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Israel Diamond Exchange quits WFDB amid tariff dispute

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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.

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DiamondBuzz

Antwerp Records First Global Tender Of Fully Traceable Artisanal Diamonds From DRC

OrigemA Initiative Opens International Market Access For Small-Scale Miners, Promoting Transparency, Fair Pricing and Responsible Sourcing Across The DRC’s Artisanal Diamond Sector.

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In a landmark development for the diamond industry, a parcel of fully traceable artisanal rough diamonds from the Democratic Republic of Congo (DRC) has been sold internationally for the first time, highlighting growing efforts to strengthen responsible sourcing and improve market opportunities for artisanal mining communities.

The 103.77-carat parcel, sourced from the Kasai region, was presented through a public tender in Antwerp organised by Bonas-Couzyn under the OrigemA project. The initiative was launched in 2022 through a collaboration between the Antwerp World Diamond Centre (AWDC), the DRC Ministry of Mines, NGO Resolve, and technology partner Everledger, with support from Belgium’s Federal Public Service Foreign Affairs.

The OrigemA programme currently works with six mining cooperatives across the Kasai and Kasai-Central provinces, supporting an ecosystem that provides livelihoods to nearly three million people. The inaugural parcel, valued at approximately US$6,000, originated from the Kamana Ndeke mine and was produced by the COMIDIANZ cooperative.

According to Karen Rentmeesters, CEO of AWDC, the initiative was designed to tackle longstanding barriers faced by artisanal miners in the DRC. She noted that many cooperatives have historically struggled to access international buyers, often preventing them from receiving fair market value for their production.

Belgium’s Foreign Minister Maxime Prévot revealed that the country’s Peacebuilding Fund had invested €200,000 in the project. He described the Antwerp sale as a significant achievement for both the OrigemA programme and the COMIDIANZ cooperative, marking an important step in connecting artisanal producers with global markets.

Beyond market access, the project has also focused on improving mining standards. To date, around 450 miners have received training in safe and sustainable mining practices, while participating sites have benefited from initiatives aimed at enhancing productivity and operational efficiency.

With the DRC estimated to account for nearly 70% of global artisanal diamond production, programmes such as OrigemA are expected to play a vital role in strengthening transparency, supporting local communities, and creating a more inclusive and responsible diamond supply chain.

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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.

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