The London Diamond Bourse granted Varda Shine an honorary membership in recognition of her long standing service to the diamond industry. The recognition marks one of very few times the bourse granted this privilege.
Shine stepped down from her role as CEO of the De Beers Group’s Diamond Trading Company (DTC) at the beginning of 2014, after joining the company in 1984. During her tenure at De Beers, she led the business to deliver record sales and profits while extending the company’s customer base in India and developing pioneering new approaches to working with government partners in Botswana, Namibia, South Africa and Canada.
Shine completed business and management courses at Templeton College, Oxford, Cranfield and INSEAD. She was the first woman to be awarded honorary lifetime membership of the Israel Diamond Exchange (IDE) and in 2011 received the Women’s Jewellery Association (WJA) Hall of Fame Lifetime Achievement Award. She is also a governing board member of the Diamond Empowerment Fund (DEF), a non-profit international organization with the mission of raising money to support education initiatives that develop and empower economically disadvantaged people in diamond-producing nations.
Victoria McKay, the chief operating officer of the London Diamond Bourse, said, “The London Diamond Bourse is delighted to present honorary membership to Varda Shine. Varda is a valued member of the diamond community. She brings to everything she does experience, astuteness, an incisive and clear mind, a respect for colleagues and, above all, a belief in innovation within the diamond industry. We are delighted to count her amongst our members.”
Shine said, “I am both delighted and humbled to receive this honorary membership to the London Diamond Bourse. I am very proud to have been part of the long and rich history of the diamond industry in London and it will be a real pleasure to become a member of such a fine organization. The London Diamond Bourse has played a major role in the U.K.’s diamond industry for several decades and, with its excellent leadership and connections with the international diamond industry, I am confident that it will continue to do so long into the future