The Israel Diamond Exchange (IDE) and the Diamond Dealers Club of New York (DDC) have announced that the fifth Israel Diamond Week in New York will takeplace from October 31 – November 2, 2016 on the trading floor of the Diamond Dealers Club of New York.

IDE President Yoram Dvash said that following the positive climate for diamond sales evidenced at the recent JCK Las Vegas show, he has high expectations for Israeli diamond sales in U.S. markets. “The Israel Diamond Week in New York is a win-win deal for members of both bourses. From past experience we know what the American market likes to buy and sell, and therefore we are confident that these goods will be available for the upcoming holiday season in the United States.”

He added that there were many positive indications pointing to a good holiday season in the US this year.

DDC President Reuven Kaufman said that he was very pleased with the shared initiative. “The synergy between the diamond trade of Israel and New York is immeasurable. We are confident that the industry as a whole can gain from the positive momentum that is propelled when our members come together at the show. With the positive trends we are seeing in the U.S. market today we are optimistic that this will be a great event.”