18 Aug 2022
DiamondWorld Directory
Home |
Former IDI Chairman passes away
He was honoured with the IDI - Lifetime Achievement Award in 2008
By: Diamond World News Service
Apr 28 2009 6:21PM
Reference: 3750  


Former Chairman of the Israel Diamond Institute Group of Companies (IDI), Simcha Lustig passed away last night at the age of 71. Lustig has been recognised as a man of vision, an outstanding diamantaire and leader of the Israeli Diamond Industry. IDI Chairman and IsDMA President Moti Ganz said, “Simcha Lustig was a visionary and a leader. He believed in the industry and its people, and he was willing to invest great efforts in realising his vision. During his term as IDI Chairman he played a key role in strengthening the Israeli industry’s relations with the global diamond industry. His legacy will remain with us always.”

Lustig was active in public service to the Israeli Diamond Industry and served in many key positions in the Israel Diamond Exchange (IDE) and the Israel Diamond Manufacturers Association (IsDMA). From 1973 – 1992, he was a member of the Board of Directors of the Israel Diamond Exchange, reaching the position of Vice President and presiding in place of the President on many occasions. Mr. Lustig was also an active member of the Board of Directors of the Israel Diamond Manufacturers Association. In July 2008, Simcha Lustig was awarded the title “Dignitary of the Industry” by the Israel Diamond Manufacturers Association and in February 2008 he was conferred the Lifetime Achievement Award from the Israeli Diamond Industry, during the Third International Rough Diamond Conference. IDE President Avi Paz said “Simcha Lustig was a hero of Israel; he was a hero in battle, a hero in business and a hero in leadership.”

Lustig's career began in the diamond industry in 1958, when he joined the family business, which was one of the first diamond polishing plants in Israel. Later he founded his own company, Moshe Lustig Diamonds (Paldico 1942) Ltd. -- named after his late father -- and concentrated on Far Eastern markets. This company became one of the three largest exporters of polished diamonds from Israel. Amongst his major other business partnerships he held a partnership for 15 years with Marvin Samuels of Premier Gem Corporation of New York, called Lustig - Samuels Diamond Manufacturers, and has also been a DTC sightholder for many years.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
*  Name:
*  Mobile:
*  Email:
Subscribe for DiamondWorld weekly Newsletter
Search News by City
Recent Issue
News in Pictures
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 31260
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 8559
GJEPC Chairman Interview
Views: 27445
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 38239
Promo for IJ Awards 2012 at NDTV Profit
Views: 56015
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 67574
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 21313
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 49938
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 51730
Member of:
Supporter of: