Moshe Mosbacher was reelected president of the Diamond Dealers Club of New York in elections held Tuesday at the DDC, the largest diamond exchange in the US, by an overwhelming margin of two-thirds of the vote.



Mosbacher thanked the entire DDC membership for their support and viewed the results of the elections as a confirmation of the new direction that the DDC has taken under his presidency. He further stated: "I am very happy with the results of the election and am extremely honored and encouraged by the outstanding slate of Officers and Directors who were elected to serve."



Mosbacher praised the expertise and foresight of the members newly elected as DDC officers and members of the Board of Directors, and said that the DDC looked forward to "continuing to work with all major national and international organizations to ensure the success of all DDC members and the entire diamond industry."