Top Diamond Industry Groups Will Work Together

The World Federation of Diamond Bourses and CIBJO, the World Jewelry Confederation, have signed a cooperation agreement under which they will seek to coordinate positions, with the aim of positively influencing developments in the international diamond industry and jewelry sector. The agreement was signed by their respective presidents, Ernest Blom and Gaetano Cavalieri, at the Presidents' Meeting of the WFDB in Istanbul.

The WFDB and CIBJO will aim to coordinate positions in the areas of gemological standards and nomenclature; standards and methods of disclosing of treated, enhanced, synthetic and simulated diamonds and gemstones; and Corporate Social Responsibility, good governance and sustainability, including the Kimberley Process. They also will share knowledge, information and assessments about developments in the international diamond and jewelry markets, with the aim of protecting the integrity of their members.

The signing was witnessed by World Diamond Council President Eli Izhakoff, honorary life president of both the WFDB and CIBJO.

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