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
World’s First Lab-Grown Diamond In Space – COSMOS x Skyroot – Taking Indian LuxuryBeyond Earth
In a first-of-its-kind collaboration, Cosmos Diamonds has partnered with Skyroot Aerospace to send India’s first lab-grown diamond jewel into space. At the heart of the mission is the Cosmos Bloom Diamond, a lotus-inspired creation handcrafted in 18 kt gold and adorned with 16 carats of lab-grown diamonds, all grown and crafted in India. Valued at Rs 11 lakh that brings together Indian craftsmanship, innovation, and heritage.
To celebrate the milestone, Cosmos has unveiled The Cosmic Bloom Collection, a limited-edition series, inspired by the space bound jewel. The brand has also applied to Asia Records to be recognized as the first diamond jewellery brand from India to send a diamond jewel into space.
Blending fashion, technology, and storytelling, the collaboration marks a defining moment for modern Indian luxury where jewellery is no longer just worn, but becomes part of history.
Stores: Bangalore, KA & Vijayawada, AP
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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.