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3rd Israel Diamond Week in New York to be held in November
The timing is expected to be an opportunity for trade to restock for festive season
By: Diamond World News Service
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Sep 8 2014 6:24PM
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Reference: 9553  

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The 3rd edition of trading platform, Israel Diamond Week in New York, is being hosted by the Israel Diamond Exchange (IDE) and the Diamond Dealers Club of New York (DDC), with a purpose to boost the trade between the two bourses' members, renew business between local suppliers and their clients, and to lower the threshold for diamond buying jewelry manufacturers and jewelry retailers who wish to gain access to the Club.

It is slated to be held on the trading floor of the Diamond Dealers Club of New York, from November 10-13, 2014.

"The New York diamond business community and the Israel diamond industry are interdependent," IDE president Shmuel Schnitzer said. "Israel is a key supplier of higher quality goods to the American market, and New York, and in particular the DDC, is the gateway for diamonds supplies coming from Israel. For many of our members, the DDC, located in the heart of Manhattan's gems and jewelry district, is like a second home," Schnitzer added

DDC president Reuven Kaufman concurred. "Undoubtedly, the synergy between Israel's and New York's diamond trade is truly unique and the format of the diamond weeks in New York and in Israel had proven to be very successful. He added that the timing of the show would allow “jewelry manufacturers, retailers and designers an excellent opportunity to replenish their stocks” for the “Xmas holiday season," said DDC President Reuven Kaufman said. "Recent reports show that overall US retail sales have increased with about five percent. We hope this bodes well toward the holiday sales season," he concluded.

Around 100 Israeli diamond firms will be able to sign up and participate in the event. Moti Fluk, head of the event's organizing committee said. "Space is limited." About 50 Israeli companies participated in the first Israel Diamond Week in New York in 2012, while in November 2013 more than 100 took part in the diamond sales festival at the DDC. Online buyer registration will begin in mid-September, immediately after Hong Kong Jewellery & Gem Fair.

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