Diamond Industry

The top of the global diamond industry no longer views lab-grown diamonds as an enemy: WDC and IGI executives are adopting a pragmatic approach, while the struggle shifts to questions of grading, transparency, and disclosing the stone's origin to the consumer.

The taxi giant is storming the group transport market, a veteran diamond dealer explains the industry's collapse, the new job of Dadi Barnea, another unflattering cost-of-living ranking for Israel, and the dubious clause that allowed budget transfers during the Knesset recess — the most read articles of the week.

Israel's diamond industry is in deep crisis due to plummeting demand in the East, market saturation, and the rise of lab-grown diamonds, forcing veteran traders to close their businesses.

The diamond industry in Israel is at an unprecedented low, Tiv Taam begins a move to cancel all checkouts, Apple ignores AI noise, the wave of layoffs still ahead in local high-tech, and the dive of the shoe brand To Go | The Economic Summit – the most viewed articles of the week

Diamond exports since the beginning of the year have plummeted to $2.4 billion, only a third of the volume recorded a decade ago. Diamond Exchange President Nissim Zuaretz, who announced his resignation, highlighted the industry's taxation struggles compared to the competitive advantages offered by Belgium and Dubai.