Leo Schachter tops list of Israeli diamond exporters
RAMAT GAN, Israel, January 23, 2012 – The annual list of Israel’s 25 largest polished diamond exporters was published by the Israel Diamond Controller’s Office in the Ministry of Industry, Trade and Labor.
Topping the list is Leo Schachter Diamonds, with a net $403 million in 2011. This is the first time in 11 years that Lev Leviev Diamonds, which requested not to be included on the list, has not led the ranking.
Second and third on the list of top exporters are M.I.D. House of Diamonds with $239 million and A.A. Rachminov Diamonds with $216 million.
In 4th and 5th place are E.Z.Diamonds Ltd. with $140 million and Yosfe Diamonds International with $130 million in net exports.
Next on the list are: Niru Diamonds in 6th place, with $111 million; Arabov Group Ltd. in 7th place with $102 million; Andre Messika in 8th place with $101 million and Ofer Mizrachi Diamonds Ltd. in 9th place with $96 million. In 10th place is Rosy Blue Sales with $85 million in net polished exports.
Total net exports of the 25 largest companies in 2011 stood at $2.44 billion, or about 33% of Israel’s net total polished exports of $7.2 billion.
The list of 25 does not include 12 companies who chose not to publish their export figures. They accounted for $1.27 billion or 17.3% of Israel’s net polished exports in 2011.
The total sum of polished exports of the top 37 companies (including those who asked not to be included) equaled $3.69 billion, or 51.2% of Israel’s net polished exports for 2011.