Avi Paz, president of the World Federation of Diamond Bourses, has issued a statement clarifying that the Diamond Exchange of Singapore is the only WFDB affiliated diamond bourse in Singapore.

The clarification coincides with the recent opening of the Singapore Diamond Exchange, a platform for private investors to invest into diamonds as an asset class.

“I wish to stress that the Singapore Diamond Exchange is a private limited company that facilities the buying of diamond portfolios for investors,” Paz said in a statement. “Its mission and purpose is completely different from the mission of our affiliated bourses, which is to be genuine trading platforms that bring together diamond buyers and traders under strict guidance.”

JCK