News

Advanced Search

Israel to Lower Import Duty on Polished Diamonds

Feb 25, 2014 5:32 AM   By Deena Taylor
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... Israel will lower the import duty on polished diamonds from 0.135 percent to 0.1 percent, Israel's diamond controller Shmuel Mordechai confirmed.

The Knesset's Finance Committee approved the move yesterday at a meeting held together with members of  the local diamond industry. The committee met with Mordechai and members of the Israel Diamond Institute (IDI) to discuss lowering the duty in an effort to assist the local diamond industry.

Mordechai told Rapaport News that he hopes the lower duty will become effective before the end of February. 
Tags: Deena Taylor, diamonds, Duty, Israel, Shmuel Mordechai
Similar Articles
Rapaport LogoRapaport Weekly Market Comment
Dec 02, 2021
Sentiment upbeat after strong start to holiday season. Jewelry sales +78% over Thanksgiving weekend, Mastercard
New York Diamond District 150US Polished Imports See Gentler Rise
Nov 30, 2021
US polished-diamond imports climbed 7% year on year to $1.43 billion in September, a slimmer increase than in the last few
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2021 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.