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

Israel's diamond industry is going extinct. That's a billion-dollar problem for the IDF. https://tankie.tube/videos/watch/40a7817d-22ac-4e24-9875-df3b40480edb 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-diamonds-how-your-engagement-ring-helps-fund-a-genocide-in-gaza/ U.S.-Israel Trade Is Dominated By Diamonds https://www.forbes.com/sites/kenroberts/2017/05/22/for-first-time-in-25-years-israel-not-no-1-provider-of-u-s-diamonds/ Israel’s diamond industry faces its worst crisis in decades https://www.ynetnews.com/business/article/sjy2afqrxx Millennial and Gen Z women want cheaper engagement rings https://www.axios.com/2019/06/10/engagement-rings-price-millennials-generation-z Rings get bigger as lab-grown diamonds catch up to naturals https://www.axios.com/2024/10/12/lab-grown-diamond-vs-natual-popularity The 2024 Diamond Crisis: An Industry at Its Breaking Point https://rapaport.com/magazine-article/the-2024-diamond-crisis-an-industry-at-its-breaking-point/ Israel’s Diamond Financing Sinks to $0.5 Bln https://www.edahngolan.com/israels-diamond-financing-sinks-to-0-5-bln/ Israel: Diamond exports, USD per carat https://www.theglobaleconomy.com/Israel/diamond_exports_USD_per_carat/ Israel’s Top 10 Exports https://www.worldstopexports.com/israels-top-10-exports/ Consumers Widely Accept Lab-Grown Diamonds, Even If Fewer Prefer Them https://www.jckonline.com/editorial-article/consumers-accept-lab-grown/ Eleven of the top fourteen diamond-producing countries are in Africa https://intelpoint.co/insights/eleven-of-the-top-fourteen-diamond-producing-countries-in-2022-are-africa/ Diamond Industry And Israeli Arms Trade Face Global Outcry https://evrimagaci.org/gpt/diamond-industry-and-israeli-arms-trade-face-global-outcry-498132 Thu, 09 Apr 2026 03:47:46 GMT https://validator.w3.org/feed/docs/rss2.html PeerTube - https://tankie.tube Israel's diamond industry is going extinct. That's a billion-dollar problem for the IDF. https://tankie.tube/lazy-static/avatars/3ba3ff73-a8b6-49c9-add8-9653ef090c7f.webp https://tankie.tube/videos/watch/40a7817d-22ac-4e24-9875-df3b40480edb All rights reserved, unless otherwise specified in the terms specified at https://tankie.tube/about and potential licenses granted by each content's rightholder.