The Israel Diamond Exchange (IDE) plans to hold its first International Rough Diamond Week (IRDW) from March 9 to 13, 2014. A diverse series of rough diamond tenders will be held during the five-day event. Among the companies that will stage rough diamond tenders are ALROSA, De Beers, Rio Tinto Diamonds, I Hennig/ Fusion Alternatives and Tzoffey's.
deputy president, Arnon Juwal, who heads the IRDW organizing committee,
said that for the Israeli diamond center to go forward, more rough
diamond trading and sourcing is needed. "If we are to boost the
manufacturing of polished goods in Israel, we need to increase the flow
of rough to our industry. By creating recurring anchor events for rough
diamond tenders, as well as auctions, we are placing these efforts high
and visibly on our industry's agenda."
Juwal said he was
encouraged by the response from rough diamond producers, traders and
diamond manufacturers in participating in the event. "The rough diamond
supply channels are going through significant changes, with rough being
produced and traded by a significantly larger number of players than
ever before. Spearheaded by the IDE's efforts, Israel's diamond industry
strategy is to build long-term, value adding alliances with these
IDE's president, Shmuel Schnitzer, said the IDE
intends to hold an International Rough Diamond Week several times
throughout the calendar year. "This is a long-term initiative that will
strengthen and boost Israel's position as the world's most versatile and
dynamic diamond trading hub. Rough diamond trading is an essential
component of our industry's vitality. We have the resources,
infrastructure and a highly motivated, closely knit diamond business
community. Therefore, I am confident of this venture's success."