The Israel Diamond Institute said that its annual high profile breakfast press conference at BaselWorld 2008 will focus on diamonds as a symbol of luxury.

The press conference will be held on April 4, at 8:45 am in the Osaka – Samarkand Congress Room of the Basel Convention Center. Eli Avidar, managing director of the IDI Group of Companies will present an update on the Israeli Diamond Industry “2007 – 2008: Challenges, Responses and New Directions.”

A panel discussion will feature Israeli companies who are leading the way in the luxury product market, by linking up with high-end jewelry and watch brands, or by providing one of a kind, large stones for special pieces. The companies are: Korn Diamonds, Gemstar-Eshed and YEI-Yahlomei Espeka.

At the exhibition IDI will once again represent The Israeli Diamond Industry at its booth in Hall 3.1, NO1. There will be a strong presence of Israeli diamond companies, exhibiting for the most part in Hall 3, where the loose diamond category is concentrated.

IDI Chairman Moti Ganz said that the Israeli Diamond Industry is keen on expanding its presence in European markets.

“Europe is a key market for the Israeli Diamond Industry. We believe that there is significant potential for future growth here. Our participation in BASELWORLD underscores our commitment to meeting the needs of the European market while furthering our growth internationally,” Ganz said.

JCK