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Israel, Shanghai Bourses Strengthen Cooperation
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Members of the Israel and Shanghai diamond exchanges are set to sign a cooperation agreement during the inaugural Israel Diamond Week that opens in the Chinese city on Tuesday.The three-day event marks the first time...
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Polished Markets
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Jul 15, 2019
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Rapaport News
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Israel Bourse Unveils ‘Real Diamonds’ Campaign
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The Israel Diamond Exchange (IDE) haslaunched an international awareness campaign, highlighting the unique featuresof natural diamonds.The bourse will promote its “I lovenatural diamonds” campaign — which it says is the first internationalinitiative by a global diamond center...
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Marketing
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Jul 01, 2019
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Rapaport News
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Synthetics: Coming to a Bourse Near You?
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The rise of lab-grown diamonds might finally be tricklingthrough to the historic heart of the trade: the diamond exchanges.It began last November, when Anoop Mehta, president ofMumbai’s Bharat Diamond Bourse (BDB), told Rapaport News...
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Polished Markets
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May 14, 2019
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Joshua Freedman
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New Israel Bourse Tower Will Be Nation’s Tallest
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The Israel Diamond Exchange (IDE) plans to expand itspremises into three new towers, one of which will be the tallest building inthe country and among the 10 highest in the world. The bourse will build...
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Polished Markets
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Apr 08, 2019
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Rapaport News
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Angola to Hold Rough Tender in Israel
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Angola’s national diamond-trading company, Sodiam, has agreed tohold its first rough tender in Israel. Representatives from Israel’s government and diamond industry reached the deal with Angolan officials during a recent visit to the...
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Rough Markets
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Mar 17, 2019
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Rapaport News
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China to Host Israel Diamond Week
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The first China-Israel Diamond Week will take place in Shenzhenin April. The event — organized by the Israel Diamond Exchange(IDE), the Shanghai Diamond Exchange (SDE) and Guangdong Land Holding — willinclude a seminar, the signing...
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Rough Markets
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Feb 27, 2019
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Rapaport News
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Israel’s Export Slowdown Eases in 2018
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Israel’s polished-diamond exports showed signs ofstabilizing in 2018 after three years of heavier declines, according togovernment data.Shipments slipped 2.5% to $4.48 billion for the year, thenation’s Ministry of Economy and Industry reported Sunday. That...
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Polished Markets
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Jan 07, 2019
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Rapaport News
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WFDB Names Shanghai Bourse Chief as VP
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Lin Qiang has succeeded Yoram Dvash as vice president ofthe World Federation of Diamond Bourses (WFDB), with the latter taking on a newrole as head of a strategic body.Qiang has served as president of the Shanghai Diamond Exchangesince its...
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Polished Markets
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Nov 01, 2018
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Rapaport News
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Israel Trade Signs Alibaba Consumer Deal
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The Israel Diamond Exchange (IDE) has expanded its collaborationwith Alibaba by introducing sales directly to Chinese consumers. Israeli diamonds will be available as loose stones on Ali Auction, the Asian e-commercegiant’s luxury platform, the IDE...
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Retail
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Oct 18, 2018
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Rapaport News
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Israel Urges India to Reduce Diamond Tax
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Israel Diamond Exchange (IDE) president Yoram Dvash hascalled for India to lower its 5% import duty on polished diamonds, claiming itrestricts trade between the two countries. “The tax makes it very difficult for Indian...
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Polished Markets
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Jul 03, 2018
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Rapaport News
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Israel to Polish Large Diamonds from China
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Chinese diamond companies will send large stones forpolishing at a new manufacturing facility in Israel, the Middle East nation’sindustry body said. Bourses in the two countries reached the agreement thisweek during a visit to Israel by Lin...
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Manufacturing
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Jun 28, 2018
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Rapaport News
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Israel Bourse Ends Cryptocurrency Deal
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The Israel Diamond Exchange (IDE) has terminated itspartnership with Carats.io because the cryptocurrency company did not haveregulatory approval, both organizations told Rapaport News. The IDE has required Carats.io to cease all...
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Technology
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Jun 26, 2018
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Joshua Freedman
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WFDB Asks Ernie Blom to Remain as President
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Ernie Blom is poised to serve another two years as president ofthe World Federation of Diamond Bourses (WFDB), after Yoram Dvash turned downthe role. “The executive of the WFDB at their meeting [in Germany inMarch] asked...
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Polished Markets
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May 16, 2018
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Joshua Freedman
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Israel Extends Tax-Free Inspection Period
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Israeli authorities have lengthened the amount of time dealers can spendinspecting polished diamonds without paying a 0.1% import duty. Diamond controller Danny Tal, Israel’s regulator for theindustry, will now allow companies up to 30 days...
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Financial-Legal
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Apr 25, 2018
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Rapaport News
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Israel Bourse Strikes Deal with Alibaba
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The Israel Diamond Exchange (IDE) will launch a partnershipwith Chinese e-commerce giant Alibaba Group, enabling traders to sell goods onlineto businesses and consumers in global markets.Some 150 bourse members have formed an online store...
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Technology
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Jan 25, 2018
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Joshua Freedman
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Israel Bourse to Launch Cryptocurrencies
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The Israel Diamond Exchange (IDE) plans to reveal two newcryptocurrencies createdspecifically for the diamond industry by startup CARATS.IO, the exchange said Monday.CARATS.IO will host a seminar during the International Diamond Week in Israel (IDWI),...
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Rough Markets
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Jan 15, 2018
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Rapaport News
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Israel Takes Its Cut from 813ct. Constellation
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Theleaders of Israel’s diamond trade have been trying hard of late to showcase anddevelop the nation’s prowess in cutting larger stones. It was thereforeunsurprising that the Israel Diamond Institute (IDI) proudly announced inNovember that local...
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Mining
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Dec 13, 2017
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Joshua Freedman
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Dvash Gets Second Term as Israel Bourse President
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Yoram Dvash has won a second term as president of the IsraelDiamond Exchange (IDE) after running uncontested, the bourse announced.The IDE’s general assembly approved Dvash (pictured) for a three-yearterm on Tuesday. No bourse-wide election took place...
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Polished Markets
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Nov 02, 2017
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Rapaport News
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Israel to Host High-Value Letšeng Rough
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Gem Diamonds will bring viewings of rough diamonds from thehigh-value Letšeng mine to Israel next month, after previously only offeringits goods in Antwerp.The first viewings, mainly featuring stones above 10.8 carats fromthe deposit...
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Rough Markets
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Sep 14, 2017
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Rapaport News
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Israel Eyes Diamond-Backed Currency
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The Israel Diamond Exchange (IDE) has collaborated with startup company CARATS.IO to launch a diamond-backed digital currency.Trading in “CARATS.IO Diamond Currency,” or CDC, will be based on an index that reflects activity in the IDE, the Israel Diamond...
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Polished Markets
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Sep 10, 2017
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Rapaport News
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