Shmuel Schnitzer Urges Firms To Take Part In ‘One-Stop-Station’

Israel Diamond Exchange (IDE) President Shmuel Schnitzer is calling on diamond buyers worldwide to attend the September 1-4 International Diamond Week. Noting the recent, steady growth in the luxury product market, he called the event an ideal one-stop-station for purchasing polished diamonds, and which takes place just before a series of international gem and jewelry trade shows in Asia and elsewhere.

"With summer vacations starting for most players in the international gem and jewelry industry, the pace of business is shifting down and the buyers' markets are more quiet," Schnitzer said. "Meanwhile, in the major consumer markets in northern America and in Asia's major trading hubs, the luxury consumer product market is showing very promising signs of revival and significant growth. This bodes well ahead of the holiday season," he added.

"By September, the trend will be clear: the markets are going up and so is the demand for quality polished diamonds. Therefore, the International Diamond Week, to be held September 1-4, is a fantastic opportunity for diamond traders, dealers, distributors and wholesalers to stock up on diamonds to meet the demand that is coming their way as the holiday sales season approaches," Schnitzer stated.

Qualified and confirmed buyers will be offered up to four free hotel nights in the designated venue hotels as in previous editions of the International Diamond Week. "We have booked rooms at several hotels close to the Ramat Gan diamond exchange complex," said Moti Besser, the IDE's general manager. "They will be allocated on a first-come-first-served basis, and therefore, we urge interested buyers to register quickly and not to wait."

The September show will also feature an exclusive polished diamond auction by the Rapaport Group. Meanwhile, negotiations are also taking place with other partners for the organization of additional, value-adding events during the week.