Morning the death of Mr Beller, President Antwerp Diamond Bourse

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We regret the death of Mr Artur Beller, President of the Antwerp Diamond Bourse and the Belgian Federation of Diamond bourses.

November last year Mr Beller and Mr Paz appointed the arbiters to settle a dispute between an Israelian firm and a Brazilian diamond cooperative to reclaim over 200ct in rough diamonds.
The arbiters ruled in favor of the Brazilian coop and fined the Israelian company with 180.000 usd.

Today we also received notice that the Brazilians where finally able to sell their reclaimed diamonds after a long and bureaucratic process to get them back to Brazil.

Due to the high price increases for rough in the last few months they where able to fetch a really good price and not loose any money on this horrible experience.

Without the assistance of mr Beller and mr Paz, Jeweltree Foundation would not have been able to help the 90 coop members and bring the dispute to such a favorable ending.

We give our condolences to his family and friends.


Further information:
http://www.antwerpfacetsonline.be/articles/single/article/awdc-mourning-death...[referer]=antwerpfacetsnewsletter&cHash=dc5f060ff634987b0e36ea3dfc51fd47