Yoram Dvash Elected Israel Diamond Exchange President
Yoram Dvash was elected as the new president of the Israel Diamond Exchange (IDE) replacing incumbent president Shmuel Schnitzer, who served a single two-year term. In the elections of the IDE presidency and board of directors, Dvash won with 1,080 votes, against his opponent, Arnon Juwal, who drew 761 votes.
A first-generation diamantaire, Dvash launched his own diamond manufacturing and trading business in 1991, Dvash Diamonds Ltd., which specialises in manufacturing larger stones, squares and rounds, in sizes up to 5 carats. Dvash has been a member of the Israel Diamond Manufacturers Association (IsDMA) since 2000 and an IsDMA board member since 2011. He also served a term on the board of the Israel Diamond Institute.
Dvash first joined the board of directors of the Israel Diamond Exchange in 2013. He currently serves as treasurer and also the chairman of both the IDE’s Industry and Manufacturing Committee and the Marketing and Foreign Affairs Committee. He is the driving force behind the establishment and further development and expansion of the IDE’s Centre for Manufacturing and Innovation which was established to guarantee that diamond cutting and manufacturing will not only remain in Israel but will also increase and make a decisive contribution to the diversity and growth of the Israel diamond sector.
He also initiated the “10+ carat development section” in the technological service area in the bourse trading hall to assure that these stones will be manufactured in Israel. Dvash was congratulated by outgoing president Shmuel Schnitzer upon his election.