The World Federation of Diamond Bourses (WFDB) has hired Peter Meeus as an external adviser. He will be responsible for helping the organization fine-tune its position on lab-grown diamonds and other industry matters.
Synthetic diamonds are a huge concern in the industry, and many trade organizations created in the past 20 years are not geared toward defending the natural-diamond sector, WFDB president Ernie Blom told Rapaport News Thursday.
The WFDB’s job is to protect the midstream’s interests, Blom said. The organization has a large membership base and the power to discipline its members, which is particularly important when it comes to lab-grown-diamond issues such as mixing parcels and non-disclosure, he pointed out.
“This is…new territory [for the WFDB], and it is our intention to deal with the matter in the most professional and diligent manner,” Blom explained. “Hence the idea to engage an external adviser.”
Meeus is a government adviser on the diamond trade for the Central African Republic (CAR), and has served as the managing director of the Antwerp World Diamond Centre (AWDC) and HRD Antwerp. He was chairman of the Dubai Diamond Exchange, and is the head of the WFDB’s World Diamond Mark program.
“His 30 years of experience…as well as his vast network in Africa, and his knowledge of diamond certification and…lab-grown diamonds, will provide the WFDB with the proper means to define a strategy to assist our 30,000 members,” Blom added.
Image: Peter Meeus. (World Diamond Mark)