“WFDB Mark” to be Introduced during Presidents Meeting
October 30, 05
The biennial Presidents Meeting of the World Federation of Diamond Bourses (WFDB) will open on November 13 in Mumbai. One of the goals set for the meeting is to formulate a plan to introduce the WFDB Mark into the international jewelry market.
The three day meeting is held in conjunction with the International Diamond Manufacturers Association (IDMA), and hosted by the Bharat Diamond Bourse and the Indian Gem & Jewellery Export Promotion Council.
The organization considers the WFDB Mark a “cornerstone of a ground-breaking program”, first discussed at the 2004 World Diamond Congress in New York. The most visible icon of the program is a trademarked logo, which approved members of WFDB-affiliated diamond exchanges will be able to display to clients and suppliers, to confirm that they abide by the world federation’s better business principles.
“The WFDB Mark Program will send a strong signal to the jewelry industry and emphasize the benefits of doing business with members of WFDB-affiliated diamond exchanges,” states WFDB President Shmuel Schnitzer.
“While many bodies have subscribed to codes of better business principles, the WFDB is the only one that I know of in our business that has both the infrastructure and the judicial means to implement and enforce its code. We believe that the WFDB Mark will become the leading symbol of quality in our industry.”
The WFDB conducts a Presidents Meeting every year following a World Diamond Congress, which is the official forum when the General Assembly of the organization meets.