DiamondBuzz
Israel Diamond Exchange quits WFDB amid tariff dispute
The Israel Diamond Exchange (IDE) has suspended its membership in the World Federation of Diamond Bourses (WFDB), citing dissatisfaction with the organisation’s conduct during the ongoing US import tariff crisis, Rapaport News reported.
In a letter to WFDB Secretary-General Rony Unterman on 8th April, the IDE board said the decision followed unanswered requests for information and actions that had harmed Israel’s diamond trade. IDE President Nissim Zuaretz told Rapaport the move was triggered by WFDB President Yoram Dvash’s comments in Calcalist, where he criticised country-specific lobbying and promoted a global strategy for tariff exemptions.
Zuaretz accused Dvash of trying to take credit for advocacy led by the World Diamond Council (WDC), potentially jeopardising Israel’s own efforts. Dvash denied the claims, telling Rapaport they were “untrue and frankly absurd,” and emphasised the WFDB’s ongoing collaboration with the WDC.
Zuaretz said the IDE would shift focus to partnerships with the WDC and the International Diamond Manufacturers Association (IDMA), while also saving over $29,000 in annual fees. Dvash described IDE’s withdrawal as “rash,” warning it could weaken global unity at a critical time for the industry.
DiamondBuzz
Tiffany ring with a 10.02-ct emerald cut diamond is leading a Christie’s online auction, expected to sell for $500,000
As the spring season breathes new life into the world of fine art, Christie’s is proud to announce its first jewelry event of the year: the Jewels Online sale. Running from March 9 through March 19, this exquisite 156-lot curation invites collectors to journey through a gallery of peerless stones, legendary signatures, and storied provenance. A Tiffany ring with a 10.02-ct emerald cut diamond is leading a Christie’s online auction and is expected to sell for $500,000 to $700,000.The Type IIa stone is D color, IF clarity, set in platinum and signed Tiffany & Co.
The auction further dazzles with a pair of earrings that define celestial symmetry. Featuring two Type IIa round brilliant-cut diamonds weighing 5.13 and 5.04 carats respectively, these D-color gems radiate a fiery brilliance. Estimated at $300,000 – $500,000, they represent a rare opportunity to acquire stones of such matched magnitude and VVS2 clarity.
In a poignant tribute to glamour, Christie’s is honored to present selections from The Collection of Elizabeth Taylor. These intimate treasures offer a glimpse into the lavish world of the silver screen’s ultimate jewelry connoisseur:
- The Golden Evening Bag: A sumptuous diamond and gold vessel of elegance (Estimate: $10,000 – $15,000).
- The Ruby Suite: A vibrant, matching set of ruby and diamond beaded necklace and earrings (Estimate: $15,000 – $20,000).
Beyond these headliners, the sale celebrates the “Great Houses” of jewelry design. Connoisseurs will find meticulously crafted pieces from:Cartier, Van Cleef & Arpels. David Webb & Seaman Schepps
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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.