The Israeli Diamond Industry is mounting a bigger than ever participation this year at the JCK Show – Las Vegas. The Israel Diamond Pavilion, hosted by the Israel Diamond Institute Group of Companies (IDI) will cover the largest surface ever, and will feature 31 exhibitors, with an additional 23 Israeli companies exhibiting throughout the show.
Since the United States is Israel's leading market for polished diamonds, the Israeli industry views the JCK Show with special interest. The US accounts for about 40 percent of Israel's net polished exports, which stood at $5.8 billion in 2010.
For the first time in Las Vegas, IDI will be raffling off among buyers a free round-trip ticket to Israel. This is in keeping with IDI's new marketing campaign "Welcome to Israel", which was launched at BaselWorld. The campaign seeks to emphasize the advantages of doing business with Israel – at trade shows, online, or in buying visits to the bourse in Ramat Gan.
The Israeli Diamond Industry is experiencing a dramatic recovery, with growth of about 50 percent in 2010. In the first quarter of 2011 Israel's net polished diamond exports jumped 46 percent. During the same period polished diamond imports into the U.S. rose by 22 percent over the first quarter of 2010.
IDI Chairman Moti Ganz said, "The US market is recovering and we are pleased to see that the demand for diamonds is rising. About one-half of the diamonds sold in the US are Israeli diamonds. Although the economic crisis has affected buying patterns Americans still buy diamonds to symbolize love and commitment. We are confident in our ability to supply Americans with the diamonds they want".
IDI Managing Director Eli Avidar said, "JCK Las Vegas is one of the most important trade shows for our industry. IDI is pleased that this year we have a greater turnout of Israeli companies. We look forward to welcoming a great many buyers to the Israel Diamond Pavilion and we are confident that it will be a successful show for the Israeli exhibitors".