Yoram Dvash, President of the Israel Diamond Exchange (IDE), announced today on his facebook page that he turned down the position of WFDB president. Dvash has posted the following announcement –
“Dear friends,
I’m staying in Germany for a convention of the world’s federation board. I was official informed during the convention that since I am the Vice President of the WFDB, I am the only candidate for the position of President of the organization, and that I will be officially appointed during the congress that will take place in June in Tel Aviv.
After thinking the matter through, I decided to turn down the position in order to focus and do my best as President of the IDE. The Israeli diamond industry is on the verge of a new era. We are rising from a time of crisis and heading towards prosperity and success.
Being President of the IDE requires attention, dedication, and a lot of energy. From my point of view, these should be all invested in the Israeli market. As I see things, reigning in both positions won’t enable me to focus on what’s happening here.
I thanked my friends on the federation’s board for their show of trust and recognition of my capabilities, and I promised them to keep promoting the industry and the global status of diamonds”.
