The Diamond Administration of China (DAC), a government organization established in 2000 to supervise the Shanghai Diamond Exchange and oversee China’s diamond imports and exports, has appointed Avi Paz Group founder and CEO Avi Paz – who also serves as president of the World Federation of Diamond Bourses and president of the Israel Diamond Exchange – to a three-year term as a DAC advisor.
The appointment was made during the recent 2010 China Diamond Conference in Shanghai, where Paz and the other DAC advisors discussed areas of the Chinese diamond industry that could be improved and shared ideas on how to increase diamond trade in China. In addition, the advisors also put together a three-year forecast for the Chinese diamond sector.
Four out of the nine current DAC advisors come from Israel, a fact that Paz called an honor for the country’s diamond industry. The other three Israelis include World Diamond Council President Eli Izhakoff; WFDB Honorary Life President Shmuel Schnitzer; and International Diamond Manufacturers Association President Moti Ganz.