IDE’s 3rd International Rough Diamond Week is taking place from May 22 to May 26.
The 3rd International Rough Diamond Week began with a well-attended opening ceremony in the Israel Diamond Exchange (IDE) Rough Trading Hall, against a backdrop of pavilions serving major rough producers.
IDE President Yoram Dvash said that he was happy to see such a large turnout of diamantaires at the event. “The rough diamond is the first stage in a very long journey of the diamond from mine to consumer. We all know the importance of a steady supply of rough for manufacturing. Marketing and manufacturing are the two winning cards of our industry,” he said.
Dvash also brought news direct from the World Diamond Congress held in Dubai last week, where he had been able to pass two initiatives to increase transparency in rough diamond transactions. From now on sellers will have to inform buyers if the stone has undergone scanning by the Sarine Galaxy device, which reveals internal inclusions.
Moreover, Dvash said that a resolution was passed calling on gemological laboratories around the world to adopt special terminology for synthetic diamonds and to make grading reports for synthetics a different color so that it was clear that the report relates to synthetic stone.
Dvash said he sensed a positive atmosphere at the opening of the Rough Diamond Week, which “is the first step in encouraging good business transactions. We’re very pleased to see the large players here. Our center needs them, and they are very happy to hold tenders here. The Israeli diamond industry is the major buyer of large rough diamonds; we buy about 80% of these goods,” he said.
In addition, Bereshit Diamonds would hold a sale of a special allocation for young manufacturers of rough diamonds imported directly from Africa and offered at attractive prices.
Schnitzer also said that representatives of various mining companies would attend the event for the first time in order to explore opportunities for cooperation with the Israel Diamond Exchange in the future.
