The annual list of Israel’s largest polished diamond exporters was published by the Israel Diamond Controller’s Office in the Ministry of Industry, Trade and Labor. Topping the list once again is L.L.D. Diamonds Ltd., owned by Lev Leviev, with exports of $417 million in 2008.
Second on the list of top exporters is Leo Schachter Ltd. with $352 million. In third place is A. Dalumi Diamonds with $182 million.
In fourth place is Espeka Diamonds International Ltd. with $159 million; followed by Yerushalmi Bros. with $150 million in exports.
Next on the list are: A.A. Rachminov Ltd. (sixth) with $141 million in polished diamond exports; PDD Diamonds (seventh) with $121 million in exports; M.I.D. House of Diamonds Ltd. (eighth) at $111 million; Niru Diamonds Israel (1987) Ltd. (ninth) with $91 million and SN Asia (Israel) Ltd. in (10th) with $86 million.
Israel diamond controller Shmuel Mordechai said that the net polished exports of the top 25 exporters totaled $2.567 billion, accounting for 41 percent of Israel’s total net polished diamonds. He added that the list of 25 does not include 17 companies, who chose not to publish their export figures.
All of the exporters listed above experienced a drop in their polished exports in 2008, reflecting the trend that was experienced throughout the industry. Israel’s total polished exports stood at $6.24 billion in 2008, a drop of 12 percent over 2007 when they totaled $7.075 billion.
Moti Ganz, chairman of the Israel Diamond Institute Group of Companies and President of the Israel Diamond Manufacturers Association and the International Diamond Manufacturers Association, said that despite the drop in exports this year, the Israeli diamond industry would maintain its leading position within the world industry.
“The world economic crisis is affecting all sectors, not only diamonds,” Ganz said. “The Israeli Diamond Industry is working hard to find ways to succeed in these difficult conditions. I am confident that we will see the fruits of these efforts in the near future.”