Subsidized Diamond Manufacturing Facility To Revive Israeli Manufacturing Industry

25/03/2015 16:15

The Israeli diamond industry today announced that the recent establishment of a subsidized diamond manufacturing facility near Ramat Gan, providing a work environment and equipment for up to 100 polishers, is the first step in a plan to bring back polishing activity to Israel. The idea is to offer IDE members, especially small and medium sized companies, the ability to polish their rough diamonds in Israel, at prices competitive with or even cheaper than offshore locations. The facility also houses an academy to train new polishers, especially the younger generations.