IsDMA elects Jacob Korn as President

The Israel Diamond Manufacturers Association (IsDMA) has elected Jacob (Kobi) Korn as its new president, to succeed Avraham (Bumi) Traub who served in the position since November 2011. Israel Diamond Institute (IDI) Chairman Moti Ganz said, “Kobi Korn is a very worthy leader for the Israel Diamond Manufacturers Association.” He complimented Korn’s expertise of over 35 years in the industry and the highest standards he has observed in his professional and public careers. “We look forward to working together to ensure Israel’s leadership as a world diamond center,” Ganz added.

Korn expressed his gratitude on being elected to serve the diamond industry in this capacity, and that he would address the most pressing issues facing the diamond manufacturers in Israel. He identified issues like ‘financing is an acute challenge; we will make every effort to expand the sources of financing for the Israeli industry; strengthening the Israel diamond center ‘by bringing back part of the manufacturing which is now done abroad’; ‘achieve a fair and suitable tax agreement with the Israeli authorities.’

Jacob Korn is a second-generation diamantaire, owner and managing director of Korn Diamonds Ltd., which manufactures special cuts and precisely calibrated diamonds for the watch and jewelry industries. Korn has been active within the Israeli Diamond Industry since 1979 in various capacities, after joining the Israel Diamond Exchange (IDE) in 1973.

IDI Managing Director Eli Avidar congratulated Korn in his new position. “Kobi Korn is a man of great integrity, who has devoted his entire career to advancing the Israeli Diamond Industry. We are happy to work together with IsDMA, with Kobi at its helm, for the benefit of the entire Israeli industry.”