World Federation of Diamond Bourses

What World Federation of Diamond Bourses does

The World Federation of Diamond Bourses (WFDB) is a private, not-for-profit trade federation founded in 1947 and headquartered in Antwerp, Belgium, that serves as the umbrella organization for 27 of the world's major diamond bourses and close to 30,000 bourse members in over 35 countries. Its core function is to create and enforce common trading practices for rough and polished diamonds, provide international arbitration services, and represent the official voice of the international diamond trading sector to governments, producers, and trade bodies. The federation's governing structure consists of an Executive Committee, a Judicial Committee, a Trade and Business Committee, and a Promotion Committee, with current President Mehul Shah (since 2026) and Secretary-General Rony Unterman (since 2012) leading operations.

WFDB's two principal non-governance initiatives are GET-Diamonds and Young Diamantaires. GET-Diamonds, launched on April 23, 2020, is WFDB's wholly-owned, not-for-profit digital trading platform for natural diamonds, listing over 1.3 million stones valued in excess of $5.8 billion across more than 4,600 supplier members and 20,000+ registered buyers. Young Diamantaires, launched in 2016 as an industry discussion group, grew to over 400 members and became an independent non-profit in April 2025. Both operate under the banner "By the Industry, For the Industry."

WFDB generates revenue primarily through membership dues from its 27 affiliated bourses, associate and sponsorship fees from financial, logistics, and retail partners (ABN AMRO, Chow Tai Fook, Malca-Amit, IDI, HKIDA), and event revenue from the triennial World Diamond Congress, annual Presidents' Meetings, and International Summits. Customer segments are threefold: (1) the 27 member diamond bourses, which are the federation's primary buyers and distribution channels; (2) the diamond dealers and traders who are individual bourse members; and (3) suppliers and buyers on the GET-Diamonds digital marketplace. The federation actively markets natural diamonds through the "Moments" social media campaign ("Crafted by Earth, Celebrated by You") and partnerships with the Natural Diamond Council and World Diamond Council.

Name

World Federation of Diamond Bourses

Legal name

World Federation of Diamond Bourses

Website

https://wfdb.com

Company type

Private

Founded year

1947

Operating status

Operating

Headcount range

11–50 employees

Short description

The World Federation of Diamond Bourses (WFDB) is the Antwerp-based, not-for-profit umbrella federation founded in 1947 that represents 27 major diamond bourses and close to 30,000 members worldwide, setting common trading practices, providing arbitration, and operating the GET-Diamonds digital trading platform for natural diamonds.

Ownership category

akta.pro rank

Product category

Diamond Industry Trade Federation

NAICS

Commodity Contracts Intermediation (52316), Securities and Commodity Contracts Intermediation and Brokerage (5231), Securities and Commodity Exchanges (52321)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

Rough Diamond Trading & Brokerage (CRAKAJAC)

akta.pro secondary industries

B2B Marketplaces & Wholesale Platforms (BPAMAGAD), Cross-border B2B/Wholesale Trade Marketplaces (CRAFAJAC)

Keywords

• Diamond bourse federation
• Diamond trading standards
• Diamond industry association
• Diamond arbitration services
• Natural diamond trading

Headquarters

HQ city

Antwerp, Flemish Region

HQ country

Belgium

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Membership Dues and Association Fees: The WFDB generates revenue through membership fees from its affiliated diamond bourses. The federation serves as the umbrella organization for major diamond trading centers worldwide, promoting transparency and ethical trade in the international diamond sector.
2. Congress and Event Revenue: Revenue generated from hosting World Diamond Congress events (held every three years) and Presidents' Meetings, bringing together industry leaders from across the global diamond value chain.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

The World Federation of Diamond Bourses (WFDB) is the official international trade federation representing 27 of the world's major diamond bourses and close to 30,000 bourse members. It establishes common trading practices for rough and polished diamonds, provides international arbitration services, represents the industry's official voice, and operates the not-for-profit GET-Diamonds digital trading platform alongside the Young Diamantaires leadership initiative.

Product overview

The World Federation of Diamond Bourses (WFDB) is an industry association of major diamond bourses worldwide, founded in 1947, that promotes transparency and ethical trade in the international diamond sector. WFDB operates two primary initiatives: GET-Diamonds, a not-for-profit digital trading platform for natural diamonds launched in 2020, and Young Diamantaires, a professional development initiative launched in 2016 to engage next-generation industry leaders. The organization does not offer commercial software products but rather serves as the umbrella organization for diamond trading associations globally.

Differentiator

Problem solved

Functional benefit

Brands

• GET-Diamonds: Not-for-profit digital trading platform for natural diamonds, listing over 1.3 million stones valued in excess of $5.8 billion, serving over 4,600 supplier members and 20,000 registered buyers.
• Young Diamantaires

Products and services

• GET-Diamonds Digital Trading Platform A not-for-profit digital trading platform for natural diamonds owned by WFDB, enabling broker-to-wholesaler transactions. It serves over 4,600 supplier members and 20,000 registered buyers and lists more than 1.3 million stones valued at over $5.8 billion.
• Common Diamond Trading Practices and Standards The codified set of common trading practices for rough and polished diamonds maintained by the WFDB, applicable to all member bourses and their members worldwide.
• International Arbitration Services Cross-border arbitration and dispute resolution services for diamond-trade disputes among member bourses and their members, overseen by the WFDB Judicial Committee.
• World Diamond Congress Triennial flagship industry congress co-hosted by WFDB and IDMA, bringing together diamond industry leaders, governments, producers, and traders from across the global value chain.
• Young Diamantaires Initiative A networking and professional development initiative for young professionals in the diamond industry, launched in 2016 to foster dialogue with next-generation diamantaires and create pathways for future industry leaders, with a dedicated site at ydts.org.

Quantifiable outcome

• Over $5.8 billion in diamond listings on GET-Diamonds platform
• +1 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Ten partnerships are on record, tiered core, major and supporting.

• Shanghai Diamond ExchangecoreStrategic or Co-development Partner · 16 May 2024The WFDB and Shanghai Diamond Exchange signed an MOU to promote the development of the diamond market in China and strengthen cooperation between the organizations.
• Natural Diamond CouncilcoreStrategic or Co-development Partner · 4 May 2023Recognizing increased consumer demand as being critical to the prosperity of the natural diamond industry, the WFDB entered into a partnership with the Natural Diamond Council to support and promote the natural diamond industry.
• International Diamond Manufacturers Association (IDMA)coreStrategic or Co-development PartnerThe WFDB works closely with IDMA on industry initiatives including convening the World Diamond Congress together. IDMA represents diamond manufacturers globally and is a key partner in addressing industry challenges.
• Botswana Ministry of Minerals and EnergymajorStrategic or Co-development PartnerBotswana joined the WFDB as a Nation Affiliated Member following the May 2026 International Summit in Gaborone. Botswana is one of the world's leading diamond-producing nations.
• Angola Ministry of Mineral Resources, Petroleum and GasmajorStrategic or Co-development PartnerAngola joined the WFDB as a Nation Affiliated Member following the May 2026 International Summit. Angola is a major diamond-producing country with the newly established Angola Diamond Exchange.
• IDI (Israel Diamond Institute)coreOthersIDI is a non-profit organization that promotes and advances the diamond industry in Israel. It operates through a board representing the Israel Diamond Exchange, manufacturers, government, and banks.
• Chow Tai FooksupportingOthersChow Tai Fook Jewellery Group is one of Asia's largest jewelry retailers, founded in 1929. Listed on Hong Kong Stock Exchange, they share common core values with WFDB for a stronger global diamond industry.
• Malca-AmitsupportingOthersMalca-Amit provides secure logistical solutions for the diamond and jewelry industries worldwide, including logistics, security, customs house and special operations professionals.
• Hong Kong Indian Diamond Association (HKIDA)supportingOthersHKIDA promotes diamond and jewelry business in Hong Kong with over 200 company memberships. They facilitate affiliations within the industry and collaborate with trade bodies.
• World Diamond CouncilcoreStrategic or Co-development PartnerThe WFDB cooperates with the World Diamond Council on matters including G7 sanctions on Russian diamonds, Kimberley Process, and industry-wide initiatives.

Scale indicators4 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Gemological Institute of America (GIA): The largest and most established gemological laboratory and education organization globally; overlaps with WFDB's role in establishing industry standards and grading infrastructure for diamonds.

Direct peers

• Antwerp World Diamond Centre (AWDC): Umbrella organization for the Antwerp diamond industry and a WFDB member bourse cluster; plays a comparable coordinating role for the world's largest traditional diamond trading center.
• World Diamond Council: Industry body focused on Kimberley Process and conflict-free diamond standards; cooperates closely with WFDB on sanctions, traceability, and policy, operating in an adjacent governance layer of the same diamond value chain.
• Natural Diamond Council: Marketing and consumer-education body promoting natural diamonds; WFDB has a formal partnership with NDC to support natural diamond demand, making it a directly comparable industry-promotion peer.
• Rapaport: Operator of RapNet, the dominant commercial B2B diamond trading platform and price list; directly comparable to WFDB's GET-Diamonds platform as competing diamond marketplace infrastructure.
• International Diamond Manufacturers Association (IDMA): Parallel global industry body representing diamond manufacturers; co-convenes the World Diamond Congress with WFDB and partners on industry initiatives, making it the closest direct functional peer.
• Responsible Jewellery Council: Standards-setting body for the jewelry and diamond supply chain covering ethical, social, and environmental practices; comparable role as a multi-stakeholder governance organization in the same industry.

Regional players

• Bharat Diamond Bourse: The world's largest diamond bourse by members, located in Mumbai; a WFDB member that performs a similar bourse-federation role at the national level for the dominant Asian manufacturing hub.
• Israel Diamond Exchange: Major WFDB member bourse and one of the world's leading diamond trading centers; comparable regional bourse role with significant trading and manufacturing activity.
• Dubai Multi Commodities Centre (DMCC) / Dubai Diamond Exchange: Operator of the Dubai Diamond Exchange and a major WFDB member bourse; comparable regional diamond-trading hub role with strong government backing in the Gulf.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/world-federation-of-diamond-bourses

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about World Federation of Diamond Bourses