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Jewish News 24 · Jul 26, 2026

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Israel's diamond exports have reportedly plunged to an unprecedented low, totaling just $2.4 billion in the first half of 2026 - the lowest figure in the industry's history — as the industry struggles with weaker global demand, competition from lab-grown stones, and a new 10% U.S. tariff. Israel Diamond Exchange President Nissim Zuaretz announced he is stepping down after two years in the role, with Diamond Controller Natalie Gutman calling the industry's condition "unprecedented."

Israel's diamond exports have reportedly plunged to an unprecedented low, totaling just $2.4 billion in the first half of 2026 - the lowest figure in the industry's history — as the industry struggles with weaker global demand, competition from lab-grown stones, and a new 10% U.S. tariff. Israel Diamond Exchange President Nissim Zuaretz announced he is stepping down after two years in the role, with Diamond Controller Natalie Gutman calling the industry's condition "unprecedented."

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