India Takes Global Diamond Leadership as Mehul Shah Elected President of WFDB

Key Highlights

Mehul Shah has been elected President of the World Federation of Diamond Bourses (WFDB).
The election took place during the World Diamond Congress in Singapore.
Representatives from 20 global diamond bourses participated in the election.
The appointment marks a significant milestone for India’s natural diamond industry.
Luigi Cosma was elected Vice President, while Molefi Letsiki was elected Treasurer General.
Mehul Shah said the new leadership team is committed to building a stronger future for the global natural diamond industry.

In a significant achievement for India’s diamond industry, Mehul Shah, Vice President of Bharat Diamond Bourse (BDB), has been elected President of the World Federation of Diamond Bourses (WFDB) during the ongoing World Diamond Congress in Singapore.

The election marks a major milestone for the Indian diamond sector, placing an Indian industry leader at the helm of one of the world’s most influential organisations representing global diamond bourses. Industry leaders believe the appointment further strengthens India’s position in shaping the future of the natural diamond trade.

The election took place during the World Diamond Congress, where representatives of 20 international diamond bourses voted to elect the Federation’s new leadership team.

Alongside Mr. Shah’s appointment, Luigi Cosma, President of Borsa Diamanti d’Italia, was elected Vice President, while Molefi Letsiki, Chairman of the Diamond Dealers Club of South Africa, was elected Treasurer General of the World Federation of Diamond Bourses.

The newly elected leadership will guide the Federation during a period when the global natural diamond industry is navigating evolving consumer preferences, changing market dynamics and increased focus on transparency, sustainability and industry collaboration.

Expressing his gratitude following the election, Mehul Shah 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.”

Commenting on the road ahead, he 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.”

The appointment is widely seen as recognition of India’s growing influence across the global natural diamond value chain. As the world’s largest diamond manufacturing centre and a key trading hub, India continues to play an increasingly important role in shaping industry policies, promoting ethical trade practices and strengthening international cooperation.

Mehul Shah’s election as President of the World Federation of Diamond Bourses is expected to further reinforce India’s voice on the global stage while supporting initiatives aimed at enhancing confidence, transparency and long-term growth within the natural diamond industry.