A special conference dedicated to the distribution of rough diamonds for the benefit of young players of the diamond exchange was held in Israel on December 25. It became part of the policy of the leaders of the country's diamond industry to develop the local cutting industry. The conference was organized by the Chairman of the Israeli Diamond Exchange (IDE) industry committee Yoram Dvash together with Panford Ltd., the Israeli Diamond Industry portal reports.
The conference was held on the territory of IDE, the guests of the conference were the honorary president of IDE, Shmuel Schnitzer, director of Panford Dudi Shiama, IDE managing director Moti Besser, managing director of Israel Diamond Institute, IDI, Eli Avidar, Joram Dvash, chairman of the IDE Committee on Industry, members of the company's board of directors, members of the industry committee, and 60 young diamantaires who applied for the distribution of rough diamonds.
The honorary president of the IDE, Shmuel Schnitzer, said: "Local cutting companies are very important for the diamond industry in the region, especially in our region, and we have long worked together with the Diamond Manufacturers Association and the Israeli Diamond Institute to bring the facet industry back diamonds to Israel. "
"This conference seems to me particularly interesting, because the topic of diamonds is close to me, I really appreciate that 60 young diamantaires decided to start a limited business in Israel, despite the fact that it is not easy to trade diamonds, and the prices of rough diamonds continue to grow," said Yoram Dvash - The diamond industry stands on three pillars: raw materials, cutting and marketing.Where in Israel, we need to develop the cutting industry in order to become attractive to buyers.We made a big step in this direction with the organization of the future nnogo cutting and polishing center in which cutters ten teams already started to work. "
According to the agreement on the distribution of rough diamonds, young diamantaires must provide a feasibility study and use the purchased diamonds for cutting within Israel. Each distribution will reach the amount of $ 150-200 thousand.