Israeli Companies Lease Space in New York’s New Gem Tower

The International Gem Tower is set to be completed in 2012

Four Israeli diamond companies, A. Dalumi Diamonds, Sahar Atid Diamonds, Yerushalmi Bros. Diamonds` and Yondor Diamonds Ltd., have purchased office space in the International Gem Tower (IGT) currently under construction in New York, the development company building the IGT announced Monday.

Altogether, the companies will occupy more than 15,000 square feet of space in the 34-story tower. Designed exclusively for the gem and jewelry trade, the IGT will offer the latest security and technology innovations for trade companies planning to lease office space there.

The IGT also plans to bring to New York what already exists in major industry centers throughout the world by uniting gem and jewelry companies in one tower.

"[Dalumi] is thrilled about the purchase," said Meir Dalumi, managing director of the Dalumi Group. "The International Gem Tower will bring to 47th Street the conveniences and amenities of an industry hub that we are accustomed to in Israel."