Wednesday, January 19, 2011

Diamdel Israel Inaugurates New Offices in Diamond Bourse

Over 300 Diamdel customers and members of Israeli Diamond Industry attended an inaugural reception this week in Diamdel's new offices on the 11th floor of the Yahalom Building in the Ramat Gan diamond exchange.

Limor Rosner, Head of Sales for Diamdel Israel, said the company was "delighted" to move to new premises that would offer its Israeli customers "more comfort, time, and ultimately buying opportunities at our online auction events in 2011."

Diamdel CEO Neil Ventura said that after the company greatly reduced its presence in Tel Aviv following "aggressive restructuring" in 2007, it was pleased to be in a position to engage this key diamond trading market more effectively.

In other news from Diamdel, the company has released data on its online rough diamond auctions for November and December 2010. Diamdel put 130 lots of diamonds up for auction in its second cycle and reported demand across all major client segments and all over the world.

127 diamond businesses participated in Diamdel's auctions in this period, with 58 winning lots. Fewer sightholders participated in the November/December auction cycle, and non-sightholders won 57% of the diamond sales by value.

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