a r r e z a f e: Israel's diamond industry is going extinct. That's a billion-dollar problem for the IDF.

24 diciembre, 2025

Israel's diamond industry is going extinct. That's a billion-dollar problem for the IDF. — Kevin Walmsley

https://youtu.be/qJajzVUoHVw?si=wjo7zfvTmLcuuqDK

Inside China Business - 24 dic 2025

The Israeli diamond industry is collapsing, as high tariffs and strong competition in the US market are crippling demand for natural stones from Israeli firms.

The US - Israel diamond trade is crucial to Israel's economy, and the industry even directly supports the Israeli Defense Forces with over $1 billion a year. Moreover, the diamond trade in Africa is financed with illicit weapons sales and training by IDF commanders.

India replaced Israel as the top exporter of natural diamonds ten years ago, and Chinese-made artificial diamonds are increasingly preferred by younger buyers.

The market situation in the United States and the war in Gaza led to a collapse in Israeli lending and investment in the sector, which is now at historic lows. Wholesale diamond buyers are reluctant to visit Israel, and its annual diamond show was recently canceled.

Closing scene, Fudan University, Shanghai

Resources and links:

Bloody Diamonds: How Your Engagement Ring Helps Fund a Genocide in Gaza

https://www.unz.com/article/bloody-di...

U.S.-Israel Trade Is Dominated By Diamonds

https://www.forbes.com/sites/kenrober...

Israel’s diamond industry faces its worst crisis in decades

https://www.ynetnews.com/business/art...

Millennial and Gen Z women want cheaper engagement rings

https://www.axios.com/2019/06/10/enga...

Rings get bigger as lab-grown diamonds catch up to naturals

https://www.axios.com/2024/10/12/lab-...