International Diamond Week in Israel (IDWI), which took place from 13 to 16 February, ended with good results. Its members have demonstrated an optimistic view of the future of the diamond industry.
The event began with a praise of the diamond industry by the Minister of Tourism Yariv Levin (Yariv Levin). Next IDE President Yoram u'Dvash (Yoram Dvash) expressed his confidence in the prospects of the industry. As the events of three days of the show showed good prospects for the diamond industry. IDI Chairman Shmuel Schnitzer (Shmuel Schnitzer) called IDWI "welcome initiative" and added: "This year's show is promising, and I wish all of us great success."
ALROSA's promise to cooperate with the Israeli diamond industry for the continuous supply of rough diamonds has given a positive attitude in the participants IDWI. The opening of the international tender for the consolidation of the center of the diamond and the diamond trade under one roof can be a strong tool for the Israeli Diamond Industry. Memorandum of Understanding (MoU) that was signed between the young representatives of the Hong Kong Jewelry Manufacturers Association (Jewellery Manufacturers Association of Hong Kong, HKJMA) and IDE for cooperation and business development, has become an important part of IDWI and can give new impetus to the industry.
Jean-Marc Lieberherr (Jean-Marc Lieberherr), CEO of Diamond Manufacturers Association (Diamond Producers Association, DPA), made a statement of strategic direction of the diamond marketing program, and then invited the members of the Israeli diamond industry of marketing materials produced by DPA. He also suggested that the diamond industry organizations become DPA partners in joint programs.
IDWI ended with the optimistic expectation of a brighter future for Israel, and for the international diamond industry.
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The first auction of diamonds of the newly established Indian Diamond Trading Center (IDTC) in the Special Customs Zone of the Indian Diamond Exchange (Bharat Diamond Bourse, BDB) will be held from November 21 to 25, 2015, the media reported.
At 4,000 square meters. Meters of a special zone equipped in accordance with world standards, small and medium-sized companies of the Gem and Jewelery Export Promotion Council (GJEPC) and BDB can easily purchase diamonds directly from manufacturers.
Annually, diamonds are imported to India by about $ 16 billion. Although 70% of rough stones are supplied by mining companies, the rest is purchased in the diamond markets of Antwerp and Dubai.
Participants in the auctions will be selected directly by the diamond mining companies themselves.
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