Officials at the Ramat Gan Diamond Exchange this week hosted hundreds of business people and industry officials at International Diamond Week in Israel (IDWI), a trade show that “has become a staple on the global diamond calendar, and attracts hundreds of international buyers every year,” according to the Exchange. Among the guests is Martin Leake, Secretary to the Dubai Diamond Exchange. Leake, who has more than 20 years experience in the precious stones business, is responsible for precious stones at the Dubai Multi Commodity Centre (DMCC).
The visit by Leake further cements economic ties between Israel and the Gulf states, Economy Minister Eli Cohen said. In November, Communications Minister Ayoub Kara visited Dubai, where he addressed a conference on communications technology. Speaking in Arabic to a large group at the annual conference of the International Telecommunications Union (ITU), Kara said that “technology allows us to actualize possibilities that until now appeared to us to be dreams.”
In October, Prime Minister Binyamin Netanyahu visited Oman, where he met with Oman’s head of state, Sultan Qaboos Bin-Sa’id, after visiting an innovation conference being held in the country. During the meeting, Bin-Sa’id said that his country was one of “several neighboring countries that are extending a hand to Israel and normalizing relations with it.” In a joint statement, Netanyahu and Sa’id said that they “discussed ways to advance the Middle East peace process and discussed a number of issues of mutual interest to achieve peace and stability in the Middle East.”
Commenting on the event this week, Cohen said that “the economic world is changing and moving in new directions, but the desire for diamonds will always remain. The one place where you can find diamonds, innovation and electronic trading is in Israel.”