“Get Diamonds” platform will soon be available in Russian, Hindi, Arabic and any other languages as per demand from any countries

A first-generation diamantaire Yoram Dvash, currently serving as the Acting President at World Federation of Diamond Bourses (WFDB) and the President of the Israel Diamond Exchange (IDE), launched his diamond manufacturing and trading...

25 may 2020

Sustainability is the only way forward - Rahul Jauhari

Rahul Jauhari, Sr Vice President of Global Sales & Marketing, Star Rays, has forged ahead professionally for more than 14 years garnering experience in Business Development, Luxury Lifestyle Consultancy, Market Analysis, Global Fashion / Luxury trend...

18 may 2020

Keeping global supply chains functioning vital – De Beers

Diamond giant, De Beers has said that it is essential to keep global supply chains functioning in view of the substantial impact of Covid-19 on the industry. Group spokesperson David Johnson told Rough & Polished’s Mathew Nyaungwa in an exclusive interview...

11 may 2020

Gabon courts foreign investors to grow fledgling diamond sector

Diamond production in Gabon, which has been a member of the Kimberley Diamond Certification Process since 2018, is currently dominated by artisanal miners. The artisanal miners are producing about 300 carats per month, according to Gabon’s director of...

05 may 2020

TaTe Diamonds - a Namibian diamond company specialized in Namibian rough

Armed with degrees in Economics and Commerce and an MBA - specialized in Strategic Planning & Business Development, taShi Shiimi-ya-Shiimi is an executive, possessing many years of global experience in Information Technology and Strategic Management...

27 april 2020

Israel's diamond industry remains idle

19 may 2020
Israel Diamond Exchange in better days                                                                                      Image Credit: IDE

While the Israeli economy is slowly returning to normal as COVID-19 measures are gradually relaxed, Israel's diamond industry continues to be at a standstill, as the Tel Aviv diamond bourse remains closed and the diamond district as a whole is still a ghost town, the Diamond Loupe writes, citing Reuters.
While the activities in other major hubs, like Antwerp, have resumed, the Israeli diamond community is struggling to reopen production and trading facilities and comply with continued restrictions and social distancing measures.
According to Reuters, Israel's diamond trade decreased by 90% compared to the same period last year, and the industry missed out on some US$ 1.5 billion in transactions in the past two months alone. As stated by Yoram Dvash, President of the Israel Diamond Exchange, the industry leaders are yet to receive news on additional financial government guarantees they have requested to expand the US$ 850 million in existing credit lines to US$ 1 billion.
Alex Shishlo, Editor of the Rough&Polished European Bureau