ISCU has Signed Strategic Partnership Agreement with GZ Diamond Exchange

On 3^rd October, 2016, Israel Commercial Union has signed strategic partnership agreement with Guangzhou Diamond Exchange, formally fostered our partnership.

It is a pressing need for both sides to sign the strategic partnership agreement. First of all, over the past few years, Israel Commercial Union has long been committed to creating cooperation opportunities among Chinese government, Chinese private companies and Israeli enterprises, served as a bridge connected with each other. Accounting for 70% of the diamond processing industry in China, Guangdong has become the largest diamond industrial player in south mainland China. Therefore, the signing of strategic partnership agreement can be seen as a strong-strong cooperation.

After this signing, both sides will exchange market information, establish a long-term mechanism of interaction and cooperation, so as to advance positive development of our relationship. Both sides will make great efforts to exchange with experience and knowledge, start industrial cooperation, and create an sound environment for diamond trade. Meanwhile, both sides will actively explore the Chinese market opening for Israeli diamonds, and work together to promote the reciprocal development of diamond and jewelry industry.

This signing will further leverage the industrial advantages of diamond processing industry in Guangdong, and promote exchange in an all-round way. This chance will consolidate the special status of Israel Commercial Union, embracing a brighter future.