The Israel Diamond Exchange (IDE) announced that it will hold a special sales event in New York, in collaboration with the New York Diamond Dealers Club (DDC), under the headline “Stand With Israel”. The event will be held from 27th-30th November 2023, on the new trading floor of the DDC.
Due to the war with Gaza, the Israeli economy has slowed considerably, and the diamond exchange has seen a significant drop in activity. IDE said the special sale is intended to boost the local diamond industry, and to enable diamond traders from throughout the U.S. to show their support for the Israeli industry.
The organisers are also launching a marketing campaign in New York and across the U.S. to invite diamond buyers to attend the event and to stock up on goods for the holiday period.
IDE President Boaz Moldawsky said, “The special sales event is intended to strengthen ties between Israeli and American diamantaires and to create business opportunities during this very difficult period. We hope to see a huge turnout of diamantaires who ‘Stand with Israel’ at this challenging time. In the past we have held Israeli Diamond Weeks at the DDC which were always successful, but in light of the special circumstances this event will be especially meaningful.”