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Israel Diamond Exchange in crisis as exports plummet in 2024

The Israel Diamond Exchange has reported a drop in its exports and membership in 2024, according to Israel media outlet Ynet news.

The exchange president, Nissim Zuaretz, said that for the first time in its history, the annual number of retirees has exceeded the exchange's new members.

"In the best years of the industry, we received 200 new members a year, in the past year only 30," Zuaretz said.

READ MORE: Israel Diamond Exchange in crisis as exports plummet in 2024

The Israel World Diamond Center in the city of Ramat Gan on the outskirts of Tel Aviv on 16 May 2022 (AFP)
The Israel World Diamond Center in the city of Ramat Gan on the outskirts of Tel Aviv on 16 May 2022 (AFP)