Leo Schachter Diamonds Ltd. was again Israel’s top diamond exporter in 2012, according to the annual list of Israel’s top 25 diamond exporters announced by the Ministry of Industry, Trade and Labor.
The list only takes into account Israel Diamond Exchange companies that agree to have their export figures published.
The top-25 list does not include 12 diamond firms with a combined US$878 million in exports which asked for their figures to be excluded.
Among them was diamond tycoon Lev Leviev’s L.L.D. Diamonds which was top of the list for many years before Leo Schachter Diamonds Ltd. replaced it in 2011. This is the second year that L.L.D. Diamonds does not appear.
Leo Schachter Diamonds Ltd. posted a 21-percent slump in exports to US$317 million in 2012 from US$403 million in 2011.
The company's drop in exports is in line with the recently reported fall in the Israeli diamond industry's 23-percent slump in polished goods of US$5.56 billion in 2012.
However, MID House of Diamonds retained its second place in the list of top exporters, with a figure of US$238 million last year which was almost unchanged from the 2011 figure of US$239 million.
Meanwhile, A.A. Rachminov Diamonds (2000) Ltd. was again third on the list, reporting a 17-percent drop in exports to US$180 million.
South Africa-based Safdico (Israel) Ltd., which launched an Israel office three years ago, was in fourth place reporting exports of US$154 million in its first appearance on the list.
In fifth place was Niru Diamonds Israel (1987) Ltd., which was sixth last year, reporting an 8-percent jump in exports to US$120 million.