Israel conference to focus on rough supply

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Israel conference to focus on rough supply

December 27, 2007

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Ramat Gan, Israel—Israel's upcoming diamond conference will focus on the recent changes in the rough-diamond supply chain, given the Diamond Trading Co.'s (DTC) recent dramatic reduction in the number of sightholders.

The Third International Rough Diamond Conference, scheduled for Feb. 11-12 in Tel Aviv, Israel, will bring together diamond producers, manufacturers and mining companies for a dialogue on the new model of rough supply.

In addition, representatives from the DTC will be on hand to discuss the strategy behind the latest sightholder list.

The latest sightholder list, released Dec. 17, included 79 companies total, down from 93.

DTC Managing Director Varda Shine said the conference presents an opportunity for the DTC to explain its strategy behind the new sightholder list to a wider audience.

"Our new commercial strategy brings together our commitment to beneficiation and our desire to work with those companies best able to add value to the diamonds we sell," she said.

Moti Ganz, chairman of the Israel Diamond Institute Group of Companies (IDI), which is organizing the conference, said they are aiming to have the conference represent all the entities in the rough-diamond world.

He said so far, the IDI has received a positive response from most industry players.

For more information about the conference as well as registration, visit its Web site, Roughdiamondconference.com.

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