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Israel's U.S., Intl. Diamond Week Opens Monday
Aug 25, 2013 5:13 AM
By Avi Krawitz
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RAPAPORT... The U.S. & International Diamond Week is scheduled to open on Monday with approximately 500 buyers from 22 countries expected to attend. Around 365 Israeli companies and 28 U.S.-based suppliers will be exhibiting on the trading floor during the week.
Yair Sahar, the president of the Israel Diamond Exchange (IDE), which is hosting the event, noted that companies will have billions of dollars’ worth of polished diamonds on offer, mainly in 1-carat sizes and up.
Delegations attending the event include one from the Diamond Dealers Club of New York (DDC), headed by its president, Reuven Kaufman, a Far East delegation led by Conroy Cheng Chi-Cheng, a director with Chow Tai Fook Enterprises, as well as high-profile delegations from India and Russia and individual buyers from across the globe.
As part of the program, a number of rough auctions will take place, including by De Beers, ALROSA, Rio Tinto and I. Hennig-Fusion. In addition, the Rapaport Group will hold its single stone polished auction and Tzoffey’s 1818 Auction House will hold an exclusive auction of diamonds, colored gemstone and jewelry.
IDE has compiled a full program of events during the four days as presented below.
Separately, IDE and DDC will hold the second annual Israel Diamond Week in New York in November. The event follows the success of the inaugural diamond week that took place one year ago and served as a precursor to the U.S. & International Diamond Week that took place in Israel in April and again this week.
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Tags:
Alrosa, Avi Krawitz, De Beers, diamonds, Israel Diamond Exchange, Rio Tinto
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