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In July, Israel's diamond sector experienced a notable decline in multiple trade indicators, largely impacted by global market forces.

The State of Israel was among the first countries to work to raise awareness of the conflict diamond issue and establishing the Kimberley Process.

Lab-grown diamonds, 3D scanning and streamlining payments are bringing the Israeli diamond industry back as a world player.

Israel’s diamond trade grew strongly in January as global demand continued to recover, according to data the government released this week.Polished exports jumped 35% year on year to $453.8 million for the month, with the total volume rising 55% to 205,226 carats. The average price fell 13% to...

Israel’s Polished Trading Surges Again RAPAPORT... Israel’s diamond exports rose sharply in May as the global industry continued to recover and polished prices climbed, according to government data. Polished shipments after returns more than tripled to $264.2 million from $75 million a year earlier, reflecting a rebound from the 2020 coronavirus crisis, the Ministry of Economy and Industry reported Tuesday. Israel has almost entirely returned to normal following a successful vaccination drive, enabling the diamond trade to capitalize on buoyant retail demand in the US and China. May “c...