Business / Industry Sectors
Shmuel Schnitzer, President of Israel Diamond Exchange, optimistic about diamond trade
24/04/2014
“Can Israel compete with India as a manufacturing center?”

S. Schnitzer serves as President of the Israel Diamond Exchange (IDE) and is a former president of the World Federation of Diamond Bourses (WFDB).He is also CEO and Chairman of S. Schnitzer Diamonds of Israel.

What is the current state of the diamond industry and what are your expectations for 2014?

SS: It should be a positive year as there is good demand globally. The Far East continues to be okay, the U.S. is looking up and Europe is much better than it was a year or two ago. The main problem for manufacturers is not to sell but to make a profit. I hope producers will be aware of this issue as the lack of profitability has become an endemic in the industry. I would say that most of the people you ask in the exchange will say their biggest challenge is profitability.

For the whole interview, please click on the provided link in the title.

 

Source: RAPAPORT. DIAMONDS.NET

Image courtesy: www.bing.com

 

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