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WFDB Names Shanghai Bourse Chief as VP

Nov 1, 2018 5:15 AM   By Rapaport News
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RAPAPORT... Lin Qiang has succeeded Yoram Dvash as vice president of the World Federation of Diamond Bourses (WFDB), with the latter taking on a new role as head of a strategic body.

Qiang has served as president of the Shanghai Diamond Exchange since its establishment in 2000. His election at the WFDB comes after Dvash stood down earlier this year to focus on his role as president of the Israel Diamond Exchange (IDE).

Dvash remains a member of the WFDB’s executive committee. He will now lead a new think tank aimed at strengthening the organization’s role in the industry and introducing initiatives to advance the global trade.

“We are excited to lead the world industry to greater levels of transparency, relevance and achievement,” Dvash said in a statement earlier this week, arguing that the IDE had made major changes to advance the Israeli diamond sector.

“My aim in setting up the think tank is to see what we as the WFDB can do better, what we can do to assist our members in these difficult times, what have we done wrong in the past, [and] where are we going,” added WFDB president Ernie Blom.

Qiang’s election took place at last week’s World Diamond Congress in Mumbai. Members reelected Blom for a further two-year term as president, with the current executive committee also set to serve another two years.

Image: Lin Qiang.
Tags: Ernie Blom, IDE, Israel, Israel Diamond Exchange, Lin Qiang, mumbai, Rapaport News, shanghai, Shanghai Diamond Exchange, think tank, WFDB, World Diamond Congress, World Federation of Diamond Bourses, Yoram Dvash
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