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Israeli Diamond Industry Focuses on Luxury at Basel

Posted on 2012-11-06, By A-Best Staff

The Israel Diamond Institute (IDI) annual high profile breakfast press conference at BASELWORLD 2008 will focus on diamonds as a symbol of luxury, featuring some of Israel’s most innovative companies.

The press conference will be held on April 4, 2008 from 8:45 – 10:00 am in the Osaka - Samarkand Congress Room of the Basel Convention Center. Eli Avidar, Managing Director of the IDI Group of Companies will present an update on the Israeli Diamond Industry “2007 – 2008: Challenges, Responses and New Directions.” A panel discussion will feature Israeli companies who are leading the way in the luxury product market, by linking up with high-end jewelry and watch brands, or by providing one of a kind, large stones for special pieces. The companies are: Korn Diamonds, Gemstar-Eshed and YEI-Yahlomei Espeka.

At the exhibition IDI will once again represent The Israeli Diamond Industry at its prominent booth in Hall 3.1, NO1. There will be a strong presence of Israeli diamond companies, exhibiting for the most part in Hall 3, where the loose diamond category is concentrated.

IDI Chairman Moti Ganz said that the Israeli Diamond Industry is keen on expanding its presence in European markets. “Europe is a key market for the Israeli Diamond Industry. We believe that there is significant potential for future growth here. Our participation in BASELWORLD underscores our commitment to meeting the needs of the European market while furthering our growth internationally,” Ganz said.

Eli Avidar said that despite the challenges to the global industry in 2007, Israel’s diamond industry grew handsomely and even exceeded its goals. “The Israeli Industry has proven its creativity and flexibility in adapting to market changes, and remains a world leader. IDI’s marketing efforts support the industry in its global thrust forward. In BASELWORLD, as well as in venues around the world IDI showcases the true meaning of our brand experience: The Israeli Diamond Industry – All You Could Ask For In One.”

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