The World Federation of Diamond Bourses (WFDB) has announced it would be holding a special regional summit meeting in Hong Kong on June 29.



The WFDB said the summit's purpose is to create better understanding as to the nature of the services needed from the body and what services the Asian members can provide bourse members outside of Asia.



WFDB President, Avi Paz said that meeting is meant to examine "how the WFDB can serve its Asian members better and more effectively, how the WFDB can assist its members to raise their profile and vice-versa, and what tools the WFDB can offer to advance the standing and competitive position of bourse members in their markets."



"Of course we will bring our colleagues up to date as to what tools the WFDB is developing to advance the business interests of bourse members and the diamond exchanges to which they belong, and what the WFDB can to do advance diamond sales in general," Paz added.