Israel's diamond industry in turmoil as flaws show in power struggle
Controversy peaks over efforts to transfer funds from local, nonprofit Diamond Institute to Israel Diamond Manufacturer's Association, which is running at a deficit, sources say.
The Israeli diamond industry is in turmoil over a struggle for control of its major institutions. The controversy erupted over the weekend in connection with the activities of a committee appointed by the president of the Israel Diamond Manufacturers Association, leading to the replacement of three of the association’s directors, including two senior figures − former president Uri Schwartz and diamond merchant...
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