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Brut completes the first rough diamond tender in Israel
Brut International Group, a Ramat Gan based company, announced on September 29, 2005, of a successful completion of its first tender sale of rough diamonds in Israel.
By: Diamond World News Service
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Oct 3 2005 12:00AM
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Reference: 92  

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Brut International Group, a Ramat Gan based company, announced on September 29, 2005, of a successful completion of its first tender sale of rough diamonds in Israel. At its first sale, which ran from September 12th to September 22nd, clients from the major cutting centers bid on a wide range of goods from lower-end small goods to fine large gems.

Brut Managing Director Shai Schnitzer said: “Given the recent events which have dominated world news, and no doubt have affected the global economy, we are pleased with and encouraged by the results of the tender. We are especially delighted at the strong interest and attendance of the wide variety of international companies who participated in the tender.”

Brut Managing Director Shai Schnitzer said: “Given the recent events which have dominated world news, and no doubt have affected the global economy, we are pleased with and encouraged by the results of the tender. We are especially delighted at the strong interest and attendance of the wide variety of international companies who participated in the tender.”

Brut partner Len Meakin added that he, too, had been impressed by the notable turnout of international bidders at the tender.

“In the past, diamantaires would need to leave Israel’s borders to buy rough supplies. Today however, Brut’s tenders and Israel’s rapidly growing rough trading business will strengthen Israel’s position as a true, one-stop destination for both rough and polished diamonds,” Meakin noted.

The date of the next tender of Brut International Group will be announced shortly.

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