Dismiss Notice
Welcome to IDF- Indian Defence Forum , register for free to join this friendly community of defence enthusiastic from around the world. Make your opinion heard and appreciated.

How Israel Checkmates Egypt through Ethiopia: Dams at Nile source

Discussion in 'International Politics' started by InfoWarrior, Apr 15, 2017.

  1. InfoWarrior

    InfoWarrior Lieutenant FULL MEMBER

    Apr 8, 2017
    Likes Received:
    Country Flag:
    How Israel Became the World’s Largest Polished Exporter
    Large families have always populated the diamond industry, and for centuries, Hasidic families most of all. They formed the backbone of Amsterdam’s diamond industry, and then Antwerp’s. Early in the 20th century, some of Europe’s Jewish diamond traders and polishers emigrated to form budding diamond industries in new destinations.

    One of these destinations was Israel, where a new nation was forming. The thirst for talent, entrepreneurship and skill was the lifeblood for the growing economy looking to take part in the global arena.

    Diamonds come to Tel Aviv

    Diamond traders in Amsterdam and Antwerp began fleeing to Israel in the 1930s, as anti-Semitism rose in Europe. They established a small, unofficial diamond-trading zone in Tel Aviv, where they operated out of modest offices and cafés in the Ahuzat Beit area of the city.

    By 1937, after the British Mandate government cancelled the tax on diamond imports, the industry started to take off. Local traders banded to form Israel’s first diamond exchange, the Palestine Diamond Club. The country’s first manufacturing started with smaller goods in the city of Petah Tikva during that year. Very quickly, two more manufacturing centers started to develop in the coastal city of Netanya and in Tel Aviv.

    However, it was not until World War Two broke out that the local industry had a chance to grow significantly. They began to fill the void left by Europe’s diamond industry, which fell victim to the war. In the late 1940s, diamond traders and polishers that survived the war immigrated to Israel, providing it with a further
    boost of skilled hands and accomplished traders.
    SrNair likes this.

Share This Page