Yair Sahar has been elected as the new president of the Israel Diamond Exchange (IDE) and will take over the role from outgoing president Avi Paz, who completed six years in this position. Sahar is the owner of Sahar-Atid Diamonds, a company delving in manufacturing and trading of polished diamonds. It is a sightholder of both the DTC and Harry Winston and was awarded “Outstanding Exporter of Israel” in 2009.

Upon his election, Yair Sahar noted that, “One of the aims of my presidency will be to return diamond manufacturing to Israel.”

Of the 1851 votes cast during the elections for the IDE president, representing about 70% of the eligible voters, Sahar received 931, slightly more than Yaakov (Kobi) Korn. Outgoing president Avi Paz said, “Yair Sahar is without a doubt the right man in the right place at the right time. I am convinced that Sahar will lead the Israeli Diamond Industry to success and I wish him success with all my heart." Paz was made an honorary president of IDE.