MID Received Outstanding Exporter Award

(IDEX Online News) – Israeli diamond company MID House of Diamonds was presented with Israel’s Outstanding Exporter Award for 2011 by Israel’s president, Shimon Peres and minister of Industry, Trade and Labor Shalom Simhon, at a ceremony in Jerusalem.

The annual award is granted to Israel’s best exporting companies in a variety of fields. MID was one of 10 companies to be honored.

At the ceremony, minister Simhon lauded the company’s founders, brothers Benny and Yossi Meirov, saying they had contributed greatly to Israel’s economy.

Benny Meirov said he was greatly moved by the award and that it proved that the efforts that he and his brother had invested in MID were worthwhile.

Israel Diamond Exchange president Yair Sahar said he was gratified to note that for years diamond companies have been among Israel’s Outstanding Exporters. “We have the honor of representing a sector that is responsible for some $28 billion in revenue and annual exports of $11 billion – representing 25 percent of Israel’s exports,” he said.

Established in 1994, today MID manufactures diamonds and high-end diamond jewelry, supplying leading retailers and jewelry manufacturers around the world. In 2011, MID exported $239 million worth of diamonds, making it Israel’s second largest diamond exporter.