News

IDE President Yair Sahar: “This is the biggest diamond exchange in the world and you are its future. Today, you are joining 1,500 young members with great potential.”

Friends of the Israeli diamond industry awards to be presented on May 21 to 13 people who had an influence on the way the Israeli diamond sector has developed. The event is open to the public.

Alrosa expects to report a net profit of around $1 billion in 2013 as it did last year. The Gokhran, Russia's state minerals repository, is expected to acquire $100 million of diamonds from Alrosa

There was a 20% rise in polished imports from India during the quarter to $2.19 billion, while imports from Israel fell 7% to $581.7 million.

During his visit, the ambassador met with IDE President Yair Sahar and the leadership of the bourse, as well as paying a visit to the Trading Hall and was briefed on the importance of the diamond sector to Israel's economy.

In line with tradition, the IDE held a festive get-together which was attended by scores of bourse members. In particular, there was great excitement at the participation in the ceremony of Israel’s Chief Sephardic Rabbi Shlomo Moshe Amar.

Dominion Diamond Corporation has provided a revision to its forecast for the Diavik diamond mine for 2013 showing an 11-percent increase in output.

During the welcome ceremony, IDE awards token of appreciation to outgoing World Diamond Council President Eli Izhakoff and CIBJO Chairman Gaetano Cavalieri.

These are the trading hours and information relating to services at the exchange on Shavuot Eve, May 14.

The Israel Diamond Exchange will honor two leaders of the international diamond and jewelry industries, Eli Izhakoff, outgoing President of the World Diamond Council (WDC), and Gaetano Cavalieri, President of CIBJO, the World Jewellery Confederation, on Wednesday, May 8.

CIBJO, the World Jewellery Confederation, begins its annual congress in Tel Aviv today (May 7) following the two-day Ninth Annual Meeting of the World Diamond Council.