The Beurs voor Diamanthandel - Antwerp Diamond Bourse (ADB) - has announced that Maurice Fischler has been appointed as its new president following biennial elections for half of its board members.

Fischler, 62, has served on the bourse's board for the past six years. He is married with four children, two of whom work in the family-run Fischler Diamonds Company. Maurice is the son of the late Bram Fischler, an Antwerp diamond industry icon who served as ADB president from 1985 until his death in the fall of 2003.

"The Antwerp Diamond Bourse has chosen an excellent diamantaire. I am sure that under [Maurice's] leadership the Antwerp Diamond Bourse will play an active and visible role in the WFDB and will continue to help advance the World Federation's initiatives and interests," World Federation of Diamond Bourses President Avi Paz stated.

The ADB's new board make-up is now as follows: Maurice Fischler, President; Jacques Roth, Vice President. Jacques Korn and Bernard Weinberg, Executive Directors. Board members: Yves Diamant, Liran Horovitz, Alain Majerczyk, Kaushik Mehta, David Pienica, Marcel Pruwer and Raphael Rubin.