The function of the WFDB is as diverse as the members who belong to it.
Ethics,
good business practice and morality are paramount and these are protected
vigorously by the Constitution of the WFDB which provides for Arbitration
and Disciplinary procedures against any bourse member who transgresses the
code.
The purpose of the WFDB is to promote understanding and closer
co-operation between peoples all over the world who earn their livelihood
in the diamond and precious stones trade.
Furthermore, it is the aim of the WFDB to encourage the establishment of
bourses with a view to eventual affiliation.
The World Diamond Council, which is the body set up by the World Federation,
works hand in hand with over 35 Governments, the European Union and the United
Nations to rid the Industry
of the scourge of conflict diamonds. The WFDB provide up to date information
on the diamond and precious stone trade
