Israel Diamond Institute (Israel Diamond Institute, IDI) announced that the Israel Diamond Exchange (Israel Diamond Exchange, IDE) and the Diamond Dealers Club of New York (DDC) will hold a fifth of the Israeli Diamond Week in New York City from October 31 to November 2, 2016 . The event will be held at DDC trading floor in midtown Manhattan.
IDE President Yoram u'Dvash (Yoram Dvash) said that after a positive climate for diamond sales, witnessed at the recent JCK Las Vegas, he has high hopes for the sale of Israeli diamonds in the US market.
"The Israeli Diamond Week in New York - it's a win-win event for members of the two exchanges, - says u'Dvash. - As members of the DDC, and nearly 100 diamond traders IDE will receive free access to a wide range of products, thus increase their business potential. From past experience we know that the US market likes to buy and sell, and we are confident that these products will have access to the market for the upcoming holiday season in the United States. We thank the management of DDC in New York for the opportunity to re-organize this successful event. "
DDC president Reuven Kaufman (Reuven Kaufman) said he was very pleased the overall initiative, noting the improvement of business relations between members of the two exchanges since the beginning of the program of work. Kaufman also said that he is optimistic about the event, building on the positive trend observed in the present time in the US market.
U'Dvash also expressed optimism, saying that "all factors point to a good holiday season in the United States."
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US diamond imports in September fell by 23% year-on-year, to $ 1.6 billion. This is the second-largest drop in imports this month. In terms of volume, imports fell 19%, to 923,229 carats at an average price of $ 1,774 per carat. Meanwhile, polished exports fell 17% to $ 1.5 billion, respectively, net imports decreased by 37% to $ 178.1 million. In August, imports were $ 1.6 billion.
In September, rough diamond exports jumped 199% , To $ 14.9 million, while its imports increased by 16%, to 34.8 million, and therefore, net imports of diamonds decreased by 21%, to 19.9 million. The balance of diamond trade, reflecting the difference between the net Import and export, fell by 50%, to $ 398.8 million.
During the first nine months of the year, polished imports fell 2% year-on-year to $ 17.7 billion,
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