Israel Diamond Exchange (IDE) announces new board

Israel Prime Minister congratulates Schnitzer upon his election

Ramat Gan, Israel – October 24, 2013: Following the election of Shmuel Schnitzer as the new president of the Israel Diamond Exchange (IDE), the bourse announced the IDE’s new board and officers: Mr. Shmuel Schnitzer, President; Mr. Jacob Korn, Deputy and Vice-President; Mr. Jacob Kattan, Senior Vice-President; Mr. Arnon Yuval, Vice-President; Mr.Yehezkel (Hezi) Blum, Vice-President & Chairman of the Finance Committee; Mr. Ben Zion Shashu, Vice-President; Mr. Jacob Haron Shelly, Vice-President; Mr. Mordechai (Moti) Fluk, Treasurer; Mr. Meir Dalumi, Chairman, Judicial Committee; Mr. Yoram Dvash, Honorary Secretary; Mr. Shlomo (Shizo) Shimshowitz, Honorary Secretary; Mr. Shalom Papir, Member of the Presidium. The following are board members Mr. Loni Grinker, Mr. Yosef Ben Zion, Mr. Amotz Raz, Ms. Emma Yanover and Mr. Muni Bachar.

Shmuel Schnitzer said he was glad he would be working with such a good team of board members. “As a cross section of our very diverse and large membership, this board will represent each and every one of our 3,500-member exchange. There is a large amount of work to do, and many goals to achieve. I have the fullest confidence that this team will live up to its promise.”

Upon his election, Schnitzer received a letter of congratulations from Israel’s Prime Minister, Benyamin Netanyahu, for being elected as the IDE president again. “Your talents, professionalism and your many years of experience in diamond exports will contribute significantly toward restoring the Israel diamond industry’s standing. I am sure that during your new term you will act to advance the Israel diamond industry and trade, and broaden its activities in the international markets,” the Prime Minister wrote.

In signing his letter, Netanyahu added a hand-written remark, referring to Shmuel Schnitzer’s father, Moshe, who was the IDE’s longest serving president (1967-1993): “Your father Moshe surely would be proud of you as you continue his life’s work,” Netanyahu wrote. Moshe Schnitzer was awarded the Israel Prize in 2004, the highest civilian award given by Israel.