Diamonds forge cornerstone of Israeli-Indian relations
Israel’s Diamond Exchange is home to some 30 Indian companies
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Israel’s Diamond Exchange is home to some 30 Indian companies
In his small office in the Israel Diamond Exchange near the coastal city of Tel Aviv, Pravin Kukadia proudly presents his collection of precious stones. Between Kukadia’s homeland, India, and his country of residence, Israel, diamonds have forged a key diplomatic and economic link — representing about US$1.5 billion a year and roughly half of all trade between the nations, diamond experts say. Kukadia first came to Israel in 1996, but soon made regular visits to Israel as a buyer for his family business based in Surat in western India — where 90 percent of the world’s diamonds are cu...
'Diamonds were one of the first commodities exchanged between Israel and India' - Click the link for more details.