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TRADE NEWS


IDE elected a new president

IDE elected a new president

11 July 2011

The Israel Diamond Exchange (IDE) elected Yair Sahar, owner of Sahar-Atid Diamonds, to be its new president. He replaces Avi Paz, who completed six years in this position. Paz was made an honorary president of IDE.

Yair Sahar said upon being elected, “The Israeli diamond sector is one of the cornerstones of the Israeli economy. It is responsible for an annual turnover of $25 billion. I will do everything I can to advance the Israel Diamond Exchange and to guarantee that Israel remains a leading global diamond trading center. One of the aims of my presidency will be to return diamond manufacturing to Israel.”

IDE elected a new president

The elections for the president and the board of the exchange are held every two years. Of the 1851 votes cast, representing about 70% of the eligible voters, Sahar received 931, slightly more than Yaakov (Kobi) Korn.

Sahar-Atid specializes in the manufacture and trade of polished diamonds. It is a sightholder of both the DTC and Harry Winston. The company was awarded “Outstanding Exporter of Israel” in 2009. Outgoing president Avi Paz said, “Yair Sahar is without a doubt the right man in the right place at the right time. I am convinced that Sahar will lead the Israeli Diamond Industry to success and I wish him success with all my heart."

www.israelidiamond.co.il

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