Antwerp: The World Federation of Diamond Bourses (WFDB) has officially denied a claim made by Philux Global Group, which is raising funds from the public for investment in the Asian Diamond Exchange (ADE), among other projects, that this purported diamond exchange is affiliated with the WFDB. 

The WFDB, founded in 1947, is the official association of diamond bourses internationally. Today 27 bourses throughout the world are members of the Federation and adhere to its stringent standards.  

While the WFDB encourages the establishment of new diamond bourses and aids and support bourses in their early stages, the Asian Diamond Exchange has not asked to be affiliated with the WFDB, nor has it contacted the federation at any time.