Born in London, Michael Vaughan moved to Belgium in 1981 and became a member of the Antwerpsche Diamantkring cvba (ADK), the world’s leading rough diamond bourse. He heads his own company the MDL Group, which is a diamond trading, broking and consultancy company. In addition, he served as Chairman of the Board of Experts of the Diamond Circle Capital plc. a closed ended investment company quoted on the main market of the London Stock Exchange. The Fund created a portfolio of high quality polished gem diamonds.
He was elected in 2002 to the Executive Committee of the WFDB as Secretary-General at the 30th World Diamond Congress, held in London, a function that he held for more than nine years until he decided to stand-down in 2011 to devote more time to his business activities. At the 35th World Diamond Congress held in Mumbai in October 2012 he was honoured by the WFDB with the title Honorary Life Secretary-General.
He was elected to the ADK’s Board of Directors in 1995, and in 2003 was appointed an Executive Board Member. He has been responsible for greeting the visiting English-speaking dignitaries to the bourse. Thus, in addition to welcoming HRH Prince Filip and HRH Princess Mathilde of Belgium, he has greeted former U.S. Vice-President Al Gore, Botswana’s President Festus Mogae, and many other ambassadors, diplomats and politicians. He has also given numerous television, radio and newspaper interviews to journalists.
Michael Vaughan representing the ADK since 1995 serves on the Permanent Commission for Liquidation of Debts, a committee of the Belgian Federation of Diamond Bourses. In addition, he represents the ADK on the newly formed G4 (fusion four) Committee of the Federation of Belgian Diamond Bourses to represent the interests of the four Antwerp bourses by raising the profile of the Antwerp diamond bourses in the international arena.
He was also responsible for providing guidance to the inter-governmental organisation the Financial Action Task Force, the organization addressing terrorist financing and money laundering issues, lending his expertise in matters relating to the diamond industry. In addition, he was part of the electronic group providing input for the FATF RBA Guidance for Dealers in Precious Metals and Stones and was instrumental in the WFDB being accepted as a member on the FATF Consultative Forum, at present the WFDB is the only organisation to represent the diamond industry on this international body. From 1997 to 2005, Michael Vaughan was an active member of the Marketing and Public Relations Committee of the then HRD the organisation now known as the Antwerp World Diamond Centre. He was also a member of the HRD Ad-Hoc Task Force Committee, specifically formed in 2002 to conduct negotiations and deliver recommendations on the “EU Regulation on the Control of Conflict Diamonds.” prior to the implementation of the Kimberley Process certification system in 2003. In that capacity, he was involved in negotiations with Belgian government officials, a major international law firm and a public affairs company.
Michael Vaughan has been honoured by the King of Belgium by being made Knight in the Order of the Crown for his services to the Antwerpsche Diamantkring in relation to the Belgian Diamond Industry. He is married, with two married sons both and together with one of his daughters-in-law are practising solicitors living in London.