IDI will participate at IIJS 2010 with seven companies

Seeking to further tap India’s growing potential in the global diamond trade the Israeli Diamond Industry is preparing to participate at the India International Jewelry Show (IIJS) in Mumbai from August 19 – 23, 2010, for the third time. Seven Israeli diamond companies will form the Israel Diamond Pavilion organised by the Israel Diamond Institute Group of Companies (IDI).

The participating companies include AG Diamond Direct Ltd., EZ Diamonds, Hausman Diamond Manufacturers, Julius Klein – Eliaz Diamonds, Niru Diamonds, Schachter & Namdar Asia and Shlomo Bichachi Diamonds Ltd.

IDI Chairman Moti Ganz said “As two of the world’s leading diamond centers, Israel and India can complement each other in both manufacturing and trading. We believe in the great potential of this enormous market, which is growing at a very rapid pace,” he said.

Similar to the previous years, the IDI will have an image booth within the pavilion, showcasing information about the Israeli Diamond Industry, business advantages. Industry members will also be offered to be registered for the Israeli Diamond Industry Portal site and on-line data base.

IDI Managing Director Eli Avidar said, “We encourage Israeli companies to explore business opportunities with the growing Indian market. Our belief in the Indian diamond industry has led us to initiate memorandums of understanding with the GJEPC and the GJF, which were signed in late 2009 and early 2010.” According to IDI sources, the Israeli participation was limited to seven companies due to space limitations, although many companies stand on wait list to be part of the Israeli Pavilion at the IIJS 2010.