Tag Archive for diamonds

Totally unnoticed but immensely profitable, Israel-UAE diamond industry

The diamantaires in the UAE and Israel are keen on keeping their businesses performing well and making a profit, as Israel exported $7.9 billion in diamonds last year.

By Ronen Shnidman

 

If you enter one office among the many in the Dubai Multi Commodities Centre, you will find a mezuzah on the door, much the same as those many Jews place at the entrance to their homes and workplaces. What is this visible symbol of Jewish identity doing in the financial center of the United Arab Emirates, a state that does not have official diplomatic relations with Israel? Well, it is actually just the tip of the iceberg of burgeoning trade ties between the Jewish state and the Persian Gulf state, driven in large by the diamond trade. Continue Reading »

New Israeli invention instantly grades clarity of polished diamonds

 

The new Israeli device, will instantly grade the clarity of polished diamonds, completely eliminating the subjectivity or veracity of less than professional appraisers.

By AP

 

An Israeli company has invented a machine that it says can instantly grade the clarity of polished diamonds—a development the company said Thursday will bring new standards to a painstaking process that has long been susceptible to the subjectivity of appraisers.

Sarine Technologies Ltd. said its system, currently in advanced large-scale testing in India and expected to be marketed toward mid-2017, will revolutionize the global diamond industry by enhancing consumer trust in each diamond’s valuation. Continue Reading »