Diamonds Are Not Forever – an article at Israel Knowledge@Wharton

Diamonds Are Not Forever: Industry Moves from Israel to India:

If in the 1980s and 1990s Israel was the world’s major producer of polished diamonds, successfully juggling low labor costs and traditional diamond-cutting knowledge, today the hum of the polishing wheels is mostly silent in Ramat Gan, the city at the heart of the Israeli industry, as the polishing industry has moved abroad, to India, China, Russia, Vietnam and Africa.

(This article was published in Israel Knowledge@Wharton at 20/4/2011)

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