More than 450 buyers from 18 countries registered.
Ramat Gan, Israel – August 12, 2013 – Indian diamond buyers will make up more than a quarter of the total number of buyers who will be thronging the trading floor of the Israel Diamond Exchange (IDE) during the August 26-29 US & International Diamond Week. Meanwhile, the number of confirmed foreign diamond buyers for the event has passed the 450-mark, with buyers from 18 countries. These include the United States, India, China, including Hong Kong, Italy, Russia, Belgium, Great Britain, Turkey, Canada, Australia, Germany, Spain, Portugal, Uzbekistan, Brazil and Taiwan.
IDE President Yair Sahar said interest in the event, both locally and internationally, keeps growing. “We’ve been told that at the International Indian Jewellery Show (IIJS) that just concluded in Mumbai, the upcoming US & International Diamond Week was on everyone’s lips! It is fantastic to have such huge interest among Indian buyers for our event,” Sahar said.
IDE Managing Director Moti Besser said that the interest of Indian diamond buyers to come to Israel offers further proof of the strong and symbiotic relationship that has grown over the past several decades between Israel and India. “Our industry was spearheading trade between our countries before there were even diplomatic relations. The trade between the diamond centers in India and Israel has been flourishing for many years and has been decisive in opening the gates for other industries!” Besser noted.
India is Israel’s second-largest Asian economic partner. In 2010, bilateral trade stood at $4.7 billion. In August 2012, India and Israel signed a $50 million academic research agreement. The countries are also holding high-level talks over an extensive bilateral free trade agreement. Once signed, the implementation of the proposed free trade agreement between India and Israel is expected to give a huge boost to bilateral trade.
