At the International diamond week in Israel, which began on Monday, about 300 diamond companies from Israel presented their products to buyers from different countries.
According to Rapaport News, the participants of the opening ceremony of the event noted the need to return profitability to a large number of enterprises that make up the backbone of the entire diamond industry. Last year, the global diamond market was shaken because of a drop in demand, a lack of liquidity among diamantaires, and a near total lack of profitability in diamond cutters. President of Israel Diamond Exchange (IDE) Shmuel Schnitzer (Shmuel Schnitzer) noted the growing success of the event, which is held every six months.
Speaking at the opening ceremony of the international week, the US ambassador to Israel, Daniel Shapiro, noted the presence of 100 American diamantaires at the event and gave a positive outlook for the international diamond industry.
"The global economic crisis has affected all types of industry and most of the world, but we are coping so far," he said. "The economy is now improving in the US, which in turn should lead to a recovery of the entire global economy. a strong global economy, as well as a strong diamond industry. "
The ambassador added that for the United States diamonds and diamonds are the number one product in terms of exports to Israel and imports from Israel, and expressed the hope that this trade will help strengthen the ties between the two countries.
The International Diamond Week was organized in close cooperation with the Diamond Dealers Club of New York (DDC) and the Antwerp Diamond Bourse (Antwerp Diamond Bourse).