The World Federation of Diamond Bourses (WFDB) has named Yoram Dvash as acting president following Ernie Blom’s decision to stand down temporarily.
The WFDB’s executive committee elected the Israel Diamond Exchange president in a Zoom meeting Sunday 19 April, it said in a statement. He had already been named president designate at a previous WFDB congress.
“The diamond industry, like all other industries, is going through a very difficult time due to the coronavirus pandemic that has struck so much devastation in human [and] business terms across the world,” Dvash said in the Monday 20th statement. “In this situation, it is imperative that the diamond industry across the world be united in the goal to restore it to its glory days, once the pandemic has receded and some semblance of normalcy returns to the globe.”