Antwerp: The Antwerp World Diamond Centre (AWDC) has appointed Mr. Nishit (Bali) Parikh president, a position he held from 2010 to 2012, its board said last week.

Mr. Parikh, the CEO of Diarough, will replace outgoing president Mr. Stéphane Fischler, who is stepping down as AWDC head to take on the global role of president at the World Diamond Council (WDC). Mr. Fischler has served as president of the AWDC since 2012.

“Continuity, stability and a formidable personality are all essential elements in the diamond trade, and Bali…embodies all these qualities,” said AWDC CEO Mr. Ari Epstein. “[We] have every confidence he will be a strong leader.”

The AWDC board also appointed Freddy Inzlicht as vice president representing the bourses, and Samir Mehta as vice president representing the trade.