Global Diamond Exchange, Inc. (GBDX)

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In July 2000, the World Federation of Diamond Bourses and the International Diamond Manufacturers Association met in Antwerp to discuss, among other things, the concern over human rights violations committed in some diamond producing countries. During this meeting a resolution was passed to create the World Diamond Council (WDC).

http://staging.diamondfacts.org/who/index.html

The resolution called for the WDC to develop and implement a tracking system for the export and import of rough diamonds to prevent diamonds being exploited for illegal purposes.

As a result of the commitment and resolve of WDC leaders and members, significant strides have been made toward resolving and reconciling these issues. The development and implementation of the Kimberley Process, for example, has reduced the flow of conflict diamonds in the marketplace from approximately 4% to significantly less than 1%. While the number of conflict diamonds has been reduced, and this is an improvement, it is still not enough. The diamond industry will continue its efforts until conflict diamonds are eradicated completely.

To see a list of Kimberley Process participants, click here

Membership Organizations
The World Diamond Council represents over 50 industry organizations - from mining companies and trade associations to manufacturers and retailers - worldwide. Member organizations include: ABN Amro Bank International Division; Alrosa Company; American Gem Society; Antwerpse Diamantbank; Ascorp; Association of Diamond Manufacturers of Russia; Belgian Federation of Diamond Bourses; BHP Diamonds & Industrial Metals; Canadian Diamond Consultants Inc.; Cartier; Centre for Expertise, Valuation and Certification (Democratic Republic of Congo); CIBJO; Codiam; Damas; De Beers; De Beers LV; Debswana Diamond Co.; Diamond Chamber of Russia; Diamond Dealers Club New York; Diamond Federation of Hong Kong; Diamond Manufacturers and Importers Association; Diamond Trading Company; Dubai Multi Commodities Centre; EGL USA; Eurostar Diamonds Ltd.; Gem and Jewelry Export and Promotion; Harry Winston, Inc.; International Diamond Manufacturers Association; International Gemological Institute; Israel Diamond Exchange; Israel Diamond Institute; Israel Diamond Manufacturers Association; Jewelers of America; Jewelers Vigilance Committee; Leviev Group of Companies; London Diamond Bourse; Manufacturing Jewelers and Suppliers of America; Ministry of Mines (Namibia); Namdeb Diamond Corporation; Rapaport Corporation; Rio Tinto Diamonds; Rosy Blue; Shanghai Diamond Exchange Co. Ltd.; South African Diamond Board; Signet Group plc/Sterling Jewelers Inc.; Tacy Diamond Consultants; Tiffany & Co.; Union Bank of Israel; United Association of South Africa; World Federation of Diamond Bourses; Zale Corporation.

The board of officers and directors includes:

Eli Izhakoff, Chairman and CEO of the World Diamond Council, Lifetime Honorary President of the World Federation of Diamond Bourses
Ernie Blom, President of the World Federation of Diamond Bourses
Jeff Fischer, President of International Diamond Manufacturers Association
Sergey Oulin, President of Diamond Chamber of Russia and Vice President of Alrosa
Shmuel Schnitzer, Lifetime Honorary President of World Federation of Diamond Bourses
Stephane Fischler, Secretary General of International Diamond Manufacturers Association
Moti Besser, General Manager of Israel Diamond Manufacturers Association
Gaetano Cavalieri, President of CIBJO
Cecilia Gardner, President and Chief Executive Officer and General Counsel of Jewelers Vigilance Committee
Abbey Chikane, Chairman of the South African Diamond Board
Rory More O'Ferrall, Director of Corporate Affairs of De Beers Group
Matt Runci, President and CEO of Jewelers of America