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Israel, Dubai Diamond Sectors Sign Trade Deal
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Diamond bourses in Israel and the United Arab Emirates (UAE) have signed a cooperation deal following the recent peace accord between the two Middle East countries.The Israel Diamond Exchange (IDE) will open...
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Polished Markets
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Sep 17, 2020
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Rapaport News
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WFDB Elects Yoram Dvash as President
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The World Federation of Diamond Bourses (WFDB) has voted in Yoram Dvash as its president for a three-year term, the organization said Tuesday.Dvash, who holds the same position at the Israel Diamond Exchange, had been...
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Polished Markets
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Sep 15, 2020
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Rapaport News
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World Diamond Congress Goes Virtual
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The World Diamond Congress will take place in a virtual format beginning September 14, giving industry leaders an opportunity to brainstorm ways of navigating coronavirus-related challenges. The biennial event, a joint meeting of the World Federation of Diamond...
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Polished Markets
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Aug 17, 2020
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Rapaport News
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Israel Bourse Calls for Tax-Free Trading Zone
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The Israel Diamond Exchange (IDE) has urged the government to establish an international free-trade area in the bourse complex, arguing that the tax-free zone would attract foreign companies and boost the local industry.The...
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Financial-Legal
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Jul 28, 2020
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Rapaport News
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Israel’s Union Bank Sells Diamond Portfolio
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Israeli finance company Peninsula has agreed to buy Union Bank’s diamond business, pledging to continue offering loans amid a shortage of credit in the domestic industry.Peninsula will pay between 55% and 70% of the loan portfolio’s...
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Financial-Legal
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Jul 14, 2020
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Rapaport News
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Israel Diamond Industry ‘on Verge of Collapse’
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Israel’s diamond industry is on the verge of collapse as the coronavirus has wiped out sales and forced business to stop, the president of the Israel Diamond Exchange said Wednesday in a letter to the government.The pandemic will cost...
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Polished Markets
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Jul 09, 2020
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Rapaport News
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WFDB Expands Membership Beyond Core Trade
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The World Federation of Diamond Bourses (WFDB) has opened its membership to companies outside the core diamond trade, aiming to make the group more relevant and influential.Organizations connected to the diamond industry, such as retailers,...
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Polished Markets
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Jun 08, 2020
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Rapaport News
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Israel Bourse Trading Floor to Reopen May 24
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The trading floor at the Israel Diamond Exchange (IDE) will resume “regular activities” next week, bourse president Yoram Dvash announced in a Facebook post Sunday.From May 24, the hall will function under a new...
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Polished Markets
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May 17, 2020
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Rapaport News
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Israel Bourse Resumes Certain Services
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The Israel Diamond Exchange (IDE) has become the latest bourse to revive operations, as trading centers around the world slowly return to action following lockdowns.Facilities including banks, the post office, customs, the diamond...
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Polished Markets
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May 06, 2020
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Rapaport News
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WFDB Head Ernie Blom Steps Down
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The World Federation of Diamond Bourses (WFDB) has named Yoram Dvash as acting president following Ernie Blom’s decision to stand down temporarily.The WFDB’s executive committee elected the Israel Diamond Exchange president in a Zoom meeting...
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Polished Markets
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Apr 20, 2020
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Rapaport News
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Israel Bourse Offers Two-Month Fee Discount
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The Israel Diamond Exchange (IDE) has temporarily reduced fees for members due to the severe slowdown in trading resulting from the coronavirus outbreak.IDE president Yoram Dvash announced a 50% discount on membership charges and...
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Polished Markets
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Mar 17, 2020
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Rapaport News
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Belgium, Israel Shut Diamond Trading Halls
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All diamond trading halls in Belgium and Israel are closing until further notice as the countries attempt to stem the spread of the coronavirus.Antwerp’s four bourses will shut their trading floors from Monday, the...
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Polished Markets
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Mar 15, 2020
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Rapaport News
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Israel Eases Trading Rules After Exports Plummet
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Israel’s diamond regulator has granted temporary concessions to promote shipments to and from countries affected by the coronavirus, after exports slumped in February.Dealers can now spend 90 days inspecting polished goods from certain virus-hit countries...
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Polished Markets
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Mar 12, 2020
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Rapaport News
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Alrosa Reveals Client List for 2020
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Alrosa has named 58 companies that qualify for its long-term rough supply in 2020.The annual reshuffle saw the mining company remove Belgium-based Blue Gems and Russia’s EPL Diamond from the roster, while...
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Rough Markets
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Feb 06, 2020
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Joshua Freedman
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Israel Diamond Week Goes International
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The upcoming International Diamond Week in Israel (IDWI) willfeature exhibitors from outside the country for the first time, in the hopes ofdrawing in more buyers. “There has been a lot of interest on the part of internationalcompanies...
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Rough Markets
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Dec 24, 2019
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Rapaport News
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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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