Re: Buying Diamonds in Tel Aviv? Posted: Sun December 7, 2008 11:41 AM UTC
I worked as a sort of salesman for diamonds (mostly purchased for engagement rings) in the Israeli (Ramant Gan) diamond exchange in 2001. Back then prices were somewhat under the average market price in the USA and UK but definitely not “amazingly cheaper”. It was mostly about costumes and taxation, not really about “different country, different market price”, as after all Israel is just the place the raw stone is processed, not quarried.
Certain diamond dealing web stores in the US/UK are actually based and operated from the Ramat Gan Diamond Exchange, so you might try and contact them directly and check for prices of diamonds purchased when in Israel, free of taxes and shipment costs. One such reliable store is in:
http://www.diamonds-usa.com/pages/aboutus.asp?
Good luck
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