The organisers of the Second International Rough Diamond Week (IRDW), held at the Israel Diamond Exchange report that there has been a strong demand for goods and all the five participating companies - leading diamond producers and rough suppliers – have said  that their tenders and auctions are oversubscribed, with waiting lists longer than expected. 

As reported earlier, the companies offering rough goods by tender and auction during the event are Alrosa, De Beers Auction Sales, Fusion Alternatives, Rio Tinto Diamonds and Tzoffey's 1818.

Israel Diamond Exchange President Shmuel Schnitzer said, “We had invited the leading rough suppliers, miners and companies that specialize in tenders and auctions, to come to Israel, to offer Israeli companies direct access to a huge selection of rough goods. The response of the market has been fantastic.”

Arnon Juwal, Vice President of the Israel Diamond Exchange and Chairman of the Organizing Committee of the International Rough Diamond Week, commented, “The viewing booths are busy from the early morning to the late afternoon.”

He added that the quantities that are offered for sale during this event are the largest ever offered at a single location. "By bringing the goods to the rough diamond trading hall of the bourse, we are giving the businesses of small, medium and large manufacturers alike - all members of our bourse - a major boost."

While the event concludes tomorrow, the organisers are already looking ahead. “The response of the market has been fantastic and we are already planning for a next edition of the International Rough Diamond Week," Schnitzer stated.