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  Italian Diamond looks to the future with positivity!   All over the world, the diamond industry is going through a very complicated period, and optimism and concern are protagonists. This is what was outlined by the President of the World Federation of Diamond Bourses Mr. Yoram Dvash, a reality of which the Italian Diamond Exchange ( Borsa Diamanti d'Italia)  has been a part since 1954. The world diamond industry is slowly getting back on its feet and the Diamond Exchanges are returning to activity albeit with the limitations of the period. Likewise, the retail markets, China and the United States in the first place, are showing encouraging signs of recovery.   In a report on the global diamond industry, Moody's Investors Service indicated that global revenues from diamond sales are expected to drop by 30-40% in 2020 due to the Covid-19 measures. And the market should gradually recover from the second half of this year.   Luigi Cosma, President of the Italia...

IDE & DMCC inks strategic accord!   In the wake of the agreement to normalize relations between Israel and the United Arab Emirates, the Israel and Dubai diamond exchanges have signed a strategic agreement of collaboration to promote cooperation and dialogue between the two bourses. The signing ceremony took place this morning in a video conference between the two bourses.   As part of the agreement, the Israel Diamond Exchange (IDE) will open a representative office in Dubai and the Dubai Multi Commodities Centre (DMCC) will open an office in Ramat Gan with the purpose of promoting trade between the two countries and assisting with business requirements.   According to the agreement the two parties will share experience and knowledge, will work together to promote bilateral trading opportunities and will collaborate on exhibitions, visits and conferences to intensify ties. They will also promote collaboration between IDE members and the DMCC and DMCC members an...

Eli Avidar left CIBJO office Now to run political office! Eli Avidar, CIBJO Vice President, has resigned his position at the World Jewellery Confederation, announcing that he plans to run for national political office during the upcoming parliamentary elections for the Israeli Knesset, which will take place on April 9. "Five years ago I had the honour and the privilege to be invited to join the CIBJO Board of Directors by the President, Dr. Gaetano Cavalieri, and given the opportunity to serve as Vice President. In 2007 I left the Israeli Foreign Ministry, where I had served as a career diplomat, to join the diamond industry. Now 12 years later, I feel compelled to go back and serve my people, as an elected member of the Israeli Knesset." "I greatly value my time in the industry, and in particular the period I served as a CIBJO officer," Mr. Avidar continued. "In particular I feel indebted to Gaetano, who taught me a great deal about the mea...

To be held from January 28 to 30, 2019 at IDE IDWI will feature 200 Israeli Exhibitors of polished diamonds Registration is now open for the eighth International Diamond Week in Israel (IDWI), to be held from January 28 – 30, 2019 at the Israel Diamond Exchange (IDE). The event has become a staple on the global diamond calendar, and attracts hundreds of international buyers from over 20 countries every year. IDWI is held on the immense trading floor of the Israel Diamond Exchange (IDE). It will feature 200 Israeli exhibitors of polished diamonds, with huge amounts and varieties of goods on offer. In contrast to the large, expensive trade shows, IDWI is a boutique show, exclusively for diamond buyers, with minimal participation costs. Moreover, eligible buyers will receive three complimentary nights at a local hotel. IDE President Yoram Dvash said: “IDWI has become a tradition in the diamond world and each year it has become bigger and more exciting. T...