News

The company said profit was up 58 percent to $624.4 million the period.

Same-store sales, a vital indicator of a retailers' health, climbed by 3 percent.

The Conference Board's index of consumer confidence rose to 92.4 in August from 90.3 in July.

IDE President Shmuel Schnitzer: "in view of the recent events in our region, the board of the Israel Diamond Exchange decided to postpone the Israel Diamond Week"

"Grib Diamonds' aims at maximum transparency," said Head of Sales for Grib Diamonds, Martin Leake.

An extra 74 places have been created in the trading hall near the entrance from the Maccabi Bridge where, until recently, there were Internet stations and notice boards.

A specially made film shows Israel Diamond Exchange (IDE) President Shmuel Schnitzer, Vice-President Ya’akov Kattan, and General Manager Moti Besser in the management room of the Exchange, as they hold a card in English congratulating India on its Independence Day.

Negotiations are also taking place with other partners for the organization of additional, value-adding events during the week.

The so-called Argyle Pink Plume necklace is set with more than 1 carat of natural Argyle pink diamonds.

"If the consumer is not out spending, the economy will struggle to maintain the average 2 percent pace of the recovery."

“It’s important to build new relationships and maintain bonds with these companies.”