The WFDB officially denied a claim of Philux Global

Philux claim affiliation of WFDB & raising funds from the public 

The World Federation of Diamond Bourses (WFDB) has officially denied a claim made by Philux Global Group, which is raising funds from the public for investment in the Asian Diamond Exchange, among other projects, that this purported diamond exchange is affiliated with the World Federation of Diamond Bourses. 

The WFDB, founded in 1947, is the official association of diamond bourses internationally. Today 27 bourses throughout the world are members of the Federation and adhere to its stringent standards.  

While the WFDB encourages the establishment of new diamond bourses and aids and support bourses in their early stages, the Asian Diamond Exchange has not asked to be affiliated with the WFDB, nor has it contacted the federation at any time.

Founded in 1947, the WFDB currently has 29 affiliated bourse members located in major diamond centers throughout the world. The WFDB encourages the establishment of new diamond bourses, and aids and supports bourses in their early stages. The organization also invites members of related diamond sectors – such as finance, retail, shipping and more – to join as associate members.


 

Comments

Post a Comment

Popular posts from this blog

GJEPC championing talent, celebrate design & craftsmanship

Image
The 7th Artisan Jewellery Design Awards held in Mumbai   The 7th edition of The Artisan Jewellery Design Awards, hosted by the Gem & Jewellery Export Promotion Council (GJEPC) and powered by GIA, challenged designers to tap uncharted territory by integrating unusual materials and cherished objects into their jewellery designs, to infuse their pieces with a unique identity.   Actress and style icon Sonam Kapoor graced GJEPC’s 7th edition of Artisan Jewellery Design Awards in Mumbai and presented awards to winners. Sonam Kapoor graced the stage with an aura of elegance and charisma along Vipul Shah (Chairman, GJEPC); Kirit Bhansali (Vice Chairman, GJEPC); Sriram Natarajan (Managing Director, GIA India); Milan Chokshi (Convener, Promotions & Marketing, GJEPC); Sabyasachi Ray (Executive Director, GJEPC) bestowed the coveted awards upon 6 Artisan winners.  This year the theme for the Artisan Jewellery Design Award were two unconventional themes - Objet Trouvé (Foun...
Read more

Senco Gold & Diamonds Launches Special Jewellery Line to Commemorate Ram Mandir Pran Pratistha

Image
 Honoring Ram Mandir Inauguration: Senco's SiyaRam Collection - A Timeless Expression of Love! Senco Gold & Diamonds, the pan India jewellery retailer with a legacy of eight decades, has announced the launch of a special 'SiyaRam Collection' in honour of the Ram Mandir inauguration in Ayodha (Ayodhya) on January 22.  This collection pays tribute to the enduring bond of devotion between Ram, Sita, Lakshman, and Hanuman, and celebrates the upcoming temple, set to be a beacon of cultural, spiritual, and social unity during the sacred "Pran Pratistha" of Lord Ram. The contemporary and meticulously crafted, SiyaRam Collection comprising beautiful pendants; necklaces; and earrings, pays homage to Ram as the ideal leader, Sita as the ideal wife, Lakshman as the ideal brother, and Hanuman as the ideal worshipper, embodying virtues that transcend time.  Its intricate designs perfectly capture the grandeur of Ram Mandir, commemorating the legendary moment of Ram and Sit...
Read more

India’s C&P diamonds imports grew up 70%

Image
  India’s C&P diamonds exports fall 27.93% in February   According to the available February 2024 statistics for Cut & Polished Diamonds exports & import of India say, that the import of Cut & Polished (C&P) diamonds enjoys a higher percentage over exports!    The overall gross export of Cut & Polished (C&P) diamonds at US$ 1707.44 million (Rs. 14162.59 crores) in month of February 2024 is showing a decline of 27.93%(-27.680% in Rs. Term) as compared to US$ 2369.1 million (Rs. 19582.38 crores) for the same period of previous year (YoY). The overall gross Imports of Cut & Polished diamonds at US$ 130.43 million (Rs. 1082.17 crores) in month of February 2024 is showing a growth of 70.62% (71.39% in Rs. term) as compared to US$ 76.44 million (Rs. 631.41 crores) for the same period of previous year.    The overall gross Imports of Cut & Polished diamonds in DTA at US$ 41.23 million (Rs. 342.1 crores) is showing a Growth o...
Read more