July 13, 2006
Israel Diamond Exchange to Expand
The Israel Diamond Exchange (IDE) Board of
Directors has approved the building of a new tower, the fifth building in
complex. The 28-story building will add approximately 28,000 square meters
80,000 square meters already occupied by the Exchange.
The fifth building will be built across the street from the existing
will be connected to the complex by an overhead pedestrian bridge. Many
diamantaires from Israel and abroad have already expressed interest in
in the new building. The IDE says the additional space will
development of the diamond industry in Israel, and will strengthen Israel's
a leading world center for polished and rough diamond trading.
The current diamond exchange complex contains approximately 1,000 offices,
as bank branches, a post office, customs office, shipping companies,
medical clinic, shops and a synagogue.