Israel Diamond Exchange (IDE) President Yoram Dvash led an Israel diamond industry delegation to Moscow last week, with the aim of increasing the quantity of rough diamonds entering Israel.
The delegation, comprising the heads of 28 leading Israeli diamond companies, Israel Diamond Institute Chairman Boaz Moldawsky and Israel Diamond Controller Danny Tal, met with ALROSA CEO Sergey Ivanov and senior ALROSA officials.
Dvash told Ivanov that it is significant that a large group of serious Israeli diamantaires want to buy rough from ALROSA given the overall drop in sales of rough diamonds. "This is a brave and important statement, which shows the strength of the Israeli diamantaire, who has a great deal of knowledge and experience, has a strong financial base and wants to buy rough from you, especially during a difficult period. As IDE President and businessman, I see this as an opportunity, not as a crisis, and we believe in cooperation with you,” Dvash said.