Israel Diamond Exchange Holds 58th Annual Meeting

Mr. Avi Paz was unanimously elected for a second term of office as President of the Israel Diamond Exchange at its 58th AGM yesterday.



In his annual report, Avi Paz promised to continue his efforts to promote and maintain the Israeli diamond industry’s status as world leader. He noted that during his first term of office, the amount of rough brought to Israel increased significantly.



He added: “During the past two years, we have created a positive climate for foreign companies to invest in Israel. Just recently the State Bank of India opened its first branch in the Israel Diamond Exchange complex. It is my hope that other foreign and Israeli banks will follow.”



In response to calls to fight De Beers’ decision to close down Diamdel’s offices in Israel, he replied: “Moti Ganz, IsDMA President, and I will spare no efforts to ensure that Diamdel remains in Israel.”



Emphasizing the upcoming plans to expand the Exchange’s area in order to enable additional companies to open businesses within the complex, he noted that during the past year the industry has flourished along with the Israel economy as a whole.



Elections for the Israel Diamond Exchange’s Board of Directors will take place today, with 26 candidates running for 16 seats on the board.