Advanced Search

WFDB Signs Deal with Korea Bourse

Feb 12, 2019 4:09 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

 The World Federation of Diamond Bourses (WFDB) has agreed to help promote business for the Korea Diamond Exchange (KDE).

The trade bodies signed a cooperation agreement in Johannesburg, South Africa, last week, with the WFDB committing to assist the bourse in lobbying the South Korean government on matters relating to the diamond trade.

The trade bodies will work together to build up the South Korean diamond industry, as the WFDB has been doing for China’s Shanghai Diamond Exchange, the federation added.

The KDE, which was established in 2011, was instrumental in getting the South Korean government to reduce taxes on diamond imports in December, the WFDB said last week.

Image: KDE chairman Nam Chang-Soo and WFDB president Ernie Blom signing the agreement. (WFDB)
Tags: Ernie Blom, KDE, Korea Diamond Exchange, Rapaport News, Shanghai Diamond Exchange, WFDB, World Federation of Diamond Bourses
Similar Articles
Rapaport LogoRapaport Weekly Market Comment
Aug 11, 2022
News: Diamond market cautious amid China slowdown and US economic uncertainty. Polished prices declining. Inventory
RJC Satta Matturi 140Jeweler Satta Matturi Joins RJC Board
Aug 04, 2022
The Responsible Jewellery Council (RJC) has appointed industry veteran Satta Matturi to its board of directors.Matturi,
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2022 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.