The 6th International Diamond Week in Israel (IDWI) attracted a significant number of buyers when it opened its doors on February 13 at the trading hall of the Israel Diamond Exchange (IDE).
IDE said this year’s IDWI featured around 400 buyers from 30 countries, and more than 200 diamond companies exhibiting from Israel and abroad.
The opening ceremony was graced by Israel Minister of Tourism Yariv Levin, Alrosa President Andrey Zharkov, IDE President Yoram Dvash, Israel Diamond Institute Chairman Shmuel Schnitzer, Diamond Dealers Club Reuven Kaufman and other diamond leaders.
Dvash commented, “I am pleased to see the huge turnout of friends and colleagues from Israel and abroad. We are here to do what we love – to buy and sell diamonds. And that’s what we hope to do as much as possible during this week.”
Dvash also cited improvements in the Israeli diamond industry such as the tax agreement with the Israeli government, expanded online marketing opportunities, new manufacturing facilities and the international tender centre to open during the week.
Zharkov, meanwhile, spoke to leading Israeli diamond companies and expressed Alrosa’s commitment to strengthen ties with the Israeli diamond industry, and cited the importance of the 2015 memorandum of understanding between Alrosa and IDE to share information and cooperate on issues of mutual interest. Zharkov added that Israel is one of Alrosa’s three main markets as a major buyer of high-quality, large diamonds.
A replica of the Great Imperial Crown of the Russian Empire, which was used in the coronations of all Russian monarchs since Catherine the Great, was also exhibited from February 13 to 14 at IDWI.
The replica of the crown was created by Kristall Smolensk, Russia’s leading diamond manufacturer, in honour of its 250th anniversary. It was brought to Israel with the cooperation of Alrosa.
The crown contains 11,352 polished diamonds, with a total weight of 1,180 carats. All of the polished diamonds are made from Alrosa’s rough diamonds. Its value has been estimated at US$20 million.