In May 2013, as result of the Boycott Israeli Blood Diamonds campaign, Dubai Diamond Exchange (DDE) announced that it would not be sending a delegation to US-Israel sponsored International Diamond Week, to be held in Tel Aviv during August 26-29, 2013.
In spite of Arab League’s boycott of Israeli goods, the diamond trade between the Arab Emirates including Dubai is on the rise. The diamond trade among the Western-puppet Sheikhdoms reached $35 billion last year with Israeli diamonds moving through DDE worth some $300 million. Ahmad Sultan Bin Sulayem, executive chairman of DDE visited Israel recently. The DDE is a subsidary of Dubai Multi-commodities Centre, establish by the ruling family in 2002.
Antwerp (Belgium) is Vatican of world diamond trade which has been controlled by Orthodox Jews for centuries. It has annual turnover of nearly $39 billion. Antwerp is followed by India, Dubai, United States and Israel.
Gem quality diamonds are mined primarily in Botswana, Russia, South Africa, Angola, Namibia, Australia and the Democratic Republic of the Congo. The primary diamond processing centers, where they are evaluated, cut and sold are in Antwerp; India, Tel Aviv and New York, almost all controlled by Jews.
South African-based De Beer is world’s largest diamond mined distributor. It’s owned by a Jewish family. De Beer’s trading partner, Israeli Steinmetz Diamond Group is owned by billionaire Beny Steinmetz (worth $9 billion). His Agnes and Beny Steinmetz Foundation which adopted Jewish army’s Givati Brigade – is accused of the worst massacre of Gazans during Operation Cast Lead.
David Bennett (Jew) is chairman of Geneva-based Sotheby’s Diamond, an international diamond auction group. Sotheby’s works in partnership with Steinmetz’s company.
In June 17, 2012, thousands of people protested in front of the Tower of London against the disply of Steinmetz’s Forevermark Diamond presented to the Queen on her Jubilee.
Israel exported $22 billion worth of diamonds in 2011. According to Israeli political economist, Shir Hever, “Every time somebody buys a diamond that was exported from Israel some of that money ends up in the Israeli military, so the financial connection is quite clear“. Overall the Israeli diamond industry contributes about $1 billion annually to the Israeli military and security industries.