MID House of Diamonds was the premier Israeli polished-diamond exporter for the fourth year running, according to a list the nation’s Ministry of Economy and Industry published recently.
The company, whose exports rose 12% to $196 million in 2018, was one of several in the top 10 that saw an increase.
Niru Diamonds took the second spot, moving up from third in 2017, with its exports increasing 16% to $134 million. Annita Diamonds jumped into third place from its eighth-place position the previous year. The company nearly doubled its export business, which surged 98% to $93 million.
Other companies that saw an increase were fourth-placed Yoshfe Diamonds International, as well as Leo Schachter Diamonds, which moved from the sixth to fifth. Kuperman Bros. Diamonds and Pinkusovich Diamond Traders finished ninth and 10th.
Andre Messika was the only company previously in the top 10 to note a drop in exports, falling 20% to $56 million. It didn’t respond to a request from Rapaport News for comment.
Israel’s Top 15 Polished-Diamond Exporters ($ millions, after returns)
|1||MID House of Diamonds||196||175||+12%|
|2||Niru Diamonds Israel||134||116||+16%|
|4||Yoshfe Diamonds International||84||82||+2%|
|5||Leo Schachter Diamonds||75||63||+19%|
|6||Rosy Blue Sales||67||44||+52%|
|9||Kuperman Bros. Diamonds||42||N/A||N/A|
|10||Pinkusovich Diamond Traders||33||N/A||N/A|
|12||Shlomo Bichachi Diamonds||25||N/A||N/A|
|15||Wortheimer Fruchter Diamonds||21||N/A||N/A|
Source: Ministry of the Economy and Industry