Ramat Gan, Israel, January 21, 2009: The annual list of Israel’s largest polished diamond exporters was published by the Israel Diamond Controller’s Office in the Ministry of Industry, Trade and Labor. Topping the list once again is L.L.D. Diamonds Ltd., owned by Lev Leviev, with exports of $417 million in 2008.
Second on the list of top exporters is Leo Schachter Ltd. with $352 million. In the third place is A. Dalumi Diamonds with $182 million.
In the fourth place is Espeka Diamonds International Ltd. with $159 million; after that is Yerushalmi Bros. with $150 million in exports in fifth place.
Next on the list are: A.A. Rachminov Ltd., sixth place, with $141 million in polished diamond exports; PDD Diamonds, seventh place with $121 million in exports; M.I.D. House of Diamonds Ltd., eighth place, at $111 million; Niru Diamonds Israel (1987) Ltd. in ninth place, with $91 million and SN Asia (Israel) Ltd. in tenth place with $86 million.
Israel Diamond Controller Shmuel Mordechai said that the net polished exports of the top 25 exporters totaled $2.567 billion, accounting for 41% of Israel’s total net polished diamonds. Mordechai added that the list of 25 does not include 17 companies, who chose not to publish their export figures.
All of the exporters listed above experienced a drop in their polished exports in 2008, reflecting the trend that was experienced throughout the industry. Israel’s total polished exports stood at $6.240 billion in 2008, a drop of 12% over 2007 when they totaled $7.075 billion.
Moti Ganz, Chairman of the Israel Diamond Institute Group of Companies (IDI) and President of the Israel Diamond Manufacturers Association (IsDMA) and the International Diamond Manufacturers Association (IDMA), said that despite the drop in exports this year, the Israeli Diamond Industry would maintain its leading position within the world industry.
“The world economic crisis is affecting all sectors, not only diamonds. The Israeli Diamond Industry is working hard to find ways to succeed in these difficult conditions. I am confident that we will see the fruits of these efforts in the near future.” Ganz noted that the major diamond exporters have made an important contribution to the Israeli Diamond Industry, as well as to Israel’s economy. However, he said, that the strength of Israel’s diamond industry is based on a broad spectrum of industry members – manufacturers, exporters and traders.
IDI Managing Director Eli Avidar said, “Especially in these trying times, IDI applauds the achievements of all of the industry’s exporters. IDI continues to put its resources to work in promoting exports in traditional and developing markets -- to the benefit of Israeli diamantaires large and small.”
Showing posts with label IDI. Show all posts
Showing posts with label IDI. Show all posts
Wednesday, January 21, 2009
Tuesday, November 25, 2008
Israel Diamond Exchange celebrates 70th Anniversary
Ramat Gan, Israel, November 24, 2008: The Israel Diamond Exchange (IDE) celebrated its 70th anniversary last night at a gala event in the Mann Auditorium in Tel Aviv with the participation of thousands of diamantaires from Israel and abroad.
Special guests included Israel’s Minister of Industry, Trade and Labor Eli Yishai; Ramat Gan Mayor Zvi Bar; DTC Managing Director Varda Shine; Chairman of the World Diamond Council Eli Izhakoff; CIBJO President Gaetano Cavalieri and representatives from diamond exchanges in China, the U.S. and Europe.
Avi Paz, President of IDE and the World Federation of Diamond Bourses, thanked the many guests who came from all over the world, and said that their participation was a tribute to the importance of the Israeli diamond center within the world diamond industry.
About the world economic situation, Paz said: “At this time we must maintain our optimism. What we achieved over the past 70 years did not come easily! Our industry has gone through difficult times as well as periods of huge success and prosperity. At this time it is especially important to act with determination, optimism and cool-headedness.”
In his remarks Paz called upon Minister Yishai to act immediately to ensure that the Government’s emergency economic plan provides solutions for diamantaires harmed by the world economic crisis. Minister Yishai said that he would continue to do everything in his power to support the diamond industry. “Your leadership is a very special one – filled with wisdom, professionalism and modesty. You pursue your vocation with resoluteness and during this difficult time you are showing vision, determination and conviction. I believe in your abilities and I will always be at your service in all positions that I will hold,” he said.
Managing Director of Israel Discount Bank Giora Offer said that the Bank would stand firm in its support of the Israeli Diamond Industry. “I believe that you will continue to act in times of crisis with ethics, credibility and loyalty. Israel Discount Bank, the largest bank in the finance of Israel’s diamond industry, stands beside you. Together we will get through this period with a great deal of appreciation and esteem for your achievements of which we are all proud.”
One of the highlights of the evening was the bestowal of Honorary Membership in the Israel Diamond Exchange to DTC Managing Director Varda Shine. Avi Paz said: “Varda Shine is a pioneer in the global diamond industry. She is the only woman in the history of IDE to receive Honorary Membership. Varda is an excellent professional, a keen businesswoman, and above all a true friend of the Israel Diamond Exchange and the entire Israeli Diamond Industry.”
Shine thanked Avi Paz and the IDE for this award. “It is a great honor for me to receive this title and I feel proud to be the first woman to hold it,” she said. “The Israel Diamond Exchange has all it needs to succeed. Thanks to your human capital, entrepreneurship and strength you will know how to continue your path forward. We must all learn from the diamond during this period – to be transparent, clear and strong,” she added.
Shine reiterated that De Beers would significantly reduce the supply of rough diamonds in the near future and stressed that especially in these times it is important to remain optimistic. “The future of the diamond looks excellent, largely because there are no new mines in the world and the diamond is becoming rarer and rarer. At the same time, research is showing that during 2011 a growth in demand for diamonds is expected in countries with a developing middle class.”
Special guests included Israel’s Minister of Industry, Trade and Labor Eli Yishai; Ramat Gan Mayor Zvi Bar; DTC Managing Director Varda Shine; Chairman of the World Diamond Council Eli Izhakoff; CIBJO President Gaetano Cavalieri and representatives from diamond exchanges in China, the U.S. and Europe.
Avi Paz, President of IDE and the World Federation of Diamond Bourses, thanked the many guests who came from all over the world, and said that their participation was a tribute to the importance of the Israeli diamond center within the world diamond industry.
About the world economic situation, Paz said: “At this time we must maintain our optimism. What we achieved over the past 70 years did not come easily! Our industry has gone through difficult times as well as periods of huge success and prosperity. At this time it is especially important to act with determination, optimism and cool-headedness.”
In his remarks Paz called upon Minister Yishai to act immediately to ensure that the Government’s emergency economic plan provides solutions for diamantaires harmed by the world economic crisis. Minister Yishai said that he would continue to do everything in his power to support the diamond industry. “Your leadership is a very special one – filled with wisdom, professionalism and modesty. You pursue your vocation with resoluteness and during this difficult time you are showing vision, determination and conviction. I believe in your abilities and I will always be at your service in all positions that I will hold,” he said.
Managing Director of Israel Discount Bank Giora Offer said that the Bank would stand firm in its support of the Israeli Diamond Industry. “I believe that you will continue to act in times of crisis with ethics, credibility and loyalty. Israel Discount Bank, the largest bank in the finance of Israel’s diamond industry, stands beside you. Together we will get through this period with a great deal of appreciation and esteem for your achievements of which we are all proud.”
One of the highlights of the evening was the bestowal of Honorary Membership in the Israel Diamond Exchange to DTC Managing Director Varda Shine. Avi Paz said: “Varda Shine is a pioneer in the global diamond industry. She is the only woman in the history of IDE to receive Honorary Membership. Varda is an excellent professional, a keen businesswoman, and above all a true friend of the Israel Diamond Exchange and the entire Israeli Diamond Industry.”
Shine thanked Avi Paz and the IDE for this award. “It is a great honor for me to receive this title and I feel proud to be the first woman to hold it,” she said. “The Israel Diamond Exchange has all it needs to succeed. Thanks to your human capital, entrepreneurship and strength you will know how to continue your path forward. We must all learn from the diamond during this period – to be transparent, clear and strong,” she added.
Shine reiterated that De Beers would significantly reduce the supply of rough diamonds in the near future and stressed that especially in these times it is important to remain optimistic. “The future of the diamond looks excellent, largely because there are no new mines in the world and the diamond is becoming rarer and rarer. At the same time, research is showing that during 2011 a growth in demand for diamonds is expected in countries with a developing middle class.”
Subscribe to:
Posts (Atom)
Posts
