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MID Leads List of Top Israeli Exporters

Mar 11, 2019 10:57 AM   By Rapaport News
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 MID House of Diamonds was the premier Israeli polished-diamond exporter for the fourth year running, according to a list the nation’s Ministry of Economy and Industry published recently.

The company, whose exports rose 12% to $196 million in 2018, was one of several in the top 10 that saw an increase. 

Niru Diamonds took the second spot, moving up from third in 2017, with its exports increasing 16% to $134 million. Annita Diamonds jumped into third place from its eighth-place position the previous year. The company nearly doubled its export business, which surged 98% to $93 million.

Other companies that saw an increase were fourth-placed Yoshfe Diamonds International, as well as Leo Schachter Diamonds, which moved from the sixth to fifth. Kuperman Bros. Diamonds and Pinkusovich Diamond Traders finished ninth and 10th.

Andre Messika was the only company previously in the top 10 to note a drop in exports, falling 20% to $56 million. It didn’t respond to a request from Rapaport News for comment.

D.N. Diamonds, which placed second in 2017, chose not to participate this year, the company confirmed to Rapaport News Monday. The list did not include companies that opted to keep their data confidential. 

Polished exports for the country slipped 2.5% to $4.48 billion in 2018, yet the trade is showing increasing signs of stability versus the heavier declines of the preceding three years, government data showed. 

More than 45 companies reported polished-diamond exports exceeding $18 million each, the government said.

Israel’s Top 15 Polished-Diamond Exporters ($ millions, after returns)

    2018 2017 Change
1 MID House of Diamonds 196 175 +12%
2 Niru Diamonds Israel 134 116 +16%
3 Annita Diamonds 93 47 +98%
4 Yoshfe Diamonds International 84 82 +2%
5 Leo Schachter Diamonds 75 63 +19%
6 Rosy Blue Sales 67 44 +52%
7 Kimchi Diam 57 44 +30%
8 Andre Messika 56 70 -20%
9 Kuperman Bros. Diamonds 42 N/A N/A
10 Pinkusovich Diamond Traders 33 N/A N/A
11 Oren Diamonds 26 N/A N/A
12 Shlomo Bichachi Diamonds 25 N/A N/A
13 DMG International 24 N/A N/A
14 Nirs Diamonds 23 N/A N/A
15 Wortheimer Fruchter Diamonds 21 N/A N/A
Source: Ministry of the Economy and Industry

Image: International Diamond Week in Israel, February 2018. (Three Photographers)
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Tags: Andre Messika, Annita Diamonds, D.N. Diamonds, DMG International, Israeli polished-diamond exporter, Kimchi Diam, Kuperman Bros. Diamonds, Leo Schachter Diamonds, MID House of Diamonds, Ministry of Economy and Industry, Nirs Diamonds, Niru Diamonds, Oren Diamonds, Pinkusovich Diamond Traders, Rapaport News, Rosy Blue Sales, Shlomo Bichachi Diamonds, Wortheimer Fruchter Diamonds, Yoshfe Diamonds
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