5th Israel Diamond Week in New York to be held in October

The dates for the 5th Israel Diamond Week in New York have been determined in October this year, reports say. The trade event is a joint initiative between the Israel Diamond Exchange (IDE) and the Diamond Dealers Club of New York (DDC). The event will be held from October 31 – November 2, 2016, on the trading floor of the Diamond Dealers Club of New York, similar to the previous editions, reports add.

Further, reports also note that IDE President Yoram Dvash has set high expectations for the event, considering the encouraging response for diamond sales witnessed at the recent JCK Las Vegas show. He mentioned that, “Both DDC members, and the approximately 100 diamond traders of the IDE, will have free access to a wide range of goods, thereby enhancing their business potential. From past experience we know what the American market likes to buy and sell, and therefore we are confident that these goods will be available for the upcoming holiday season in the United States, ” as per reports.

DDC President Reuven Kaufman noted that, “We are confident that the industry as a whole can gain from the positive momentum that is propelled when our members come together at the show. With the positive trends we are seeing in the U.S. market today we are optimistic that this will be a great event,” as per reports.

The IDE is optimistic of the positive sentiments in the US markets, which are hinting at a good holiday season, reports add.