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  • Talma Gotteiner

Ramat-Gan: Opening of the International Diamond Week in Israel

Updated: Feb 18, 2020

Hi there,

As a resident of Ramat-Gan, I was more than happy to attend the opening of the International Diamond Week in Israel that took place on Monday, Feb 10, 2020. I think you'll find it interesting too.

Senior Executives of the Diamond Exchange in Ramat Gan hosted more than 300 businessmen and senior executives from around the world including: presidents of the world's stock exchanges, international buyers and executives from the global diamond industry, at an event marking the opening of the International Diamond Week at the Diamond Exchange in Ramat Gan that will continue until February 12, 2020.

Ramat-Gan: Opening of the International Diamond Week in Israel Feb 2020
Left to Right: Ezra Buaron, TASE management, IDI Chairman Boaz Moldavski, IsDMA President Kobi Korn, Alrosa CEO Sergey Ivanov, , ISDE president Yoram Dvash, ISDE CEO Eran Zini

The exhibition hall featured over $ 1 billion in diamonds!

The festive opening took place with Ramat Gan's Mayor, Carmel Shama, in the Diamond Exchange trading hall and aside from the 300 international buyers who came especially for the event, members of the Israeli Diamond Exchange including: Yoram Dashev - President of the Israel Diamond Exchange, Martin Rappaport - President of the Rappaport Group, Eli Izhakoff - Honorary President of the World Federation of Diamond Bourses (WFDB), Eran Zini - CEO of the Israeli Diamond Exchange, Kobi Koren - President of the Israel Diamon Manufacturer's Association (IsDMA), Boaz Moldawsky - Chairman of the Israel Diamond Institute (IDI), Shlomo Eshed - President of the Israel Precious Stones Exchange, Nissim Zuaretz and Ezra Bouaron - members of the TASE management and more.

The event was opened by the Diamond Exchange President, Yoram Dvash, who welcomed the many guests who came from overseas, most notably Martin Leake, Secretary of the Dubai Diamond Exchange who came to Israel, Martin Rapaport, President of the Rapaport Group, Ahmed Bin Sulayem, Executive Chariman of Dubai's DDMC, Alan Cohen, President of the London Diamond Exchange, Ernie Blom President of the World Federation of Diamond Bourses, Philippe Barsamian, President of the FDBD and more.

Dvash stated that he hoped that the year 2020 will be a year of turnaround, stabilization and recovery in the markets. He explained that due to a decrease in rough allocations by some of the producers, shortages have been created leading to an increase in demand in some commodities. He concluded by stating that hopefully, the trend of adjustment of prices would continue at a global level leading to creation of new opportunities in the diamond industry.

Mayor Carmel Shama followed with his welcoming speech in which he mentioned that the local Ramat Gan Municipal Planning and Building Committee is about to make a historic decision to approve the establishment of new stock exchange towers. The tallest building will be 120 storeys high and will become the tallest building in Israel. The planned expansion is a new chapter in the economic strength of the stock exchange and will provide it with a huge leverage for development.

At the conclusion of all the speeches, Yoram Dvash, President of the Diamond Exchange, Eran Zini, ISDE CEO, and Mayor Carmel Shama, head of Ramat Gan's municipality beat the gong to announce the opening of International Trading Week.

At the end of the ceremony, the attendees dispersed to start making deals and preparing for the many talks and lectures, including: Alrosa CEO Mr. Sergey Ivanov and keynote lecture "Turning Challenges into Opportunities" by Mr. Martin Rapaport, President of the Rappaport Group that publishes the world's global diamond price index. Among other things, his lecture explained how diamond prices are determined in the world.



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