Daily Israel Report

Israeli Diamonds: Some of the Best in the World

AN international jewelry and diamond exhibition took place this past week in one of the world's best-known diamond making countries: Israel.
By Elad Benari & Yoni Kempinski
First Publish: 7/7/2011, 7:59 PM / Last Update: 7/8/2011, 9:18 AM

Israel’s international jewelry and diamond exhibition took place this past week at the Tel Aviv Fairgrounds.

Israel itself is well-known for its diamond industry, as Nissim Meyer, CEO of Direct Israel Diamonds told IsraelNationalNews.

“The Israeli diamond industry is one of the best in the world,” Meyer said. “We produce large stones here. The diamond exchange in Israel is very strong. Everyone in the world knows the Israeli diamond industry.”

And why are diamonds so expensive, you ask?

“It’s difficult to explain the attraction [people have] to diamonds,” said Meyer. “Only seven percent of the diamonds in the world are big stones. Most of the diamonds produced are very small. That’s one of the reasons that diamonds are expensive.”