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Leviev leads list of top Israeli diamond exporters

January 14, 2008

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Ramat Gan, Israel—Diamantaire Lev Leviev's company L.L.D. Diamonds Ltd. once again topped the annual list of the 30 largest Israeli polished-diamond exporters, boasting $522 million in diamond exports in 2007, according to new Israeli government statistics.

The list, published by the Israel Diamond Controller's Office in the Ministry of Industry, Trade and Labor, was released on Monday. Net polished exports of the top 30 exporters totaled $3.160 billion, accounting for 44 percent of Israel's total net polished diamonds, which reached $7.075 billion in 2007, according to Shmuel Mordechai, Israel Diamond Controller.

Second on the list of top polished-diamond exporters is Leo Schachter Ltd. with $446 million in diamond exports. Third place went to Moshe Namdar and Co. with $199 million, while fourth place went to Espeka Diamonds International Ltd. with $194 million in diamond exports, and fifth place to A. Dalumi Diamonds Ltd. with $170 million in exports.

The remaining top 10 exporters are: Yerushalmi Brothers Ltd., sixth place, $161 million in exports; A.A. Rachminov Ltd., seventh place, $128 million in exports; M.I.D. House of Diamonds Ltd., eighth place, $122 million in exports; Poligem Ltd., ninth place, $94 million in exports; and Rosy Blue Sales Ltd., 10th place, $93 million in exports.

The list of 30 does not include 15 companies, whose exports totaled $739 million, who chose not to publish their export figures.

Moti Ganz, chairman of the Israel Diamond Institute (IDI) and President of the Israel Diamond Manufacturers Association, said that these diamond exporters have made an important contribution to the Israeli Diamond Industry, as well as to Israel's economy. But he also noted the strength of Israel's diamond industry rests on the valuable contribution of all the country's industry members, including manufacturers, exporters and traders.

"The Israel Diamond Institute applauds all of the industry's exporters, large and small," IDI Managing Director Eli Avidar said in a release. "We are dedicated to serving the entire industry, investing major efforts in developing new markets—such as China and India—and expanding existing ones."
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