Diamonds exchange
A unique and valuable commodity has created a forum for diamond buying and selling, this has evolved into various bourses around the world, each with an individual character yet all tied with a common purpose and set of trading principles. We present a short synopsis on some of the main bourses where trading is significant and include important relevant news items. Bharat Diamond BourseWorld Federation of Diamond BoursesNew York Diamond Dealers ClubIsrael Diamond ExchangeAntwerp Diamond Bourse
Bharat Diamond Bourse
Bharat Diamond Bourse (BDB) is a service oriented non-profit making company registered in 1984. Its main objectives are: To establish a bourse for the promotion and export of diamonds from India and to provide for the infrastructure and other facilities for Indian and overseas buyers and sellers. To establish and promote an effective liaison between the diamond trade and the diamond industry in India and abroad with a view to promoting their sales from India in International Markets. To promote, advance, protect and develop trade, commerce and industry in India relating to exports and imports of diamonds. To develop and establish India as a modern and sophisticated diamond market in the world by establishing and maintaining an international trading centre in India for all those engaged as manufacturers, brokers and commission agents of diamonds. Although a young bourse, it only opened in 2010 and the official inauguration taking place this year but this is compensated by its size and is now perhaps the biggest bourse in the world. The complex is massive and spreads over an area of 20 Acres. The total constructed area is two million sq. ft. (190,000 sq. m) with two basements of an additional 1 million sq. ft.There are 8 interconnected towers of 9 floors and the Bourse houses 2,500 diamond offices of various sizes, with a trading floor of 6,480 sq. ft. In addition there is a large area for banks 79,416 sq. ft., restaurants 31,303 sq. ft., other services 73,094 sq. ft., and a custom’s and clearing agents area of 21,809 sq. ft.India’s diamond industry accounts for 70-75 percent of total diamond exports in world and employs 850,000 people, making it the largest cutting hub by value and number of employees. Last year, the country’s import of rough diamonds rose 24.5 percent to 149.8 million carats against a year earlier, and export of cut and polished diamonds witnessed a surge of 28.3 percent to 59.9 million carat.Traders are moving away from the Opera House area, the long-time home of the city’s diamond trade and the dynamics of this promising new complex are awe inspiring. Address: G Block Bandra Kurla Complex, Trident Rd, Bandra East, Mumbai, Maharashtra 400051, India Phone: +91 22 2652 2220 More on this subject: Israel Diamond Exchange Diamond Certificates
New York Diamond Dealers Club
All good things start with extraordinary stories and here no less. Two diamond dealers were, as is often seen dealing on the street, a stone fell and was lost and with these few grams, the idea of a facility that was to become legendary was born. The stone was later found in the turn-up of the trousers of one of those dealers but it had done its job. Two lawyers together with Philip Horowitz founded the club with $50 following the initiative of Europe. By the end of the year which was 1931, the DDC had 53 members and growth continued steadily until World War II when the diamond industry took off in New York. Following the European Holocaust, immigrant diamond dealers expanded the DDC’s membership rolls and with the accompanying economic boom established a diamond trade in New York that exceeded that of Western Europe both in quantity and in diversity, as immigration created a varied group of nationalities and cultures. The growth in the number of members demanded larger premises and the DDC moved uptown to 47th Street. This in effect established New York’s iconic Diamond District and the centre for the diamond and jewelry business in the city and in reality the rest of the United States. The Diamond Dealers Club has evolved to keep pace with expanding foreign markets and rapid technological advancements. It organized selling trips for members to Asia, installed highly sophisticated communications and security systems, and provided a vast array of services necessary for members of the industry to participate and compete in the contemporary world market. In the early 1980’s the club moved its offices and trading platform to 580 Fifth Avenue. The DDC also was intensively involved in the representation and administration of the international diamond trade, being a founder member of the World Federation of Diamond Bourses when in was created in 1947. With the advent of the Internet, the DDC in 2003 launched its website at nyddc.com. In 2011 the DDC become the first official diamond exchange to launch a first fully functional online diamond trading floor and by doing so, it extended trading privileges to a new category of electronic members, who are able to do business daily even though they are not resident in the New York. All transactions on the DD online trading platform are secured, with the site acting as a guarantor to the seller for prompt payment of his merchandise and to the buyer for the exact specifications of the stone. As members of the DDC, both buyers and suppliers know that they are protected by the Club’s stringent membership requirements, by-laws, and a proven system of arbitration, in which disagreements can be promptly resolved by a neutral dispute resolution mechanism whose decisions are upheld by the New York State Supreme Court. The Club today boasts 2,000 members and is one of leading diamond exchanges in the world and those two dealers on the street would be truly amazed at what has been achieved by a falling stone. The mission of the Diamond Dealers Club is an example to the diamond industry as a whole of the integrity promoted within the trade as can be seen from its mission statement. In the main by establishing trade principles; standards of disclosure; disseminating accurate and reliable information; the provision of arbitration; abiding by the World Federation of Diamond Bourses; co-operation with official bodies for the improvement of ethical and economic conditions and all in accordance with the laws of the State of New York and of the United States of America. Address: 580 5th Ave #10, New York, NY 10036, United StatesPhone:+1 212-790-3600 More on this subject: Israel Diamond Exchange Diamond Certificates
World Federation of Diamond Bourses
Founded in 1947 as a body that would unite diamond exchanges under one roof, the World Federation of Diamond Bourses (WFDB) would come to provide a common set of trading practices for bourses trading in rough and polished diamonds, as well as coloured stones. There are today twenty eight affiliated bourses throughout the world and the object of the World Federation of Diamond Bourses is to protect their interests and their individual members, and to arbitrate between the affiliated bourses and their individual members. It is the aim of the world federation to participate in the promotion of world trade and to encourage the establishment of bourses, wherever diamonds are actively traded. Members of the affiliated bourses pledge themselves to uphold traditions, principles of mutual trust, consideration and friendship that prevail among the members of the bourses world-wide. In 1975, the WFDB and the International Diamond Manufacturers Association (lDMA) created a joint committee to create an international standard for diamond grading rules, working methods and nomenclature. The joint committee later changed its name to the International Diamond Council (IDC) and adopted the following basic principles: A set of internationally recognized standards that should be applicable in the same way all over the world. Working methods for applying these standards should be normalized too. This is necessary in order to arrive at uniform certificates. In 1978, at the 19th World Diamond Congress in Amsterdam, the IDC presented the general assemblies of the WFDB and IDMA: the International Rules for Grading Polished Diamonds. The system was unanimously accepted, and since then has been implemented by major diamond labs. In July 2000, the WFDB and the IDMA met in Antwerp. High on the organisation’s agenda was the need to develop an industry-wide response to the problem of rough diamonds being used by rebel groups in parts of Africa to finance civil war. During the meeting, a resolution was passed to create the World Diamond Council (WDC). The resolution called for the WDC to develop and implement a tracking system for the export and import of rough diamonds to prevent diamonds being exploited for illegal purposes. As a result of the commitment and resolve of WDC leaders and members, significant strides have been made toward resolving and reconciling these issues. The development and implementation of the Kimberley Process, for example, has reduced the flow of conflict diamonds in the marketplace from approximately 4 percent to significantly less than 1 percent. While the number of conflict diamonds has been reduced, and this is an improvement, it is still not enough. The diamond industry will continue its efforts until conflict diamonds are eradicated completely. The World Diamond Council today represents over 50 industry organizations – from mining companies and trade associations to manufacturers and retailers – worldwide. More on this subject: Israel Diamond Exchange Diamond Certificates
Panama Diamond Exchange
The President of the Republic of Panama together with ministers and representatives from the diamond trade recently celebrated the launch of the Panama Gem & Jewellery Centre, a visionary commercial centre for the trade in the region that will house the Panama Diamond Exchange (PDE). The function of the exchange will be to service the growing demand for diamonds and jewellery in the region that includes South and Central America, Mexico and the Caribbean. Erez Akerman, President of PDE, stated that the approximately 750 diamond wholesalers in the area, who currently buy second hand or travel to existing bourses in other locations in the world, would finally have their own centre, drawing diamonds from New York, Antwerp, Tel Aviv, Dubai, Hong Kong and Mumbai. Although the bourse has not yet started trading, it is expected to do so by the end of this year, where it will play an important part of the estimated wholesale turnover by 2017 of around $5bn, according to Eli Izhakoff, honorary president of the World Federation of Diamond Bourses, the World Diamond Council and the World Jewellery Confederation. This promises an exciting future, especially as the Panama Diamond Exchange is the first and only diamond bourse in all of Latin America with membership in the World Federation of Diamond Bourses. Moti Israeli is the member of Israeli Diamond Exchange. You are more than welcome to check out our diamond stock and choose the exact diamonds that fit your needs and budget.
Diamond Bourse, Club or Exchange
A Diamond Bourse, Club or Exchange – Some Common Features Regardless of their titles, there are about 30 of them worldwide each with their own exclusive membership. Some started in coffee shops, some as a centre for refugees and some just to prevent theft, but all of them protect the ethics and accepted business practices of the diamond trade including the famous ‘mazel u’bracha’ at the conclusion of a successful deal, regardless of the local spoken language. As in other world trades, these institutions are in essence market places for dealers to show their variety of goods. The choice of diamonds in terms of quality, price, shape and size is enormous, and very often cutters and dealers specialising in specific stones and buyers needing a large assortment, can find their needs under one roof both in the comfort of the amenities necessary for purchasing diamonds with a clear mind and with the required security. The word “club” is particularly appropriate in this trade, as from the largest of them, such as The Israel Diamond Exchange with 3,100 members and companies and the Bharat Diamond Bourse with 2,400 members to the smallest with only a few hundred members, the ambience is always the same; a combination of the latest available technology and the friendly, personal manner that trade is conducted within the diamond industry. Below is a list of the most known exchanges worldwide (in country alphabetical order): DIAMOND DEALERS CLUB OF AUSTRALIA DIAMANT-CLUB WIEN ~ AUSTRIA BEURS voor DIAMANTHANDEL ~ ANTWERP, BELGIUM SHANGHAI DIAMOND EXCHANGE ~ CHINA DUBAI DIAMOND EXCHANGE DIAMANT- UND EDELSTEINBÖRSE IDAR-OBERSTEIN EV ~ GERMANY HONG KONG DIAMOND BOURSE LIMITED BHARAT DIAMOND BOURSE ~ INDIA THE ISRAEL DIAMOND EXCHANGE LTD BORSA DIAMANTI D‘ITALIA TOKYO DIAMOND EXCHANGE INC ~ JAPAN PANAMA DIAMOND EXCHANGE DIAMOND CHAMBER OF RUSSIA DIAMOND EXCHANGE OF SINGAPORE DIAMOND DEALERS CLUB OF SOUTH AFRICA BANGKOK DIAMONDS AND PRECIOUS STONES EXCHANGE ~THAILAND VERENIGING BEURS VOOR DEN DIAMANTHANDEL ~ THE NETHERLANDS THE LONDON DIAMOND BOURSE AND CLUB ~ UK DIAMOND CLUB WEST COAST, INC. ~ USA, CALIFORNIA DIAMOND BOURSE OF SOUTHEAST USA INC ~ USA, FLORIDA DIAMOND DEALERS CLUB ~ USA, NEW YORK Israeli Diamonds click here Read hear about top diamond exchanges and bourses in the world.
Antwerp Diamond Bourse
Antwerp diamond Bourse was Founded in 1904 by a few diamond merchants who wanted to move their diamond dealing from a small coffee shop in the Pelikaanstraat to a more secure place. The Antwerp Diamond Bourse is situated in a building sitting on several blocks stretching from the Pelikaanstraat to the Hovenierstraat. It is a host to a magnificent trading hall, evidence to the centuries of Antwerps’s trade in rough and polished diamonds the international diamond trade. The geography of Antwerp diamond trade Antwerp’s diamond trade has for 550 years of business, traders and diamonds from Brazil, Africa, Russia and Canada whilst reflecting developments in cutting polishing and trade. Antwerp’s diamond expertise is also connected with the histories of the diamond trades of many other countries, such as: United States (New York),Russia,Israel,India,African countries (such as South Africa, Angola, and Botswana). Antwerp Diamond Bourse today The Board of the Antwerp Diamond Bourse is totally aware that at the same time as 550 years of history is an interesting conversation piece, financing and networking center, today Antwerp’s diamond dealers need to present a convincing added-value to their clients around the world, for today and for tomorrow. What does it offer? The polished market must offer full reliability, the widest range and easy access for all the participants. Rough markets must continue to support its depth and the range of all kinds of rough diamonds available to manufacturers and dealers in all markets. In support of its members the Antwerp Diamond Bourse, is reaching out to its parallel Bourses and other investors to organize the joint resources that exist to strengthen the global diamond market.
Israel Diamond Exchange
The diamond industry is one of leading export industries in Israel, and the Israeli Diamond Exchange is the one of biggest and most important diamond trade centers in the world. Israel imports per year raw diamonds at a value of about 5 billion dollars- this amount is about 40% of the value of the raw diamonds that are produced in the world! The value of the Israeli export of diamonds is about 10 billion dollars per year, and 6 billion dollars out of that amount is in polished diamonds. The main export markets of Israel are the United States, Hong-Kong and Europe. Israel is one of the biggest diamond polishing centers in the world Beyond the fact that it is an important and leading international trade center, Israel is also a large and important center in diamond polishing- a large portion of the polished diamonds that are exported from Israel abroad (about 40%) are polished in Israel, while the rest of the diamonds are polished in other polishing centers around the world (mostly in factories that belong to Israeli diamond manufacturers and/or factories that cooperate with Israeli diamond manufacturers). The history of Israeli diamond industry In 1937, the first diamond polishing plant was built in Israel, and the Israeli diamond industry soon became one of the prominent industries in the Israeli economy, a known name in the world economy, and an international center of the diamond industry. The first expression of the considerable statute Israel seized in the diamond industry was in 1956, when for the first time in its history, the international congress of the World Federation of Diamond Bourses (WFDB) was held in Israel. From that year on, the Israeli Diamond Exchange became (and is still today) an important center in the international diamond industry, a key-player in the world industry and in the Federation, and the presidents of the Israeli Diamond Exchange are occasionally selected to key positions in the Federation and even serve as its presidents. Where is the Israeli Diamond Exchange located? In the 1960s, Ramat Gan was selected as the permanent and official residence of the Israeli Diamond Exchange, and in 1968, the first building of the Exchange in Ramat Gan (the Shimshon Building) was inaugurated. The Building includes 15,000 sqm of offices and commercial areas. Since then and until today two additional buildings (Macabi and HaYaalom) were added to the center of the Diamond Exchange. These buildings are owned and managed by the Diamond Exchange’s Enterprises, and are an inseparable part of the Diamond Exchange complex. These buildings are attached together by covered bridges, and together they are a closed and safe compound for trading in diamonds- a compound that is considered the biggest and most safe one in the world. Later on, the Noam Building was added by an overpass (this building is under separate ownership and management). The complex of the buildings of the Diamond Exchange as they are known today includes an area of about 80,000 sqm that is composed out of 1,050 offices of diamond practitioners. Kind of services in the Israeli Diamond complex As part of the unique planning conception of the compound, which in its center is the idea that “all is under one roof”, the complex of the buildings of the Diamond Exchange also includes many service companies that supply the people in the industry with all of the services they need for their commercial and business activity. Amongst the companies that operate in the compound, you can find shipping companies, branches of commercial banks, a post office, insurance companies, the office of the inspector of diamonds in the ministry of commerce and industry and a customs room. The complex also includes a synagogue, restaurants, stores, a culture room, a doctor’s room and etc. One of the biggest Diamond Exchanges in the world The Israeli Diamond Exchange is the biggest diamond stock exchange in the world and it operates two trading halls (polished and raw), in which an advanced and sophisticated technological wing is located. This wing includes advanced equipment to inspect diamonds. The trading halls are equipped with the best of the technology, with advanced communication systems, with computer and internet systems and with official diamond weighing services – all of which are meant to enable the practitioners in the industry to enjoy the variety of advantages of the world’s one of the biggest diamond trade center. Moti Israeli Diamonds is proud to be one of the Israeli Diamond Exchange members. For further questions about diamonds in Israel, please contact us.
Notice Where We Are
Where? Israel Diamond Bourse Our offices are within the Israel Diamond Bourse complex offering a choice unparalleled in the world. Israel is a leading centre in the world of diamonds. Much of the world’s rough diamonds are processed in Israel. Its factories are known for their sophistication and technological advancement. It has the largest trading floor in the world with 3,000 members and up to 15,000 people passing through the complex daily. International mining companies, suppliers of rough, specialist manufacturers and polishers, laboratories, buyers and traders from the four corners of the globe all converge in this amazing complex. We have been here for over thirty five years and knowing and being part of the cog wheels that make it turn we can offer all of its facilities to our customers who can sit back and relax. Who? Second generation family business. Moti Israeli and his team are in the hub of the Israel Diamond Bourse. A second generation family, friendly business, that understands the needs for diamond buyers whether it be retail organisations or investors, we have cut and polished diamonds to the highest standards for long standing clients worldwide. We are big enough to have the power to buy flawlessly yet small enough to be versatile for your own individual requirements. After nearly forty years in the business, we at Moti Israeli Diamonds will exercise our experience to solve the all too well known buying problems and turn this dilemma into your own personal pleasant surprise. What we offer? Meet Moti Israeli, your man on hand and together with his team, they have their finger on the pulse as to all available stones in the Israel Diamond Bourse. You are dealing with a real person who has viewed every stone that is offered to you. His expertise goes beyond a dry technical report or verbal description of a diamond. The certificate is only half the story; our expert lets you know the unknown and reveals the unrevealed. Making a decision between two diamond reports is as if reading a film script without watching the movie, choosing between two actual gemstones is the reality, which has no substitute. Why choose Moti Israeli Diamonds? The team as a whole has an unmatched broad knowledge that is an essential ingredient in the overall service that we offer. This ranges from finance, diamond technical expertise, diamond market knowledge, diamond mining, rough availability and commercial awareness in all related trades including jewellery and diamond investments. When the “right” rough comes along, we have the ability to cut, polish, and sell the finished stones to big companies at a price that allows them to make a profit. We are in the market and trading and we can proudly put our money where our mouth is. For any further question and requests, please feel free to contact us. Moti Israeli – Your Loose Diamonds Expert Meet Moti Israeli your man on hand and together with his team, they have their finger on the pulse as to all available stones in the Israel Diamond Bourse. Read More » Diamond Consulting Services You need a special stone or perhaps several of them, you can find one locally but then so can all your competitors, the price is OK but then so can… Read More » Why Buy Diamonds From Us 1. Free Professional and objective advice.2. Diamonds prices are very competitive.3. Conflict free diamonds.4. GIA certificate for each diamond.5. Free secure shipping.6. We are well known and trusted in the trade. Read More »
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.