Buying Diamonds in Israel
How to buy diamonds on Israeli
There are hundreds of diamond companies in Israel, specializing in all sectors of the diamond trade from
colored diamonds to special cuts. Such companies operate out of the Israel Diamond Exchange that is located in
Ramat Gan, near Tel Aviv.
Israel Diamond Institute
People are not allowed to enter the bourse, the industry name for the exchange, without an invitation from a
company. Therefore it is advisable to contact one of the many companies listed in the Israel Diamond Institute’s
directory of Israeli diamond companies. This directory appears on the IDI website, which also offers links to
company websites, including an overview of each company. Upon finding a company from which you wish to purchase,
the company will guide you through the bureaucracies required.
|Panorama of Tel Aviv, where Israeli diamond bourse is located, in Ramat
No tax is due on diamonds purchased by non-Israelis, but each diamond
has to undergo a procedure in the governmental customs department. For convenience’s sake, the customs department
supports an office inside the diamond exchange. After completion of this bureaucracy, you can take the diamond with
you or use a logistics company to ship the diamond.
Special diamond cuts in Israel
There are numerous special diamond cuts available in Israel, which is known for singular diamond cutting and
diamond polishing methods. These cuts depend on the latest styles in fashion, the shape of the diamond and
considerations of weight loss upon manufacturing. Special cuts range from emerald, baguette, oval, square, and
simply refer to shapes that are not round.
|Israel is known for its special diamond cuts that follow the latest fashion
Round diamonds produce the best sparkle of all shapes due to their mathematically optimum design. Such diamonds
are available for purchase in the Israeli diamond bourse, as well as diamond jewelry in all sorts of designs. In
addition to diamonds and diamond jewelry, there is a wealth of locally manufactured precious gemstone jewelry, set
in unique and stunning designs.