The first quarter of 2017 shows an impressive rise in export
A rise of 15.6 percent in the export of cut diamonds from Israel in the months January through March 2017. This, according to a report by the diamond industry supervisor in the Ministry of Economy and Industry. This is the third positive quarter over the past two and a half years, according to Rapaport calculations. In addition, this quarter saw an increase of 4.1 percent in raw stone import to Israel.
In total, the value of diamonds exported in Q1 of 2017 is estimated at 1.7 billion USD.
Yoram Dvash, President of the Israeli Diamond Exchange, responds: “2017 kicked-off with an optimistic sense of action, and here, the data supports the feeling. From the beginning of the year, we’ve taken numerous steps to strengthen the export from Israel. We opened an auction center for raw stones, produced Diamond International Week - our especially successful diamond exhibition, and more. We still have a lot to do, and we are thoroughly preparing for all the changes in the international market. I hope and believe that the growth we’ve seen in this quarter will continue throughout the year, and in the future as well.”
