The Israeli diamond industry announced the launch of its new trading system, GET-DIAMONDS, which aims to bring together all Israeli diamonds in one place. The launch took place earlier this week at the IDE's trading hall in the presence of IDE President Yoram Dvash, Israel Diamond Institute Chairman Shmuel Schnitzer and many IDE members, according to the website of the Israel Diamond Exchange.

The new system is unique and will help anyone looking for diamonds, not just to find a diamond, but to find an Israeli diamond, said Dvash, who also serves as Chairman of the IDE's Commerce Portal Committee.

Dvash appealed to members of the Israeli industry to support this initiative. He said, "We, for our part, are initiating the project and will promote it but you need to back up us and use the system so that there is a significant number of diamonds, over 100,000.”

The system offers many advantages, including uploading diamond stocks for free, and a one year free access to inventory management software that will be beneficial to smaller companies who may find it difficult to deal with inventory management costs.

The system was developed by professional staff of Israel Diamond Institute under the leadership of vice president for information systems, Orna Chait, and the staff of the Israel Diamond Exchange.

Honorary President of the Israeli Diamond Exchange and Chairman of the IDI, Shmuel Schnitzer said that on GET-DIAMONDS, every diamantaires has his own page where he can display his company, he is able to upload stock automatically or manually and there are many other features.

He added, “Today the site is launched in Israel only. As more diamond firms work with it, we will be more significant on the Internet. This is a showcase for the industry."

IDE CEO Eli Avidar described the system's features. "You can find diamonds, with or without images, and with or without certificates. Inventory is updated automatically, but you can also upload stocks manually. You can also see requests, use the companies' index, and find a list of retailers.”

Pic Courtesy: IDE