Israel Diamond Exchange to stage international diamond sales week in March

The Israel Diamond Exchange (IDE) is to hold an International Diamond Week in Israel for accredited diamond dealers at the bourse in late March. The IDE will also three diamond tenders and an auction of special diamonds and jewelry.

The rough and polished diamond sales event follows in the footseps of the success of the Israel Diamond Week in New York in December where close to 50 Israeli diamond companies exhibited on the trading floor of the Diamond Dealers Club (DDC).

IDE President Yair Sahar said the IDE would first of all invite members of the DDC and other U.S. diamond industry and trade organizations. "These include members of the diamond bourses in Miami and Los Angeles and of the Diamond Manufacturers & Importers Association of America."

The Israeli exchange will also welcome diamond firms which are members of other World Federation of Diamond Bourses affiliated exchanges, as well as members of other accredited diamond organizations worldwide.

"Ramat Gan is a leading, global diamond trading center, which offers lots of opportunities for profitable diamond business ventures," Sahar says.

"The event in March is the first of several customized diamond buying opportunities IDE will be organizing in 2013 with the specific aim of lowering the threshold and attracting diamond buyers to Israel," he said.

The event is due to take place a week before Passover, so that Jewish traders can take part in the event and combine it with a personal visit to Israel.

The Israel Diamond Institute is supporting the Israel week by providing lower room rates at the designated venue hotel.

March will also see three firms holding diamond tenders at the exchange. These include Russia's Alrosa, which will stage a rough diamond tender for stones of 10.8 carats and larger.

In addition, De Beers broker I. Hennig & Co. Ltd., and Fusion Alternatives Tenders, which specializes in international diamond tenders, are due to stage a rough diamond tender.

A tender will also be held by Ediamonds, which tenders rough diamonds from Africa and Australia.

Furthermore, Israeli-French auction house, Tzoffey's 1818, will stage an exclusive auction for special loose diamonds and outstanding diamond jewelry pieces.

In addition, international industry commentators and analysts will be giving presentations on issues of interest to members of the diamond industry.

"The various events that will be organized before, during and after the International Diamond Week in Israel in March target a range of audiences that have a lot in common. This multi-facetted platform will be a great opportunity for foreign and Israel diamantaires to network and do business," Sahar concludes.