International News
WFDB announces Presidents’ Meeting 2025 in New York City
The World Federation of Diamond Bourses (WFDB) said its next Presidents’ Meeting will be held on 10 -11 June in New York City, hosted by the Diamond Dealers Club of New York.
The annual Presidents’ Meeting is an important international event, convening senior representatives of the 27 member bourses and major players from throughout the diamond pipeline. It will explore the most pressing issues facing the world diamond industry in expert panels and discussions. Last year’s Presidents’ Meeting was held in Shanghai in March 2024 and was well-attended by participants from around the world.
WFDB President Yoram Dvash is calling on all players in the international diamond industry to attend the meeting. “We are holding the Presidents’ Meeting this year right after the JCK Show in Las Vegas to appeal to as wide an audience as possible. The diamond industry is facing many challenges in demand, pricing and marketing. This is the time when we need to come together, to hear all the stakeholders and to discuss industry-wide changes. I urge you all to plan to attend this very important meeting.”
International News
Diamond Price Gains In Sept Led By Small, High-Quality Stones
US Retail Demand Strengthened, Particularly For 1–2 Ct (F–I, VS2–SI2) and 2+ Ct Stones. Lower-Quality Smaller Goods Remain Under Pressure From Lab-Grown Diamond Competition.
Diamond prices continued their upward trajectory in September—traditionally a slow month—driven by reduced production and rising demand. Round diamonds consistently outperformed fancy shapes.
US Market & Trading Sentiment: US retail demand strengthened, particularly for 1–2 ct (F–I, VS2–SI2) and 2+ ct stones. Lower-quality smaller goods remain under pressure from lab-grown diamond competition. Holidays in the US, Belgium, Israel, and India temporarily slowed regional trading.
Trade Show Trends (Hong Kong JGW): Show results were mixed: strong demand for finished jewelry and 2+ ct natural diamonds offset weak interest from Chinese buyers and sluggish movement in smaller, low-clarity goods.
Corporate & Supply Restructuring:
- De Beers is set to acquire Mountain Province’s 49% stake in the Gahcho Kué mine under a debt-restructuring agreement.
- Anglo American’s ongoing process to sell De Beers maintains broad market uncertainty, while recent De Beers rough sights indicate cautious buying.
- Petra Diamonds is evaluating strategic options, including potential asset sales.
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