Avi Paz, founder, owner and CEO of the Avi Paz Group Fancy Ltd., learned the ways and business of the diamond industry from an early age. Born in Cuba in 1946 and raised in Belgium, Mr. Paz is a descendent of the Goldberg family – well established diamond brokers in Russia and Belgium.
After making Aliyah and serving in the IDF, Mr. Paz founded his own diamond trading company in Israel in 1971. In 1977, he established the first factory polishing fancy diamonds. Gradually, the Avi Paz Group established itself as one of the world’s leading manufacturers and distributors of fancy diamonds. Its precision cutting and setting division – New Century Creations – provides services to some of the world’s leading high-end timepiece manufacturers, as well as custom-design jewelry services for sale under clients’ private labels.
From 2005 to 2011, Mr. Paz served as the President of the Israel Diamond Exchange. Today, he is Lifelong Honorary President of the Diamond Exchange.
Mr. Paz served as a member of the Exchange panel of arbitrators for approximately two decades. From 1998 to 2011, he served continuously as a member of the Diamond Exchange Directorate, and chaired various committees. Within the framework of his position, Mr. Paz served as a Member of the Executive Committee of the Israel Diamond Manufacturers Association and as a member of the board of the Israel Diamond Institute.
From 2008 to 2012 he served as President of the World Federation of Diamond Bourses (WFDB). Throughout his career, Mr. Paz has been continuously recognized for his contribution to the industry. In 2006, as part of the celebrations marking the 75th anniversary of the New York Diamond Exchange, he was awarded a Lifetime Achievement Award for his contribution to the global diamond industry.
In 2012, the Federation of Belgian Diamonds Bourses in Antwerp awarded Mr. Paz with an honorary membership on the FBDB’s Board of Directors. Later that year, he was also awarded the Order of Leopold – given for outstanding achievements in art, literature, science or industrial and commercial activities in Belgium and Africa.