Recently, the new operation of the Israel Diamond Exchange continues. Following the announcement of the cooperation agreement between the new diamond factory of the Israel Diamond Exchange to provide diamond polishing services for Chinese diamond dealers, the Israel Exchange and India will strengthen cooperation to enhance trade cooperation between the two sides. Keep working hard. Specific details, and let Xiaobian slowly come!
1. India will work together to strengthen trade cooperation between the two diamond industries
This week, Israel Diamond Exchange (IDE) Chairman Yoram Dvash met with IDE Chief Minister Gujarat Vijay Rupani to discuss the benefits of close cooperation between the diamond departments of the two countries and how to strengthen the close trade relationship between the two countries.
Although both sides unanimously recognized the importance of diamond trade cooperation between Israel and India, Dvash pointed out that India's 6% tariff policy on polished diamond trade hinders further cooperation between the two sides.
He said: "India's policy of imposing a 6% tariff on polished diamond trade has prevented Indian diamond dealers from buying Israeli diamond dealers who wish to trade with Indian diamond counterparts to buy polished diamonds of satisfactory quality."
Dvash also stressed that reducing taxation and free trade is a common concern of both sides, which will also serve to safeguard the common interests of the Indian and Israeli diamond industries.
2. Israel will provide diamond polishing services for Chinese diamond dealers
Israel announced last week that the Chinese diamond company could send large-grain diamond blanks to its new processing plant in the future, and its newly-built rough diamond processing plant will provide polishing services for Chinese diamond companies. The new plant is expected to start construction during the Israel International Diamond Week in January next year.
“This situation is very special. Chinese diamond dealers can send rough diamonds directly to Israel for polishing and polishing. This proves the popularity of polishing and polishing in Israel. In recent years, due to the low cost advantage of Indian diamond processing plants, the polishing of Israeli diamond factories Polishing status was once unstable. But because the grinding and polishing technology of large-grain diamonds has always been a feature of Israel, the establishment of a new large diamond polishing equipment factory will be part of the technological revolution implemented by IDE, including the sale of diamonds in the world's largest online store. They are all leading the industry's progress, especially in the face of the challenges we have recently faced," said IDE President Yoram Dvash.
Dvash said the new diamond processing plant will invest more than $3 million to build a new plant in Ramat Gant, which will be equipped with the world's most advanced polishing and polishing equipment. The new plant will cover an area of ​​1,100 square meters and employ about 150 senior professional polishing technicians. The new plant can process thousands of large diamonds of more than 5 carats per year.
It is well known that there are major diamond polishing centers in the world: Israel, Belgium, New York, India, Africa, China, etc., and Belgium has become a global watch with its long history of diamond trade, its position as a trading market, and its superb polishing process. Diamond Trading Center. Let’s take a look at the world’s embarrassing diamond center, the Israel Exchange!
Long history
The Jewish diamond processing and management talent comes from the historical accumulation of its nation. Looking back at history, the Jews have a history of diamond trade for 3,000 years.
The diamond industry in Israel began in the 1930s. At that time, some Jewish immigrants returning from Belgium brought the industry to Israel. In 1947, the Israel Diamond Exchange was formally established. After the founding of Israel, the diamond industry developed rapidly. After decades of hard work, the small workshop production was finally developed into a modern large-scale production super industry, and the diamond processing base was extended to overseas areas.
market status
As the De Beers Group gradually increased its supply of raw stone in Israel, the Israeli diamond industry grew and prospered. Israel's small polished diamonds account for about 80% of the world's total production. In the diamond trading building of Ramat Gan on the outskirts of Tel Aviv, trading volume accounts for 40% of the global diamond jewelry market and 70% of the diamonds.
Israel’s annual diamond trade amounted to tens of billions of dollars, and Israel has been one of the most important diamond processing and trading centers in the world for many years. The Israeli diamond industry has covered more than half of the world's diamond processing (dollar market value). Diamonds from Israel occupy a very important position in the diamond jewelry trade around the world, and almost monopolize the world diamond trading market.
High-tech
Israel is the country with the largest number of diamond practitioners and the highest level of diamond processing automation in the world.
From a raw ore, use a computer-assisted diamond design system to scan the position, determine the best cutting plan, and evaluate how to use the cut scrap to determine the cutting pattern, the computer passes this information to the cutting and polishing machine. In addition, Israel has developed a machine that analyzes the light reflection data of each cut surface of a diamond through a computer to see if the diamond has been cut, thus facilitating the identification of the quality.
However, despite the emergence of new and advanced technologies in diamond processing, the most basic grinding technology is still the “old means†– artificial, expert technology and experience are still a crucial factor in diamond processing. Diamond processing is a very complicated project, and Israel has only been able to automatically polish round diamonds. The grinding of diamonds is very particular. If the angle is wrong, such as from left to right or from top to bottom, grinding for a few hours will have no effect. At this time, it can only be adjusted manually. Therefore, the development of the diamond industry in the world today is a combination of worldly experience and high technology.
Israel Diamond Trading Center
The diamond center in Ramat Gan, Israel is the largest in the world. Today's Israel Diamond Exchange consists of four interconnected skyscrapers that together form an impenetrable fortress, connected by an internal footbridge, with an advanced security system, and the fifth building is being planned.
The Israel Diamond Exchange has 2,600 members, the world's largest diamond trading floor, a gemstone exchange, and more than 1,000 private offices. About 15,000 people enter and exit this 100,000-square-meter building every day. In addition to the Diamond Office, there are banks, shipping companies, gem labs, customs, post offices, restaurants, medical services and other facilities within the Diamond Trading Center. The Trading Center provides all merchants and visitors with all the services and conveniences needed to conduct a transaction, as well as a completely safe and comfortable environment.
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