How to Buy an Engagement Ring or a Diamond Ring?
An engagement ring has a sentimental value. This is a matter of tradition and a symbol of the couple’s love and the beginning of their common and long-term relationship. This is in fact your business card. Therefore, it is important that the ring shall represent you respectfully. An engagement ring is not just “another product” you happen to buy. Therefore, you need to pay special attention to this matter. Even if your fiancée does not wear diamonds and is not excited from diamond jewelry, this does not mean that you don’t need to buy a qualitative ring. I am sure that she shall treat her engagement ring differently. Today, the average size for buying a diamond is one that weighs of 0.45 carat, and its average price ranges between USD1,500-USD2,000. This pertains to a qualitative diamond with a GIA certificate. The estimation of the value of the diamond can only be done when it is not set in the jewel. Afterwards it is more difficult to estimate its value. When the jewel has a diamond that weighs 0.3 carat or more, most of the times there is a gemological certificate that is attached to it. This certificate is provided by an authorized gemological institute that determines the different parameters of the stone. There are a lot of costs and investments in the transformation of the diamonds from a raw material into a final jewel, and this transformation course includes many parties, and therefore there is a very large brokerage gap.What do you need to pay attention to in the examination of the diamond? The color of the diamond from D- very white to Z – very yellow. The shine of the diamond that is a function of the polishing work, the quality of the rock, and the manner in which it is polished. How do you make the diamond appear to be bigger?You set the diamond when it is surrounded by white gold, and to this you add rhodium which is a member of the platinum family. This gives the gold a shinier look that adds light to the diamond and creates an effect of a bigger diamond.Another method is:You surround the diamond, with little stones. This combination creates the effect of a larger diamond. The vast majority of consumers aren’t aware the importance a professional setting of the diamond has on the final result and on the price of the jewel accordingly.A good setting improves the effect of good diamonds. A bad setting can decrease the value of the jewel by hundreds of dollars. The Israeli diamond setters have a worldly good reputation.Why is it important to see the diamond outside of the jewel? You can’t determine the weight, the color and the cleanness of the diamond when it is set in the jewel, because then part of it is hidden, and usually the defects in the diamond may be in this hidden part, and you can’t see them unless the diamond is loose and standing by itself. In addition, the weight of the set diamond may not match the weight in the certificate.The quality and price of the diamond are determined by 4 criteria: Color, Clarity, Cut, and Carat. The most important factor in the diamond is the CUT that includes accurate polishing angles, exact symmetry and a perfect polish. The quality work causes the diamond to reflect a maximum amount of light, and this gives the diamond its shine and its beauty. Sometimes, a yellowish diamond that is mediocrely cleaned and perfectly polished looks better in the jewel than a white diamond that was poorly polished. Buy the unset diamond and then choose the ring in which it shall be set. When the diamond is set in the ring, you can’t see its true colors, its defects, and the work that was performed on it. Therefore, you need to see the diamond outside of the ring. Only buy a diamond that has a GIA certificate – ask for a copy of the certificate before you buy the jewel. A diamond with a GIA certificate is the real deal that gives the diamond its price and keeps it so for a long time. In every other laboratory, the diamond is worth much less. Compare the number engraved on the side of the diamond to its number in the GIA certificate. You can only do this with a microscope. In the world there are a number of price lists for diamonds that most of them are based on the: The shape of the Diamond, The Weight of the Diamond, The Color of the Diamond, The Clarity of the Diamond. What is a Gemological Laboratory? The gemological laboratory deals with the examination and grading of diamonds, gems and jewelry with optic and electro-optic equipment and with innovative scientific and analytical equipment. The gemological laboratory serves the manufacturers and traders in the industries of diamonds, gems and jewelry, and the storeowners. It does so by giving professional information regarding the stones. The job of this laboratory is to identify and rank with the outmost objectivity gems and diamonds. Due to its responsiveness to the rules of the International Diamond Council, the gemological laboratory needs to act professionally, be impartial and maintain the rules of proper disclosure and professionalism at a high level. The most important thing while buying a diamond jewel or an engagement ring with a diamond set in it is the gemological certificate that is attached to the jewel or to the engagement ring or to the diamond. The gemological certificate is the diamond’s identification card and according to what is mentioned in the card, and according to its type, the diamond is evaluated.There are dozens of gemological institutes that issue diamond certificates, but the institute that is considered the most trustworthy and the most commercialized is the G.I.A. – the Gemological Institute of America. Remember: There are no bargains in diamonds.A low price = a cheap diamond. In Conclusion:
Buy a diamond ring in Israel
While the diamond engagement ring is rocking the left finger, the path to marriage should start with the right foot. This is how you will choose an impressive, high-quality diamond ring – and most importantly: at the right price.We all know that buying an engagement ring or any diamond jewelry is usually a small and unconventional financial expense.The diamond and diamond jewelry industry is a branch of mystery and obscurity that makes buying diamond jewelry not an easy task. The choice of the gold The metal is an important part of the diamond jewelry, even on the aesthetic level but mainly on the quality and price level.Here are some things you should know about gold:24 K gold is gold that is close to pure gold. This gold cannot be used to make jewelry because it is too soft.If a seller tells you that it is 24K gold, there are two options: either it is a lie or it is just a coating.One of the metals used to mix gold is nickel.The problem is that close to 10% of the population suffers from this metal allergy.If you suffer from nickel allergy make sure you purchase a white gold ring that has not been nickel-plated,or choose yellow gold that is not usually nickel-plated.The purity dimensions of gold in diamond jewelry usually range from 14K-22K.The price differences are significant, If you have a monetary limit, there is no reason to choose a14K gold that is high quality and durable. In the State of Israel, 14K gold is not considered a luxury metal.The authenticity of the gold is done quite simply and the stamping is done. By law, every jewelry store should have a photo of the seals.In addition, any self-respecting diamond jewelry store or diamond manufacturer will hold a 10X magnifying glass.Two-gram gold or higher must have three stamps: The manufacturer’s stamp, the gold purity stamp in carats or in thousands, and most importantly,the Israeli Standards Institute’s verification stamp.Gold weighing less is not charged at marking, but is required by law to tested.Do not be ashamed to surprise the seller with a question about it and examine its response. Choosing the embedded diamond The diamond is the most valuable component of the diamond jewelry so its choice is critical to the price.The value of a diamond is determined in part by its physical characteristics and the following tips may help you greatly.You may be surprised to hear, but a perfectly transparent diamond with no flaws should not be your main goal. These are the reasons:The beauty of the diamond comes first and foremost from its sparkle. A shimmering diamond is actually an aesthetically worthless diamond. Many things can be compromised when purchasing a diamond piece, but the quality of the diamond is not one of them.The diamond’s cutting quality actually determines its shimmer level, and a diamond that is not properly cut will not shimmer Buy a high-cut diamond jewel, not least a very good one.Quality cutting also helps in the diamond size category.A diamond that is of a quality cut and belongs to the rank of excellent will look exceptionally large.Unlike the quality of the cut, the diamond’s level of cleanliness can be compromised.Perfect diamonds without blemishes are extremely rare and their price is accordingly.There are many diamonds with imperfections that cannot be seen without a 10x magnification.These diamonds are cheaper than perfect diamonds, and there is no fear that anyone will notice the difference.Levels of VS2, SI1, SI2 are definitely sufficient.Another smart choice is the choice of diamond color. Very white diamonds are rare, perceived as more fun and of course more expensive.Their beauty benefit disappears when it comes to small diamonds.Only an expert will notice a significant difference in color when the diamond is inlaid with the jewel,especially when it comes to yellow gold that gives a yellowish tint to the diamond.Color levels F, G, H are definitely sufficient. Diamond weight Diamond weight is another criterion for determining its price. But, unlike most people think, the price of a diamond is not determined by its absolute weight but by its weight category.For example, all diamonds in the 0.40-0.49 carat weight category,that are completely identical in their other physical properties will cost exactly the same.A 0.50 carat diamond will already cost a lot more. Design and embedding Beyond the importance of diamond design and embedding in terms of quality and aesthetics,design and embedding has a major impact on the perceived size of the diamond piece and hence the impression it makes.The glitter of a diamond is due to the return of light.This feature can be maximized by embedding a large diamond surrounded by small diamonds.The reflection of the light rays between the small diamonds and the center diamond will greatlystrengthen the sparkle of the diamond and also create an optical illusion where it will look larger than it is.Another illusion is possible when choosing a rhodium-plated on a white gold diamond ring.Rhodium is a silver and shiny metal and therefore also reinforces the sparkle of the diamonds and gives them a bigger look.Watch out for the rhodium-plated on yellow gold jewelry.After even a year the rhodium plating will start to peel off and the ring will look bad.High inlay quality assures you that the diamonds will not fall off the jewel.Don’t be ashamed and ask to see the diamond jewel under a magnifying glass.Look for defects in inlay, loose teeth and the like. There is no need to be an expert to identify non-quality work.Another option in the diamond inlay is to choose an inlay called “Invisible Inlay”In the form of this inlay, a few small diamonds are crowded close together.With no in-depth look, there will be an illusion that this is one big diamond and not a few smalldiamonds together – which
The Fullness World of A Diamond Ring
The Fullness World Of A Diamond RingThe son of a friend who has lived in Tel Aviv with his girlfriend for eight years recently approached me to purchase an engagement ring and this is his story: “When I decided to propose to my girlfriend, I went to a number of jewelry stores to buy an engagement ring. Quickly did I realize that I had come across an industry I did not understand. Every store I go to, presents me with beautiful diamond rings. In one of the stores, when the seller saw I was undecided because of the high prices; she offered to give me a 30% discount.”I thought, it is easier for me to buy a car from a car dealer, where I have an option to get the car inspected by an unbiased party, than it is to buy a diamond already set in a ring. In the case of the diamond ring I just have to take the sellers word in regards to the diamonds weight, and all the other parameters that determine the high price of the ring.”The problem was solved after his father referred him to me. He received an explanation from me and got the chance to see all the diamonds before they were set in a ring. I was able to explain the reason for the difference in price between two identical diamonds from two different sellers. One of the goldsmiths we work with made him a white gold band per his preference.The diamond ring was to the complete satisfaction of the young man. Later he sent me a picture of the exciting moment when he took out the ring to propose to his girlfriend. I called to give them my best wishes
How will you know that the price you are paying for the diamond jewelry- is in fact worth it?
Suppose you have decided to invest in a gift for somebody you love, and you decided to surprise him with a jewel that has a diamond embedded in it.You then arrive to a jewel store that you have received references about it, and you are impressed with the large variety of jewels over there that each one is prettier than the other, and after consulting with the seller you decided to purchase a jewel.How will you know that the price you are paying for the diamond jewel- is in fact worth it?Today there also synthetic diamonds that are produced in laboratories and it is very hard to distinguish between them and between the real diamonds that are created in the nature.The synthetic diamonds are considerably cheaper, and in order to identify them, they need to be examined in a laboratory with advanced equipment. In order to avoid buying a jewel with a diamond embedded in it that isn’t worth the price you pay for it, it is very important to purchase the diamond separately from a known manufacturer or diamantaire who holds a certificate from the American Gemological Institute for each stone.The gemological certificate contains all of the important parameters that influence the price of a diamond, like its weight, color, and clarityThe certificate also mentions if the diamond is real or it was produced in a laboratory.I want to save you all of the searches and unnecessary hassle of dealing with matters that you don’t have to deal with, and to provide to you a guidebook on how to buy a diamond. I also want to connect you with one of the largest diamond manufacturers in the world. Leave your details in the attached form, mention the size of the diamond you want and what is your budget in regards to the purchase of the diamond, and in exchange for an initial singular payment we will
The diamond market is advancing into the online realms
The diamond trade is time-honored practice, and in the past whoever wanted to purchase a diamond had to meet the seller (or his agents) in person, and then he was given the opportunity to examine the diamond that was offered for sale in a non-technological and uncertain manner, when only knowledge and experience guaranteed then that the transaction will be completed successfully. Can you purchase a diamonds online?The short answer is –absolutely!Purchasing a diamond is a festive and joyful event. When the diamond is intended for an engagement ring or an impressive jewel you need to verify that the designated diamond will suit the event, the jewel, the expectations and the budget.The main advantage of purchasing a diamond on the internet is the enormous supply that is then offered to us and the ability to compare diamonds from around the world without the vast effort of having to physically run between the stores.If you act correctly, you can use the internet platform in order to find and buy the proper diamond at an affordable price. Let us emphasize that purchasing a diamond online needs to be done wisely and carefully in order that we will truly purchase what we’re expecting and we won’t fall into a scam.The purchasing of a diamond online is suited for people who can delve into matters and enjoy the need to expand their knowledge in order to successfully cope with the challenge of tracing the perfect stone and purchasing it at the best terms.It’s worth mentioning that “the best terms” doesn’t refer only to the price but to a set of variables, which include the credibility of the seller, true figures that attest to the traits of the diamond we chose, the reliability of the gemological laboratory that supplies the certificate and the manner of payment. The Four Famous Parameters are still the Heart of the Matter:Everybody who is interested in purchasing a diamond needs to know the four parameters that are called: The 4C’s (which stand for Carat, Color, Clarity and Cut). If you’re interested in making the most from the process of purchasing a diamond then look in the internet for these parameters in order that you’ll be able to understand the specification that will be presented to you in regards to every diamond that’s offerred for sale. A Gemological CertificateEven if you could hold the diamond and look at it through a loupe (the diamantaire’s magnifying glass that increases the diamond times 10) it is doubtful whether you can determine that the diamond is worth the price the seller is asking for. That’s why it is recommended not to purchase, either online or otherwise, a diamond that weighs 0.30 carats or more without receiving a certificate that the diamond passed a gemological examination by an acknowledged, independent and unbiased team of experts (meaning that aren’t on behalf of the seller). There are a number of acknowledged gemological institutes that supply such certificates.It’s very important to know, and the certificate will of course mention this, whether the diamond is natural (and it wasn’t produced in a laboratory), and whether it underwent such treatments as drilling or heating under pressure in order to improve its natural traits (color and clarity) while lowering its price.If you’re interested in purchasing a diamond online then dedicate the time to learn about the 4C’s, about the treatments that are done today in natural diamonds and about how to know whether the diamond you’re buying is a natural one and not laboratory-made.Embark on an adventure that will end with purchasing a marvelous stone that is the hardest of all minerals. A unique stone that it took millions of years in order that it’ll be created in the depths of the earth.
Why is the price of pink diamonds rising?
The Argyle Diamond Mine, which is Rio Tinto’s leading mine in Australia, produced last year 14.07 million carats of diamonds. This is a decrease of 18% compared to its production in the year 2017. The decrease in the production of the Argyle Diamond Mine derives from alluvial mining, which is a method of mining the concentrates on collecting the diamonds from the surface of the ground, and it is the most traditional, as well as the most ancient method in world for mining diamonds.In this method of mining millions of tons of sand, which includes gravel, are disposed of and transferred to a sorting-out and separation. This method is relatively easy, but it requires a lot of patience, and it spreads over vast areas. Therefore, you need heavy machinery and expensive means in order to perform this method. Argyle, the Australian diamond mine, which is owned by Rio Tinto, is the largest diamond mine in the world in terms of its volume, and it is probably the most famous diamond mine in the world because of the rare pink and red diamonds that it constantly produces since it began to operate commercially in 1983.Now the famous mine is nearing the end of its activity, and it is expected to be closed during 2020.The Argyle Diamond Mine is the source for about 90% of the pink diamonds in the world, and its planned closing is one of the reasons why the price of the pink diamonds is rising.In the year 2018, the revenues of Rio Tinto from the Argyle Diamond Mine amounted to about 259 million dollars, which is an increase of 26% compared to 2017. The improvement in the revenues derives from the increase in the sales, from the improvement in the economy of the USA, and from the increase of the prices of the Company’s famous pink diamonds.The last tender of pink diamonds of the Argyle Diamond Mine, which was held on November 28th 2018, achieved record results that reflect the intensity of the global demand for colorful fancy diamonds. This tender included 63 diamonds in the colors of pink and red.Rio Tinto also presented recently the diamonds from the Argyle Diamond Mine that will be auctioned in the tender of the year 2019- 64 extraordinary diamonds that their total weight is 56.28 carats.Rio Tinto told that in the last 18 years, the price of the pink diamonds from the Argyle Diamond Mine that were sold in tenders rose by more than 400%.
An Engagement diamond ring from Israel
We all know that buying an engagement ring or any other diamond jewel is usually a fiscal expense that in neither small nor definitely part of our regular budget. The diamond jewel industry is an industry that has a touch of mystery, which turns the process of buying diamond jewels into a task that isn’t simple. The diamond is the most expensive component in a diamond jewel, and therefore the diamond we choose is a critical factor in the price of the diamond jewel. The price of a diamond is based on a number of factors, including its physical properties, and the following tips may help you a lot. You may be surprised to hear, but a flawless diamond that is completely transparent shouldn’t be your main objective.These are the reasons:The beauty of a diamond derives first of all from its sparkle. A diamond that doesn’t sparkle is unaesthetic. You can compromise on a lot of things when buying a diamond jewel, but the quality of the diamond’s cut is something you shouldn’t compromise on. The quality of the diamond’s cut actually determines the level of its sparkling, and a diamond that wasn’t cut properly will not sparkle. You should buy a diamond jewel that its level of cut is excellent or at least very good.You can compromise on the level of the diamond’s clarity. Flawless diamonds are extremely rare, and therefore their price is very high. There are many diamonds that have small flaws that can only be detected through a magnification that is times 10. These diamonds are cheaper than the perfect diamonds, but you shouldn’t be concerned that somebody will notice the difference. A level of clarity that is VS1, VS2 or SI1 is absolutely sufficient.Another smart choice refers to the color of the diamond. Colorless diamonds are rare and are deemed prettier. They are also more expensive. However, when you embed small colorless diamonds in a diamond jewel, this advantage of prettiness disappears. Also, only an expert will be able notice through the naked eye the differences in the colors of the diamonds once they are embedded in the jewel. This is especially true when the diamonds are embedded in gold that gives them a yellowish tone. Therefore, a level of color that is F, G or H is definitely sufficient.The sparkle of the diamond derives from the reflection of light. You can maximize this quality by embedding a large diamond that is surrounded by small diamonds. The reflection of the rays of light between the small diamonds and the one in the center will highly strengthen the sparkle of the diamond and it will also create an optical illusion that will make the diamond look larger than its actual size.Another illusion occurs when you choose a diamond jewel that is made of white gold that is covered with rhodium. Rhodium is a shining silver metal, and therefore it strengthens the sparkle of the diamond and makes it appear larger. But you need to be careful when it comes to a gold jewel covered in rhodium, because after a few years the rhodium cover will peel off and the ring will look bad.The manner the diamond is embedded also affects the appearance of its size. Conservative methods of embedment that cover more of the diamond’s area make it look smaller. Modern methods of embedment that expose more of the diamond’s area make it look larger. However, it is important to mention that if the diamond is more exposed then you need to assure the quality of the embedment, so the diamond will not fall off and get lost.Most of the times, an embedment of a high quality assures that the diamond will not fall from the jewel, but don’t be shy and ask to look at the diamond through a magnifying glass in order to detect flaws in the embedment. You don’t have to be an expert in order to detect non-qualitative work.The last option for increasing the surface area of the diamond is to choose a method of embedment that is called an invisible embedment. In this method you need to embed small diamonds close together, and then when we look at the diamond not in a profound way, it looks like one large diamond and not a number of small diamonds- and this will make the diamond jewel look much more impressive.
Man-Made Diamonds in Jewelry
Man-made diamonds are also known as lab created diamonds, manufactured diamonds, cultured diamonds, engineered diamonds, lab grown diamonds or synthetic diamonds. Such diamonds are in fact precious stones grown in laboratory conditions which simulate the earth’s natural environment where natural diamonds form. Given the rarity of natural diamonds and the high demand they come under it is obvious why for over a century attempts have been made at creating man-made diamonds. It is important to understand that this is no simple feat, the conditions under which pure carbon is transformed into the hardest material on earth are hard to mimic artificially, immense pressure, heat and millions of years are necessary for natural diamonds to form. The formidable challenges of growing diamonds in lab conditions have been tackled over recent years. A seed consisting of a tiny natural diamond is placed in a chamber where conditions of great heat and pressure are maintained. Pure carbon atoms are introduced and, over several weeks, layers build up over the diamond seed, thickness grows until a rough, high quality diamond is created, typically of II A grade Cultured diamonds are sold at around two thirds the cost of natural diamonds of similar carat, cut, color and clarity. Since diamond engineering technology will undoubtedly advance it is safe to assume that the cost of growing man-made diamonds will decrease and with it their price. For this reason a diamond jewel, such as a diamond engagement ring, made with a lab grown diamond will only maintain its value if it is extremely well designed and crafted. Controversy Amongst the Diamond Trading Community and Jewelersit is only to be expected that as the quality of manmade diamond rises so does controversy over how use of them in jewelry compares to that of “real diamonds” (i.e. naturally formed ones).The advantages of cultured diamonds are numerous. For instance, they allow for purchasing a more impressive piece of diamond jewelry for a fixed budget. On the other hand many feel that a diamond jewel with a natural diamond is more authentic and desirable than an identical jewel with a stone created in a lab. The way top quality man-made diamonds and cultured diamond jewels are regarded varies greatly. In the Israeli diamond exchange for instance trading in lab created diamonds is not allowed in the diamond exchange itself and only takes place in its vicinity.Some manufacturers of diamond jewelry, including Israel diamond design firms, specialize in using man-made diamonds, others altogether refrain from it. Man-made diamond manufacturers insist that not only natural diamonds be called “real diamonds” (a title such as “Israel real diamonds manufacturer” is therefore no longer an oxymoron), old school diamond experts frown at such suggestions. One thing is for certain, cultured diamonds have well earned their place besides natural diamonds and they are here to stay.Anyone looking to buy a diamond engagement ring today can choose between one with a natural diamond or real diamond and one with a man-made one, it is important to make an informed decision.
The Rule of Diamonds in Jewish Faith and Culture
Even if you’ve never bought a loose diamond nor any type of diamond jewelry you are still most probably aware that there is widespread involvement of Jews in international diamond trade as well as in diamond processing (cutting and polishing), diamond jewelry manufacturing and marketing.For centuries, prominent Hasidic Jewish families have played major roles in the Antwerp diamond exchange, one of the largest in the world handling over 16 billion dollars worth of trade annually. The Tel-Aviv diamond exchange is responsible of almost 20% of Israel’s GNP (gross national product). Many leading diamond institutes, where rough diamonds are processed and ready diamonds appraised and certified, are owned by Jews, some such institutes are located in Israel.Obviously, such deep involvement indicates a long standing relationship between Jewish culture and diamonds. In fact, diamonds are inherent to Jewish religion itself, the very first known listing of the word “diamond” is found in the first testament (Exodus chapter XXVII “and the second row shall be an emerald, a sapphire and a diamond”).If you’re curious about how and why Jews have become such diamond experts, the following paragraphs will provide you with some answers. Diamonds and Jews In Ancient HistoryAs mentioned above, there are references to diamonds in the Bible. It seems that in ancient times these most precious of stones served two purposes, adornment and as tools utilizing their unequalled hardness (diamonds posses the highest level of hardness of any material known to man). Interestingly enough, thousands of years later, diamonds are still either set in jewelry or used in tools for sawing, cutting, drilling and polishing. The bible tells us that for centuries Jews were slaves in Egypt, this period in ancient history ended around 2,000 BCE with the famous exodus led by Moses. As slaves it is unlikely that Jews came into contact with diamonds. Even so once gaining freedom the Jewish priestly breastplate (worn by the Jewish high priest) contained most known precious stones including diamonds.Israel is situated at a crossroads between Europe, Asia and Africa. As trade between east and west developed Israelites undoubtedly came into increasing contact with diamonds carried by merchants from the far east (mainly India) and later also from central Africa, to Europe’s royalty. Medieval TimesIn medieval times Jews became scattered all over the world. Since they were considered aliens they suffered persecution, their property often pillaged. Keeping diamonds was an effective way to secretly hold on to potential wealth, Jews therefore began trading in diamonds (both among themselves and later also with non-Jews) and setting them in jewelry. Some Jewish families specialized in jewelry related crafts thus becoming expert goldsmiths and diamond cutters. Middle AgesDuring the middle ages diamond trade bloomed. Trust was essential since it was hard to ensure stones safely reached their destination. In this respect Jews enjoyed an advantage, the existence of well established Jewish communities in many large cities allowed Jews to easily move around both rough as well as ready diamonds. The Modern EraThe Holocaust’s effect on Jewish culture further tightened the bond between Jews and precious stones, primarily diamonds. But even before world war II Hasidic Jewish families dominated diamond trade at the Antwerp diamond exchange. These families maintained close contact with colleagues (both Jewish and non-Jewish) in countries where diamonds were mined, including Russia, India and European colonies in Africa. Once the state of Israel was founded (in 1948) Jews involved in diamond trade, jewelers and diamond processing craftsmen moved to Israel establishing, in the 1950’s, the Tel-Aviv diamond exchange which quickly grew into a major worldwide diamond market center.Although Israel’s economy has expanded dramatically over recent decades the various aspects of diamond trading still account for some 16% of Israel’s gross national product (GNP). This includes dealing in rough stones, cutting, polishing, ready stone appraisal, setting in Jewelry, buying and selling loose stones, diamond jewelry etc.In recent years Indian diamond traders have gained a firm grasp over a large volume of trade at the Antwerp diamond exchange. Nevertheless, to this day in many countries, Belgium included, the number of Jews belonging to the diamond trading community far exceeds the percentage of Jews in the general population.
Diamantaires from China will Polish Large Diamonds in Israel
The new polishing factory that the Israeli Diamond Exchange and the Israel Diamond Institute are building nowadays in the compound of the diamond exchange in Ramat Gan will be one of the fields of cooperation that were agreed by the president of the Israeli Diamond Exchange, Mr. Yoram Dvash, and by the president of the Shanghai Diamond Exchange Mr. Li Qiang, who signed this week in Ramat Gan a historical memorandum of understanding between the two diamond exchanges.This is evidence of the renowned specialty of the Israeli polishers and of the technological advantages here in Israel. The construction of a new polishing factory for large diamonds in Israel is part of the technological revolution that we are implementing in the Israeli Diamond Exchange. An Advanced Polishing Factory for Large DiamondsThe Israel Diamond Exchange and the Israel Diamond Institute invested more than 3 million dollars in building the new factory for polishing large diamonds, which will be the most technologically advanced factory in this field. The factory will include two laser polishing centers, which will be set in the compound of the diamond exchange. This new factory will occupy an area of about 1,100 sq m, and it will employ about 150 polishers. The factory is expected to be opened at the end of January 2019, during the next international diamond week in Israel. Remarkable Evidence of the Reputation of the Israeli Diamond IndustryIn the course of this exciting event, in which a memorandum of understanding that is the first of its kind was signed, it was also agreed that senior Chinese companies will transfer to Israel the processing of large diamonds to a factory that will also be built in the compound of our diamond exchange. This extraordinary process in which contrary to the worldly trend, the Chinese are outsourcing work to Israel is an amazing evidence of the technological advantages of Israel and of the worldly reputation of our diamond industry.The Chinese love Israeli made diamonds. Many Chinese who bought a small diamond for their wedding buy a larger diamond for their silver wedding and many of them buy such a diamond that was made in Israel.