The euro, meanwhile, dropped to 4.27 shekels. Economists believe a drop to negative interest is almost unavoidable if the April inflation rate comes in lower than expected.
The Lucapa Diamond Company has recovered another large diamond – this time an exceptional 63.05-carat stone from the alluvial mining operations at the Lulo diamond concession in Angola.
The second International Rough Diamond Week is taking place in Israel this week and is featuring tenders in which the main international rough diamond suppliers are participating.
The second International Rough Diamond Week (IRDW), held at the Israel Diamond Exchange (IDE) from April 12 to 16, has been a great success, the IDE said in a statement.
Fusion/Hennig Tenders will hold an Angolan rough diamond tender during the Second International Rough Diamond Week to take place at the Israel Diamond Exchange (IDE) from April 12 to 16.
A group of leading Israeli diamond traders and manufacturers have decided to post their diamond stocks at full prices on the RapNet Diamond Trading Network (RapNet).
The US dollar was trading at 3.92 shekels, while the euro climbed to 4.3 shekels. Analysts believe that if it falls below 3.9 shekels, there will be a significant decline.
Polished diamond prices softened in March as trading volume was restricted by weak demand.
IDE President Shmuel Schnitzer speaks on steps taken by the bourse to get through difficult period; Rabbi Israel Meir Lau blesses large audience who attended traditional event.
