Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...


GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

Netanyahu: Diamond Industry Important to Israel

20 august 2012

In a meeting with Israeli Prime Minister Benjamin Netanyahu, the Israel Diamond Manufacturing Association president Bumi Traub proposed the establishment of diamond industrial parks employing sectors of society with low participation in the labor force, reported. Traub also proposed regulatory changes in order to facilitate additional bank credit for the diamond industry. "Tax Authority investigations chased away customers from abroad and really hurt the industry," he said.
Israel Diamond Manufacturing Association president Bumi Traub met last Monday with Israel Prime Minister Benjamin Netanyahu, as part of a meeting of the heads of the economic organization coordinating offices.
Over the course of the meeting, Traub updated the prime minister, informing him that ever since the tax authority investigation began their investigation of the local diamond industry in January 2012, foreign customers have stopped coming to Israel and diamond industry activity has seriously suffered.
Netanyahu instructed the relevant officials to do everything in order to return the diamond industry to its former position, noting, "The diamond industry is an important and significant industry to the Israeli economy." A team from the prime minister's office will meet in the coming days with Traub in order to come up with a list of recommendations for the prime minister of how to help advance the industry.
Traub emphasized that actions must be taken on two fronts simultaneously. On one hand, the establishment of a diamond industrial park - one that will incorporate work from certain sectors and sectors that have a low level of participation in the labor market – should be encouraged. On the other hand, regulations should be changed so that Israeli banks will grant additional credit to the diamond industry.
Other participants at the meeting included the Finance Minister Yuval Steinitz, Housing Minister Ariel Atias, Industry Trade and Labor Minister Shalom Simhon, Deputy Finance Minister Itzik Cohen, Prime Minister's Office Director Harel Locker, and the head of the National Economic Council Professor Eugene Kendall.