Israel Diamond Exchange in Emergency Mode
June 18, 25
(IDEX Online) - The Israel Diamond Exchange (IDE) is operating in "emergency mode" and will do so until further notice as a result of ongoing security concerns.
Ballistic missiles from Iran have struck Ramat Gan (where IDE is located), nearby Tel Aviv and many other targets since Israel launched a pre-emptive attack on the Iran's nuclear facilities.
The trading floor is closed and only "essential" services in the bourse's four interlinked towers are open.
Management offices, the post office, the export/import room, diamond supervision offices, restaurants and cafes, banks and parking lots are all closed.
"The safe deposit room in the Shimshon Building will operate in an emergency mode until 2pm for the purpose of depositing goods only," said IDE in an online update.
"We recommend that companies and members transfer their goods to the secure safe deposit room in the Shimshon Building for optimal protection."
The IDE is urging members to check their insurance policies as most don't cover damage caused by war or acts of terrorism.
Israel's Home Front Command has banned nonessential gatherings across Israel due to the ongoing security situation.
The government has officially extended the nationwide state of emergency through 30 June.