On June 24, the Israel Diamond Exchange membership voted in a new board. As previously reported, it reaffirmed incumbent president Avi Paz by an overwhelming majority for a third and final term at the helm of the exchange.

Yair Sahar and Ya'akov Katan were elected vice presidents. The newly elected members of the board are: Mordechai (Moti) Fluk, Ya'akov (Kobi) Korn, Shalom Papir, Ben Zion Sasa, Yehezkel (Hezi) Blum, Yehuda Sayag, Amotz Raz, Rafi Yerushalmi, Yehoram Harel Haimoff, Ya'akov Harun Sheli, Eli Shiri, Yishai Topel, Hagai HaLevi and Yosef Papo.

Michael Vaughan, WFDB Secretary General and Executive Director, congratulated Paz on his re-election as IDE president. "On behalf of our organization, I send the WFDB's congratulations and best wishes to Mr. Paz and his board for a successful and fruitful term in office."

Vaughan noted that Avi Paz also presently serves as the president of the World Federation of Diamond Bourses. "His re-election as IDE president will allow him to run for re-election as WFDB president at the next World Diamond Congress in 2010."