While diamonds have been traded for years and years, ideas such as globalization and the advancements in the fields of gemology (on which you can read about here) have created diamond exchange centers - areas of safe trade between honest wholesale companies.
Once these diamond exchange centers started to grow, the next step would be regulations, laws and common business practices that would e?radicate scams and advance both the trade and the field itself.
These centers started in Israel, Belgium, New York and Hong Kong at first and later in other countries, it became obvious that there should be a global leadership to this great movement in the field of diamond trading.

The World Federation of Diamond Bourses

After a meeting in Antwerp, Where the New York Diamond Dealers Club met with leading figures in the Belgian diamond trade to discuss creating a united international body that can push the diamond trade further, it was clear that the time has come for such a thing.

A year later, in 1947, The same people created the WFDB, in what would become the first World Diamond Congress - a meeting place of members of the WFDB and representatives of the International Diamond Manufacturers Association.

Diamond exchange bourse member                                                                                                         Glogowski Diamonds

Through the years, the federation has worked tirelessly, governing a total of 29 diamond world bourses worldwide, which include all of the large diamond exchange centers, and have been a major force behind the kimberly process  and created rules and regulations to act in unison, accommodating global changes in diamond trade locally.

The Israeli Diamond EXchange

The diamond trade in Israel has it's roots in as early as 1905, when Dutch and Belgian jews decided to bring their trade to the then turkish-empire ruled land, and 5 years later, they've even shipped heavy polishing material to be used on-site.

Until Israel was founded, the local diamond industry was in turmoil, achieving great heights and suffering great losses, as expected from any market between 2 world wars, and a market that was spread out between cities and areas.

This situation changed when the 1st buidling "Shimshon" (Samson) was opened in 1968, just a year before Israel became a country, and connected all diamond exchange members - traders and manufacturers alike.
While this building housed "only" 21 floors of traders and manufacturers, it was also the heart of the future Israeli diamond bourse.

Israeli diamond exchange

Along the years, more buildings were added (Maccabi in 1978, Noam in 1980 and Yaaholm, or diamond, in 1993, where Glogowski diamonds are located), and are connected with bridges, in a hermetically sealed area known as the diamond district, and houses everything needed for the market - From traders and makers to banks, mail and even official governmental import/export offices, all in a walking distance.

To this very day, this center, the Israeli diamond bourse or Israeli Diamond EXchange (IDEX) as it's more commonly known, is still the largest diamond exchange in the world.

Glogowski Diamonds is situated right there, in the center of the world's biggest diamond bourse... want to know more about us?

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