As per the data released last week by the diamond controller, Shmuel Mordechai at the Trade and Labour Ministry, Israel there was a 58.3% drop in the export of polished diamonds compared to the same period last year. For full story, click here
The Chairman of the Israel Diamond institute and President of IDMA, Moti Ganz announced that it has hosted Israel’s new Minister of Industry, Trade and Labor Binyamin Ben-Eliezer during his first visit to Israel’s Diamond Industry yesterday. For full story, click here
The Israel Diamond Institute Group of Companies has launched a groundbreaking Russian version of the Israeli Diamond Industry Portal, the definitive B2B website for the Israel trade. The site was presented at a press conference by Avraham Traub, Chairman of the IDI Finance Committee and Honorary President of the Israel Diamond Manufacturers Association. For full [...]
As per IsraelNN.com, Israel was the world’s leading supplier of polished diamonds in February. For full story, click here
A new strategic marketing program known as Together Works, designed to give jewelers round-the-clock access to Israeli diamonds, kicked off at the Israel Diamond Institute annual press event at BaselWorld on Friday. For full story, click here
The Israel Diamond Institute Group of Companies unveiled that it has promoted Orna Chait as its Deputy Managing Director and Chief Information Officer, entrusting her with the portfolio of managing the Information Technology and online services of the IDI Group of Companies. For full story, click here
While the full impact of the global financial meltdown remains unknown, the Israel Ministry of Industry, Trade and Labor released data for 2008 showing sharp declines in diamond sales. The Israel Diamond Exchange president Avi Paz said: The downturn in the economy in the world affected diamonds like it affected everybody. For full story, click [...]
As economic turmoil spread around the globe in ‘08, the diamond industry lost some of its brilliance. The industry was doing well until about September, then diamond prices and sales went on a steep descent. Diamond prices are down about one-third since their high last August
When 2008 started off, the world’s mining industry was in the mist of a boom, with never before seen prices being fetched for most of the metals, and miners raking in profits. With the way 2008 came to a close, it is hard to imagine that this was the scene just months earlier.
The Diamond industry is heading to Hong Kong with high hopes that strong Far East demand will sustain high price levels. The diamond industry concerned that economic hardships in the US will dampen holiday jewelery demand, as Christmas is when jewelers realize the majority of their annual sales.
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