The World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA) have cancelled their biannual conference, the World Diamond Congress, due to be held in Tel Aviv, Israel, from June 19 to 21.
The diamond organizations cited poor registration figures - "too low to conduct a successful, meaningful and effective gathering" - likely as a result of political tensions in the region.
“It is obviously with very great regret that we have reached the decision to cancel the congress,” WFDB president Ernie Blom and IDMA president Ronnie VanderLinden said in a joint statement Thursday. “We had a full agenda of issues regarding the state of the global diamond industry, and preparations were in full swing. However, we have to take all factors into account, and felt it was the correct decision to make in the best interests of all concerned. The Congress will be held at a later date which will be determined in the near future.”
The Congress was being organized by the Israel Diamond Exchange, and was due to feature a section on how technology can aid the diamond industry, among other issues.
Source: The Diamond Loupe