Yair Sahar Elected New President of Israel Diamond Exchange

The Israel Diamond Exchange elected Yair Sahar, owner of
Sahar-Atid Diamonds, to be its new president June 6.

He replaces Avi Paz, who completed six years in this
position, and was made an honorary president of IDE.

“I will do everything I can to advance the Israel Diamond
Exchange and to guarantee that Israel remains a leading global diamond trading
center,” said Sahar in a statement. “One of the aims of my presidency will be
to return diamond manufacturing to Israel.”

“Yair Sahar is without a doubt the right man in the right
place at the right time,” said Paz in a statement. “I am convinced that Sahar
will lead the Israeli diamond industry to success and I wish him success with
all my heart.”

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