Israel Diamond Industry Not Interrupted by Mideast Conflict


July 19, 2006

Israel Diamond Industry Not Interrupted by Mideast Conflict

Leaders of Israel's diamond industry have assured the world's markets that operations are "business as usual" despite the conflict between the Israel and Lebanon that have made headlines this past week.

According to Simcha Lustig, chairman of the Israel Diamond Institute (IDI), the manufacture, import and export of diamonds in Israel has not been interrupted by the attacks. "I have no doubt that we will be able to continue to fill all of our clients' needs for the coming season," says Lustig.

The diamond center in Ramat Gan is located in the central part of the country, which has not been directly affected by the violence. Work in the Diamond Exchange, polishing plants and related services, has continued as usual.

"Despite the situation, we're pleased to see that buyers are continuing to visit the bourse, even during this week," says Avi Paz, president of the Israel Diamond Exchange (IDE).



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