Diamond trade gathered in New York to discuss marketing, lab-grown diamonds and traceability.
Industry Comes Together in Angola to Create Natural-Diamond Marketing Fund
Producing countries will each contribute 1% of annual export revenue.
Things were much calmer in the global trade when World Federation of Diamond Bourses (WFDB) president Yoram Dvash sat down for an interview with Rapaport News on March 11. Dealers had just returned from a positive Hong Kong show. The European Union had recently delayed its traceability rules for enforcing Russia sanctions until January 2026. The rough and polished markets were showing signs of recovery.
That changed, however, on April 2, when US President Donald Trump announced tariffs on almost all imports, including diamonds and jewelry. The topics Dvash discussed with this reporter — the Russia sanctions, category marketing, arbitration — took a back seat. The only thing anyone was talking about was how the new customs duties would affect the industry.
“The issue of Russian sanctions has not disappeared, but the tariffs issue naturally is the focus of attention now…
Producing countries will each contribute 1% of annual export revenue.
Truck carrying gold, diamonds, gemstones and watches to California trade show was robbed in 2022.
Sale totals $87.7 million, setting several records.
Diamond trade gathered in New York to discuss marketing, lab-grown diamonds and traceability.
© Copyright 2025 by Rapaport USA Inc. All Rights Reserved.