Ramat Gan: In the wake of the departure of Shmuel Schnitzer from the post of Chairman of the Israel Diamond Institute (IDI), the organization’s Board of Directors has stated its appreciation for his years of service as Chairman of IDI and as a leader of the diamond industry.

The IDI Board released a statement saying, “The Board of Directors of the Israel Diamond Institute would like to thank Shmuel Schnitzer for his substantial contribution to this institution since becoming Chairman in February 2016. Over a public career spanning several decades, Shmuel Schnitzer has made an immense impact on the Israeli Diamond Industry and on the diamond industry around the world.”

The Board also announced that Boaz Moldawsky had been appointed Acting Chairman. Moldawsky, a second-generation diamantaire, is active in public service to the industry, serving as Deputy President of the Israel Diamond Exchange, Chairman of the Finance Committee and a member of the board of the Israel Diamond Manufacturers Association.

IDI is a non-profit, public interest company representing all institutions involved in the Israeli Diamond Industry. IDI works to advance and strengthen the Israeli industry as one of the world’s leading diamond centers, through marketing, technological innovation, rough diamond sourcing and promotion of local manufacturing.