The Diamond industry in Israel is an important world player in producing cut diamonds for wholesale. In Mineralogy, diamond is the allotrope of carbon where the carbon atoms are arranged in Wholesaling is the sale of Goods or Merchandise to Retailers to industrial commercial institutional or other professional Business users

Trading infrastructure

Downtown Ramat Gan, home of the Diamond Complex

Further information: Diamond Exchange District

The industry is located in the "Diamond District", located in Ramat Gan in the Tel Aviv District. The Diamond Exchange District is a district of the Israeli city of Ramat Gan. Ramat Gan (רָמַת גַּן is a city in the Tel Aviv district of Israel, which borders Tel Aviv to its west The Tel Aviv District is one of six administrative districts of Israel with a population of 1 The complex is made up of four buildings, interconnected with walkways. The entire trading operation takes place in this complex ^[1]. The Diamond Tower in the district contains the world's largest diamond trading floor. The Diamond Tower is a Skyscraper located in the city of Ramat Gan near Tel Aviv in Israel containing the world's largest diamond trading

Industry principles

The Israeli diamond industry guarantees all diamonds are 100% naturally made and also participates in the Kimberly Process, a certification scheme whose goal is to ensure no blood diamonds enter the marketplace. The Kimberley Process Certification Scheme, popularly known as KPCS is a process designed to certify the origin of Rough diamonds from sources which are free of conflict In relation to diamond trading blood diamond (also called a converted diamond, conflict diamond, hot diamond or a war diamond) refers to a diamond ^[2]

History

Since the fifteenth century, when an Antwerp Jewish diamond cutter Lodewyk van Berken invented the scaif, diamond cutting was one of traditional Jewish crafts. ||-||-||-||} Antwerp ( Dutch:, French: Anvers) is a City and Municipality in Belgium and the capital of the Lodewyk van Berken was a mid- to late-15th century Flemish jeweller and diamond cutter renowned in the industry for inventing the Scaif. Scaif is a Polishing wheel infused with a mixture of olive oil and diamond dust used in the Diamond cutting industry

The Israeli diamond industry began in 1937, before the Declaration of the Establishment of the State of Israel, when the first diamond polishing plant was opened in Petah Tikva. The Israeli Declaration of Independence (הכרזת העצמאות Hakhrazat HaAtzma'ut or מגילת העצמאות Megilat HaAtzma'ut) made on 14 May Petah Tikva (פֶּתַח תִּקְוָה "Opening of Hope" known as Em HaMoshavot ("Mother of the Moshavot " is a city in the ^[3] After a state was declared, the consumer economy was shifted to a war economy. This came at the height of a diamond crisis, as many war torn economies were struggling to re-establish. Since then, the industry has continued to grow, producing a world leader in the diamond industry.

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