The World Federation of Diamond Bourses, founded in 1947, [1] was created to provide bourses trading in rough and polished diamonds and precious stones with a common set of trading practices. It is composed of 27 [2] member diamond bourses. Their headquarters are in Antwerp. Members of The World Federation of Diamond Bourses (WFDB) act as a medium for wholesale diamond exchange, trading both polished and rough diamonds. The WFDB consists of independent diamond bourses in major centers of the diamond trade such as Tel Aviv, Antwerp, Mumbai, Johannesburg, London and New York and other cities across the United States, Europe and Asia. The WFDB provides a legal framework and convenes to enact regulations for its members. The following is a list of the 27 bourses.
Associated member:
Euronext N.V. is a pan-European bourse that provides trading and post-trade services for a range of financial instruments.
The Brussels Stock Exchange, abbreviated to BSE, was founded in Brussels, Belgium, by decree of Napoleon in 1801. In 2002, the BSE merged with the Amsterdam, Lisbon and Paris stock exchanges into Euronext, renaming the BSE Euronext Brussels. The most well known stock market index on the BSE is the BEL20.
A diamond district is an area where the cutting, polishing, and trade of diamonds and other gems takes place. There are a number of these districts around the world, including:
The diamond industry of Israel is an important world player in producing cut diamonds for wholesale. In 2010, Israel became the chair of the Kimberley Process Certification Scheme. As of 2016, cut diamonds constituted 23.2% of Israel's total exports and they were the country's biggest export product, amounting to 12% of the world's production.
Lazare Kaplan International Inc. (LKI) is a diamond manufacturing and distribution company based in New York City. The Chairman of the Board of Directors is Maurice Tempelsman. The first LKI was located in Ponce, Puerto Rico, at el Barrio de los Diamantes, a community named after the factory was located there. LKI was founded in 1903 where it operated until it was moved to Caguas, Puerto Rico in the 1970s.
International Gemological Institute (IGI) is a Belgian diamond, colored stone and jewelry certification organization. Established in 1975, it is the largest independent gemological laboratory worldwide.
The Antwerp Diamond Bank, created in 1934 and known during its first few years as Comptoir Diamantaire Anversois, was a small bank that specialized exclusively in serving the diamond and the diamond-jewelry industry. In addition to its headquarters in Antwerp, it had offices covering major traditional as well as emerging diamond centers such as Dubai, Geneva, Hong Kong, Mumbai, and New York. In 1999, ADB became a wholly owned subsidiary of KBC Bank, and in 2014 it was wound down after a sale process to the Chinese Yinren Group failed.
E. Isaac Moskovitz is a consulting academic in the fields of luxury marketing and the diamond industry.[1] He has published on the topic of luxury and human logic[2] and is the developer of the Lambda and Theta Worldview identification metrics and the philosophy behind it, which he calls Janus Thinking[3] or Human Logic.Currently, Moskovitz serves as the president of Janus Thinking Ltd and Allied Diamonds Inc.[4] Recently, Moskovitz played a key role in the creation of Kahro Diamonds Inc. in Raleigh, NC, which follows his ideas on luxury. Additionally, he is the author of Janus Thinking, a blog focusing on luxury and luxury marketing.
Antwerp's diamond district, also known as the Diamond Quarter (Diamantkwartier), and dubbed the Square Mile, is an area within the city of Antwerp, Belgium. It consists of several square blocks covering an area of about one square mile. While as of 2012, much of the gem cutting and polishing work historically done in the neighborhood had moved to low wage centers elsewhere, about 84% of the world's rough diamonds passed through the district, making it the largest diamond district in the world with a turnover of 54 billion dollars. Each year, approximately 50% of the rough diamonds return to Antwerp for cutting and polishing.
Antwerp is a city and a municipality in the Flemish Region of Belgium. It is the capital and largest city of Antwerp Province, and the third largest city in Belgium by area at 204.51 km2 (78.96 sq mi) after Tournai and Couvin. With a population of 536,079, it is the most populous municipality in Belgium, and with a metropolitan population of over 1.2 million people, the country's second-largest metropolitan area after Brussels.
Moshe Schnitzer was a Romanian Jewish immigrant to Israel who became a key player in the international diamond trade. From 1967 to 1993 he was President of the Israel Diamond Exchange (IDE), which became the world's largest diamond exchange.
The Jains in Belgium are estimated to be around about 1,500 people.
The Antwerp World Diamond Centre (AWDC) is a public/private corporation, officially representing and coordinating the Antwerp diamond sector. It is located in the heart of Antwerp in the Hoveniersstraat. The chief executive officer of AWDC was Ari Epstein. He resigned in April 2024. The Diamond office facilitates the import and export of diamonds in and out of Antwerp. This is primarily done through marketing campaigns, services, conferences, trade fairs, economics missions, and various other ways. The World Diamond Center is home to all of the major diamond mining companies, which discover diamonds for over 1,800 individual diamond dealers across the globe. Other groups that aid in development, protection, and processing of these diamonds include diamond banks, insurance brokers, forwarders, best polishers, and researchers. It is acknowledged as the diamond capital of the world.
Shmuel Schnitzer, Atty. is an Israeli diamond trader and chairman of S. Schnitzer Diamonds Ltd. Schnitzer served as president of the Israel Diamond Exchange (IDE) from 1998 to 2004 and from 2013 to 2015, and after serving in this position, he was awarded the title of Lifelong Honorary President of the Israel Diamond Exchange. Shmuel Schnitzer was president of the World Federation of Diamond Bourses (WFDB) from 2002 to 2006, and after his resignation, he was awarded the title of Honorary Life President of the WFDB. In addition, Shmuel Schnitzer holds a Lifetime Achievement Award from the New York Diamond Dealers Club (DDC) and is honorary president of the Israel Precious Stones & Diamonds Exchange.
The Antwerpsche Diamantkring was established in 1928 in Antwerp, Belgium, to become the first diamond bourse worldwide that is dedicated exclusively to rough diamonds trade.
Israel Beck (1891–1972) was a founding member of the Antwerpsche Diamantkring, the world's largest and first-ever diamond bourse to be dedicated to rough diamonds trade. He was President of the Board from 1961 until his death in 1972. By that time, he had served benevolently 43 years as a member of the Board, promoting diamond trade internationally and the Antwerp diamond industry in particular, and representing the Antwerpsche Diamantkring at the World Diamond Congress.
Eli Izhakoff is an American businessman in the international diamond and jewelry industry, filling a variety of public positions since 1979.
Rosy Blue is a privately owned Indian-Belgian company that has interests in clean energy, media, real estate, financial services and retail. The company also trades in precious commodities, rough diamonds, manufactures and distributes polished diamonds, precious/semi-precious gems and jewellery.
Events in the year 1921 in Belgium.
HB Antwerp is a diamond cutting and technology company based in Antwerp, Belgium. It was founded in 2020 by Shai de Toledo, Rafael Papismedov, and Oded Mansori.