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MID Continues Reign as Leading Israeli Exporter
Mar 20, 2018 4:00 AM
By Rapaport News
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RAPAPORT... MID House of Diamonds was the premier Israeli
polished-diamond exporter for the third consecutive year, according to a list the
nation’s Ministry of Economy and Industry published recently.
The company, whose exports dropped 5% to $175 million in
2017, was one of four in the top 10 that saw a decline. Overall, polished
exports for the country fell 4% to $4.48 billion, government data showed.
“We are, of course, delighted at hearing the news, especially during a challenging time for the
trade, such as we experienced in 2017,” said Michael Meirov, CEO of MID.
Second-placed D.N. Diamonds was among the gainers, with its exports increasing 17% to $119 million, jumping one place from last year. It swapped positions with Niru Diamonds Israel, whose exports decreased 11% to $116 million.
Other companies that saw an increase in exports during 2017 were fourth-placed Yoshfe Diamonds International, and Andre Messika, which moved from eighth spot in 2016 to round out the top five last year. Kimchi Diam, with a 57% spike in
exports to $44 million, ranked 10th after placing 17th in 2016. Leo Schachter
Diamonds lost the most ground in shipments, falling 36%, and moving from fifth
to sixth place.
Niru Diamonds and Leo Schachter did not respond to a request for comment.
In total, the top 10 companies shipped $813 million worth of
polished diamonds in 2017, representing 18% of the market, said diamond
controller Danny Tal.
The list did not take into account 10 companies that chose
to keep their data confidential. Including these firms, total exports for the
top 20 came to $1.75 billion, and comprised 39% of the nation’s polished
shipments, Tal said.
Israel’s Top 10 Polished-Diamond Exporters
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2017 |
2016 |
Change |
| 1 |
MID House of Diamonds |
175 |
184 |
-5% |
| 2 |
D.N. Diamonds |
119 |
102 |
17% |
| 3 |
Niru Diamonds Israel |
116 |
131 |
-11% |
| 4 |
Yoshfe Diamonds International |
82 |
79 |
4% |
| 5 |
Andre Messika |
70 |
49 |
43% |
| 6 |
Leo Schachter Diamonds |
63 |
99 |
-36% |
| 7 |
M.A Anavi Diamond Group |
53 |
48 |
10% |
| 8 |
Anita Diamonds |
47 |
42 |
12% |
| 9 |
Rosy Blue Sales |
44 |
52 |
-15% |
| 10 |
Kimchi Diam |
44 |
28 |
57% |
Source: Ministry of Economy and Industry
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Tags:
Andre Messika, Danny Tal, Israeli polished-diamond exporter, Kimchi Diam, Leading Israeli Exporter, Leo Schachter Diamonds, MID, MID House of Diamonds, Niru Diamonds Israel, Rapaport News
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