{"id":7847,"date":"2018-04-08T19:33:00","date_gmt":"2018-04-08T14:03:00","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=7847"},"modified":"2021-04-08T19:35:13","modified_gmt":"2021-04-08T14:05:13","slug":"wfdb-debates-burning-issues-at-idar-oberstein-executive-committee-meet","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/wfdb-debates-burning-issues-at-idar-oberstein-executive-committee-meet\/","title":{"rendered":"WFDB Debates Burning Issues At Idar-Oberstein Executive Committee Meet"},"content":{"rendered":"\n<p>The World Federation of Diamond Bourses (WFDB) held an executive committee meeting in Idar-Oberstein in March, discussing a wide variety of subjects, including the World Diamond Council\u2019s proposed changes to its System of Warranties (SoW), nomenclature issues, Know Your Client, the proposed inclusion of the International Diamond Manufacturers Association into the WFDB, finance and the situation in India in the wake of the alleged fraud involving jeweller Nirav Modi.<\/p>\n\n\n\n<p>\u201cWe held very frank discussions on a wide range of internal WFDB issues, as well as many pertaining to topics of critical importance to diamantaires in their daily work,\u201d said WFDB President Ernie Blom. \u201cWe have set up a small team which will review the proposed changes to the SoW and will have comments ready before end April.\u201d<\/p>\n\n\n\n<p>WFDB treasurer-general Mehul Shah, vice-president of the Bharat Diamond Bourse, briefed executive committee members on the mood in the Indian diamond industry in light of the financing scandal.<\/p>\n\n\n\n<p>\u201cAs usual, we had a very full agenda of industry issues to address,\u201d said Blom. \u201cThese are challenging times for the wider global diamond industry, and it was extremely useful to hear the views of colleagues from across the diamond world ahead of the World Diamond Congress in Tel Aviv in June.<\/p>\n\n\n\n<p>\u201cFinally, on behalf of the ExCo, I want to thank the Idar-Oberstein bourse for its generosity in hosting the executive committee meeting.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The World Federation of Diamond Bourses (WFDB) held an executive committee meeting in Idar-Oberstein in March, discussing a wide variety of subjects, including the World Diamond Council\u2019s proposed changes to its System of Warranties (SoW), nomenclature issues, Know Your Client, the proposed inclusion of the International Diamond Manufacturers Association into the WFDB, finance and the&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5080,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-7847","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.5 - 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