WFDB evicts a price list for synthetic stones
It has no relevance and Indeed, is unrealistic! RapNet, the world’s largest diamond trading network with daily listings of over $7.4 billion, will be voting on whether it should provide diamond listing and pricing services for synthetic diamonds. Voting will be limited to registered RapNet members who log in to RapNet. In the response, WFDB informed the proposal of Rapaport to their members. “I am writing to you about proposals recently sent by Martin Rapaport in a communication to his clients where he asks two questions: 1. How does the industry feel about starting a price list for synthetic stones & 2. What is the response to creating a “natural diamond organisation” Ernie Blom, President, World Federation of Diamond Bourses (WFDB) cited the proposal. Further the WFDB informs to all those members that, on the first question, the WFDB firmly believes that publishing a list for synthetic diamonds would mislead the public and be very much against its interest. W...