LATEST FROM THE TRADE

 

 

The Diamond Racket

 

 

Jewish control of the world diamond market, starting with the De Beers monopoly of South Africa, has long been common knowledge to all those familiar with the trade.
Because the syndicate is supplying fewer raw diamonds than Israeli merchants have demanded, the latter will now be turning to other sources—probably including so-called
"blood diamonds" from Africa—to satisfy their voracious appetite. Here is the latest insider information from those plying this lucrative trade, which has been a source of enormous wealth for international Zionist schemes and enterprises.

 

 

 

Globes Online (Israel's Business Arena)
Israel / New York  Saturday, July 26, 2003

Israeli diamond cutters to expand
direct imports of raw diamonds

De Beers is allocating fewer diamonds to Israel.
Israel Diamond Exchange president Shmuel Schnitzer:
Direct diamond imports will total hundreds of millions of dollars.

Hadas Manor  22 July 2003 17:01

TEL AVIV—Sources inform "Globes" that Israel Diamond Exchange management yesterday made an immediate and urgent decision yesterday to conduct negotiations for importing diamonds into Israel, through channels other than the De Beers diamond syndicate and brokers.

Israel Diamond Exchange president Shmuel Schnitzer yesterday confirmed the plan to "Globes", saying, "The De Beers syndicate supplies Israeli diamond merchants with just over 20% of the raw diamonds they need. Diamond Exchange management has therefore decided to find additional sources to supply raw diamonds."

Diamonds imported directly to Israel will cost much less than those bought through brokers, who are needed because of the low quotas assigned by the syndicate.

Schnitzer predicted that the volume of raw diamond reaching Israel through channels other than the syndicate would amount to several hundred million dollars annually.

De Beers currently controls 55% of the world's raw diamonds, amounting to $3-4 billion per year, of which $1 billion is supplied to Israel.