Diamond Exchange – The Diamond Exchange District (Hebrew: מִתְחַם הַבּוּרְסָה, Mitham HaBursa, lit. “The Exchange District”) is a diamond district and commercial area in the Tel Aviv District of Ramat Gan, Israel . This district is the center of Israel’s diamond industry as well as a major commercial center. As of 2019, the district contains 1.1 million square meters of commercial and living space and is responsible for 60% of Ramat Gan’s urban benefit.
The Israeli Diamond Exchange, the highlight of the district, consists of four buildings connected by bridges; Maccabi Tower, Samson Tower, Noam Tower and Diamond Tower. The Diamond Tower houses the largest diamond trading floor in the world and is the main building of the exchange. There are also many other important buildings in the district. The Moshe Aviv Tower is the second tallest building in Israel at 235 meters. Sheraton City Tower is a hotel in the district and other notable buildings are Ayalon Tower and Gibor Sport House. Tel Aviv Ctral station is connected to the district by a pedestrian bridge.
Diamond Exchange
The Harry Ophmer Diamond Museum displays examples of world famous diamonds, including the Koh-i-Noor diamond in the crown of the King of the United Kingdom, Richard Burton’s gift of the diamond to Elizabeth Taylor on her 40th birthday, and an hourglass with “sand” made from a commodity. diamonds, diamonds like pins inspired by the Bible that contain a tennis ball and diamonds.
Alberto Diamond Exchange
Leonardo City Tower is the tallest hotel in Israel. It was the tallest building in Ramat Gan from its construction in 2000 until 2001, when it was surpassed by the Moshe Aviv Tower.
The Diamond Tower, which houses the largest diamond trading hall in the world, can accommodate up to 1,000 people. At 115 meters over 32 floors, the tower was the tallest building in Ramat Gan from 1989 to 2000, surpassing the Sheraton City Tower.
Ayalon Tower consists of 35 floors and is used for office purposes and is 132 meters high, making it the third tallest building in Ramat Gan, excluding its beautiful tower. A typical floor of the tower covers 1,000 square meters, the parking area of the tower is 20,000 square meters.
The tower was completed on May 10, 2009, after construction was halted in 2002 on just 17 floors due to lack of demand for office space. A helipad was built at the top of the tower, which was temporarily removed in 2006, 4 years after the remaining floors of the tower were built.
Modern Office Design
Gibor Sport House is 114 meters high and has 29 floors and was completed in April 2000. The building was designed by AMAV Architects, the architects of the Moshe Aviv Tower. As such, it has many similarities in terms of design, and many prefer a reduced version due to its similar shape and materials. The tower car park connects to the parking areas of its two neighbours; Sheraton City Tower in the south and Ayalon Tower in the north.
In 2014, the addition of 8 new floors was approved. The construction started in 2016 and finished in 2018. During construction, the building rotated.
HaKkar Tower was the home of the financial company Banc De Binary until 2017, when it was renamed BDB Tower.
The building was designed by Gwircman E. Architects Ltd and was completed in 1988. It is located at 38 Tuval Street, Ramat Gan. Its unusual modernism architectural design and the use of concrete materials make it one of the most prominent buildings in the Exchange District. It has 10 floors and covers 3,000 square meters.
Badwa Diamond Exchange Trading Hub
As of 2015, the district is administered by the District Diamond Exchange Administration. As of 2019, its annual budget is 5 million ILS. The administration is responsible for the physical maintenance of public spaces as well as marketing and general development.
By 2019, the city of Ramat Gan is promoting a plan to increase the space occupied in the Diamond Exchange District from 1.1 million to 3.7 million square meters, drafted by architect David Galor. The plan includes a 120-storey tower, a collection of 1,000 apartments and Geral’s urban renewal scheme for the district. Diamonds adorn our necks, illuminate our fingers and design our wrists. However, before it arrived in our bodies, it went through a lot of extraction in its homeland, where it evolved over thousands of years, through large diamond mines, diamond exchanges around the world, diamonds and then jewellery. Manufacturers and retailers. In a unique and innovative concept, it was decided to give individuals direct access to the Diamond Exchange.
When you are planning to buy a polished diamond, there are several ways to proceed. You can go to the jeweler to choose your diamond and have it mounted, or you now have direct access to the source of the polished diamond supply chain thanks to: diamond exchanges around the world. Therefore, a very large selection of certified diamonds, selected for their ethical origin, is accessible to individuals who benefit from the price at the source without the margins of various intermediaries. The online platform provides direct access to diamonds and their parts from the world’s largest diamond clearinghouses before they go to retail jewellers.
Anyway, let’s start with some explanations about Diamond Exchange, how it works and what it does.
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Only a few large mines in Africa, Russia and Australia contribute to the extraction and exploitation of diamonds in the world. About 90% of the mined stones are used as industrial diamonds and mainly as abrasives for mining, cutting, grinding and polishing for various industries such as oil, cars or weapons. The remaining 10% of the world’s best gem quality stones are sent to various world markets.
The transfer of diamonds from the mines that extracted diamonds from the ground represents the first step in the commercialization of diamonds, the starting point of this incredible industry. The Diamond Exchange brings together a wide variety of diamonds offered by diamonds from around the world, who must meet extremely strict selection criteria to gain access.
Of the 29 diamond exchanges worldwide, only four major exchanges share a large share of the polished diamond trade: Antwerp, New York, Tel Aviv and Mumbai. Others such as Dubai and Hong Kong are becoming increasingly popular. All exchanges are grouped together in the World Diamond Bourse Federation, whose mission is to establish the framework and rules and protect the interests of its members. Responsible for promoting Diamonds internationally.
The diamond exchange is reserved for selected professional diamonds and is governed by very strict trading and operating rules. Not only does it have its own guidelines, but it also has its own court system to resolve any disputes between member diamonds. The Diamond Exchange is therefore a place of choice, which ensures trust, security, knowledge and high standards, a place for meetings and exchanges between diamonds, brokers and producers, where the individual has no place. The selection conditions of the diamonds that have access to the diamond exchange follow extremely strict criteria.
Diamond dealers on the trading floor of the Israel Diamond Exchange (IDE) in the city of Ramat Gan, Israel Stock Photo
In the large buildings and the highly protected architectural complexes in the center of the city, trade is at its best, according to the rules of art and with strict respect for traditional methods. The operations are done only by word of mouth and with a handshake… If we delve into the mythical secret of these magical places, we can discover the daily life of thousands of experts who gather around a bustling craft. Whether you are in India, Belgium, Israel, the United States or anywhere else in the world, the exchanges are all pretty much the same. Whether you walk through the famous Bandra business district, home to the Bharat Diamond Bourse, or the heavily guarded Antwerp Diamond District, the magnificent architectural complex of Ramat Gan, or the Diamond Trade Club in New York, you will realize that the diamond exchange is not an abstract concept as one might think, but many experts Find out where it works and trade. It houses the office of each member diamond, as well as trading floor, administrative offices, security services, maintenance services, restaurants and safe deposit boxes. These closed and heavily monitored areas are reserved for a privileged audience: diamond manufacturers and wholesalers, brokers and some setters. They discuss and discuss prices as well as drinks and handshakes. The informal but regulated aspect of negotiations makes it a special institution.
It is not difficult to imagine that such a high level of security requires flawless organization and supervision. A badge is required for each entry and exit. Visitor attendance is strictly controlled.
Access to diamond exchanges remains the prerogative of privileged diamonds, but not without reason. A rigorous selection process and very selective criteria are a guarantee of quality and trust. To become a member, it is necessary to follow a specific curriculum and comply with all prescribed requirements. First, only diamonds
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