WFDB Pays Tribute To DTC Broker, Mr. Rothchild

The World Federation of Diamond Bourses has paid tribute to Gerald Rothschild, who has died in Germany at age 86. Mr. Rothschild was a veteran DTC diamond broker, who served as managing director at I. Hennig & Co., and in 1995 set up his own brokerage office. "Gerald was the impeccable English gentleman, whose gracious manner often hid from view his massive contribution to the diamond industry over the past 60 years," said Avi Paz, WFDB President. "As our business grew, with new production and trade centres being set up in different countries, he more often than not was at the forefront, nurturing companies and individuals who eventually would become major players."   "The diamond community will miss Gerald's vision and innate understanding of our business. On behalf of diamond bourse members from across the WFDB, I send condolences and best wishes to his family," Mr. Paz said.

About the WFDB:

The object of the World Federation of Diamond Bourses is to protect the interests of affiliated bourses and their individual members, and to further the amicable settlement or arbitration of differences and disputes between the individual members of the affiliated bourses and between the affiliated bourses. In furtherance of this object, it is the aim of the world federation to participate in the promotion of world trade and to encourage the establishment of bourses, with the view of eventual affiliation of all centres where diamonds are actively traded.

Members of the bourses affiliated to the World Federation of Diamond Bourses pledge themselves to uphold the traditions, principles of mutual trust, consideration and friendship which prevail among the members of the bourses world-wide. They pledge themselves to abide by and hand down these principles and to ensure that they will forever serve as a basis in business relations between members of the affiliated bourses world-wide.