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$10M Polished Diamond Tender Is First Ever Offering By IDE Itself

The Israel Diamond Exchange (IDE) will hold the first ever tender of Israeli polished goods offered by the exchange itself, during the International Diamond Week in Israel (IDWI). The tender will take place from January 27 to 31 and will be held at the IDE’s International Tender Center.

The tender will consist of a wide and varied array of polished goods offered by IDE members, with a total value of over $10 million. KOIN International will manage the tender.

The IDE said in a press release that since opening the International Tender Center in February 2017, it has become a hub for rough and polished tenders held by major international companies, with dozens of tenders held each year. However, this will be the first time that IDE itself will be holding a tender.

According to the IDE, a tender of this type will open up new markets to varied goods offered by Israeli diamond companies. The IDWI, which attracts hundreds of buyers from around the world, is an excellent opportunity for these goods to be offered to a large and diverse group of buyers, the press release said.

The tender was initiated by Zvi Zamir, Chairman of the International Tender Center and IDE’s Trade and Rough Diamond Committee to answer the needs of local diamantaires.

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