About WFDB

The WFDB was founded in 1947 to unite and to provide bourses trading in rough and polished diamonds and precious stones, with a common set of trading practice. The WFDB provides a legal framework and convenes to enact regulations for its 26 member diamond bourses.

The function of the WFDB is as diverse as the members who belong to it. Ethics,good business practice and morality are paramount and these are protected vigorously by the Constitution of the WFDB which provides for Arbitration and Disciplinary procedures against any bourse member who transgresses the code.

The purpose of the WFDB is to promote understanding and closer co-operation between peoples all over the world who earn their livelihood in the diamond and precious stones trade. Furthermore, it is the aim of the WFDB to encourage the establishment of bourses with a view to eventual affiliation.

The World Diamond Council, which is the body set up by the World Federation, works hand in
hand with over 35 Governments, the European Union and the United Nations to rid the Industry
of the scourge of conflict diamonds.

Learn more about WFDB