Founded in 1967, IDI is a non-profit organisation that represents the Israeli diamond industry and promotes it through marketing, public relations, and trade events.
New chairman Juwal is a second-generation diamantaire and partner in diamond manufacturing firm S Juwal & Co. He is a member of the Israel Diamond Exchange (IDE)'s board and chairs its insurance and taxation committee.
Upon his election, Juwal said, “It is a great honour to serve as chairman of the Israel Diamond Institute, as well as a major responsibility.
“We are emerging from a very difficult time, and although the Israeli diamond industry has rebounded, there are still many issues that we must deal with. IDI is responsible for several functions that are essential to the success of the Israeli diamond industry.
“I hope that my expertise as a diamantaire will enable me to contribute to the success of IDI and I look forward to leading the institute in these crucial times.”
The chairman position usually carries a three-year term; Dvash was elected in November 2020, replacing Boaz Moldawsky, following widespread industry encouragement. No specific reason for his resignation has been made public.
Dvash is also president of the World Federation of Diamond Bourses (WFDB) and previously resigned the presidency of the IDE in order to focus on his WFDB role.
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