The International Diamond Week in Israel (IDWI) which was held from Feb.13 to 16 ended on a positive note, with participants showing immense optimism in the future of the diamond industry.
Beginning with the praise by the Tourism Minister Yariv Levin followed by IDE President Yoram Dvash who expressed confidence in the industry, the events of the next three days predicted that good times were evident for the diamond sector. IDI Chairman Shmuel Schnitzer too called the IDWI “a welcome initiative” and added: “This year looks promising and I wish us all great success”.
ALROSA's promise to partner the industry with its consistent supply of rough was a boost for the industry; and the opening of the International Tender Center to consolidate under one roof as many polished and rough tenders as possible was a shot in the arm for the Israeli diamond industry as well. The Memorandum of Understanding (MoU), which was signed between the young generation forums of the Hong Kong Jewelry Manufacturers’ Association (HKJMA) and the IDE for cooperation and business promotion could not have been on a better occasion and gave much impetus to the industry.
After his presentation on generic diamond marketing program, Jean-Marc Lieberherr, CEO of the Diamond Producers’ Association (DPA), invited members of the Israeli diamond industry to make use of the marketing materials as well as to partner with the DPA on joint programs.
The IDWI wound up with an optimistically, looking forward to a flourishing future for the country's as well as the global diamond industry.
Aruna Gaitonde, Editor-in-Chief of Asian Bureau, Rough & Polished