Israeli diamond exports fall 61 percent
The Israeli diamond industry is facing a significant decline in exports, with its value decreasing by approximately 61% between 2022 and 2025, resulting in a loss of around $5.6 billion over three years. In an effort to restore its competitiveness, the Israeli Diamond Exchange has signed a new tax agreement that allows traders to determine their taxable income at a fixed rate of 1.3% of sales volume, without the need to report a minimum income. This measure aims to improve the sector's competitive position against rivals such as Dubai, Belgium, and India. Despite these efforts, Israeli diamond exports continue to decline, falling to $3.6 billion in 2025, as challenges persist due to rising tariffs in other markets and the deteriorating market for laboratory-grown diamonds, reflecting an ongoing crisis in the Israeli diamond sector.
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