Diamond industry in Israel
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The Diamond industry in Israel is a world leader in producing cut diamonds for wholesale. Nearly two thirds of gem quality diamonds in the world are manufactured in Israel. [1]
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[edit] Trading infrastructure
The industry is located in the "Diamond District", located in Ramat Gan in the Tel Aviv District. The complex is made up of four buildings, interconnected with walkways. The entire trading operation takes place in this complex [2].
[edit] Industry principles
The industry guarantees [3] that all diamonds are 100% natural and conflict free.
[edit] History
Since the fifteenth century, when an Antwerp Jewish diamond cutter Lodewyk van Berken invented the scaif, diamond cutting was one of traditional Jewish crafts.
The Israeli diamond industry began in 1937, before the Declaration of the Establishment of the State of Israel, when the first diamond polishing plant was opened in Petah Tikva.[4] After the state was declared, a war economy was shifted to a consumer economy. This came at the height of a diamond crisis, as many war torn economies were struggling to re-establish. Since then, the industry has continued to grow, producing a world leader in the diamond industry.
[edit] References
- ^ Israeli Diamond Industry New Brand Identity
- ^ Israel Diamond Industry Organizations
- ^ Business (Israeli Diamond Industry Institute)
- ^ The Early 1900s by Shira Ami
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