Shmuel Schnitzer Elected Chairman of IDI
February 01, 16
(IDEX Online News) – Former Israel Diamond Exchange (IDE) president, Shmuel Schnitzer, has been elected as chairman of the Israel Diamond Institute Group of Companies (IDI). Schnitzer replaces Moti Ganz, who completed three terms in the position.
“I am pleased to continue to serve the Israeli diamond industry, especially during this period of economic challenge,” said Schnitzer. “However, I am certain that with the improvement in the economies of key markets, more balanced strategies on the part of the major rough diamond producers and the cooperation of the entire industry, we will see much better results in the coming year.”
Schnitzer has a long history of service to the diamond industry. He first held the position of president of the IDE from 1998-2004 and later served a fourth term from 2013-2015.
He was resident of the World Federation of Diamond Bourses from 2002-2006.