Founded in 1947, the World Federation of Diamond Bourses (WFDB) serves as the principal organization representing the global diamond trading sector. Comprising 27 affiliated diamond bourses located in major diamond centers such as Antwerp, Tel Aviv, Mumbai, Johannesburg, London, and New York, the WFDB promotes the interests of its members and fosters a unified approach to trading practices in both rough and polished diamonds.

The WFDB is dedicated to advancing principles of trust, transparency, and integrity within the diamond industry. It establishes a common set of trading practices that its member bourses adhere to, ensuring a standardized framework for transactions. While member bourses maintain autonomy in their internal affairs, they are expected to comply with the policies and decisions set forth by the WFDB’s governing bodies.

In addition to supporting existing bourses, the WFDB encourages the establishment of new ones and invites members from related sectors—such as finance, retail, and shipping—to join as associate members. The organization also provides mechanisms for the amicable settlement and arbitration of disputes, reinforcing its commitment to fostering a cooperative and fair trading environment.

With its headquarters in Antwerp, the WFDB continues to play a vital role in shaping the future of the diamond industry, ensuring that its members can operate within a legal framework that promotes ethical practices and mutual respect.

Sources:
Official Site    Wikipedia