News

News

A Swiss company bought Alrosa's biggest diamond

The Swiss-American luxury company "Mouawa" has purchased a 51.38 carat diamond, the largest and pureest of the five stones offered for sale by the Russian mining company Alrosa. According to Mawad, this is a traditional, round, brilliant diamond in the colors D and VVS1, making it the largest diamond ever made in Russia.

De Beers Diamond Jewellery opened its fourth shop in Hong Kong
The retail chain of the De Beers, De Beers Diamond Jewellery, recently opened a store at the Harbor City Mall in Kowloon, Hong Kong. 92 square meters in size, the shop is the fourth opened in the city so far.
GJEPC report: a decline of 10% in funding of gems and jewelry in India
India's Gem and jewelry Export Promotion Council (GJEPC) has reported that the 10% decline in bank finance to the gem and jewelry sector over the last few months will adversely impact exports from the industry this year.
President of IDE met with the Prime Minister at a meeting initiated by "LAHAV"
On August 1, the President of the Israeli Diamond Exchange, Mr. Yoram Dvash, met with the Prime Minister at a meeting organized by LAHAV, the Israel Chamber of Independent Organizations and Businesses.
An unbelievable discovery: The interior of the earth contains a "quadrillion tons" of diamonds.

In a new study, scientists found that the Earth's cratonic roots- the ancient parts of Earth's rocks that look like upside down mountains, located in the center of the tectonic plates and spanning 321 kilometers - contain up to two percent of diamonds.

The Socio-Economic Club of the Diamond Exchange host Nir Dvori

On July 30, we were happy to host Nir Dvori, the military correspondent of the news company, at the Socio-Economic Club of the Diamond Exchange

The Center for Innovation signed a contract with INOVA
INOVA is a start-up company that develops technological solutions for online marketing of diamonds and jewelry through augmented realty (AR).
Dr. Karnit Flug, Governor of the Central Bank of Israel visited the Diamond Exchange

On Wednesday July 11 th , Dr. Karnit Flug, Governor of the Central Bank of Israel visited the diamond exchange. Dr. Flug is one of the leading and most important women in the Israeli economy and has been well acquainted with the challenges the exchange have been facing in recent years.

 

Deputy Minister of Finance, Mr. Yitzhak Cohen, visited the Diamond Exchange
Last Thursday, an important meeting was held between Deputy Minister of Finance Yitzhak Cohen and the President of the Diamond Exchange Mr. Yoram Dvash. They were joined by Mr. Ido Sofer of the Budget Division of the Ministry of Finance and Mr. Danny Tal, Supervisor of Diamonds from the Ministry of Economy. Representing the branch with them were President of the Israel Diamond Institute, Mr. Boaz Moldawsky, the President of the Israel Diamond Institute, Mr. Hezi Blum, Vice President and Chairman of the Culture Committee Mr. Ben Zion Shasho, Vice President and Chairman of the Legal Committee Mr. Eyal Fruchter .
The value of the Bitcoin currency is approaching an explosion, similar to the dot.com bubble

The Bitcoin virtual currency, which was previously crowned a "game-changer" to the whole economy, retreated on Friday 29th, completing a 70% fall from the peak it climbed in December, making it even closer to the 78% the NASDAQ index fall after the burst of the dot-com bubble in the US between 1995 and 2001, when the NASDAQ index stood at 5,132.52 points .


The Chief Minister from India promises to intervene in the issue of 6% tax
During the reception held for Mr. Vijay Rupani, the Chief Minister of the State of Gujarat India, a brief meeting was held with President of the Israel Diamond Exchange Mr. Yoram Dvash, Diamond Inspector Mr. Danny Tal and Mr. Elliott Tannenbaum. Mr. Ranjeet Barmecha and Patel Hitesh Lallubhai(lalu), Indian Diamantaires, also joined the meeting.
Chief Minister of the State of Gujarat in India, Mr. Vijay Rupani, visited the Diamond exchange

On July 1st, Mr. Vijay Rupani , Chief Minister of the State of Gujarat, India, visited the Diamond and met with the President of the Diamond Exchange, Mr. Yoram Dvash, IDI Chairman Mr. Boaz Moldawsky, President of the Manufacturers' Association, Mr. Kobi Kore, Vice President, Mr. Hezi Bloom and other members of management.