Israel Diamond Week at DDC Ends, but How Successful Was It?

Following the conclusion of the Israel Diamond Week at the Diamond Dealers Club (DDC) of New York, DDC President Reuven Kaufman and Israel Diamond Exchange (IDE) President Shmuel Schnitzer announced there will be a Diamond Week at the IDE trading hall next spring.

Kaufman said that members of his exchange were satisfied with the outcome of the Israel Diamond Week and want to continue their business relationships with their IDE colleagues in Ramat Gan. 
 
IDE President Schnitzer thanked Kaufman and his bourse for their organizational skills and hospitality in making the week of buying, selling and networking a success. In addition to the extremely active trade of buying and selling by close to 200 exhibitors, and attended by over 1,000 diamantaires, the schedule also included a number of celebratory events.
 
DDC President Kaufman announced that New York City Mayor Michael Bloomberg sent a ‘Proclamation” designating November 11-14 in the City of New York as “Israel Diamond Exchange and Diamond Dealers Club Week.”
 
Despite all the pleasant words and awards presented, it is not clear how successful the event was in terms of actual business transacted. "We go to this type of show to sell but also to make contacts," said one Israeli diamantaire who exhibted at the DDC this week. "In terms of business, we did not do a great deal. However, we made some new contacts and re-established contact with American firms with which we used to do business in the past.

"The bottom line is: will we turn the contacts into sales? This is a process that takes time to play out so it is too early to judge as of now. But we are reasonably happy that we took part. It was not wasted time and money, that's for sure."