Diamdel Unites All Processing Operations in Israel

In a historic move, Diamdel today officially announced that it is to base its de facto headquarters in Israel. The Israeli center, referred to as the Central Processing Operation (CPO) will sort, value and prepare for export all Diamdel supplies received from the DTC.

Traditionally, Diamdel supply from the DTC, which comprises the vast majority of its intake, has been split at the point of sale in London and shipped to each of the Diamdel’s seven outlying offices in Antwerp, Hong Kong, Namibia, Shanghai, Johannesburg, Mumbai, and Israel.

“Diamdel Israel benefits considerably from its global positioning and highly experienced staff base of 13 local employees and 1 expatriate. All staff have an integral understanding of rough diamonds and similarly market dynamics at both a local and global level. The establishment of a CPO for Diamdel will not, under any circumstances, affect the company’s dedication to satisfying, where possible, client requirements in other diamond centers, on the contrary it is intended to enhance our ability to ensure the timely, appropriate and efficient supply of goods,” reported Frank Auger, Managing Director of Diamdel NV in the official release.

The move was first announced during the World Diamond Congress late last month by Diamond Trading Company (DTC) managing director Varda Shine and is part of an efficiency process the organization is currently going through. “The change in policy is one of many similar changes in the company,” a source in Diamdel told IDEX Online recently.  

The company plans for the CPO to become fully operational from January 2007.