Israel Diamond Institute Group of Companies (IDI) has elected Shmuel Schnitzer as its new chair.
He replaces Moti Ganz, who held the same position for three terms.
“I am pleased to continue to serve the Israeli diamond industry, especially during this period of economic challenge,” said Schnitzer, who recently completed his term as president of the Israel Diamond Exchange (IDE).
“However, I am certain that with the improvement in the economies of key markets, more balanced strategies on the part of the major rough diamond producers, and the co-operation of the entire industry, we will see much better results in the coming year.”
Schnitzer first served as IDE’s president from 1998 to 2004 and was later granted the title of honorary president of the exchange. He also served as president of the World Federation of Diamond Bourses (WFDB) from 2002 to 2006, and was later made its honorary president.
Schnitzer served a fourth term as IDE president from 2013 to 2015.
