Shmuel Schnitzer (pictured, right) has left his role as chairman of the Israel Diamond Institute.
The group did not give any reason for the departure. Schnitzer first took up the post long held by his late father Moshe in February 2016.
He will be replaced on an acting basis by Boaz Moldawsky (pictured, below). A second-generation diamantaire, Moldawksy is deputy president of the Israel Diamond Exchange, chairman of its finance committee, and a member of the board of the Israel Diamond Manufacturers Association.
The group’s board issued a statement thanking Schnitzer for his service.
“Over a public career spanning several decades, Shmuel Schnitzer has made an immense impact on the Israeli Diamond Industry and on the diamond industry around the world,” it said.
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