Fridman
A., Vecherina O. Israel as the Key Subject in the World Diamond
Market.
The article is dedicated to the diamond industry of Israel which is the
key subject of the WDM. Not being a diamond producer, it annually
imports rough diamonds worth $4 billion (i.e. about 45 per cent of the
world diamond output by value) and exports cut diamonds worth $6
billion (about 40 per cent of the world production). The country is the
world leader in diamond cutting technologies and the center of world
diamond trade. Russia is one of the world's major diamond producers,
accounting for about 20 per cent of world diamond output by value.
Therefore, the analysis of Israel's experience is not only a subject of
scientific interest. It also enables to learn important lessons. In
more detail these questions are discussed in the authors' book (2003),
where for the first time the statistical data on the diamond industry
of Israel in 1949–2002 is published. All the data, diagrams and the
table used in this article are taken from the book mentioned above.
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