(IDEX Online News) – Indian diamond buyers will account for more than a quarter of the buyers taking part in the August 26-29 US & International Diamond Week at the Israel Diamond Exchange (IDE).

 

The number of confirmed foreign diamond buyers has passed the 450-mark, with buyers from 18 countries. These include the United States, India, China, including Hong Kong, Italy, Russia, Belgium, Great Britain, Turkey, Canada, Australia, Germany, Spain, Portugal, Uzbekistan, Brazil and Taiwan.

 

IDE President Yair Sahar said interest in the event, both locally and internationally, was continuing to grow. Meanwhile, IDE Managing Director Moti Besser said that the interest of Indian diamond buyers in attending the buyers’ week event offered further proof of the strong relationship that has grown over the past several decades between Israel and India.

 

"Our industry was spearheading trade between our countries before there were even diplomatic relations. The trade between the diamond centers in India and Israel has been flourishing for many years and has been decisive in opening the gates for other industries," Besser said.

 

India is Israel's second-largest Asian economic trading partner after China.