Sunday, August 25, 2013

Israel's U.S., International Diamond Week Opens Monday

The U.S. & International Diamond Week is scheduled to open on Monday with approximately 500 buyers from 22 countries expected to attend. Around 365 Israeli companies and 28 U.S.-based suppliers will be exhibiting on the trading floor during the week.

Yair Sahar, president of the Israel Diamond Exchange (IDE), which is hosting the event, noted that companies will have billions of dollars’ worth of polished diamonds on offer, mainly in 1 carat sizes and up. 

Delegations attending the event include from the Diamond Dealers Club of New York (DDC) headed by Reuven Kaufman, president of DDC,  a Far East delegation led by Conroy Cheng Chi-Cheng , a director at Chow Tai Fook Enterprises, as well as high profile delegations from India and Russia  and individual buyers from across the globe.

As part of the program, a number of rough auctions will take place, including by De Beers, ALROSA, Rio Tinto, and I. Hennig-Fusion. In addition, the Rapaport Group will hold its single stone polished auction, and Tzoffey’s 1818 Auction House will hold an exclusive auction of diamonds, colored gemstone and jewelry.

IDE has compiled a full program of events during the four days as presented below.

Separately, IDE and DDC will hold the second annual Israel Diamond Week in New York in November. The event follows the success of the inaugural diamond week that took place one year ago and served as a precursor to the U.S. & International Diamond Week that took place in Israel in April and again this week.

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