Exclusive diamonds with an estimated value of one billion dollars are being displayed as part of the International Diamond Week that opened last Sunday at the Ramat Gan Diamond Exchange near Tel Aviv.
Representatives from more than 40 countries from all over the world, including 450 buyers and presidents of stock exchanges from China to New York, came to the unique exhibition that became a huge event for diamond dealers and jewelers. Among the exhibits at the exhibition, was a rare diamond that stole the show called the "Jewish Diamond".
This is the only diamond in the world with a Star of David in yellow, brown, and green embedded within it. The Star of David shape was created by a natural process that occurs when a diamond crystallizes in nature, but it is usually considered a defect or dirt that damages the quality and light reflection of the diamond and lowers its value.
Largest ever Israel Diamond Exhibition opens its doors #jewellery #jewelry #diamond #exhibitions https://t.co/3KViCi47q4
ā retailjeweller (@retailjeweller) March 29, 2023
However, the unique shape of the crystallization that caused the Star of David found in the diamond made it an interesting find. The value of the diamond that was mined in Zimbabwe is estimated to be between two to three million dollars and weighs 2.03 carats. It is being shown for the first time at an exhibition in Ramat Gan, and will later be put up for auction. About four years ago, the diamond was purchased, along with other diamonds, by the G.B.H diamonds company.
"On the envelope containing the diamonds, there was a long and hectic negotiation with the seller who refused to sell the envelope for months," the company said. "One day a Chabad Hassidic man came to us, and we all read the Jewish book of the Tanya. The dealer suddenly called and sold us the whole envelope. We noticed dirt in one of the diamonds, and after opening a window in the stone to understanding how to polish the diamond, we were amazed to discover its unique shape. We have never seen anything like this. If the merchant knew, he probably wouldn't sell it to us."
2
ā Real Even (@RealEvenDiamond) January 30, 2023
Diamonds were first discovered in Israel in the late 19th century, and by the early 20th century, the city of Tel Aviv had become an important center for diamonds trading.
The president of the Israel Diamond Exchange, Boaz Moldawsky, said that "the international diamond week that is taking place this week at the exchange, illustrates the respect that is given to the Israeli exchange in the world, the attractiveness of the Israeli market and the desire to strengthen trade relations with us. It is an extraordinary Israeli pride to host the largest diamond exhibition in the world since COVID".
