IDE to Hold Next US & International Diamond Week in Spring

RAMAT GAN, Israel, February 19, 2014 /PRNewswire/ --

In light of past successes and industry demand the Israel Diamond Exchange (IDE) will once again hold a US & International Diamond Week, this time in spring. Between 6-10 April, approved registered buyers will be offered up to four free nights' stay in one of the designated venue hotels, all of which are in close proximity to the diamond bourse. More than 150 international buyers have already registered and the organizers expect more than 500 buyers to attend.

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This is the fifth co-operation between the IDE and the Diamond Dealers Club of New York. More than $1 Billion of polished diamonds will be displayed by over 400 Israeli diamond manufacturers and trading firms. Moti Fluk, the chairman of the Diamond Week organizing committee, said: "There will be a huge variety of goods for sale on the trading floor, from cheaper goods to very exclusive and more expensive goods, in all shapes and sizes."

The trade event is taking place within the secure bourse buildings, where the largest trading floor of any diamond bourse in the world is present. By holding the Diamond Week in the bourse, organizers have ensured participants' costs are kept to an absolute minimum in an effort to pass those savings on to the buyers.  

The Diamond Dealers Club of New York expects to bring a significant delegation of members to the event.  DDC President Rauven Kaufman said that by offering exclusive but affordable diamond sourcing opportunities to his members, many DDC members who might otherwise choose not to participate, will be attending. "We're confident that the upcoming US Diamond Week in Israel will strengthen business relationships between American and Israeli diamond traders," he stated.

IDE President Shmuel Schnitzer emphasized the importance of the event's operational framework as well as its special character. "By bringing diamantaires back to the trading floor, we're creating a level playing field for all participants. This, in my view, offers the same measure of added value to all participating members. Of course, the fact that many hundreds of buyers are visiting our bourse for the US & International Diamond Week constitutes important added value to our entire diamond business community," Schnitzer said.

For more information visit: http://www.en.isde.co.il/israeldiamondweek_2014.html

Contact:
Dana Oren
+972-3-5760223
[email protected]

SOURCE The Israel Diamond Exchange