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Israel Diamond Exchange (IDE) President Yoram Dvash was re-elected earlier this week for a second term of three years at a General Assembly of bourse members.

The IDE held elections for its board of directors, as well as members of the Control Committee. Sixteen new board members were elected to the directorate.

During the past two years as IDE President, Dvash actively introduced innovations into the diamond exchange, negotiating a new agreement with the Tax Authority, instituting its first ethical code and strengthening its arbitration system.

In addition, he established the IDE’s International Tender Centre, an E-commerce wing in the bourse, promoted the establishment of two new polishing centres for large diamonds on exchange premises and inaugurated the IDE’s Innovation Centre to host early-stage startups in the diamond industry.

On his Facebook page, Dvash thanked bourse members for their support, writing, “The elections are behind us and it’s time to get back to work. In the next few days we will meet to plan our activities, fill positions and work diligently to promote our industry.”

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