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Ramat Gan, Israel, October 11, 2011: According to Shmuel Mordechai, Diamond Supervisor of the Ministry of Industry, Trade and Labor According to the data, the Israeli diamond industry continued to show significant growth in the third quarter of 2011. The data shows that both polished diamonds and rough diamond imports have double-digit growth. From January to September 2011, Israel’s net exports of polished diamonds were US$5.83 billion, an increase of 37.1% compared with the same period last year. The net export value of rough diamonds was US$ 2.98 billion, up 31.8 percentage points. Net imports of polished diamonds rose 48.8 percentage points to $4.17 billion. The net import value of rough diamonds was US$3.52 billion, an increase of 35 percentage points compared with the same period last year.
The United States still maintains Israel’s position as the largest market, consuming 37 percentage points of Israel’s polished diamond exports, or $2.13 billion; Hong Kong’s consumption of $1.71 billion, or 29 percentage points; Belgium’s $471 million, or 8 percentage points; Switzerland, 3.38 One hundred million dollars, that is, 6 percentage points; Thailand, $114 million, or 2 percentage points; the other total, $1.07 billion, or 18 percentage points. Moti Ganz, president of the Israel Diamond Industry Association Group (IDI), said: “The positive results achieved in 2011 were due to the vitality, flexibility and motivation of the Israeli diamond industry. The significant recovery in the Israeli diamond industry is positive in the industry. As a result of their efforts, they have been able to adapt to changes in the market and take advantage of the rapidly changing trend. Although I am not sure now, I think the data for the whole year is very promising to continue this positive trend.†Israel Diamond Industry Eli Avidar, chief executive of the association (IDI), said that the early action of the Israeli diamond industry is the key to achieving these impressive results. He said: "The lineup of Israeli representatives attending the September Jewelry Show in Hong Kong is larger than any other country. We have seen more and more first-time participants join our pavilion, especially in the Asian market. We have passed There are more trade shows in the market to respond to the unstoppable needs of our industry. In 2012, we intend to participate in some exhibitions held in emerging markets, and I am sure that we will get a lot of response."
The United States still maintains Israel’s position as the largest market, consuming 37 percentage points of Israel’s polished diamond exports, or $2.13 billion; Hong Kong’s consumption of $1.71 billion, or 29 percentage points; Belgium’s $471 million, or 8 percentage points; Switzerland, 3.38 One hundred million dollars, that is, 6 percentage points; Thailand, $114 million, or 2 percentage points; the other total, $1.07 billion, or 18 percentage points. Moti Ganz, president of the Israel Diamond Industry Association Group (IDI), said: “The positive results achieved in 2011 were due to the vitality, flexibility and motivation of the Israeli diamond industry. The significant recovery in the Israeli diamond industry is positive in the industry. As a result of their efforts, they have been able to adapt to changes in the market and take advantage of the rapidly changing trend. Although I am not sure now, I think the data for the whole year is very promising to continue this positive trend.†Israel Diamond Industry Eli Avidar, chief executive of the association (IDI), said that the early action of the Israeli diamond industry is the key to achieving these impressive results. He said: "The lineup of Israeli representatives attending the September Jewelry Show in Hong Kong is larger than any other country. We have seen more and more first-time participants join our pavilion, especially in the Asian market. We have passed There are more trade shows in the market to respond to the unstoppable needs of our industry. In 2012, we intend to participate in some exhibitions held in emerging markets, and I am sure that we will get a lot of response."
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