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Israel Diamond Exchange To Expand.
The Israel Diamond Exchange (IDE) board of directors has officially approved the construction of a fifth building in the Ramat Gan diamond exchange. The new building will comprise of 28 floors and be connected to the other exchange buildings by a bridge, under one security umbrella.
The construction of the building will add approximately 28,000 square meters to the existing property, according to an IDE statement released on July 9.
“The board's approval is a most significant move for the Israel diamond industry,” said IDE president Avi Paz. “The additional building will strengthen Israel’s role as a leading trade center for the global diamond industry.”
