Mehul Shah, Vice President of Bharat Diamond Bourse has been elected President of World Federation of Diamond Bourses (WFDB). The election took place on Monday, July 12, during the ongoing World Diamond Congress which is currently underway in Singapore. Leaders of the 20 global diamond bourses attending the Congress voted to elect the new office bearers.

Luigi Cosma, President Borsa Diamanti d'Italia, was elected Vice President of WFDB and Molefi Letsiki, Chairman of Diamond Dealers Club of South Africa, was elected Treasurer General of WFDB. They have supported Mr. Shah’s vision for the Federation.

The election of Mr. Shah is an important milestone for the Indian diamond industry and opens a new chapter for the country to play a key role in taking the global diamond industry forward.

Thanking the delegates and Presidents of global diamond bourses, and said, “I am humbled by this appointment and proud to have represented India and Bharat Diamond Bourse on an international stage. This new responsibility given to me is rooted in my journey of four decades of commitment to the natural diamond industry.”

Mr. Shah added, “As the delegates to the Congress deliberate over the way forward in a challenging global market, I am confident that the discussions in Singapore will lead to meaningful outcomes. The new leadership team at WFDB is committed to taking forward the vision of the Congress and building a stronger future for the industry.”