The most stable factor of the second decade of the 21st century is the constant changes. The dynamics of the processes is high, nothing remains in its place for a long time, Moti Ganz, chairman of the Israel Institute of Diamonds (IDI), writes in his article on Israel.ru website
israelidiamond.co.il. Always to be one step ahead of global fluctuations is the most important task that the Israeli Diamond Institute set for itself in 2013.
The share of the United States in the total amount of polished exports from Israel is constantly decreasing: 41% in 2010, 39% in 2011, 37% in 2012, and this is not the limit. No one can say that these changes occurred suddenly, and that we did not have time to prepare.
"To our happiness, the decrease in the share of our market in the US is accompanied by an increase in exports to Hong Kong and neighboring regions: 26% in 2010, 27% in 2011, 29% in 2012, and here too, not yet the limit - the growth is only beginning, notes Gantz.
"This trend has a double reason: on the one hand, diamond jewelry prices in large retail chains have not changed, and, on the other hand, the cost of importing rough diamonds to Israel is constantly growing for the subsequent production of diamonds. As a result, Israeli diamonds are less and less suitable for American jewelry, "Ganz said. - It is important to note that last year the US economy "shrunk" not as much as we feared. Growth in 2013 will also be more rapid than we expected, so it would be reasonable to assume that the US economy will show higher growth rates in 2013 than in 2012. All these figures strongly influence the level of consumer confidence, including diamonds. In conditions when profitability is washed out, and the market of diamonds can not keep up with the market of rough diamonds