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World diamond producers to converge on Israel

January 31, 2008

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Tel Aviv, Israel—Representatives from more than 99 percent of the world's rough-diamond producers are expected to attend next month's rough-diamond conference in Israel.

According to the Israel Diamond Institute (IDI), the attendees will include leadership from the five major world diamond producers by value: Botswana, Russia, Canada, Angola and South Africa.

In addition, the IDI expects leaders from other current, and future, diamond-producing countries to attend, as well as ministers and delegations from most major diamond-producing countries in Africa.

Scheduled speakers include Israel Deputy Prime Minister and Minister of Industry, Trade and Labor Eli Yishai and Israeli diamantaire Lev Leviev.

The IDI states that registration for the conference has exceeded all of its expectations, and IDI Chairman Moti Ganz said the high number of attendees underscores Israel's leading position as a center for polished and rough diamonds.

During the past year, 69 percent of the world's rough diamonds by value were traded in Israel, while Israeli manufacturers cut and polished more than 50 percent of the world's gem-quality rough.

"We are pleased that the conference will bring together the most important players in the rough-diamond universe," Ganz said. "This will be an opportunity for diamond leaders to exchange views on issues facing the world diamond industry and to share their vision."

The Third International Rough Diamond Conference is scheduled for Feb. 11-12 in Tel Aviv.
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