The Israeli Diamond Industry reported a successful year in 2011 with net polished diamond exports increasing by 23.5 percent to reach $7.2 billion, exceeding polished exports in 2007.
IDI sources said that the significant turnout of Israeli diamond companies at the show attests to the resurgence in the Israeli diamond industry, as well as to the importance that the industry attributes to this show.
BASELWORLD is the premier diamond and jewelry event for the European market and a major meeting place for diamond traders and buyers from all over the world.
An online mini-site, which can be accessed through the IDI portal site, enables buyers to access the Israeli exhibitors virtually before the show.
IDI Chairman Moti Ganz said that the Israeli industry is stronger than ever, but that economic conditions still pose challenges to the industry.
“The Israeli diamond industry has succeeded because it has developed new markets, while continuing to invest activity in its traditional ones.
“Despite current economic uncertainty in some key markets, we are confident that the Israeli industry will make the necessary adjustments to enable continued achievements during the year.”
IDI Managing Director Eli Avidar said that the institute’s marketing strategy in 2012 would continue to be diversified, targeting new as well as existing markets.