DDC NY Holding Third Edition Of Israel Diamond Week
September 07, 14
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The annual event is a joint initiative of the DCC and IDE and aims to boost trade between the two bourses, to renew business between local suppliers and their clients, and to lower the threshold for diamond buying jewelry manufacturers and jewelry retailers who wish to gain access to the Club.
"The New York diamond business community and the Israel diamond industry are interdependent," said IDE President Shmuel Schnitzer. "Israel is a key supplier of higher quality goods to the American market, and New York, and in particular the DDC, is the gateway for diamond supplies coming from Israel. For many of our members, the DDC, located in the heart of Manhattan's gems and jewelry district, is like a second home," Schnitzer added
DDC President Reuven Kaufman commented: "Undoubtedly, the synergy between Israel's and New York's diamond trade is truly unique. However, it never stops to amaze me that in spite of the close relationship between our centers, when we hold these events, lots of people meet one another for the first time."
Kaufman said the format of the diamond sales weeks in New York and in Israel had proven to be very successful. "I dare say that the enthusiasm of both DDC and IDE members about these events has gone beyond anyone's expectations."
Approximately 100 Israeli diamond firms will be able to participate in the event. "We expect that we'll be done quite quickly once the registration starts," said Moti Fluk, the head of the event's organizing committee at the IDE. "Space is limited."
About 50 Israeli companies participated in the first Israel Diamond Week in New York in 2012, while in November 2013 more than 100 took part.
Online buyer registration will begin in mid-September, immediately after Hong Kong Jewellery & Gem Fair.
"The time slot chosen for this event will give jewelry manufacturers, retailers and designers an excellent opportunity to replenish their stocks, as they give their business another push towards the Xmas holiday season," DDC President Reuven Kaufman said.
"Recent reports show that overall US retail sales have increased by about five percent. We hope this bodes well toward the holiday sales season," he concluded.