Avi Paz, President of the Israel Diamond Exchange and World Federation of Diamond Bourses, as well as founder and CEO of Avi Paz Group, has been appointed a three-year terms as advisor to the Diamond Administration of China (DAC).

Established in 2000, the DAC is a government organization charged with supervising the Shanghai Diamond Exchange and overseeing China's diamond imports and exports.

Paz was appointed, along with fellow Israelis WDC President Eli Izhakoff; WFDB Honorary Life President Shmuel Schnitzer; and IDMA President Moti Ganz, at the 2010 China Diamond Conference in Shanghai. Paz called the number of Israelis named DAC advisors "an honor" for Israel's diamond industry.

The new DAC advisors held their first meeting at the conference itself and discussed aspects of China's diamond industry that could be improved. They also shared ideas on how to increase the country's diamond trade and put together a three-year forecast for China's diamond sector.