The Israel Diamond Manufacturers Association (IsDMA) has appointed a successor to Moti Ganz to take on the role of President. Abraham (Bumi) Traub is elected to this role, which will see him take on new responsibilities and extend his association is many years with the IsDMA. Traub, who joined the diamond industry in 1973, was named Honorary President of IsDMA in 2007, for his contribution in fostering cooperation. He has also headed various IsDMA committees and been an active director of the Israel Diamond Exchange and the Israel Diamond Institute.

Outgoing IsDMA President Moti Ganz said, “Bumi Traub is a self-made man, who began as a new immigrant and climbed to the peak of the Israeli Diamond Industry. We are in a challenging period, and no one is better suited than Bumi Traub to lead us in meeting these challenges and to keep Israel’s diamond industry at the forefront.”

Bumi Traub noted that he was inspired to contribute to the future of the Israeli Diamond Industry, has both Israel and the country’s diamond industry are very close to his heart. “As someone who has worked his entire career for cooperation, I will continue to do so, so that together we can preserve Israel’s status as a world diamond leader. I trust that the extensive experience I bring to the role of IsDMA President will enable me to lead the Israeli industry in this changing world and bring it to new heights,” he said.