Select Page

Israel’s diamond trading floor is the largest in the world.[/caption] The Israel Diamond Exchange in Ramat Gan is considering having the Israel Diamond Institute of Companies open an office in Istanbul, concurrently with the understandings reached with the leaders of the Turkish jewelry industry, under which the local diamond manufacturers organization will found a diamond merchants club that will be registered at the World Federation of Diamond Bourses, and will be committed to the arbitration rules prevailing in the industry. The leaders of the Israel Diamond Exchange announced that they intended to help Turkey do this. According to Kattan, even before such a club is set up, the IKO leaders will develop a binding arbitration institution to solve monetary and commercial disputes between diamond merchants from the two countries when necessary.]]>