Rapaport News


Polished Markets


Advanced search
Latest Articles
Rough Markets
Polished Markets

New Israel Bourse Tower Will Be Nation’s Tallest

Diamond exchange to construct 120-story building in Ramat Gan complex.
Apr 8, 2019 6:02 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share

The Israel Diamond Exchange (IDE) plans to expand its premises into three new towers, one of which will be the tallest building in the country and among the 10 highest in the world.

The bourse will build the 120-story tower within the IDE complex in Ramat Gan, along with two skyscrapers reaching 77 and 88 stories. The new buildings will increase the bourse’s current space from 100,000 to 800,000 square meters.

“Over 10,000 business owners and employees pass through the diamond-exchange buildings daily, and this is expected to increase with the new polishing plants that we are planning to build within the bourse,” IDE president Yoram Dvash said Monday. “Our members need the strict security arrangements of the diamond exchange, the best of their kind in the world, and prefer to handle all their business in one large business complex where all services are available.”

The IDE will allocate a portion of the new area to bourse members, with the remaining space leased to other businesses, it noted.

The new complex will connect with the Tel Aviv central railway station, as well as the new light rail line that is under construction, the bourse added.

Image: How the new Israel Diamond Exchange complex is expected to look. (Israel Diamond Exchange)
Tags: IDE, Israel Diamond Exchange, Rapaport News, Yoram Dvash
Similar Articles
Rapaport LogoRapaport Weekly Market Comment
Jan 14, 2021
Polished sentiment positive despite limitations on travel due to Covid-19. Shortages...
What to Expect in the Industry This Year
GIA Launches Cultured Pearl Report
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First

Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
twitter twitter
About Rapaport
Advertise with us