IDI to Focus on Diamonds as Luxury at BaselWorld

The Israel Diamond Institute’s (IDI) annual breakfast press conference at BaselWorld 2008 will focus on diamonds as a symbol of luxury and will feature some of Israel’s most innovative companies. The event will be held April 4.

Eli Avidar, managing director of the IDI Group of Companies, will present an update on the Israeli Diamond Industry “2007-2008: Challenges, Responses and New Directions.”

In addition, a panel discussion will feature three Israeli companies – Korn Diamonds, Gemstar-Eshed and YEI-Yahlomei Espeka – who are leading the way in the luxury product market by linking up with high-end jewelry and watch brands, or by providing one of a kind, large stones for special pieces.

IDI notes that there will be a strong presence of Israeli diamond companies at the show, exhibiting for the most part in Hall 3, where the loose diamond category is concentrated.

IDI Chairman Moti Ganz said that the Israeli Diamond Industry is keen on expanding its presence in European markets. “Europe is a key market for the Israeli Diamond Industry. We believe that there is significant potential for future growth here. Our participation in BaselWorld underscores our commitment to meeting the needs of the European market while furthering our growth internationally,” Ganz said.