the annual trade shows.

When investing in your jewelry business, it's important not to overlook the most crucial element of success: the sales associates.

Her new role is director of strategic initiatives.


The entrepreneur and “Shark Tank” star will share his top tips for success.

The designer is embracing bold pieces with weight to them in “AU79,” a collection she celebrated with a creative launch party.

More shoppers are walking out without buying. Here’s how smart jewelers can bring them back—and the tool they need to do it right.

On an earnings call, CEO J.K. Symancyk discussed what’s working for the company and how it’s preparing for the potential impact of tariffs.

The index partially rebounded after months of decline, due in part to the U.S.-China deal to temporarily reduce import tariffs.

The actress stars in the latest campaign set in Venice, Italy, and is set to participate in other creative initiatives for the jeweler.

The company has joined other labs, including GIA and Lotus Gemology, in adopting the Chinese term for "jadeite jade."

Located in Bangkok, the laboratory is Gemological Science International’s 14th location worldwide.

Those born in June have a myriad of options for their birthstone jewelry.

The company plans to raise the prices of select watches to offset the impact of tariffs.

Between tariffs and the sky-high cost of gold, designers enter this year’s Las Vegas shows with a lot of questions and few answers.

Designed by founder Renato and his daughter Serena Cipullo, it showcases a flame motif representing unity and the power of gathering.

However, the tariffs remain in effect in the short term, as an appeals court has stayed the U.S. Court of International Trade’s decision.

The pop icon is one step closer to launching her “B Tiny” jewelry collection, a collection she first began posting about last fall.

Sponsored by Stuller

It was featured in the miner’s latest sale, which brought in $24.8 million.

GemText AI uses artificial intelligence to generate tailored product titles, descriptions, and tags with jewelry-specific language.

The 3,300-square foot location is the jeweler's largest store in North America.

Aging and with myriad health issues, none will serve time for their roles in robbing the billionaire celebrity at gunpoint in 2016.

The WNBA team received rings imbued with meaning, from leaf motifs and its Liberty torch to the number of diamonds used.

A longtime executive at RDI Diamonds, Rickard has served on the JBT board for the past five years.

The two organizations have signed an affiliation agreement that’s expected to be finalized in the coming weeks.