FOLLOW THE DIAMONDS.
The worst case scenario envisaged by the Rand report estimates a loss of $4.7 billion per year. Targeting settlement products may cause a $300 million reduction in exports. What none of the reports take into account is the impact on Israel’s burgeoning diamond exports which account for 30% of manufacturing exports worth $20 billion gross and $10 billion net per year.
The Diamond industry in Israel is estimated to generate about $1 billion annually in funding for the Israeli military. Diamond s that fund war crimes are blood diamonds.
Nothing changes the mind of a jeweler, shareholder or consumer quicker than the prospect of being saddled with blood diamonds linked to Israel’s gross human rights violations.
The re-branding of the Steinmetz Diamond Group, which funded and supported the Givati war criminals responsible for the Samouni massacre in Gaza, can be directly linked to action by activists in London who exposed the scandal when De Beers put a Forevermark diamond crafted By Steinmetz on display in the Tower of London.
The default by investors who purchased the Steinmetz Pink diamond from Sotheby’s for a world record $83 million is also believed to be due to linkage to Israeli war crimes.
The Israeli brand image is utterly toxic for the diamond brand image. The global jewellery industry, lead by such names as De Beers, Signet, Tiffany’s, Cartier, Graff, Chow Tai Fook, Sotheby’s and others, is straining to keep the truth about the extent of Israel’s domination of the industry hidden from the public. Fifty percent of the diamond sold in the US come from Israel. US diamond sales alone add almost $3 billion per year to the Israeli economy.
In the first three months of 2012 Israel’s diamond exports crashed by 80% due to a major fraud investigation. The damage to the economy was so serious that the authorities, under pressure from the diamond industry, were forced to drop the investigation and reach an agreement with the industry. Israel’s diamond exports declined by 22% in 2012. In 2013 military expenditure was initially cut by $1 billion but this was later restored.
As more and more people begin to realize that the diamond market is heavily contaminated with diamonds that fund war crimes and crimes against humanity in Palestine the diamond brand image will suffer irreparable damage. Israel’s economy will also be severely damaged. Google Israel’s blood diamonds for a lot more info.