(PRESS RELEASE) ANTWERP — The Hong Kong Indian Diamond Association (HKIDA) has joined the World Federation of Diamond Bourses (WFDB) as an associate member, granting it observer status in various organizational forums. HKIDA is an association of Indian natural diamond and diamond jewelry dealers and traders operating in Hong Kong whose aim is to promote the natural diamond trade and to ensure consumer trust in the diamond industry.
The WFDB, which was founded in 1947 to protect the interests of diamond bourses and their members, is now seeking to broaden its influence and relevance by inviting leading non-bourse organizations in the global diamond and jewelry industries to its ranks.
Founded in 2015, the HKIDA holds events and seminars for members in the areas of financing, technology and innovation as well as latest industry trends. It also organizes a pavilion for members at international exhibitions held in Hong Kong.
Lawrence Ma, president of the Hong Kong Diamond Bourse, was instrumental in bringing HKIDA to the WFDB table. He said, “I am very pleased to welcome HKIDA as an associate member. The WFDB is the largest diamond organization in the world. Our mission is to strengthen the global diamond industry and that is why we are keen to invite important players into our ranks.”
Raju Shah, president of HKIDA said, “We are very excited to join the WFDB. HKIDA wishes to join forces with the international diamond industry and is committed to support the WFDB’s efforts in protecting and promoting the diamond industry around the world in this challenging and ever-changing environment.”
Yoram Dvash, acting president of the WFDB, said, “We are very pleased to have the Hong Kong Indian Diamond Association join the World Federation of Diamond Bourses as an Associate Member. The HKIDA represents dozens of diamond companies, who form a significant force in the diamond industry. The more players we bring to the WFDB table, the stronger we are together.”