Reuters reported that according to the Israel Diamond Institute, polished diamond exports from Israel rose 11.6 percent in 2013, to $6.2 billion. Further, those in the industry see further growth coming in 2014.
As quoted in the market news:
There were some serious economic challenges for dealers over the past year, including high prices for rough diamonds, a slowdown in Asian markets and a reduction in credit, said Moti Ganz, chairman of the Israel Diamond Institute (IDI).
“Despite that, the Israeli diamond industry was able to achieve significant growth through creativity and resourcefulness,” he said in a statement, adding he was confident the expansion would carry into 2014.