Niru Diamonds Israel Receives Top Exporter Award

Niru Diamonds' Ranjeet Barmecha accepting the award from Minister Bennett while President Rivlin looks on.

(IDEX Online News) – Niru Diamonds Israel was among the country’s top 10 exporting companies honored in an official ceremony at the residence of the Israeli President Reuven Rivlin on Sunday.

Niru Diamonds received the 'Outstanding Exporter' award for 2013 for its exports of $112 million in polished diamonds. In 2013, the company was Israel’s fifth-largest diamond exporter.

The ceremony was held in the presence of President Rivlin and Minister of Economy Naftali Bennett and was attended by senior officials of the Foreign Trade Administration of the Economy Ministry, representatives of major economic organizations and exporters. Prizes were awarded to exporters in several categories including advanced technology, traditional industries and the diamond industry.

Economy Minister Naftali Bennett said: "Israeli exports are a major part of this country’s economic strength. Israeli creativity drives our industries, both in quality of products and in the ability to break into new markets and expand our reach in existing ones.”

Niru Diamonds Israel was established in 1979 by Ranjeet Barmecha, and became a member of the Israeli Diamond Exchange in 1980.

From its roots in Israel, the company has become global, with sales and manufacturing facilities located around the world, including in Geneva, New York, Hong Kong, Bangkok, Sri Lanka and Dubai.

Niru was one of only three new companies that rejoined the list of De Beers' sightholders in 2012. The firm manufactures princess and baguette cut diamonds, and also specializes in precision setting, supplying the high-end Swiss watch industry and the world’s leading jewelry brands.

Niru manufactures in Israel, India, Sri Lanka and Switzerland.