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Antwerp’s Diamond Trade Sees Positive Momentum
Combined imports and exports up 9% in value and 14% in volume year on year in first half.
WFDB’s Yoram Dvash on Tariffs, Russia and Marketing Diamonds
A lot has changed in a month for the global trade body.
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…
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