WFDB: Diamond Dealers Club Needs to Reorganize



World Federation of Diamond Bourses president Avi Paz called on the Diamond Dealers Club of New York to reorganize following the resignation of club president Moshe Mosbacher.

“It is crucial that the DDC continue to fulfill its hub function in New York’s gem and jewelry industry and trade, while at the same time upholding the strongest ethical standards,” said Paz in a statement. “We therefore urge the DDC, under the stewardship of acting president Basant Johari, to go forward and install new leadership to guarantee an effective transition.”

Paz also stated that he was confident that with the return of its board members from the Hong Kong Gem & Jewellery Fair, the DDC would take swift action toward its reorganization.