Financial disputes between traders exchange in the amount of $ 400,000 and above, as well as the appeal of smaller disputes will be submitted to a higher level arbitration unit, which is now headed by a judge, while the controversy up to this amount will continue to be treated at a lower the level of long-standing members of the IDE.
The decision was taken at a general meeting of the IDE, which took place last week.
"The Israel Diamond Exchange is proud of its arbitration institution that can solve disputes between members quickly and professionally, either mediation or arbitration," - said in a statement IDE.
According to the IDE, the arbitrators are experienced and respected members of the exchange who are considering this option as an important public work.
"After reaching a historic agreement with the tax authority of Israel, this fact is yet another step in our efforts towards strengthening the reputation of the Israel Diamond Exchange in respect of the state bodies and the global diamond industry", - President said u'Dvash IDE Yoram (Yoram Dvash).
http://www.feedage.com/feeds/23910356/pearl-jewelry-pearl-necklace
1 comment:
Three world's largest diamond company opened its Latin American offices in the first building of the World Jewelry Center (World Jewelry Hub, WJH) in Panama.
All three companies are sightholders De Beers - Diarough, Jewelex and Kiran Gems. Office of each of the companies in the WJH headed by their representative in Panama.
Diarough established in Antwerp in 1972. The company has offices and production in all parts of the world, being a producer of diamonds and jewelry, as well as a leading diamond wholesaler. Diarough is one of the founders of the responsibility of the Council in the jewelry industry (Responsible Jewelry Council, RJC).
Jewelex established in Mumbai in 1966. Today it is one of the largest vertically integrated diamond and jewelry companies, operating in various centers of production and trade.
Kiran Gems was established in Mumbai in 1985. Today the company is the largest diamond producer in the world, handles approximately 1.6 million. Carats of diamonds per year.
Post a Comment