Israeli jewelry designers seek joint ventures with diamantaires

Israeli diamantaires had an opportunity to explore joint ventures with jewelry manufacturers and designers this week at an exhibition of diamond-studded jewelry that took place at the Israel Diamond Exchange (IDE). The exhibit, the fourth of its kind, was initiated by IDE and organized by the Diamonds, Precious Stones & Jewelry Administration of the Israel Ministry of Industry, Trade & Labor.

This year the exhibit put an emphasis on design, and included twelve jewelry designers and manufacturers. In addition, for the first time the Jewelry Design Department of Shenkar College of Engineering and Design took part in the exhibition, displaying student designs for precious metals and diamonds.

Jewelry Division Director Sigal Shidlovsky said that the goal of the event was to promote joint ventures.

“Designers can be important partners for diamantaires and vice versa. We want local jewelry designers to incorporate more diamonds in their designs. And as more and more diamantaires are now creating their own jewelry lines, we want them to use Israeli designers,” she said.

Shidlovsky cited a steady growth in the export of diamond-set jewelry from Israel as proof that both industries are benefiting from the events.

Israel, one of the world’s largest exporters of polished diamonds, has a growing jewelry manufacturing industry. In 2004, Israel exported $385 million worth of jewelry.

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