And don’t try anything funny, Shimoni said. If there’s a dispute, they pledge not to run to a lawyer but to choose an in-house meditator. Once you’re granted membership, you can apply for a loan or arrange for a wire transfer.Ĭlub members have their own code of conduct. In the 10-year waiting period, all sales are cash only. Photo courtesy of IsraelTours4UĬash is king at the Diamond Exchange, which is located across a footbridge from Tel Aviv. There used to be a thriving ecosystem of polishers and diamond cutters outside on the side streets of Ramat Gan.Ī diamond cutter’s tool that holds the diamond while being cut and polished. For smaller diamonds, buyers these days go to India. Israel is the leading center of big diamonds, one carat and up. Here are a few of the tidbits we picked up. We didn’t succumb to temptation, and you don’t have to, either. All that was missing was the smell of baking bread to get our mouths watering for a good deal on diamonds. Indeed, after the formal tour Shimoni escorted us to the Savransky showroom where tea, cookies and fresh Medjool dates were waiting. While Shimoni assured us the tours – which can run up to $80 a person – are not a veiled sales pitch (this is not India where the auto-rickshaw driver stops by his “friend’s” place to sell you a fake cashmere scarf) – they are run by IsraelTours4U in partnership with Savransky, an international private-label jewelry manufacturer.
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