In celebration of the Hebrew New Year, I have been dedicating my last
posts to the history of the Israeli
Diamond Exchange and the history of Israel's diamond industry.
As you probably already know, Israel is one of the world's major diamond centers, along with Belgium, Hong Kong, the United States and India. Another special unique part of the Israeli diamond industry is the Israeli Precious Stones and Diamonds Exchange (IPDSE), founded in 1976 and located at the Israeli diamond district, the foundation introduced an innovative and unique concept to
Israel’s industry.
The Israel Precious Stones and Diamonds Exchange is a private company of professionals working in Israel’s wide precious stones and diamonds industry. The IPSDE serves as a trading center for its members and foreign buyers, and assumes the representation role of Israeli precious stones and diamonds professionals before the State’s authorities.
The Israel Precious Stones and Diamonds Exchange acts as a governmental communication channel, delivering industry related information such as orders, regulations and laws. It also works to promote the public interest in precious stones and diamonds as a means of increasing trade volume.
The Israel Precious Stones and Diamonds Exchange is one of two precious stones exchanges in the world, together with Bangkok Precious Stones Exchange. Due to its geographic location, it's the one of the major gateways for precious stones from Thailand and Burma to other parts of Asia, Europe and North America. A big stake of these stones is also handled later on the Israeli Precious Stones and Diamonds Exchange.
The Israel Precious Stones and Diamonds Exchange is managed by its Board of Directors, led by President Shlomo Eshed (currently serving his third consecutive term). The Company’s administration is managed by the Bourse Secretariat while its daily operation is carried out by the New Member Screening Committee, Disciplinary and Judicial Committee and the Control Board.
The Israel Precious Stones and Diamonds Exchange Ltd. is a member of the World Federation of Diamond Bourses, the International Colored Gemstone Association and the Israeli Export and International Cooperation Institute.