The American diamond giant Lazare Kaplan International, considered one of the largest diamond companies in the world, is opening offices in the Ramat Gan diamond exchange and transferring a significant part of its activities to Israel.
Maurice Tempelsman, the owner of the American diamond company Lazare Kaplan, met with the president of the diamond exchange, Avi Paz, and discussed with him the opening of the company's new offices.
Lazare Kaplan, established in 1903, deals in rough diamonds, polishing diamonds and selling diamonds, all over the world. The company also has a private label of diamond jewelry - The Lazare Diamond brand.
At the meeting between diamond exchange president Avi Paz and Maurice Tempelsman, it was announced that the company intends to import to Israel very large quantities of rough diamonds. The company also intends to transfer to Israel a significant part of its polished diamond business.
Following the meeting, diamond exchange president Avi Paz said that "the fact that a company on the scale of Lazare Kaplan chooses to open a centre in the Israeli diamond exchange and transfer a significant part of its activities here is an expression of unusual trust in the Israel diamond industry. The activities of the company in Israel will lead to a significant increase in diamond trading (rough and polished) in Israel and I have no doubt that it will also make a significant contribution to the economy of Israel".