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Israeli Diamond Industry Marches On Despite War.

In a press release issued on July 19, Simcha Lustig, chairman of the Israel Diamond Institute (IDI,) said that there has been no interruption in the manufacturing or import and export of diamonds in Israel. "I have no doubt that we will be able to continue to fill all of our clients' needs for the coming season," he said.

The diamond center in Ramat Gan is located in the central part of the country, which has not been directly affected by the violence. Work in the Diamond Exchange, polishing plants, and all related services have not been affected during this time.

Israel Diamond Exchange president Avi Paz said that buyers from abroad have continued to show their support. "Despite the situation, we're pleased to see that buyers are continuing to visit the bourse, even during this week," he said.

To show the industry's determination to continue in a normal routine, the Israel Diamond Manufacturers' Association (IsDMA) chose to hold a scheduled event this week, honoring fourteen Israel Diamond Industry Dignitary Award recipients.

The ceremony was organized by IsDMA managing director Moti Ganz, who noted the importance of holding this event even during Israel's difficult times. "The strength we display far from the front will help ensure the success of the Army's efforts in the North," he said.


Posted by Barry Gutwein on July 19, 2006 10:49 PM in Diamond News | Comments (10)

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