23 Feb 2020
DiamondWorld Directory
Home |
DW Special: The Israeli Diamond Industry
Opening Windows of Opportunity despite the Crisis
By: By Rachel Lieberman, Content Manager, Israel Diamond Institute Portal
Jan 30 2009 6:25PM
Reference: 3494  


Jacob Kattan, a member of the Israeli Diamond Manufacturers Association’s board of directors and former vice chairman of the Board of Directors of the IDE Enterprises, has worked closely with the Indian diamond industry for 30 years. He believes that when the global diamond industry emerges from the current crisis there will be an excellent opportunity for closer cooperation between the Israeli Diamond Industry and its Indian counterpart.

He explains: “Israel is geared to deal with larger stones while to date the Indian diamond industry has dealt mainly with smaller stones. This is because it excels in dealing with bulk volumes of small stones. The Israeli polishing industry is structured differently. The work is done in smaller groups and the manager supervises the entire process. The yield is much greater. So in fact, the Indian industry could profit from collaboration with its Israeli counterpart when it comes to large stones while the Israeli industry can benefit from cooperation when it comes to smaller stones.”

Kattan elaborates that Israel holds clear marketing advantages as well as a lower debt rate to banks in comparison to its Indian counterpart. But India itself is an emerging market that holds tremendous potential. “We should take advantage of the benefits that each of these industries has to offer, whether it is specific polishing skills, advanced marketing or a new market, in order to create a unique and powerful synergy.”

Kattan summarizes: “Increased cooperation can produce significant benefits for both parties, with each side bringing its strong points. It pays to remember that the sum total of one plus one often yields more than merely two.”

First | Previous | 1 | 2 | 3 | Next | Last | All

Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
HouseAd_Trade Fair
Search News by City
HouseAd_Trade Fair
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: 24208
GJEPC Chairman Interview
Views: 21872
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 29046
Promo for IJ Awards 2012 at NDTV Profit
Views: 42464
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 45028
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 17818
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 42958
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 40950
Finestar Diamonds
Member of:
Supporter of: