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MID Tops Ranking of Israel Diamond Exporters

Feb 26, 2017 4:49 AM   By Rapaport News
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RAPAPORT...
MID House of Diamonds was the leading Israeli polished-diamond exporter in 2016 for the second year running, according to a recent list published by the nation’s diamond controller.

The company’s exports declined 3.7 percent to $184 million in a difficult year for the country’s diamond trade. Each of the top five exporters experienced a drop in shipments in 2016, while overall polished exports fell 6 percent to $4.68 billion, government data showed.

Niru Diamonds Israel rose from third to second place despite its exports sliding 15 percent to $131 million. D.N. Diamonds ranked in third place, up from fifth last year, even as its exports fell 20 percent to $102 million. Ofer Mizrahi Diamonds’ shipments were flat at $101 million, putting the company in fourth place, while Leo Schachter Diamonds moved down one position into fifth after a 34-percent slump to $99 million.

Total polished exports by the top 20 companies amounted to $1.21 billion in 2016, representing 24 percent of the market, diamond controller Shmuel Mordechai said.

The list excludes about 15 companies that chose to keep their data confidential. Including these firms, total exports for the top 35 came to $2.27 billion, making up 46 percent of the nation’s polished shipments, Mordechai said.

Tags: D.N. Diamonds, diamond controller, Exporters, exports, Israel, Israel diamond exports, Leo Schachter Diamonds, MID, MID House of Diamonds, Mizrahi Diamonds, Niru Diamonds, Rapaport News, Shmuel Mordechai
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