Diamond industry in Israel

Diamond industry in Israel

The Diamond industry in Israel is an important world player in producing cut diamonds for wholesale. In 2010, Israel became the chair of the Kimberley Process Certification Scheme. [1]

Contents

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 by refugee experts from Holland.[2] In 1938 the 15% import duty on imported rough stones was removed. By 1944 the industry employed 3,300 workers in 33 factories, with £P.1,320,000 capital investment, entirely Jewish.[3] The value of exports was over £P.3,200,000 mainly to the USA, Canada and India.

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 [4] The Diamond Tower in the district contains the world's largest diamond trading floor.

Industry principles

The Israeli diamond industry guarantees all diamonds are 100% naturally made and participates in the Kimberly Process, a certification scheme whose goal is to ensure no blood diamonds enter the marketplace.[5]

See also

References


Wikimedia Foundation. 2010.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • DIAMOND TRADE AND INDUSTRY — Jews have been prominent in the trade and in working of precious stones, of which diamonds and pearls provided the bulk, from the Middle Ages to the modern era. They took an active part in opening up the diamond markets of India and Brazil, the… …   Encyclopedia of Judaism

  • Israel — This article is about the modern country. For other uses, see Israel (disambiguation). State of Israel …   Wikipedia

  • Diamond Exchange District — The Diamond Exchange District The Diamond Exchange District is a district of the Israeli city of Ramat Gan. Bordering the Ayalon Highway, the road dividing Ramat Gan and Tel Aviv, the district is home to Israel s diamond industry as well as being …   Wikipedia

  • Diamond District — For the district in Belgium, see Antwerp diamond district. 47th St. and 5th Ave …   Wikipedia

  • Diamond and Schmitt Architects — Type Incorporated Company Industry Architecture Founder(s) A.J Diamond, Donald Schmitt Headquarters Toronto, Canada Services Architectur …   Wikipedia

  • Diamond enhancement — Diamond enhancements are specific treatments, performed on natural diamonds (usually those already cut and polished into gems), which are designed to improve the gemological characteristics and therefore the value of the stone in one or more ways …   Wikipedia

  • Portal:Israel — Wikipedia portals: Culture Geography Health History Mathematics Natural sciences People Philosophy Religion Society Technology …   Wikipedia

  • Israel — /iz ree euhl, ray /, n. 1. a republic in SW Asia, on the Mediterranean: formed as a Jewish state May 1948. 5,534,672; 7984 sq. mi. (20,679 sq. km). Cap.: Jerusalem. 2. the people traditionally descended from Jacob; the Hebrew or Jewish people. 3 …   Universalium

  • Israel — <p></p> <p></p> Introduction ::Israel <p></p> Background: <p></p> Following World War II, the British withdrew from their mandate of Palestine, and the UN partitioned the area into Arab and Jewish… …   The World Factbook

  • Business and Industry Review — ▪ 1999 Introduction Overview        Annual Average Rates of Growth of Manufacturing Output, 1980 97, Table Pattern of Output, 1994 97, Table Index Numbers of Production, Employment, and Productivity in Manufacturing Industries, Table (For Annual… …   Universalium

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”